Protective Clothing Market Latest New Trends, Supply Chain Challenges, Russia Ukraine War Impact As per study by Fortune Business Insights™, the global protective clothing market is anticipated to be ... View MoreProtective Clothing Market Latest New Trends, Supply Chain Challenges, Russia Ukraine War Impact As per study by Fortune Business Insights™, the global protective clothing market is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.
Regional Analysis-
North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety
The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China.
Segment-
Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment
Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019.
Competitive Landscape-
Key Manufacturers Aim to Enhance Portfolio through Acquisitions
A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/protective-clothing-market-102707
Protective Clothing Market Size, Industry Share | Research Report, 2030
The global protective clothing market Size was valued at USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.
Aseptic Packaging Market Report by Technology, Industry Share and Size Expansion to 2028 | Fortune Business Insights™ The aseptic packaging market size was valued at USD 53.77 billion in 2020. The mar... View MoreAseptic Packaging Market Report by Technology, Industry Share and Size Expansion to 2028 | Fortune Business Insights™ The aseptic packaging market size was valued at USD 53.77 billion in 2020. The market is projected to rise from USD 59.06 billion in 2021 to USD 121.96 billion by 2028 at a 10.9% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, “Aseptic Packaging Market, 2021-2028.”
According to the analysis, aseptic packaging solutions will gain traction to prevent contamination across the end-use sectors, including food & beverage and pharmaceuticals. Some of the factors, such as thermal stability, chemical resistance and lower level of contamination, are likely to augur well for the business outlook.
Drivers and Restraints
Trend for Natural Food & Beverage Products to Bolster Industry Forecast
Millennials and the Gen Z population are slated to exhibit traction for organic and natural food products in the ensuing period. The palpable shift towards natural food & beverage products has prompted the development of quality packaging that can keep food fresh. Stakeholders expect the solution to boost shelf life, fostering the aseptic packaging market growth. Moreover, soaring demand for pharmaceutical drugs has fared well for leading companies vying to bolster their footfall.
Meanwhile, potential environmental impact, as well as the high cost of packaging, could impact the adoption of the packaging materials.
Regional Insights
Stakeholders Tap Asia Pacific Market to Gain Strategic Hold from Pharmaceutical Sector
Leading companies are likely to explore potential growth opportunities across China, Japan, Australia and India, largely due to the demand from the pharmaceutical sector. Burgeoning population across the emerging economies could provide promising opportunities in the ensuing period. Besides, the growing footprint of bread & confectionary and cosmetics will trigger investments across Asia Pacific.
The North America aseptic packaging market share will witness a commendable gain during the forecast period, partly attributed to investments in the healthcare sector. At the time when the demand for better healthcare has peaked in the U.S. and Canada, packaging technologies will continue to receive impetus.
Stakeholders predict the Europe market outlook to be strong on the back of soaring demand for alcoholic and non-alcohol beverages. In a bid to prevent contamination, end-users are likely to seek aseptic packaging materials. Advanced packaging solutions will be sought-after across the U.K., France and Germany in the ensuing period.
Information Source:
https://www.fortunebusinessinsights.com/aseptic-packaging-market-106589
Aseptic Packaging Market Size & Growth | Global Report [2028]
The global aseptic packaging market is projected to grow from $59.06 billion in 2021 to $121.96 billion by 2028 at a CAGR of 10.9% in forecast period
Respiratory Protective Equipment Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2027 The global respiratory protective equipment (RPE) market size is projected to rea... View MoreRespiratory Protective Equipment Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2027 The global respiratory protective equipment (RPE) market size is projected to reach USD 12.88 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Spread of the coronavirus through air route will surge the adoption of RPE throughout 2020, observes Fortune Business Insights™ in its report, titled “Respiratory Protective Equipment (RPE) Market Size, Share & COVID-19 Impact Analysis, By Product (Air Purifying Respirators (APR) {Unpowered Air-Purifying Respirators [Disposable Filtering Half Mask, Half Mask, and Full Face Mask], and Powered Air-Purifying Respirators (PAPR) [Half Mask, Full Face Mask, and Helmets, Hoods & Visors}, and Supplied Air Respirators {Airline Respirators, Self-Contained Breathing Apparatus (SCBA), Combination SAR/SCBA or APR/SAR}), By End-Use (Industrial, Oil & Gas, Mining, Petrochemical, Construction, Healthcare, Pharmaceuticals, Fire Service), and Regional Forecast, 2020-2027”
Market Driver
Extensive Utilization of RPE in Mining Industry to Stoke Growth
Respiratory protective equipment is commonly used by miners owing to the massive health risks involved during mining operations, particularly coal mines. The most widely utilized RPE are powered air-purifying respirators (PAPRs) on account of their high efficacy in filtering out dust particles. These particles are known to cause severe lung disorders in miners who have had prolonged exposure to harmful dust. Such exposure has been known to lead to a common lung condition called pneumoconiosis, or dusty lung, which usually manifest in the form of silicosis and coal miners’ pneumoconiosis (CWP), or black lung. Both these conditions are incurable and invariably lead to premature deaths. Effective RPE can prevent miners from inhaling these toxic dust particles and save them from developing lifelong debilitating health conditions.
