Non-Stick Cookware Market | Incredible Possibilities, Growth, Trend, Opportunities Detailed Analysis and Forecast to 2028

Non-Stick Cookware Market Outlook-2028

Cooking is a decade long activity which one performs out of necessity or has a personal interest, or rather takes it up as a profession, because food is the basic necessity for human survival. Traditionally, mud pots or earthen cookware were used to cook food. But with the evolution of human beings and the development of economies & technology gave rise to the production of modern cookware products and techniques. An increasing number of chefs, the growing popularity of cooking shows, the inclination of both men and women in cooking practices, engagement of children in cooking to try out new dishes, the increasing popularity of international level cooking competitions, and the advent of new dishes requiring specialized cookware drive the demand for non-stick cookware in the market.

Non-stick cookware is a utensil whose surface is engineered in such a way that the risk of food items to stick on the cookware minimizes. A coating of a smooth texture (non-stick coating) on non-stick cookware prevents the food from sticking to the utensil or from getting burned or overcooked. A variety of non-stick cookware is present in the global market, coated by using different raw materials like Teflon, aluminum, enameled iron, ceramic, and many others.

Using non-stick cookware enables less oil utilization is also easy to wash as there are no remains of food stuck on the cookware. Also, non-stick cookware is available in different shapes, sizes, colors, and materials, which supports its market growth. Therefore, it is projected that the non-stick cookware market will grow significantly during the forecast period.

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COVID-19 ScenarioAnalysis:

As a result of the ongoing pandemic crisis, the overall performance of the cookware industry has dropped.
The disruption of the supply chain has affected the manufacturing and distribution process.
Pay reduction has been implemented for the factory workers.
Stay at home orders has stopped the people from going outside, for purchasing such products.
Although, the e-commerce business is expected to have a positive influence on sales in the ongoing pandemic situation and the future.
Hotels, restaurants, fast food retails drove the cookware market, but due to the prevailing lockdown situation, the demand for cookware has been put on halt.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

An increasing number of nuclear families and a rising number of individual migrants to urban cities or in any other corner of the world has led to an increased demand for the cookware for their kitchens. Along with this, rising income, increasing disposable income, rising spending capacity, preference for advanced cookware, supports the global market growth for the non-stick cookware market. Additionally, males, females, and even children these days are inclining towards trying new dishes, driving the growth of the non-stick cookware market. Also a shifting preference towards easy-to-clean non-stick products, rising number of fast-food giants, the ability of non-stick cookware to withstand very high temperature, and rising popularity of the ceramic coated non-stick cookware are few other factors that surge the global market growth for the non-stick cookware.

However, the high price of the non-stick cookware and availability of indigenous options such as aluminum and stainless steel at a lower cost and higher durability feature hampers the market growth for this product. Another major threat to the non-stick cookware market is that some non-stick cookware releases hazardous chemicals on heating leading to serious health issues.

However, increasing investment in research & development, developing and launching a new product, and aggressive marketing strategies create revenue opportunities for the players operating in the non-stick cookware market. For instance, ScanPan Inc., a US-based cookware manufacturing company, in 2001, launched a ceramic-based titanium nonstick cookware, which is easy to use and wash and does not contain any harmful metals or chemicals.

The Global Non-stick Cookware Market Trends are as follows:

Emerging Trend of Eco-friendly Non-Stick Cookware:

In almost every industry, health & fitness and usage of eco-friendly products have become an ongoing trend. The cookware industry is observing a similar trend, where demand for green or sustainable products that cause no harm to the surroundings is rising. For instance, chefs across the globe prefer non-stick cookware or eco-friendly pans that do not cause any harm to consumer health. Cuisinart’s green gourmet non-stick cookware is one such non-stick cookware that consumes less energy and also limits carbon emissions.

