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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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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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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Fluoropolymers Market Analysis, Future Opportunity, Key Manufacturers, Geographical Regions and Industry Forecast to 2028

 The global fluoropolymers market size was USD 6.95 billion in 2020. The market is projected to grow from USD 7.23 billion in 2021 to USD 10.31 billion in 2028 at a CAGR of 5.2% during the 2021-2028 period.

Fortune Business Insights™ provides this information in its report, titled, “Fluoropolymers Market, 2021-2028.”

According to our researchers, surging applications in construction, medical, electrical & electronics industries, automobiles, and chemical industries due to its elevated chemical and electrical resistance, non-stick, non-toxic, and outstanding ductile forte characteristics are expected to fuel the global fluoropolymers market growth.

COVID-19 Pandemic: Market Set to Witness Growth Stoked by Medical Device Necessity

The industry was affected owing to the COVID-19 outbreak, a few of the major players in the chemical industry were compelled to adjourn their production. Nevertheless, the industry perceives prompt growth during the outbreak as medical device producers are manufacturing more products at a speedier pace.

Moreover, lubricity, the dielectric, and biocompatibility characteristics of the polymer are required to manufacture Personal Protection Equipment (PPE).

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Report Coverage

The report presents a systematic study of the market segments and a thorough analysis of the market overview. It offers a thoughtful evaluation of the current market trends and future opportunities. Moreover, it presents an exhaustive analysis of the regional insights and how they help form market growth. The COVID-19 impacts have been discussed in the report to assist investors and business owners in better understanding the possible threats present in the market. The report discusses the key players and their prominent strategies to stay in the dominating position.

Segmentation

On the basis of product, the global market is segregated into polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), fluorinated ethylene propylene (FEP), polyvinylfluoride (PVF), and others.

Based on application, the market is branched into coatings, films, additives, and others.

In terms of end-use, the market is categorized into industrial equipment, automotive, construction, electrical & electronics, and others. Industrial equipment is likely to account for the majority share during the forecast period.

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Drivers and Restraints

Rising Automobile Industry to Create Novel Market Prospects

The upsurge in disposable income, increasing R&D spending for the automobile sector, growing traffic jamming, and stringent government norms concerning plummeting carbon releases are the vital influences fueling the demand for fluoropolymers from the automotive industry.

Moreover, the polymer extends the lifespan of the components for emission regulation, security, and performance in the automotive sector.

They deliver operative safety and sturdiness against hostile fluids and fuels, vibrations, heat, compression, as well as humidity. Polymer coatings assist in evading corrosion and friction on vehicle parts, therefore prolonging the life. They are significant in car constituents such as gears and ball bearings, projected to endure wear and tear.

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Regional Insights

Asia Pacific held the maximum fluoropolymers market shares, and the growth of this region is accredited to the surging demand from pharmaceutical, electrical industries, and construction sectors in this region.

North America is estimated to observe substantial growth due to rising demand from the electrical & electronics, and aerospace industries. As producers and designers endure to invent electronic devices, the demand for these products is rewarding.

Europe is predicted to perceive considerable growth during the forecast period. The region is accredited with rising demand from the automotive industry. Europe is among the world's dominating producers of motor automobiles and signifies the largest private stakeholder in R&D.

Competitive Landscape

Novel Acquisitions by Chief Players to Spur Market Growth

Key players in the market are always scheming tactics to inflate their business effectively and uphold their prominent position in the market. One such approach is to launch products for augmented reach among end-users.

With every passing day, numerous key players form collaborative partnerships with companies from various domains to extend their businesses and create advanced products for their consumers.

Industry Development

• February 2021: Arkema is scheduled to inflate its fluoropolymer production capabilities in the Changshu site situated in China by around 35% by 2022. This novel investment is probable to enhance the demand of Li-ion battery business and develop prospects in the semiconductor, construction coatings, and water filtration industries.

List of Key Players Covered in this Market Report

• The Chemours Company (Delaware, U.S.)
• INOFLON (Noida, India)
• DAIKIN INDUSTRIES (Osaka, Japan)
• Solvay SA (Brussels, Belgium)
• Arkema SA (Colombes, France)
• NexGen Fluoropolymers Pvt. Ltd. (Delhi, India)
• 3M (Minnesota, U.S.)
• Shandong Dongyue Polymer Material Co, Ltd. (China)
• Saint-Gobain (Courbevoie, France)
• KUREHA CORPORATION (Japan)
• HaloPolymer (Moscow, Russia)
• AGC Chemicals (Tokyo, Japan)
• Honeywell International, Inc. (North Carolina, U.S.)

