North America and Europe Bioplastics Market Analysis, Share, Business Growth and Forecast to 2028 | Increasing Demand from Electronics and Automotive Component Industries to Aid Growth

 The North America and Europe bioplastics market size is projected to reach USD 11,321.8 million by 2028. The implementation of strict government norms in these regions to reduce the use of plastics has compelled producers to shift rapidly towards the development of bio-based plastics for numerous applications. In September 2020, for instance, NatureWorks announced its plan to enhance the efficiency of lactide monomer purification in Blair, Nebraska. It will help the company to surge the production of Ingeo™ (PLA) biomaterials portfolio by 10%. This information is given by Fortune Business Insights™ in a new study, titled, “North America and Europe Bioplastics Market, 2021-2028.” As per the study, the market stood at USD 5,178.9 million in 2020 and is expected to show a CAGR of 10.6% during the forecast period between 2021-2028.

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Segmentation-

Rigid Packaging Segment Generated Share of 17.5% in 2020: Fortune Business Insights™

Based on the type, this industry is bifurcated into biodegradable and non-biodegradable. By applications, it is divided into rigid packaging, flexible packaging, and others. Out of these, the rigid packaging segment held 17.5% in terms of the North America and Europe bioplastics market share in 2020. This growth is attributable to the rising demand for sturdy and sustainable packaging products from shipping companies.

Report Coverage-

The research report includes an authentic analysis of multiple countries. It was curated by our analysts after studying various factors that determine regional growth, such as political, technological, social, economic, and environmental status. The competitive landscape section was specially created to help our clients better understand the acquisition and partnership strategies that organizations are focusing on to compete with their rivals.

Drivers & Restraints-

Increasing Demand from Electronics and Automotive Component Industries to Aid Growth

Bioplastics are extensively used in the packaging industry because of their ability to provide similar properties to conventional plastics. Also, the high demand from a wide range of industries, such as consumer goods, foods, electronics, and automotive components would propel the North America and Europe bioplastics market growth in the forthcoming years. However, separate disposable streams are required to eliminate bioplastics from the environment smoothly. Lack of these may hinder this industry.

Regional Insights-

Expansion of Automotive Industry to Help Europe Dominate in Upcoming Years

Geographically, Europe stood at USD 3,460.8 million in 2020 in terms of revenue. It is expected to remain at the forefront because of the expansion of the automotive industry. Coupled with this, the surging usage of bio-based packaging products and investments in R&D activities would accelerate growth. In North America, Mexico, Canada, and the U.S. are anticipated to majorly contribute to growth backed by the high demand for food and retail packaging.

 Competitive Landscape-

Key Players Focus on Capacity Expansions to Strengthen Their Positions in Market

The North America and Europe bioplastics industry contains numerous companies that are presently focusing on broadening their production capacities to cater to the high demand from customers. Below is one of the latest industry developments:

• September 2020: Total Corbion PLA announced its plan to construct its second PLA plant by expanding the capacity to 100,000 tons per annum. It would strengthen the position of the company by making it the global market leader. It will be able to fulfil the high demand for Luminy® PLA resins. The new plant will be developed in France and is expected to operate by 2024.

A list of reputed manufacturers in the market for North America and Europe bioplastics:

• Novamont S.p.A. (Italy)
• Arkema S.A. (France)
• Matrìca S.p.A. (Italy)
• Solvay S.A. (Belgium)
• NatureWorks LLC (U.S.)
• Total Corbion PLA bv (Netherlands)
• Toray Industries, Inc. (Japan)
• LyondellBasell Industries Holdings B.V. (Netherlands)
• BASF SE (Germany)
• Braskem (Brazil)

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Organic Scintillators Market Size, Research, Growth and Forecast to 2029 | Is Organic Scintillators Industry Demand in US?

The global organic scintillators market size is expected to gain momentum owing to the increasing demand for portable radiation detectors and the surging investment in R&D activities to develop advanced organic scintillators across the globe. This information is published by Fortune Business Insights in its upcoming report, titled, “Organic Scintillators Market Size, Share & Industry Analysis, By Product type (Organic Crystals, Organic Liquids, Plastic Scintillators), By Application (Radiation Detection, Medical Imaging, Others) and Regional Forecast, 2022-2029.”

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Organic Scintillators 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 Organic Scintillators Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

What does the Report Include?

The report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027. 

