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  • Bio-based Chemicals Market Business Opportunities, Top Manufacture, Growth, Research Report, Regional Analysis and Global Forecast to 2028
    The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028."

    Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years.

    Market Segments:

    Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others.

    In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others.

    Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World.

    Drivers & Restraints:

    Depleting Fossil Fuel Resources to Provide Momentum to Market

    Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth.

    However, the market development could be hampered by the high cost of the product.

    Regional Insights:

    Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook.

    The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials.

    Notable Industry Development:

    December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications.

    Browse Summary:

    https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586

    Bio-based Chemicals Market Business Opportunities, Top Manufacture, Growth, Research Report, Regional Analysis and Global Forecast to 2028 The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028." Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years. Market Segments: Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others. In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others. Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World. Drivers & Restraints: Depleting Fossil Fuel Resources to Provide Momentum to Market Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth. However, the market development could be hampered by the high cost of the product. Regional Insights: Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook. The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials. Notable Industry Development: December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications. Browse Summary: https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586
    Bio-based Chemicals Market Size, Share | Industry Growth, 2028
    The global Bio-based Chemicals market is projected to grow from $77.10 billion in 2021 to $144.63 billion in 2028 at a CAGR of 9.4% in forecast period
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  • The global global bioplastics market size is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years.

    Postponement of Green Investment by Government amid COVID-19 to Hamper Growth

    According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market.

    Click here to get the short-term and long-term impact of COVID-19 on this Market.

    Please visit: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940



    Market Segmentation:

    Based on type, the market is segmented into biodegradable and non-biodegradable. On the basis of application, the market is divided into rigid packaging, flexible packaging, textiles, automotive & transportation, agriculture & horticulture, consumer goods, and others.

    Based on application, the automotive & transportation segment held a market share of about 6.0% in 2020 and is expected to experience significant growth in the forthcoming years. This is due to the increasing adoption of bioplastics in the manufacturing of lightweight automotive components worldwide.
    Lastly, based on region, the market is categorized into Europe, North America, Asia-Pacific, and Rest of the World.

    What does the Report Include?

    The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

    DRIVING FACTORS

    Increasing Demand for Eco-Friendly Plastics to Aid Growth

    According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years.

    REGIONAL INSIGHTS

    Europe – The region is expected to remain dominant and hold the largest global bioplastics market share during the forecast period. The dominance is attributable to the increasing demand for bio-based plastics for packaging purposes in the region. Europe stood at USD 3,460.8 million in 2020.

    Asia-Pacific – The market in the region is expected to experience exponential growth in the forthcoming years. This is ascribable to factors such as the presence of large production capabilities in countries such as China and India that will boost the adoption of bioplastics between 2021 and 2028.

    COMPETITIVE LANDSCAPE

    Merger and Acquisition Strategy Adopted by Major Companies to Brighten Their Market Prospects

    The global market for bioplastics is experiencing dynamic competition from several companies focusing on establishing their strong presence. These companies are acquiring other small companies to expand their product portfolio and boost sales revenue. Moreover, other key players are striving to gain a major chink of the market share by adopting strategies such as collaboration, partnership, and the introduction of new products that will favor the growth of the market in the forthcoming years.

    The global global bioplastics market size is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years. Postponement of Green Investment by Government amid COVID-19 to Hamper Growth According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market. Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940 Market Segmentation: Based on type, the market is segmented into biodegradable and non-biodegradable. On the basis of application, the market is divided into rigid packaging, flexible packaging, textiles, automotive & transportation, agriculture & horticulture, consumer goods, and others. Based on application, the automotive & transportation segment held a market share of about 6.0% in 2020 and is expected to experience significant growth in the forthcoming years. This is due to the increasing adoption of bioplastics in the manufacturing of lightweight automotive components worldwide. Lastly, based on region, the market is categorized into Europe, North America, Asia-Pacific, and Rest of the World. What does the Report Include? The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period. DRIVING FACTORS Increasing Demand for Eco-Friendly Plastics to Aid Growth According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years. REGIONAL INSIGHTS Europe – The region is expected to remain dominant and hold the largest global bioplastics market share during the forecast period. The dominance is attributable to the increasing demand for bio-based plastics for packaging purposes in the region. Europe stood at USD 3,460.8 million in 2020. Asia-Pacific – The market in the region is expected to experience exponential growth in the forthcoming years. This is ascribable to factors such as the presence of large production capabilities in countries such as China and India that will boost the adoption of bioplastics between 2021 and 2028. COMPETITIVE LANDSCAPE Merger and Acquisition Strategy Adopted by Major Companies to Brighten Their Market Prospects The global market for bioplastics is experiencing dynamic competition from several companies focusing on establishing their strong presence. These companies are acquiring other small companies to expand their product portfolio and boost sales revenue. Moreover, other key players are striving to gain a major chink of the market share by adopting strategies such as collaboration, partnership, and the introduction of new products that will favor the growth of the market in the forthcoming years.
    Bioplastics Market Size, Share & Growth | Global Report [2028]
    The global bioplastics market is projected to grow from $7,616.0 million in 2021 to $15,552.3 million in 2028 at a CAGR of 10.7% in forecast period 2021-2028
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  • Benzene and its Derivatives Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2028
    The global benzene and its derivatives market size was USD 25.4 billion in 2020. The market is projected to grow from USD 34.6 billion in 2021 to USD 53.5 billion in 2028 at a CAGR of 6.4% during the 2021-2028 period.

