Magnesium Market Size, Growth Insight, Share, Emerging Technologies, Share, Regional, Industry Forecast To 2029

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.

How Did We Create This Report For You?

We follow an innovative research methodology that includesdata triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. The data used to estimate the forecast for various segments at the country, regional, and global levels is collected through interviews with various leading stakeholders. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report includes several details, such as drivers, opportunities, challenges, and dynamics of the market.

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A list of all the renowned magnesium manufacturers operating in the global market:

• NIPPON KINZOKU CO., LTD. (Japan)
• Latrobe Magnesium (Australia) 
• Alliance Magnesium Inc. (Canada)
• US Magnesium LLC (U.S.)
• Regal Magnesium Co. Ltd. (China)
• Dead Sea Magnesium Ltd. (UK)
• RIMA Group (Italy)
• WenxiYinGuang Magnesium Industry (Group) Co., Ltd. (China)
• Magontec Ltd (Australia)
• MagOne Products (Canada)
• WHY Resources (Canada)
• Other Players

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.

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銅線市場のトップメーカー、シェアレポート、サイズ、地域分析、および2029年までの世界予測

 世界の銅線市場規模は、自動車産業からの需要の増加により、大幅な成長が見込まれています。銅線は可鍛性があり、融点が高く、可塑性があるため、電気の最良の導体と見なされています。銅線のその他の特性には、熱伝導性と電気伝導性、耐腐食性、高い延性、および流体圧力に耐える能力が含まれます。 Fortune Business Insights による最近のレポートは、市場と将来の成長見通しに関する洞察を提供します。

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レポートの範囲は何ですか?

このレポートは、ドライバー、今後の機会、制約、課題などの主要な成長促進要因とともに、市場の詳細な概要を提供します。市場セグメンテーションの詳細と、主要なセグメントの名前と、要因が示されています。これに加えて、レポートはプレーヤーのリストと、彼らがライオンの分け前に貢献するために採用した主な戦略を提供します.さらに、このレポートは、主要な業界の発展、現在の傾向、およびその他の興味深い洞察を提供します。このレポートは、同社の Web サイトで販売されています。

市場ドライバー

エレクトロニクスでのアプリケーションの増加は、市場の拡大に役立ちます

電力需要の増加は、銅線市場の成長を促進する主な要因です。これに加えて、需要や家電の増加も、予測期間の市場を後押しします。さらに、自動車の設計および製造用の銅線の用途の増加は、成長を促進すると予想されます。

それどころか、アルミニウムなどの代替品の存在は、今後数年間で市場に大きな課題を引き起こす可能性があります.それにもかかわらず、優れた熱伝導性と電気伝導性、引張強度、耐腐食性、延性、可塑性などの銅線の物理的特性は、今後数年間でさまざまなエンドユーザー企業からの需要を促進する可能性があります.

地域のセグメンテーション

電子製品でのアプリケーションの増加により、アジア太平洋地域が市場をリード

地域分類に基づいて、アジア太平洋地域は、電子製品のアプリケーションの増加に起因する支配的な銅線市場シェアを保持しています。これに続いて北米が続き、送電および配電に対する建設業界からの需要の増加により、予測期間が大幅に伸びることがさらに予想されます。これに加えて、ヨーロッパの市場は、自動車産業での広範なアプリケーションにより、顕著なシェアに貢献する可能性があります。銅線は、車両全体の重量を軽減するために自動車に使用されているため、効率、快適性、安全性、および車両の全体的なデザインとともに、燃費を向上させます。したがって、銅が自動車製造の主要な構成要素を形成するという事実は、近い将来、その需要を増加させ、それによって市場を拡大するでしょう。さらに、ラテンアメリカ、中東、アフリカの市場では、予測期間の成長が鈍化する可能性があります。

競争環境

より良い収益を生み出すために製品の品質を向上させることに焦点を当てているプレーヤー

この市場で活動している主要なプレーヤーは、合弁事業、契約と合意、パートナーシップ、合併と買収、および市場競争で強力な地位を獲得するためのその他の共同作業に取り組んでいます。彼らはまた、さまざまな民間および公共部門で使用するために、既存のケーブルの品質と生産能力を向上させるために多額の投資を行っています。ベンダーによるこのようなイニシアチブは、今後数年間で市場全体に高い収益をもたらす可能性があります。

銅線市場メーカーのリストは次のとおりです。

ゼネラル ケーブル テクノロジーズ コーポレーション

アビバ金属

アラン ワイヤー カンパニー

Tongling Jingda Electromagnetic Wire Co.、Ltd.