DRIVING FACTORS

Increasing Demand for Portable Radiation Detectors to Aid Growth

The rising prevalence of chronic disease drives the demand for the adoption of advanced technologies. This is leading the manufacturers to develop advanced radiology devices such as the organic scintillators that prove beneficial in detecting and further treating chronic ailments. Additionally, the rising investment in R&D activities to develop portable radiation detectors is expected to bode well for the global organic scintillators market growth in the forthcoming years.

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REGIONAL INSIGHTS

Increasing Prevalence of Cancer in North America to Promote Growth

Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global organic scintillators market during the forecast period. This is attributable to the increasing prevalence of people suffering from Cancer that propel the demand for advanced organic scintillator devices in the region. According to the American Cancer Society, around 1,762,450 new cancer cases were diagnosed in the U.S. IN 2019.

The market in Asia-Pacific is anticipated to experience considerable growth owing to favorable government policies and the increasing focus on R&D activities across healthcare industries that will drive the demand for organic scintillators in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Major Companies Focus on Product Innovation to Brighten Their Market Prospects

The global organic scintillators market comprises small, medium, and large companies that are striving to maintain their stronghold by developing innovative organic scintillators devices to cater to the growing demand from the healthcare industry. Such initiatives are expected to further contribute to the growth of the market in the forthcoming years.

Industry Development:

• September 2020 – Florida State University Researchers develop a new X-ray organic scintillator that is affordable and eco-friendly than the existing technologies. This device converts radiation of an X-ray into a visible light and paves way for exploring new methods to develop advanced radiation detecting devices.

List of the Companies Profiled in the Market:

• Saint-Gobain Crystals
• EPIC Crystal
• Rexon Components
• Inrad Optics
• Detec
• Advatech UK Limited
• Eljen Technology
• ME Taylor Engineering,Inc
• Cryos-Beta
• PROTEUS, Inc
• Others

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Construction Chemicals Market Demand, Recent Trends, Size and Share Estimation by 2026 | Variations in Product Offerings Will Aid Growth of the Market

 The global construction chemicals market size is projected to reach USD 70.91 billion by the end of 2026. The need for improved infrastructure will open up a huge potential for the growth of the market. According to a report by Fortune Business Insights, the market was worth USD 42.32 billion in 22018 and will exhibit a CAGR of 6.7% during the forecast period, 2019-2026.

Construction chemicals are used as additives in cement and other construction material. They are widely used for improving the performance of several products, with a bid to establishing durable and structures and interiors. The high investment in the research and development of newer products will have a positive impact on the growth of the market in the coming years.  Besides durability, this product provides strength to the substance in which they are used. The presence of several large scale companies will have a huge impact on the growth of the market in the foreseeable future. The properties of construction chemicals such have allowed applications across diverse construction sectors, subsequently contributing to the growth of the market.

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Variations in Product Offerings Will Aid Growth of the Market

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the variations in product offerings will have a huge impact on the growth of the market. Several large scale companies are looking to offer newer variations in these products with a bid to establishing a stronghold in the market. The In December 2018, Fosroc announced the launch of a green roof waterproofing grade of Polyurea. The product will offer improved resistance and water permeability, accounting to which it will witness huge demand in the coming years. Fosroc’s latest product will not only have a positive impact on the growth of the company, but will influence the growth of the market on a global scale.

Asia Pacific to Emerge Dominant; Increasing Investment in Product R&D by major Companies to Aid Growth

The report analyzes the ongoing construction chemicals market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, Asia Pacific currently dominates the market. The availability of raw materials has attracted start-ups as well as encouraged established companies. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years. As of 2018, the market in North America was worth USD 9.8 billion and this value is projected to increase further in the coming years.

Industry Developments:

September 2019: BASF unveiled a new production plant in the Philippines for supply of construction chemicals in local market.

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US Sterilization Pouches Market Expanding Worldwide by 2027 | Increasing Generation of Plastic Waste by Medical Facilities to Stem Market Growth

 The global sterilization pouches market size is projected to reach USD 44,612.37 million by 2027, exhibiting a CAGR of 5.51% during the forecast period. Spread of infections through contaminated medical devices is set to spike the demand for sterilization containers, shares Fortune Business Insights™ i Medical devices are indispensible items in any healthcare facility, being employed in various kinds of health procedures. These devices need to be stored in sterile environments to prevent them from getting contaminated. However, medical equipment is one of the primary causes of spread of healthcare-associated infections. According a 2018 study of the Centers for Disease Control and Prevention (CDC), temporary medical devices such as urinary catheters were a frequent cause of spread of infections in healthcare facilities in the US between 2015 and 2017. Sterilization pouches are, therefore, crucial in maintaining the sterility standards of the devices used for healthcare purposes, which is the primary factor driving the market growth.