    This information is provided by Fortune Business Insights, in its report, titled, “Benzene and its Derivatives Market, 2021-2028.”

    According to our expert analysts, the increasing chemical industry and surging demand for polymers is expected to drive the benzene and its derivatives market growth.

    Report Coverage:

    We have deployed an elite research method that encompasses statistics triangulation grounded on the renowned bottom-up and top-down strategies. Our analysts have conducted a methodical prime research to validate the estimated size of the benzene and its derivatives market. The data utilized to signify the shares for multiple segments at the national, domestic, as well as international stages is gathered from extensive interviews directed with several investors. Our researchers have also derived data from funded records, industry registers, SEC documents, and many such parallel modes.

    Segmentation:

    On the basis of derivatives, the market is classified into ethylbenzene, cumene, chlorobenzene, alkyl benzene, and others.

    In terms of application, the market is categorized into industrial chemical, oil & gas, rubbers & plastics, pharmaceutical, and others. The industrial chemical is likely to be responsible for a majority share during the forecast period.

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

    Drivers and Restraints:

    Surging Demand for Styrene Polymers from Several End-Use Industries to Spur Market

    The maximum amount of styrene manufactured across the globe is utilized to produce polystyrene, which is a polymerized form of styrene that is available in foam, solid, as well as film forms. Polystyrene is extensively applied in the packing industry owing to its admirable flexibility, lightweight, elasticity, as well as moisture resistance. In the last decade, developing nations such as India and China have seen substantial growth in the e-commerce sector.

    Regional Insights:

    Asia Pacific is responsible for a major benzene and its derivatives market share in terms of domestic usage and trade of benzene and its derivatives.

    North America is anticipated to register a noticeable growth rate owing to growing demand from the escalating petrochemical sector.

    Europe is expected to extend sturdily as a consequence of tight guidelines governing the usage of benzene and its derivatives in consumer goods. Demand for styrene and phenol is growing owing to the increase in demand from the pharmaceutical, automotive, as well as plastics industries.

    Competitive Landscape:

    New Procurements by Vital Players to Spur Market Growth

    Important players in the market are incessantly scheduling approaches to expand their business effectively and to preserve their principal position in the market. One such stratagem is initiating products for better reach among end-users.

    With each day passed, several principal players are inaugurating partnerships with companies from a different as well as same domain in order to amplify their businesses and develop technologically groundbreaking products for their customers.

    Browse Summary:

    https://www.fortunebusinessinsights.com/industry-reports/benzene-market-101717



    Benzene and its Derivatives Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2028 The global benzene and its derivatives market size was USD 25.4 billion in 2020. The market is projected to grow from USD 34.6 billion in 2021 to USD 53.5 billion in 2028 at a CAGR of 6.4% during the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Benzene and its Derivatives Market, 2021-2028.” According to our expert analysts, the increasing chemical industry and surging demand for polymers is expected to drive the benzene and its derivatives market growth. Report Coverage: We have deployed an elite research method that encompasses statistics triangulation grounded on the renowned bottom-up and top-down strategies. Our analysts have conducted a methodical prime research to validate the estimated size of the benzene and its derivatives market. The data utilized to signify the shares for multiple segments at the national, domestic, as well as international stages is gathered from extensive interviews directed with several investors. Our researchers have also derived data from funded records, industry registers, SEC documents, and many such parallel modes. Segmentation: On the basis of derivatives, the market is classified into ethylbenzene, cumene, chlorobenzene, alkyl benzene, and others. In terms of application, the market is categorized into industrial chemical, oil & gas, rubbers & plastics, pharmaceutical, and others. The industrial chemical is likely to be responsible for a majority share during the forecast period. Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Drivers and Restraints: Surging Demand for Styrene Polymers from Several End-Use Industries to Spur Market The maximum amount of styrene manufactured across the globe is utilized to produce polystyrene, which is a polymerized form of styrene that is available in foam, solid, as well as film forms. Polystyrene is extensively applied in the packing industry owing to its admirable flexibility, lightweight, elasticity, as well as moisture resistance. In the last decade, developing nations such as India and China have seen substantial growth in the e-commerce sector. Regional Insights: Asia Pacific is responsible for a major benzene and its derivatives market share in terms of domestic usage and trade of benzene and its derivatives. North America is anticipated to register a noticeable growth rate owing to growing demand from the escalating petrochemical sector. Europe is expected to extend sturdily as a consequence of tight guidelines governing the usage of benzene and its derivatives in consumer goods. Demand for styrene and phenol is growing owing to the increase in demand from the pharmaceutical, automotive, as well as plastics industries. Competitive Landscape: New Procurements by Vital Players to Spur Market Growth Important players in the market are incessantly scheduling approaches to expand their business effectively and to preserve their principal position in the market. One such stratagem is initiating products for better reach among end-users. With each day passed, several principal players are inaugurating partnerships with companies from a different as well as same domain in order to amplify their businesses and develop technologically groundbreaking products for their customers. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/benzene-market-101717
    Benzene and its Derivatives Market Size, Growth & Share, 2028
    The global benzene and its derivatives market is projected to grow from $34.6 billion in 2021 to $53.5 billion in 2028 at a CAGR of 6.4% in forecast period
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  • Specialty Chemicals Market Growth Size, Share, Industry Analysis, Future Growth, Business Prospects and Forecast to 2028
    According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021.