ネクサンズ

SHカッパープロダクツ株式会社

プリズミアングループ

ルバタ

住友電気工業株式会社

寧波JINTIANの銅(グループ) CO.、株式会社。

株式会社タトゥン

他のプレイヤー

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Injection Molded Plastics Market Size Report 2021, Recent Trends, Share, and Growth forecast to 2027

The global injection molded plastics market is expected to gain momentum from their rising applications in a wide variety of industries, such as medical, electrical & electronics, building & construction, packaging, and automotive. Fortune Business Insights™ provided this information in a new report, titled, “Injection Molded Plastics Market Size, Share & Industry Analysis, By Resin Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), High-density polyethylene (HDPE), Polystyrene (PS), and Others), By Application (Automotive, Packaging, Building & Construction, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The report further states that the injection molded plastics market size stood at USD 360.06 billion in 2019 and it is projected to reach USD 498.98 billion by 2027, exhibiting a CAGR of 4.80% during the forecast period.

The outbreak of the COVID-19 pandemic is likely to cause a mixed growth for the market. The demand for injection molded plastics would decline from electrical & electronics, building & construction, and automotive industries. But, it would surge from the medical and packaging industries. We are delivering special research reports to help you regain business confidence at such a difficult phase.

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This Report Answers the Following Questions:

• What are the market growth drivers, hindrances, and dynamics?
• Which region and segment would dominate the market in the coming years?
• Which companies would lead the market by generating the largest revenue?
• How will the companies increase sales of injection molded plastics amid the COVID-19 pandemic?

Drivers & Restraints-

Increasing Usage in Food & Beverages Industry to Drive Growth

Injection molded plastics are nowadays being majorly used in packaging applications. It is experiencing high demand from the food and beverage industry as the material is capable of keeping food items safe. They are extensively used to manufacture bottles, containers, closures, and caps. A container made with injection molded plastic is lead-resistant and clear. Therefore, it keeps food and beverages fresh for a longer period of time. At the same time, these plastics are microwavable, washable, and reusable. These factors are set to propel the injection molded plastics market growth in the coming years.

Segment-

Packaging Segment to Grow Considerably Stoked by Increasing Demand from People

Based on application, the packaging segment held 35.59% in terms of injection molded plastics market share in 2019. The retail, pharmaceutical, and food & beverages applications are the main contributors to growth. This is because people are rapidly shifting towards plastic packaging from metal and glass ones.

Regional Analysis-

Asia Pacific to Remain at Forefront Owing to High Population & Urbanization

In 2019, North America procured USD 51.11 billion in terms of revenue. The growth in this region is attributable to the presence of several reputed companies, as well as the increasing demand from the electronics and packaging industries. Asia Pacific is expected to dominate throughout the forthcoming years, with China being the major contributor. Rapid urbanization and increasing population would help the market for injection molded plastics in this region to grow.

Competitive Landscape-

Key Players Aim to Broaden Their Existing Facilities to Intensify Competition

Most of the companies present in the market for injection molded plastics are located in Asia Pacific. Those situated in Europe and North America are striving to strengthen their positions by expanding their existing facilities. Below is one of the latest industry developments:

• September 2019: Toshiba Corporation broadened its U.S. Injection Molding Division. It has shifted to a 58,000 ft2 facility that includes powering up machines for complete inspections of machines, delivering special options on custom orders, making software updates, and conducting test runs.

Fortune Business Insights™ presents a list of all the renowned injection molded plastics manufacturers operating in the market. They are as follows:

• BASF SE
• Dow Inc.
• DuPont
• HTI Plastics
• Valder Kunststoffverarbeitungs GmbH
• LyondellBasell
• Toshiba Corporation
• Coastal Plastic Molding, Inc.
• Huntsman Corporation
• Magna International Inc.
• Others

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Japan Styrenic Block Copolymer Market Competitive Landscape Key Players’ Strategies and Product Portfolio

 In a recently published report by Fortune Business Insights™, titled, "Japan Styrenic Block Copolymer Market Report 2022", the analysts have provided an in-depth overview of the Japan Styrenic Block Copolymer Market. The report is an all-inclusive research study of the Japan Styrenic Block Copolymer market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The global Japan Styrenic Block Copolymer (SBC) market size is projected to reach USD 10,010.5 million by 2028. The automotive industry has started replacing flexible plastics and thermoset rubber with TPEs. SBCs are also used in consumer electronics and everyday goods because of their robust balance between mechanical efficiency, durability, and moldability. Fortune Business Insights™ published this information in a new report, titled, “Japan Styrenic Block Copolymer (SBC) Market, 2021-2028.” The report further states that the market stood at USD 7,163.6 million in 2020. It is set to exhibit a CAGR of 4.2% during the forecast period between 2021-2028.

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 market. The study assesses the market size of the 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.

