Ready-Mix Concrete Market Augmenting Demand favorable to Global Display Market Growth

The global ready-mix concrete market is expected to gain traction from the crucial efforts undertaken by prominent manufacturers to curb the emissions of greenhouse gases (GHG). To do so, they are frequently surging the percentage of additives in ready-mix concrete, such as slag or fly ash for improving energy efficiency and reducing the consumption of ordinary Portland cement. This information is given by Fortune Business Insights™ in a recent report, titled, “Ready-Mix Concrete Market Size, Share & Industry Analysis, By Application (Residential, Commercial, Infrastructure, and Others), and Regional Forecast, 2020-2027.” The report further mentions that this market size was USD 633.4 billion in 2019 and is projected to reach USD 1,227.2 billion by 2027, exhibiting a CAGR of 8.7% during the forecast period.

Get Sample PDF Brochure:-

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ready-mix-concrete-market-103281

This Report Answers the Following Questions:

• What are the market dynamics, drivers, and hindrances?
• Which segment is set to lead the market in the coming years?
• How will the companies surge sales of ready-mix concrete?
• Will the COVID-19 pandemic affect the market severely?

Drivers & Restraints-

Rising Investments in Construction Projects to Propel Growth

Several private and government organizations are increasingly investing in construction projects across the globe. These consist of the construction of commercial buildings, railroads, highways, power generation sector, real estates, bridges, and urban infrastructure. Apart from these, in the developing countries, such as South Korea, India, China, and Mexico, the agencies are investing hefty amounts of money in urbanization. It is further skyrocketing the demand for this concrete. The global construction industry is also expanding backed by the reduced labor cost and availability of plenty of equipment and tools. These factors are expected to boost the ready-mix concrete market growth in the near future.

How will the Covid-19 Pandemic Affect the Market?

• Owing to the outbreak of the COVID-19 pandemic, several construction sites across the world have been shut down completely.
• This is occurring because of the implementation of stringent norms, such as lockdown measures by the ruling bodies.
• The open sites are presently facing major issues of supply chain disruptions.
• As China was the biggest producer of this concrete, many companies are facing shortage of raw materials for construction due to the ban on exports.
• Therefore, various companies are shifting towards other countries for receiving the products. This has surged the prices of materials.

Segment-

Residential Segment to Dominate Stoked by Increasing Demand for Housing Sectors

Based on application, the market is segregated into infrastructure, commercial, and residential, and others. Out of these, the infrastructure segment held 28.70% in terms of ready-mix concrete market share in 2019. This growth is attributable to the increasing urbanization, which, in turn, is resulting in the construction of roads, water systems, power generation systems, and highways. The residential segment would dominate the market throughout the coming years stoked by the high demand for housing sectors, especially from Asia Pacific as the population of this region is growing rapidly.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/ready-mix-concrete-market-103281

Regional Analysis-

Increasing Demand for Single Housing Units to Drive Growth in North America

Geographically, Asia Pacific is anticipated to showcase substantial growth in terms of revenue during the forthcoming years. This growth is attributable to the rising demand for ready-mix concrete from South Korea, India, and China. Also, the increasing construction of new manufacturing plants and rapid development of infrastructures in these countries would contribute to the market growth in this region.

North America, on the other hand, generated USD 164.4 billion in terms of revenue in 2019 and is set to exhibit steady growth in the coming years. This is projected to occur on account of the high demand for residential structures from the countries in this region. Besides, high disposable income and need for single housing units in the region would spur growth.

Competitive Landscape-

Key Players Aim to Support Masses Affected Greatly by COVID-19 Crisis

The market houses a large number of companies that are currently striving to gain a competitive edge by either developing unique ready-mix concrete or by contributing huge sums to the COVID-19 relief. Below are two of the latest industry developments:

• May 2020: UltraTech recently developed its latest automated technology that helps in collecting all the remaining concrete from various construction sites. It then transforms those into slurry for recycling purpose in ready-mix concrete.
• April 2020: ACC Limited and Ambuja Cement joined hands to contribute Rs. 3.30 crore to three NGOs that are offering support to the daily wagers and migrant workers during the present COVID-19 pandemic.