    However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them.

    Solvay Launches New Line of High-Performance PPA Compounds

    Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry.



    Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment

    On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield.

    The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector.

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517

    Specialty Chemicals Market Growth Size, Share, Industry Analysis, Future Growth, Business Prospects and Forecast to 2028 According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021. However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them. Solvay Launches New Line of High-Performance PPA Compounds Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry. Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield. The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517
    Specialty Chemicals Market Size, Trends | Analysis Report, 2028
    The global specialty chemicals market is projected to grow from $641.2 billion in 2021 to $882.6 billion in 2028 at a CAGR of 4.7% during forecast period
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  • Flat Glass Market Key Trends in 2021 and Beyond
    According to a recently published report by Fortune Business Insights The global flat glass market forecast is likely to gain traction from the rapid industrialization. It is driving the demand for flat glass as they are being used extensively in the commercial buildings to conserve energy. It is done by maximizing the usage of natural light. Fortune Business Insights™ provided this information in a recent report, The report further states that the flat glass industry share was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.

    The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

    We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

    Drivers & Restraints-

    Rising Government Initiatives to Promote Energy Efficiency will Drive Growth

    Flat glass is gaining popularity in the building & construction industry owing to its ability to provide excellent thermal insulation and acoustic insulation. Also, the increasing number of infrastructural development and construction activities would contribute to the flat glass market growth in the near future.

    Furthermore, the rising utilization of flat glass in commercial and residential buildings is enabling the usage of natural light and is reducing the consumption, as well as the cost of artificial lights. The governments of various countries are also implementing various stringent norms and regulations to promote energy efficiency. Researchers say that buildings adopting these rules are consuming approximately 40%-60% less energy, unlike the conventional buildings. However, the decomposition of raw materials and combustion of fuel oil often emit carbon dioxide in the atmosphere. It may obstruct the market growth.

    Segment-

    Ability to Improve Solar Gain will Drive Growth of the Coated Segment

    Based on product type, the market is categorized into toughened, laminated, extra clear, coated, and others. Out of these, in 2018, the coated segment held 23.9%flat glass market share. This growth is attributable to the possession of numerous beneficial properties of coated flat glass. These include enhanced self-cleaning, hydrophobic, anti-reflection, and insulation properties. Such glass aids in improving solar gain and in maintaining the heat inside the building. The laminated segment, on the other hand, holds the major share fueled by their upsurging demand from the construction and automotive industries. It is because they are capable of remaining intact when broken.

    Regional Analysis-

    Asia Pacific to Remain at the Forefront Stoked by Rising Infrastructural Development

    Geographically, the market is divided into the Middle East and Africa, South America, Asia Pacific, Europe, and North America. Amongst these, Asia Pacific generated USD 53.41 billion in 2018in terms of market revenue. This growth is mainly attributable to the rising investments by the governments of various countries in infrastructural development, as well as construction activities. Besides, China, being the largest contributor to the demand for flat glass, would propel the overall growth in this region. North America is expected to grow considerably backed by the presence of various government regulations on constructing energy efficient buildings.

    Competitive Landscape-

    Key Players Focus on the Strategy of Investment to Increase Sales

    The market consists of many companies. But only five companies out of those account for around 60% of the worldwide production capacity of flat glass. They are adopting strategies, such as the development of state-of-the-art technologies, superior operational efficiency, and diversified product portfolios to strengthen their positions. Below are two of the latest key industry developments:

