• Iodine Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2027

    The global iodine market size is projected to reach USD 1,283.0 million by the end of 2027. The increasing applications of the product will bode well for market growth. According to a report published by Fortune Business Insights

    Browse Link:

    https://www.fortunebusinessinsights.com/iodine-market-103889
    Iodine Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2027 The global iodine market size is projected to reach USD 1,283.0 million by the end of 2027. The increasing applications of the product will bode well for market growth. According to a report published by Fortune Business Insights Browse Link: https://www.fortunebusinessinsights.com/iodine-market-103889
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    Iodine Market Size, Share & Growth | Forecast [2020-2027]
    The global Iodine market size was $915.9 million in 2019 and is projected to reach $1,283.0 million by 2027, at a CAGR of 4.4% during the forecast period
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  • Automotive Interior Materials The global automotive interior materials market size is anticipated to reach USD66.38 billion by 2026,on account of the increasing production of automobiles worldwide. Automotive interior is the most crucial feature of an automobile that catches the user’s attention. Therefore, it is extremely essential to ensure it meets all safety and maintenance demands of the consumer. A recently published report by Fortune Business Insights™ titled, “Automotive Interior Materials Market Size, Share & Industry Analysis, By Material (Plastics, Fabrics, Composites, Leather {Synthetic and Natural}, and Others), By Application (Dashboard, Seats, Airbags & Seat belts, Door panel & trims, Carpet and headliners, and Others), and Regional Forecast, 2019-2026” offers a detailed analysis of the market and its prime growth parameters. According to the report, the market stood at USD 51.09 billion in 2018 and will rise at a CAGR of 3.84% between 2019 to 2026.

    Objectives of the Report

    360-degree overview of the automotive interior materials market
    Growth parameters such as drivers, restraints, challenges, opportunities that lies ahead of the market
    Table of segmentation and competitive landscape in details
    List of prominent players and their key strategies for maintaining the lion’s share in the market
    Current automotive interior materials market trends

    Regional Segmentation:

    Asia Pacific will Dominate Market Owing to Increasing Adoption of Electric Vehicles

    Geographically, the global automotive interior materials market is categorized into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, Asia Pacific is holding the dominant automotive interior materials market share on account of rapid expansion of the market in countries such as China, South Korea, Thailand, India, and Japan. Moreover, the rise in adoption and sales of e-vehicles will also help this region continue dominating the market in the coming years. The market in Europe ranks second attributed to the increasing popularity of the e-vehicle market. However, North America market generated a significant automotive interior materials market revenue of USD 7,626.7 million in 2018. Growth of this region is attributed to the advent of electric vehicles and steady improvement of the automotive industry in the region. Furthermore, the Latin America market will witness healthy growth owing to the expansion of automotive industry in nations such as Mexico and Brazil.

    List of Notable Automobile Interior Materials Market Manufacturers include:

    Freudenberg Performance Materials
    SEIREN Co., Ltd.
    Yanfeng Automotive Interiors
    Sage Automotive Interiors

    Other Vendors
    KeyIndustry Developments of the Automotive Interior Materials Market Include:

    January 2020 – Adient Plc., a company dealing with automotive interiors manufacturing sold 30% ownership stake in Yanfeng Global Automotive Interior Systems Co.Ltd to Yangfeng and entered into a joint venture until the end of December 2038.

    October 2018 – The Japanese manufacturer for chemicals and materials variety successfully announced the acquiring of Sage https://www.fortunebusinessinsights.com/automotive-interior-materials-market-102540

    Automotive Interior Materials The global automotive interior materials market size is anticipated to reach USD66.38 billion by 2026,on account of the increasing production of automobiles worldwide. Automotive interior is the most crucial feature of an automobile that catches the user’s attention. Therefore, it is extremely essential to ensure it meets all safety and maintenance demands of the consumer. A recently published report by Fortune Business Insights™ titled, “Automotive Interior Materials Market Size, Share & Industry Analysis, By Material (Plastics, Fabrics, Composites, Leather {Synthetic and Natural}, and Others), By Application (Dashboard, Seats, Airbags & Seat belts, Door panel & trims, Carpet and headliners, and Others), and Regional Forecast, 2019-2026” offers a detailed analysis of the market and its prime growth parameters. According to the report, the market stood at USD 51.09 billion in 2018 and will rise at a CAGR of 3.84% between 2019 to 2026. Objectives of the Report 360-degree overview of the automotive interior materials market Growth parameters such as drivers, restraints, challenges, opportunities that lies ahead of the market Table of segmentation and competitive landscape in details List of prominent players and their key strategies for maintaining the lion’s share in the market Current automotive interior materials market trends Regional Segmentation: Asia Pacific will Dominate Market Owing to Increasing Adoption of Electric Vehicles Geographically, the global automotive interior materials market is categorized into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, Asia Pacific is holding the dominant automotive interior materials market share on account of rapid expansion of the market in countries such as China, South Korea, Thailand, India, and Japan. Moreover, the rise in adoption and sales of e-vehicles will also help this region continue dominating the market in the coming years. The market in Europe ranks second attributed to the increasing popularity of the e-vehicle market. However, North America market generated a significant automotive interior materials market revenue of USD 7,626.7 million in 2018. Growth of this region is attributed to the advent of electric vehicles and steady improvement of the automotive industry in the region. Furthermore, the Latin America market will witness healthy growth owing to the expansion of automotive industry in nations such as Mexico and Brazil. List of Notable Automobile Interior Materials Market Manufacturers include: Freudenberg Performance Materials SEIREN Co., Ltd. Yanfeng Automotive Interiors Sage Automotive Interiors Other Vendors KeyIndustry Developments of the Automotive Interior Materials Market Include: January 2020 – Adient Plc., a company dealing with automotive interiors manufacturing sold 30% ownership stake in Yanfeng Global Automotive Interior Systems Co.Ltd to Yangfeng and entered into a joint venture until the end of December 2038. October 2018 – The Japanese manufacturer for chemicals and materials variety successfully announced the acquiring of Sage https://www.fortunebusinessinsights.com/automotive-interior-materials-market-102540
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  • Fuel Additives Market Key Leaders Analysis, Segmentation, Growth, Future Trends, Demands, Emerging Technology by Regional Forecast to 2027