Non-Toxic Ceramic Coated Non-stick Cookware is Getting Popular:

Ceramic is considered to be the safest and environmentally friendly cookware option globally. The consumer knowledge about the product material is increasing, forcing manufacturers to come up with innovative material having no harmful effect. One such material that is gaining popularity these days is the ceramic coated non-stick cookware. The demand for ceramic coated non-stick cookware is rising because it is free of toxic chemicals like perfluorooctanoic acid (PFOA) and polytetrafluoroethylene (PTFE).

Increasing Online Sales of Non-stick Cookware:

With the increasing penetration of the internet, and the easy availability of cookware across different sales channels has increased the demand for non-stick cookware through online sale platform. Also, the sales through online-distribution channels have surged because they enable the customers to access premium and global brands with well-informed information about the product.

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Key Benefits of the Report:

This study presents the analytical depiction of the global non-stick cookware industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global non-stick cookware market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global non-stick cookware market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global non-stick cookware market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Non-stick Cookware Market Research Report:

What are the leading market players active in the non-stick cookwaremarket?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

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alysis and Forecast to 2028

Personal Accessories Market Is Projected to Expand at a Steady CAGR over the Forecast by 2028

Personal Accessories Market Outlook-2028

Personal accessories are combination of various products designed to provide assistance to the consumer. Personal accessories are developed to enhance the dressing trends of the consumers along with other unique features. These personal accessories are available in different sizes and shapes and are also available in customization form as per the consumer requirements. Features of personal accessories such as easy handling, convenient, fashionable touch, and their basic uses has setup a trend among the end users which has gained huge traction in the past few years.

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There is an increase in the trend of fashion and accessories across the globe. The personal accessories vendors are adding innovations in their accessories to meet the requirement of the consumers. . The rise in disposable income of consumers creates demand for more luxury and unique personal accessories that are designed to suit every section and taste of the society ranging from modest rates to expensive ones. Having vast product versatility, personal accessories are now available in plethora of distribution channels ranging from independent retail store to online sale channels. Personal accessories such as watches, eyewear, bags, wallets, and other products like card holders and belts have also gained an increase in attention among the buyers as these products are also being designed in new shapes and patterns.

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Easy availability of personal accessories in diversified platforms ranging from independent retail store to online sales channel result in expansion of the global personal accessories market. Moreover, increase in penetration of retail sales have augmented the growth of the personal accessories market. In parallel, availability of personal accessories on e-commerce platforms result in convenience to buy goods without any physical constraints to the consumers. Not only ease of convenience and comfort, e-commerce enables customers to deep dive for product information, prices, and benefits comparison and comprehensive value evaluation before committing purchase. Moreover, technology connected and smart personal accessories such as smart watches, gives more fashion driven approach to technology where design is as important as technology. This propels the popularity among consumers, which helps in market expansion for personal accessories. However, the presence of counterfeit products restricts the market growth for personal accessories market. . Counterfeit products are also available in the market which is making it difficult for the consumers to differentiate between original and counterfeit products, this factor negatively impacts the growth of the personal accessories market.

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The personal accessories market is segmented based on its product type, gender, distribution channel, and region. Based on its product type, it is further segmented into watches, bags, jewelry, wallet, eyewear, and others. Based on gender, it is further classified into men, women, and kids. Based on its distribution channel, it is segmented into independent retail store, brand store, specialty store, online sale channel, and hypermarket/supermarket. Based on its region, it further classified into North America, Europe, Asia-Pacific, and LAMEA.
Major key players profiled in this report are Giorgio Armani, Burberry Group plc, Prada Group, Fondation Hans Wilsdorf, Casio, The Swatch Group, Dolce & Gabbana, Ray Ban, and Luxottica Group SpA

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends, estimations, and dynamics of the personal accessories market from 2018 to 2026 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry. The personal accessories market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Key Market Segments:

By Product Type

Watches
Bags
Jewelry
Wallet
Eyewear’s
Others

By Gender

Men
Women
Kids

By Distribution Channel

Independent Retail Store
Brand Store
Specialty Store
Online Sale Channel
Hypermarket/Supermarket

