Thursday, October 13, 2022

U.S. Mechanical Tube & Pipe Market examines the key international players’ approach trends

 In a recently published report by Fortune Business Insights™, titled, "U.S. Mechanical Tube & Pipe Market Report 2022", the analysts have provided an in-depth overview of the U.S. Mechanical Tube & Pipe Market. The report is an all-inclusive research study of the U.S. Mechanical Tube & Pipe 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 United States mechanical tube & pipe market size was USD 1.95 billion in 2021. The market size is expected to rise from USD 2.05 billion in 2022 to USD 2.98 billion by 2029 at a CAGR of 5.5% during the forecast period. The market is anticipated to expand prominently due to increasing demand for these pipes and tubes in several industries during the forecast 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 U.S. Mechanical Tube & Pipe Market Report:

Companies covered in the U.S. mechanical tube & pipe market are Nucor Corporation, Zekelman Industries, TimkenSteel, Cleveland-Cliffs Inc., Bull Moose Tube, Tenaris S.A., U.S. Steel Corporation, Valmont Tubing, Atkore, Vallourec, Webco Industries Inc, EXLTUBE, Maruichi Leavitt Pipe & Tube, Steel Tube Inc. and more players profiled

Most Important Features in this Report:

1. Detailed market study of the U.S. Mechanical Tube & Pipe 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 U.S. Mechanical Tube & Pipe 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 U.S. Mechanical Tube & Pipe Market:

The U.S. Mechanical Tube & Pipe 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 U.S. Mechanical Tube & Pipe 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 U.S. Mechanical Tube & Pipe 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 U.S. Mechanical Tube & Pipe 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 U.S. Mechanical Tube & Pipe 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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Wednesday, October 12, 2022

Traffic Road Marking Coatings Market Revenue In Japan| Traffic Road Marking Coatings Industry Future Growth, Trends and Top Key Players

The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Traffic Road Marking Coatings 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 Traffic Road Marking Coatings 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.

Startling Rise in Road Fatalities Worldwide to Fuel Market Growth

Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users.

Segmentation

Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020.

On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Highlights

The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market.

Driving Factor

Development of Eco-friendly Road Marking Solutions to Invigorate the Market

Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

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Regional Insights

Robust Demand for Construction Activities to Propel the Market in Asia Pacific

Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020.

In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members.

Competitive Landscape

Key Players to Strategically Deepen Business Ties across Geographies

Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.

Industry Development

  • May 2021: Austria-based SWARCO Road Marking Systems partnered with the Australian road marking leader, SUPALUX, to set up its first base in Perth, Western Australia’s capital city. The two companies aim to synergize their expertise and expand their footprint in the traffic paint industry.

List of Key Players Covered in this Market Report

  • Asian Paints Ltd. (India)
  • Langfang Tenroads Glass Products Co., Ltd. (Hebei province, China)
  • Geveko Markings (Gainesville, Sweden)
  • Rua Seguridad (Metro Manila, Philippines)
  • Sherwin-Williams Company (Ohio, U.S)
  • Resincoat Ltd (U.K)
  • 3M (Minnesota, U.S)
  • Berger Paints (West Bengal, India)
  • Dulux Protective Coatings (Australia)

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Cross-laminated timber Market Opportunities 2022, Trends, Key Growth Factors, Revenue Analysis, For 2027

 The global cross laminated timber market size is projected to reach USD 2,062.2 million by the end of 2027. The increasing construction and building activities will create several growth opportunities for the companies operating in the market. According to a report published by Fortune Business Insights, titled “Cross Laminated Timber Market Size, Share & Industry Analysis, By Bonding Technology (Adhesive Bonded and Mechanically Fastened), By Application (Residential Buildings, Non-Residential Buildings, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 756.9 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2020-2027.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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Cross laminated timber is a type of engineered wood that is used in applications that require product with higher load handling capabilities. The product is engineered with three layers of solid-sawn wood that are bind together with an adhesive or mechanical pressure. This is mainly done to increase the rigidity of the product and used in heavy-weight applications. The product was initially developed in the Alpline countries of Europe and is gaining rapid popularity in North America as well as Asia Pacific. The increasing investment in the development of efficient products, driven by increasing applications of the product across diverse industries, will have a positive impact on the growth of the market in the coming years. The favourable properties of cross-laminated timber such as good acoustic and thermal insulation will fuel the demand for the product across the world.

Increasing Efforts taken to Maximize the Production of CLT Will Aid Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It highlights a few of the key strategies adopted by major companies and discusses their impact on the overall market. Due to the increasing demand for CLT across the world, several large scale companies are looking to increase the production capacity of this material through the integration of advanced technologies. In December 2019, Structurlam Mass Timber Corporation announced that it has expanded its operations in the United States. The company announced that it has begun the construction of its new manufacturing plant in Conway, Arkansus. The company claims that this plant will improve its production capacity and will open by the end of 2021. The company stated that it has invested around USD 90 million in the manufacturing plant with a view to addressing the massive product demand in the southern, eastern, and central parts of the United States.

