Wednesday, October 12, 2022

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

The global aroma chemicals market size is projected to reach USD 6,968.3 million by 2028. As the demand for natural ingredients is increasing, various manufacturers are trying to create novel technologies to prevent environmental damage or pollution. For instance, Privi Speciality Chemicals Limited utilizes agrochemicals from by-products and high-value aroma chemicals from Crude Sulphate Turpentine (CST) to improve eco-friendly operations and reduce emissions. Fortune Business Insights™ published this information in a new study, titled, “Aroma Chemicals Market, 2021-2028.” As per the study, the market stood at USD 4,976.0 million in 2020. It is set to exhibit a CAGR of 4.5% during the forecast period between 2021 to 2028.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Aroma Chemicals 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 Aroma Chemicals 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.

Eternis Fine Chemicals Acquires Tennants Fine Chemicals to Expand Its Product Portfolio

In February 2021, Eternis Fine Chemicals announced the acquisition of Tennants Fine Chemicals, a provider of specialty chemicals based in the U.K. This buyout would help Eternis to leverage multi-location distribution and manufacturing platforms, as well as broaden its range of these type of chemicals. As per one of the company officials, “The 100% acquisition of Tennants would help the former to expand its position in India’s specialty and aroma chemicals industry.”

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Declining Sales of Beauty and Cosmetics Products to Obstruct Growth amid COVID-19

The sales of cosmetics and beauty products have fallen drastically owing to the COVID-19 pandemic across the globe. Givaudan, for instance, declared that the sales of fine fragrances declined by 16.4% during the first half of 2020 backed by closure of retail channels and travel bans. Besides, consumer goods companies mentioned that they experienced mixed financials across numerous divisions. Procter & Gamble (P&G)’s net sales in grooming and beauty segments went down by 3% and 1% in the third quarter of 2020.

Report Coverage-

We have conducted primary and secondary research to gather information about various aspects of this report. Our special interviews with end-user respondents and supply side respondents helped in gaining insights into the average pricing, per capita consumption trend, average spending on products, growth rate, market size, and dynamics. We have also taken information from reputed industry journals, articles, and press releases of organizations operating in the field of aroma chemicals.

Drivers & Restraints-

Rising Need to Maintain Formulations and Quality of Products to Aid Growth

Aroma chemicals are extensively used in toiletries and cosmetics, such as hand washes, lipsticks, gels, shampoos, body lotions, aftershaves, moisturizers, soaps, and others. Manufacturers are striving persistently to maintain the quality and formulations of these products by inducing natural scents. Hence, they are inclining rapidly towards organic ingredients.

However, the Environmental Working Group (EWG) declared that around 75% of fragrance ingredients hidden in the list provided in labels contain phthalates that can cause disruptive hormonal activities, breast cancer, reproductive malformation, and reduction in sperm count. This factor may hinder the aroma chemicals market growth in the near future.

Segments-

Fine Fragrances Segment to Dominate Stoked by Rising Technological Advancements

By source, the market is categorized into synthetic and natural. Based on the product, it is divided into terpenes/terpenoids, benzenoids, musk chemicals, and others. Lastly, by applications, it is fragmented into food & beverages, fine fragrances, cosmetics & toiletries, soaps & detergents, and others. Out of these, the fine fragrances earned 53.18% and 51.62% in terms of the aroma chemicals market share globally and in the U.S. in 2020. This segment is anticipated to remain at the forefront because of the ongoing technological advancements in this field.

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Regional Insights-

Increasing Spending on Premium Perfumes to Help Europe Dominate in Upcoming Years

Regionally, Europe held USD 1,807.3 million in 2020 in terms of revenue. It is anticipated to lead the market in the forthcoming years fueled by the high consumer spending on premium and luxurious perfumes, especially in developed countries, such as Germany, U.K., and France. In North America, the market is set to grow steadily because of the rising health-consciousness among consumers. Asia Pacific would grow significantly in the upcoming years on account of the increasing demand for fragrances in India, Japan, and China.