Regional Insights
Strict Implementation of Workplace Safety Rules to Accelerate the Market in North America
In North America, where the market size stood at USD 2.5 billion in 2019, the market is expected to perform exceptionally well as regulatory bodies such as the Occupational Safety and Health Administration (OSHA) have been strictly imposing workplace safety rules. As a result, the adoption of RPE and other personal protective equipment such as hard hats has become mandatory in the US and Canada.
Asia Pacific is expected to present lucrative opportunities owing to the rapid expansion of the construction, manufacturing, and healthcare sectors in the region. In Europe, the demand for effective RPE is escalating, primarily from workers in core industries. For example, Germany’s RPE market share in construction industry stood at 11.9% in 2019.
Browse Link: -
https://www.fortunebusinessinsights.com/respiratory-protective-equipment-rpe-market-103534
Respiratory Protective Equipment Market Growth, Share, Size, Forecast, 2031
The global respiratory protective equipment market size was valued at $8.04 billion in 2021 and is projected to grow from $8.77 billion in 2023 to $12.51 billion by 2031 at a CAGR of 4.5% during the f
Renewable Chemicals Market Report by Technology, Industry Share and Size Expansion to 2028 | Fortune Business Insights™ The global renewable chemicals market size is predicted to reach USD 252.55 bill... View MoreRenewable Chemicals Market Report by Technology, Industry Share and Size Expansion to 2028 | Fortune Business Insights™ The global renewable chemicals market size is predicted to reach USD 252.55 billion by 2028 and exhibit a CAGR of 11.5% during the forecast period. Fortune Business InsightsTM has presented this information in its report titled “Renewable Chemicals Market, 2021-2028”. Furthermore, due to increased greenhouse gas emissions and the depletion of fossil resources, the usage of renewable chemicals and polymers has exploded in many end-user sectors. Additionally, the government's increased promotional actions for eco-friendly and bio-based creations will aid the market's long-term development.
Segments-
On the basis of type, the market is segmented into biopolymers, alcohols, ketones, organic acids, and others. On the basis of application, the market is divided into pharmaceutical, petrochemicals, packaging products, automotive, cleaning & detergent products, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage-
The report delivers data on the renewable chemicals industry in-depth, focusing on critical elements such as key players, product type, applications, and goods. It also contains quantitative data in terms of volume and value, market analysis, market data research methodology, and industry trend insights. It emphasizes essential industry advancements as well as the competitive landscape. In addition to the causes listed above, the report includes several other variables contributing to the market's recent expansion.
Drivers & Restraints-
Rising Industrial Applications of Renewable Alcohols to Boost Market Growth
Renewable alcohols are used in various industrial applications such as solvents, fuel additives, and beverages, which will drive market growth. Renewable alcohols mainly comprise methanol and ethanol. Fuels such as regular gasoline are increasingly blended with ethanol as an oxygenate additive. Bio-based ethanol is also added to the product catalogs of some businesses due to its advantages of being ecologically sound.