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Europe Accounted for the Highest Share; Increasing Construction Activities Will Provide Impetus to Market Growth

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Europe is projected to emerge as the dominant region in the coming years. The increasing construction activities will lead to a wider product adoption, subsequently creating several growth opportunities for the companies operating in the market. Driven by the massive demand for the product, the market in Europe accounts for around 65% of the overall market share. As of 2019, the market in Europe was worth USD 466.48 million and this value is projected to increase further in the coming years. The market in North America will witness considerable growth owing to the huge adoption of locally manufactured CLT.

 

List of companies profiled in the report:

  • Stora Enso (Finland)
  • Mayr Melnhof Holz Holding AG (Austria)
  • Binderholz GmbH (Austria)
  • Xlam Ltd. (Australia & New Zealand)
  • Sterling Company (USA)
  • Schilliger Holz AG (Switzerland)
  • KLH Massivholz GmbH (Austria)
  • B&K Structures (UK)
  • Eugen Decker Holzindustrie KG (Germany)
  • Structurlam Mass Timber Corporation (Canada)
  • Smartlam NA (USA)
  • APA - The Engineered Wood Association (USA)
  • Katerra (USA & India)
  • IB EWP Inc. (Canada)
  • Nordic Structures (Canada)
  • StructureCraft Builders Inc. (Canada)
  • DRJ Wood Innovations (USA)
  • PFS Corporation (USA)
  • Other Key Players

 

Industry Developments:

August 2019: Binderholz GmbH announced that it has expanded its cross-laminated timber production capacity by integrating a new, digitized, and fully automated plant at Burgbernheim, Germany.

 

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Polyethylene Terephthalate (PET) Market What are the major areas of development in this ?

The global polyethylene terephthalate market size is anticipated to hit USD 77.76 billion by 2028 and exhibit a CAGR of 9.7% during the forecast period. The increasing demand from packaging industry is likely to bolster the market growth in the coming years. Fortune Business InsightsTMhas presented this information in its report titled “Polyethylene Terephthalate (PET) Market, 2021-2028”. The market size stood at USD 32.71 billion in 2020 and USD 40.66 billion in 2021.

Additionally, the rising recycled polyethylene terephthalate demand is anticipated to be a key trend influencing the market growth in the coming years.

List of Key Market Players-

  • Indorama Ventures (Thailand)
  • Far Eastern New Century (Taiwan)
  • DAK Americas (U.S.)
  • Nan Ya Plastics Corporation (Taiwan)
  • SABIC (Saudi Arabia)
  • Dupont (U.S.)
  • Lotte Chemical Corporation (South Korea)
  • Reliance Industries (India)
  • Octal Petrochemicals (U.S.)
  • ALPEK (Mexico)
  • Jiangsu Sanfangxiang Group Co. Ltd. (China)

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COVID-19 Impact-

Growth in Packaging Industry Due to Spread of COVID-19 Resulted in Market Expansion

The unprecedented spread of the coronavirus pandemic has positively impacted the market. The increased packaging demand observed during the pandemic has augmented the polyethylene terephthalate market growth. Though the market has experienced restraints in growth due to strict lockdowns and curfews implemented by governments across the globe to curb the virus spread, the market is expanding. The market is projected to witness rapid growth in the coming years.

Segments-

On the basis of type, the market is bifurcated into recycled and virgin. On the basis of application, the market is fragmented into sheets and straps, film, rigid packaging, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage-

  • It highlights drivers and restraints for market growth.
  • It offers comprehensive insights into the market’s regulatory scenario.
  • It highlights the market’s competitive landscape.
  • It suggests strategies adopted by key Polyethylene Terephthalate (PET) Market players.
  • It sheds light on the COVID-19 pandemic’s impact on the market.

Drivers & Restraints

Rising Demand from Packaging Industry to Propel Polyethylene Terephthalate (PET) Market Growth

Polyethylene Terephthalate Market is economical and offers lightweight and high-strength properties. It serves as an exemplary packaging material. It helps in reducing fuel consumption in transportation and helps to deliver more products with advanced, modern packaging. These properties, combined with the growing advancements in lightweight technology, are expected to boost the consumption of PET and bolster the global polyethylene terephthalate (PET) market growth.

The demand for recycled polyethylene terephthalate has increased in recent years. Industries, including packaging, automotive, and food & beverages are emphasizing the utilization of recycled PET to cope with growing greenhouse gas emissions due to plastic production. Moreover, the demand for polyethylene terephthalate as single-use plastic is expanding due to its disposable properties. This has spiked the demand for PET in containers, cups, straws, food packaging, and other such applications. These factors are expected to boost the market growth significantly.