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA

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Anti-Microbial Coatings Market Scope 2021 – Explore Key Influencing Factors Responsible for Rapid Growth in the Coming Years

Allied Market Research recently published a report titled, “Anti-Microbial Coatings Market by Type (Anti-Bacterial, Anti-Viral, Anti-Fungal, and Others), Coating Material (Silver, Copper, Graphene, Titanium Dioxide, and Others), Application (Protective Clothing, Medical, Air & Water Treatment, Packaging, Building & Construction, Mold Remediation, and Others), and Form (Spray, Powder, Liquid, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

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The report includes an overview of the market along with a SWOT analysis of key market players and Porter’s Five analysis to understand their market presence. Moreover, the report offers financial analysis, portfolio analysis, and business overview of the companies which helps stakeholders understand the long-term profitability of the industry. The report includes the latest market developments such as new product launches, partnerships, expansions, and mergers & acquisitions.

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The Anti-Microbial Coatings market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

The report covers the qualitative and quantitative study of historic and forecast periods along with insights on recent market developments and business strategies. The report offers a detailed summary, ongoing market trends, and future estimations to help new market entrants formulate profitable business strategies.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Anti-Microbial Coatings market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Anti-Microbial Coatings market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Anti-Microbial Coatings industry is studied on the basis of geography along with the competitive landscape in every region. The report targets North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Anti-Microbial Coatings market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Anti-Microbial Coatings market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Anti-Microbial Coatings market.

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The Anti-Microbial Coatings market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are Arkema SA, Nippon Paints Holdings, Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., BASF SE, DuPont De Nemours, Inc., Biomerics, Axalta Coating Systems, LLC, nano-Care Deutschland AG, Bio-Fence, and The Sherwin-William Company. The players are continuously researching and working toward finding the impact of several anti-microbial coatings on coronavirus. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Kuwait & Iraq Oilfield Chemicals Market Statistics 2021 – Top Impacting Factors that Can Win the Industry Globally

Allied Market Research recently published a report titled, “Kuwait & Iraq Oilfield Chemicals Market by Application (Drilling, Production, Refining & Processing, Water Treatment, and Other Industries): Opportunity Analysis and Industry Forecast, 2019–2027”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

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The Kuwait & Iraq Oilfield Chemicals market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Kuwait & Iraq Oilfield Chemicals market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Kuwait & Iraq Oilfield Chemicals market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Kuwait & Iraq Oilfield Chemicals industry is studied on the basis of geography along with the competitive landscape in every region. The report targets North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Kuwait & Iraq Oilfield Chemicals market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Kuwait & Iraq Oilfield Chemicals market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Kuwait & Iraq Oilfield Chemicals market.

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The Kuwait & Iraq Oilfield Chemicals market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are AL SANEA CHEMICAL PRODUCTS, BAKER HUGHES COMPANY, BASF SE, CHEVRON CORPORATION, CRODA INTERNATIONAL PLC, HALLIBURTON, JEREH GLOBAL DEVELOPMENT LLC, PETROLEUM EQUIPMENT TECHNOLOGY COMPANY (PETCO), SCHLUMBERGER LIMITED, SOLVAY SA, CATALYST LLC. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Recycled Glass Market – Ready to Experience Exponential Growth by 2025, How?

Allied Market Research recently published a report titled, “Recycled Glass Market Forecast by Product (Cullet, Crushed Glass, and Glass Powder) and Application (Bottle & Container, Flat glass, Fiber Glass, Highway Beads, and Others): Opportunity Analysis and Industry Forecast, 2020–2025”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

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The Recycled Glass market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Recycled Glass market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Recycled Glass market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Recycled Glass industry is studied on the basis of geography along with the competitive landscape in every region. The report targets North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Recycled Glass market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Recycled Glass market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Recycled Glass market.

