A Market Place Research – Page 36

Aviation Analytics Market Foreseen to Grow $8.21 billion by 2030- Accelya, General Electric, Oracle, SAP SE

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global aviation analytics Industry share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient aviation analytics. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of aviation analytics across several Asian nations, for instance, China, India, Japan, and South Korea.

According to a recent report published by Allied Market Research, titled, “Aviation Analytics Market by Component, End User, Business Function, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030” the global aviation analytics industry was valued at $2.78 billion in 2020, and is projected to reach $8.21 billion by 2030, registering a CAGR of 11.72%.

Factors such as growth in disposal income of the middle-class population and the emergence of low-cost airlines have led to an increase in number of airline passengers. With surge in number of airline passengers, demand for aviation analytics services has increased at a significant rate. Major countries such as Canada, U.S., Brazil, Indonesia, Philippines, China, Saudi Arabia, and India witnessed rise in number of air passengers.

𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭- https://www.alliedmarketresearch.com/aviation-analytics-market/purchase-options

By component, the aviation analytics market is segregated into service and software. The service segment accounted for the highest revenue in 2020, owing to high demand for aviation analytics services that are being deployed for numerous applications across the aviation sector.

By end-user, the aviation analytics market is segregated into airline, airport, and others. The airlines segment accounted for the highest revenue in 2020, owing to high demand for aviation analytics that are being used by airlines for numerous commercial applications throughout the world.

On the basis of business function, the market is segmented into sales & marketing, finance, maintenance, repair & operations, and supply chain. The sales & marketing segment garnered the highest revenue in 2020, owing to high demand for aviation analytics for sales & marketing operations globally.

On the basis of application, the market is segmented into flight risk management, inventory management, fuel management, revenue management, customer analytics, and navigation services. The customer analytics segment garnered the highest revenue in 2020, owing to high demand for aviation analytics drones for catering customer requirements.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/3684

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

– By component, the software segment is expected to register a significant growth during the forecast period.
– On the basis of end user, the airports segment is anticipated to exhibit significant growth in future.
– On the basis of business function, the finance segment is anticipated to exhibit significant growth in future.
– Depending on application, the flight risk management segment is anticipated to exhibit significant growth in future.
– Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The Top key players that operate in the global aviation analytics market include Accelya, General Electric Company, International Business Machines Corporation (IBM), IGT Solutions Pvt. Ltd., Mu Sigma, OAG Aviation Worldwide Ltd., Oracle, Ramco System, SAP SE, and SAS Institute Inc.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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Medical Cooling Systems Market : Trends, Challenges, and Future Prospects, to Reach USD 828 Million by 2026

The global medical cooling system market size is expected to reach $828 million by 2026, registering a CAGR of 3.9% from 2019 to 2026, in terms of value.

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CAGR: 3.9%
Current Market Size: USD 828 Million
Fastest Growing Region: APAC
Largest Market: North America
Projection Time: 2019-2026
Base Year: 2019

Market Trends:

Rise in Demand for Precision Cooling: The need for precise temperature control in medical and pharmaceutical applications is on the rise. This trend is driving the development of more advanced and accurate cooling systems.
Growing Pharmaceutical Industry: The pharmaceutical sector’s expansion is a significant driver of the medical cooling system market. Cooling systems are crucial for maintaining the stability and efficacy of drugs, vaccines, and biologics.
Technological Advancements: Innovations in cooling technologies, such as compact and energy-efficient cooling solutions, are gaining momentum. This contributes to reduced energy consumption and operating costs.
Telemedicine and Remote Healthcare: The shift towards telemedicine and remote healthcare services necessitates portable and reliable cooling systems for medical equipment, making them more accessible in diverse settings.

Challenges:

Stringent Regulatory Compliance: Medical cooling systems must adhere to strict regulatory standards, which can be challenging for manufacturers in terms of research, development, and compliance costs.
Energy Consumption: Cooling systems can be energy-intensive, leading to higher operational costs and concerns about environmental impact. Developing energy-efficient solutions is a persistent challenge.
Cost Constraints: The initial investment required for advanced cooling systems can be a barrier for healthcare facilities, especially in resource-limited settings.
Maintenance and Reliability: Ensuring the consistent performance and reliability of cooling systems is crucial to prevent equipment failures and maintain the integrity of medical products.