However, the substitute products available may hinder the market growth.

Regional Insights-

Rising Technological Advancements to Fuel Growth in Asia Pacific

Asia Pacific is expected to emerge dominant in the global polyethylene terephthalate (PET) market share. The rising technological advancements to improve plastic’s sustainability are fueling the market growth in Asia Pacific. Regionally, China holds the maximum share of the market and is swiftly expanding due to rising PET recycling, increasing packaging, surging R&D activities, and other such factors.

North America is anticipated to experience remarkable growth in the forthcoming years. The swiftly expanding food & beverage industry is bolstering the region's market growth. The growing demand for packaged foods to maintain hygiene promotes the demand for PET in the region.

Europe is projected to register substantial growth due to high product demand by the automotive industry. PET resin offers mechanical, chemical, and thermal resistance properties, fueling its consumption in manufacturing automotive parts such as wheel arch liners and seat covers.

Latin America is likely to showcase strong growth due to the increasing PET straps consumption by the transportation industry. The Middle East & Africa is predicted to experience significant growth in the coming years. The expanding food & beverage, cosmetic, consumer goods, and other end-use industries are expected to contribute to the market’s growth.

Competitive Landscape-

Key Players Focus on Innovative Strategies to Garner Growth

The Polyethylene Terephthalate (PET) Market includes Reliance Industries, Dupont, Sabic, and Indorma Ventures, amongst the top industry players. They emphasize product innovation, capacity improvements, collaborations, and acquisitions to expand their market positions. Recently, Indorma Ventures Public Company Limited (IVL) built a new recycling plant in Karawang, West Java, in July 2021. The plant can recycle 1.92 billion PET bottles annually.

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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
    • Emerging Trends
  • Key Insights
  • 1. Key Emerging Trends – For Major Countries
  • 2. Key Developments: Mergers, Acquisition, Partnership, etc.
  • 3. Latest Technological Advancement
  • 4. Insights on Regulatory Scenario
  • 5. Porters Five Forces Analysis
  • Qualitative Insights – Impact of COVID-19 on Global Polyethylene Terephthalate (PET) Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak
  • Global Polyethylene Terephthalate (PET) Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • By Type (Volume/Value)
      • Virgin
      • Recycled
    • By Application (Volume/Value)
      • Rigid Packaging
      • Film
      • Sheets & Straps
      • Others
    • By Region (Volume/Value)
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

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Industry Development-

  • December 2020: Starlinger increased its production capacity twofold for its Germany-based plastic recycling systems. The company aims to manufacture PET recycling systems with this expansion.


Pvc Based Adhesive Market Analysis By Key Players, Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2029

 The research report on the global Pvc Based Adhesive Market Market presented by Fortune Business Insights™ helps readers understand the qualitative and quantitative aspects of the global Pvc Based Adhesive Market market by analyzing key opportunities, CAGR, annual growth rate. The competitive landscape, market drivers, technological advances, future roadmap, industry news analysis company overview, finance, recent developments, and long-term investments are mentioned in the report related to the Global Pvc Based Adhesive Market Market.

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The market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins. The Global Pvc Based Adhesive Market market 2022 research provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. 

The competitive landscape and Key players -

Key Players Covered in the PVC based adhesive market include ASTRAL ADHESIVES, SUPER BOND GROUP, Parteek Industries, Astra Chemtech Private Limited, Bhiwadi Polymers Ltd., Topflor, Chemfil, Benson Polymers Limited., Kenon Adhesives Private Limited, Miraj Pipes, Ester Chemical Industries Pvt. Ltd., SABA BV., JR JINDAL INFRAPROJECTS PVT. LTD., and Eastman Chemical Company.and many more

 This Report lets you identify the opportunities in Pvc Based Adhesive Market Market by means of a region:

  • North America (The United States, Canada, and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
  • South America (Brazil etc.)
  • The Middle East and Africa (North Africa and GCC Countries)

The objective of this Pvc Based Adhesive Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 50 major countries. Deep research and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the Pvc Based Adhesive Market market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the Pvc Based Adhesive Market report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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Segmention -

Key Segments are covered By Application and many more 

What are the Key Factors Covered in this Pvc Based Adhesive Market Market Report?

  • CAGR of the market during the forecast period 2021-2028
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the Pvc Based Adhesive Market market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the market across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Pvc Based Adhesive Market market vendors

 

In conclusion, the market report presents the descriptive analysis of the parent market supported elite players, present, past, and artistic movement information which is in a position to function as a profitable guide for all the Pvc Based Adhesive Market industry business competitors. Our expert research analyst’s team has been trained to supply in-depth marketing research reports from every individual sector which can be helpful to know the industry data within the most precise way.

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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