    September 2019: Guardian Glass invested huge sums in the modernization and upgradation of glass production lines in Hungary and the U.K.
    April 2018: Saint-Gobain acquired 50% stake in the flat glass production line ofJJG situated in the Shandong province of China to surge the former’s production capacity.
    Source:https://www.fortunebusinessinsights.com/flat-glass-market-102720
    Flat Glass Market Key Trends in 2021 and Beyond According to a recently published report by Fortune Business Insights The global flat glass market forecast is likely to gain traction from the rapid industrialization. It is driving the demand for flat glass as they are being used extensively in the commercial buildings to conserve energy. It is done by maximizing the usage of natural light. Fortune Business Insights™ provided this information in a recent report, The report further states that the flat glass industry share was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Drivers & Restraints- Rising Government Initiatives to Promote Energy Efficiency will Drive Growth Flat glass is gaining popularity in the building & construction industry owing to its ability to provide excellent thermal insulation and acoustic insulation. Also, the increasing number of infrastructural development and construction activities would contribute to the flat glass market growth in the near future. Furthermore, the rising utilization of flat glass in commercial and residential buildings is enabling the usage of natural light and is reducing the consumption, as well as the cost of artificial lights. The governments of various countries are also implementing various stringent norms and regulations to promote energy efficiency. Researchers say that buildings adopting these rules are consuming approximately 40%-60% less energy, unlike the conventional buildings. However, the decomposition of raw materials and combustion of fuel oil often emit carbon dioxide in the atmosphere. It may obstruct the market growth. Segment- Ability to Improve Solar Gain will Drive Growth of the Coated Segment Based on product type, the market is categorized into toughened, laminated, extra clear, coated, and others. Out of these, in 2018, the coated segment held 23.9%flat glass market share. This growth is attributable to the possession of numerous beneficial properties of coated flat glass. These include enhanced self-cleaning, hydrophobic, anti-reflection, and insulation properties. Such glass aids in improving solar gain and in maintaining the heat inside the building. The laminated segment, on the other hand, holds the major share fueled by their upsurging demand from the construction and automotive industries. It is because they are capable of remaining intact when broken. Regional Analysis- Asia Pacific to Remain at the Forefront Stoked by Rising Infrastructural Development Geographically, the market is divided into the Middle East and Africa, South America, Asia Pacific, Europe, and North America. Amongst these, Asia Pacific generated USD 53.41 billion in 2018in terms of market revenue. This growth is mainly attributable to the rising investments by the governments of various countries in infrastructural development, as well as construction activities. Besides, China, being the largest contributor to the demand for flat glass, would propel the overall growth in this region. North America is expected to grow considerably backed by the presence of various government regulations on constructing energy efficient buildings. Competitive Landscape- Key Players Focus on the Strategy of Investment to Increase Sales The market consists of many companies. But only five companies out of those account for around 60% of the worldwide production capacity of flat glass. They are adopting strategies, such as the development of state-of-the-art technologies, superior operational efficiency, and diversified product portfolios to strengthen their positions. Below are two of the latest key industry developments: September 2019: Guardian Glass invested huge sums in the modernization and upgradation of glass production lines in Hungary and the U.K. April 2018: Saint-Gobain acquired 50% stake in the flat glass production line ofJJG situated in the Shandong province of China to surge the former’s production capacity. Source:https://www.fortunebusinessinsights.com/flat-glass-market-102720
    Flat Glass Market Size, Share, Forecast | Industry Report, 2026
    The global flat glass market Size was valued at USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.
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  • Pharmaceutical Glass Packaging Market Growth 2021, Latest Trends, COVID-19 Impact, and Forecast to 2027
    The global pharmaceutical glass packaging market is set to gain momentum from the increasing development of new types of glasses owing to the high demand from the pharmaceutical industry. This information is given by Fortune Business Insights™ in a new study, titled, “Pharmaceutical Glass Packaging Market Size, Share & Industry Analysis, By Product (Vials & Ampoules, Bottles, Cartridges, and Syringes), By Drug Type (Generic, Branded, and Biologic), and Regional Forecast, 2020-2027.” The study further mentions that the pharmaceutical glass packaging market size was USD 6.31 billion in 2019 and is projected to reach USD 10.76 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period.

    How Did We Create This Report?

    As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities in the market for pharmaceutical glass packaging. We have also conducted a techno-economic study.

    Drivers & Restraints-

    Rising Awareness of Health to Favor Growth

    The pharmaceutical industry is expanding rapidly across the globe. The rising expenditure on public healthcare systems, increasing awareness of health, and astonishingly surging population are the prime factors for the pharmaceutical glass packaging market growth in the upcoming years. However, the industry is making more usage of plastic packaging nowadays backed by its impact resistance, cost effectiveness, easy molding, and flexibility properties. It may lower the demand for pharmaceutical glass packaging.

    Segment-

    Cartridges Segment to Grow Steadily Fueled by High Demand for Self-administered Injectables

    Based on the product, the cartridges segment generated 11.0% in terms of the pharmaceutical glass packaging market share in 2019. This growth is attributable to the increasing demand for multi-dosage and self-administered injectables. The bottles segment is expected to remain at the forefront stoked by the rising preference for such pharmaceutical glass packaging as they can contain ophthalmic products, syrups, capsules, and tablets.

    Regional Insights-

    Increasing Spending on Healthcare to Help North America Remain at the Forefront

    Geographically, North America procured USD 2.12 billion in 2019 in terms of revenue. The ongoing expansion of the pharmaceutical industry would propel the regional growth. Besides, the increasing prevalence of various diseases, as well as surging spending on healthcare is likely to propel growth.

    Europe, on the other hand, is projected to remain in the second position throughout the forthcoming years on account of the rising government guidelines for controlling the transmission of COVID-19. Italy, Germany, and the U.K. are considered to be the main contributors to this growth. In Latin America, governments are implementing new policies, such as favorable tariff protection. Coupled with this, the increasing geriatric population would accelerate the demand for pharmaceutical glass packaging.

    Competitive Landscape-

    Key Players Focus on Launching Innovative Packaging Solutions to Strengthen Their Positions

    The global market for pharmaceutical glass packaging houses multiple reputed companies that are presently focusing on developing unique products to cater to the high demand worldwide. Also, the COVID-19 pandemic has resulted in the high demand for robust packaging. Below is one of the latest industry developments