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The Recycled Glass market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are Coloured Aggregates Inc., Gallo Glass company, Glass Recycled Surfaces, Harsco Corporation, Momentum Recycling, Reiling Glass Recycling GmbH & Co. KG, Strategic Materials, Vetropack Holding Ltd., Verallia, Owens-Illinois. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Hydroxyapatite Market Insights 2021- Major Factors That Could Boost the Industry Worldwide

Allied Market Research recently published a report titled, “Hydroxyapatite Market by Type (Nano-sized, Micro-sized, andGreater than Micrometer) and Application (Orthopedic, Dental Care, Plastic Surgery, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

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The Hydroxyapatite market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Hydroxyapatite market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Hydroxyapatite market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Hydroxyapatite industry is studied on the basis of geography along with the competitive landscape in every region. The report targets North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Hydroxyapatite market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Hydroxyapatite market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Hydroxyapatite market.

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The Hydroxyapatite market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are FLUIDINOVA, SOFSERA CORPORATION, BERKELEY ADVANCED BIOMATERIALS, TAIHEI CHEMICAL INDUSTRIAL CO., LTD, SIGMAGRAFT BIOMATERIALS, CAM BIOCERAMICS B.V, ZIMMER BIOMET, APS MATERIALS, INC., CGBIO, GRANULAB. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Automotive OEM Coatings Market Statistics 2030: Major Factors that can Increase the Global Demand

According to a new report published by Allied Market Research, titled, “Automotive OEM Coatings Market: Global Opportunity Analysis and Industry Forecast, 2014-2022,” the global market was valued at $6,426 million in 2015, and is projected to reach $9,379 million by 2022, growing at a CAGR of 5.6% from 2016 to 2022. The solvent-borne segment held nearly half of the total market in 2015.

Automotive coatings enhance the overall durability and appearance of a vehicle and also safeguard it from UV radiation, extreme temperature, and foreign particles such as dust and soot. Increase in preference of consumers towards high-quality automotive coatings is a key factor driving the market. These are used to coat the surfaces of automobiles and exemplify the futuristic technologies, which are capable of manufacturing durable surfaces, maximizing overall efficiency while meeting environmental norms.

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The global automotive OEM coatings market witness vivid opportunities, owing to rise in demand for recreational vehicles among youngsters, growth in population and rise in income levels. Moreover, growth of the overall automotive industry globally and rise in demand for high-quality paints and coatings in automobiles is further anticipated to boost the overall growth. In addition, rise in consumption of powder coatings, owing to its superior characteristic properties, such as low emissions of volatile compounds and relatively thicker layer as compared to traditional automotive coatings, is anticipated to bring impetus in the global market. However, volatile prices of raw materials coupled with strict governmental norms on the use of toxic automotive OEM coatings are some key factors anticipated to hinder the overall growth.

Automotive OEM coatings is expected to register the highest growth in passenger cars, owing to rise in per capita disposable incomes and growth in consumer preference towards new models with low emissions and high fuel efficiency. Furthermore, rapid urbanization and upsurge in personal mobility needs are expected to boost the market growth. Automotive OEM coatings possesses advantages such as higher reliability, longer equipment life cycle, maintenance cost reduction, and low on toxic emissions.

The basecoat layer segment accounted around three-fourths share, in terms of volume, in 2015. In response to the perennial modifications in the automotive industry, efficient paints and coatings solutions are in demand globally. Thus, increase in requirement of high-tech automotive OEM coatings solutions and rise in adoption of new vehicles fuel the demand for automotive OEM coatings globally.

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Key Findings of the Automotive OEM Coatings Market Study

The electrocoat segment is anticipated to grow at the highest CAGR of 5.9% during the analysis period.
Asia-Pacific is projected to maintain its lead position from 2016 to 2022 and will grow at a CAGR of 4.7%, in terms of volume.
Passenger cars segment occupied around half of the total market in 2015.
China occupied around one-third of the total Asia-Pacific market in 2015.
In terms of value, India is expected to grow at the highest CAGR of 6.7% from 2016 to 2022.