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Market Restraint

Increasing Generation of Plastic Waste by Medical Facilities to Stem Market Growth

Medical facilities generate enormous amounts of plastic waste, since majority of instruments and equipment used in these facilities contain plastics. According to the US Healthcare Plastics Recycling Council, 40% (approximately 5 million pounds) of plastic waste generated in US hospitals is from sterilization pouches and wraps. As a result, there is growing clamor for the use of reusable and recyclable plastic sterilization products in hospitals. Surveys conducted by Practice Greenhealth, a non-profit organization dedicated to make hospitals more sustainable, found that hospitals that had replaced sing-use plastic devices with reusable ones have experienced a significant decline in waste generation. Greenhealth also opines that reusable medical products can also reduce costs by a sizeable margin for healthcare facilities.

Regional Insights

Consistent Access to Quality Healthcare to Ensure Stable Product Demand in North America

In 2019, the market size in North America stood at USD 9,534.68 million and the region is expected to dominate the sterilization pouches market share in the forthcoming years. The main reason for this is the assured access to standard healthcare services and products to populations across the region. Moreover, per capita healthcare expenditure in Europe is also considerably high compared to other countries, which is further fueling the growth of the regional market.

The market in Europe is anticipated to showcase promising growth owing to active adoption of advanced sterilization solutions in healthcare facilities in Western Europe. In Asia Pacific, healthcare expenditure is steadily rising, especially in India and China, which augurs well for the global market.

Competitive Landscape

Key Players to Focus on Optimizing Response to the COVID-19 Outbreak

The COVID-19 pandemic has forced companies in this market to leverage their expertise in optimizing their response to this unprecedented health crisis. With the usage of medical devices surging worldwide, the demand for sterilization pouches and similar products is also escalating, compelling players to augment production capacities to meet this demand.

Industry Developments:

May 2020: STERIS plc received another Emergency Use Authorization (EUA) by the US Food and Drug Administration (FDA) for decontamination of N95 respirators. The company has created a decontamination cycle for hospitals to utilize its AMSCO Steam Sterilizers which use hydrogen peroxide to decontaminate respirators.

December 2019: US-based M&Q Packaging created a new line of dry heat and steam sterilization pouches closures, with the ability to withstand high temperatures and resist chemical wear & tear. The product was custom-engineered for a customer, leading the company to innovate an “easy close” flap solution.

List of Companies Profiled in this Market Report:

• STERIMED (US)
• Cantel Medical Co. (US)
• Proampac (US)
• Wihuri (China)
• Certol International (US)
• Smurfit Kappa (Ireland)
• PMS Healthcare Technologies (US)
• 3M (US)
• Berry Global (US)
• Amcor plc (Australia)
• AMD Medicom Inc. (Canada)
• Cardinal Health (US)
• Shanghai Jianzhong Medical Equipment Packing Co., Ltd. (China)
• Bischof+Klein (Germany)
• STERIS (Ireland)
• Getinge Group (Sweden)
• Dynarex Corporation (US)
• Mondi Group (Austria)

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US Protective Coatings Market Trends, Market Share, Growth Drivers, Business Opportunities and Demand Forecast to 2028

 The latest study released on the US Protective Coatings Market by Fortune Business Insights™ evaluates the market size, share, trend, and forecast to 2029. The US Protective Coatings market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts, and other key people to have a ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and upcoming challenges and about the competitors.

Using SWOT analysis, the report examines market drivers and restraints, as well as their impact on demand during the predicted period. The US Protective Coatings report was created using the following criteria: market type, organization size, on-premises availability, and end-user organization type. North America, South America, Europe, Asia-Pacific, the Middle East, and Africa are among the regions examined for the market. By taking into consideration significant elements such as revenue, cost, and gross margin, this market research study provides a comprehensive overview of product specification, product type, production analysis, and technology. 

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Significant Features and Key Highlights of the US Protective Coatings Market Reports:

– Comprehensive Assessment of the Parent Market.

– Evolution of Key Aspects of the Market Survey of Industry.

– Wide Market Segments Assessment of Market Value and Amount for Past, Present, and Forecast Year.

– Historic, existing, and predictable market size in terms of extent and worth.

– Market Share Assessment Niche Industry Sector

Market Segment Analysis:

US Protective Coatings Market Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide market which includes improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed.