    Information Source:

    https://www.fortunebusinessinsights.com/pharmaceutical-glass-packaging-market-104710
    Pharmaceutical Glass Packaging Market Growth 2021, Latest Trends, COVID-19 Impact, and Forecast to 2027 The global pharmaceutical glass packaging market is set to gain momentum from the increasing development of new types of glasses owing to the high demand from the pharmaceutical industry. This information is given by Fortune Business Insights™ in a new study, titled, “Pharmaceutical Glass Packaging Market Size, Share & Industry Analysis, By Product (Vials & Ampoules, Bottles, Cartridges, and Syringes), By Drug Type (Generic, Branded, and Biologic), and Regional Forecast, 2020-2027.” The study further mentions that the pharmaceutical glass packaging market size was USD 6.31 billion in 2019 and is projected to reach USD 10.76 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period. How Did We Create This Report? As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities in the market for pharmaceutical glass packaging. We have also conducted a techno-economic study. Drivers & Restraints- Rising Awareness of Health to Favor Growth The pharmaceutical industry is expanding rapidly across the globe. The rising expenditure on public healthcare systems, increasing awareness of health, and astonishingly surging population are the prime factors for the pharmaceutical glass packaging market growth in the upcoming years. However, the industry is making more usage of plastic packaging nowadays backed by its impact resistance, cost effectiveness, easy molding, and flexibility properties. It may lower the demand for pharmaceutical glass packaging. Segment- Cartridges Segment to Grow Steadily Fueled by High Demand for Self-administered Injectables Based on the product, the cartridges segment generated 11.0% in terms of the pharmaceutical glass packaging market share in 2019. This growth is attributable to the increasing demand for multi-dosage and self-administered injectables. The bottles segment is expected to remain at the forefront stoked by the rising preference for such pharmaceutical glass packaging as they can contain ophthalmic products, syrups, capsules, and tablets. Regional Insights- Increasing Spending on Healthcare to Help North America Remain at the Forefront Geographically, North America procured USD 2.12 billion in 2019 in terms of revenue. The ongoing expansion of the pharmaceutical industry would propel the regional growth. Besides, the increasing prevalence of various diseases, as well as surging spending on healthcare is likely to propel growth. Europe, on the other hand, is projected to remain in the second position throughout the forthcoming years on account of the rising government guidelines for controlling the transmission of COVID-19. Italy, Germany, and the U.K. are considered to be the main contributors to this growth. In Latin America, governments are implementing new policies, such as favorable tariff protection. Coupled with this, the increasing geriatric population would accelerate the demand for pharmaceutical glass packaging. Competitive Landscape- Key Players Focus on Launching Innovative Packaging Solutions to Strengthen Their Positions The global market for pharmaceutical glass packaging houses multiple reputed companies that are presently focusing on developing unique products to cater to the high demand worldwide. Also, the COVID-19 pandemic has resulted in the high demand for robust packaging. Below is one of the latest industry developments Information Source: https://www.fortunebusinessinsights.com/pharmaceutical-glass-packaging-market-104710
    Pharmaceutical Glass Packaging Market Size | Global Report [2027]
    The global pharmaceutical glass packaging market size was USD 6.31 billion in 2019 and is projected to reach USD 10.76 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period.
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  • Nanocomposites Market Price, Size, Report, Segments, Key Players Insights and Forecast Report by 2027
    The global nanocomposites market size is projected to reach USD 14.34 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Nanocomposites Market Size, Share & COVID-19 Impact Analysis, By Type (Polymer, Metal, Ceramic, Others), By Product (Carbon Nanotubes, Nanoclay, Graphene, Nanofiber, Others), By Application (Packaging, Electrical & Electronics, Automotive, Aerospace & Defense, Others), and Regional Forecast, 2020-2027” the market was worth USD 4.32 billion in 2019 and will exhibit a CAGR of 16.3% during the forecast period, 2020-2027.

    Increasing Number of Company Collaborations will Emerge in Favor of Market Growth

    The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting for the increasing demand for the product, there is a healthy market competition across the world. The strong market competition has encouraged companies to adopt newer strategies that have helped them establish a stronghold in the market. In July 2020, PPK announced that it has partnered with Geelong’s Deakin University for the development of a new product integrated with nanocomposites. The companies will develop boron nitride nanotubes (BNNT) for new dental nanocomposites. An increasing number of such company collaborations will have a huge impact on the growth of the overall market in the forthcoming years.

    Asia Pacific to Emerge Dominant; Presence of Several Large Scale Companies will Emerge in Favor of Market Growth

    The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing use of nanocomposites by large-scale companies in the Asia Pacific will fuel the demand for the product across the world. The increasing investments in the research and development of efficient products will also emerge in favor of market growth. Additionally, the increasing use of nanocomposites in the electronic industry will have a huge impact on the growth of the regional market. As of 2019, the market in Asia Pacific was worth USD 1.65 billion and this value is projected to rise at a considerable pace in the coming years.

    Industry Developments:

    July 2019: Researchers from the University of California, Santa Barbara, and the University of Hawaii have synthesized nanoparticles that can be used for 3D printing.