Competitive Landscape-

Key Companies Aim to Gain Competitive Edge through Acquisitions and New Launches

The global market possesses several renowned companies that are majorly focusing on developing sustainable, premium-quality, and cost-effective products to meet the high demand worldwide. Some of the others are participating in the acquisition strategy to gain a competitive edge. Below is one of the latest industry developments:

  • January 2020: Solvay unveiled a unique high purity synthetic eugenol called Eugenol Synth featuring olfactory properties for fragrance applications. It will act as an alternative to help meet the demand from the flavors & fragrance (F&F) market.

A list of reputed manufacturers present in the global market:

  • Privi Speciality Chemicals Limited (Navi Mumbai, India)
  • BORDAS S.A. (Sevilla, Spain)
  • BASF SE (Ludwigshafen, Germany)
  • DSM (Heerlen, Netherlands)
  • Hindustan Mint & Agro Products Pvt. Ltd. (Uttar Pradesh, India)
  • International Flavors & Fragrances Inc. (New York, the U.S.)
  • Kao Chemicals Europe (Barcelona, Spain)
  • Symrise (Holzminden, Germany)
  • Givaudan (Vernier, Switzerland)
  • Solvay (Brussels, Belgium)
  • Takasago International Corporation (Tokyo, Japan)
  • Keva (Mumbai, India)
  • Eternis Fine Chemicals Ltd. (Mumbai, India)
  • Other Key Players

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Japan Renewable Chemicals Market predicted to reach USD 252.55 billion by 2028

 In a recently published report by Fortune Business Insights™, titled, "Japan Renewable Chemicals Market Report 2022", the analysts have provided an in-depth overview of the Japan Renewable Chemicals Market. The report is an all-inclusive research study of the Japan Renewable Chemicals 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 Renewable Chemicals Market size is predicted to reach USD 252.55 billion by 2028 and exhibit a CAGR of 11.5% during the forecast period. Fortune Business InsightsTM has presented this information in its report titled “Japan Renewable Chemicals Market, 2021-2028”. Furthermore, due to increased greenhouse gas emissions and the depletion of fossil resources, the usage of renewable chemicals and polymers has exploded in many end-user sectors. Additionally, the government's increased promotional actions for eco-friendly and bio-based creations will aid the market's long-term development.

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 Renewable Chemicals Market Report:

Companies covered in the Japan Renewable Chemicals Market are Trucent (U.S.), BRASKEM (Brazil), Archer-Daniels-Midland Company (ADM) (U.S.), Amyris Inc. (U.S.), BASF SE (Germany), Bioamber Inc (Canada), BiomethanolChemie Nederland B.V (Netherlands), Cargill Inc (U.S.), DSM, E. I (Netherland), Mitsubishi Chemical Corporation (Japan) and more players profiled.

Most Important Features in this Report:

1. Detailed market study of the Renewable Chemicals 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 Renewable Chemicals 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 Renewable Chemicals Market:

The Renewable Chemicals 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 Renewable Chemicals 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 Renewable Chemicals 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 Renewable Chemicals 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 Renewable Chemicals 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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Tuesday, October 11, 2022

Conductive Carbon Black Market to See High Growth in Upcoming Year by 2029  | Halted Operations to Restrict Market Development

 The global conductive carbon black market size is expected to gain momentum due to the increasing demands for carbon in the plastic application during the projected period. Fortune Business Insights™ publishes this information in an upcoming report titled, "Conductive Carbon Black Market, 2021-2028". Carbon black is extracted from thermal decomposition for petroleum raw material. Conductive carbon black is cost-effective which holds highly reliable properties. It can absorb UV light and perform a conversion process to convert it into heat that improves thermal conductivity. Such properties are used by electronics and paints industries which are expected to drive the market growth.    

COVID-19 Impact:

Halted Operations to Restrict Market Development 

Outbreak of the COVID-19 virus has affected the sales rate and performance of the chemical industry due to the restrictions imposed by the government. These restrictions halted the operations of production and manufacturing units. Restricting production has affected the sales rate and profitability of the industry to gain a higher market position globally. Plastic production and paint industries are affected due to the pandemic regulations where the supply of conductive carbon black is restricted. These factors affect industrial growth during the pandemic period.          

