Textile Chemicals Market Revenue In US| 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.

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Russia-Ukraine War Implication

North America Hot Melt Adhesives Market Statistics and Research Analysis Detailed in Latest Research Report

The North America hot melt adhesives market size stood at USD 1.86 billion in 2021. The market is anticipated to surge from USD 1.98 billion in 2022 to USD 2.80 billion by 2029 at a 5.1% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “North America Hot Melt Adhesives Market, 2022-2029.”

According to the analysis, hot melt adhesives (HMAs) will be highly sought-after for manufacturing solid materials based on thermal polymers. Prominently, expanding the packaging and construction sector will augur well for the regional growth. For instance, HMAs have become trendier to maintain storage space in the automotive sector amidst soaring demand for pressure-sensitive adhesives.

Major Players Profiled in the Market Report:

• Exxon Mobil Corporation (U.S.)
• Dow Inc. (U.S.)
• 3M (U.S.)
• Henkel Corporation (Germany)
• B. Fuller Company (U.S.)
• BASF SE (Germany)
• Sika AG (Switzerland)
• Bostik (France)
• AVERY DENNISON CORPORATION (U.S.)
• LyondellBasell Industries Holdings B.V. (U.S.)

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COVID-19 Impact

Moderate Demand from Construction Sector to Challenge Stakeholders

With the prevalence of supply chain disruptions across construction, footwear and packaging industries, industry players struggled to expand their penetration. Industry participants observed shifting global trade relations and transportation delays, prompting companies to invest in local production. Stakeholders are likely to bank on digital technology to boost the footfall of adhesives across the U.S. and Canada. In doing so, adhesive manufacturers could seek e-commerce channels and portable devices to expand their penetration.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue and volume. It has also delved into Porters’ Five Force Analysis SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the North America Hot Melt Adhesives Market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

 

The ethylene vinyl acetate segment is likely to expand at a notable CAGR owing to surging demand for solar panels, packaging and pharmaceutical products. Moreover, rising investments in leather and footwear will encourage companies to invest in the portfolio.

Packaging to Gain Traction from the Presence of Leading Companies

In terms of application, the industry includes packaging, woodworking, transportation, assembly, footwear & leather, building & construction, bookbinding, nonwovens and others segments. The packaging application will account for a notable share of the North America market due to the trend for convenient options. Besides, leading players have infused funds into innovations and R&D activities.

 

Drivers and Restraints

Trend for Biodegradable Adhesive Packaging to Underpin Regional Growth

North America hot melt adhesives market growth will be noticeable on the back of the trend for biodegradable packaging across packaging, lamination and bookbinding industries. The global push for sustainable packaging solutions has prompted investments in biodegradable hot melt adhesives. Furthermore, traction for online shopping has augured well for leading companies vying to boost their footfall. Adhesive manufacturers could gain an uptick from the e-commerce sector across the U.S. and Canada. It is worth mentioning that durability, tremendous adhesion and adaptability to surfaces will play a pivotal role in boosting the industry growth.  

Meanwhile, possible chances of downtime could mar the regional growth in the ensuing period.  

Regional Insights

The U.S. to Spearhead Growth Outlook with Expanding Construction Activities

The U.S. market forecast will be strong in the wake of surging demand from commercial and residential activities across the region. Prominently, rising investments in the furniture sector could propel the penetration of polyurethane-based adhesives. It is worth noting that HMAs receive impetus from the rising production of automotive interior panels.

Canada will contribute significantly toward North America hot melt adhesives market share in the light of bullish demand for advanced infrastructure. End-users are likely to bank on burgeoning industrialization and urbanization over the next few years. Industry players are likely to invest in hot melt adhesives with a surge in demand for the paper board.

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Competitive Landscape

Stakeholders Invest in Product Launches to Expand their Footprint

Major players could infuse funds into product launches, technological advancements, mergers & acquisitions and R&D activities. Besides, leading companies will focus on innovations to boost their footfall in the next few years.