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Future Prospects:

Medical IoT Integration: The integration of medical cooling systems with the Internet of Things (IoT) will enable real-time monitoring, remote diagnostics, and predictive maintenance, enhancing overall system efficiency.
Green Cooling Solutions: The industry is likely to witness the development of more environmentally friendly cooling technologies, aligning with global sustainability goals.
Personalized Medicine: As personalized medicine gains traction, medical cooling systems will become more tailored to specific patient needs and treatments.
Emerging Markets: As healthcare infrastructure improves in emerging markets, the demand for medical cooling systems will increase, presenting significant growth opportunities.

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Key Finding of The Medical Cooling System Market:

By type, the liquid-based technology segment accounted for the highest market share of 77% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
By region, North America was the major shareholder and accounted for the highest share of 38% in 2018.
Based on application, the medical imaging system segment is expected to grow at a CAGR of 4.5% during the forecast period.

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Oleochemicals Market Share to reach $55.3 Billion by 2030 | Growth With Recent Trends & Demand

The global oleochemicals market was estimated at $25.7 billion in 2020 and is expected to hit $55.3 billion by 2030, registering a CAGR of 7.5% from 2021 to 2030. 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.

Oleochemical is produced primarily from natural raw materials such as plant or animal fat. Activated carbon is frequently used to purify, decolorize, and deodorize fatty acids and their derivatives. Oleochemical are biodegradable and have little toxicity, making them environmentally friendly. Scientists and people alike consider these items to be natural, green, organic, safe, renewable, and biodegradable.

Surge in demand for green chemicals, high demand from end-use industries, and easy availability of raw materials are the key factors driving the demand for oleochemicals Furthermore, environmental regulations are becoming increasingly stringent and non-renewable resources are depleting.

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Oleochemicals are used in the production of food packaging approved by FDA as well as food contact surface sanitizers. In the food & beverage industry, triple pressed stearic acid is utilized as a mold-release agent. Increase in use of oleochemicals in the food industry coupled with expansion of the food industry in developing countries are expected to create growth opportunity for the oleochemicals market. Furthermore, oleochemicals are used in the production of household and industrial cleaning products such as surfactants, cleansing agents, emulsifiers, foam boosters, and degreasers.

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The report emphasizes on the major types of oleochemicals such as fatty acid, fatty alcohol, glycerol, and others. The fatty alcohol is further bifurcated into ethoxylate and others. The applications covered in the study include pharmaceuticals, personal care & cosmetics, food & beverages, soap & detergents, polymers, and others. Region wise, the oleochemicals market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, the study highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players.

Impact Of Covid-19 On The Global Oleochemicals Market:

► The oleochemicals market witnessed value chain disruption owing to spread of COVID-19 and lockdown in major manufacturing countries. The outbreak of COVID-19 further increased the demand for oleochemicals, as they are used in products such as soap and disinfectants. As the consumer spending has shifted from cosmetics to essentials products such as soap and disinfectants, it increased the demand for oleochemicals from soap and disinfectant manufacturers.

► For instance, Wilmar expanded its production capacity of fatty amines. The aim of this expansion is to maintain supply for manufacturing disinfectants and COVID-19. However, the prices of raw materials have been changing, owing to spread of COVID-19 in the major raw material and oleochemical manufacturing countries such as Malaysia and Indonesia. Malaysia was under lockdown on two weeks from June 1, which decreased the output of palm oil because of workforce shortage. The scenario is expected to remain as they have extended the lockdown for two more weeks, i.e., till June 28.

► India’s demand for oleochemicals is expected to remain stable in 2021 as major home care manufacturers are working despite lockdown restrictions imposed to control the COVID-19. As the home care manufacturers are considered under essential category.

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Key Benefits For Stakeholders:

► This report provides an extensive analysis of the current and emerging market trends and dynamics of the oleochemicals market.

► The oleochemicals market trend analysis for all the regions is conducted by constructing estimations for key segments between 2021 and 2030 to identify the prevailing opportunities.