Key Players in the Japan Styrenic Block Copolymer Market Report:

companies covered are Versalis S.p.A. (San Donato Milanese, Italy), KRATON CORPORATION (Texas, U.S.), Eastman Chemical Company (Tennessee, U.S.), TSRC (Taiwan, China), Cray Valley (Pennsylvania, U.S.), RTP Company (RTP Company, U.S.), Avient (Ohio, U.S.), HEXPOL AB (Malmö, Sweden), Asahi Kasei Corporation (Tokyo, Japan), BASF SE (Ludwigshafen, USy), ZEON CORPORATION (Tokyo, Japan), INEOS Styrolution Group GmbH (Frankfurt am Main, USy), Denka Company Limited (Tokyo, Japan), JSR Corporation (Tokyo, Japan), China Petrochemical Corporation (Beijing, China), and other key players profiled in Japan Styrenic Block Copolymer market research report

Most Important Features in this Report:

1. Detailed market study of the Japan Styrenic Block Copolymer market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The Japan Styrenic Block Copolymer Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

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Regional Segmentation of the Japan Styrenic Block Copolymer Market:

The Japan Styrenic Block Copolymer research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the Japan Styrenic Block Copolymer 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 Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global Japan Styrenic Block Copolymer Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global Japan Styrenic Block Copolymer Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global Japan Styrenic Block Copolymer Market Industry Analysis
Chapter 5. Market by Type
Chapter 6. Market by Application
Chapter 7. Market Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Aluminum Foil Market Research Report: Industry Analysis and Forecast to 2029

 The global Aluminum Foil Market is likely to experience dynamic growth in the forthcoming years as a result of rapid innovations and technological advancements, along with speedy globalization.  The Aluminum Foil Market size is forecasted to reach USD by 2029. According to a report published by Fortune Business Insights, titled “Aluminum Foil Market Size, Share & Industry Analysis, By Application (Packaging {Food & Beverages, Pharmaceuticals, Others} Insulation, Technical, Others) and Regional Forecast, 2022-2029

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The chemical industry has undergone tremendous changes over the past decade. Armed with an extensive and diverse range of products, the industry has found prolific success in developing as well as developed economies. Post the economic recession of 2007, this industry has grown at a steady pace. Spreading awareness about environmental issues and evolving consumer preferences are positively impacting this industry.  As per the European Chemical Industry Council, the demand and consumption of chemicals in Europe is anticipated to increase. Targeted investments in R&D for developing novel chemical-based products are likely to feed the proliferation of factories and other industrial units. Furthermore, the surging demand for chemicals is a consequence of increasing consumer spending. Employment in this sector is also expanding at a rapid rate, which in turn is expected to generate several growth opportunities.  These factors are thus expected to drive the Aluminum Foil Market in the forthcoming years.

Digitization is an emerging trend in the chemical industry, which is driving the Aluminum Foil Market. Digital tools will help companies to collect and analyse important and relevant data and draw valuable insights, thereby enabling them to make more informed and better quality decisions. Advanced technologies such as machine learning (ML), artificial intelligence (AI), Internet of Things (IoT), blockchain, and others are envisaged to disrupt the present governing dynamics of the Aluminum Foil Market. Increasing urbanization and globalization, especially in emerging economies, is further supporting the expansion of the Aluminum Foil Market.

However, the Aluminum Foil Market growth is likely to be hindered by the COVID-19 pandemic as lockdowns, social distancing, and trade restrictions have caused massive disturbances in the global supply chain networks. Production operations have slowed down as plants and factories are being forced to function with a reduced workforce. Together, these factors have shrunk the revenues of key players in this market, which will inevitably hamper investments in the market. Nonetheless, certain companies will also experience exponential growth owing to the escalating demand for packaged medical and pharmaceutical products, personal protective equipment, and packaged food & beverage items.

As per the report, is anticipated to dominate the Aluminum Foil Market share throughout the forecast period. Besides this, the report profiles some of the key players operating in the Aluminum Foil Market.

Given below is the list of key players covered in the report:

• Zhangjiagang Fineness Aluminum Foil Co. Ltd.,
• Zhengzhou Keyuan Non-ferrous Metal Materials Co. Ltd.,
• VWR International LLC,
• All-foils, Inc.,
• Aleris Corporation,
• Reynolds Group Holdings Limited,
• Carcano Antonio S.p.A.,
• Hindalco Industries Ltd.,
• Amcor plc,
• Plus Pack AS,
• Laminazione Sottile S.p.A.,
• Loften Foil Co.,
• Aluflexpack AG,
• Constantia Flexibles,
• Icont, Aleuro Converting SP. Z.O.O.,
• Grupo Cuatrogasa,
• Alufix,
• Cofresco, and Sphere

Research Methodology

The Aluminum Foil Market report offers an in-depth evaluation of the chemical industry and the demand drivers for chemicals by highlighting information on several aspects of the market, including drivers, trends, opportunities, and challenges. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers. These advancements will help companies to gain decisive advantage in the competitive landscape of the market. Companies are also adopting diverse strategies to stay ahead of their competitors. These strategies include: mergers and acquisitions, partnerships, collaborations, and new product developments, among others. 