Regional Insights-
Government in the Asia Pacific to Promote Production of Eco-Friendly Products and Chemicals
In 2020, the Asia Pacific renewable chemicals market share was valued at USD 71.43 billion. Governments in the region are promoting environment-friendly products and chemicals in response to growing environmental concerns. As a result, demand for these chemicals is increasing, leading to market growth in Asia Pacific. China has the largest market share and is the fastest-growing country in the area. The need for bio-based chemicals in China is fueled by rising bio-polymer manufacturing, increased research and development efforts, and a burgeoning chemical sector.
Browse Detailed Summary:
https://www.fortunebusinessinsights.com/renewable-chemicals-market-106572
Renewable Chemicals Market Size, Growth & Analysis [2028]
The global renewable chemicals market is projected to grow from $117.76 billion in 2021 to $252.55 billion in 2028 at a CAGR of 11.5% in forecast period
Wood Flooring Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2027 The global wood flooring market size is expected to showcase a considerable growth by reaching USD 4... View MoreWood Flooring Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2027 The global wood flooring market size is expected to showcase a considerable growth by reaching USD 41,682.2 million by 2027. This is attributable to the increasing government support to promote wood products for construction activities and the surging demand for consumer-friendly building designs that propel the demand for advanced wood flooring solutions globally. This information is published by Fortune Business Insights, in its latest report, titled, “The report mentions that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027.
What does the Report Include?
The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
DRIVING FACTORS
Increasing Government Support to Promote Wooden Products to Surge Demand
The extensive adoption of constructional products such as gravel, cement, steel, and plastic leads to environmental stress. The growing demand for the adoption of sustainable products is propelling the government to promote wood products that are natural and easily decomposable. This is expected to drive the demand for advanced wood flooring solutions across the globe. In addition to this, the adoption of consumer-friendly design that appeals aesthetically is anticipated to bode well for the growth of the global wood flooring market in the forthcoming years.
REGIONAL INSIGHTS
Favorable Government Policies to Promote Wood Products in Asia-Pacific to Aid Growth
Among all the regions, Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the largest global wood flooring market share in terms of revenue in the forthcoming years. This is attributable to the favorable government policies that promote the adoption of wood as raw materials in the construction industry in the region.
The market in Europe is expected to experience a significant growth backed by the growing focus of companies to develop heat compatible wood flooring products in the region between 2020 and 2027.
Information Source:
https://www.fortunebusinessinsights.com/wood-flooring-market-104011
Wood Flooring Market Size, Industry Share, Growth Rate, Forecast, 2032
The global wood flooring market size was $33,279.5 Mn in 2019 & is projected to reach $41,682.2 Mn by 2027, at a stable CAGR of 3.6% in forecast period
Aramid Fiber Market | 2022 Research Report Analysis, Future Innovations, Growth Elements, and Recent Development The global aramid fiber market size is projected to reach USD 7,243.3 million by the en... View MoreAramid Fiber Market | 2022 Research Report Analysis, Future Innovations, Growth Elements, and Recent Development The global aramid fiber market size is projected to reach USD 7,243.3 million by the end of 2027. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Aramid Fiber Market Size, Share & COVID-19 Impact Analysis, By Product Type (Para, Meta and Others), By Application (Security & Protection, Frictional Materials, Rubber & Tire Reinforcement, Optical Fiber, Electrical Insulation, Aerospace and Others), and Regional Forecast, 2020-2027” the market was worth USD 4,522.6 million in 2019 and will exhibit a CAGR of 6.5% during the forecast period, 2020-2027.
Aramid fibers are widely used across diverse industry applications, mainly due to their exceptional physical properties. The product is characterized by mechanical strength and excellent resistance to external factors including pressure and humidity. As this is a manmade fiber, availability is not an issue. The increasing demand for the product has led to the presence of several large scale manufacturing units across the world. The presence of several large scale manufacturers will have a direct impact on the growth of the overall market in the forthcoming years. Besides this, properties such as low flammability and good fabric integrity will contribute to the growing adoption of these fibers across diverse industry verticals in several countries.
Covid-19 Pandemic has Limited Product Adoption in End-use Industries
The recent coronavirus outbreak has had a massive impact on several economies across the globe. The efforts taken to curb the spread of the disease have limited the growth of businesses across the world. Due to the rapid spread of the disease, several countries are looking to implement strict measures with a view to controlling the spread of the disease. The measures are taken to curb the spread of the disease, including lockdown and social distancing practices have resulted in a shortfall of manpower and workforce. As a result, several production units have either been put on hold or being operated with limited resources. The demand for aramid fiber has gone down drastically in the past few months; a factor that will have a considerable impact on the overall market in the coming years.
Increasing Number of Product Innovations will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for the product, there is healthy market competition across the world. Among all factors, the increasing number of product innovations has had the highest impact on the growth of the overall aramid fiber market in recent years. In September 2018, Snow Peak announced the launch of a new product through the integration of aramid fiber. The company introduced a new material fabric that is directed for use in outdoor apparel. The applications of aramid fiber are not limited to a single domain and this has been a major contributor to market growth. The increasing number of such product innovations will have a huge impact on the growth of the overall market in the forthcoming years.
Europe to Emerge Dominant; Increasing Applications in Automotive Industry will Aid Growth
The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in Europe is projected to emerge dominant in the coming years. The increasing applications of the product across diverse industry verticals by large scale companies based in this region will emerge in favor of market growth. The increasing demand for efficient fuel sources has given the platform for companies operating in this region. As of 2019, the market in Europe was worth USD 1615.7 million and this value is projected to rise at a considerable pace in the coming years. The market in Asia Pacific is projected to rise at the highest CAGR during the forecast period driven by the initiatives taken by government organizations for industrial safety in countries such as India and China.
Browse Summary of This Research Report:
https://www.fortunebusinessinsights.com/aramid-fiber-market-102183
Aramid Fiber Market Size, Global Share, Industry Forecast, Report, 2032
The global aramid fiber market size was USD 4,522.6 million in 2019 and is projected to reach USD 7,243.3 million by 2027, exhibiting a CAGR of 6.5% during the forecast period.
Automotive Tinting Film Market | Global Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by Fortune Business Insights The global automotive tinting film ma... View MoreAutomotive Tinting Film Market | Global Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by Fortune Business Insights The global automotive tinting film market size is expected to reach USD 1,679.2 million by 2027, exhibiting a CAGR of 3.8% during the forecast period. The growing inclination towards factory tint to enrich vehicle’s style and features can be a vital factor enabling the growth of the market during the forecast period, the market size stood at USD 1,450.1 million in 2019
The whole world is battling with the newly discovered coronavirus. The government authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused instabilities in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
Market Driver:
Surging Carbon Emissions to Spur Business Opportunities
The rising atmospheric temperatures in several nations have accelerated the demand for Automotive Tinting Film. Similarly, the imposition of emission regulations by several governments will contribute tremendously to the growth of the market in the foreseeable future. The new regulations regarding the tinting or darkness of the films to curb unwanted criminal activities will create lucrative opportunities for the market in the forthcoming years. For instance, in New Jersey, US, no tint is allowed on the windshield. Likewise, in India, the use of black tinted film is completely banned however consumers are allowed to use tinted glass with at least 70% visibility in the windshield and rear window. Also, the rising consumer proclivity on tint films to reduce vehicle temperature will foster healthy growth of the market during the forecast period.
Market Restraint
Drastic Fall in Car Sales to Thwart Market Development During Coronavirus
The disruption in automotive production and sales during COVID-19 has negatively impacted the automobile industry. Besides, the lockdown restrictions imposed by the government have led to a shortage of manpower, which, in turn, will retard the growth of the market. For instance, UK car sales were down by 89% in May 2020. The UK automotive industry witnessed a major drop in production and sales as compared to 2019. The coronavirus outbreak is predicted to contract the market by over 10% in 2020, which, will be alleviated by mid-2021. Europe and North America are expected to experience heavy losses in 2020. The analysts at Fortune Business Insights forecast, the global automotive tinting film sales will drop by 15 or 20% due to the economic recession.
Regional Analysis:
High Adoption of Tinting Films to Boost Growth in Asia Pacific
The market in Asia Pacific generated a revenue of USD 636.22 million in 2019 and is expected to rise tremendously during the forecast period. The growth in the region is attributed to the developing on-road vehicle fleets in countries in China, India, and Thailand. The market in North America is expected to witness a high growth rate during the forecast period. Europe is expected to experience a healthy CAGR owing to the rising demand from countries such as Germany, Italy, France, UK, and Spain. Brazil & Mexico is predicted to observe a low growth rate owing to the political and economic instability in countries such as developing countries of the region such as Argentina, Chile, Venezuela, Colombia, and others.
Information Source:
https://www.fortunebusinessinsights.com/automotive-tinting-films-market-102312
Automotive Tinting Film Market Size, Share, Industry Forecast, 2032
The global automotive tinting film market size was valued at $1,450.1 Mn in 2019 & is projected to reach $1,679.2 Mn by 2027, at a CAGR of 3.8% in forecast period
Flat Glass Market challenges, Share, Size, Growth, Opportunity and Forecast Till 2026 According to a recently published report by Fortune Business Insights The global flat glass market is likely to ga... View MoreFlat Glass Market challenges, Share, Size, Growth, Opportunity and Forecast Till 2026 According to a recently published report by Fortune Business Insights The global flat glass market is likely to gain traction from the rapid industrialization. It is driving the demand for flat glass as they are being used extensively in the commercial buildings to conserve energy. It is done by maximizing the usage of natural light. Fortune Business Insights™ provided this information in a recent report, The report further states that the flat glass industry share was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Drivers & Restraints-
Rising Government Initiatives to Promote Energy Efficiency will Drive Growth
Flat glass is gaining popularity in the building & construction industry owing to its ability to provide excellent thermal insulation and acoustic insulation. Also, the increasing number of infrastructural development and construction activities would contribute to the flat glass market growth in the near future.
Furthermore, the rising utilization of flat glass in commercial and residential buildings is enabling the usage of natural light and is reducing the consumption, as well as the cost of artificial lights. The governments of various countries are also implementing various stringent norms and regulations to promote energy efficiency. Researchers say that buildings adopting these rules are consuming approximately 40%-60% less energy, unlike the conventional buildings. However, the decomposition of raw materials and combustion of fuel oil often emit carbon dioxide in the atmosphere. It may obstruct the market growth.
Segment-
Ability to Improve Solar Gain will Drive Growth of the Coated Segment
Based on product type, the market is categorized into toughened, laminated, extra clear, coated, and others. Out of these, in 2018, the coated segment held 23.9%flat glass market share. This growth is attributable to the possession of numerous beneficial properties of coated flat glass. These include enhanced self-cleaning, hydrophobic, anti-reflection, and insulation properties. Such glass aids in improving solar gain and in maintaining the heat inside the building. The laminated segment, on the other hand, holds the major share fueled by their upsurging demand from the construction and automotive industries. It is because they are capable of remaining intact when broken.
Source:https://www.fortunebusinessinsights.com/flat-glass-market-102720
Flat Glass Market Size, Share, Industry Research, Revenue Forecast, 2032
The global flat glass market size was valued at $98.37 billion in 2018 and is projected to reach $153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.
Automotive Tapes Market 2021 Business Scenario | Top Players, Top Regions, SWOT, PESTEL by 2026 The global automotive tapes market size projected to reach USD 6.40 billion. The increasing applications... View MoreAutomotive Tapes Market 2021 Business Scenario | Top Players, Top Regions, SWOT, PESTEL by 2026 The global automotive tapes market size projected to reach USD 6.40 billion. The increasing applications of the product will fuel it demand across diverse industries. According to a report published by Fortune Business Insights, titled “Automotive Tapes Market Size, Share and Global Trend by Type (Specialty, Double-sided, Masking, Others), By Function (Bonding, Masking, Noise, vibration, and harshness {NVH}, Others), By Application (Interior, Exterior, Wire Harnessing, Others) and Geography Forecast till 2026,” the market was worth USD 5.17 billion in 2018 and will exhibit a CAGR of 3.16% during the forecast period, 2019-2026.
Automotive tapes are widely used across the automotive industry. The increasing emphasis on development of sustainable and durable tapes has derived huge investments from manufacturers across the world. This has caught the eye of companies from other industries, as well, and has encouraged them to deviate from their core strategies and invest in automotive tapes. The increasing emphasis on product R&D has yielded a few exceptional products in recent years and has attracted attention from consumers from consumers across the world. Variations in product offerings have allowed widespread applications, subsequently aiding the growth of the market. The healthy market competition has encouraged competitors to adopt newer strategies. Altogether, these factors will have a positive impact on the growth of the market in the coming years.
Increasing Number of Company Mergers Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing company mergers and collaborations have made a massive impact on the growth of the market. In August 2019, Bostik announced that it plans to acquire Prochimir. Through this acquisition, the company plans to expand its thermos-bonding solutions. Considering the massive global reach of both of these companies, the collaboration will have a huge impact, not just on their businesses, but also on the global market. The report includes a few of the major company collaborations of recent times and gauges their impact on the growth of the market.
Asia Pacific to Emerge Dominant; Increasing Disposable Income in Major Countries to Aid Growth
The report analyzes the ongoing automotive tapes market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The increasing disposable income in emerging countries such as India and China will emerge in favor of market growth. Besides Asia Pacific, the market in North America will also witness considerable growth. As of 2018, the market in North America was worth USD 726.99 million and this value is projected to increase further in the coming years.
Browse In-depth Summary of This Research Insight@
https://www.fortunebusinessinsights.com/automotive-tapes-market-102417
Automotive Tapes Market Size, Industry Share, Global Report, 2032
The global automotive tapes market Size was valued at USD 5.17 billion in 2018 is projected to reach USD 6.40 billion by 2026, exhibiting a CAGR of 3.16% during the forecast period from 2019 - 2026
Automotive Lubricants Market Size, Trends, Growth Status, Key Players Overview, Price Analysis, Share Estimation and Forecast to 2029 The global automotive lubricants market size is expected to reach ... View MoreAutomotive Lubricants Market Size, Trends, Growth Status, Key Players Overview, Price Analysis, Share Estimation and Forecast to 2029 The global automotive lubricants market size is expected to reach USD 79.91 billion by 2026, exhibiting a CAGR of 1.58% during the forecast period. The growing adoption and popularity of synthetic lubricants in the automotive sector will have a positive impact on the automotive lubricants market growth during the forecast period. The growing innovation in lubricants has improved the overall of quality, which has led to extended oil drain and service intervals, better fuel efficiency, and more extended protection period. This factor will spur demand for lubricants, which in turn, will enable speedy growth of the market. In addition, the increasing awareness regarding the benefits of synthetic lubricants among consumers will aid the market revenue for automotive lubricants in the foreseeable future.
According to the published report by Fortune Business Insights, titled “Automotive Lubricants Market Size, Share & Industry Analysis, By Oil Type (Synthetic, Semi-synthetic, and Conventional or mineral), By Product Type (Engine Oil, Gear Oil, Transmission Fluids, Coolant and Brake Fluid & Greases), and Regional Forecast, 2019-2026)” the market size stood at USD 70.25 billion in 2018. The report automotive lubricants market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about automotive lubricants market position, competition model, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.
Competitive Landscape:
Inauguration of Lubricant Laboratory by Royal Dutch Shell to Propel Market
Royal Dutch Shell, a British-Dutch oil and gas company headquartered in the Netherlands inaugurated the first-ever lubricant laboratory in India. The new lab will help the company to expand and strengthen its R&D activities in the world as well as India. The lab can be play an imperative role in uplifting the automotive lubricants market share during the forecast period due to the technologies to co-engineer products that will help OEMs in improving efficiency and reliability of their equipment along with business development support and maintenance activities of Indian customers. In addition, Country Head, Shell Lubricants India, Mansi Tripathy said in a statement, “OEM partnerships are the main pillars of our technology leadership. At Shell, we are significantly investing in the R&D of lubricants that help us pioneer solutions to support the evolving needs of OEMs and customers." She further added, “the lubricants laboratory is an important milestone in our journey to serve our customers better, accurately matching their requirements. In addition to serving OEMs, this laboratory will also enable us in developing performance data of Shell-branded products relevant to Indian customers. We are proud to lead the way as R&D specialists in serving customers around the world."
Information Source:
https://www.fortunebusinessinsights.com/automotive-lubricants-market-102681
Automotive Lubricants Market Size, Share, Growth Analysis 2029
The global automotive lubricants market is projected to grow from $68.63 billion in 2022 to $76.61 billion in 2029, at a CAGR of 1.6% during the forecast period
page=2&profile_user_id=4417&year=&month=
Load More