► The report assists to understand the strategies adopted by the leading companies in the industry.

► The oleochemicals market size will be provided in terms of kilotons and $million.

► This study evaluates competitive landscape of the oleochemicals industry to understand the market scenario globally.

► Extensive analysis is conducted by key player positioning and monitoring the top competitors within the oleochemicals market.

Key Market Players:

► Emery Oleochemicals

► Oleon NV

► KLK Oleo

► Musim Mas Group

► Croda International

► IOI Group

► Procter & Gamble Co

► Twin River Technologies

► Chemical Associates Inc

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Crypto Payment Gateway Market 2022 : Estimated to Observe Significant Growth to Reach $5.4 Billion by 2031

A crypto payment gateway is a technology or service that enables businesses and individuals to accept cryptocurrencies as a form of payment for goods and services. These gateways facilitate the seamless integration of cryptocurrencies into traditional payment systems, making it easier for businesses to tap into the growing crypto market.

The crypto payment gateway market was valued at $1 billion in 2021, and is estimated to reach $5.4 billion by 2031, growing at a CAGR of 18.7% from 2022 to 2031.

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One of the major shifts in the present monetary system has been brought about by the advent of cryptocurrencies. Bitcoin was the first and most well-known cryptocurrency, and since then, numerous others have appeared. The crypto payment gateway industry, payments on blockchains, and blockchain processing are all changing quickly and steadily. The potential advantages of this paradigm shift for companies accepting cryptocurrencies are significant. Further, the crypto payment gateway market network is commonly used by companies of all sizes when they are searching for the best, safest, and quickest payment methods. The cryptocurrency payment gateway is a standout component of the blockchain ecosystem because it provides transaction transparency and lightning-fast speeds. Additionally, because banks and other middlemen are not involved in the payment process, blockchain’s decentralized structure speeds up transactions while slowing down the payment processing system. This factors majorly contributes towards the growth of crypto payment gateway market.

Furthermore, increasing introduction of new products by key players is expected to boost the crypto payment gateway market growth. For instance, on March 4th, 2021, cryptocurrency exchange company Bitfinex launched Bitfinex Pay, a cryptocurrency payment gateway. With this new product, online merchants can accept payments in various cryptocurrencies. It made cross-border transactions easier in particular.

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By end user, the business segment acquired a major share. This is attributed to the fact that number of businesses all around the world are adopting bitcoin and other digital assets for a variety of transactional, operational, and investment needs. In addition, businesses are rapidly adopting crypto payments owing to surge in security concerns to protect an enormous amount of corporate data and the rise in incidences of crimes committed during payment processes.

Region wise, Asia-Pacific dominated the market in 2021 owing to crypto payment gateway market trends in the region. This was attributed to the downfall in the usage of cash and acceptance of mobile payments. Further, huge population adopting digital payments is one of the major factors for the growth of the crypto payment gateway market in the region.

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The pandemic had a positive impact on crypto payment gateway market as there was a surge in adoption of the payment gateway owing to rise in awareness among people. In addition, the growing technological advancements in crypto payment gateway for automation of various activities has fueled the growth of the market. Furthermore, the digital shift during the pandemic has benefited the growth of crypto payment gateway market.

KEY FINDINGS OF THE STUDY

By application, the iGaming segment accounted for the highest crypto payment gateway market share, in terms of revenue in 2021.
By operating system, the iOS segment is expected to exhibit the fastest growth rate during the forecast period in crypto payment gateway market.
Region wise, Asia-Pacific generated the highest revenue of crypto payment gateway market size in 2021.

The key players operating in the crypto payment gateway market analysis include Apirone OÜ, Binance, BitPay, Circle Internet Financial Limited, Coinbase, Coinomi, Coinremitter, Cryptopay Ltd., NVIDIA Corporation, and SecuX Technology Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the crypto payment gateway market.

Regional Trending Report:
Japan Crypto Payment Gateway Market: https://www.alliedmarketresearch.com/japan-crypto-payment-gateway-market-A79964
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Unveiling the Current Trends and Growth Factors Development in the Tree Trimmers Market Application.

Unveiling the Current Trends and Growth Factors Development in the Tree Trimmers Market Application.

