Nitrocellulose Market to Touch $1.2 Billion By 2027

According to the report, the global nitrocellulose industry generated $0.8 billion in 2019, and is projected to garner $1.2 billion by 2027, growing at a CAGR of 5.5% from 2020 to 2027.

Wide scope of applications of nitrocellulose and increase in number of e-commerce platforms propel the growth of the global nitrocellulose market. However, fatal effects of nitrocellulose on health restrain the market growth. Contrarily, increase in popularity of electric vehicles offers new opportunities in the next few years.

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Covid-19 Scenario

  • Many countries imposed lockdown throughout the nation, due to which, the application sectors such as printing inks, automotive paints, wood coatings, nail varnishes, leather finishes, and underwent stoppage of daily operations for limited period. The resulted in decline in demand for nitrocellulose.
  • Day-to-day operations in the automotive industry restrained during the lockdown. This resulted in decreased demand for nitrocellulose. However, the demand recovered steadily as operations began in full capacity.
  • Consumers preferred online shopping in emerging countries and the demand for printing inks for labeling of delivery packages increased considerably. So, the requirement of nitrocellulose surged with rise in demand for printing inks from the e-commerce sector.

By product, the M grade cellulose segment accounted for the highest market share in 2019, holding nearly two-thirds of the global nitrocellulose market in 2019, and is estimated to maintain its leadership status during the forecast period. In addition, this segment is expected to register the largest CAGR of 5.6% from 2020 to 2027. This is due to its high utilization in consumer products as thickener and emulsifier in lubricants, nutritional supplement capsules, and others. The research also discusses the segments including E grade cellulose and others.

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By application, the wood coatings segment held the highest share in 2019, accounting for around two-fifths of the global nitrocellulose market, and is estimated to maintain its lead position during the forecast period. This is attributed to the ability of nitrocellulose to be applied in multiple coatings and its user-friendly nature. However, the nail varnishes segment is expected to witness the largest CAGR of 5.8% from 2020 to 2027, owing to surge in concerns regarding overall nail health and awareness toward the usage of non-toxic and natural additives in nail care solutions.

By region, Asia-Pacific, followed by Europe and North America, contributed to the highest market share in 2019, holding more than half of the global nitrocellulose market, and is projected to continue its dominant share in terms of revenue by 2027. In addition, this region is projected to witness the highest CAGR of 5.6% during the forecast period. This is due to rise in demand for bio-based and eco-friendly coatings from the construction industry with increase in concerns regarding environmental degradation.        

Leading Market Players

  • EURENCO
  • GRN Cellulose Pvt. Ltd.
  • Hagedorn NC
  • Hengshui Orient Chemical Co., Ltd.
  • Nitrex Chemicals India Pvt. Ltd.
  • Nitrocellulose Group
  • Nitro Quimica
  • North Sichuan Nitrocellulose Corporation
  • Synthesia a.s.
  • TNC Industrial Co. Ltd.

Graphene Composites Market to Hit $109.4 Million By 2027

As per the report, the global graphene composites industry was pegged at $13.1 million in 2019, and is projected to reach $109.4 million by 2027, growing at a CAGR of 37.5% from 2020 to 2027.

Rise in demand for lightweight materials and increase in R&D expenditure by developed and developing countries have boosted the growth of the global graphene composites market. however, high cost of graphene-enhanced composites hinders the market growth. On the contrary, surge in graphene producers is expected to open lucrative opportunities for the market players in the future.

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Covid-19 scenario:

  • The COVID-19 pandemic negatively affected the automobile and construction industries, which in turn, hindered the demand for graphene composites.
  • The pandemic impacted the chemical industry and hampered the supply chain to a greater extent, which affected the raw material procurement.
  • As majority of the event cancelled due to Covid-19 pandemic, the demand for graphene composites has decreased.

By product type, the polymer-based segment held the largest share in 2019, accounting for nearly half of the global graphene composites market, due to its adoption in numerous applications such as automotive, aerospace, and energy storage & generation. However, the ceramic-based segment is projected to register the highest CAGR of 38.8% during the forecast period, owing to its superior mechanical strength, high conductivity, and thermal resistance.