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

• CEMEX S.A.B. de C.V. (Mexico)
• I. Cement Factory Limited. (Dhaka)
• ACC Ltd. (India)
• UltraTech Cement Ltd. (India)
• LafargeHolcim (Switzerland)
• Buzzi Unicem SpA (Italy)
• W. Sidley, Inc. (U.S.)
• HEIDELBERGCEMENT AG (Germany)
• Italcementi Group (Italy)
• Hanson Cement Ltd. (UK)
• S. Concrete (U.S.)
• Other key players

Inquire Before Buying This Report:

https://www.fortunebusinessinsights.com/enquiry/queries/ready-mix-concrete-market-103281

About Us:

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

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn Facebook Twitter

Japan Polymer Gel Market Demand, Recent Trends, Size and Share Estimation by 2029 | Superabsorbent Polymer Gels will Drive the Market for Personal Care Products

 The polymer gel market size is expected to rise owing to the increased use of superabsorbent polymer gels in personal care goods such as infant diapers, feminine hygiene products, and other items. Fortune Business Insights^TM has presented this information in its upcoming report titled, “Polymer Gel Market, 2022-2029”. Furthermore, polymer gels are widely used in a variety of applications, including personal care, construction, agriculture, waste management, medicine administration, and others.

Get Sample PDF Brochure:-

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/polymer-gel-market-105325

COVID-19 Impact -

The COVID-19 outbreak had a huge influence on a number of polymer gel market, and they are now focusing on long-term growth. Because of the government's lockdown to stop the spread of COVID-19, the supply chain has been disrupted, resulting in a shortage of raw materials and a halt to manufacturing. During the projection period, this is anticipated to impede market growth. However, the market is predicted to grow from 2021 onwards as developing countries eliminate economic constriction limitations, resulting in increased demand for polymer gel from the cosmetic and personal care, as well as the building and construction industries.

Segmentation -

On the basis of raw material, the market is segmented into polyacrylic acid, PAM, silicone, vinyl alcohol, PAN, and others. On the basis of application, the market is fragmented into construction, wastewater treatment, personal care, agriculture, drug delivery systems, and others. Geographically, the market is classified into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. 

Report Coverage –

The report delivers detailed information on the polymer gel industry including new advancements in the production sector. Furthermore, the report includes data on new product launches, prominent players, regional growth, and market expansion. Lastly, it comprises data on the restraining and driving factors inclusive of the COVID-19 impact on the market.

Drivers & Restraints –

Superabsorbent Polymer Gels will Drive the Market for Personal Care Products

The market is expected to develop due to the rising demand for polymer gels from various end-use industries. Furthermore, the market will be driven by the increasing use of superabsorbent polymer gels in personal care items such as feminine hygiene products, infant diapers, incontinence pads, and others due to their excellent absorption qualities. In addition, the rising demand for polymer gels from the agriculture sector to save water in irrigation will fuel the polymer gel market growth. However, the prices of raw materials used to make polymer gels, such as polyacrylic acid and polyvinyl alcohol, are, nevertheless, volatile. This is expected to be a stumbling block to market expansion.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/polymer-gel-market-105325

Regional Insights –

Asia Pacific is Expected to Dominate the Market due to Increasing Demand from Agricultural Countries

Asia Pacific is expected to dominate the polymer gel industry owing to the rising need for personal care products. Furthermore, the regional market for superabsorbent gels will be driven by increased demand from agricultural countries such as India. The well-established personal care business in North America is likely to account for a major portion of the polymer gel market share. The large spending on personal care and hygiene in Europe is expected to drive significant growth. Lastly, by the end of the projected period, Latin America and the Middle East and Africa would be experiencing slow development.

Competitive Landscape-                   

Key Players to Focus on Launching New Products

To suit the expanding client needs in the polymer gel industry, prominent players are focusing on launching new products. In addition, industry leaders are acquiring and cooperating with top companies in order to improve their market offers and grow their client base. Evonik Industries, Chemtex Specialty Limited, LG Chemicals Ltd., BASF Corporation, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd., Ma's Group Inc., Sumitomo Seika Chemicals Co., Ltd., and Dow Chemicals are among the market's top companies. For instance, in May 2020, Luviset 360, a novel styling polymer with a flexible grip, was introduced by BASF the product imbibes the quality of holding up even in high-humidity environments.