    Browse Summary:

    https://www.fortunebusinessinsights.com/nanocomposites-market-104041



    Nanocomposites Market Price, Size, Report, Segments, Key Players Insights and Forecast Report by 2027 The global nanocomposites market size is projected to reach USD 14.34 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Nanocomposites Market Size, Share & COVID-19 Impact Analysis, By Type (Polymer, Metal, Ceramic, Others), By Product (Carbon Nanotubes, Nanoclay, Graphene, Nanofiber, Others), By Application (Packaging, Electrical & Electronics, Automotive, Aerospace & Defense, Others), and Regional Forecast, 2020-2027” the market was worth USD 4.32 billion in 2019 and will exhibit a CAGR of 16.3% during the forecast period, 2020-2027. Increasing Number of Company Collaborations will Emerge in Favor of Market Growth The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting for the increasing demand for the product, there is a healthy market competition across the world. The strong market competition has encouraged companies to adopt newer strategies that have helped them establish a stronghold in the market. In July 2020, PPK announced that it has partnered with Geelong’s Deakin University for the development of a new product integrated with nanocomposites. The companies will develop boron nitride nanotubes (BNNT) for new dental nanocomposites. An increasing number of such company collaborations will have a huge impact on the growth of the overall market in the forthcoming years. Asia Pacific to Emerge Dominant; Presence of Several Large Scale Companies will Emerge in Favor of Market Growth The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing use of nanocomposites by large-scale companies in the Asia Pacific will fuel the demand for the product across the world. The increasing investments in the research and development of efficient products will also emerge in favor of market growth. Additionally, the increasing use of nanocomposites in the electronic industry will have a huge impact on the growth of the regional market. As of 2019, the market in Asia Pacific was worth USD 1.65 billion and this value is projected to rise at a considerable pace in the coming years. Industry Developments: July 2019: Researchers from the University of California, Santa Barbara, and the University of Hawaii have synthesized nanoparticles that can be used for 3D printing. Browse Summary: https://www.fortunebusinessinsights.com/nanocomposites-market-104041
    Nanocomposites Market Size & Share | Global Industry Report, 2027
    The global nanocomposites market size was USD 4.32 Bn in 2019 and is projected to reach USD 14.34 Bn by 2027, exhibiting a CAGR of 16.3% during the forecast period.
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  • Specialty Chemicals Market 2020: Top Countries Data, Industry Share, Size Growth Factors, Business Opportunities And Forecast To 2028
    According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021.

    However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them.



    Solvay Launches New Line of High-Performance PPA Compounds

    Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry.

    Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment

    On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield.

    The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector.

    Acquisition Activities to be the Predominant Expansion Strategies for Key Players
    The widening applicability of specialty chemicals is encouraging companies to rapidly expand their market presence. In pursuit of this goal, key players are making strategic acquisitions of other competitors, smaller entities, and financially weaker organizations. Such acquisitions are empowering players to gain an immovable and enviable position in the market, whilst diversifying their portfolios and strengthening their operations in emerging economies.

    Detailed Table of Content:

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517

    Specialty Chemicals Market 2020: Top Countries Data, Industry Share, Size Growth Factors, Business Opportunities And Forecast To 2028 According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021. However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them. Solvay Launches New Line of High-Performance PPA Compounds Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry. Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield. The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector. Acquisition Activities to be the Predominant Expansion Strategies for Key Players The widening applicability of specialty chemicals is encouraging companies to rapidly expand their market presence. In pursuit of this goal, key players are making strategic acquisitions of other competitors, smaller entities, and financially weaker organizations. Such acquisitions are empowering players to gain an immovable and enviable position in the market, whilst diversifying their portfolios and strengthening their operations in emerging economies. Detailed Table of Content: Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517
    Specialty Chemicals Market Size, Trends | Analysis Report, 2028
    The global specialty chemicals market is projected to grow from $641.2 billion in 2021 to $882.6 billion in 2028 at a CAGR of 4.7% during forecast period
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  • The global phosphorus and derivatives market size is expected to grow from USD 65.13 billion in 2021 to reach USD 85.01 billion in 2028, exhibiting a CAGR of 3.9% between 2021 and 2028. The growing knowledge about the benefits of lithium iron phosphate (LFP) batteries in EVs will spur demand for LFP batteries, therefore aiding the market growth, states Fortune Business Insights, in a report, titled “Phosphorus and Derivatives Market, 2021-2028.” The market size stood at USD 62.78 billion in 2020.

    The COVID-19 epidemic has caused the fertilizer business to languish. Crop producers were impacted by logistical issues, production halts or reductions, and workforce shortages, which restricted their access to fertilizers. As a result, fertilizer prices fell by 8.5 percent in May 2020 due to decreased ingredient costs and sluggish seasonal demand. Besides, policymakers in a number of other countries have issued precautionary notices to safeguard the circulation and transit of agricultural commodities in the presence of the pandemic.

    What Does the Report Include?

    The market research contains a complete analysis of the key market drivers and constraints, opportunities, and challenges that the industry will encounter during the forecast period. The study offers an in-depth analysis of the industry's geographical changes and how they impact market growth.

    Driving Factor:

    Heavy Investment in Agricultural Sector to Propel Market

    The phosphorus and derivatives market is expected to flourish due to rising fertilizer demand and increased investment by various agricultural sectors. Agriculture will benefit from a growing population and increased food demand. Phosphorus is an important mineral in the bodies of animals and in their diets, where ammonium phosphate is employed as a feed ingredient. Because of its acidic properties, mono-ammonium phosphate (MAP) fertilizers are becoming more popular in animal feed, resulting in increased animal growth and metabolism. Phosphorus and derivatives are essential elements that help fertilizers, food, and detergents maintain their strength and purity. In agricultural cultivation, P derivatives are commonly employed as fertilizers and used to produce water cleaning agents, food items, and detergents. Additionally, the rising agricultural activities will back the development of the phosphorus and derivatives market share.

