Monday, October 17, 2022

US Colour Cosmetics Market 2029 at a 3.8% CAGR during the forecast period

 In a recently published report by Fortune Business Insights™, titled, "US Colour Cosmetics Market Report 2022", the analysts have provided an in-depth overview of the US Colour Cosmetics Market. The report is an all-inclusive research study of the US Colour Cosmetics market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The global color cosmetics market size garnered USD 70.34 billion in 2021. The market is projected to surge from USD 72.74 billion in 2022 to USD 94.49 billion by 2029 at a 3.8% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “Color Cosmetics Market, 2022-2029.”According to the analysis, color cosmetics have become trendier to complement the high-end lifestyle and personal grooming. With the rising prominence of personal hygiene, skincare, fragrances, hair care and makeup, industry players are likely to inject funds into cosmetic products.

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 market. The study assesses the market size of the 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 Colour Cosmetics Market Report:

Companies covered in color cosmetics market are L'Oréal S.A (Clichy, France), Unilever (London, U.K.), Avon Products Inc. (London, U.K.), Estée Lauder Inc (New York, U.S.), Shiseido Company, Limited (Tokyo, Japan), Revlon, Inc. (New York, U.S.), Coty Inc. (New York, U.S.), Amway (Michigan, U.S.), KRYOLAN (Berlin, Germany), CIATÉ (London, U.K.), CHANEL (Paris, France), and others.

Most Important Features in this Report:

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

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Regional Segmentation of the US Colour Cosmetics Market:

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

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

The report studies the US Colour Cosmetics 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 Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global US Colour Cosmetics Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global US Colour Cosmetics Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

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

Continued…

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Sunday, October 16, 2022

Xenon Market By Glorious Opportunities, Business Growth, Size, And Statistics Forecasts Up To 2026

The global xenon market size is projected to reach USD 228.96 million by 2028, exhibiting a CAGR of 1.8% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Xenon Market, 2021-2028”. As per the report, the value of the market stood at USD 200.94 million in 2020. The noble gas has gained a strong reputation in the field of physics, as it is helping to unfold the secrets of the universe. Evidently, xenon is utilized extensively in the Large Underground Xenon (LUX) experiment, which was designed to detect dark matter.

Market to Witness Negative Growth Due to Delayed Satellite Launches

The COVID-19 pandemic has been a challenge for several industries and markets worldwide. Without any exemption, it has had a negative impact on this market as well. Year-long delays in all satellite projects and a huge decline in the production of electronic components have severely affected the demand for the noble gas. Key industry players are seeking new applications to survive the crisis.

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Market Segmentation

The market is categorized on the basis of type, application, and geography. In terms of type, it is divided into N3, N4.5, and N5. Based on the application, it is fragmented into imaging and lighting, satellite, electronics & semiconductors, medical, and others. On the basis of region, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.

What Does the Report Offer?

This report incorporates an in-depth analysis of the overall growth prospects in the market. Furthermore, it provides insights into the comprehensive competitive landscape of the global market. A detailed overview of leading companies, including their marketing strategies, market contribution, and recent developments is presented in both historic and present contexts.

Driving factor

Increasing Utilization in Satellites to Drive Growth

Xenon is extensively used for propulsion in satellites due to its light weight compared to other alternatives. The high demand for satellites backed by an increasing number of space programs is anticipated to drive the xenon market growth. For instance, SpaceX has planned to initiate its SpaceX Axiom Space-1 under which the company will carry a private crew to the International Space Station (ISS). Such programs are predicted to strengthen the demand for the gas. In addition, the increasing application in manufacturing semiconductors is estimated to further enhance the market growth. However, xenon is labeled as an asphyxiant, which means it can be injurious to health if inhaled excessively. This may hinder growth during the forecast period.

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Regional Insights

Flourishing Consumer Electronics Industry to Help Asia Pacific Gain Prominence

Asia Pacific is estimated to dominate the market backed by the flourishing consumer electronics industry in the region. The high volume production of semiconductors in China and India is predicted to expand the xenon market share in the region. In addition, various upcoming satellite programs by space agencies from China, Japan, India, and other nations are estimated to further strengthen regional growth. For instance, the Indian Space Research Organization (ISRO) launched its GSAT 20 communication satellite in 2020. The region earned revenue of USD 73.38 Million in 2020.

The market in Europe is projected to exhibit considerable growth during the forthcoming years. One of the leading factors driving the market growth in the region is the ongoing research study on dark matter, which is being conducted in Italy. The gas is utilized in catching the passing weakly interacting massive particles (WIMPs) during the experiment. Hence the market will witness significant demand in the region.