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By application, the automotive segment dominated in 2019, contributing to nearly one-third of the global graphene composites market, due to high demand for lightweight vehicles, which consequently, surges the demand for graphene composites. However, the aerospace & defense segment is anticipated to register the highest CAGR of 38.3% during the forecast period, owing to increased contribution of developing regions such as APAC and LAMEA in the aerospace and defense sector.

By region, the global graphene composites market across Asia-Pacific, followed by North America, held the largest share in 2019, accounting for nearly two-fifths of the market. The region is expected to showcase the highest CAGR of 38.1% during the forecast period, owing to rise in consumer bases such as automotive, aerospace, and construction industry.

Major Market Players

  • Ad-Nano Technologies Pvt. Ltd. (Ad-Nano Technologies)
  • G6 Materials Corp (G6 materials)
  • Haydale Graphene Industries plc. (Haydale Graphene)
  • Graphene Composites (GC)
  • Graphene One LLC.
  • Graphenano Group (Graphenano)
  • XG Sciences
  • NanoXplore Inc.
  • Graphmatech AB (Graphmatech)
  • Gnanomat

Wood Vinegar Market to Hit $6.4 Million By 2027

Rise in demand for personal care products with organic formulation and enhanced crop yield drive the growth of the global wood vinegar market. However, low awareness regarding wood vinegar hinders the market growth. On the other hand, growth in trend of organic farming presents new growth opportunities.

According to the report, the global wood vinegar industry generated $4.5 million in 2019, and is expected to reach $6.4 million by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.

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COVID-19 Scenario

  • The outbreak of the pandemic impacted the market immensely. The prolonged lockdowns, in turn, have declined the demand for wood vinegar and suspended the supply chain and manufacturing procedures all across the world.
  • However, the government bodies all over the world are now assisting the industries to maintain economic benefits by issuing relaxations on the restrictions. With this, the market is anticipated to recoup soon.

Based on pyrolysis method, the slow pyrolysis segment accounted for more than two-thirds of the global wood vinegar market in 2019, and is expected to maintain its lead status during the forecast period. In addition, the segment is also projected to register the highest CAGR of 7.1% from 2020 to 2027. This is attributed to its capability of high yield at less temperature.

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Based on application, the agriculture segment held the highest market share in 2019, accounting for more than two-fifths of the global wood vinegar market, and is estimated to maintain its dominant share throughout the forecast period. Furthermore, the segment is projected to portray the fastest CAGR of 7.2% from 2020 to 2027. This is due to rising trend of organic farming and its benefits in agricultural applications such as enhanced yield of crop, protection from the dangerous insects and diseases, and others.

Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for nearly two-fifths of the global wood vinegar market, and is expected to maintain its leadership position by 2027. The region is also estimated to witness the fastest CAGR of 7.6% during the forecast period. This is attributed to presence of key players in the region and fast establishing consumer base. On the other hand, the North America region would grow at a CARG of 6.0% during the forecast period.

Leading market players

  • Applied Gaia Corporation
  • Ace (Singapore) Pte Ltd. (ACE)
  • Tagrow CO., Ltd. (Tagrow)
  • Sane Shell Carbon (SSC)
  • Shandong Toroyal Group (Toroyal Group)
  • New Life Agro (NL Agro)
  • Dongying Runyi Biological Technology Co., Ltd. (DRBT CO., Ltd.)
  • Nettenergy BV, DOI & CO., LTD.

Polystyrene Foam Market Sales Revenue to Touch $73.8 Billion By 2026 | Major Companies, Strategies and New Trends

According to the report published by Allied Market Research, the global polystyrene foam market generated $46.2 billion in 2020, and is estimated to generate $73.8 billion by 2030, witnessing a CAGR of 5.1% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Rise in urbanization and industrialization that led to growth of the building & construction sector, stringent energy efficiency and fire safety policies, and rise in demand from the packaging sector drive the growth of the global polystyrene foam market. However, volatility in raw material prices hinders the market growth. On the other hand, demand for foam-based materials from the non-residential building sector present new opportunities in the coming years.

