Wednesday, November 23, 2022

Leading vendors and suppliers of the Silicon Metal Market

 The “Global Silicon Metal Market” research report represents major insights on the current growth dynamics as well as the primary revenue generation elements that are available in the Silicon Metal industry along with various other factors over the predicted period 2022-2029. The report on the Silicon Metal market is focusing on a series of parameters including top manufacturing strategies, industry share, prime opportunities, industrial channel, profit margin, etc. The research study on the global Silicon Metal market is liable to showcase essential development in distinct regions including the United States, Europe, Asia Pacific, and China.

On the basis of strategic aspects, the report represents the detailed profile of the major vendors and meanwhile, evaluates their discrete business-driven strategies and other development plans. In this study, we have used an extraordinary perspective during the COVID-19 pandemic period to closely inspect the development and growth of the Silicon Metal industry.

Request a Sample PDF Report:-  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104596

Key Pointers that the Report Acknowledges:

✦ Growth rate and market size over the analysis timeframe.
✦ Leading vendors and suppliers of the market.
✦ Exhaustive SWOT analysis of each company.
✦ Detailed PEST analysis by region.
✦ Opportunities and threats faced by the existing vendors in the Silicon Metal market.
✦ Strategic initiatives are undertaken by leading players.

Key Players in the Silicon Metal Market Report:

Companies covered in the Silicon Metal Market are Plc, Dow DuPont, Elkem ASA, RIMA Group, Rusal, LIASA and Wacker Chemie AG.

The research report on the global Silicon Metal market delivers updated information about the current scenario of the Silicon Metal industry together with the recent industry trends, drivers, major opportunities, and the general environment of the globe. The vital objective of the Silicon Metal market is to offer a brief assessment of the present state of the development tactics, and crucial players analysis as well as the key drivers involved in the market. In addition to this, the report shows notable achievements regarding regional growth, the launch of newer products, research and development analysis, and various other prominent elements. Besides this, the region-wise development of the major industry manufacturers has also been explained in a brief manner.

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The following questions were answered in the Silicon Metal market report:

➤ What is the market size of the global Silicon Metal industry during the forecasted period?
➤ How has the COVID-19 pandemic impacted the Global market?
➤ What is the essential strategy available for the growth & development of the global Silicon Metal market?
➤ What are the key segments explained in the global Silicon Metal market report?
➤ What are the strategical phases determined for marking an entry of the players in the global Silicon Metal market?
➤ What are the major governing frameworks and technology trends involved in the market?

Marketing Statistics:

The Global Silicon Metal 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 Silicon Metal 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.

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Silicon Metal Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and innovative landscape

Chapter 4: Silicon Metal Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

Continued…

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Contact Us:

Fortune Business Insights™ Pvt. Ltd.

Email: sales@fortunebusinessinsights.com 

Tuesday, November 22, 2022

Ammonium sulphate Market Touching Impressive Growth by 2028 | Asia Pacific to Remain at Forefront Backed by Increasing Demand for Fertilizers

 The global ammonium sulfate market size is expected to gain momentum by reaching USD 1.50 billion by 2028 from USD 1.08 billion in 2021 while exhibiting a CAGR of 4.8% between 2021 to 2028. In its report titled, “Ammonium Sulfate Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 1.04 billion in 2020.

With the increasing demand for Sulphur as a macronutrient, it is directly used in the feedstock to increase its productivity. However, it can be provided to crops directly or in blended form as N+S products or compound NPK+S. Thereby promoting the demand for ammonium sulfate products in the market. 

COVID-19 Impact

The outbreak of the COVID-19 pandemic has crippled the global economy, and this market also suffered a loss. Most of the manufacturing was shut amidst lockdown, and people preferred staying indoors. Apart from that, agricultural practices were also at a halt, and this negatively affected the market growth. However, companies are trying to run the sales, despite restrictions by the governments. They are aiming to cope up in the coming quarters.