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Soy Chemicals Market Analysis By Key Players, Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2029

 The soy chemicals market is likely to gain impetus from the increasing awareness programs regarding the availability of bio-based products because of the rising environmental and health concerns. Also, depletion of petroleum reserves is upsurging the opportunities for soy-based chemicals that are to be used in new processes and products. This information is given by Fortune Business Insights™

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Highlights of This Report-

• Comprehensive coverage of the soy chemicals market trends, opportunities, and challenges.
• A holistic and deep understanding of the market
• Competitive landscape consisting of investments, mergers and acquisitions, collaborations, partnerships, joint ventures, novel product launches, agreements, and contracts.
• SWOT analysis and an array of graphics of major industry segments
• Impact analysis and a well-defined technological growth map
• Data about the growth drivers and hindrances.

Drivers & Restraints-

Increasing Demand for Renewable Energy to Fuel Growth

Higher demand for renewable fuel sources is one of the major factors that is likely to drive the soy chemicals market growth during the forecast period. Biodiesel based on soybean can be easily used in diesel engines with little or no changes. Unlike petroleum diesel, biodiesel has low emission of carbon and is considered to be a crucial renewable source of energy. However, in the developing nations, people largely depend on petroleum-based chemicals. Apart from that, various technologies based on petroleum-based chemicals and fuels have been developed in many regions. In the emerging nations, the masses would not be able to efficiently shift towards bio-based chemicals from petroleum-based chemicals as it is an expensive process. These factors may hamper the market growth.

Regional Analysis-

Extensive Usage in Cosmetics & Food & Beverages Industries to Favor Growth in Asia Pacific

Geographically, the market is categorized into the Middle East and Africa, Latin America, Europe, Asia Pacific, and North America. Out of these, in Asia Pacific, the rising demand for soy chemicals for applications in the cosmetics and food and beverage industries is set to propel the market. North America would experience considerable growth by generating comparatively higher soy chemicals market revenue. This growth is attributable to the increasing utilization of soy-based chemicals in a wide range of industries.

Europe, on the other hand, is projected to exhibit significant growth stoked by the implementation of stringent government rules and directives for minimizing the usage of fossil fuel and controlling emission in the atmosphere. In the Middle East & Africa and Latin America, the market would grow gradually backed by the increasing demand from the pharmaceutical and healthcare sectors. In medicines, soy-based isoflavones are extensive used for treating hypertension, heart diseases, and cholesterol.

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Competitive Landscape-

Key Companies Focus on Launching Cutting-edge Products to Upsurge Sales

The market houses many small, medium, and big companies that are currently conducting various research and development activities to launch eco-friendly products for their consumers. It is also helping them in gaining more soy chemicals market share. Below are a couple of the latest industry developments:

• November 2019: HP, a multinational information technology company headquartered in the U.S., announced its plan to invest approximately USD 200 million in the next five years to create new water-based ink technologies. It would soon introduce soy- and vegetable-based inks to lower the impact from the production process to end use. Such inks are environmentally friendly and sustainable. They will be mainly used for printing on corrugated materials and textiles.
• March 2017: Solbar Plant Extracts (SPE), a wholesale distributor of groceries and related products based in Israel, unveiled its wide range of soy extracts. These are best suited for the usage in cosmeceutical skin care products. The new extract is called Solgen C and it consists of 98% water soluble. It is mainly aimed at cosmetic manufacturers to use it as an ingredient in oil-based products, such as sunscreen, skin care products, and face creams.

Fortune Business Insights™ presents a list of all the companies operating in the soy chemicals market. They are as follows:

• Chimista Specialty Chemical LLC
• Soy Technologies LLC
• Vertec BioSolvents
• Cargill
• Archer Daniels Midland
• LANXESS
• Acme Synthetic Chemicals
• Elevance Renewable Sciences
• AG Processing Inc.
• Other key market players

 

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Aroma Chemicals Market Share, Size, Expected Growth Opportunities and Forecast by 2027 | Know the Russia Ukraine Impact On Aroma Chemicals Industry in US

The global aroma chemicals market size is projected to reach USD 6,968.3 million by 2028. As the demand for natural ingredients is increasing, various manufacturers are trying to create novel technologies to prevent environmental damage or pollution. For instance, Privi Speciality Chemicals Limited utilizes agrochemicals from by-products and high-value aroma chemicals from Crude Sulphate Turpentine (CST) to improve eco-friendly operations and reduce emissions. Fortune Business Insights™ published this information in a new study, titled, “Aroma Chemicals Market, 2021-2028.” As per the study, the market stood at USD 4,976.0 million in 2020. It is set to exhibit a CAGR of 4.5% during the forecast period between 2021 to 2028.

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