The information has been gathered through primary and secondary sources, comprising of interviews from several industry experts and professionals. Secondary sources such as press releases, information from recognized institutes, and other collaterals have been utilized to holistically analyze the industry. Further, top-down and bottom-up approaches have also been employed to ensure 360-degree assessment.

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Protective Clothing Market Emerging Trends and Will Generate New Growth Opportunities Status 2029

 As per study by Fortune Business Insights™, the global protective clothing market is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.

 

This Report Answers the Following Questions:

• Which strategies are adopted by companies to intensify competition?
• Which segment is likely to gain the maximum share in the coming years?
• What are the challenges and opportunities that the market may come across in future?
• What are the growth drivers and hindrances in the market?

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

• Honeywell International Inc. (U.S.)
• Lakeland Inc. (U.S.)
• W. L. Gore & Associates, Inc. (U.S.)
• PBI Performance Products, Inc. (U.S.)
• TenCate Protective Fabrics (U.S.)
• Kimberly-Clark Corporation (U.S.)
• Ansell Microgard Ltd. (U.K.)
• DuPont (U.S.)
• Bennett Safetywear Ltd. (U.K.)
• TEIJIN LIMITED (Japan)     
• Udyogi (India)
• Sanctum Work Wear Pvt. Ltd. (India)
• Derekduck Industries Corp. (Taiwan)
• Protective Industrial Products (PIP) (U.S.)
• Other prominent companies

 

Drivers & Restraints-

The Effects of Covid-19 Pandemic on the Market

• In the healthcare environment, there is a rising demand for protective clothing to prevent contamination from various sources.
• Healthcare workers are persistently working to control the rate of infection by correctly disposing and laundering the clothing.
• The demand for surgical gowns, coveralls, and isolation gowns has upsurged rapidly from the healthcare sector to prevent the transmission of microorganisms through blood or bodily fluids in themselves, as well as the patients.
• The Directorate General of Health Services, Ministry of Health and Family Welfare, OSHA, and World Health Organization (WHO) implemented new set of rules to be followed by the workers of primary health care centers, quarantine centres, laboratories, point of entries (POEs), and hospitals.

 

Regional Analysis-

North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety

The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China.

 

Segment-

Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment

Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019. 

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Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Emerging Trends – For Major Countries
  • Key Developments: Mergers, Acquisition, Partnership, etc.
  • Latest Technological Advancement
  • Insights on Regulatory Scenario
  • Porters Five Forces Analysis
• Global Protective Clothing Market Analysis, Insights and Forecast, By Product, 2016-2027
  • Key Findings / Summary
  • Global Protective Clothing Market Analysis, Insights and Forecast – By Product
    • Disposable
    • Durable

TOC Continued…!

 

Competitive Landscape-

Key Manufacturers Aim to Enhance Portfolio through Acquisitions

A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better.

 

Below are two of the latest industry developments:

• March 2020: Lakeland Industries, Inc. augmented its previously planned expansion of the manufacturing capacity by 30%. Since the past couple of years, it has invested around USD 6 million to widen its manufacturing footprint into India and Vietnam, increase margins, improve efficiencies, as well as add and update IT systems. The company decided to upsurge production because of the outbreak of Covid-19 pandemic.
• February 2019: Protective Industrial Products, Inc. (PIP) successfully acquired West Chester Protective Gear. This new deal would solidify PIP’s position in the global market in North America. It would be able to deliver the retailers and distributors in the safety industry with a broad product portfolio that includes more flexible solutions.

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Cement Market Share, Size, Expected Growth Opportunities and Forecast by 2027 | Know the Russia Ukraine Impact On Cement Industry in Japan

The global cement market is projected to grow from USD 326.80 billion in 2021 to USD 458.64 billion in 2028. Nowadays, surging concerns of pollution are compelling governments of various countries to put forward norms to encourage companies to use carbon-negative manufacturing techniques. The United Nations Environment Program (UNEP), for instance, urges the utilization and production of new cement-based products that are both affordable and eco-friendly. Fortune Business Insights™ published this information in a report, titled, “Cement Market Size, Share & COVID-19 Impact Analysis, By Type (Portland, Blended, and Others), By Application (Residential, and Non-Residential), and Regional Forecast, 2021-2028.” The report further states that the market stood at USD 313.60 billion in 2020. It is set to exhibit a CAGR of 5.1% during the forecast period in 2021-2028.

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Russia-Ukraine War Implication