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Segments:

The market is segregated into applications of plastics, battery electrodes, rubber, and others.

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

Report Coverage:

The conductive carbon black market report includes a detailed analysis of market development strategies. The information consists of analysing competing strategies like mergers, acquisitions, and partnerships to acquire a high market share in the global market. Insights on regulatory scenarios are assessed in the report further. Porter's five forces analysis is conducted to analyse the competitive environment and evaluate the competitive advantage gained by the key players. Emerging Trends in the major countries and segmented regions are highlighted further in this report. The report includes data authenticity and accuracy to enhance market analysis.     

Drivers & Restraints:

Increasing Demands for Product to Propel Market Growth

The global conductive carbon black market growth is expected to grow during the forecast period due to the increasing demands for products in the plastic application sector. Conductive carbon black produces pipes, photographic containers, films, stretch wrap, and industrial bags. These factors are anticipated to propel market growth. In contrast, the impact of the emission of harmful gases restricts the market expansion potential.    

Regional Analysis:

Asia Pacific to Hold Market Position due to Product Demand in Plastic Production 

Asia Pacific is anticipated to hold the most prominent global conductive carbon black market share during the forecast period. Adopting the product in the plastic production sector is expected to develop market reach and expand the business globally.

North America is anticipated to hold the second-largest market share globally. The product is highly adopted in electronics will bolster market growth. This will allow the key competitors in the market to propel market growth.

Competitive Landscape:

Launching New Products to Support Market Expansion

Key players in the industry focus on the development strategies to expand market growth. They are creating alliances and partnerships with competing organisations to support market expansion in acquiring global market share. The companies focus on launching new products using advanced technologies in the industry and improving the product portfolio for the organisation. Alliancing with the supporting sectors such as plastic production and paints & coatings will bolster market growth by increasing the company's sales rate and revenue generation rate.     

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Industry Development:

  • May 2020: Orion Engineered Carbons S.A. introduced a new logistics center in Cologne, Germany. It is its largest manufacturing plant. The company manufactures 160,000 metric tons where more than 100 differentiated grades of carbon black are manufactured every year. The company aims to expand its business in the European market.

List of Key Players Profiled in the Global Market for Conductive Carbon Black:  

  • Thai Carbon Black Public Company Limited/Birla Carbon (Thailand)
  • Cabot Corporation (U.S.)
  • Orion Engineered Carbons SA Group (U.S.)
  • Phillips Carbon Black Limited (India)
  • Tokai Carbon Co. Ltd. (Japan)
  • Himadri Speciality Chemical Ltd. (India)
  • Longxing Chemical Industry Co. Ltd. (China)
  • Mitsubishi Chemical Corporation (Japan)

Breathable Films Market will Hit Big Revenues in Near Future

 The breathable films market size was USD 2.6 billion in 2020. The market is projected to grow from USD 2.8 billion in 2021 to USD 4.8 billion in 2028 at a CAGR of 8% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Breathable Films Market, 2021-2028.” Factors such as the ability to provide moisture control in various products and rising demand from food packaging will drive the growth of the market during the forecast period. Additionally, prominent players are offering breathable textile backsheet, which will boost the market growth.

COVID-19 Impact

Shutdown of Manufacturing Sector & Lockdowns to Impact Market in a Negative Market

The COVID-19 pandemic will push the market toward a negative impact on the industry due to deep-rooted connections toward the textile, packaging, and medical industries. The pandemic forced various economies worldwide to go into forced lockdowns and further impose restrictions on the general population to curb the spread of the virus. Additionally, decreased availability of raw materials and declining customer income further slowed down the progress of the market during the forecast. A faltering transport system and halted world trade routes downgraded the volume of the market.

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Segments

By type, the market is divided into polyethylene, polypropylene, polyester, polyurethane, and others.