Tree Trimmers Market stands as a testament to innovation and the pursuit of perfection. From towering oaks to delicate cherry blossoms, trees play a vital role in our environment and aesthetic landscapes. To ensure their health and longevity, tree trimmers have become indispensable tools for arborists, landscapers, and homeowners alike. In this blog post, we will delve into the current trends, applications, growth factors, and the ongoing developments in the Tree Trimmers Market.

Industry Current Trends

The Tree Trimmers Market is currently experiencing several notable trends that are reshaping the industry:

1. Rising Demand for Electric and Cordless Tree Trimmers: As environmental consciousness grows, there is a significant shift towards electric and cordless tree trimmers. These eco-friendly alternatives are quieter, emit no harmful emissions, and are favored for their ease of use, especially in residential settings.

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2. Smart Technology Integration: Manufacturers are increasingly incorporating smart technology into tree trimmers. This includes features such as Bluetooth connectivity, mobile apps, and remote-control options, making it easier for users to monitor and control their trimming equipment.

3. Battery Advancements: Improvements in battery technology have led to longer running times and quicker recharge cycles, making battery-powered tree trimmers more efficient and reliable.

Applications of Tree Trimmers

Tree trimmers find a wide range of applications, catering to diverse needs and preferences:

1. Landscaping and Gardening: Homeowners and professional landscapers use tree trimmers for shaping trees, maintaining garden aesthetics, and keeping shrubs in check.

2. Arboriculture: Arborists rely on tree trimmers for structural pruning, disease management, and hazard reduction, ensuring the health and safety of trees in various environments.

3. Forestry: In the forestry industry, tree trimmers are employed for selective harvesting, thinning, and maintaining woodland areas.

4. Urban Planning: Municipalities use tree trimmers for managing street trees, ensuring they do not interfere with power lines or pose safety hazards

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Growth Factors in the Tree Trimmers Market

Several factors are contributing to the growth of the Tree Trimmers Market:

1. Urbanization: As urban areas expand, the need for tree maintenance and landscaping services in residential and commercial settings is on the rise, driving demand for tree trimmers.

2. Environmental Awareness: Growing environmental consciousness is encouraging the use of eco-friendly tree trimming equipment, aligning with sustainable practices.

3. Aesthetic Landscaping: The desire for aesthetically pleasing landscapes is fueling the demand for precise tree trimming tools that can create unique designs and maintain the visual appeal of gardensand public spaces.

4. Technological Advancements: Continuous innovations in tree trimmer design, materials, and features are attracting users seeking more efficient and user-friendly tools.

Development in the Tree Trimmers Market

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The Tree Trimmers Market continues to evolve with ongoing developments:

1. Improved Safety Features: Manufacturers are increasingly focused on enhancing safety features, such as automatic blade brakes and ergonomic designs, to minimize accidents and user fatigue.

2. Sustainability Initiatives: Many companies in the tree trimmer industry are actively pursuing sustainability initiatives, from using recycled materials to promoting responsible manufacturing and disposal practices.

3. Customization Options: Brands are offering more customization options to cater to the specific needs of professional users, allowing them to select tree trimmers tailored to their requirements.

The Tree Trimmers Market is not only meeting the growing demands of urbanization and environmental awareness but is also continuously innovating to provide smarter, more efficient, and environmentally friendly solutions. As the industry evolves, we can expect to see even more exciting developments and trends that will shape the future of tree trimming, ensuring that our trees remain healthy and beautiful for generations to come. Whether you are a professional arborist or a homeowner with a green thumb, the Tree Trimmers Market has something to offer for everyone.

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Smart Energy Market: A Roadmap to Sustainability and Energy Efficiency

The global smart energy market size was valued at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.

Smart energy refers to the use of advanced technologies, data analytics, and intelligent systems to optimize the generation, distribution, consumption, and management of energy resources. The goal of smart energy is to create more efficient, sustainable, and reliable energy systems that benefit consumers, businesses, and the environment.

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Asia-Pacific is expected to witness highest smart energy market growth. This is attributed to growing application of smart energy devices in China, India, and Japan. Furthermore, favorable government policies in these countries regarding subsidies and rebates, and mandatory installation of smart meters will positively impact the market growth.