The research studies included in the US Protective Coatings study assist in forecasting various essential areas, product success, and market share expansion. During the forecast period of 2022-2029, the US Protective Coatings market is expected to grow at a significant rate. This research includes company profiles for all of the major players and brands that dominate the market. The impact of their actions, such as product launches, joint ventures, mergers, and acquisitions, on sales, imports, exports, revenue, and CAGR values, has been thoroughly examined in the research. From market scenarios to comparative analysis, the scope of this US Protective Coatings market study can be increased.

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Top Key Players are covered in the US Protective Coatings Market Report:

With the help of the competitive analysis included in this report, important tactics taken by leading competitors in the US Protective Coatings market can be simply studied. This will assist players in becoming more familiar with their hardest competitors’ moves in the US Protective Coatings industry.

• The Sherwin-Williams Company (Ohio, U.S.)
• PPG Industries, Inc. (Pennsylvania, U.S.)
• Jotun (Sandefjord, Norway)
• Akzo Nobel N.V. (Amsterdam, Netherlands)
• Kansai Paint Co., Ltd. (Osaka, Japan)
• Sika AG (Baar, Switzerland)
• The Chemours Company (Delaware, U.S.)
• Dulux US Protective Coatings (California, U.S.)
• Oasis Paints (Sharjah, United Arab Emirates)
• Wacker Chemie AG (Munich, Germany)
• Henkel AG & Co. KGaA (Düsseldorf, Germany)
• NIPSEA GROUP (Singapore)
• Berger Paints (West Bengal, India)
• Hempel A/S (Lyngby, Denmark)
• Dow (Michigan, U.S.)
• Other Key Players

Regional Analysis:

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (the United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

The Research covers the following objectives:

To study and analyze the US Protective Coatings consumption by key regions/countries, product type and, application, history data from 2016 to 2021, and forecast to 2029. Focuses on the key US Protective Coatings manufacturers, to define, describe and, analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analyses, SWOT analyses, and development plans in the next few years. To analyze the US Protective Coatings with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and, risks).

Key Questions Answered:

- How feasible is the US Protective Coatings market for long-term investment?
- What are influencing factors driving the demand for US Protective Coatings near future?
- What is the impact analysis of various factors in the  US Protective Coatings market growth?
- What are the recent trends in the regional market and how successful they are?

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Us Conformal Coatings Market Facts, Development and Growth by 2028 | Increasing Adoption by Industrial Sector to Boost Conformal Coatings Market Growth

The global conformal coatings market size is expected to gain momentum owing to the growing focus on stringent automotive standards and the increasing incidence of automobile fires that favors the demand for advanced conformal coatings across the globe. This information is published by Fortune Business Insights, in its upcoming report, titled, “Conformal Coatings Market Size, Share & Industry Analysis, By Product (Epoxy, Acrylic, Urethane, Parlene, Silicone, Others), By Application (Automotive, Medical, Aerospace, Consumer Electronics, Others) and Regional Forecast, 2022-2029.”

The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies to curb the spread of the novel coronavirus, several industries have been on a standstill with zero operational activities. However, a collective effort from the government as well as the industries is anticipated to bring the economy back on track and aid in resuming industrial activities.

Conformal coatings are thin polymeric film materials applied to the printed circuit boards to protect them from external forces such as chemicals, moisture, and extreme temperature. Additionally, they aid in protecting the boards from mould growth, corrosion, and other electrical failures. Owing to their super properties, they are in huge demand across several industrial applications that include automotive, aerospace & defense, and electronics.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Conformal 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 Conformal Coatings Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

What does the Report Include?

The market report includes quantitative and qualitative 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 introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2019 and 2026. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

DRIVING FACTORS

Increasing Focus on Vehicle Safety Standards to Promote Growth

According to the U.S. Fire Administration, about 171,500 vehicle fires on highways are reported in the U.S. annually. The surging incidence of automotive fires is propelling the demand for conformal coatings to ensure the safety of the passengers and vehicle. In addition to this, the increasing focus on vehicle safety standards such as the Society of Automotive Engineering (SAE) is ensuring that automotive manufacturers adhere to stringent regulations to maintain optimum vehicle quality in terms of safety and performance aspects. This is expected to boost the global conformal coatings market in the forthcoming years.

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REGIONAL INSIGHTS

Asia-Pacific to Remain at the Forefront; Growing Automotive Sector to Spur Demand

Among all the regions, North America is expected to hold the highest position in the global conformal coatings market during the forecast period. This is attributable to the growing automotive sector that drives demand for conformal coatings to ensure the safety and efficiency of electrical components within the automobile in countries such as India and China.