    The Report Lists the Key Players in the Market:

    OCP (Casablanca, Morocco)
    Mosaic (Florida, U.S.)
    Yara International ASA (Oslo, Norway)
    EuroChem Group (Zug, Switzerland)
    Solvay (Brussels, Belgium)
    Prayon S.A. (Engis, Belgium)
    Ma’aden (Riyadh, Saudi Arabia)
    Innophos Holdings (New Jersey, U.S.)
    LANXESS (Cologne, Germany)
    Italmatch Chemicals S.p.A. (Genoa, Italy)
    ICL (Tel Aviv-Yafo, Israel)
    Kazphosphate LLC (Almaty, Kazakhstan)
    Haifa Group (Haifa, Israel)
    Omnisal GmbH (Lutherstadt Wittenberg, Germany)
    Other Key Players
    Inauguration of New Plant by OCP Group to Encourage Growth

    Morocco's phosphate behemoth, the OCP Group, is working closely with Budenheim, Germany, and Prayon, Belgium, to establish a new purified phosphoric acid production plant. The major development will be inaugurated by OCP's subsidiary Euro Maroc Phosphore (EMAPHOS), a holding company with Moroccan and European partners based in Casablanca, a harbor on the Atlantic Ocean. The announcement of the new plant by OCP will have an excellent impact on this market. Throughout the fourth quarter of 2022, the proposed project will double EMAPHOS' annual production capacity, from 140,000 total phosphorus (TP) 205 per year to 280,000 TP 205 per year. The project is now being evaluated in-depth after finishing the fundamental engineering studies in March 2020. The work is scheduled to begin in the first quarter of 2021. The infrastructure will support the companies' statutory reserves retained.

    Market Segments:

    Based on type, the market is segmented into ammonium phosphate, phosphoric acid, industrial phosphate, phosphorus pentoxide, and others.

    Based on application, the market is classified into fertilizers, detergents, food, flame retardant material, and others. Fertilizers are expected to hold the largest share during the forecast period due to the high utilization of phosphorous-based fertilizers such as MAP, DAP, NPKs, and Single Super Phosphate (SSP).

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


    Key Development:

    November 2020: AgroLiquid introduced a liquid phosphorus product, springuP, to its crop nutrition portfolio. This product is a voluntarily available product that encourages growers to get their crops off to a convincing start.

    Information Source-

    https://www.fortunebusinessinsights.com/phosphorus-and-derivatives-market-106168
    The global phosphorus and derivatives market size is expected to grow from USD 65.13 billion in 2021 to reach USD 85.01 billion in 2028, exhibiting a CAGR of 3.9% between 2021 and 2028. The growing knowledge about the benefits of lithium iron phosphate (LFP) batteries in EVs will spur demand for LFP batteries, therefore aiding the market growth, states Fortune Business Insights, in a report, titled “Phosphorus and Derivatives Market, 2021-2028.” The market size stood at USD 62.78 billion in 2020. The COVID-19 epidemic has caused the fertilizer business to languish. Crop producers were impacted by logistical issues, production halts or reductions, and workforce shortages, which restricted their access to fertilizers. As a result, fertilizer prices fell by 8.5 percent in May 2020 due to decreased ingredient costs and sluggish seasonal demand. Besides, policymakers in a number of other countries have issued precautionary notices to safeguard the circulation and transit of agricultural commodities in the presence of the pandemic. What Does the Report Include? The market research contains a complete analysis of the key market drivers and constraints, opportunities, and challenges that the industry will encounter during the forecast period. The study offers an in-depth analysis of the industry's geographical changes and how they impact market growth. Driving Factor: Heavy Investment in Agricultural Sector to Propel Market The phosphorus and derivatives market is expected to flourish due to rising fertilizer demand and increased investment by various agricultural sectors. Agriculture will benefit from a growing population and increased food demand. Phosphorus is an important mineral in the bodies of animals and in their diets, where ammonium phosphate is employed as a feed ingredient. Because of its acidic properties, mono-ammonium phosphate (MAP) fertilizers are becoming more popular in animal feed, resulting in increased animal growth and metabolism. Phosphorus and derivatives are essential elements that help fertilizers, food, and detergents maintain their strength and purity. In agricultural cultivation, P derivatives are commonly employed as fertilizers and used to produce water cleaning agents, food items, and detergents. Additionally, the rising agricultural activities will back the development of the phosphorus and derivatives market share. The Report Lists the Key Players in the Market: OCP (Casablanca, Morocco) Mosaic (Florida, U.S.) Yara International ASA (Oslo, Norway) EuroChem Group (Zug, Switzerland) Solvay (Brussels, Belgium) Prayon S.A. (Engis, Belgium) Ma’aden (Riyadh, Saudi Arabia) Innophos Holdings (New Jersey, U.S.) LANXESS (Cologne, Germany) Italmatch Chemicals S.p.A. (Genoa, Italy) ICL (Tel Aviv-Yafo, Israel) Kazphosphate LLC (Almaty, Kazakhstan) Haifa Group (Haifa, Israel) Omnisal GmbH (Lutherstadt Wittenberg, Germany) Other Key Players Inauguration of New Plant by OCP Group to Encourage Growth Morocco's phosphate behemoth, the OCP Group, is working closely with Budenheim, Germany, and Prayon, Belgium, to establish a new purified phosphoric acid production plant. The major development will be inaugurated by OCP's subsidiary Euro Maroc Phosphore (EMAPHOS), a holding company with Moroccan and European partners based in Casablanca, a harbor on the Atlantic Ocean. The announcement of the new plant by OCP will have an excellent impact on this market. Throughout the fourth quarter of 2022, the proposed project will double EMAPHOS' annual production capacity, from 140,000 total phosphorus (TP) 205 per year to 280,000 TP 205 per year. The project is now being evaluated in-depth after finishing the fundamental engineering studies in March 2020. The work is scheduled to begin in the first quarter of 2021. The infrastructure will support the companies' statutory reserves retained. Market Segments: Based on type, the market is segmented into ammonium phosphate, phosphoric acid, industrial phosphate, phosphorus pentoxide, and others. Based on application, the market is classified into fertilizers, detergents, food, flame retardant material, and others. Fertilizers are expected to hold the largest share during the forecast period due to the high utilization of phosphorous-based fertilizers such as MAP, DAP, NPKs, and Single Super Phosphate (SSP). Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Key Development: November 2020: AgroLiquid introduced a liquid phosphorus product, springuP, to its crop nutrition portfolio. This product is a voluntarily available product that encourages growers to get their crops off to a convincing start. Information Source- https://www.fortunebusinessinsights.com/phosphorus-and-derivatives-market-106168
    Phosphorus and Derivatives Market Size, Share & Growth [2028]
    The global phosphorus and derivatives market is projected to grow from $65.13 billion in 2021 to $85.01 billion in 2028 at a CAGR of 3.9% in forecast period
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  • Industrial Coatings Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2028
    The global industrial coatings market is set to impetus from the increasing focus of manufacturers towards developing greener processes. These processes would help in creating fewer emissions and wastes, as well as use lesser energy. This information is given by Fortune Business Insights™ in a new report, titled, “Industrial Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Technology (Solvent-borne, Water-borne, Powder, and Others), By End-use (General Industrial, Powder, Automotive OEM, Automotive Refinish, Protective, Wood, Marine, Coil, Packaging, and Others), and Regional Forecast, 2020-2027.” The report further states that this market size was USD 86.81 billion in 2019 and is projected to reach USD 119.54 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period.