Some of the key players profiled in the smart energy market report include General Electric, Itron, Honeywell International, Siemens, ABB Group, and Larsen & Toubro.

Growing preference of sustainable energy resources such as solar and wind is expected to drive the market growth in forecast timeframe. In addition, the mandatory installation of smart meters in households and commercial areas is expected to boost the growth of the smart energy market. In addition, increase in demand for efficient energy technologies such as implementation of IOT (internet of things), will further drive the demand for various smart grids.

The smart energy system consists of smart electricity, smart gas, and smart thermal grids. In addition, the application of smart energy system can also eliminate need of conventional fossil fuels.

Smart Grids:

Advanced Metering: Smart meters enable real-time tracking of energy consumption, allowing consumers to make informed decisions about their energy use.

Distribution Automation: Smart grids use sensors and automation to quickly detect and respond to outages, reducing downtime and improving grid reliability.

Demand Response: Smart grids allow utilities to communicate with connected devices and appliances to adjust energy consumption during peak demand periods.

Renewable Energy Integration:

Distributed Energy Resources: Smart energy systems enable the seamless integration of solar panels, wind turbines, and other distributed energy sources into the grid.

Energy Storage: Smart energy management optimizes the use of energy storage systems, such as batteries, to store excess energy for later use.

Energy Efficiency:

Smart Appliances: Appliances with smart features can adjust their energy consumption based on real-time data, load demand, and energy pricing.

Building Automation: Smart building systems control heating, cooling, lighting, and other functions to minimize energy waste and improve comfort.

Data Analytics and AI:

Predictive Analytics: Data analysis and AI predict energy consumption patterns, enabling utilities to plan for demand fluctuations.

Energy Forecasting: AI models provide accurate predictions of energy production from renewable sources, helping utilities manage grid stability.

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Demand-Side Management:

Peak Shaving: Smart energy systems help reduce peak demand by shifting energy-intensive activities to off-peak hours.

Load Balancing: Advanced algorithms balance energy supply and demand across the grid, preventing overloads.

Electric Vehicles (EVs):

Smart Charging: EV charging stations can use data to optimize charging times and manage energy demand.

Vehicle-to-Grid (V2G): EVs can provide energy back to the grid during peak demand, enhancing grid stability.

Microgrids:

Localized Power Generation: Microgrids incorporate local energy generation and storage to provide power to specific areas, enhancing resilience during outages.

Environmental Sustainability:

Reduced Carbon Footprint: Smart energy solutions prioritize renewable energy sources, leading to lower greenhouse gas emissions.

Emission Monitoring: Smart systems monitor emissions from energy sources and industrial processes to ensure compliance with environmental regulations.

Customer Empowerment:

Real-Time Information: Consumers receive real-time information about their energy use, enabling them to make energy-efficient choices.

Energy Management Apps: Apps allow users to monitor and control energy use remotely.

Grid Security and Resilience:

Cybersecurity: Smart energy systems implement cybersecurity measures to protect critical infrastructure from cyber threats.

Grid Resilience: Smart grids can isolate sections of the grid during disruptions to prevent widespread outages.

COVID-19 scenario analysis

The smart energy market has been severely impacted by the outbreak of COVID-19 across the globe. The market witnessed large fall in demand from manufacturing and production centers, owing to large number of shutdown in the industrial sector.

Nonetheless, social distancing norms and lockdown measures across the globe led to supply chain disruption in the smart energy market.

Social distancing norms affected the availability of equipment and spare parts; thus, negatively impacting the maintenance and infrastructure development activities.

In post COVID period, industry players will focus to re-asses their supply chain and consider whether sourcing from domestic players closer to operational site may improve the supply chain.

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Based on end-user industry, the residential end-user industry segment accounted for considerable market share, owing to increase in residential power consumption. Due to economic developments and favorable government policies, the smart meters market witnessed a large demand in the residential sector; therefore, positively impacting the market growth.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Construction Flooring Chemical Market Demand, leading global Companies and Regional Average Pricing Analysis by 2023

Allied Market Research recently published a report titled, “Construction Flooring Chemical Market by Type (Soft Covering, Resilient, Non-resilient, and Others) and Application (Residential, Commercial, Infrastructure, and Repair Structure) – Global Opportunity Analysis and Industry Forecast, 2015-2023”. 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.

