Globally, 5 Key Companies are Actively Working in the Petrochemicals Market

 

The petrochemicals market size was USD 371.9 billion in 2020. The market size is expected to rise from USD 582.4 billion in 2021 to USD 888.3 billion by 2028 at a CAGR of 6.2% during the forecast period. The global market is expected to rise during the projected period due to increasing environmental concerns by manufacturers in the market. Fortune Business Insights™ publishes this information in a report titled, "Petrochemicals Market, 2021-2028".

Petrochemicals are chemical substances made from oil, coal, and natural gases. These chemicals are majorly used in developing consumer products such as pesticides, shampoos, aspirin, detergents, gasoline, carpeting, and milk jugs. Products such as propylene, ethylene, benzene, and xylene are used in packaging, plastics, rubber, and electronics. Increasing demand for the product in automotive, medical, packaging, construction, and consumer goods sectors will likely boost the market.

 

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COVID-19 Impact:

Restricted Supply Chain to Hinder Market Growth

The outbreak of COVID-19 pandemic has affected various industries, including the chemical sector. Government imposed stringent restrictions on import/export policies and production and manufacturing restrictions to maintain social distancing norms hampered the supply chains. Halted operations and production affected the supply chain management of major key players. Also, these limitations caused due to the pandemic have affected the market growth and development to a higher extent.           

List of Key Players Profiled in the Report:  

·         BASF SE (Ludwigshafen, Germany)

·         LyondellBasell Industries Holdings B.V. (Texas, U.S.)

·         INEOS (London, U.K.)

·         Royal Dutch Shell Plc. (Hague, Netherlands)

·         SABIC (Riyadh, Saudi Arabia)

·         Reliance Industries Limited (Mumbai, India)

·         Mitsubishi Chemical Corporation (Tokyo, Japan)

·         Dow Chemical Company (Michigan, U.S.)

·         LG Chem (Seoul, South Korea)

·         Chevron Phillips Chemical Company LLC. (Texas, U.S.)

·         China National Petroleum Corporation (Beijing, China)

·         Maruzen Petrochemical Co., Ltd. (Tokyo, Japan)

·         Sibur (Moscow, Russia)

Segments:

Packaging Segment Dominates Market Due to Rising Demand

By type, the market is segmented into ethylene, propylene, methanol, xylene, and others.

Based on end-use industry, the market is divided into packaging, electronics, construction, automotive, and others.

Finally, by region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  

 

Report Coverage:

The report provides complete information and statistical data regarding market development trends and business strategies adopted by the key players. Furthermore, recent trends and advancements in the industry are discussed further in this report along with key industry developments. The report sheds light on drivers and restraints affecting the market growth and the impact caused due to COVID-19 pandemic.         

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Drivers & Restraints:

Increasing Product Demand in Packaging Application to Stimulate Growth

The market is expected to witness significant growth in the coming years owing to the rising plastic consumption in developing economies. The utilization of plastic packaging is increased in various industries, thereby boosting the market in segmented regions. Furthermore, increasing industrialization and commercialization is expected to drive plastic utilization during the projected period. Also, cost-effective and eco-friendly characteristics of the produced plastic are anticipated to drive the market. These factors are likely to ensure the global petrochemicals market growth in the segmented regions.

However, hazardous effects caused due to petrochemical products may hinder the market growth.     

Regional Insights:

Asia Pacific Holds Highest Market Share Due to Rising Industrialization

Asia Pacific dominates the global petrochemicals market share due to rising demand in the consumer goods industry. Increasing industrialization and commercialization in developing countries is expected to maintain the market position during the forecast period.

North America holds the second-largest global market share due to rising investments in the petrochemicals production sector. This encourages the key players to implement innovative strategies to increase product range.   

Competitive Landscape:

Innovative Strategies Allow Key Players to Expand Business Globally

The key players in the industry focus on implementing innovative strategies and business expansion strategies such as mergers, acquisitions, partnerships, and alliances. Also, developing and designing new products allow key players to enhance their product portfolio and gain a competitive advantage in the market. 

 

Industry Developments:

·         August 2021: PJSC SIBUR Holding and Indian Oil Corporation Ltd (IOC) entered into a partnership to set up a large petrochemicals facility in India.