The market in North America is expected to showcase a substantial growth backed by the increasing adoption of electronic devices and the rising aerospace and electronic industries in countries such as the U.S. between 2019 and 2026.

COMPETITIVE LANDSCAPE

Product Launches by DOW & Chemtronics to Boost Their Sales Revenue

The global conformal coatings market size is consolidated by the presence of key players such as Chemtronics and Dow. These companies are focusing on initiatives such as the introduction of new products to leverage the opportunities provided by the market and further boost their sales revenue. The other key players are adopting strategies such as collaboration, partnership, and merger and acquisition to maintain their stronghold that will contribute to the growth of the global conformal coatings market during the forecast period.

Industry Development

• February 2020 – Dow announced the launch of new DOWSIL CC-8030 UV and Moisture Dual Cure Conformal Coating. According to the company, the coating is the first-ever solventless silicone technology that promotes safety, sustainability, and health of the environment through its low viscosity level.

List of the Companies Operating in the Global Market for Conformal Coatings:

• Chemtronics
• Henkel AG & Company
• Shin-Etsu Chemical Co., Ltd.
• Illinois Tool Works
• DOW
• Chase Corporation
• Dymax Corporation
• Specialty Coating Systems
• Electrolube
• B. Fuller
• Others

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Liquid Waste Management Market 2022 Insights with Statistics and Growth Prediction In USA

 

According to research study by Fortune Business Insights™ the global liquid waste management market size is predicted to reach USD 85.02 billion by 2026, exhibiting a CAGR of 3.3% during the forecast period. The rising population around the world has led to a necessity for efficient liquid waste management, which, in turn, will bolster healthy growth of the market in the forthcoming years. As per the United Nations study, the world population is expected to reach 8.5 billion by 2030, 9.7 billion by 2050 and surpasses 11 billion by 2100. Moreover, the ongoing projects for water treatment plants in the developing nations will subsequently accelerate the liquid waste management market revenue in the forthcoming years, mentioned a report” the market size stood at USD 65.93 billion in 2018.

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The Report Lists the Main Companies in the Liquid Waste Management Market

• Veolia Environmental Services
• SUEZ Environment SA
• Xylem
• Evoqua Water Technologies Corporation
• Covanta Holding Corporation
• Clean Harbors, Inc.
• GFL Environmental Inc.
• Cleanaway
• Aqua America Inc.
• Hulsey Environmental Services
• Enva
• Environmental Recovery Corporation
• AB Environmental

Competitive Landscape:

Expansion of Xylem’s Technological Hub to Boost Business Prospects

Xylem Inc., a leading American water technology company for residential, commercial, agricultural and industrial settings announced the launch of its innovative multi-disciplinary center for water, wastewater and energy technologies at the company’s regional headquarters in Singapore. The expansion project will help the company to enhance its R&D capabilities alongside helping sustainable investments in water technologies for water distribution and wastewater treatment. The expansion of the Xylem’s water treatment project will have a positive impact on the liquid waste management market trends owing to its collaboration with Institute of High-Performance Computing (IHPC). Furthermore, President and CEO of Xylem, Mr. Patrick Decker, said in a statement, “This new multi-disciplinary center will create ample opportunities to innovate and collaborate with our customers, as we work with them to tackle the region’s greatest water challenges, including water scarcity, affordability and infrastructure resilience. He further added, “bringing research and development capability into our regional headquarters in Singapore puts all of Xylem’s market-leading technology capability in one location, focused on the region’s water technology and infrastructure solutions.” In addition, the growing collaborations and partnerships among major market players will bolster healthy growth of the market in the foreseeable future.

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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.
• The report analyzes growth rate, market size and valuation of the market during the forecast period.

Regional Analysis:

Presence of Major Water Treatment Plants to Foster Growth in North America

The market in North America stood at USD 19.75 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the presence of various market players. The largest water treatment plants in the USA will influence positively to the growth in the region. For instance, Chicago & Boston has the wastewater treatment plant with capacity of 1.44 billion gallons per day and 1.27 billion gallons per day respectively. Asia Pacific is likely to witness high growth during the forecast period owing to the growing population in the emerging economies such as China, India. The need for liquid waste treatment and recycling to cater to the clean water requirements will enable speedy growth of the market. According to the Central Pollution Control Board estimation, India’s water demand is expected to rise to 1.5 trillion cubic meters by 2030. Europe is predicted to exhibit a high growth rate in the foreseeable future. The rising government initiatives to curb water pollution will contribute positively to the liquid waste management market growth in the Europe.

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