The Construction Flooring Chemical 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.

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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 Construction Flooring Chemical 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 Construction Flooring Chemical 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 Construction Flooring Chemical 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 Construction Flooring Chemical 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 Construction Flooring Chemical 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 Construction Flooring Chemical market.

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The Construction Flooring Chemical 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 Industries, Inc. Forbo, Mohawk Industries, Inc., Shaw Industries, Congoleum Corporation, Gerflor, Interface Incorporation, James Halstead Plc., The Dixie Group, and Toli Corporation. 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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Oil Storage Market Growth Set to Surge Significantly During 2021 – 2030

The global oil storage market size was valued at $12.2 billion in 2020, and is projected to reach $18.4 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Oil storage refers to terminals or tanks used to store processed or produced oil from refineries. Tanks endure the reservoir at several stages of processing and transportation. Wooden storage tanks were utilized during 1980s, which are now substituted by stainless steel, plastic, carbon steel, or reinforced concrete. Downstream operations use huge storage tanks to assemble oil for further processing and marketing. The global oil storage market is driven primarily by continued rise in energy outlook largely coupled with growing concerns about responding to the emergency supply of crude oil. Increase in import and export activities within the oil industry is driving market growth. Logistics and transportation are basic functions in the oil & gas industry. Current players in India, China, Canada, and the Middle East are expanding their ability to process heavy crude oil with more capacity, which is expected to drive growth over the forecast period.

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The outbreak of COVID19 is expected to have a reasonable impact on the global oil storage market. With land tanks and storage options nearly full in some major countries, including the U.S. and India, market participants are often looking for opportunities to contribute to the demand for new oil storage alternatives in these areas. Nonetheless, technological advances, investments in storage facility development, and new pipelines to increase tank storage capacity are expected to create potential revenue opportunities for players operating in this market.

Population growth, rise in income levels, and rapid urbanization have created global oil demand, but resource depletion means that most countries in the world are primarily dependent on oil supply imports increase. The world’s population is projected to reach approximately 9.8 billion in 2050 and 11.2 billion in 2100, and countries to build these terminals to meet oil demand and income from commercial exploitation will drive the growth of the market. Various products derived from crude oil such as diesel, gasoline, aviation fuel, and kerosene have found huge applications in various sectors. In recent years, the automobile industry has grown rapidly. Navy operations have increased. The aviation industry is keeping pace with the growth of air travel, and the chemical industry is with the introduction of new products. Due to these factors, the demand for diesel, gasoline, and lubricating oil is increasing, which has positive impact on the demand for crude oil, which, in turn, propels the demand for oil storage terminals.

The global oil storage market is segmented into type, material, product design, and region.

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Depending on type, the global oil storage market is categorized into crude oil, gasoline, aviation fuel, naphtha, diesel, kerosene, and liquefied petroleum gas. In terms of value, the crude oil segment accounted for the largest share in 2020. By material, the market is bifurcated into steel, carbon steel, and fiberglass reinforced plastic. In terms of value, carbon steel segment accounted for the largest share in 2020. On the basis of product design, the market is bifurcated into open top tank, fixed roof tank, floating roof tank, and others. In terms of value, floating roof tank segment accounted for the largest share in 2020.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. LAMEA accounted for the largest share of the market in 2020, with Asia-Pacific being the fastest growing region. The major companies profiled in oil storage industry include Belco manufacturing co., Inc., Brooge Energy, Containment Solutions, Inc., LBC Tank Terminals, L. F. Manufacturing, Inc., Oiltanking GmbH, Odfjell SE, Puma Energy, Royal Vopak, and Vitol.

In addition to the abovementioned companies, there are Energy Transfer Partners, LP. (Sunoco Logistics Partners), Synalloy Corporation, Columbian TecTank, Inc., Poly Processing Company, Inc., Red Ewald Inc., and ZCL Composites Inc. are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the Oil storage in the forecast period.