In 2015, Asia-Pacific and LAMEA collectively accounted for around two-fifths of the total market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending are the major aspects that boost the growth of the automotive OEM coatings market in the Asia-Pacific region.

The major companies profiled in the report include Axalta Coating Systems, BASF SE, PPG Industries, Nippon Paint, Kansai Paint, AkzoNobel, Sherwin-Williams Company, KCC Paint, Bayer AG, and Arkema SA.

Pressure Vessel Composite Materials Market Type Is Anticipated to Grow Faster Till – 2030

Allied Market Research recently published a report, titled, “Pressure Vessel Composite Materials Market by Material (Epoxy Resin, Carbon Fiber, and Glass Fiber) and End-use Industry (CNG Vehicles, Hydrogen Vehicles, and Gas Transport): Global Opportunity Analysis and Industry Forecast, 2017-2023”. According to the report, the global pressure vessel composite materials market generated $433 million in 2017 and is estimated to reach $1.87 billion by 2023, growing at a CAGR of 23.0% from 2017 to 2023. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.

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Increase in bulk transportation on compressed natural gas (CNG) along with integration of carbon fiber in automotive industries drive the growth of the market. Furthermore, increasing number of natural gas vehicles supplement the market growth. However, the high prices of carbon fiber and unavailability of carbon fibers restrict the growth. On the other hand, emerging markets in the Asia-Pacific region offer lucrative opportunities for the market.

In terms of revenue, the carbon fiber segment accounted for nearly five-sixths of the total market share in 2016, and is expected to maintain its dominance by 2023. Furthermore, this segment is estimated to project the fastest CAGR of 24.0% from 2017 to 2023. The report also consists of exhaustive research on segments including glass fiber and epoxy.

Based on vehicles, the CNG vehicles segment held 97% of the total market share in 2016, and will maintain its dominance throughout the forecast period. However, the hydrogen vehicles segment is estimated to register the highest growth rate with a CAGR of 27.5% from 2017 to 2023. The report also consists of exhaustive research on gas transport segment.

Europe region would grow at the fastest CAGR of 24.1% from 2017 to 2023. However, the Asia-Pacific region contributed nearly three-fifths of the total share in 2017 and is estimated to maintain its dominance during the forecast period. The report also includes study of different regions such as North America and LAMEA.

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Leading market players analyzed in the research include Pressure Vessels (India) Samuel Pressure Vessel Group, IHI Corporation, Doosan Heavy Industries & Construction, Halvorsen, Mitsubishi Heavy Industries, Ltd., General Electric, Bharat Heavy Electricals Limited, Westinghouse Electric Company LLC, and Larsen & Toubro Limited. They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the global industry.

Salicylic Acid Market Size to Worth $886.9 Million by 2030

According to the report published by Allied Market Research, the global salicylic acid market generated $431.7 million in 2020, and is estimated to generate $886.9 million by 2030, witnessing a CAGR of 7.5% from 2020 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Increase in demand from the preserved food & beverage industry and rise in demand for personal care products drive the growth of the global salicylic acid market. However, surge in consumer awareness about harmful effects restrains the market growth. On the other hand, adoption of salicylic acid in pharmaceuticals and cosmetics along with increase in demand for aspirin drugs present opportunities in the coming years.

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Covid-19 Scenario:

During the Covid-19 pandemic, the demand and manufacturing activities of salicylic acid have been affected. The lockdown measures led to closure of manufacturing facilities. Moreover, disruptions in the supply chain led to stoppage of supply and distribution for application industries.
There has been a considerable impact on the application industries, directly and indirectly. There were challenges such as labor shortages, lack of raw materials, disruptions in manufacturing operations, and others. This reduced the demand for salicylic acid. However, the demand is expected to restore post-lockdown.

The report offers detailed segmentation of the global salicylic acid market based on application and region.