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Covid-19 Scenario:

  • Production activities of the polystyrene foam have been halted due to lockdown measures, unavailability of sufficient workforce, and supply chain disruptions across the globe. This impacted the production volumes of polystyrene foam.
  • The demand from end-use industries such as packaging, building & construction, and others decreased considerably due to stoppage of daily activities during the lockdown. However, the demand is projected to rise during the post-lockdown as daily operations begin in these industries.

The report offers detailed segmentation of the global polystyrene foam market based on product, end-use industry, and region.

Based on product, the EPS segment held the highest share in 2020, accounted for nearly two-thirds of the total share, and is projected to continue its leadership status during the forecast period. Moreover, this segment is estimated to witness the largest CAGR of 5.4% from 2021 to 2030. Moreover, the research analyses the XPS segment.

Based on end-use industry, the building & construction segment accounted for the highest share in 2020, contributing to nearly three-fifths of the total share of the global polystyrene foam market, and is expected to continue its dominance during the forecast period. However, the packaging segment is projected to manifest the highest CAGR of 6.0% from 2021 to 2030.

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Based on region, Asia-Pacific contributed to the highest share in 2020, holding around two-fifths of the total market share, and is expected to continue its lead position by 2030. Moreover, this region is expected to portray the fastest CAGR of 6.2% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

Leading players of the global polystyrene foam market analyzed in the research include Alpek, ChovA, BASF SE, DuPont, Drew Foam, Knauf Insulation, Kingspan Group, Synthos S.A., Sunpor Kunststoff GmbH, and Xella International.

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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Breathable Films Market Future Trends, Revenue Growth & Leading Players, Forecast To 2030

Allied Market Research published a report, titled, “Breathable Films Market by Material Type (Polyethylene, Polypropylene, and Others), Technology (Monolithic and Micro-Porous), and End Use (Hygiene & Personal Care, Medical, Packaging, Construction, Textile, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global breathable films industry generated $3.0 billion in 2020, and is estimated to reach $6.7 billion by 2030, witnessing a CAGR of 8.4% from 2021 to 2030.

Prime determinants of growth

Rise in demand for breathable films in construction sector and personal care and hygiene industry and surge in growth in healthcare sector drive the growth of the global breathable films market. However, easy availability of substitute products hinders the market growth. On the other hand, growing trend for packed food products present new opportunities in the coming years.

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Covid-19 Scenario

The outbreak of COVID-19 negatively impacted the breathable films market, owing to the fact that it is dependent on construction, textile, and manufacturing sports apparel sectors. In a report published by the Eurostat, it is revealed that construction production in March 2020 declined by 25.4% in the European Union as compared to March 2021.
Furthermore, several manufacturing industries have suspended their operations due to the risk of infections among the workforce.
Moreover, the demand for personal care & hygiene products has increased during this phase and is expected to rise even more, thereby fueling the demand for breathable film. Also, people have started adopting healthy eating habits which has further fueled the demand for the product.
The polythylene segment to maintain its lead position during the forecast period

Based on material, the polyethylene segment held the highest share in 2020, accounting for more than two-fifths of the global breathable films market, and is expected to maintain its lead position in terms of revenue during the forecast period. This is attributed to the fact that polyethylene is one of the raw materials used for manufacturing breathable (micro porous) films in the hygiene industry. However, the polypropylene segment is estimated to manifest the largest CAGR of 8.7% from 2021 to 2030. The polypropylene-based breathable films possess various significant properties such as high permeability, low-temperature flexibility, abrasion resistance, high durability, pH stability, and others which propel the growth of the segment.

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The monolithic segment to maintain its leadership status during the forecast period

Based on technology, the monolithic segment accounted for the highest share in 2020, contributing to nearly two-third of the global breathable films market, and is estimated to maintain its leadership status during the forecast period. In addition, the segment is projected to portray the fastest CAGR of 8.6% from 2021 to 2030. This is attributed to the fact that the breathable film includes a monolithic core layer (skin layer) that comprises at least one highly breathable polymer and filler. The monolithic breathable film possesses significant properties including high permeability, strength, excellent vapor transmission, and bacteria & viruses resistance, which make it suitable for a wide range of applications.