·         July 2021: Repsol SA is expanding the production of specialty chemicals at its subsidiary Repsol Polmeros SA's petrochemicals complex by installing additional units. Repsol plans to construct a 300,000-tonne-per-year linear polyethylene plant and a 300,000-tonne-per-year polypropylene plant to expand the manufacturing site's production of 100% recyclable polymeric materials for use in highly specialized applications aligned with energy transition initiatives in the pharmaceutical, automotive, and food industries.

 

 

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Metalworking Fluids Market Analysis On Trends and Need 2027

As per a published report by Fortune Business Insights™ The global metalworking fluids market size is projected to reach USD 11.60 billion by the end of 2027. The increasing investments in the research and development of low cost and efficient products will have a huge impact on the growth of the market. According to a report published by Fortune Business Insights, the market was worth USD 10.25 billion in 2019 and will exhibit a CAGR of 4.3% during the forecast period, 2020-2027.

Metalworking fluids are used in heavy machinery and equipment to reduce the friction between two surfaces. The ability of these fluids to reduce the overall heat produced when in use, will contribute to the growing demand for the product across the world. The increasing investments in the research and development of efficient products will emerge in favor of the growth of the overall market in the coming years. 

The increasing adoption of heavy machinery and equipment, driven by the rising industrial production and manufacturing units across the world will aid the growth of the market. The presence of several large scale manufacturers in this sector will also contribute to the growth of the overall metalworking fluids market in the foreseeable future.

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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.

Shutdown in Manufacturing Units will have a Negative Impact on Manufacturers during the Covid-19 Pandemic

The rapid spread of the coronavirus in several countries across the world has had a negative impact on several manufacturing units across the world. Due to the strict measures implemented by governments across the world, manufacturing units have come to a standstill. Due to social distancing practices, there has been a shortage in man power and labor across the world. This has had an adverse effect on manufacturers in the metalworking fluids sector across the world. Accounting to the adverse effects of the pandemic on the market, companies might look to implement newer strategies once the pandemic is over, with the aim of recovering the economic losses. 

List of companies profiled in the report:

• Houghton International Inc. (U.S.)
• Castrol (UK)
• Chevron Phillips Chemical (U.S.)
• Exxon Mobil Corporation (U.S.)
• Total S.A. (France) 
• Lubrizol (U.S.)
• Quaker Chemical Corporation (U.S.)
• Henkel (Germany)
• Fuchs Petrolub SE (Germany)
• BP plc. (UK)
• Other

Company Mergers and Acquisitions are an Increasing Trend Among Industrial Manufacturing Companies and Fluid Manufacturers

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the massive demand for metalworking fluids across the world, there have been several company mergers and acquisitions in recent times. Due to healthy market competition, large scale companies are looking to acquire start-ups as well as SMEs with the aim of establishing a stronghold in the market. In August 2020, Quaker Chemical Corporation announced that it has completed the acquisition of Lubricor Inc. The latter is a manufacturer of and metalworking fluids that have been categorized for use in industrial machinery and equipment. This acquisition will not just help the company grow but will also influence the growth of the overall market in the coming years. The report highlights a few other company mergers of recent times and discusses their impact on the global market.

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Industry Developments:

July 2016: Houghton International Inc., a subsidiary of Hinduja Group, announced that it has acquired Wallover Enterprises. The company is a manufacturer based in Ohio.

Asia Pacific to Emerge Dominant; Increasing Manufacturing Units to Emerge in Favor of Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of industrial manufacturing units in countries such as India and China will have a massive impact on the growth of the regional market. The presence of several large scale metalworking fluids manufacturers in these countries is consequential to the increasing demand for several resources. This is mainly attributable to the increasing population across the region. As of 2019, the market in Asia Pacific was worth USD 4.11 billion and this value is projected to rise at a considerable pace in the coming years. 

Key Players Assessment in this Research:

• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in this market
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.

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High-Density Polyethylene Resins Market Trends and Explored in Latest Research Report by 2027 | High-Density Polyethylene Resins Industry Global Trends

 The global high-density polyethylene (HDPE) resins market is expected to gain impetus from their increasing usage in the food packaging industry worldwide. They are capable of providing longer shelf lives to food products, as well as reduce spoilage. This information is given by Fortune Business Insights™The study further mentions that the HDPE resins market size was USD 52,389 Million in 2019. It is projected to reach USD 68,297 Million by 2027, exhibiting a CAGR of 4.96% during the forecast period.