Based on application, the pharmaceutical segment accounted for the highest share in 2020, contributing to more than three-fourths of the total share, and is projected to continue its lead position during the forecast period. However, the skin care segment is expected to witness the largest CAGR of 9.2% from 2021 to 2030.

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Based on region, Asia-Pacific held the highest share in 2020, accounting for more than one-third of the total market share, and is projected to continue its dominant share by 2030. Moreover, this region is projected to portray the fastest CAGR of 7.8% during the forecast period. The research also analyzes the regions including North America, Latin America, Europe, Africa, and Middle East.

Leading players of the global salicylic acid market analyzed in the research include Alfa Aesar, J.M. Loveridge Limited, Avonchem limited, Midas Pharma GmbH, Novacyl, Solvay Merck KGaA, Wego Chemical Group, and Reagents.

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Offshore Oil & Gas Paint and Coatings Market Is Anticipated to Garner a CAGR of 7.3%

Offshore oil & gas installations require coatings to withstand extreme weather conditions, saltwater abrasion, dissolved oxygen, ultraviolet exposure, the mechanical impact from debris, and damage by marine life. Therefore, offshore paints and coatings possess characteristics to withstand the rigors of underwater cleaning. Moreover, stationary vessels accumulate heavy fouling very quickly; therefore, thicker systems consisting of 12-20 mils of coal tar epaoxy coatings are employed to protect the vessels. Moreover, organic, zinc-rich primers, higher build epoxies, coatings are applied on a base composed of either vinyl ester or polyester.

The Offshore Oil & Gas Paints and Coatings Market was valued at $378 million in 2016 and is projected to reach $620 million by 2023, growing at a CAGR of 7.3% from 2017 to 2023. The epoxy resin segment accounted for nearly two-fifths of the total market share in 2016.

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In 2016, LAMEA accounted for nearly two-fifths of the total offshore oil & gas paints and coatings market and is expected to continue this trend due to the availability of vast offshore petroleum resources, specifically in Brazil. However, increased dependence of this region on imports for many raw materials needed during paint production, e.g., resins and pigments, is expected to limit the market growth to some extent.

The major companies profiled Are:

3M Co.AkzoNobel N.V.BASF SEHempel A/SKansai Paints Co., LtdNippon Paints Co. Ltd.PPG Industries, Inc.The Sherwin-Williams CompanyThe Dow Chemical CompanyWacker Chemie AG.

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At present, the global offshore oil & gas paints and coatings market is witnessing numerous opportunities, owing to rapid increase in the development of offshore oil & gas industry in Asia-Pacific and LAMEA. Organic zinc paints are heavily applied under a specific range of environmental conditions as they are less costly than zinc silicates coatings. Moreover, epoxy intermediate coats possess a number of environmental benefits, such as lowering of volatile organic compounds (VOC), propelling the market growth. In addition, epoxy coats achieve the required thickness and retain film build around sharp edges, which boosts the market growth. Furthermore, deployment of polysiloxane coatings on vessel surface makes the surface durable and resistant to abrasion, wear, and weathering, leading to market growth.

The epoxy resin segment accounted for two-fifths of the total share, in terms of volume, in 2016. Moreover, in accordance with rules framed by International Maritime Organization (IMO), epoxy resin-based coatings are used for vessel flooring applications, which improves the adhesion properties of marine paints, increasing the market demand. However, rise in prices of raw material is expected to hamper the market growth.

Key Findings of the Offshore Oil & Gas Paint And Coatings Market:

In terms of value, the epoxy resin is anticipated to show the highest growth rate of 6.6% during the analysis period.LAMEA is anticipated to maintain its lead throughout 2023 and is projected to grow at a CAGR of 6.3%, in terms of value.The backups installation segment occupied nearly half of the total market in 2016.Asia-Pacific occupied nearly one-third of the total offshore oil & gas paints and coatings market in 2016.In terms of value, the polyurethane resin segment is expected to grow at a CAGR of 8.2% from 2017 to 2023.