Prominent Industry Development

• December 2020 – B. Fuller Company announced the launch of adhesive grades for intense cold handling of vaccinations and drug packaging.

Table of Content

• Introduction
  • Research Scope
  • North America Hot Melt Adhesives Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Emerging Trends
• Key Insights
  • Key Emerging Trends
  • Regulatory Analysis
  • Recent Industry Developments - Policies, Partnerships, New Raw Material Launches, and Mergers & Acquisitions
  • Latest Technological Advancement
  • Porters Five Forces Analysis
• Qualitative Insights – Impact of COVID-19 on North America Hot Melt Adhesives Market
  • Supply Chain Challenges
  • Steps taken by Government/Companies to overcome this impact
  • Potential opportunities due to COVID-19 outbreak
• North America Hot Melt Adhesives Market Analysis, Insights and Forecast, By Raw Material 2018-2029
  • Key Findings / Summary
  • Market Size Estimates and Forecast (Volume/Value)
    • Ethylene Vinyl Acetate (EVA)
    • Polyolefin
    • Styrenic Block Copolymers (SBC)
    • Polyurethane (PU)
    • Polyester
    • Others

Table of content continued

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Marine Anti Fouling Coatings Market Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2029

 The global marine anti-fouling coatings market size is expected to grow substantially due to its rising adoption to create offshore vessels. Its antimicrobial properties are responsible for boosting its demand in the market, which, in turn, can boost the market growth. Fortune Business Insights™ 

Marine anti-fouling coatings are a special coating that is applied to hulls of ships or boats. It provides antimicrobial solutions to mitigate the growth of microorganisms and bacteria on hulls. It enhances the efficiency and safety of the hull to tackle microbial formation. Marine anti-fouling coatings enhance the resistance of hulls when ships and boats are afloat in water. In addition, it is used in several offshore vehicles such as cargo and passenger boats. Hence, due to marine anti-fouling coating's rising adoption in boats, the market is likely to magnify during the foreseeable period. 

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Segments

By type, the market is segregated into hybrid, self-polishing, copper-based, and others. Based on applications, it is classified into tank coatings, hull coatings, and others. Geographically, it is clubbed into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. 

Highlights of the Report

• The report provides an analysis of the top segments and the recent market trends.
• It comprehensively discusses the impact of COVID-19 on the market and the driving and restraining factors.
• This report examines the strategies implemented by the market's key players and the regional developments.

Drivers and Restraints

Rising Adoption of Anti Fouling Coating in Oil Exploration Activities to Enhance Market Growth

Marine anti-fouling coatings are used extensively in passenger, offshore, and cargo boats to coat the hull of ships. Anti-fouling coatings reinforce the hull to protect it from several damages. It eliminates the formation of fungus, green algae, and other bacteria and ensures the safety of hull surfaces from cracks and other damages. Marine anti-fouling coating protects the hull against corrosion and other damages. It is used in boat paints to eliminate seaweed, barnacles, and slime to damage the hull of the boat. Furthermore, the marine anti-fouling coatings use biocide to kill the organisms present on slimes, weed, and fungus and eliminate the growth of impurities on the hull. Thus this factor can drive the marine anti-fouling coatings market growth.

However, the regulations regarding the manufacturing activities of marine anti-fouling coatings are likely to hamper the market growth.

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Regional Insights

Prevalence of Largest Ship Manufacturing to Enhance Market Growth in Asia Pacific

Asia Pacific is expected to dominate the marine anti-fouling coatings market share due to the soaring demand for the product in ship manufacturing. The prevalence of a huge ship manufacturing base in the region is expected to propel market growth.

In North America, the spike in gas mining and offshore oil collection activities is likely to boost the marine anti-fouling coatings demand. Therefore, due to the high product demand, the market is expected to grow substantially. 

In Europe, the increasing population and import & export activities are responsible for fueling the product demand. Thus, this factor is responsible for bolstering the market growth.