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This Report Answers the Following Questions:

• What are the market drivers, hindrances, and dynamics?
• Which region is set to dominate the market in the near future?
• How will the key players generate more sales amid the COVID-19 pandemic?
• Which segment is expected to remain in the leading position in the coming years?

Drivers & Restraints-

Increasing Usage of HDPE Resins in Manufacturing Sheets and Films will Boost Growth

High-density polyethylene resins are used to manufacture sheets and films worldwide. These are further utilized to produce industrial liners, refuse sacks, wrappings, and carrier bags. Also, the increasing penetration of the Internet, food delivery services, and online shopping platforms in the developing economies across the globe would affect the high-density polyethylene resins market growth in the near future. However, the availability of substitutes, such as polyethylene terephthalate (PET) may hamper growth.

Segment-

Packaging Segment to Grow Rapidly Fueled by Usage in Plastic Bottles & Tubing

Based on end-use industry, the market is fragmented into automotive, building & construction, agriculture, packaging, and others. Out of these, the packaging segment held 47.30% HDPE resins market share in 2019 attributable to the increasing usage of the material for manufacturing corrosion-resistant tubing, plastic lumber, and plastic bottles. HDPE resins also have numerous beneficial properties, such as outstanding chemical resistance, compressive strength, and low temperature.

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Regional Analysis-

High Demand for Packaging from Various Sectors to Favor Growth in North America

Geographically, North America procured USD 8,853.88 million in 2019 in terms of revenue on account of the presence of major consumer industries in the region. Also, the increasing demand for packaging from various sectors, such as chemicals, food and beverages, and healthcare are expected to aid growth. Asia Pacific, on the other hand, is set to be the fastest growing region in the coming years in terms of production and consumption. Majority of the HDPE resins manufacturers are based in this region. Europe would exhibit a steady growth backed by the increasing competition between manufacturers.

Competitive Landscape-

Key Players Focus on Constructing Novel Plants to Surge Production Capacity

The global market includes several large, medium, and small companies that are increasingly investing in developing advanced plants to surge production capacity. This way, they will not only be able to fulfill the rising demand, but also strengthen their positions. Below are two latest industry developments:

• June 2019: Qatar Petroleum and Chevron Phillips Chemical Company LLC entered into an agreement to jointly develop a new plant in the Gulf Coast region, U.S. The new petrochemical plant would include two 1,000 KTA high-density polyethylene units and a 2,000 KTA ethylene cracker.
• April 2019: PetroChina is set to use LyondellBasell’s Hostalen ‘Advanced Cascade Process’ technology to produce 1,100,000 metric tons of HDPE resins per year. The new unit will be able to fulfill the demand from its consumers.

Fortune Business Insights™ lists out the names of all the renowned HDPE resins manufacturers present in the global market. They are as follows:

• Total S.A. (France)
• Dow Inc. (U.S.)
• ExxonMobil Corporation (U.S.)
• INEOS Group Holdings S.A. (UK)
• SABIC (Saudi Arabia)
• LG Chem (South Korea)
• LyondellBasell Industries N.V. (The Netherlands)
• Eni SpA (Italy)
• Braskem (Brazil)
• Chevron Phillips Chemical Company LLC (U.S.)
• PetroChina Company Limited (China)
• Indian Oil Corporation Ltd (India)
• Reliance Industries Limited (India)
• Formosa Plastics Corporation (Taiwan)
• Others

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Lactic Acid Market Estimated to Flourish at by 2028 in Japan

Global lactic acid market size was USD 1.18 billion in 2020. The market is projected to grow from USD 1.28 billion in 2021 to USD 2.43 billion in 2028 at a CAGR of 9.6% during the 2021-2028 period.

According to our researchers, lactic acid or 2-Hydroxypropanoic acid is a natural biological acid with several applications in the food, pharmaceutical, chemical, cosmetic, and medical industries. It is formed by fermenting sugar acquired from renewable means, terming it as an eco-friendly creation. The product is generally utilized in polylactic acid (PLA) formation, a compostable thermoplastic and recyclable polymer created from renewable mediums.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Lactic Acid Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Lactic Acid Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity.

