Wednesday, September 14, 2022

US Ceramic Tiles Market Report Analysis | CAGR of 4.7% between 2019 to 2026.

 US Ceramic Tiles 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  US Ceramic Tiles market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  US Ceramic Tiles 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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As per a report published by Fortune Business Insights The US Ceramic Tiles market size is projected to reach USD 82.83 billion by 2026, attributable to rise in construction activities worldwide. US Ceramic Tiles offer functions such as scratch-resistance, slip-resistance, cracking-resistance, and are appealing aesthetically. Fortune Business insights™ provide a comprehensive overview of the market in their recently published report The US Ceramic Tiles market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026.

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

Top companies covered in US Ceramic Tiles Market are CerĂ¢mica Carmelo Fior, White Horse Ceramic, MOHAWK INDUSTRIES INC, Kajaria Ceramics Limited, Ceramic Industries Group, STN CerĂ¡mica, Dynasty Ceramic Public Company Limited and more profiled players

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

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

US Ceramic Tiles Market Segmentation

Next, the research report reveals the development of the US Ceramic Tiles 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 US Ceramic Tiles Market:

The US Ceramic Tiles research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the US Ceramic Tiles study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The US Ceramic Tiles 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
» US

The report studies the US Ceramic Tiles 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 Ceramic Tiles 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 US Ceramic Tiles 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 US Ceramic Tiles 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 US Ceramic Tiles 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.  US Ceramic Tiles Market Industry Analysis
Chapter 5. US Ceramic Tiles  Market, by Type
Chapter 6. US Ceramic Tiles  Market, by Application
Chapter 7. US Ceramic Tiles  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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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

US : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com 

Tuesday, September 13, 2022

Composite Decking Market Growth, Development Factors, Business Insights, Value Chain and Sales Channels Analysis 2029

 The global composite decking market size is set to grow due to the rising demand in the construction industry for low maintenance buildings, interior & exterior renovation, as well infrastructure developments. Fortune Business Insights presents this information in its report titled “Composite Decking Market, 2022-2029."                                  

Composite decking is also known as wood-plastic. It is made up of bamboo, polyethylene, wood, polyvinyl chloride, and polypropylene. Composite decking is cost-effective, recyclable, durable and makes the best substitute for timber. The product is ideal for commercial and residential buildings. Besides, it makes the surface less prone to staining, mold, scratching, and fading.

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Market Segments: 

Based on material type, the market is classified into bamboo fibers, wood fibers, recycled and plastic, and others.

On the basis of type, the market is split into capped composites and uncapped composites.

In terms of application type, the market is broken down into residential and commercial.

Region-wise, the market is segregated into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa

Report Coverage:

The report offers:

  • Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
  • Comprehensive insights into the regional developments and regulatory scenarios.
  • List of major industry players.
  • Key strategies adopted by the market players.
  • Latest industry developments such as latest technological advancement, partnerships, mergers, and acquisitions.  

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Drivers & Restraints:

Replacement of Old-Fashioned Decking Promotes Composite Decking Adoption     

Composite decking market growth will gain traction from the rising demand for low maintenance building projects, durable infrastructure, and interior and exterior renovation. Also, replacement of old-fashioned decking materials boosts the adoption of capped and uncapped composite decking products.

On the contrary, the raw material cost fluctuation may impact the overall composite decking prices. Besides, prohibited adoption in various applications may hamper the market growth during the forecast period.

Regional Insights:       

Rising Demand in Residential Buildings to Boost Growth in North America

Composite decking market share is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to witness sustainable growth due to the rising demand for residential buildings in regions such as the U.S. and Canada.

Asia Pacific is showing significant growth due to rising growth in the construction industry. Increasing demand for commercial buildings will boost the market share in Europe.

Middle East & Africa is expected to show steady growth for their rising demand for plastic material in the production of composite decking.

Notable Industry Development:    

January 2022 – Fiberon announced plans to set up a new facility in Tennessee to ramp up production of composite decking, cladding plans, and railing.                        

The Report Lists the Key Players Profiled in the Market Report:         

  • Trex Company, Inc. (U.S.)
  • Square Foot (U.S.)
  • Green Bay Decking (U.S.)
  • TAMKO Building Products, Inc. (U.S.)
  • Fiberon (U.S.)
  • ARCAT, Inc. (U.S.)
  • PROFESSIONAL BUILDER (Qatar)
  • UFP Industries, Inc. (U.S.)