Industry Developments

October 2020: Luviset 360, a novel styling polymer with a flexible grip, was introduced by BASF. Even in high-humidity environments, this product holds up.

List of Key Players in the Market:

• Saudi Arabian Amiantit Company
• Ma’s Group Inc.
• Sumitomo Seika Chemicals Co. Ltd.
• LG Chemicals Ltd.
• BASF Corporation
• Dow Chemicals
• Chemtex Specialty Limited
• Enduro Composites Inc.
• Evonik Industries
• FIMA Group Ltd.
• Nippon Shokubai Co. Ltd.

Inquire Before Buying This Report:

https://www.fortunebusinessinsights.com/enquiry/queries/polymer-gel-market-105325

Flat Glass Market Dynamics and Industry Trends, Market Share, Analysis of Covid-19 Impact, Competitive Analysis, Historical and Forecast Analysis from the year 2018 to 2030

According to a recently published report by Fortune Business Insights The global flat glass market is likely to gain traction from the rapid industrialization. It is driving the demand for flat glass as they are being used extensively in the commercial buildings to conserve energy. It is done by maximizing the usage of natural light. Fortune Business Insights™ provided this information in a recent report, The report further states that the flat glass industry share was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.

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.

Get Sample PDF Brochure:-

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/flat-glass-market-102720

Drivers & Restraints-

Rising Government Initiatives to Promote Energy Efficiency will Drive Growth

Flat glass is gaining popularity in the building & construction industry owing to its ability to provide excellent thermal insulation and acoustic insulation. Also, the increasing number of infrastructural development and construction activities would contribute to the flat glass market growth in the near future. 

Furthermore, the rising utilization of flat glass in commercial and residential buildings is enabling the usage of natural light and is reducing the consumption, as well as the cost of artificial lights. The governments of various countries are also implementing various stringent norms and regulations to promote energy efficiency. Researchers say that buildings adopting these rules are consuming approximately 40%-60% less energy, unlike the conventional buildings. However, the decomposition of raw materials and combustion of fuel oil often emit carbon dioxide in the atmosphere. It may obstruct the market growth. 

Segment-

Ability to Improve Solar Gain will Drive Growth of the Coated Segment

Based on product type, the market is categorized into toughened, laminated, extra clear, coated, and others. Out of these, in 2018, the coated segment held 23.9%flat glass market share. This growth is attributable to the possession of numerous beneficial properties of coated flat glass. These include enhanced self-cleaning, hydrophobic, anti-reflection, and insulation properties. Such glass aids in improving solar gain and in maintaining the heat inside the building. The laminated segment, on the other hand, holds the major share fueled by their upsurging demand from the construction and automotive industries. It is because they are capable of remaining intact when broken. 

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/flat-glass-market-102720

Regional Analysis-

Asia Pacific to Remain at the Forefront Stoked by Rising Infrastructural Development

Geographically, the market is divided into the Middle East and Africa, South America, Asia Pacific, Europe, and North America. Amongst these, Asia Pacific generated USD 53.41 billion in 2018in terms of market revenue. This growth is mainly attributable to the rising investments by the governments of various countries in infrastructural development, as well as construction activities. Besides, China, being the largest contributor to the demand for flat glass, would propel the overall growth in this region. North America is expected to grow considerably backed by the presence of various government regulations on constructing energy efficient buildings. 

Competitive Landscape-

Key Players Focus on the Strategy of Investment to Increase Sales 

The market consists of many companies. But only five companies out of those account for around 60% of the worldwide production capacity of flat glass. They are adopting strategies, such as the development of state-of-the-art technologies, superior operational efficiency, and diversified product portfolios to strengthen their positions. Below are two of the latest key industry developments:

• September 2019: Guardian Glass invested huge sums in the modernization and upgradation of glass production lines in Hungary and the U.K. 
• April 2018: Saint-Gobain acquired 50% stake in the flat glass production line ofJJG situated in the Shandong province of China to surge the former’s production capacity.