Asia-Pacific to continue its dominant share, North America to grow significantly by 2030

Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to more than two-fifths of the global breathable films market, and is expected to continue its dominant share by 2030. In addition, the region is estimated to register the highest CAGR of 9.1% during the forecast period, owing to rapid growth of industrialization and low operating cost. This is attributed to development of the food packaging and textile sectors in Asia-Pacific region. On the other hand, the North America region is expected to grow significantly.

Leading Market Players

SWM International
Berry Global Group
Nitto Denko Corporation
Covestro
Fatra A.S.
Mitsui Chemicals, Inc.
Arkema
RKW Group
Skymark Packaging Ltd.
Trioworld

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Textile Chemical Market Product Segmentation & Strategy Framework, Prospects 2022

A new report published by Allied Market Research, titled, “Textile Chemical Market- Global Opportunity Analysis and Industry Forecast, 2014-2022,” the global textile chemical market was valued at $21,770 million in 2015, and is expected to reach $27,560 million by 2022, registering a CAGR of 3.4% from 2016 to 2022. The coating & sizing chemicals segment is expected to maintain its dominance, in terms of revenue generation, during the forecast period. The Asia-Pacific region held the leading position in the global market in 2015, and is expected to maintain its dominance throughout 2022.

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Textile chemicals are widely used in a wide range applications such as dyeing, printing, coating, finishing, and bleaching. Increase in applications of textile chemicals in the apparel sector, such as clothing and footwear, is expected to boost the market in the coming years. Moreover, rise in demand for home furnishings, floor furnishings, and eco-friendly chemicals products drive the market. However, harmful effects of textile chemicals on the environment and stringent regulations for approval of chemicals hamper the market growth.

Among all product types, the coating and sizing chemicals segment generated the highest revenue in 2015, accounting for with more than one-fourth share. The apparel industry segment is projected to grow at the fastest CAGR of 3.5% and 3.9% in terms of revenue and volume, respectively, during the forecast period. In 2015, the industrial and other applications segments jointly contributed more than one-third share of the market.

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KEY FINDINGS OF THE STUDY

The Asia-Pacific market is expected to grow at a CAGR of 2.9%, in terms of revenue, from 2016 to 2022.
The colorants & auxiliaries segment occupied more than one-fourth share of the total market revenue in 2015.
In 2015, the home furnishing segment occupied around one-third share of the global market, in terms of revenue.

Surfactant is expected to be the fastest growing product segment, registering a CAGR of 3.9% during the forecast period.
The market is segmented on the basis of four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Presently, North America is the fastest growing region in the global textile chemical industry, owing to high demands for textile chemicals and strong economic base of manufacturers in the U.S. The major players operating in the North American textile chemical market are Archroma and DyStar Group.

Product launch is the key strategy adopted by market players to expand their product portfolio. Mergers & acquisitions, business expansion, production expansion, and partnerships are the other prominent strategies adopted by key players to sustain the intense competition in the market. The key companies profiled in the report include Huntsman International LLC, Dow Chemical Company, DyStar Group, Kiri Industries Limited, Pulcra Chemicals, Archroma, OMNOVA Solutions Inc., The Lubrizol Corporation, Covestro AG, and BASF SE.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Contact:
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Diethylene Glycol (DEG) Market Emerging Trends and Will Generate New Growth Opportunities

According to the report published by Allied Market Research, the global diethylene glycol market generated $2.4 billion in 2020, and is expected to reach $3.8 billion by 2030, witnessing a CAGR of 4.8% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, key segments, value chain, top investment pockets, regional scenario, and competitive landscape.

Increase in demand from cement, paints, and coatings industries and adoption in the plastic industry as a raw material drive the growth of the global diethylene glycol market. However, the toxic nature of diethylene glycol restrains the market growth. On the other hand, surge in patent registrations regarding the manufacturing of diethylene glycol, its derivatives, and their usage creates new opportunities in the coming years.