Impact Of Covid-19 On The Global Oil Storage Market

Emergence of COVID-19 had a less impact on the growth of the global Oil storage market during this period.
This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand for Oil storage during this period.
The decrease in demand for many non-essential products and shut down of construction has created a negative impact on the development of global oil storage market.
Thus, the abovementioned factors are expected to have negative impact the global Oil storage market growth during the pandemic period.

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Key findings of the study

Region wise, LAMEA accounted for the largest oil storage market share in 2020.
On the basis of type, the crude oil segment holds the largest market share in 2020.
Depending on material, the carbon steel segment garnered the major market share in 2020.
By product design, the floating roof tank segment accounted for the largest market share in 2020.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Cumene Market Insights Business Opportunities, Current Trends And Restraints Forecast 2030

Cumene Market By Production technology (Zeloite, Solid Phosphoric Acid, Aluminum Chloride), By Application (Phenol, Acetone, Others): Global Opportunity Analysis And Industry Forecast, 2021-2030.” According to the report, the global cumene industry generated $18.6 billion in 2020, and is expected to reach $28.0 billion by 2030, witnessing a CAGR of 4.3% from 2021 to 2030.

The global cumene market has witnessed significant growth opportunities globally, owing to growth in demand for phenol and acetone and their derivatives. Furthermore, economic growth, rise in per capita disposable income, and upsurge in the use of phenolic resins & bisphenol-A are anticipated to boost the market growth during the forecast period

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Cumene is primarily used as a raw material in the production of phenol and acetone, which are widely utilized in various industries such as automotive, construction, electronics, and pharmaceuticals. The growing demand for these end-use products directly drives the demand for cumene. The construction sector plays a significant role in the demand for cumene-based products. As economies develop and urbanization increases, there is a rising need for construction materials, coatings, adhesives, and sealants, which rely on cumene-derived products. The chemical industry is a major consumer of cumene. Cumene is used as a solvent in the manufacture of various chemicals, including resins, polycarbonates, and synthetic fibers.

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Advances in technology and process optimization have led to improved production efficiency and cost-effectiveness in cumene manufacturing. Enhanced catalysts, process modifications, and integration of renewable feedstocks have positively influenced the cumene market, making it more competitive and sustainable. With increasing environmental concerns and sustainability goals, there is a growing interest in bio-based alternatives and sustainable manufacturing practices. Some companies are exploring bio-based routes to produce cumene, utilizing renewable feedstocks instead of traditional fossil fuel sources. This trend is likely to impact the cumene market and create opportunities for bio-based cumene production.

COVID-19 impact on the Cumene market:

COVID-19 pandemic has resulted in slowdown in the growth of cumene in the global market, leading to low demand for phenol and acetone derivatives of cumene. The demand for phenol decreased due to the impacts of COVID-19 on the industry, the region, and disruptions in supply chain operations. Thus, the demand for cumene declined in 2020. Moreover, the COVID-19 pandemic started to affect the major end-user industries of cumene, such as cosmetics and personal care, paints and enamels, high-octane aviation fuels, polymer industries, where declined sales due to the pandemic weakened the demand for cumene for a long period. However, cumene market is expected to recover by the first quarter of 2021, and expected to grow with a CAGR of 4.3% as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.

Key Benefits For Stakeholders:

► The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations of the global cumene market from 2021 to 2030 to determine the prevailing opportunities.

► A comprehensive analysis of the factors that drive and restrict Cumene market growth is provided.

► Estimations and forecast are based on factors impacting the cumene market growth, in terms of value.

► Profiles of leading players operating in the cumene market are provided to understand the global competitive scenario.

► The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable cumene market growth.

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Key Market Players:

► Royal Dutch Shell Plc

► Exxon Mobil Corporation

► Total S.A

► BP Plc

► Sumitomo Chemical Co

► Axiall Corporation

► SABIC

► BASF SE

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Battery Recycling Market to Partake Significant Development During 2030

The battery recycling market size was valued at $11.1 billion in 2020, and is projected to reach $66.6 billion by 2030, growing at a CAGR of 19.5% from 2021 to 2030.