    Segment-

    Acrylic Segment to Hold Major Share Backed by High Demand from Biomedicine Industry

    Based on resin, the acrylic segment held the major industrial coatings market share in 2019. This growth is attributable to the increasing demand for ceramic from the biomedicine industry. Binders or resins are capable of holding every component of coatings together. The alky segment would showcase considerable growth in the near future because of its cost-effective and versatile nature.

    Regional Analysis-

    Asia Pacific to Remain at the Forefront Fueled by Rising Production of Automotive

    Geographically, Asia Pacific procured USD 36.5 billion in terms of revenue in 2019. The region is set to retain its dominant position in the market throughout the forthcoming years. This growth is attributable to increasing consumer spending and rising automotive production. Additionally, the rising government subsidies, interest rates, general industrial production, and construction activities in this region would spur demand.

    Europe, on the other hand, is expected to show significant growth stoked by the ongoing developments in the oil & gas sector. At the same time, the rising usage of powder coatings owing to the rapid technological advancements in this sector would drive growth.



    Browse Link:

    https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741
    Industrial Coatings Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2028 The global industrial coatings market is set to impetus from the increasing focus of manufacturers towards developing greener processes. These processes would help in creating fewer emissions and wastes, as well as use lesser energy. This information is given by Fortune Business Insights™ in a new report, titled, “Industrial Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Technology (Solvent-borne, Water-borne, Powder, and Others), By End-use (General Industrial, Powder, Automotive OEM, Automotive Refinish, Protective, Wood, Marine, Coil, Packaging, and Others), and Regional Forecast, 2020-2027.” The report further states that this market size was USD 86.81 billion in 2019 and is projected to reach USD 119.54 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period. Segment- Acrylic Segment to Hold Major Share Backed by High Demand from Biomedicine Industry Based on resin, the acrylic segment held the major industrial coatings market share in 2019. This growth is attributable to the increasing demand for ceramic from the biomedicine industry. Binders or resins are capable of holding every component of coatings together. The alky segment would showcase considerable growth in the near future because of its cost-effective and versatile nature. Regional Analysis- Asia Pacific to Remain at the Forefront Fueled by Rising Production of Automotive Geographically, Asia Pacific procured USD 36.5 billion in terms of revenue in 2019. The region is set to retain its dominant position in the market throughout the forthcoming years. This growth is attributable to increasing consumer spending and rising automotive production. Additionally, the rising government subsidies, interest rates, general industrial production, and construction activities in this region would spur demand. Europe, on the other hand, is expected to show significant growth stoked by the ongoing developments in the oil & gas sector. At the same time, the rising usage of powder coatings owing to the rapid technological advancements in this sector would drive growth. Browse Link: https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741
    Industrial Coatings Market Size, Share | Forecast Report [2028]
    The global industrial coatings market is projected to grow from $137.1 billion in 2021 to $183.2 billion in 2028 at a CAGR of 4.2% in forecast period, 2021-2028
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