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Monday, September 12, 2022

Acrylonitrile Butadiene Styrene Market Revenue In US| Acrylonitrile Butadiene Styrene Industry Future Growth, Trends and Top Key Players

The global acrylonitrile butadiene styrene market share is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period. The phenomenal growth in the global construction industry will be a prime growth driver for this market, states Fortune Business Insights™ 

The construction industry has entered a phase of prolific expansion due to the rapid growth in world population and the proliferation of residential and commercial spaces in urban areas. According to a study by Oxford Economics and Global Construction Perspectives, the volume of construction output is slated to grow by 85%, hitting a value of USD 15.5 trillion by 2030. Led by construction activities in China, India, and the US, Oxford Economics, in a recent report predicted that even amid the COVID-19 pandemic, the construction industry will rise by 35% and reach USD 5.8 trillion by 2030. Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings. Thus, as construction activities surge around the world, the demand for ABS is likely to remain steady over the forecast period.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Acrylonitrile Butadiene Styrene 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 Acrylonitrile Butadiene Styrene 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 report states that the global market value in 2019 was at USD 25,135.0 million. The main highlights of the report include:

  • Surgical analysis of the major market drivers, trends, and restraints;
  • In-depth diagnosis of each market segment;
  • Unmatched research into the regional developments and prospects of the market; and
  • Valuable insights into the profiles and strategies of the key market players.

Competitive Landscape

Focused Investments in Innovation by Key Players to Heat up Competition

The competitive milieu of this market is getting intensified by the heightening investments by key players to boost their innovation capacities. These investments are aimed at empowering companies to develop and introduce novel ABS solutions and capture a larger market share as well as strengthen their global market presence.

Industry Development:

  • September 2020: Covestro AG announced its futuristic automotive headlight concept that involves the usage of only one material, the polycarbonate Makrolon, which meets the functional and aesthetical demands of vehicles. The headlight will also utilize a blend of acrylonitrile butadiene styrene along with a scratch-resistant coating to cover the outer lens.

List of Key Companies Profiled in this Market Report:

  • Formosa Chemicals & Fibre Corp (Tainan City, Taiwan)
  • Asahi Kasei Corp. (Tokyo, Japan)
  • LG Chemicals (Seoul, South Korea)
  • INEOS (London, UK)
  • 3M (Minnesota, United States)
  • KUMHO PETROCHEMICAL (Seoul, South Korea)
  • Chi Mei Corporation (Tainan City, Taiwan)
  • SABIC (Riyadh, Saudi Arabia)
  • Covestro AG (Leverkusen, Germany)
  • BASF (Ludwigshafen, Germany)

Restraining Factor

Fluctuating Demand for Plastics from the Auto Industry amid COVID-19 to Inhibit Growth

The arrival of COVID-19 led to massive upheavals in several industries, with the plastics industry is facing a moderate impact of the pandemic, which in turn in expected to have spillover effects on the acrylonitrile butadiene styrene market growth. Polymer manufacturers catering specifically to the automotive industry have been severely hit by the pandemic as many large automakers worldwide have had to shut down their operations in response to lockdowns and plummeting demand. For example, Fiat Chrysler announced that it will be ending its production activities at its plants in Serbia, Italy, and Poland, while Volkswagen declared closure of its plant in Spain. According to a survey conducted by the US-based Manufacturers Association for Plastics Processors (MAPP) in August 2020, plastic businesses linked almost exclusively to the automotive sector are on track to meet only 75% of the expected revenues in 2020. Since ABS materials are widely adopted for making various auto components, a slump in the auto industry will inevitably hinder the growth of this market.

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Regional Insights

North America to Command Revenue Share; Asia Pacific to Dominate the Overall Market

In terms of revenue, North America is envisioned to lead the global ABS market owing to the rising demand for lightweight automobiles in the region, supported by the spreading awareness about fuel efficiency and economy of vehicles among consumers across the US and Canada. The other factor responsible for the high revenue generation in the North America market is the extensive adoption of ABS and other polymer-based materials in the healthcare industry to combat the coronavirus.