 List of Key Players Covered in Lactic Acid Market Report are: 

• BASF SE (Ludwigshafen, Germany)
• Corbion (The Netherlands)
• NatureWorks LLC (Minnesota, U.S.)
• CELLULAC (London, U.K.)
• Galactic (Escanaffles, Belgium)
• Sulzer Ltd (Winterthur, Switzerland)
• GODAVARI BIOREFINERIES LTD. (Mumbai, India)
• Cargill, Incorporated (Minnesota, U.S.)
• Kemin Industries, Inc. (Iowa, U.S.)
• Henan Jindan Lactic Acid Technology Co. Ltd (Hertogenbosch, The Netherlands)

Report Coverage

The market report provides a rounded evaluation of the market segments. A wide-ranging study of the modern trends and impending opportunities in the market is offered in the report. It offers an exhaustive analysis of the regional insights and how they form the market in particular regions. The impact of the COVID-19 pandemic is mentioned for further comprehension of the conceivable threats in the market. The proficient strategies of the best players and how they accelerate the market growth are discussed in the following report

 

Drivers and Restraints

Growing Cosmetic and Personal Care Industry to Drive Market Growth

Lactic acid is used as a humectant, exfoliator, pH adjuster, and skin prepping agent in various beautifying and personal maintenance products. It smoothens, revitalizes, and sets an even skin texture while appearing firmer. It aids in declining the look of acne spots, wrinkles, and fine lines on the skin. Additionally, the product is incorporated in hair products because of its capability to reinforce fragile hair. Moreover, the upsurge in user consciousness and augmented disposable income are anticipated to amplify the demand for cosmetics and individual maintenance products and further thrust the market development.

Moreover, the promptly increasing number of social media handlers, tailored ads, and celebrated social influencers recommending several cosmetic products through these mediums are expected to boost cosmetic and personal care products sales. Further, brands with online websites and e-commerce businesses such as Alibaba Express and Amazon have amplified online shopping, which, in turn, may bolster the demand for cosmetic and personal care products. This factor may boost the lactic acid market growth in the long term.

Segmentation

Based on raw materials, the global market is segregated into sugarcane, corn, yeast extract, and others. In terms of region, the market is bifurcated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Based on application, the market is classified into PLA, food & beverages, cosmetics & personal care, pharmaceutical, and others. PLA application segment is expected to be responsible for the principal market share during the mentioned period. PLA is a biodegradable thermoplastic polymer acquired from the fermentation of renewable resources such as sugarcane, cassava, corn, cassava, and potato.

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Regional Insights

Rising Demand for Acid from Several Industries to Bolster Market Growth in North America

North America held the largest lactic acid market share and controlled the global market in 2020. Rising demand for acid from the food & beverage, pharmaceutical, and cosmetics industries. The pharmaceutical segment is expected to develop as an outcome of R&D and developments in drug transfer systems. These improvements are then estimated to fuel the market growth.

Europe is projected to display substantial development owing to increasing demand from the bioplastic industry. Escalating worries regarding the harmful impacts and ecological destruction of non-biodegradable plastics and ecological destruction is estimated to upsurge the demand for biodegradable plastics as a substitute.

The Asia Pacific region is predicted to observe a considerable growth rate due to intensifying demand from the food & beverages industry. The requirement for food and beverage goods is further estimated to inflate as people's purchasing power and living standards progress.

Competitive Landscape

Bulk Development Strategies Applied by Players to Maintain Market Position

Most of the crucial players are financing the acid's R&D activities to transform novel and reputable technologies. For example, in April 2019, Asahi Group, a Japanese brewery business, introduced the Asahi Quality and Innovations Co. (AQI) as it pursues to progress its proficiency in yeast and LAB and implement novel digital technologies. This R&D is expected to advance novel health food elements, generate fresh business, and decrease the general ecological impact.

Key Industry Development

• June 202: Praj Industries Ltd. and Lygos, Inc. signed a Memorandum of Understanding (MOU) to develop the registered yeast of Lygos for the creation of the acid jointly.

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Solvents Market Outlook: Key Futuristic Trends and Competitive Landscape by 2029 in Japan

 The global solvents market size is projected to reach USD 67,837.8 million by 2028, exhibiting a CAGR of 6.0% during the forecast period. Fortune Business Insights in its report, titled “Solvents Market, 2021-2028”, states that the value of this market stood at USD 43,845.7 million in 2020.

With the paints & coatings industry reeling from the effects of the economic fallout caused by the COVID-19 pandemic, the solvents market growth is facing a notable decline. The primary reasons for this market’s truncated growth in 2020 include the massive shortage of factory workers, closure of manufacturing facilities, and shrinking availability of raw materials. In 2020, the market’s growth rate fell by 2.96% and it is predicted to reach USD 45,058.8 million in 2021.