    The global fuel additives market size is projected to reach USD 12,117.8 million by 2028, exhibiting a CAGR of 5.8% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Fuel Additives Market, 2021-2028

    https://www.fortunebusinessinsights.com/fuel-additives-market-102913
    Fuel Additives Market Key Leaders Analysis, Segmentation, Growth, Future Trends, Demands, Emerging Technology by Regional Forecast to 2027 The global fuel additives market size is projected to reach USD 12,117.8 million by 2028, exhibiting a CAGR of 5.8% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Fuel Additives Market, 2021-2028 https://www.fortunebusinessinsights.com/fuel-additives-market-102913
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  • Gaming Market Business Opportunities, Top Manufacture, Growth, Share Report, Size, Regional Analysis and Global Forecast to 2028
    According to Fortune Business Insights™, The global gaming market size is expected to gain momentum by reaching USD 545.98 billion by 2028 while exhibiting a CAGR of 13.20% between 2021 and 2028.

    The gaming market is fragmented by major companies that are focusing on maintaining their presence. They are doing so by proactively investing in R&D activities to develop engaging online video games. Additionally, other key players are adopting organic and inorganic strategies to maintain a stronghold that will contribute to the growth of the market during the forecast period. Online video games have become more prevalent in recent years.

    Most people find online games attractive and a modest way to find free time from their hectic schedules. Moreover, during the pandemic, the inclination toward gaming increased dramatically.  Many companies such as Nintendo and Tencent witnessed an increase in their sales during the first quarter. The former showcased a profit of 41%, as it sold many of its games digitally. The demand for online games will be persistent in upcoming years, and this market is anticipated to boom during the forecast period.

    Report Aim & Scope:

    An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
    The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
    Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
    The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
    The various parameters accelerating the growth of the market are incorporated in the research report.
    The report analyzes growth rate, market size and valuation of the market during the forecast period.
    Driving Factor

    Rising Youth Employment to Spur Demand for Video Games

    The rising millennial youth population is expected to drive the gaming market growth. For instance, a report from the American Association of Advertising Agencies.Org, published in February 2019, mentioned that the generation z population plays games daily. Their number is higher than that of millennials by 84%.  Moreover, rising disposable income is resulting in a higher consumption rate of video games. For instance, the data released by the World Bank.Org, states that the global youth unemployment in 2018 is 15.19% which is a decline from 15.37 % from its prior year.

    Market Segmentation:

    Based on game type, the market is divided into shooter, action, sports, role-playing, and others.

    Based on game type, the shooter segment held a gaming market share of about 23.35% in 2020. The segment is expected to experience considerable growth since it provides 3D realistic graphics. It makes players experience a whole new experience of the virtual world. This fascinating atmosphere provided by battle games is driving the segment market.  


     

    KEY INDUSTRY DEVELOPMENTS:

    December 2019 – Facebook announced the acquisition of Play Giga, which is a Spanish video game company.

    November 2020: Microsoft declared the launch of the next-generation Xbox video game console. The flagship will be launched along with its cheaper counterpart Xbox Series S
    Source:

    https://www.fortunebusinessinsights.com/gaming-market-105730
    Gaming Market Business Opportunities, Top Manufacture, Growth, Share Report, Size, Regional Analysis and Global Forecast to 2028 According to Fortune Business Insights™, The global gaming market size is expected to gain momentum by reaching USD 545.98 billion by 2028 while exhibiting a CAGR of 13.20% between 2021 and 2028. The gaming market is fragmented by major companies that are focusing on maintaining their presence. They are doing so by proactively investing in R&D activities to develop engaging online video games. Additionally, other key players are adopting organic and inorganic strategies to maintain a stronghold that will contribute to the growth of the market during the forecast period. Online video games have become more prevalent in recent years. Most people find online games attractive and a modest way to find free time from their hectic schedules. Moreover, during the pandemic, the inclination toward gaming increased dramatically.  Many companies such as Nintendo and Tencent witnessed an increase in their sales during the first quarter. The former showcased a profit of 41%, as it sold many of its games digitally. The demand for online games will be persistent in upcoming years, and this market is anticipated to boom during the forecast period. Report Aim & Scope: An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report. The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report. Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered. The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe. The various parameters accelerating the growth of the market are incorporated in the research report. The report analyzes growth rate, market size and valuation of the market during the forecast period. Driving Factor Rising Youth Employment to Spur Demand for Video Games The rising millennial youth population is expected to drive the gaming market growth. For instance, a report from the American Association of Advertising Agencies.Org, published in February 2019, mentioned that the generation z population plays games daily. Their number is higher than that of millennials by 84%.  Moreover, rising disposable income is resulting in a higher consumption rate of video games. For instance, the data released by the World Bank.Org, states that the global youth unemployment in 2018 is 15.19% which is a decline from 15.37 % from its prior year. Market Segmentation: Based on game type, the market is divided into shooter, action, sports, role-playing, and others. Based on game type, the shooter segment held a gaming market share of about 23.35% in 2020. The segment is expected to experience considerable growth since it provides 3D realistic graphics. It makes players experience a whole new experience of the virtual world. This fascinating atmosphere provided by battle games is driving the segment market.     KEY INDUSTRY DEVELOPMENTS: December 2019 – Facebook announced the acquisition of Play Giga, which is a Spanish video game company. November 2020: Microsoft declared the launch of the next-generation Xbox video game console. The flagship will be launched along with its cheaper counterpart Xbox Series S Source: https://www.fortunebusinessinsights.com/gaming-market-105730
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    Gaming Market Size, Share, Growth & Industry Trends [2028]
    The global gaming market is projected to grow from $229.16 billion in 2021 to $545.98 billion in 2028 at a CAGR of 13.20% in forecast period, 2021-2028
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  • Dyes and Pigments Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2024
    The global dyes & pigments market size is projected to reach USD 54,644.6 million by 2026, exhibiting a CAGR of 4.9% during the forecast period. Increasing demand for ink for diverse applications will be a central growth driver for this market, shares Fortune Business Insights™ in its report. Inks are essentially liquids that are made from dyes and pigments and serve a variety of purposes such as writing, printing, and tattooing. They are also used to prevent anti-counterfeiting activities. For instance, special inks are manufactured for printing currency notes, which react with the cellulose in the paper and produce inimitable colors and textures, making it almost impossible to replicate. Furthermore, advanced ink-based liquids are being extensively employed in 3D printing operations. Many companies are using these liquids on small- and medium-scale to manufacture customized spare parts for machines, gourmet food products, and prosthetics. Thus, widening applicability of inks and ink-based liquids and pastes will lead the dyes & pigments market trends in the forthcoming years.

    Market Driver

    Rapid Urbanization Worldwide to Fuel the Market

    The dyes & pigments market growth is premised on the fact that there is a rising demand for these ingredients in the paints and coatings industry. The growth of this industry is based on the escalating demand for these materials from the residential and commercial spaces across the globe. One of the major factors causing the proliferation of such spaces is rapid urbanization around the world. According to the UN Department of Economic and Social Affairs (DESA), roughly two-third of the global population will be living in urban areas by 2050, jumping by 13% from the current levels. More importantly, around 90% of this jump will be witnessed in the developing nations of Africa and Asia, where the process of urbanization is getting further intensified by steady economic growth. As a result, expansion of residential and commercial areas in these countries will stoke the demand for dyes & pigments during the forecast period.

    Regional Analysis

    Asia-Pacific to Offer Promising Growth Prospects for the Market

    With a market size of USD 15,050.26 million in 2018, Asia-Pacific is set to dominate the dyes & pigments market share in the coming years. The main factor propelling the market in this region is the expanding middle-class in India and China, which is increasingly demanding higher value textiles, plastics, and other products, thereby augmenting the uptake of dyes and pigments. Furthermore, countries in Asia-Pacific, mainly China, India, Bangladesh, and Vietnam, lead the world production of textiles and with greater investments in the textile industry, their production capacity has risen substantially in the past few years. With the majority of these products being exported to Europe and North America, the demand for dyes and pigments is surging in the developed countries.

    Competitive Landscape

    Major Players to Employ Position Strengthening Mechanisms

    According to the dyes & pigments market analysis, key players are singularly focusing on solidifying their position in this market through widening of product portfolio and investment in R&D activities. Another strategy that is being favored by companies is mergers and acquisitions in an attempt to broaden their business horizons.