Competitive Landscape

Prominent Companies to Invest in Advanced Production Technologies to Enhance Brand Image

The prominent players of the competitive space utilize advanced production technologies to enhance the quality of their products. This strategy can improve the product quality and attract consumers, thereby enhancing their brand image. Further, the investment in research & development has enabled the companies to enhance the product's ability to withstand fungus and bacteria, which, in turn, enhances its resistance against harmful bacteria and improves the durability of hulls. The undertaking of expansion has enabled the company to improve its reach in the global market. 

Industry Development

• February 2021: Nippon Paint Marine launched a new antifouling technology that enhances consistency and antifouling performance significantly. It reduces the time consumption for producing materials and helps maintain the film thickness as per the requirement of the application it is used for.

List of Key Players Profiled in the Marine Anti-Fouling Coatings Market Report

• AkzoNobel NV

• PPG Industries Inc.

• Jotun

• Hempel AS

• BASF SE

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Synthetic Rubber Market (COVID-19 Impact Analysis) - Current Trends Analysis with Growth Segments, Threats, Opportunities, Development and Survey till 2028

The synthetic rubber market size was pegged at USD 28.89 billion in 2021. The market is anticipated to rise from USD 29.86 billion in 2022 to USD 41.73 billion by 2029 at a 4.9% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “Synthetic Rubber Market, 2022-2029.”

According to the study, artificial elastomer has gained an uptick following the need for high tensile strength, recyclability and resistance to abrasion and swelling. Growing investments in research & development activities and demand from construction, aerospace, and construction sectors will augur well for the business outlook. Industry players expect the ensuing period to provide promising growth opportunities with rising demand from the end-users.

Major Players Profiled in the Report:

• Indian Synthetic Rubber Private Limited (India)
• Apcotex Industries Limited (India)
• Reliance Industries Limited. (India)
• Trinseo (U.S.)
• LANXESS (Germany)
• Sinopec (China)
• Goodyear Tire and Rubber Company (U.S.)
• Kumho Petrochemical (South Korea)
• TSRC Corporation (Taiwan)
• Nizhnekamskneftekhim (Russia)
• JSR Corporation (Japan)

 

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COVID-19 Impact

Manufacturing Plant Shutdown Challenged Stakeholders to Expand their Footfall

A notable dip in the aviation sector and automotive industry did not bode well for leading companies gearing to expand their portfolios. The potential closure of manufacturing plants and postponement of projects challenged leading companies. Supply chain disruptions across the end-use sectors sent shock waves in the global landscape. That said, robust government policies could encourage major players to boost their portfolios. Economic revival and rise in automotive production could reshape the industry dynamics.

Segments

In terms of type, the synthetic rubber market is segmented into nitrile rubber, styrene butadiene rubber, butyl rubber, polybutadiene rubber, and others.

Based on application, the market is segregated into non-tire automotive, tire, footwear, industrial rubber goods, and others.

With respect to geography, the market is fragmented into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.

 

Report Coverage

The report offers a comprehensive perspective of the market size, share, volume, and revenue. It has also delved into SWOT analysis and Porters’ Five Force Analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

Drivers and Restraints

Notable Trends from Automotive Sector to Propel Industry Outlook

The synthetic rubber market share will witness an upward trajectory on the back of surging demand for anti-slip properties across tire applications, including door & window profiles, flooring, O-rings & gaskets, hoses and belts. The automotive sector is likely to exhibit traction for synthetic rubber following the need for abrasion and temperature resistance. It is worth noting that artificial rubber has gained an uptick owing to its suitability for applications in environments exposed to high temperatures, greases, chemicals and oxidizing compounds.

However, potential health issues, including shortness of breath, asthma and stroke, could challenge industry players vying to boost their portfolios.