Asia Pacific, where the market size stood at USD 14,244.2 million in 2019, is expected to dominate the overall acrylonitrile butadiene styrene market share during the forecast period on account of the exponential growth of the construction industry in India and China. Increasing disposable incomes of car buyers in these two countries will also allow the regional market to register robust growth in the coming years.

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UK Methyl Methacrylate Market Competitive Landscape Key Players’ Strategies and Product Portfolio

 Methyl Methacrylate 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  Methyl Methacrylate market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  Methyl Methacrylate 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 UK Methyl Methacrylate Market size is projected to reach USD 23.45 million by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Methyl Methacrylate (MMA) Market Size, Share & Industry Analysis, and Regional Forecast, 2020-2027,” the market was worth USD 12.57 million in 2019 and will exhibit a CAGR of 8% during the forecast period, 2020-2027.

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 UK Methyl Methacrylate Market. The study assesses the market size of the Methyl Methacrylate 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 UK Methyl Methacrylate Market Report:

Top companies covered are Arkema, Sumitomo Chemical Company , Dhalop Chemicals , Kuraray Group , Saudi Methacrylates Company (SAMAC) , The Dow Chemical Company , Asahi Kasei Corporation , Huntsman Corporation , Lucite International , Mitsubishi Chemical Corporation and more players profiled in UK Methyl Methacrylate Market research report..

The following are some of the UK Methyl Methacrylate Market Reports' Most Important Features:

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

Methyl Methacrylate Market Segmentation

Next, the research report reveals the development of the Methyl Methacrylate 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 Methyl Methacrylate Market:

The Methyl Methacrylate research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Methyl Methacrylate study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Methyl Methacrylate 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
» US

The report studies the UK Methyl Methacrylate 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 UK Methyl Methacrylate 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 Methyl Methacrylate 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 Methyl Methacrylate 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 Methyl Methacrylate 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.  Methyl Methacrylate Market Industry Analysis
Chapter 5. Methyl Methacrylate  Market, by Type
Chapter 6. Methyl Methacrylate  Market, by Application
Chapter 7. Methyl Methacrylate  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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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 

Agricultural Surfactants Market Expected to Witness the Highest Revenue Growth Over Forecast Period From 2020 to 2027

The global agricultural surfactants market size is expected to showcase significant growth by reaching USD 1,927.5 million by 2027 while exhibiting a CAGR of 5.1% between 2020 and 2027. The growth is attributed to the increasing population rate and the growing demand for crop protection that is driving the adoption of advanced agricultural surfactants globally. This information is published by Fortune Business Insights, in its latest report.

Limited Availability of Agrochemical Supplies to Hamper Growth Prospects

The lockdown amid the novel coronavirus announced by the government agencies have halted several industrial operations globally. This has led to major supply chain disruption being experienced by the agriculture sector. Additionally, the limited availability of agrochemical supplies is likely to affect the market growth leading to several problems faced by the farmers. However, lifting off some restrictions is likely to aid the growth of the market in the forthcoming years. 

Agricultural surfactants are additives that are widely adopted in the agriculture sector to improve the effectiveness of the pesticides. They are further used to efficiently and effectively obtain superior crop yield and manage better crop protection. The growing demand for food is propelling the manufacturers to develop advanced agricultural surfactants globally. 

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What does the Report Include?

The market report includes qualitative and quantitative 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, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as Porter’s Five Forces analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period. 

DRIVING FACTORS

Increasing Population Rate to Augment Growth

According to the data by the United Nations, the global population is expected to reach about 8.5 billion by 2030. And 9.7 billion by 20250. The growing rate of population is likely to propel the demand for food and to suffice the needs the agriculture sector is expected to focus on the development of superior quality yield. These factors are anticipated to drive the demand for advanced agricultural surfactants globally. Additionally, supportive government regulations to promote sustainable farming practices and the increasing focus on crop protection is expected to contribute to the growth of the global agricultural surfactants market during the forecast period. 

SEGMENTATION

Anionic Segment Held 35.42% Market Share in 2019 

The anionic segment, based on type, held a market share of about 35.42% in 2019 and is expected to gain momentum backed by the surging adoption of anionic agricultural surfactants owing to their ability to release surface tension in liquids to promote better spread of agricultural chemicals. 



REGIONAL INSIGHTS

Technological Advancement in Agriculture in North America to Propel Market Growth

Among all the regions, North America is expected to remain dominant and hold the highest position in the global agricultural surfactants market. This is ascribable to factors such as technological advancement in the agriculture industry such as the introduction of genetically modified seeds and the focus on sustainable farming that drives the demand for advanced agricultural surfactants in the region. North America stood at USD 582.9 million in 2019. 

The market in Asia-Pacific is expected to gain momentum owing to the presence of a large population that is propelling the demand for optimum quality food yield in countries such as Japan, China, and India between 2020 and 2027. 

COMPETITIVE LANDSCAPE

Product Innovations by Key Players to Brighten Their Market Prospects

The global agricultural surfactants market comprises small, medium, and large companies that are focusing on adopting organic and inorganic strategies to maintain their presence. These companies are developing innovative agricultural surfactants to cater to the growing demand from farmers. Furthermore, other key players are striving to maintain a stronghold by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the market growth. 

Industry Development:

  • March 2020 - Wilbur-Ellis Company announced the launch of a unique blend of surfactants, EMBRECE-EATM. The agricultural surfactant is designed to improve the performance of fungicides, miticides, and insecticides by increasing the wetness and spread of the spray materials.

List of Companies Profiled in the Global Market for Agricultural Surfactants:

  • BASF SE (Ludwigshafen, Germany)
  • AkzoNobel (Amsterdam, Netherlands)
  • Evonik (Essen, Germany)
  • Solvay (Brussels, Belgium)
  • Huntsman Corporation (Texas, the U.S.)
  • Nufarm (Melbourne, Australia)
  • Clariant (Muttenz, Switzerland)
  • Helena Chemical Company (Tennessee, U.S
  • Croda International (Snaith, UK)
  • Wilbur-Ellis Company (San Francisco, the U.S.)
  • Stepan Company (Florida, the U.S.)
  • Nouryon Company (Amsterdam, Netherlands)
  • Other Key Players

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Cellulose Acetate Market 2022 Overview, Opportunities and Challenges Forecast to 2029 | Strong Focus on the Less Usage of Plastic by Key Players to Feed Competition

 The global cellulose acetate market size is projected to experience dynamic growth in the forthcoming years owing to the increasing demand for cigarettes from a majority of world population, observes Fortune Business Insights™ in its report, titled “Cellulose Acetate Market, 2022-2029”.

The cellulose acetate is used to produce photographic films, cigarette filters, and in playing cards. It is considered as one of the earliest synthetic fibers based on cotton or tree pulp cellulose. There has been an increasing consumption and demand for cigarettes from a majority of the world population. Hence, the demand for cellulose acetate has increased in several regions due to its usage in the manufacturing of cigarette filters. Thus, this has resulted in the growth of the cellulose acetate market.

However, the strict rules and regulations imposed by government regarding the consumption of cigarettes is projected to restrict the growth of this market.

COVID-19 Impact:

The COVID-19 pandemic and the increasing social distancing norms imposed by the government has affected most of the industries worldwide. This pandemic has also impacted the industries such as textiles, packaging, clothing, and others, which has led to a decline in the demand for cellulose acetate, hindering its market growth.

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Market Segmentation:

On the basis of type, this market is divided into fiber and plastic. By application, the market is classified into cigarette filter, textiles and apparels, photographic films, tapes and labels, and others. Based on geography, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights/Summary:

The report contains a rigorous study of all factors and trends driving and shaping the size, share, and revenue of the market. Further, the report supplies a microscopic examination of the hindrances obstructing the growth of the market, as well as provides a careful analysis of the market segments. Additionally, a detailed assessment of the competitive landscape and regional prospects of the market are also incorporated into the report.

Drivers/Restraints:

Increasing Awareness among Consumers regarding Plastic Pollution to Fuel the Market

Over the years, there has been an increasing awareness among most of the world population regarding the pollution caused due to burning of plastic and the plastic thrown in the garbage bins. The cellulose acetate acts as a biodegradable fiber which can prove effective as a substitute for plastic. Hence, there is a rising demand for cellulose acetate across several regions in this market. Thus, this is an important factor driving the growth of this market.

Regional Insights:

Increasing Industrialization to Boost the Asia Pacific Market Growth

Asia Pacific region is projected to dominate in the cellulose acetate market share on account of the high economic growth and rapid industrialization. Further, the low labor cost is a vital factor fuelling this market’s growth in this region.

North America region is anticipated to grow speedily in this market due to the increasing demand and consumption of cigarettes in this region.

Europe is projected to grow at a decent pace in this market due to the rising demand for cellulose acetate from the textile industry.

Competitive Landscape:

Strong Focus on the Less Usage of Plastic by Key Players to Feed Competition

The prominent companies in the cellulose acetate market are focusing on the protection of environment by reducing the use of plastic and making use of its substitute products such as cellulose acetate. This has resulted in the increasing competition among key companies which will help them to broaden their business operations and expand their market footprint.

Industry Development:

October 2020: Celenese launched cellulosic pellets under the brand name ‘BlueRidge’. It is a home compostable single use plastic alternative made of wood pulp and vinegar. It is mainly based on cellulose acetate.

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List of Key Players Covered in the Cellulose Acetate Market Report:

  • Celanese
  • Daicel
  • China Corporation
  • Eastman Chemical Company
  • Mitsubishi Chemicals

 

Thermoformed Plastics Market Growth, business opportunities, share value, key insights and size estimation by 2029

The global thermoformed plastics market size is expected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The growing awareness about hygienic packaged food products is expected to foster healthy growth of the market, states Fortune Business Insights, in a report The market size stood at USD 40.59 billion in 2019.

The report on the thermoformed plastics market emphasizes:

  • Wide-ranging analysis of the market
  • Valuable insights into the regions
  • Key market trends and drivers
  • Severe impact of COVID on the industry
  • Significant about prominent players

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Market Driver:

Significant Demand for Packaged Food to Enable Growth

The increasing demand for packaged food owing to the evolving habits of consumers will foster the healthy growth of the market. The increasing income and expenditure are factors expected to contribute positively to the market growth. The high-barrier properties, extended shelf-life, contamination prevention of thermoformed plastics make it suitable for food packaging, thus boosting the growth of the market. Moreover, the growing need for sturdy packaging in convenience foods products will spur demand for such plastics. The surging population has resulted in increasing food production to cater to the needs of consumers, in turn aiding the growth of the market. The increasing urbanization in rural areas will have a positive effect on the market. The infrastructural development and technological advancements in packaging techniques will bolster the significant growth of the market.

Disturbed Production of Plastics to Impede Business Amid Coronavirus

The declined plastic production and supply is expected to have a drastic impact on the global market. The closed manufacturing facilities due to lockdown imposed by governments will aggravate the business in the forthcoming years. The disruption caused by the pandemic has severely affected the supply chain of dairy products, medicines, sanitizers, food, disinfectants, face masks, and others. However, the improving situation will urge governments to lift lockdowns, in turn, stabilizing the manufacturing sector and promoting the market.

Regional Analysis:

Prospering Healthcare Sector to Aid Growth in North America

The market in North America is expected to experience a high growth rate during the forecast period owing to the rapid industrialization and technological advancements in the packaging industry. The growing demand for medicines and drugs in the healthcare sector will contribute excellently to the market. The evolving consumer lifestyle and disposable income will favor the healthy growth of the market in the region. Asia Pacific is expected to hold a considerable share during the forecast period owing to the growing polymer formulations in developing nations such as China and India. China is the largest supplier of plastics products. The rapid urbanization and improved living standard of people can have a tremendous effect on the market in the region. Moreover, the growing automotive and construction sector is likely to fuel demand for thermoformed plastics in the region.

Key Development:

July 2020: Anchor Packaging LLC, announced it has acquired Panoramic Inc. manufacturer of thermoformed products. This acquisition will broaden the offering to produce, attract bakery, confectionery customers, and deli.

The Report Lists the Main Companies in the Thermoformed Plastics Market:

  • Fabri-Kal Corp. (U.S.)
  • Pactiv LLC (U.S.)
  • Amcor Ltd. (Australia)
  • Berry Global Inc. (U.S.)
  • D&W Fine Pack LLC (U.S.)
  • Genpak LLC (U.S.)
  • Dart Container Corp. (U.S.)
  • Sabert Corporation (U.S.)
  • Anchor Packaging (U.S.)
  • Sonoco Products Company (U.S.)
  • M. Packaging (Netherlands)
  • Other Key Players

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