Competitive Landscape

Finding New Applications to Help Key Players Expand their Businesses

The market is primarily driven by high applications of this gas in two main industries: space and electronics. Industry leaders in these fields are supporting the market growth by coming up with new opportunities. For instance, in October 2018, Samsung Electronics Co., Ltd. launched 7LPP, a 7-nanometer node that is integrated with EUV lithography technology. The company has leveraged the properties of xenon for the production of the new chip.

Industry Developments:

July 2018: Air Liquide, an industrial gas supplier based in France, announced to sign multiple agreements worth USD 59 million with various satellite and semiconductor manufacturers from the U.S., Europe, and Asia. 

List of Key Companies Covered in this Market Report:

  • Air Liquide (France)
  • Linde PLC (Ireland)
  • Air Products & Chemicals, Inc. (USA)
  • Messer Group GmbH (Germany)
  • Proton Gases (India) Pvt. Ltd. (India)
  • Matheson Tri-Gas, Inc. (USA)
  • American Gas Products (AGP LLC) (USA)
  • Coregas Pty Ltd. (USA)
  • Akela-p Medical Gases P. Ltd. (Russia)
  • Electronic Fluorocarbons, LLC (USA)
  • Iceblick Ltd. (Ukraine)

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Friday, October 14, 2022

Carbon Prepreg Market Touching Impressive Growth by 2029 | Advancements in Lightweight Auto Materials to Support Market Growth in Europe

 The global carbon prepreg market size is projected to expand at a notable pace owing to the unparalleled benefits of pre-impregnated carbon fibers, shares Fortune Business Insights™. Prepreg is term that refers to reinforcing fabrics that are pre-infused with a resin, usually epoxy. As a result, during the molding process, additional resins are not required and the lamination can occur using a combination of heat and pressure.

The pre-impregnation also bestows carbon prepregs and other such composite materials with numerous advantages. For example, most prepregs contain 35% resin, which is ideal for maximum cured properties. In comparison, hand-molded laminates end up with excess amounts of resin that increases the brittleness of the fabric and dilutes its overall properties. Further, prepregs ensure uniformity by spreading evenly across the material, preventing the creation of resin-rich or overly dry areas. Some companies have also developed resins that are not bound by temperature conditions. For instance, US-based Fiber Glast has formulated prepregs that can be handled at room temperature, thus eliminating the need to rush the work before the epoxy hardens its shape. Thus, several structural, mechanical, and design benefits of pre-impregnated fibers is boosting their adoption in the chemicals and materials manufacturing domain.

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Salient Features of the Report:

  • Tangible analysis of the market drivers, trends, and constraints;
  • Exhaustive assessment of the regional opportunities and investment pockets for the market;
  • Careful profiling and study of key market players and their strategies; and
  • Granular evaluation of all possible market segments.

Driving Factor

Introduction of Novel Solutions for the Auto & Aerospace Industries to Stoke Growth

With the demand for innovative, lightweight materials growing in the automotive and aerospace industries, companies in this space are actively developing and introducing game-changing products. For example, in February 2019, Hexcel announced that its carbon prepreg patch technology was one of the finalists at the JEC Innovation Awards 2019 in the automotive category. Called HexPly, the composite product comprises unidirectional carbon fiber and an epoxy matrix that improves the performance of aluminum sub-frames in vehicles, reducing noise, vibration, and harshness. Moreover, Hexcel’s advanced prepreg solution was also adopted by the German ultralight aircraft manufacturer, Flight Design, in April 2020. The company selected HexPly M79 low-temperature curing prepreg for aircraft production, overhauling its manufacturing process. The slew of advantages offered by carbon prepregs is the main reason for their employment in heavy manufacturing industries. In particular, their ability to lower the weight of vehicles, thereby boosting fuel and energy efficiency, is the marquee feature that is heightening their popularity in various industries.

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Regional Insights

Advancements in Lightweight Auto Materials to Support Market Growth in Europe

Europe is home to some of the largest vehicle manufacturers in the world, such as Volkswagen and Fiat Chrysler. These auto giants have been investing in the development of advanced, lightweight materials to make their vehicles more energy- and fuel-efficient. Carbon prepregs have emerged as one of the top solutions to address these requirements and several automakers are actively adopting this material to enhance their offerings. Furthermore, pre-impregnated carbon fibers are also high in demand in the wind energy industry, where these materials are being increasingly deployed to build wind farms, especially in Germany. As a result, Europe is expected to dominate the carbon prepreg market share in the forthcoming years. Meanwhile, the market in North America is anticipated to progress on the back of the increasing investments in novel materials by the region’s aerospace & defense industry.

Competitive Landscape

Key Players to Maximize Profitability through Path-breaking Innovations

Leading entities in this market are concentrating on creating inventive solutions with multi-industry applicability to widen their business horizons and maximize profitability. Their inventiveness is also directed towards critical industries that are determinedly transitioning towards clean energy sources and building sustainable products, thus aiding carbon prepreg market growth.