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Covid-19 Scenario:

  • Production activities of diethylene glycol have been hampered completely or partially due to lockdown measures implemented in various countries. Moreover, lack of sufficient workforce to work in facilities hindered the production volumes despite partial continuation.
  • The demand for diethylene glycol from various end-use industries such as plastic, paints & coatings, cement, and others decreased considerably due to stoppage of day-to-day operations in these industries during the Covid-19 pandemic.
  • The demand is expected to rise during the post-lockdown as governments lift lockdown restrictions and these industries begin their operations with full capacities.

The report offers detailed segmentation of the global diethylene glycol market based on application, end-use industry, and region.

Based on application, the plasticizer segment contributed to the highest market share in 2020, holding more than one-fourth of the total share, and is expected to maintain its dominance in terms of revenue during the forecast period. However, the chemical intermediate segment is projected to portray the highest CAGR of 6.4% from 2021 to 2030.

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Based on end-use industry, the plastic industry segment held the highest share in 2020, accounting for around one-fourth of the global diethylene glycol market, and is estimated to maintain its lead position during the forecast period. However, the paints & coatings segment is projected to manifest the largest CAGR of 5.7% from 2021 to 2030.

Based on region, Asia-Pacific accounted for the largest market share in 2020, contributing to around two-fifths of the total share, and is estimated to maintain its leadership status by 2030. Moreover, this segment is expected to witness the fastest CAGR of 5.2% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

Leading players of the global diethylene glycol market analyzed in the research include Reliance Industries, BASF SE, GC Glycol Company, Huntsman International LLC, Royal Dutch Shell PLC, India Glycol Limited, SABIC, Indian Oil Corporation, Lyondell Basell Industries, and Mitsubishi Chemical Corporation.

Clear Brine Fluids Market Statistics 2030: Major Factors that can Increase the Global Demand

As per the report published by Allied Market Research, the global clear brine fluids market was accounted for $1.0 billion in 2019, and is estimated to reach $1.3 billion by 2027, growing at a CAGR of 3.6% from 2020 to 2027.

Rise in production life of oil & gas wells, end-user demand for crude oil and natural gas, and new upstream projects drive the growth of the global clear brine fluids market. However, rise in focus on renewable energy sources hinders the market growth. On the contrary, increase in production of shale gas and other unconventional natural gas is expected to open lucrative opportunities for the market players in the future.

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Covid-19 scenario:

  • The pandemic decreased the demand for crude oil and natural gas across the globe, which reduced the consumption of clear brine fluids.
  • The ban on international travel reduced the consumption of gasoline and jet fuel, hampering the market growth.

The global clear brine fluids market is segmented on the basis of product type, end-users, and region. Based on product type, the potassium chloride segment held the lion’s share in 2019, accounting for nearly one-third of the market. Moreover, the segment is estimated to register the highest CAGR of 4.3% during the forecast period.

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On the basis of end-user, the onshore segment held the largest share in 2019, contributing to more than four-fifths of the market. However, the offshore segment is projected to manifest the highest CAGR of 4.1% from 2020 to 2027.

The global clear brine fluids market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across LAMEA held the largest share in 2019, accounting for nearly two-fifths of the market. However, the Asia-Pacific region is expected to register the highest CAGR of 4.6% during the forecast period.

The global clear brine fluids market includes an in-depth analysis of the prime market players such as Clements Fluids, Albemarle Corporation, Halliburton, Egyptian Mud Engineering & Chemicals Company, Lanxess AG, ICL Group Ltd., Sinomine Specialty Fluids, Schlumberger Ltd., Tetra Technologies, and Zirax Ltd.

Multi-Metal Aluminum Sandwich Panels Market Type Is Anticipated to Grow Faster Till – 2030

According to the report published by Allied Market Research, the global multi-metal aluminum sandwich panels industry was pegged at $7.5 billion in 2019, and is expected to hit $11.4 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027. The report offers an in-depth analysis of the key investment pockets, market player positioning, drivers & opportunities, and business performances of major players.

