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Pharmaceutical Glass Packaging Market In-Depth

Pharmaceutical Glass Packaging Market In-Depth

The global pharmaceutical glass packaging market is set to gain momentum from the increasing development of new…

Nitesh Vhaval
Jul 2022
Intermediate
1 vote
Thermoplastic Elastomer Market Business Growth, Development Factors& Forecast Report by 2027

Thermoplastic Elastomer Market Business Growth, Development Factors& Forecast Report by 2027

The global thermoplastic elastomers market is set to gain traction from…

Nitesh Vhaval
Jul 2022
Intermediate
1 vote
Acetone Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028

Acetone Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028

The global acetone market trends is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis, By Application (Solvent, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others), By End-use (Paints & Coatings, Plastic, Automotive, Adhesives, Pharmaceuticals, Cosmetics, Electrical & Electronics, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth. To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: How Did We Create This Report? We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates. Drivers & Restraints- Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand. Segment- Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances. Regional Insights- Easy Availability of Raw Materials to Favor Growth in Asia Pacific In 2019, Asia Pacific held USD 1,739.2 million in terms of revenue. This growth is attributable to the lower labor cost and easy availability of raw materials in emerging countries, such as India and China. Dimethyl ketone is extensively used in numerous manufacturing processes as an industrial solvent in the region. North America, on the other hand, is anticipated to grow considerably backed by the increasing research and development activities in the electronics sector. It would further surge the demand for Bisphenol A. The presence of large chemical industries in the U.K., Italy, and Germany would propel growth in Europe. Competitive Landscape- Key Players Focus on Signing New Agreements to Enhance Their Portfolios The market for acetone contains many manufacturers that are mainly focusing on expanding their production capacities by adopting state-of-the-art technologies from other organizations. Some of the others are aiming to sign new agreements to acquire businesses of prominent firms. Below are the two latest industry developments: February 2020: PKN ORLEN is planning to adopt the Phenol 3G and UOP Q-Max™ technologies to manufacture 200,000 metric tons of phenol per year. It will be done in its facility situated in Poland. UOP is likely to offer a license for the technologies, along with adsorbents, catalysts, key equipment, and basic engineering design services. August 2019: Dow signed an agreement with ALTIVIA Ketones & Additives, LLC to sell off its Acetone Derivatives business. The company will now be able to align more with ALTIVIA’s portfolio and will aim to gain higher returns. A list of all the renowned acetone manufacturers operating in the global market: LyondellBasell Industries Holdings B.V. (Rotterdam, Netherlands) INEOS (London, UK) Altivia (Texas, U.S) Royal Dutch Shell Co. (The Hague, Netherlands) Honeywell International Inc (North Carolina, U.S) Mitsui & Co., Ltd. (Tokyo, Japan) SABIC (Riyadh, Saudi Arabia) KUMHO P&B CHEMICALS., INC. (Seoul, Korea) Cepsa (Madrid, Spain) Formosa Chemicals & Fibre Corp. (Changhua, Taiwan) Borealis AG (Vienna, Austria) PTT Phenol Company Limited. (Bangkok, Thailand) Prasol Chemicals Pvt. Ltd. (Navi Mumbai, India) Chang Chun…

Nitesh Vhaval
Jun 2022
Intermediate
1 vote
Specialty Chemicals Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028

Specialty Chemicals Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028

According to Fortune Business Insights™, The global specialty chemicals industry size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021. However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them. Solvay Launches New Line of High-Performance PPA Compounds Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry. Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield. The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector. Acquisition Activities to be the Predominant Expansion Strategies for Key Players The widening applicability of specialty chemicals is encouraging companies to rapidly expand their market presence. In pursuit of this goal, key players are making strategic acquisitions of other competitors, smaller entities, and financially weaker organizations. Such acquisitions are empowering players to gain an immovable and enviable position in the market, whilst diversifying their portfolios and strengthening their operations in emerging economies. Browse Detailed…

Nitesh Vhaval
Jun 2022
Intermediate
1 vote
Protective Clothing Market Scope and overview, Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2027

Protective Clothing Market Scope and overview, Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2027

As per study by Fortune Business…

Nitesh Vhaval
Jun 2022
Intermediate
1 vote
Exterior Wall Systems Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028

Exterior Wall Systems Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028

The global exterior wall systems market size is projected to reach USD 364.61 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Increasing urbanization worldwide will be one of the most prominent factors fueling the growth of this market, observes Fortune Business Insights™. The UN World Urbanization Prospects 2018 estimates that nearly 70% of the global population will be housed in urban areas by 2050. According to the UN, India, China, and Nigeria will be the global urban hotspots, adding 416 million, 255 million, and 189 million urban dwellers, respectively, in the next three decades. Urban areas typically comprise a large of residential and commercial infrastructures that require efficient and effective external protection from inclement weather, natural disasters, and pollution. Exterior wall systems provide this protection to buildings owing to their properties of thermal insulation and the ability to prevent excessive water penetration that can weaken structural integrity. Thus, rapid growth in urban spaces around the globe will create excellent opportunities for players in this market. Restraining Factor Subdued Construction Activities amid COVID-19 to Restrict Market Growth The exterior wall systems market growth is expected to get hit in 2020 as the COVID-19 pandemic has caused a severe downturn in construction activities worldwide. In August 2020, the London-based Royal Institution of Chartered Surveyors (RICS) reported that only 20% of the halted construction projects around the globe are likely to restart in the post-pandemic period. Regional Insights Infrastructural Development Enable Rapid Market Expansion in Asia Pacific With a market size of USD 86.45 billion, Asia Pacific commanded the exterior wall systems market share in 2019 and is expected to continue its exceptional performance during the forecast period. This expectation from the region is based on the massive investments by governments in India and China to support infrastructural development. More specifically, these countries are aggressively implementing policies and adopting advanced technologies to build sustainable critical infrastructures such as airports and railways, which is likely to spike the demand for exterior wall systems in the region. In Europe, favorable policies of the European Union (EU) supporting the construction of energy-efficient buildings in the continent are accelerating market growth in the region. In North America, the speedy uptake of highly sophisticated construction technologies and materials will propel regional market growth. Competitive Landscape Development of Sustainable Insulation Solutions by Key Players to Augment Market Potential Key players in this market are concentrating their resources and technologies towards developing next-gen, sustainable exterior and interior insulation solutions for the construction industry. To further enhance their R&D capacity, companies are also forging alliances with other players as well as engaging in acquisition activities. Industry Development: September 2020: Saint-Gobain announced the takeover of the Dutch external insulation specialist, Strikolith. The acquisition will allow Saint-Gobain to expand its offerings in External Thermal Insulation Composite Systems and construction…

Nitesh Vhaval
Jun 2022
Intermediate
1 vote
Bioplastics Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2026

Bioplastics Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2026

The global industrial coatings market…

Nitesh Vhaval
Jul 2022
Intermediate
1 vote