Battery recycling referred to collection of batteries through various sources including portable electronic devices, electric vehicles, and other industrial energy storage purposes. After the end of battery life cycle, most batteries are disposed in landfills. It is important to recycle them to further reduce environmental pollution caused by these hazardous batteries. However, battery recycling is previously considered as a legislative activity; however, it is nowadays a more profitable way to recover metals through recycling of various batteries including lead acid, lithium-ion, and nickel metal hydride.

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The global battery recycling market is anticipated to witness rapid growth, owing to increase in use of various automobiles such as electric & hybrid vehicles, which, in turn, is anticipated to fuel growth of the battery recycling market in upcoming years. Currently, there are established patented recycling methods that are available in the market. Therefore, battery recycling is done by patented methods of individual manufacturers or other organizations. Besides this, favorable government policies to support battery recycling infrastructure is driving the growth of this market. Whereas, complications related to lithium-ion batteries is the key growth barrier in this market.

Depending on chemistry, the lead-acid battery segment held highest position in battery recycling market share of about 63.9% in 2020, and is expected to maintain its dominance during the forecast period. This is attributed to the fact that lead-acid battery is highly profitable in terms of recycling, has low cost over other battery types, and its greater adoption as it is the first commercial battery in energy storage applications. On the other hand, lithium-ion battery recycling may gather great momentum during the forecast period in response to the growing efforts to develop patented recycling methods.

On the basis of source, the industrial batteries segment held the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the wide application included in the industrial segment starting from renewable energy integration to forklift batteries, and UPS systems. Therefore, batteries are collected largely from an industrial source for recycling.

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On the basis of application, the transportation segment held the largest share, in terms of revenue, and is expected to grow at a CAGR of 19.3%. This is attributed to the growing adoption of electric & hybrid vehicles and increasing efforts to promote electrification in the overall automotive industry. In addition, rapid growth of EV industry across the developing economies is anticipated to fuel the market growth in the coming years.

The market is analyzed across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Europe garnered dominant market share in 2020, and is anticipated to maintain this trend during the forecast period. This is attributed to numerous factors such as presence of huge consumer base and the existence of key players in the region. Moreover, regulations toward environmental pollution and rapid growth of electric vehicle industry in the region are anticipated to contribute toward growth of the battery recycling market in Europe.

The global battery recycling market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include • LI-CYCLE CORP., Accurec Recycling GmbH, Battery Solutions, Redwood Materials, Inc., Glencore International, Retriev Technologies, Umicore, Enersys, AkkuSer Oy, and Duesenfeld GmbH.

Other players operating in the value chain of the global battery recycling industry are Neometals Ltd., Primobius, Green Li-ion Pvt., Ltd., SungEel MCC Americas, Redux GmbH, and others.

COVID-19 impact on the market

The global battery recycling market has witnessed steady growth in 2020, owing to the outbreak of the COVID-19 pandemic. The outbreak has negatively impacted various industries and countries, thereby decreasing manpower across the globe, which, in turn, decreased consumer spending and thus, decreased demand for electronics, automotive, and other products. However, owing to lockdown imposed across the globe, there is a supply-demand gap, which resulted in halt in supply for equipment or batteries used in recycling processes. In Europe, economies, such as Germany, France, Spain, and Italy, are following stringent measures, such as maintaining social distance and limiting movements to prevent spread of coronavirus. Moreover, such safety measures have been witnessed across the globe, which further impacted the global battery recycling market growth.

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Key Findings Of The Study

In 2020, the lead-acid battery segment accounted for majority of share of the global battery recycling market, and is expected to maintain its lead during the forecast period.
In 2020, the industrial batteries segment accounted for about 51.3%, and is expected to maintain its dominance till the end of the forecast period.
The transportation segment accounted for 43.8% in 2020, and is anticipated to grow at a rate of 19.3% in terms of revenue, increasing its share in the global battery recycling market.
Industrial is the fastest-growing application segment in the battery recycling market, and is expected to grow at a CAGR of 19.9%.
Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 20.2% during the battery recycling forecast period.
In 2020, Europe dominated the global battery recycling market with more than 35.78% of the market share, in terms of revenue.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact: