Wednesday, September 14, 2022

Fatty Methyl Ester Sulfonate Market Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2029

 According to Fortune Business Insights™ the global fatty methyl ester sulfonate market size is set to enter a period of dynamic expansion owing to the exponential growth in urban areas around the globe, states Fortune Business Insights™ in its report, Recent estimates released by the UN Department of Economic and Social Affairs (UN DESA) show that approximately 55% of the global population lives in urban areas. According to the UN DESA predictions, by 2050, nearly 70% of the world’s population will be housed across urban agglomerates worldwide, with Asia and Africa accounting for almost 90% of this increase. This augurs well for this market because fatty methyl ester sulfonate is majorly used in laundry detergents and personal care products. These items are easily accessible and affordable to urban populations and their growing demand in emerging economies will further propel the market in the coming years.

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List of Key Players Profiled in the Fatty Methyl Ester Sulfonate Market Report:

  • Huish Detergent Inc.
  • P&G Chemicals
  • Henan Surface Chemical Industry Co., Ltd
  • Lion Corporation
  • KLK Oleo
  • Stepan Company
  • Emery Oleochemicals
  • Chemithon
  • Zanyu Technology Group Co.
  • Jinchang Chemical

Market Driver

Increasing Preference for Biodiesel to Create Numerous Opportunities

A novel driver shaping the fatty methyl ester sulfonate market growth is the increasing inclination of consumers and manufacturers towards biodiesel. Extracted from natural sources such as vegetable oils and waste animal fat, different fatty acid methyl esters are combined to produce biodiesel. Their most distinguishing feature is that they have properties similar to those of conventional diesel, but they are biodegradable and non-toxic. With air pollution reaching startling levels around the globe, the need for biodiesel blends is at an all-time high. According to the US Department of Energy’s Argonne National Laboratory, biodiesel consumption reduces carbon dioxide emissions by 74% compared to conventional diesel. In Europe, carmakers are actively testing the effects of biodiesel on vehicular performance. Thus, as the adoption of biodiesel steadily grows, the market for fatty methyl ester sulfonate is expected to gain significant traction in the foreseeable future.

Regional Insights

Rising Disposable Incomes in Asia Pacific to Accelerate Regional Market Growth

Among regions, Asia Pacific is anticipated to lead the fatty methyl ester sulfonate market share in the forthcoming years as expanding incomes of consumers in the region is fueling the demand for personal care products in the region. In addition, promising growth in the production of niche raw materials such as agro-chemicals and natural-derived ingredients for home and personal care products will also provide impetus to the regional market growth.

In North America, the primary market driver will be the proliferation of detergent manufacturers in the US and Canada over the past several years. On the other hand, the market in Europe will be supported by the growing preference for biodegradable personal care items as well as increasing research into the potential of fatty methyl esters in the production of biodiesel.

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Report Aim & Scope:

  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
  • The various parameters accelerating the growth of the market are incorporated in the research report.

Competitive Landscape

Operational Expansion to be Key Growth Strategy for Market Players

With a view to penetrate the rapidly expanding economies of Asia, Africa, and Latin America, key players in this market are strategically expanding their operations in these regions. Their primary focus is on introducing products and solutions that cater to the local requirements in these regions.

Industry Developments:

  • September 2020: Stepan Company entered into an agreement with Clariant (Mexico) to take over Clariant’s anionic surfactant business as well as sulfation equipment at its plant in Santa Clara, Mexico. The acquisition will enable Stepan to meet the growing demand for surfactants in Mexico.
  • September 2020: Emery Oleochemicals launched its general purpose product suite of fatty acid esters called EMERY® E. Designed as sustainable alternatives to fossil fuel-based raw materials, the products within the suite feature a high biodegradability quotient, low odor, and good color stability.

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Polypropylene Market 2022 Driven by rise in surgical procedures and increase in global geriatric population

The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021.

Advancements in Plastic Recycling Technologies to Create New Growth Opportunities

Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market.

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Segmentation

Based on type, the market is bifurcated into homo polymer and copolymer.

On the basis of end-user, this market has been segmented into packaging, automotive, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceuticals, electrical & electronics, agriculture, and others. Here, the consumer goods/lifestyle segment accounted for a 7.1% share in the global market in 2020.

By region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

COVID-19 Impact

The polypropylene market growth slumped by 1.1% in 2020 due to the sharp decline in the demand for polymers from the automotive industry amid the COVID-19 pandemic. With multiple restrictions in place around the world, automakers have had to close down many of their plants to adhere with government rules. Moreover, the adoption of vehicles is tumbling worldwide as a large chunk of people are working from home, resulting in an unprecedented contraction in the utilization of cars across the globe.

 

Highlights of the Report

The report supplies an in-depth examination of the various factors shaping the growth trajectory of the market, along with a detailed analysis of the hindrances facing the market. Additionally, the report contains a comprehensive study of the regional and competitive dynamics influencing the market, as well as a careful assessment of the individual market segments.

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Competitive Landscape

Launch of Breakthrough Products by Key Players to Electrify the Market

As the demand for novel polymer formulations continues to rise, key players in this market are investing strategically in research & development activities to build breakthrough polypropylene-based products. These offerings are being designed for diverse applications across industries, which, in turn, will deepen the companies’ foothold in the market.

Industry Development

  • December 2020: LyondellBasell introduced Beon3D, an inventive suite of PP products that combines additive manufacturing solutions with polymer technologies. The new line has been engineered to facilitate the designing and production of complex and high-quality 3D objects.