Based on application, the market can be broken down into hygiene & personal care, food packaging, construction, medical, and others.

In terms of geography, the market can be categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

 

Report Coverage

The report provides a detailed analysis by capturing critical aspects including leading companies, types, and applications. Additionally, the report contains ongoing industry developments and highlights ongoing market trends to present readers with a comprehensive prospect. Also, the report encompasses an analytical forecast at the global, regional, and a local level to further provide valuable insights into the sector. The report further encompasses factors that are expected to impact the market in a positive/negative manner.

 

Drivers & Restraints

Rising Demand for Baby Diapers to Augment Market Share

Factors such as rising population, increasing demand for hygiene & comfortableness, and rising need for baby diapers will boost the breathable films market growth during the forecast period. Additionally, rising per-capita income, increasing population of per-capita, and rising population of working mothers will increase the footprint of the market. Also, prominent players offering breathable textile backsheet will further fuel the growth of the market.

However, volatility in raw material pricing will hinder the growth of the market during the forecast period to a certain extent.

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Regional Insights

Asia Pacific to Dominate Prominent Share due to Rising Demand from Pharmaceutical & Personal Care Products

Asia Pacific will occupy the largest breathable films market share during the forecast period due to increasing population and rising population from working mothers in the region. Additionally, rising demand from various sectors including pharmaceutical, personal care products, and food & beverages along with rising per-capita income among consumers will boost the growth of the market. Rising consumer awareness, increasing investment activities, and rising demand for processed foods will drive the market volume.

North America will hold a significant market share in terms of global contribution, owing to expanding construction industry and increasing building & architecture in the U.S. and Canada among others. Rising demand in terms of food packaging, heavy-duty snacks, and shopping bags will further fuel the growth of the market.  

 

Competitive Landscape

Product Development & Mergers & Acquisitions to Bolster Market Share 

The market is extremely fragmented with many dominant players operating in the industry. Dominant players are focused on increasing production capacity, mergers & acquisitions, improving product launches, and collaborations to increase market presence. For example, in November 2021, Polytex Fibers launched its line of recyclable films and bags produced from polyethylene. Others are focused on expanding its product outreach on a global scale to increase revenue.

 

Industry Development

  • February 2021 - Dow entered into a Memorandum of Understanding (MoU) with Lucro Plastecycle, an Indian recycling company for the development and introduction of post-consumer recycled (PCR) based polyethylene (PE) film solutions in India. The agreement will allow Dow to launch a close-the-loop packaging solution to boost a circular economy in India, and additionally expand the company’s plastics circularity portfolio in Asia Pacific.

 

List of Key Players Present in the Market

  • Arkema (Colombes, France)
  • Fatra, a.s. (Napajedla, Czechia)
  • NITTO DENKO CORPORATION (Osaka, Japan)
  • RKW Group (Mannheim, Germany)
  • Covestro AG (Leverkusen, Germany)
  • Skymark (Scunthorpe, U.K.)
  • SILON (Sezimovo Ústí II, Czech Republic)
  • TEC LINE INDUSTRIES (Rajkot, India)
  • DSM Engineering Plastics (Heerlen, Netherlands)
  • AMERICAN POLYFILM, INC. (Connecticut, U.S.)
  • Imerys (Paris, France)
  • TORAY INDUSTRIES, INC. (Tokyo, Japan)

 

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Japan Oilfield Chemicals Market CAGR of 7.2% during the projected period

 In a recently published report by Fortune Business Insights™, titled, "Japan Oilfield Chemicals Market Report 2022", the analysts have provided an in-depth overview of the Japan Oilfield Chemicals Market. The report is an all-inclusive research study of the Japan Oilfield Chemicals 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 Oilfield Chemicals Market is expected to rise during the forecast period due to rising use of eco-friendly oilfield chemicals to reduce toxicity and benefit the environment. Fortune Business Insights™ publishes this information in a report titled, "Japan Oilfield Chemicals Market, 2022-2029". As per the report, the Japan Oilfield Chemicals Market size was USD 16.95 billion in 2021. The market size is expected to rise from USD 18 billion in 2022 to USD 29.27 billion by 2029 at a CAGR of 7.2% during the projected period.