Regional Insights

Bullish Demand for Styrene-Butadiene Rubber to Augment the Market in Asia Pacific

Well-established players and new entrants are expected to explore opportunities across China, Australia, and India with the rising popularity of nitrile rubber and styrene-butadiene rubber. The rising infrastructural projects and the expansion of the footwear sector will augur well for the regional outlook. The Asia Pacific synthetic rubber market growth will be pronounced due to higher production of various grades of non-automotive products and tires.

The Europe synthetic rubber market outlook will be robust on the heels of rising footfall of nitrile rubber across industrial goods applications. Besides, strong footfall of hoses, belts and tires across Germany, the U.K., France and Italy will fare well for regional growth. Additionally, artificial rubber has gained considerable prominence across footwear and non-tire automotive applications.

Industry participants expect North America to provide promising growth opportunities following the penetration of electrical & electronic and tire across the U.S. and Canada. Advancements in the tire and the growth of industrial rubber goods will foster regional growth. It is worth noting that the aerospace and construction sectors will be the major recipients of the manmade rubber.

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Competitive Landscape

Stakeholders Invest in Organic and Inorganic Strategies to Expand Footfall

Major players are poised to infuse funds into mergers & acquisitions, technological advancements, product rollouts, and R&D activities. Besides, investments in innovations and product offerings will gain prominence to expand their geographical footprint.

Table of Content

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Emerging Trends – For Major Countries
  • Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
  • Latest Technological Advancement
  • Insights on Regulatory Scenario
  • Porters Five Forces Analysis
• Qualitative Insights on Impact of COVID-19 on Global Synthetic Rubber Market
  • Supply Chain Analysis & Challenges due to Covid-19
  • Steps taken by Government / Companies to Overcome this Impact
  • Potential Challenges and Opportunities due to COVID-19 Outbreak
• Global Synthetic Rubber Market Analysis, Insights and Forecast, 2016-2027
  • Key Findings / Summary
  • Market Size Estimates and Forecast
    • By Type (Value and Volume)
      • Styrene Butadiene Rubber
      • Nitrile Rubber
      • Polybutadiene Rubber
      • Butyl Rubber
      • Others
    • By Application (Value and Volume)
      • Tire
      • Non-tire Automotive
      • Industrial Rubber Goods
      • Footwear
      • Others
    • By Region (Value and Volume)
      • North America
      • Europe
      • Asia Pacific
      • Latin America

Middle East & Africa

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Key Industry Development

April 2020 - SIBUR’s Krasnoyarsk started its commercial manufacturing of synthetic nitrile butadiene rubber (NBR) latex with an annual capacity of 3.5 KT. The aim of the project is to develop a feedstock base for import substitution of diagnostic exam gloves through the localization of manufacturing in Russia. Hence, this development will help the company to set the stage for the development of the latex manufacturing industry. 

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Atmospheric Water Generator Market Size, Share, Top Vendors, Industry Trends, Growth by 2027

 The global atmospheric water generator market is expected to touch USD 6,214.9 million by 2027 on account of the rising demand for potable water and decline in the availability of freshwater. As per a recent report published by Fortune Business Insights titled, “Atmospheric Water Generator Market Size, Share & COVID-19 Impact Analysis, By Product Type (Cooling Condensation and Desiccant Based), By Application (Industrial, Commercial and Household), and Regional Forecast, 2020-2027,” the value of this market was USD 1,940.8 million and will rise at a CAGR of 18.1% between 2020 and 2027.

Highlights of the Report

• A comprehensive overview of the atmospheric water generator market
• Key drivers, restraints, challenges, and future opportunities
• Significant industry developments, and current trends of the market
• Table of segmentation based on factors such as product type, application, and region
• List of players and the major strategies adopted to earn significance in the market competition

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Drivers & Restraints-

Advent of Smart Technology into Water Generators to Add Impetus

The rise in industrialization and urbanization have led machines to overpower natural habitat. A decline in freshwater sources has been observed so as to provide more space for new buildings and recreational spaces. The decline in the level of freshwater sources, coupled with the increasing industrialization and urbanization are the key factors promoting the atmospheric water generator market growth. Besides this, the stringent regulations imposed on environment and water safety will also aid in favor of the market.