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AGC Chemicals Develops Eco-friendly Solutions for Cleaning Medical Devices

In March 2020, AGC Chemicals Americas announced the development and launch of AsahiKlin™ AE-3000 and AMOLEA™ AT2, the company’s newest fluorinated solvents. The novel offerings have been formulated to enable manufacturers to adhere to the stringent environmental regulations for the precision cleaning of medical devices. With traditional solvents such as n-propyl bromide and trichloroethylene being investigated by the US Environmental Agency for potential risks, AGC’s new formulations can function as the perfect alternative solutions for the manufacturing of chemicals for various end-use applications. Moreover, the solutions have no ozone depletion properties, low surface tension, and low global warming potential, making them ideal for cleaning a wide range of critical medical devices.

Increasing Demand for Paints & Coatings to Propel the Market

Paints and coatings are critical components in construction and building operations. With construction and infrastructure development activities gathering rapid momentum around the globe, the application areas of paints and coatings are speedily widening. For example, a study by Oxford Economics forecasts that the output value of construction activities will surge by 85% through 2030, reaching USD 15.5 trillion. This growth will be led by the intensifying demand for buildings & constructions in China, India, and the U.S. Solvents are highly useful in preventing the formation of clumps and globs in paints, while their cost-effectiveness, durability, and temperature resistance make them suitable in the formulation of coatings. Thus, the incredible growth of the construction industry will spawn spectacular opportunities for specialty chemicals in the forthcoming decade. 

Industrial Cleaning Segment to Showcase Promising Progress

On the basis of application, the market has been divided into paints & coatings, printing inks, industrial cleaning, adhesives, and others. Among these, the industrial cleaning segment is expected to display excellent growth prospects as solvents are extensively deployed in industrial settings to remove dirt, dust, and oil remnants that gather on surfaces and crevices of machines, equipment, and the shop floor. In 2020, this segment held a share of 14.0% in the global market and a share of 13.6% in the China market.

Based on product type, the market is categorized into alcohols, ketones, esters, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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Asia Pacific to Headline the Market with a Size of USD 17,676.7 Million

Asia Pacific is anticipated to dictate the solvents market share during the forecast period, mainly on account of the enormous investments in infrastructure development projects by China and India. Furthermore, the exponential growth in the region’s construction industry will further accelerate the expansion of the market. The Asia Pacific market size stood at USD 17,676.7 million in 2020.

In Europe, the increasing preference for bio-based chemicals in critical industries will fuel the regional market, while the rising demand for oxygenated solvents is foreseen to aid market growth in Latin America.

 

Leading Companies to Focus on Diversifying Portfolios & Augmenting Revenues

Key chemical companies are making strategic investments to ramp up their spending on research & development activities and engineer innovative solvent solutions for industrial applications. The aim behind these investments is to speed up the diversification of their portfolios that will not only cement their position in the market but also help them widen their revenue streams, paving the way for future investments.

Industry Development

April 2019: Braskem released its maiden partially renewable solvent derived from sugarcane ethanol. Named HE-70S, the product contains bio-based carbon, designed for use in ceramics, furniture, and footwear industries, and will expand the company’s oxygenated chemicals portfolio.

List of Key Players Covered in this Market Report

• INEOS Group AG (The UK)
• Celanese Corporation (The U.S.)
• BASF SE (Germany)
• LyondellBasell Industries Holdings B.V. (The Netherlands)
• Royal Dutch Shell Plc (The Netherlands)
• Gandhar Oil (India)
• Honeywell International Inc. (The US)
• ExxonMobil Corporation (The U.S.)
• Ashland Global Holdings Inc. (The U.S.)
• Eastman Chemical Company (U.S.)

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Tinted Laminated Glass Market Size, Global Demand & Upcoming Trends Forecast 2019-2029 | By Application, Construction Segment Held Dominant Market Share During 2021

 The global tinted laminated glass market size reached USD 7.68 billion in 2021. The market value is projected to rise from USD 8.02 billion in 2022 to USD 12.33 billion by 2029, registering a CAGR of 6.3% during 2022-2029. To increase the absorption capabilities of final glass goods, laminated glass is colored with various colors. The tinting procedure also improves the aesthetic appeal, which aids in attracting customer attention for a range of end uses. Polyvinyl Butyral (PVB) or SentryGlas Plus (SGP) interlayers are sandwiched between two tinted glass panes to create these glasses. The outside glass pane shatters during impact while the inside panes are protected. These products are an excellent choice for construction, automotive, and furniture applications due to their safety features, says Fortune Business Insights™ in its report titled “Tinted Laminated Glass Market, 2022-2029”.