    Industry Developments:

    September 2019: DIC Corporation, the Japanese chemical company, completed its successful takeover of the Germany-based BASF’s pigments business division, BASF Colors & Effects (BCE). DIC’s aim behind this acquisition to widen its pigment portfolio for cosmetics, plastics, inks, and electronic displays, among others, and lead the global pigment industry.
    May 2018: The Swiss specialty chemicals major Clariant unveiled Ink Jet Orange GR VP6102 and Ink Jet Magenta E-S VP6057, its two innovative inkjet ink pigments, at the FESPA 2018 in Berlin. These products can be used in solvent-, UV-, and water-based inks and can be applied in outdoor and indoor settings with equal efficacy.
    Source:https://www.fortunebusinessinsights.com/dyes-pigments-market-102333
    Dyes and Pigments Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2024 The global dyes & pigments market size is projected to reach USD 54,644.6 million by 2026, exhibiting a CAGR of 4.9% during the forecast period. Increasing demand for ink for diverse applications will be a central growth driver for this market, shares Fortune Business Insights™ in its report. Inks are essentially liquids that are made from dyes and pigments and serve a variety of purposes such as writing, printing, and tattooing. They are also used to prevent anti-counterfeiting activities. For instance, special inks are manufactured for printing currency notes, which react with the cellulose in the paper and produce inimitable colors and textures, making it almost impossible to replicate. Furthermore, advanced ink-based liquids are being extensively employed in 3D printing operations. Many companies are using these liquids on small- and medium-scale to manufacture customized spare parts for machines, gourmet food products, and prosthetics. Thus, widening applicability of inks and ink-based liquids and pastes will lead the dyes & pigments market trends in the forthcoming years. Market Driver Rapid Urbanization Worldwide to Fuel the Market The dyes & pigments market growth is premised on the fact that there is a rising demand for these ingredients in the paints and coatings industry. The growth of this industry is based on the escalating demand for these materials from the residential and commercial spaces across the globe. One of the major factors causing the proliferation of such spaces is rapid urbanization around the world. According to the UN Department of Economic and Social Affairs (DESA), roughly two-third of the global population will be living in urban areas by 2050, jumping by 13% from the current levels. More importantly, around 90% of this jump will be witnessed in the developing nations of Africa and Asia, where the process of urbanization is getting further intensified by steady economic growth. As a result, expansion of residential and commercial areas in these countries will stoke the demand for dyes & pigments during the forecast period. Regional Analysis Asia-Pacific to Offer Promising Growth Prospects for the Market With a market size of USD 15,050.26 million in 2018, Asia-Pacific is set to dominate the dyes & pigments market share in the coming years. The main factor propelling the market in this region is the expanding middle-class in India and China, which is increasingly demanding higher value textiles, plastics, and other products, thereby augmenting the uptake of dyes and pigments. Furthermore, countries in Asia-Pacific, mainly China, India, Bangladesh, and Vietnam, lead the world production of textiles and with greater investments in the textile industry, their production capacity has risen substantially in the past few years. With the majority of these products being exported to Europe and North America, the demand for dyes and pigments is surging in the developed countries. Competitive Landscape Major Players to Employ Position Strengthening Mechanisms According to the dyes & pigments market analysis, key players are singularly focusing on solidifying their position in this market through widening of product portfolio and investment in R&D activities. Another strategy that is being favored by companies is mergers and acquisitions in an attempt to broaden their business horizons. Industry Developments: September 2019: DIC Corporation, the Japanese chemical company, completed its successful takeover of the Germany-based BASF’s pigments business division, BASF Colors & Effects (BCE). DIC’s aim behind this acquisition to widen its pigment portfolio for cosmetics, plastics, inks, and electronic displays, among others, and lead the global pigment industry. May 2018: The Swiss specialty chemicals major Clariant unveiled Ink Jet Orange GR VP6102 and Ink Jet Magenta E-S VP6057, its two innovative inkjet ink pigments, at the FESPA 2018 in Berlin. These products can be used in solvent-, UV-, and water-based inks and can be applied in outdoor and indoor settings with equal efficacy. Source:https://www.fortunebusinessinsights.com/dyes-pigments-market-102333
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    Dyes and Pigments Market Size, Share | Global Report, 2026
    The global dyes and pigments market Size was valued at USD 37.76 billion in 2018 and is projected to reach USD 54.64 billion by 2026, exhibiting a CAGR of 4.9% during the forecast period.
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  • Face Shields Market Report, Price, Segmentation, Development, Forecast by 2028

    The global noble gases industry size is expected to reach USD 53.71 billion by 2028, exhibiting a CAGR of 3.89% during the forecast period. “Noble Gases Market, 2021-2028.” The market size stood at USD 40.34 billion in 2020.

    Information Source:
    https://www.fortunebusinessinsights.com/noble-gas-market-105657

    Face Shields Market Report, Price, Segmentation, Development, Forecast by 2028 The global noble gases industry size is expected to reach USD 53.71 billion by 2028, exhibiting a CAGR of 3.89% during the forecast period. “Noble Gases Market, 2021-2028.” The market size stood at USD 40.34 billion in 2020. Information Source: https://www.fortunebusinessinsights.com/noble-gas-market-105657
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  • Carbon Fiber Market Size, Share, Analysis, Overview, Key Players Profiles, Trends, Development, Price, Segmentation, Research Report, Demand, Growth, Outlook and Forecast 2021-2028
    As per a Published report by Fortune Business Insights™, the global carbon fiber market share is projected to reach USD 4,088.8 million by 2028. The high demand for automotive, coupled with the rising need for lightweight vehicles are expected to bolster growth. As per the India Brand Equity Foundation (IBEF), the sales of passenger vehicles surged by 14.19% in India in October 2020, compared to 2019. Fortune Business Insights™ presented this information in a new report, titled, “Carbon Fiber Market, 2021-2028.”