 

List of Key Players Covered in this Market Report

  • Beaulieu International Group (Belgium)
  • Borealis AG (Austria)
  • Repsol (Spain)
  • Braskem (Brazil
  • Formosa Plastic Group (Taiwan)
  • Ducor Petrochemicals (Netherlands)
  • China Petroleum & Chemical Corporation (China)
  • China National Petroleum Corporation (China)
  • LyondellBasell Industries N.V. (Netherlands)
  • MOL Group (Hungary)
  • Borouge (UAE)
  • BASF SE (Germany)
  • Total S.A. (France)
  • Reliance Industries Limited (India)
  • SABIC (Saudi Arabia)
  • INEOS (UK)
  • ExxonMobil Chemical (U.S.)

 

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Driving Factor

Integration of PP in Electric Vehicles to Catalyze Market Growth

With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market.

 

Regional Insights

Promising Growth of the Packaging Industry to Aid the Asia Pacific Market

Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billion in 2020.

The market in North America is expected to make substantial headway, albeit at a CAGR lower than that of Asia Pacific, due to the extensive utilization of polypropylene in electronics manufacturing in the region. In Europe, the principal factor aiding the PP market is the enormous production and consumption of automobiles.


Asphalt Market May See a Big Move

The global asphalt market is expected to gain traction from the ongoing technological advancements taking place in the mixing plants. Besides, several manufacturers are focusing on developing state-of-the-art solutions to fulfill industry requirements and consumer demand worldwide. This information is given by Fortune Business Insights™ in a recently published report, titled, “Asphalt Market Size, Share & Industry Analysis, By Product (Paving, Roofing, and Others), By Application (Roadways, Waterproofing, Recreation, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the asphalt market size stood at USD 222.0 million in 2019 and is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period.

This Report Answers the Following Questions:

  • What are the significant market growth drivers and obstacles?
  • Which segment is set to lead the market in terms of share?
  • How will the companies cope up with the current outbreak of the coronavirus infection?
  • What are the crucial strategies adopted by companies to intensify competition?

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Drivers & Restraints-

Rising Need for Protecting Buildings from Harsh Weather to Drive Growth

The frequently changing climatic conditions are affecting the infrastructures. Hence, consumers are becoming more aware of the same. Apart from this, the rising concerns about global warming are starting to influence several consumers to use novel technologies for preventing the structures from extreme weather conditions. It is, in turn, resulting in the high demand for roofing to protect new and aging structures. Asphalt is nowadays increasingly utilized in applications such as waterproofing and recreation. Waterproofing is necessary for avoiding dampness, leakages, decay, molds, and mildew in buildings. However, many people are gradually inclining towards cement roadways from bitumen roads. It may hamper the asphalt market growth in the coming years.  

Segment-

Roadway Segment to Dominate Fueled by Expansion of Construction Industry

In terms of application, the market is segregated into recreation, waterproofing, roadways, and others. Amongst these, the recreation segment generated 17.4% in 2019 in terms of this market share. This growth is attributable to the rising population worldwide. The roadways segment is anticipated to dominate stoked by the expansion of the construction industry. However, owing to the present pandemic, the construction industry may decline in 2020, but start growing once again in the forthcoming years.

Regional Analysis-

Asia Pacific to Remain at the Forefront Stoked by Rapid Urbanization

Asia Pacific is set to grow considerably in the coming years because of the presence of a well-established construction sector in this region. The developing nations, such as India, China, and South Korea are the major contributors to growth. Industry consolidations and rapid urbanization in these countries would also affect the market positively. However, COVID-19 pandemic has reduced the growth rate. As per our research, Hong Kong’s construction industry recently laid off approximately 50,000 employees on account of the disruptions in the supply of labor and raw material from China.

In 2019, North America, on the other hand, procured USD 65.43 million in terms of revenue. This growth is attributable to the rising trend of maintenance of highways and roadways, as well as the recreation of residential buildings. Coupled with these, favorable government policies, rising construction activities, and robust economic growth are anticipated to drive the demand in this region.

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Competitive Landscape-

Key Companies Focus on Bagging Orders from Other Enterprises to Surge Sales

The global market is highly fragmented with the presence of numerous big, medium, and small-sized companies globally. They are persistently adopting the strategies of investment, gaining new projects, mergers & acquisitions, collaborations, and others. Below is one of the most recent industry developments:

  • March 2020: CEMEX, a renowned provider of building materials, recently supplied more than 25,000 tonnes of asphalt to RAF Coningsby, a Quick Reaction Alert Stations in the U.K. It protects the UK airspace. CEMEX helped in meeting the complex asphalt specifications provided by the Ministry of Defence.

Fortune Business Insights™ presents a list of all the manufacturers operating in the global market. They are as follows:

  • Solaris Bus & Coach S.A
  • ŠKODA ELECTRIC A.S.
  • Hometown Trolley
  • Astra Bus
  • Gomaco Trolley Co.
  • Molly Corporation
  • Salzburg AG
  • Pandrol
  • BPSWA INC.
  • Bohdan Corporation
  • ZF Friedrichshafen AG
  • Kiepe Electric GmbH
  • New Flyer of America Inc.
  • Dina
  • Yutong
  • Carrosserie HESS AG

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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 Cerâmica Carmelo Fior, White Horse Ceramic, MOHAWK INDUSTRIES INC, Kajaria Ceramics Limited, Ceramic Industries Group, STN Cerámica, 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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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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