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 Oilfield Chemicals Market Report:

Companies Covered in Japan Oilfield Chemicals Market are Halliburton (U.S.), Solvay (Belgium), NALCO (U.K.), BASF SE (Germany), The Lubrizol Corporation (U.S.), Albemarle Corporation (U.S.), Kemira (Finland), Clariant (Switzerland), Dow (U.S.), Stepan Company (U.S.), Croda International Plc (U.K.), Pon Pure Chemicals Group (India) and Other key players.

Most Important Features in this Report:

1. Detailed market study of the Oilfield Chemicals 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 Oilfield Chemicals 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 Oilfield Chemicals Market:

The Oilfield Chemicals 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 Oilfield Chemicals 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 Oilfield Chemicals 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 Oilfield Chemicals 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 Oilfield Chemicals 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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Monday, October 10, 2022

Ethylene Market Analysis, Size, Players, share, Growth, Trend and Forecast to 2027

 The global ethylene market size is expected to reach USD 245,005 million by 2027, exhibiting a CAGR of 5.6% during the forecast period. The growing utilization of plastics such as LDPE and HDPE coupled with technological advancement will bolster healthy growth of the market, states Fortune Business Insights, in a report, titled “Ethylene Market Size, Share & COVID-19 Impact Analysis, By Application (High Density Polyethylene, Low Density Polyethylene, Ethylene Oxide, Ethyl Benzene, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 166,520 million in 2019.

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 making 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.

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Key Market Driver:

Inflated Demand for Packaging Solutions to Aid Market Growth

The growing consciousness for safe packaged products among consumers will have an excellent impact on the global market. The heavy demand for plastic packaging solutions for numerous applications such as e-commerce, healthcare products, convenience products, and transportation will further incite the development of the market. The growing demand for high-quality food with proper packaging solutions can promote the growth of the market. The surging application of plastic in the automotive and construction industries for the production of wiring, auto parts, pipes, and others will spur opportunities for the market. Similarly, the rising application in agriculture, medical, and other sectors will drive market growth.



The report on the ethylene market comprises of:

  • All-encompassing scrutiny of the industry
  • Valuable data about key players
  • Emerging market trends
  • Important insights into the competitive landscape
  • Leading regions

List of Top Companies Profiled in the Ethylene Market are:

  • Reliance Industries Limited (Mumbai, India)
  • China Petroleum & Chemical (Beijing, China)
  • LyondellBasell Industries Holdings (Rotterdam, Netherlands)
  • Exxon Mobil Corporation (Texas, United States)
  • Shell International (The Hague, Netherlands)
  • SABIC (Riyadh, Saudi Arabia)
  • BOREALIS AG (Vienna, Austria)
  • BRASKEM SA (São Paulo, Brazil)
  • Chevron Phillips Chemical Company (Texas, United States)
  • INEOS GROUP AG (London, UK)
  • Other Key Players

Halt on Trade Activities to Boost Market Amid Coronavirus

The coronavirus pandemic has severely affected the chemical industry, resulting in halt on trade activities and operations. The disrupted supply chain has subsequently reduced the demand among industries. Nonetheless, the inflated demand for PE in packaging applications can stabilize the market amid covid-19. The growing awareness towards health and hygiene among consumers can enable speedy expansion of the market during the pandemic. Moreover, the increasing need for packaged food products will subsequently boost the production of polyethylene, which, in turn, will improve the prospects of the market.

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Regional Analysis:

Rising Economic Development to Support Growth in Asia Pacific

The market in Asia Pacific is expected to hold the largest share in the global market during the forecast period owing to the growing demand for PE from the plastic and chemical industry in developing countries such as China, India, and Japan. The increasing economic development has led to an improved lifestyle of consumers, thus fueling the demand for quality-based plastic for daily use. The surging middle-class population coupled with increasing construction activities will enable speedy expansion of the market in the region. The plastic industry in China has experienced immense growth during the forecast period owing to the demand for new housing units and vehicles.