    In January 2020, Solvay partnered up with SGL Carbon to develop high-performance composite materials to build lighter airplanes. The decision was taken because of the urgent need to reduce the aircraft’s weight and reduce emissions in the atmosphere. As per a company official, “This partnership will help us to create a new carbon fiber composite material for the aviation industry. As this is only the beginning, we are screening these materials for using them in one of our programs. The era of lightweight aircraft is about to take off to a whole new level.”

    Closure of Manufacturing Facilities amid COVID-19 Pandemic to Obstruct Growth

    The automobile industry was affected severely because of the COVID-19 pandemic. In Japan, South Korea, Italy, U.K., Germany, and U.S., automakers showcased a direct impact of the pandemic in 2020. It is compelling OEMs to strengthen their supply chains owing to disruptions. At the same time, a wide range of industries have shut down their manufacturing facilities to prevent transmission.

    Report Coverage-

    The report included four significant measures in estimating the current market size. Exhaustive secondary research was conducted to collect information about the parent market. Our next step included primary research to authenticate these sizing, assumptions, and findings with various industry experts. We have also used bottom-up and top-down approaches to calculate the size of this industry.

    Drivers & Restraints-

    Rising Usage of CFRP to Manufacture Lightweight Vehicles will Favor Growth

    Numerous companies are investing huge sums in developing processes to lower the weight of vehicles. Therefore, the usage of carbon fiber reinforced polymer (CFRP) has increased in high-end supercars. CFRP has a density as low as 1.6g/cc and possesses an excellent strength-to-weight ratio. Also, lightweight cars can save around 6% to 8% of fuels and have much better fuel efficiency. These factors are anticipated to accelerate the carbon fiber market growth in the upcoming years. However, the cost of this fiber is very high. It mainly depends on the cost of the precursor and the yield, which, in turn, may obstruct growth.

    Segmentation-

    Europe to Lead Backed by Increasing Presence of Electric Vehicle Manufacturers

    North America: The increasing need to use renewable resources has resulted in the surging installation of wind farms in North America. Additionally, lightweight carbon fiber is extensively used in the aviation sector of this region.
    Asia Pacific: The region is expected to showcase considerable growth on account of the rising government spending on multiple infrastructure projects and rapid urbanization. Apart from that, China is exhibiting the higher utilization of construction composites in the construction of houses, bridges, and tunnels.
    Europe: The market in this region stood at USD 756.5 million in 2020 in terms of revenue. It is expected to dominate throughout the forthcoming years because of the rising expenditure of automakers in R&D activities to create affordable and effective carbon composite materials. Besides, the presence of numerous electric car manufacturers in the region would propel growth.
    Competitive Landscape-

    Key Companies Aim to Intensify Competition through Acquisitions and New Product Launches

    The global market for carbon fiber houses several companies, such as Teijin Limited, Toray Industries, and ZOLTEK Corporation. They are majorly focusing on purchasing local firms, launching state-of-the-art products, or partnering up with reputed organizations. Below is one of the latest industry developments:

    Source: https://www.fortunebusinessinsights.com/industry-reports/carbon-fiber-market-101719
    Carbon Fiber Market Size, Share, Analysis, Overview, Key Players Profiles, Trends, Development, Price, Segmentation, Research Report, Demand, Growth, Outlook and Forecast 2021-2028 As per a Published report by Fortune Business Insights™, the global carbon fiber market share is projected to reach USD 4,088.8 million by 2028. The high demand for automotive, coupled with the rising need for lightweight vehicles are expected to bolster growth. As per the India Brand Equity Foundation (IBEF), the sales of passenger vehicles surged by 14.19% in India in October 2020, compared to 2019. Fortune Business Insights™ presented this information in a new report, titled, “Carbon Fiber Market, 2021-2028.” In January 2020, Solvay partnered up with SGL Carbon to develop high-performance composite materials to build lighter airplanes. The decision was taken because of the urgent need to reduce the aircraft’s weight and reduce emissions in the atmosphere. As per a company official, “This partnership will help us to create a new carbon fiber composite material for the aviation industry. As this is only the beginning, we are screening these materials for using them in one of our programs. The era of lightweight aircraft is about to take off to a whole new level.” Closure of Manufacturing Facilities amid COVID-19 Pandemic to Obstruct Growth The automobile industry was affected severely because of the COVID-19 pandemic. In Japan, South Korea, Italy, U.K., Germany, and U.S., automakers showcased a direct impact of the pandemic in 2020. It is compelling OEMs to strengthen their supply chains owing to disruptions. At the same time, a wide range of industries have shut down their manufacturing facilities to prevent transmission. Report Coverage- The report included four significant measures in estimating the current market size. Exhaustive secondary research was conducted to collect information about the parent market. Our next step included primary research to authenticate these sizing, assumptions, and findings with various industry experts. We have also used bottom-up and top-down approaches to calculate the size of this industry. Drivers & Restraints- Rising Usage of CFRP to Manufacture Lightweight Vehicles will Favor Growth Numerous companies are investing huge sums in developing processes to lower the weight of vehicles. Therefore, the usage of carbon fiber reinforced polymer (CFRP) has increased in high-end supercars. CFRP has a density as low as 1.6g/cc and possesses an excellent strength-to-weight ratio. Also, lightweight cars can save around 6% to 8% of fuels and have much better fuel efficiency. These factors are anticipated to accelerate the carbon fiber market growth in the upcoming years. However, the cost of this fiber is very high. It mainly depends on the cost of the precursor and the yield, which, in turn, may obstruct growth. Segmentation- Europe to Lead Backed by Increasing Presence of Electric Vehicle Manufacturers North America: The increasing need to use renewable resources has resulted in the surging installation of wind farms in North America. Additionally, lightweight carbon fiber is extensively used in the aviation sector of this region. Asia Pacific: The region is expected to showcase considerable growth on account of the rising government spending on multiple infrastructure projects and rapid urbanization. Apart from that, China is exhibiting the higher utilization of construction composites in the construction of houses, bridges, and tunnels. Europe: The market in this region stood at USD 756.5 million in 2020 in terms of revenue. It is expected to dominate throughout the forthcoming years because of the rising expenditure of automakers in R&D activities to create affordable and effective carbon composite materials. Besides, the presence of numerous electric car manufacturers in the region would propel growth. Competitive Landscape- Key Companies Aim to Intensify Competition through Acquisitions and New Product Launches The global market for carbon fiber houses several companies, such as Teijin Limited, Toray Industries, and ZOLTEK Corporation. They are majorly focusing on purchasing local firms, launching state-of-the-art products, or partnering up with reputed organizations. Below is one of the latest industry developments: Source: https://www.fortunebusinessinsights.com/industry-reports/carbon-fiber-market-101719
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    Carbon Fiber Market Size, Share, Trends & Analysis [2021-2028]
    The global carbon fiber market is projected to grow from $2,339.4 million in 2021 to $4,088.8 million in 2028 at a CAGR of 8.3% during the forecast period
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  • Ceramic Tiles Market Segmentation & Analysis, Industry Growth Forecast 2020–2026
    As per a report published by Fortune Business Insights The global ceramic tiles market size is projected to reach USD 82.83 billion by 2026, attributable to rise in construction activities worldwide. Ceramic tiles offer functions such as scratch-resistance, slip-resistance, cracking-resistance, and are appealing aesthetically. Fortune Business insights™ provide a comprehensive overview of the market in their recently published report The ceramic tiles market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026.

    Key Drivers

    Government-supported Initiatives to Improve Existing Infrastructure will Bode Well for Market

    Moreover, the rise in disposable incomes of people, coupled with the rapid industrialization and modernization, propelled people to renovate and reconstruct existing homes and commercial spaces. Furthermore, the advent and rising popularity of customizable and digitally printed ceramic tiles and the currently trending phase of interior decorations will further help the market generate high revenue in the forthcoming years. Increasing construction and renovation activities worldwide is a significant factor propelling the ceramic tiles market growth. This, coupled with the rise in government initiatives to improve public recreational spaces such as hospitals, schools, and public transport, are likely to aid in the expansion of the market.

    Regional Segmentation:

    Asia Pacific to Emerge Dominant Owing to Rapid Construction and Renovation Activities

    On the other side, the market in North America will witness significant growth in the forecast period owing to the rising trend of customization and personalization for households and commercial spaces in the developed nations of the region. In 2018, this region earned USD 4.00 billion. Furthermore, the increasing demand for energy-efficient and green buildings for utilization as government and business offices are likely to add impetus to the market in the coming years.

    Geographically, Asia Pacific emerged as the largest ceramic tiles market shareholder on account of the presence of the largest consumer and manufacturer in the region. Additionally, the rapidly evolving construction industry is also making a considerable contribution to the market in terms of the increasing trend for construction and renovation activities in the region.

    Competitive Landscape:

    Players to Focus on Maintaining a Diverse Product Portfolio

    The market for ceramic tiles is highly fragmented in nature due to the presence of many players. Major companies operating in the market are focusing on the launch of innovative products differing in style, design, size, and every aspect from the others. Therefore, vendors are making massive investments for the same to stand out in the competition and attract substantial ceramic tiles market revenues in the forecast period. Apart from this, companies are also trying to expand their geographical presence and are thus taking initiatives for the same.

    Key Industry Developments of Aerospace Fasteners Market Include:

    October 2019 – A new set of seven tile varieties were launched by Mohawk Industries Inc. under the name of Daltile. Each of these tiles differed in size, shape, design, style, and color,and this innovation in tile production is likely to create a diverse portfolio for the company.

    February 2020 – One of the biggest tile showrooms was inaugurated in Hyderabad by Kajaria Ceramics Limited. The major objective behind this launch was to improve the distribution channel of the company all over India.


    Source: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377
    Ceramic Tiles Market Segmentation & Analysis, Industry Growth Forecast 2020–2026 As per a report published by Fortune Business Insights The global ceramic tiles market size is projected to reach USD 82.83 billion by 2026, attributable to rise in construction activities worldwide. Ceramic tiles offer functions such as scratch-resistance, slip-resistance, cracking-resistance, and are appealing aesthetically. Fortune Business insights™ provide a comprehensive overview of the market in their recently published report The ceramic tiles market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026. Key Drivers Government-supported Initiatives to Improve Existing Infrastructure will Bode Well for Market Moreover, the rise in disposable incomes of people, coupled with the rapid industrialization and modernization, propelled people to renovate and reconstruct existing homes and commercial spaces. Furthermore, the advent and rising popularity of customizable and digitally printed ceramic tiles and the currently trending phase of interior decorations will further help the market generate high revenue in the forthcoming years. Increasing construction and renovation activities worldwide is a significant factor propelling the ceramic tiles market growth. This, coupled with the rise in government initiatives to improve public recreational spaces such as hospitals, schools, and public transport, are likely to aid in the expansion of the market. Regional Segmentation: Asia Pacific to Emerge Dominant Owing to Rapid Construction and Renovation Activities On the other side, the market in North America will witness significant growth in the forecast period owing to the rising trend of customization and personalization for households and commercial spaces in the developed nations of the region. In 2018, this region earned USD 4.00 billion. Furthermore, the increasing demand for energy-efficient and green buildings for utilization as government and business offices are likely to add impetus to the market in the coming years. Geographically, Asia Pacific emerged as the largest ceramic tiles market shareholder on account of the presence of the largest consumer and manufacturer in the region. Additionally, the rapidly evolving construction industry is also making a considerable contribution to the market in terms of the increasing trend for construction and renovation activities in the region. Competitive Landscape: Players to Focus on Maintaining a Diverse Product Portfolio The market for ceramic tiles is highly fragmented in nature due to the presence of many players. Major companies operating in the market are focusing on the launch of innovative products differing in style, design, size, and every aspect from the others. Therefore, vendors are making massive investments for the same to stand out in the competition and attract substantial ceramic tiles market revenues in the forecast period. Apart from this, companies are also trying to expand their geographical presence and are thus taking initiatives for the same. Key Industry Developments of Aerospace Fasteners Market Include: October 2019 – A new set of seven tile varieties were launched by Mohawk Industries Inc. under the name of Daltile. Each of these tiles differed in size, shape, design, style, and color,and this innovation in tile production is likely to create a diverse portfolio for the company. February 2020 – One of the biggest tile showrooms was inaugurated in Hyderabad by Kajaria Ceramics Limited. The major objective behind this launch was to improve the distribution channel of the company all over India. Source: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Ceramic Tiles Market Size, Growth, Share | Global Report 2026
    The global ceramic tiles market size valued at USD 57.26 billion in 2018 and is projected to reach USD 82.83 billion by 2026, exhibiting a CAGR of 4.7% during the forecast period 2019 - 2026
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  • Ferromanganese Market Future Business Growth by 2028, Fortune Business Insights™The global ferromanganese market size is expected to gain momentum by reaching USD 96.08 billion by 2028 from USD 73.12 billion in 2021 while exhibiting a CAGR of 4% between 2021 to 2028. In its report titled, “Ferromanganese Market, 2021-2028,”
    Fortune Business Insights™ mentions that the ferromanganese market stood at USD 70.85 billion in 2020.
    The use of ferromanganese materials is in a wide variety of industries, such as construction, mining, machinery, and consumer and goods. Thus various applications are boosting its market. In addition, growing environmental concerns led manufacturers to develop advanced use of these materials in energy-efficient, cost-effective, and lightweight vehicles suggests American Iron and Steel Institute as advanced high-strength steels (AHSS) are strong, lighter in weight, and helps in decreasing a vehicle’s life-long carbon footprint.
    COVID-19 Impact
    The pandemic crippled the global economy worldwide. It affected the minerals and mining industry as well due to a mismatch in demand and supply chain. Moreover, the construction activities were also at a halt amid the lockdown. All this impacted the market negatively, and therefore, and the market witnessed a decline of 4.7%. However, this market is expected to come at pre-pandemic levels during the forecast period.
    Market Segmentation:
    By grade, the market is segmented into high carbon FeMn, medium carbon FeMn and low carbon FeMn. By application, the market is divided into iron & steel, alloy steel, and others. The alloy steel segment procured 14.78% in 2020 in terms of share.
    Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
    What does the Report Provide?
    The research report of the market for ferromanganese provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the ferromanganese market growth.
    Driving Factors
    The Availability of Sustainable Ores to Drive Market Growth
    The availability of sustainable ores is raising the production of ferromanganese. For instance, natural gases which are rich in methane are more sustainable than solid carbon for their reduction. Moreover, the integrated duplex process makes it much simpler in yielding hydrogen and carbon from a molten metal bath that reduces magnesium oxide (MnO) from a coexisting molten slag. It is produced from the smelting of Mn ore. Therefore, the duplex process is known to be the most sustainable one, as it lowers 40% of CO2 emission than SAF and around 50% less electric energy consumption.
    Browse summary:
    https://www.fortunebusinessinsights.com/ferromanganese-market-105737
    Ferromanganese Market Future Business Growth by 2028, Fortune Business Insights™The global ferromanganese market size is expected to gain momentum by reaching USD 96.08 billion by 2028 from USD 73.12 billion in 2021 while exhibiting a CAGR of 4% between 2021 to 2028. In its report titled, “Ferromanganese Market, 2021-2028,” Fortune Business Insights™ mentions that the ferromanganese market stood at USD 70.85 billion in 2020. The use of ferromanganese materials is in a wide variety of industries, such as construction, mining, machinery, and consumer and goods. Thus various applications are boosting its market. In addition, growing environmental concerns led manufacturers to develop advanced use of these materials in energy-efficient, cost-effective, and lightweight vehicles suggests American Iron and Steel Institute as advanced high-strength steels (AHSS) are strong, lighter in weight, and helps in decreasing a vehicle’s life-long carbon footprint. COVID-19 Impact The pandemic crippled the global economy worldwide. It affected the minerals and mining industry as well due to a mismatch in demand and supply chain. Moreover, the construction activities were also at a halt amid the lockdown. All this impacted the market negatively, and therefore, and the market witnessed a decline of 4.7%. However, this market is expected to come at pre-pandemic levels during the forecast period. Market Segmentation: By grade, the market is segmented into high carbon FeMn, medium carbon FeMn and low carbon FeMn. By application, the market is divided into iron & steel, alloy steel, and others. The alloy steel segment procured 14.78% in 2020 in terms of share. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. What does the Report Provide? The research report of the market for ferromanganese provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the ferromanganese market growth. Driving Factors The Availability of Sustainable Ores to Drive Market Growth The availability of sustainable ores is raising the production of ferromanganese. For instance, natural gases which are rich in methane are more sustainable than solid carbon for their reduction. Moreover, the integrated duplex process makes it much simpler in yielding hydrogen and carbon from a molten metal bath that reduces magnesium oxide (MnO) from a coexisting molten slag. It is produced from the smelting of Mn ore. Therefore, the duplex process is known to be the most sustainable one, as it lowers 40% of CO2 emission than SAF and around 50% less electric energy consumption. Browse summary: https://www.fortunebusinessinsights.com/ferromanganese-market-105737
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Ferromanganese Market Size, Share | Growth Report, 2028
    The global ferromanganese market is projected to grow from $73.12 billion in 2021 to $96.08 billion in 2028 at a CAGR of 4% in forecast period, 2021-2028
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  • Pest Control Market Share, Growth, Size, Analysis, Strategies, Segmentation Forecast by 2027
    The global pest control market size is anticipated to witness substantial growth on account of the increasing rodent population and reach USD 31.94 billion by 2027. The change in climatic conditions and the rapidly growing population of rodents worldwide have increased the demand for pest control worldwide. As per a recently published report by Fortune Business Insights titled, “Pest Control Market Size, Share & Industry Analysis, By Pest Type (Insects, Termites, Rodents, Others), Method (Chemical, Mechanical, and Biological), Application (Residential, Commercial, and Industrial), and Regional Forecast, 2020 - 2027,” the market value was USD 19.73 billion in 2019 and is anticipated to rise at a CAGR of 6.31% during the forecast period, 2020 to 2027.
    Read Related News:
    https://www.globenewswire.com/news-release/2020/06/05/2044136/0/en/Pest-Control-Market-Size-Worth-USD-31-94-Billion-by-2027-Rising-Adoption-of-Pest-Control-Software-will-Add-Impetus-to-Market-Says-Fortune-Business-Insights.html
    Information Source:
    https://www.fortunebusinessinsights.com/pest-control-market-102854
    Pest Control Market Share, Growth, Size, Analysis, Strategies, Segmentation Forecast by 2027 The global pest control market size is anticipated to witness substantial growth on account of the increasing rodent population and reach USD 31.94 billion by 2027. The change in climatic conditions and the rapidly growing population of rodents worldwide have increased the demand for pest control worldwide. As per a recently published report by Fortune Business Insights titled, “Pest Control Market Size, Share & Industry Analysis, By Pest Type (Insects, Termites, Rodents, Others), Method (Chemical, Mechanical, and Biological), Application (Residential, Commercial, and Industrial), and Regional Forecast, 2020 - 2027,” the market value was USD 19.73 billion in 2019 and is anticipated to rise at a CAGR of 6.31% during the forecast period, 2020 to 2027. Read Related News: https://www.globenewswire.com/news-release/2020/06/05/2044136/0/en/Pest-Control-Market-Size-Worth-USD-31-94-Billion-by-2027-Rising-Adoption-of-Pest-Control-Software-will-Add-Impetus-to-Market-Says-Fortune-Business-Insights.html Information Source: https://www.fortunebusinessinsights.com/pest-control-market-102854
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