Inquire Before Buying This Report:

https://www.fortunebusinessinsights.com/enquiry/queries/flat-glass-market-102720

About Us:

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

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn Facebook Twitter

Japan Copper Foil Market emerging trends, market drivers, development opportunities

 Copper Foil Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

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

Request a Sample PDF Report:- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104925

The global Japan Copper Foil Market size is projected to reach USD 10,375.6 million by 2028, exhibiting a CAGR of 7.9% during the forecast period. According to a recent report by Fortune Business Insights™, titled “Japan Copper Foil Market, 2021-2028”, the value of the market stood at USD 5,703.0 million in 2020.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the Japan Copper Foil Market. The study assesses the market size of the global Copper Foil 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 Copper Foil Market Report:

Top players covered in the global Japan Copper Foil Market are ILJIN Materials Co., Ltd. (South Korea), Doosan Group (South Korea), Tex Technology Inc. (Japan), Mitsui Mining & Smelting Co., Ltd. (Japan), RCI Industries and Technologies Ltd. (India), Furukawa Electric Co., Ltd. (Japan), Shanghai Metal Corporation (China), SKC (South Korea), American Elements (U.S.), UACJ Foil Corporation (Japan), and more players profiled

The following are some of the Japan Copper Foil Market Reports' Most Important Features:

1. Detailed market study of the Copper Foil 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 Copper Foil Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Copper Foil Market Performance

Copper Foil Market Segmentation

Next, the research report reveals the development of the Copper Foil market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

Request Here for Customization @  https://www.fortunebusinessinsights.com/enquiry/customization/104925

Regional Segmentation of the Copper Foil Market:

The Copper Foil research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Copper Foil study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Copper Foil 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 Copper Foil Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Japan Copper Foil Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

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

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Copper Foil industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

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

Continued…

Enquire Before Purchasing This Report @ https://www.fortunebusinessinsights.com/enquiry/queries/104925

About Us:

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

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

U.S.:+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com 

Silicon Carbide Market Share Revenue, Demand and Forecast to 2029 | Rising Demand for Semiconductor to Drive Market Growth

 The global silicon carbide market size is envisaged to gain steady momentum over the next few years owing to increasing use of polyurethane, states Fortune Business Insights™, in its report, titled, “ Silicon Carbide Market, 2021-2028”.

Carborundum or Sic is a semiconductor. It is a rare natural mineral known as missaniate and synthetically it is produced as Sic powder. This material has a varied range of applications such as, it is used in clutches, car breaks, LEDs, bulletproof jackets and vests.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/silicon-carbide-market-104587 

Segmentation 

By device, the market is divided into SiC discrete device, SiC bare device and others. By application, the market is segmented into power grid devices, flexible AC Transmission System, high voltage direct current system, power supplies and inverters, RF devices & cellular base station, lighting control system, EV charging station and others. Lastly, in terms of geography, it is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Salient Features of the Report:

The report provides insights about the tangible intelligence into the trends, drivers, and various other aspects of the market and the holistic analysis of the factors restricting the growth of the market. It also emphasizes on granular assessment of the different market segments. And lastly, an in-depth evaluation of the regional prospects and the competitive dynamics influencing the market are given in the report.

Drivers & Restraints

Rising Demand for Semiconductor to Drive Market Growth

The increasing demand for semiconductors is expected to drive the silicon carbide market growth. Additionally, the shift toward renewable sources of energy is also accelerating the product's demand. Furthermore, Sic is extremely tough and hard as compared to silicon, because it is made of tetrahedra of carbon and silicon. SiC ceramics maintain their strength to very high temperatures, approaching 1600°C with no strength loss. Such factors make it suitable to be used in different industries.

On the other hand, cost effective alternatives such as gallium nitride is the major market constraint.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/silicon-carbide-market-104587 

Regional Insights

Asia Pacific to Lead, Backed by Rising Construction Activities

Geographically, Asia Pacific holds the dominant position in the silicon carbide market share. This dominance is attributable to the increasing use of it in electronic components. As China is one of the largest electronics producers globally. Additionally, governments’ initiatives to promote clean energy are also accelerating the market growth.   