Industry Development:

  • February 2020: Solvay Composite Materials announced the launch of CYCOM EP2750, its new epoxy prepreg specifically formulated for the compression molding of high-quality, high-rate, cost-effective aero-structures. The idea behind this material is to facilitate the manufacturing of composite aero parts that can compete with machined aluminum.

List of Key Players Profiled in the Carbon Prepreg Market Report:

  • Axiom Materials
  • Royal TenCate N.V.
  • Mitsubishi Rayon Co. Ltd
  • SGL Group
  • Solvay
  • Toray Industries

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US Bitumen Market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers

 In a recently published report by Fortune Business Insights™, titled, "US Bitumen Market Report 2022", the analysts have provided an in-depth overview of the Bitumen Market. The report is an all-inclusive research study of the Bitumen market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The global US Bitumen market size is anticipated to hit USD 67.14 billion by 2028 and exhibit a CAGR of 3.8% during the forecast period. The soaring road construction activities and the rising demand for bitumen for products for waterproofing applications are expected to be the key factors boosting the Bitumen Market growth. Fortune Business InsightsTM has presented this information in its report titled, “Bitumen Market, 2021-2028”. The market size stood at USD 49.45 billion in 2020 and USD 51.69 billion in 2021.

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 market. The study assesses the market size of the 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 Bitumen Market Report:

Companies covered in Bitumen Market are Asphalt & Bitumen West Co. (Tehran, Iran) Raha Bitumen (Esfahan, Iran) Asia Bitumen (Tehran, Iran) Exxon Mobil (Texas, U.S.) Royal Dutch Shell (Hague, Netherlands) Sinopec (Beijing, China) Nynas (Stockholm, Sweden) GOIL Ltd (Accra, Ghana) Total Energies (Courbevoie, France) Gazprom Neft (St. Petersburg, Russia) Indian Oil Corporation (New Delhi, India) and many more

Most Important Features in this Report:

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

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Regional Segmentation of the Bitumen Market:

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

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

The report studies the Bitumen 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 Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global Bitumen Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global Bitumen Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

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

Continued…

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Email: sales@fortunebusinessinsights.com 

Thursday, October 13, 2022

Rubber Compound Market Size, Growth Insight, Share, Emerging Technologies, Share, Regional, Industry Forecast To 2029

 The global rubber compound market size is anticipated to enter a period of prolific expansion owing to the rapidly rising demand for electric cars across the globe, shares Fortune Business Insights™  According to the International Energy Agency (IEA), in 2019, worldwide electric car sales stood at 2.1 million, surpassing 2018 levels and bringing the total global electric car stock to 7.2 million. Moreover, electric cars, the IEA highlights, accounted for 2.6% of the total car sales globally and registered a 40% year-on-year increase. Electric cars require sophisticated tires to withstand the heavy weight of the battery pack powering the vehicle. 

Rubber compound tires will be crucial in maintaining the fuel economy of electric vehicles as these vehicles experience instantaneous torque, which puts pressure on tires and is highly likely to lead to rapid wear & tear of the tires. Since compound rubber tires are engineered from a wide variety of materials and are customized according to the end-use requirement, their demand is predicted to steadily rise as the adoption of electric cars grows in the next few years.

Highlights of the Report:

  • Quantitative & qualitative analysis of the factors shaping the market size, share, and revenue;
  • Comprehensive assessment of each market segment;
  • Detailed examination of the leading market players and business strategies; and
  • Careful study of the regional dynamics influencing market growth.

Market Restraint

Deflated Demand for Automobiles amid COVID-19 to Retard Market Growth

The automotive industry has been one of the hardest-hit industries by the coronavirus pandemic as adoption of remote working systems, social distancing measures, and unprecedented economic downturn have led to a massive demand slump for vehicles worldwide. A study by the Oxford Business Group found that the region’s light vehicle market contracted by 44% in March 2020, while China’s automotive market plunged by 79.1% in February 2020. India’s automotive market, according to the Society of Indian Automobile Manufacturers (SIAM), has been pushed back by four to five years, with this year’s sales figures resembling those of 2016. The cumulative effect of low demand, reduced workforce at factories, and supply chain disruptions have forced leading to carmakers close some of their plants. For example, Fiat Chrysler announced the shutdown of its plants in Serbia, Poland, and Italy, while Volkswagen closed its plant in Tennessee, US, as well as some plants in Italy and Spain. Since rubber compounds are extensively utilized in the automotive industry, any setback to this industry will naturally affect the market for rubber compounds.

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Regional Insights

High Rubber Compound Consumption to Fuel the Market in North America

Geographically, North America is projected to dominate the rubber compound market share in the upcoming years owing to the wide adoption of rubber derivatives in the region’s well-established automotive industry. Additionally, compound rubbers are also witnessing rising demand from the region’s footwear industry, which will benefit the market.