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List of Key Players Profiled in the Ammonium Sulfate Market:

  • BASF (Ludwigshafen, Germany)
  • Evonik (Essen, Germany)
  • Sumitomo Corporation (Tokyo, Japan)
  • Lanxess (Cologne, Germany)
  • Domo chemicals (Leuna, Germany)
  • Arkema (Colombes, France)
  • Fibrant (Urmond, Netherlands)
  • Royal DCM (Heerlen, Netherlands)
  • Novus International (Missouri, U.S.)
  • ArcelorMittal (Luxembourg)

What does the Report Provide?

The market report provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the growth of the market.

 

Drivers & Restraints

Increasing Adoption by Industrial Sector to Boost Market Growth

The increasing usage of ammonium sulfate in the industrial sector for various applications such as flame retardants increases the combustion temperature of the burning material and decreases maximum weight loss rates. This then increases the production of residue or char. It is also used in wood preservation, water treatment, and others is expected to drive the ammonium sulfate market growth. Furthermore, it is also adopted in the healthcare sector, where it helps in precipitation and fractionation of vaccines is anticipated to aid its growth in upcoming years.

 

Regional Insights

Asia Pacific to Remain at Forefront Backed by Increasing Demand for Fertilizers

Asia Pacific is expected to remain at the forefront and hold the highest position in the market for ammonium sulfate during the forecast period owing to the presence of major crop-producing countries, such as India. For instance, according to a report published by Knoema in 2018, the fertilizer consumption by India was 175 kilograms per hectare. This increased from 12.4 kilograms per hectare in 1969 to 175 kilograms per hectare in 2018. The growth rate is annually 5.96%. The region’s market stood ad USD 0.36 billion in 2020.

Europe is expected to showcase a significant ammonium sulfate market share during the forecast period. For instance, according to research conducted by Europa, the EU-27 cereals production was nearly 299 million tons in the year 2019. Therefore, strong manufacturing, as well as consumer base for fertilizers, is likely to boost the market.

Competitive Landscape

Key Players to Focus on Collaborations to Strengthen their Positions in This Market

Key players in the market are deepening their engagement to come up with innovative and comfortable products to allure their consumers. They are coming up with new launches and widening their offerings to expand in the market for ammonium sulfate.

 

Market Segmentation:

By application, the market is bifurcated into fertilizers and industrial.

Based on the application, the industrial segment is expected to witness significant growth in upcoming years owing to increasing applications in textile dyeing, feed additives, food additive, leather processing, water treatment, and flame retardant manufacturing companies.

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

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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
    • Key Emerging Trends – For Major Countries
    • Industry SWOT Analysis
    • Regulatory Analysis
    • Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
  • Qualitative Insights – Impact of COVID-19 on Global Ammonium Sulfate Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak
  • Global Ammonium Sulfate Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Size Estimates and Forecast 
      • By Application (Volume/Value)
        • Fertilizers
        • Industrial
      • By Region (Volume/Value)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa
  • North America Ammonium Sulfate Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Application (Volume/Value)
        • Fertilizers
        • Industrial
      • By Country (Volume/Value)
        • U.S.
          • By Application (Volume/Value)
            • Fertilizers
            • Industrial
        • Canada
          • By Application (Volume/Value)
            • Fertilizers
            • Industrial

TOC Continued…!

Key Industry Development

January 2018: ASpure launched various food additives to enhance the taste. The company offers a high purity inorganic salt obtained from chemical synthesis without any involvement of biological agents. 

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Respiratory Protective Equipment Market Revenue In Japan| Respiratory Protective Equipment Industry Future Growth, Trends and Top Key Players

The global respiratory protective equipment (RPE) market size is projected to reach USD 12.88 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Spread of the coronavirus through air route will surge the adoption of RPE throughout 2020, observes Fortune Business Insights™

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Respiratory Protective Equipment 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 Respiratory Protective Equipment 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.

The global respiratory protective equipment (RPE) market size is projected to reach USD 12.88 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Spread of the coronavirus through air route will surge the adoption of RPE throughout 2020, observes Fortune Business Insights™ in its report, titled “Respiratory Protective Equipment (RPE) Market Size, Share & COVID-19 Impact Analysis, By Product (Air Purifying Respirators (APR) {Unpowered Air-Purifying Respirators [Disposable Filtering Half Mask, Half Mask, and Full Face Mask], and Powered Air-Purifying Respirators (PAPR) [Half Mask, Full Face Mask, and Helmets, Hoods & Visors}, and Supplied Air Respirators {Airline Respirators, Self-Contained Breathing Apparatus (SCBA), Combination SAR/SCBA or APR/SAR}), By End-Use (Industrial, Oil & Gas, Mining, Petrochemical, Construction, Healthcare, Pharmaceuticals, Fire Service), and Regional Forecast, 2020-2027”

Market Driver

Extensive Utilization of RPE in Mining Industry to Stoke Growth

Respiratory protective equipment is commonly used by miners owing to the massive health risks involved during mining operations, particularly coal mines. The most widely utilized RPE are powered air-purifying respirators (PAPRs) on account of their high efficacy in filtering out dust particles. These particles are known to cause severe lung disorders in miners who have had prolonged exposure to harmful dust. Such exposure has been known to lead to a common lung condition called pneumoconiosis, or dusty lung, which usually manifest in the form of silicosis and coal miners’ pneumoconiosis (CWP), or black lung. Both these conditions are incurable and invariably lead to premature deaths. Effective RPE can prevent miners from inhaling these toxic dust particles and save them from developing lifelong debilitating health conditions.

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Regional Insights

Strict Implementation of Workplace Safety Rules to Accelerate the Market in North America

In North America, where the market size stood at USD 2.5 billion in 2019, the market is expected to perform exceptionally well as regulatory bodies such as the Occupational Safety and Health Administration (OSHA) have been strictly imposing workplace safety rules. As a result, the adoption of RPE and other personal protective equipment such as hard hats has become mandatory in the US and Canada.

Asia Pacific is expected to present lucrative opportunities owing to the rapid expansion of the construction, manufacturing, and healthcare sectors in the region. In Europe, the demand for effective RPE is escalating, primarily from workers in core industries. For example, Germany’s RPE market share in construction industry stood at 11.9% in 2019.

Competitive Landscape

Key Players to Experience Booming Sales amid COVID-19 Pandemic

The respiratory protective equipment market growth is set to skyrocket as the demand for RPE and PPE has risen astronomically in the wake of the coronavirus pandemic. Companies in this market are also capitalizing on this unprecedented opportunity, with some of them reporting booming sales, while some others are partnering with other players to combat the health crisis.

Industry Developments:

  • May 2020: Alpha Pro Tech, a pioneer in protective apparel, reported that revenue in the first quarter of 2020 rose by 47.5% to reach USD 18.2 million, compared to the same period in 2019. According to the company, exponential growth in demand for its N-95 Particulate Respirator facemask and shield.
  • April 2020: 3M joined forces with Cummins to expand production of filters for 3M’s powered air-purifying respirators for high-efficiency filtration of particulate matter. The partnership aims at doubling the production of these filters to meet the surging demand for respiratory protective equipment the coronavirus pandemic.

List of Key Players Covered in the Market Report:

  • Protective Industrial Products, Inc. (U.S.)
  • Jayco Safety Products Pvt. Ltd. (India)
  • Honeywell International Inc. (U.S.)
  • Gentex Corporation (U.S.)
  • Intech Safety (India)
  • Bullard (U.S.)
  • Alpha Pro Tech (Canada)
  • Uvex Safety Group (Germany)
  • Kimberly-Clark Worldwide, Inc. (U.S.)
  • MSA (U.S.)
  • Drägerwerk AG & Co. KGaA (Germany)
  • Delta Plus Group (France)
  • Avon Protection (U.S.)
  • Ansell Ltd. (Australia)

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Japan Ceramic Matrix Composites Market including top manufacturing strategies, industry share, prime opportunities, industrial channel

 The “Global Japan Ceramic Matrix Composites Market” research report represents major insights on the current growth dynamics as well as the primary revenue generation elements that are available in the Ceramic Matrix Composites industry along with various other factors over the predicted period 2022-2029. The report on the Ceramic Matrix Composites market is focusing on a series of parameters including top manufacturing strategies, industry share, prime opportunities, industrial channel, profit margin, etc. The research study on the global Ceramic Matrix Composites market is liable to showcase essential development in distinct regions including the United States, Europe, Asia Pacific, and China.

On the basis of strategic aspects, the report represents the detailed profile of the major vendors and meanwhile, evaluates their discrete business-driven strategies and other development plans. In this study, we have used an extraordinary perspective during the COVID-19 pandemic period to closely inspect the development and growth of the Ceramic Matrix Composites industry.

Request a Sample PDF Report:-  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104879

 

Key Pointers that the Report Acknowledges:

✦ Growth rate and market size over the analysis timeframe.
✦ Leading vendors and suppliers of the market.
✦ Exhaustive SWOT analysis of each company.
✦ Detailed PEST analysis by region.
✦ Opportunities and threats faced by the existing vendors in the Ceramic Matrix Composites market.
✦ Strategic initiatives are undertaken by leading players.

Key Players in the Ceramic Matrix Composites Market Report:

Companies covered in the ceramic matrix composites market are General Electric, Rolls Royce, CFC Carbon, SGL Carbon, Kyocera Corporation, Axiom Materials and more players profiled.

The research report on the global Ceramic Matrix Composites market delivers updated information about the current scenario of the Ceramic Matrix Composites industry together with the recent industry trends, drivers, major opportunities, and the general environment of the globe. The vital objective of the Ceramic Matrix Composites market is to offer a brief assessment of the present state of the development tactics, and crucial players analysis as well as the key drivers involved in the market. In addition to this, the report shows notable achievements regarding regional growth, the launch of newer products, research and development analysis, and various other prominent elements. Besides this, the region-wise development of the major industry manufacturers has also been explained in a brief manner.

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The following questions were answered in the Ceramic Matrix Composites market report:

➤ What is the market size of the global Ceramic Matrix Composites industry during the forecasted period?
➤ How has the COVID-19 pandemic impacted the Global market?
➤ What is the essential strategy available for the growth & development of the global Ceramic Matrix Composites market?
➤ What are the key segments explained in the global Ceramic Matrix Composites market report?
➤ What are the strategical phases determined for marking an entry of the players in the global Ceramic Matrix Composites market?
➤ What are the major governing frameworks and technology trends involved in the market?

Marketing Statistics:

The Global Ceramic Matrix Composites 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 Ceramic Matrix Composites 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.

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Ceramic Matrix Composites Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and innovative landscape

Chapter 4: Ceramic Matrix Composites Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

Continued…

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Contact Us:

Fortune Business Insights™ Pvt. Ltd.

Email: sales@fortunebusinessinsights.com 

Monday, November 21, 2022

Building Thermal Insulation Market Research Report Forecast by 2028 | Key Players Adopt Inorganic Growth Strategies to Garner Growth

 The global building thermal insulation market size is anticipated to grow from USD 28.89 billion in 2020 to 29.85 billion in 2021 and is projected to hit USD 40.34 billion by 2028 and exhibit a CAGR of 4.4% during the forecast period. Building thermal insulation help in energy usage reduction in buildings by preventing heat transfer through the building encasement. It has witnessed steep demand in recent years due to swift industrialization and urbanization. The growing concerns regarding power conservation across residential and commercial applications are expected to surge the market growth. Fortune Business Insights™ has presented this information in its report titled, “Building Thermal Insulation Market, 2021-2028”.



According to the report, the stringent regulations by the governments of major economies to reduce greenhouse gas emissions and energy consumption are anticipated to stimulate market growth significantly.

COVID-19 Impact-

COVID-19 Pandemic to Present Challenge for the Budding Market due to Imposed Lockdowns
The sudden emergence of the coronavirus pandemic has caused unprecedented challenges for the global economy. It has hampered the growth of several industries and markets, including the building thermal insulation market. The implementation of strict movement restrictions to control the virus's rapid spread has impacted the market growth. The disruptions in the global supply chain networks due to the lockdowns and curfews implemented by the governments of several nations have affected the market's growth. However, the vaccine is available to the masses, and the businesses have resumed their operations with a reduced workforce and strict restrictions. The market is gradually recovering and is expected to witness robust growth post-pandemic.

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Key Players in this Market are:

  • Atlas Roofing Company (U.S)
  • Cellofoam North America Inc. (U.S)
  • DuPont (U.S)
  • Knauf Insulation (U.S)
  • Owens Corning (U.S)
  • Armacell S.A. (Luxembourg)
  • Beijing New Building Material (Group) Co. Ltd. (China)
  • Evonik (Germany)
  • PT. Bondor Indonesia (Indonesia)
  • BYUCKSAN (South Korea)
  • Huamei Energy-saving Technology Group Co. Ltd. (China)
  • Johns Manville (U.S)
  •  Kaneka Corporation (Japan)
  • KCC Corporation (South Korea)
  • Kingspan Insulation LLC (Ireland)
  • Lloyd Insulations (India) Limited (India)
  • NICHIAS Corporation (Japan)
  • ROCKWOOL International A/S (Denmark)
  • U.P. Twiga Fiberglass Limited (India)
  • GAF (U.S)
  • Superglass Insulation Ltd. (Scotland)
  • Recticel Group (Belgium)
  • Ursa (Spain)
  • Firestone Building Products (U.S)

Segmentation-

On the basis of material, the market fragments into aerogels, cellulose, foamed plastics, mineral wool, and others.

On the basis of end-user, the market bifurcates into non-residential and residential.

On the basis of application, the market segments into walls, roof & ceiling, and floor & basement.

Geographically, the market is classified into five major regions- North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

Report Coverage-

  • The report focuses on the regional and global analysis for the prospected market.
  • The report provides detailed information on different product types and segments.
  • The report highlights strategies of growth for companies to wade through the COVID-19 pandemic.
  • The report incorporates PESTLE Analysis and Porters’ Five Forces Analysis for an unerring prediction.
  • The report focuses on the competitive landscape of the prospected market and highlights industry developments, new product launches, key market trends, etc.

Drivers & Restraints-

High Energy Costs to Drive the Market Growth

Thermal insulation systems in buildings help to reduce carbon emissions by using less energy input and limiting the heat conduction to the external environment. They also offer impact and fire resistance to building structures which augments their demand in the construction industry. Due to rapid urbanization and industrialization, the increasing construction activities are anticipated to bolster the global building thermal insulation market growth.

Thermal insulation systems also help to reduce energy costs. The high energy costs are expected to boost the demand for the product across commercial and residential applications and foster market growth. The companies operating in the market have launched Do-It-Yourself (DIY) insulation products for customers who cannot afford insulation technicians. The development of DIY products by key companies such as Ecofoam Insulation & Coatings, Owens Corning, and Knauf Insulation is expected to boost the market's growth in the forthcoming years.

However, the health-related issues of the insulation products are likely to restrain the growth of the market.

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Regional Insights-

Asia Pacific to Gain the Largest Share Due to Increasing Government Investments on Infrastructural Development

Asia Pacific is projected to gain the largest portion of the global building thermal insulation market share due to the increasing government investments in infrastructural development across India, China, and Southeast Asia. Additionally, the growing government regulations regarding energy consumption in India and China are anticipated to boost the growth of the market.

North America is expected to witness significant growth in the global market due to the government’s substantial support for energy-saving technologies. Moreover, the growing consumer awareness is likely to complement market growth.
Europe is anticipated to exhibit robust growth in the forthcoming years due to renovation and retrofitting activities.
The Middle East & Africa, and Latin America are expected to witness considerable growth in the coming years due to the surging urbanization and industrialization.

Segmentation:

By type, the market is divided into:

• Alcoholic

• Non-alcoholic

Based on distribution channel, the market is segregated into:

  • Mass Merchandisers
  • Specialty Stores
  • Online Retail
  • Others

On the basis of geography, the global market is separated into:

  • North America
  • Europe
  • Rest of the World

 

Competitive Landscape-

Key Players Adopt Inorganic Growth Strategies to Garner Growth

This market consists of various players operating at global and regional levels. These players are primarily focusing on mergers & acquisitions, product launches, and expansions to strengthen their market position and dominate the market. For instance, in July 2019, Knauf Insulation invested USD 35 million to expand its fiberglass loose-fill plant, based in Albion, Michigan. The investment aims to improve the plant’s capacity by up to 30%.

Key Industry Developments:

January 2020: IMERYS Group acquired the thermal insulation business of Hyderabad Industries Limited (a CK Birla Group Company). The acquisition will help IMERYS to expand its operations in the Indian market.

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Flexitank Market Share, Size, Expected Growth Opportunities and Forecast by 2028 | Know the Russia Ukraine Impact On Flexitank Industry in Japan

The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Flexitank 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 Flexitank 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.

The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years. The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, the market was worth USD 439.3 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2019-2026.

The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking maximum efforts to curb the spread and minimize the adverse effects. As a result, several businesses have been forced to shut down. Due to social distancing practices, there is hesitancy among business vendors as well as working professionals across the world. The Covid-19 pandemic has had a huge adverse effect across several industries. 

Flexitank is a lightweight disposable bladder that is normally made out of plastic. The product is normally used for shipping of non-hazardous liquid materials that is transported through shipping containers. The advancements in the materials used in manufacture of flexitank will lead to a wider product adoption. The increasing applications of the product are attributable to the favorable properties of the material used in manufacturing. The stringent guidelines associated with the use of this product, set by organizations such as the Containers Owners Association (COA) will ensure safety of the product, subsequently leading to a wider product adoption across the world. The growing investment in R&D of the material associated with flexitank will contribute to the growth of the market in the coming years. Additionally, the presence of several large scale companies will emerge in favor of market growth. 

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Increasing Regulatory Approvals will Help Companies Generate Huge Revenues

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of regulatory approvals has made the highest impact on market growth. In November 2019, SIA Flexitanks got approval from the Canadian CN Rail network and Norfolk Southern Rail network for shipping of flexitanks. SIA already has shipping approvals from CSX and BNSF rail networks and this approval will help the company expand its transportation over other regions. These approvals will open new territories and markets for the company and subsequently generate massive revenues in the coming years. SIA’s approval from CN and NSR networks will not just benefit the company but will also have a direct impact on the growth of the overall market in the coming years. The report highlights a few of the other industry developments, similar to this and discusses their impact on market growth.

Asia Pacific to Emerge Dominant; Increasing Food and Chemical Manufacturing Hubs Will Aid Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of food as well as chemical manufacturing units in several countries across this region will have a direct impact on the growth of the regional market. Additionally, the increasing efforts put in import as well as export activities will create several opportunities for market growth. As of 2019, the market in Asia Pacific was worth USD 245.42 million and this value is projected to increase further in the coming years. The market in North America will also witness considerable growth driven by the increasing transport activities for liquid chemicals through rail-based containers.

Industry Developments:

June 2018: BeFlexi announced that it has expanded its shipping operations in Australia and Ecuador. The company already has a well-established network in Asia Pacific and Latin America.

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Sunday, November 20, 2022

Precious Metals Industry Research Report 2021 by Type, Application, Top Key players Forecast by 2028

The global precious metals market size is expected to gain momentum by reaching USD 403.08 billion by 2028 from USD 275.40 billion in 2021, while exhibiting a CAGR of 5.6% between 2021 to 2028. In its report titled “Precious Metals Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 261.94 billion in 2020.

The increasing investments in a commodity such as gold due to its low-risk factor compared to other investments such as equities, bonds, or real estate are fueling the market. Moreover, gold, silver, and platinum are the most preferred metals to produce jewelry due to their luster and malleability. Therefore, the increasing demand for jewelry from consumers is resulting in market growth.

Russia-Ukraine War Implication

The Russia-Ukraine war could change the Precious Metals 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 Precious Metals Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.

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Fortune Business Insights™ lists out all the precious metals market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

  • Newmont Corporation (U.S.)
  • Barrick Gold Corporation (Canada)
  • AngloGold Ashanti Limited (South Africa)
  • Kinross Gold Corporation (Canada)
  • Newcrest Mining Limited (Australia)
  • Gold Fields Limited (South Africa)
  • Freeport-McMoRan (U.S.)
  • PJSC Polyus (Russia)
  • Anglo American Platinum Limited (South Africa)
  • Impala Platinum Holdings Limited (South Africa)
  • Other Players

What does the Report Provide?

The market report provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the growth of the market.

Driving Factor

High Demand from Electrical & Electronics Industry to Drive Market Growth

The growing demand for metals from end-users such as automotive and electrical & electronics are increasing the demand for valuable metals. The automotive industry uses platinum and palladium metals in catalytic converters. Additionally, governments worldwide have become more aware of the climate crisis, therefore to meet the substandard of carbon emissions, vehicles have boosted the demand for platinum. Furthermore, the use of silver in the electrical & electronics industry, as stated by Silver Institute, accounted for 10.2% of the total silver demand in 2020 as silver is used in solar panels to conduct electricity with the highest efficiency. These factors are expected to drive the precious metals market growth.

Regional Insights

Asia Pacific to Dominate Backed by Increased Consumption of Gold

Asia Pacific is expected to remain at the forefront and hold the highest position in the market for precious metals during the forecast period owing to increased consumption of gold in the region. For instance, a report suggests that China and India are top consumers of gold worldwide. China consumes around 984 metric tons of gold per year, and India consumes approximately 849 metric tons of gold per year.  Asia Pacific stood at USD 135.04 billion in 2020.

North America is anticipated to showcase significant precious metals market share in upcoming years owing to the presence of minerals mines in the vicinity of the region, combined with the strong manufacturing capabilities in the region.

Market Segmentation:

By type, the market for precious metals is divided into silver, gold, and platinum group metals. By application, it is divided into industrial, jewelry, investment, and others.

Based on type, the platinum segment held the largest market share of 26.1% in 2020.  This is attributable to its increased demand in the auto-catalysts application. Moreover, platinum has the ability to capture carbon and other harmful emissions. Therefore, industries are increasingly using platinum group metals to curb pollution.

Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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Competitive Landscape

Key Players Focus on New Product Launches to Gain a Competitive Edge

The market for precious metals is consolidated by major companies striving to maintain their position by focusing on new launches. For instance, in May 2018, the AngloGold Ashanti, along with Barrick Gold, sold its 80% stake in Morila Gold Mine in Mali to Mali Lithium. This mine is projected to produce 765 kilograms of gold in 2019, and the sale of the mine was estimated to be at USD 22 million.

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
    • Key Market Trends in the Global Market
    • Key Developments: Mergers, Acquisition, Partnership, etc. .
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Qualitative Insights Impact of COVID 19 on Global Precious Metals Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak

TOC Continued…!

Key Industry Development

January 2020: Kinross Gold Corporation acquired Chulbatkan from N-Mining Limited, worth USD 283 million. It is a high-quality heap leap development project in Russia.

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