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COVID-19 Led to Slowdown of Automotive and Construction Sectors

Due to halted construction operations and crippled car production, glass manufacturing enterprises, as well as those manufacturing flat glass, had to curtail their production. In order to protect their employees, companies in the glass manufacturing industry have to implement additional safety measures and maintain COVID-19-compliant behavior. China is one of the world's largest producers of glass, including tinted laminated glass. Manufacturing enterprises had to deal with considerable swings in demand, production downtime, and logistical delays as a result of the restrictions imposed during the pandemic, as well as trade tensions between the U.S. and China. Manufacturers and other connected companies have struggled to maintain consistent production and distribution networks since the outbreak began.  

Segments

By Application, Construction Segment Held Dominant Market Share During 2021

In terms of application, the market is divided into automotive, construction, and others. Among these, the construction segment is expected to dominate the market and register the fastest growth as compared to other segments during forecast period. Over the years, increasing urbanization has created positive environment for growth of all applications such as building construction, automotive manufacturing, furniture, and others. Increasing consumer spending on modern architecture as well as refurbishing activities is boosting demand for high quality & aesthetically appealing products for doors, windows, and decorative applications.

Report Coverage

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into the regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments such as product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Increasing Application in Automotive Sector to Augment Growth

Due to rapidly growing population, developing economies, such as China and India, are expected to see a surge in demand for mobility solutions during the forecast period. Consumer spending power in developing economies is expected to rise, resulting in increased demand for both commercial and passenger automobiles. Safety standard is one of the key reasons affecting the demand for laminated glasses, aside from performance and comfort. Automakers are using novel materials, such as tinted laminated glass, to boost safety standards in their automobile. As a result, the tinted laminated glass market growth is expected to be fueled by increased adoption of electric vehicles as well as increased emphasis on safety requirements in the automotive industry.

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Regional Insights

Asia Pacific to Dominate Market Share Led by Expanding Construction Sector

Asia Pacific dominated the global tinted laminated glass market share in 2021, with a value of USD 4.59 billion. Attributed to the flourishing building activity in both developed and developing countries in Asia Pacific, the region is also predicted to grow rapidly during the forecast period.

The U.S. had the majority of the market share in North America, owing to its well-established construction and automobile industries. Demand for innovative products, such as colored laminated glass, is increasing as a result of technological improvements in both industries.

Due to rigorous government requirements, the demand for sustainable and environment-friendly building supplies is likely to rise throughout Europe. 

Competitive Landscape:

Market Players Focus on Strengthening Supply Chains to Remain Competitive

A small number of significant market players dominate the global market. Tinted laminated glass adds value to regular glass production. Existing glass manufacturing companies can simply take use of this to execute vertical integration. Furthermore, businesses are investing in R&D to improve their products. As a result, the market growth is aided by strong competition among companies. Local players are concentrating on improving their supply chains by getting into long-term contracts with distributors and directly with architects or automotive manufacturing companies to differentiate themselves from the competition.

Key Industry Development:

February 2022: Polar Glass OÜ, a subsidiary of Barrus AS, agreed to buy Saint-Gobain's glass processing business in Estonia. The sale is one of the many divestitures the group has made in Europe for its glass processing business since 2018.

List of Key Players Covered in the Report:

• Saint-Gobain (France)
• AGC Inc. (Japan)
• Guardian Industries Holdings (U.S.)
• Noval Glass (China)
• PFG Glass (Canada)
• Beijing Northglass Technologies Co., Ltd. (China)
• CARDINAL GLASS INDUSTRIES, INC. (U.S.)

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Japan Automotive Ceramics Market Growth, Huge demand in Future

 (Latest Industry Updated Report) “Japan Automotive Ceramics Market” Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each market sector is examined in depth in the Market Research Intellect, including goods, applications, and competitive analysis. The data used for this report is obtained from reliable industry sources, paid resources, and validated sources. This research works as a systematic guideline for marketers to make well-informed decisions.

Key players in the  Japan Automotive Ceramics market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  Japan Automotive Ceramics Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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The Japan Automotive Ceramics market size is expected to gain momentum by reaching USD 2.11 billion till 2027 while exhibiting a CAGR of 5.2% between 2020 and 2027. This is attributable to the increasing focus on producing advanced ceramics by manufacturers across the globe during the forecast period. Fortune Business Insights, in its latest report, titled “Japan Automotive Ceramics Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027,” mentions that the market was worth USD 1.47 billion in 2019.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the Japan Automotive Ceramics market. The study assesses the market size of the Japan Automotive Ceramics industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

The list of Top Key Players in the Japan Automotive Ceramics Market Report is

Key Companies Covered are CeramTec (Germany), IBIDEN (Japan), KYOCERA Corporation (Japan), NGK SPARK PLUGS (INDIA) PVT. LTD. (Japan), CoorsTek Inc. (U.S.), Morgan Advanced Materials (UK), Corning Incorporated (U.S.), Saint-Gobain Ceramics (U.S.), Elan Technology (U.S.), Ceradyne, Inc. (U.S.)

Best Features of the Report:

•  Detailed analysis of the Japan Automotive Ceramics Market
•  Fluctuating market dynamics of the industry
•  Detailed market segmentation
•  Historical, current, and projected market size in terms of volume and value
•  Recent industry trends and developments
•  Competitive landscape of the Japan Automotive Ceramics Market
•  Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth

Having a complete and in-depth analysis of market dynamics, market status, and competitive situation, which helps in obtaining in-depth facts about the industry. The Japan Automotive Ceramics report shows how the market is expected to grow in the near future. All-powerful industry verticals of the Japan Automotive Ceramics industry are featured in this study such as product type, applications, and geographies. Japan Automotive Ceramics industry trends will present market drivers, restraints, and growth opportunities.

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Countries Mentioned in the Japan Automotive Ceramics Market Report:

➼ North America (United States, Canada, Europe, Germany, France, U.K., Italy, Russia)

➼ Europe (Germany, France, United Kingdom)

➼ Asia-Pacific (China, Japan, South Korea, Australia, Taiwan, Indonesia, Thailand, Malaysia)

➼ Latin America (Mexico, Brazil, Argentina, Colombia)

The report studies the Japan Automotive Ceramics Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Japan Automotive Ceramics Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding Japan Automotive Ceramics Market dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Japan Automotive Ceramics research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Major Points from Table of Contents:

1. Japan Automotive Ceramics Market Overview
2. Japan Automotive Ceramics Market Competitive Landscape
3. Japan Automotive Ceramics Market Scenario by Region
4. Cost Analysis
5. Marketing Channel, Distributors, and Customers
6. Japan Automotive Ceramics Market Dynamics
7. Market Forecast
8. Research Finding and Conclusion
9. Methodology and Data Source

Frequently Asked Questions [FAQ] :

1. What is the scope of this report?

⇨ The Japan Automotive Ceramics report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.

2. Does this report estimate the current market size?

⇨ The report efficiently evaluates the current market size and provides a Japan Automotive Ceramics industry forecast. The market was valued at x Million US$ in 2021 and is expected to grow at a CAGR of x% during the period 2022-2029.

3. Does the report provides Market Size in terms of - Value (US$ Mn) and Volume (thousand ton / metric ton / cubic meter) of the market?

⇨ The report efficiently evaluates the current market size and provides a forecast for the industry in terms of Value (US$ Mn) and Volume (thousand ton / metric ton / cubic meter).

4. Which Japan Automotive Ceramics segments are covered in this report?

⇨ The market is segmented by Product Types, Applications, Technology, End-use Industries, Distribution channel, and Regions.

5. What are the key factors covered in this report?

⇨ The report presents the current market size, and market forecast, market opportunities, key drivers and restraints, regulatory scenario, industry trend, PESTLE analysis, PORTER's analysis, new product approvals/launch, promotion and marketing initiatives, pricing analysis, export-import analysis, trade analysis, a competitive landscape which help businesses in decision making. The analysis data is based on current and historical market trends which help in investment-related decisions.

6. Does this report offer customization?

⇨ Custom research is a crucial component of the business strategy which helps any organization gain insight into the specific business sectors, aligned with a specific area of interest.

Thus, FBI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

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