In Europe, the market will enjoy a healthy growth period on account of the massive investments in tire technologies made by the region’s large carmakers such as BMW and Fiat. On the other hand, the market in Asia Pacific will derive growth from the booming demand for cars in India and China along with the robust chemical manufacturing industry in the region.

Competitive Landscape

Top Companies to Focus on Establishing Presence in Developing Markets

The competitive milieu in this market is characterized by the increasing intensity of activities by key players to establish their operations in developing economies in Asia and Africa. Apart from this, few other participants are investing in the development of sustainable tire solutions to diversify their offerings.

Industry Developments:

  • September 2020: Yokohama Rubber announced plans to build a new plant in the Special Projects Zone in Vishakhapatnam, India to expand the production capacities of the Alliance Tire Group. With a planned investment of USD 165 million, Yokohama intends to produce 55 tons in rubber weight at the new facility.
  • July 2020: The Goodyear Tire & Rubber Company released the Goodyear Assurance ComfortDrive, the company’s all-season tire with novel tread design and sidewall properties. The tire solution has been made from soybean oil, which is bio-based and renewable and promises fuel economy, long tread life, and works efficiently in cold and wet conditions.

List of Key Players Covered in the Rubber Compound Market Growth:

  • NOCIL LIMITED
  • PARAA RUBBER
  • Wacker Chemie AG
  • Barnwell Services Limited
  • PJSC KAUCHUK
  • Hexpol Compounding HQ
  • GestiónMediambiental de Neumáticos, S.L.
  • Omega Rubber Industries
  • Yokohama Rubber Co., Ltd.
  • The Hygenic Corporation
  • RUBBERATKINS

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U.S. Mechanical Tube & Pipe Market research examines the market size, sales, segmentation

 In a recently published report by Fortune Business Insights™, titled, "U.S. Mechanical Tube & Pipe Market Report 2022", the analysts have provided an in-depth overview of the U.S. Mechanical Tube & Pipe Market. The report is an all-inclusive research study of the U.S. Mechanical Tube & Pipe market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The United States mechanical tube & pipe market size was USD 1.95 billion in 2021. The market size is expected to rise from USD 2.05 billion in 2022 to USD 2.98 billion by 2029 at a CAGR of 5.5% during the forecast period. The market is anticipated to expand prominently due to increasing demand for these pipes and tubes in several industries during the forecast period.

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 market. The study assesses the market size of the 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 U.S. Mechanical Tube & Pipe Market Report:

Companies covered in the U.S. mechanical tube & pipe market are Nucor Corporation, Zekelman Industries, TimkenSteel, Cleveland-Cliffs Inc., Bull Moose Tube, Tenaris S.A., U.S. Steel Corporation, Valmont Tubing, Atkore, Vallourec, Webco Industries Inc, EXLTUBE, Maruichi Leavitt Pipe & Tube, Steel Tube Inc. and more players profiled

Most Important Features in this Report:

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

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Regional Segmentation of the U.S. Mechanical Tube & Pipe Market:

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

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

The report studies the U.S. Mechanical Tube & Pipe 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 Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global U.S. Mechanical Tube & Pipe Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global U.S. Mechanical Tube & Pipe Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global U.S. Mechanical Tube & Pipe Market Industry Analysis
Chapter 5. Market by Type
Chapter 6. Market by Application
Chapter 7. Market Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Wednesday, October 12, 2022

Traffic Road Marking Coatings Market Revenue In US| Traffic Road Marking Coatings Industry Future Growth, Trends and Top Key Players

The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Traffic Road Marking Coatings 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 Traffic Road Marking Coatings 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.

Startling Rise in Road Fatalities Worldwide to Fuel Market Growth

Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users.

Segmentation

Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020.

On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Highlights

The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market.

Driving Factor

Development of Eco-friendly Road Marking Solutions to Invigorate the Market

Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

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Regional Insights

Robust Demand for Construction Activities to Propel the Market in Asia Pacific

Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020.

In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members.

Competitive Landscape

Key Players to Strategically Deepen Business Ties across Geographies

Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.

Industry Development

  • May 2021: Austria-based SWARCO Road Marking Systems partnered with the Australian road marking leader, SUPALUX, to set up its first base in Perth, Western Australia’s capital city. The two companies aim to synergize their expertise and expand their footprint in the traffic paint industry.

List of Key Players Covered in this Market Report

  • Asian Paints Ltd. (India)
  • Langfang Tenroads Glass Products Co., Ltd. (Hebei province, China)
  • Geveko Markings (Gainesville, Sweden)
  • Rua Seguridad (Metro Manila, Philippines)
  • Sherwin-Williams Company (Ohio, U.S)
  • Resincoat Ltd (U.K)
  • 3M (Minnesota, U.S)
  • Berger Paints (West Bengal, India)
  • Dulux Protective Coatings (Australia)

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