Rise in demand for the fast and economic construction techniques and surge in the construction industry fuel the growth of the global multi-metal aluminum sandwich panels market. On the other hand, fluctuating costs of raw materials curtails down the market growth. However, increase in awareness for energy-efficient infrastructure is expected to present new opportunities in the approaching time.

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Covid-19 Scenario

  • The covid-19 outbreak resulted in suspension the production of multi-metal aluminum sandwich panels owing to unavailability of workers, shortage of raw materials, disrupted supply chain, and restrictions to curb the spread.
  • The industry has also undergone a declined demand for multi-metal aluminum sandwich panels, due to terminated operations in the end-using industry including automotive and construction.
  • At the same time, the government bodies have implemented certain relaxations to aid the industry in order to continue their processes. However, the second wave of the pandemic has immensely affected several regions, and government bodies are further implementing lockdowns.

The global multi-metal aluminum sandwich panels market is studied on the basis of metal, foam material, application, and region. Based on foam material, the with foam segment held the highest market share in 2019, with more than four-fifths of the global market in 2019, and is expected to maintain its dominance status during the forecast period. Furthermore, this segment is also expected to manifest the largest CAGR of 7.1% from 2020 to 2027.

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Based on metal, the aluminum segment dominated with highest share in 2019, holding for around two-thirds of the global market, and is estimated to maintain its lead position during the forecast period. In addition, the segment is also expected to manifest the fastest CAGR of 7.3% from 2020 to 2027.

Based on region, the market is studied across Asia-Pacific, Europe, LAMEA, and North America. The Asia-Pacific region accounted for the highest market share in 2019, holding for nearly half of the global market, and is projected to lead the trail by 2027. However, this region is also projected to witness the highest CAGR of 8.7% during the forecast period. 

Leading market players profiled in the report include Arcelormittal, Fischer Profil, Kingspan, Metecno, Isopan, Isomec, Gcs, Jingxue, Marcegaglia, and Dana Group.

Carbon Black in Lead-Acid Battery Market- Present Scenario on Growth Analysis along with key industry players

According to the report published by Allied Market Research, the carbon black in lead-acid battery market was estimated at $417.1 million in 2019 and is expected to hit at $591.4 million by 2027, registering a CAGR of 4.6% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Cost-efficient energy storage solution and recyclability associated with lead-acid batteries over lithium-ion batteries fuel the growth of the global carbon black in lead-acid battery market. On the other hand, emerging as well as existing alternatives available in the market restrain the growth to some extent. Nevertheless, rise in need to expand data centers is anticipated to pave the way for an array of opportunities in the future.

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Covid-19 scenario-

  • The outbreak of COVID-19 gave way to distorted production of UPS system and automobiles. This, in turn, led to dwindled demand for carbon black from the battery manufacturers.
  • The second wave of the virus has now hit the world and many countries have again entered the lockdown phase. Accordingly, the global carbon black in lead-acid battery market has been badly affected.

The global carbon black in lead-acid battery market is analyzed across battery type, grade, and region. By battery-type, the flooded lead acid battery segment held more than four-fifths of the total market share in 2019 and is expected to rule the roost by 2027. Simultaneously, the valve regulated lead acid (VRLA) battery segment would grow at the fastest CAGR of 5.9% during the forecast period.

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Based on grade, the specialty segment contributed to more than four-fifths of the total market revenue in 2019, and is projected to lead the trail by the end of 2027. The same segment would also cite the fastest CAGR of 4.8% from 2020 to 2027.

Based on region, Asia-Pacific generated the highest share in 2019, garnering nearly two-fifths of the global carbon black in lead-acid battery market. The same region would also exhibit the fastest CAGR of 5.0% from 2020 to 2027. The other provinces discussed in the report include North America, Europe, and LAMEA.

The key market players analyzed in the global Carbon Black in Lead-Acid Battery market report include Orion Engineered Carbons S.A., Cabot Corporation, Superior Graphite, SGL Carbon SE, Aditya Birla Group, Israzion Ltd., Denka Company Limited, Shandong Jinkeli Power Sources Technology Co., Ltd, Imerys, and Continental Carbon Company. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.