However, the rise in carbon footprint and the high requirement for power generation to suffice to the needs of all residential, commercial, and industrial sectors may pose major challenges to the market in the coming years. Nevertheless, the advent of technological innovations such as smart technology, cooling condensation wet desiccation, and others are likely to help create lucrative growth opportunities to the market in the coming years.

Industrial Segment Gained Dominance Owing to High Demand for Water

The global market for atmospheric water generator is dominated by the industrial section based on segmentation by application with a 74.5% share earned in 2019. The growth of this section is attributed to the large quantity of water used in industries and manufacturing units. Large scale industries are now acquiring economical and sustainable water solutions such as atmospheric water generator to meet the increasing demand for water.

Regional Analysis-

The Middle East and Africa Dominated Market Owing to Extreme Water Scarcity

The weather conditions in the Middle East and Africa is majorly responsible for scarcity of water. The aforementioned regions are heavily dependent on desalination plants and water bottles to suffice to their daily needs. The use of air to water systems in this region helps this region to produce more potable water more economically. Therefore, this region dominated the market in 2019 and are likely to continue doing so in the coming years as well.

Additionally, North America earned 217.8 million in 2019 and Asia Pacific is expected to rise at a CAGR of 21.1% in the forecast period accountable to the increasing water scarcity problems in South-east Asian Nations.

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Competitive Landscape-

Companies Introducing New Products to Earn Lion’s Share

Some of the companies operating in this market are engaging in new product launches and are therefore investing heavily in latest technology. Other vendors are engaging in joint ventures and partnerships to collaboratively earn significant revenues, thereby making a significant remark in the market competition.

Significant Industry Developments of the Atmospheric Water Generators Market are:

December 2019 – GENAQ Technologies S.L. showcased their air generators in the largest building and construction event called “The Big 5” in the Middle East. It also promoted the S50 generator and provided brief information on air and water technologies.

Some of the Key Players of this Market include:

• Water-Gen Ltd. (North Carolina, USA)
• Akvosphere (West Bengal, India)
• Drinkable Air Technologies (Florida, USA)
• Eshara Water (Abu Dhabi, UAE)
• Water Technologies International, Inc. (Florida, USA)
• Clean Wave Products (USA)
• Atmospheric Water Generator, LLC (Florida, USA)
• GENAQ Technologies S.L. (Lucena, Spain)
• Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd. (Fujian Province, China)
• Atlantis Solar (New York, USA)
• Island Sky Corporation (Florida, USA)
• WaterMaker India Pvt. Ltd. (Maharashtra, India)
• Dew Point Manufacturing (British Columbia, Canada)
• PlanetsWater Ltd. (London, U.K.)
• Eurosport Active World Corporation (Florida, USA)
• Others

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US Nylon Market size is expected to reach USD 28.79 billion by 2027

 Nylon 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  Nylon market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  Nylon 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.

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The US Nylon Market size is expected to reach USD 28.79 billion by 2027 while exhibiting a CAGR of 6.0% between 2020 and 2027. This is attributable to the increasing focus on developing innovative products and the growing demand for nylon 66 in the packaging industry across the globe. Fortune Business Insights™, in its latest report, titled, “US Nylon Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027,” observes that the market stood at USD 24.26 billion in 2019 and is projected to experience significant growth in the forthcoming years.

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 US Nylon Market. The study assesses the market size of the Nylon 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 US Nylon Market Report:

Top players covered in US Nylon Market are DuPont, BASF SE, Lanxess AG, Nylon Corporation of America, Inc., Shenma Industrial, Ascend, Domo Chemicals, Radici Partecipazioni SpA, Invista, DSM, Formosa Group, etc

The following are some of the US Nylon Market Reports' Most Important Features:

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

Nylon Market Segmentation

Next, the research report reveals the development of the Nylon 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.