Key Industry Development:

October 2018: LyondellBasell and Sasol announced a definitive agreement into forming a joint venture that will gain LyondellBasell 50% of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear low-density PE plants, and associated infrastructure with a total consideration of US$2 Billion.

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Carbon Dioxide Market Revenue In Japan| Carbon Dioxide Industry Future Growth, Trends and Top Key Players

The global carbon dioxide market size is predicted to reach USD 12.15 Billion by 2027, exhibiting a CAGR of 2.5% during the forecast period. The growing construction of water treatment plants in developing nations will spur the demand of the market in the forthcoming years. The rising oil exploration and drilling activities will necessitate the use of solvents in the process, which, in turn, will boost the carbon dioxide market growth during the forecast period, states Fortune Business Insights in a report, titled “Carbon Dioxide Market Size, Share & Industry Analysis, By End-Use Industry (Food & Beverage, Oil & Gas, Metal Fabrication, Medical, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 10.00 Billion in 2019

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Carbon Dioxide 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 Carbon Dioxide 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.

Market Driver:

Heavy Demand for CO2 in Oil and Gas Industry to Enhance Market Potential

The growing utilization of carbon capture and storage (CCS) technology for the procurement of CO2 from the carbon emissions produced by biomass power plants, cement manufacturing, and consumption of fossil fuels for electricity generation will contribute effectively to the growth of the market. This process also aids in lowering carbon emission in the atmosphere and preventing air pollution. The increasing application of carbon dioxide in the oil & gas industry for enhanced oil recovery will incite the practice of CCS technology for capturing CO2.  The growing cognizance about the benefits of CCS such as, reduced CO2 emissions, positive environmental impact, and maintain ecological balance will escalate the adoption of the is technology. In addition, the rising implementation of carbon capture and storage (CCS) technology around the globe can be an essential factor in bolstering the growth of the market in the foreseeable future.

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Regional Analysis:

Advancement in Carbon Attainment Methods to Aid Expansion in North America

The market in Asia Pacific stood at USD 3.62 Billion in 2019 and is likely to witness a high growth rate during the forecast period owing to the demand from the food & beverage and medical industry in the developing nations. For instance, China is one of the biggest suppliers of carbon dioxide around the world. The developing medical industry in India will promote the growth of the market in the region. The market in North America is predicted to rise tremendously during the forecast period due to the high demand for CO2 in oil recovery applications. The increasing initiatives for the use of carbon dioxide in various industrial applications will enable speedy growth of the market in the region. Moreover, the technological advancement in CO2 extraction methods will aid growth in North America. The market in Europe is likely to account for a significant share in the forthcoming years. The growth in the region is attributed to the use of carbon dioxide in alcoholic and non-alcoholic beverages in the food & beverage industry. Therefore, the demand for carbonated beverages will propel the market in the region. The market in Latin America and the Middle East & Africa is predicted to grow rapidly during the forecast period owing to the rising oil & gas exploration activities. The rising consumption of carbon dioxide in oil recovery activities to boost the market in the Middle East and Africa.

Key Development:

March 2019: Air Products announced that it has acquired ACP Europe SA, one of the largest biggest carbon dioxide manufacturers in Europe. The acquisition will aid the company to cater to the demand for carbon dioxide and better serve its customer across the European continent.

The Report Lists the Main Companies in the Carbon Dioxide Market:

  • Linde plc (Ireland)
  • Air Products and Chemicals, Inc. (U.S.)
  • Air Liquide (France)
  • Sicgil India limited (India)
  • Matheson Tri-Gas, Inc.(U.S.)
  • Universal Industrial Gases, Inc.(U.S.)
  • The Messer Group GmbH (Germany)
  • SOL Spa (Italy)
  • POET, LLC(U.S.)
  • Reliant Gases(U.S.)
  • India Glycols Limited (India)

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