North America and Europe are also anticipated to exhibit significant market share in the upcoming years owing to the large manufacturer base and use of Sic in manufacturing of electric vehicles (EV) hybrids is fueling the regional market.  

Competitive Landscape

Key Players to Focus on Launching New Products to strengthen the Market Growth

The global market for SiC has many prominent companies that are constantly trying to develop unique devices to cater to the demand of consumers across the globe. To do so, they are joining hands with local or reputed firms, launching new products to strengthen their portfolio in the market. Below is industry developments:

• November 2020: Infineon made collaboration with GT Advanced Technology to expand the facility unit of SiC.
• June 2020: Infineon announced the launch of new SiC powder modules for EVs.

List of Key Players Profiled in Report

• Infineon Technologies AG
• CREE, INC
• ST Microelectronics N.V
• Fuji Electric Co., Ltd
• General Electric

Textile Chemicals Market Revenue In Japan| Textile Chemicals Industry Future Growth, Trends and Top Key Players

The global textile chemicals market size is projected to reach USD 26.40 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of the growth of the market. According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period, 2020-2027.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/textile-chemicals-market-103284

Russia-Ukraine War Implication

The Russia-Ukraine war could change the Textile 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 Textile 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.

Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.

Cost-reduction Needs have put Innovations to the Fore

The report encompasses several factors that have contributed to the growth of the overall textile chemicals market in recent years. Among all factors, the increasing number of product innovations driven by rising need for low-cost products will have a huge impact on the growth of the market. Several companies are focusing on manufacturing methods with the view to minimizing the total product cost. In October 2019, Huntsman Corporation, a leading textile chemical manufacturer, announced that it has launched a new dyeing auxiliary that will save the total cost of polyester dyeing. The company introduced ‘Eriopon E-3 SAVE’ dyeing; a product with the ability to shorten the dyeing cycle of the polyester. The product will combine pre-sourcing, reduction, and dyeing in a single bath. This will significantly reduce the time as well as the cost associated with the product. Huntsman’s latest product is not the only progress that the company has made and recent activities will help the company gain a formidable stand in the market.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/textile-chemicals-market-103284

Asia Pacific Likely to Emerge Dominant; Presence of Major Textile Manufacturers will Bode well for Market Growth

The report analyses the latest 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. Asia Pacific is the hub for leading textile manufacturers. The region is home to companies such as DIC Corporation, Sarex Chemicals, and Kiri Industries. The favorable climatic conditions have led to an ease of availability of raw materials in several countries across this region. As of 2019, the market in Asia Pacific was worth 1.55 billion and this value is projected to increase at a considerable pace in the coming years.

The market in North America will rise considerably driven by the rise of the textile industry in this region. The country is constantly engaging in developing efficient textile apparels for use in the defense sector as well as the healthcare industry.

List of companies profiled in the report:

• Archroma (Switzerland)
• Huntsman Corporation (USA)
• DIC Corporation (Japan)
• Kiri Industries Ltd. (India)
• Covestro AG (Germany)
• Omnova Solutions Inc. (USA)
• Lubrizol Corporation (USA)
• Solvay S.A. (Belgium)
• Evonik Industries (Germany)
• Tanatext Chemicals (Netherlands)
• Rudolf GmbH (Germany)
• NICCA Chemical Co. Ltd. (Japan)
• Kemin Industries Inc. (USA)
• JINTEX Ltd. (Taiwan)
• Sarex Chemicals (India)

Industry Developments:

• March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.

Inquire Before Buying This Report:

https://www.fortunebusinessinsights.com/enquiry/queries/textile-chemicals-market-103284

Polyethylene Terephthalate (PET) Market May See a Big Move

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 Insights^TMhas 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)

Request a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/polyethylene-terephthalate-pet-market-101743

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.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/polyethylene-terephthalate-pet-market-101743

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

Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/polyethylene-terephthalate-pet-market-101743

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.

About Us:

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

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn Facebook Twitter