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Regional Segmentation of the Nylon Market:

The Nylon research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Nylon study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Nylon research study also examines the market size and volume at the and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Nylon 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 US Nylon 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 Nylon 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 Nylon research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Nylon 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.  Market Definition and Scope
Chapter 3.  Market Dynamics
Chapter 4.  Nylon Market Industry Analysis
Chapter 5. Nylon  Market, by Type
Chapter 6. Nylon  Market, by Application
Chapter 7. Nylon  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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US Chemical Synthesis Methyl Salicylate market Share, Outlook, and Global Opportunity Analysis, 2022-2029

 The global chemical synthesis methyl salicylate market size is projected to experience dynamic growth in the forthcoming years owing to the increasing demand for methyl salicylate across the industrial spectrum, observes Fortune Business Insights™

Methyl salicylate is an organic ester produced naturally using various species of plants. This chemical compound is used in many industries such as food and beverage, cosmetics, pharmaceutical, and others. There is a growing demand for methyl salicylate in the medical sector as this product is beneficial for the treatment of muscular as well as joint pains such as backache, arthritis, and others, which is expected to drive the growth of this market. Further, chemical synthesis methyl salicylate is widely used as a flavoring agent in chewing gums, mints, and other such delicacies in diluted concentrations, which is also an important factor responsible for the growth of this market.

However, the overdose of methyl salicylate is considered fatal for human health, which is projected to restrict the growth of this market.

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Market Segmentation:

On the basis of type, this market is divided into high-purity methyl salicylate and low-purity methyl salicylate. Based on application, the market is classified into pharmaceuticals, food and beverages, cosmetics, liniments, and others. By geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights/Summary:

This research report offers an in-depth study of the driving factors, restraints, and trends influencing the growth of the market. In addition, this report offers an exhaustive diagnosis of the market segments and regional developments in the market. Further, this report also incorporates a thorough assessment of the strategies adopted by market players to deepen their market footprint.

Drivers/Restraints:

Rising Demand for Methyl Salicylate in the Cosmetics Industry to Boost the Market

There has been an increasing demand for methyl salicylate in cosmetic products, such as massage oils, creams, and others, as it acts as a warming agent and analgesic, which helps to reduce pain and provides relief to the muscles and joints, an important factor responsible for this market’s growth. Further, chemical synthesis methyl salicylate is also used in perfumes and in oral hygiene products, such as mouthwash and others, where it acts as an antiseptic, which has resulted in the growth of this market. Furthermore, with the proliferation of supermarkets, departmental stores, and online shopping platforms in urban areas, the availability of personal care items has become widespread, generating another growth vista for this market.

Regional Insights:

Promising Growth of the Chemical Sector to Aid the Asia Pacific Market Expansion

Asia Pacific is foreseen to dominate in the chemical synthesis methyl salicylate market share on account of the sterling growth of the chemicals sector in China, India, and other Southeast Asian countries, which are producing this compound on a large scale in this region.

North America is projected to grow rapidly in this market due to the research and development activities in the pharmaceutical industry and the rising investments by the US and Canadian governments in the development of novel medicines. Europe is anticipated to expand speedily in the market on account of the fast-growing food industry, where there is a huge demand for chemical synthesis methyl salicylate in several food products and beverages, such as candies, peppermints, and almonds.

Competitive Landscape:

Strategic Alliances to Feed Market Competition

Key market players are actively collaborating with their competitors to strengthen their manufacturing and production capabilities for chemical synthesis methyl salicylate. Moreover, such partnerships are allowing the key companies to widen their presence in the market and expand their business horizons, especially in emerging economies.

List of Key Players Covered in Chemical Synthesis Methyl Salicylate Market Report:

• Novacyl
• Rhodia
• Norkem
• Rishabh Metals and Chemicals
• Arochem
• SCPL
• Shandong Longxin Chemical
• Zhenjiang Gaopeng Pharmaceutical

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