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  • Hot Melt Adhesives Market is Projected to Show Profitable Expansions Over the forecast period 2022 to 2027 Along with COVID 19 Impact
    The global hot melt adhesives market size is expected to reach USD 9,702.2 million by 2027, exhibiting a CAGR of 5.3% during the forecast period. The growing need for advanced products coupled with favorable government policies are factors expected to aid expansion of the global market, states Fortune Business Insights, in a report, titled “Hot Melt Adhesives Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyolefin, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester, and Others), By Application (Packaging, Assembly, Woodworking, Transportation, Building & Construction, Footwear & Leather, Nonwovens, Bookbinding, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 6,745.2 million in 2019.

    Market Driver:

    Increasing Application of Hot Melt Adhesives to Enable Speedy Expansion

    The increasing application of HMAs owing to its advantages such as high productivity induced by process automation, a wide variety of applicability, eco-friendliness, and re-adhesion possibility will have a tremendous impact on this market. The shift from solvent-based adhesive or water-based adhesive to hot-melt adhesive owing to its high-speed adhesion will spur demand in the forthcoming years. For instance, during solidification, HMAs do not lose thickness, whereas solvent-based hot melt adhesives can lose up to 50-70% of layer thickness during the drying process. Moreover, its high efficacy reduces the amount of material used, thereby resulting in low labor costs. The hot-melt adhesive exhibits significant advantages compared to conventional solvent-based adhesives that typically require evaporation and removal of solvents or polymerization to bind substrates together. Hence, the growing utilization of HMA in end-use industries will positively foster the market's healthy growth.


    Shortage of Workers to Retard Business Development amid Coronavirus

    A temporary halt on operations has negatively impacted the global market. The automotive industry experienced a massive hit due to the disruption caused by the coronavirus. For instance, PSA, Renault, and Fiat Chrysler closed their production at their manufacturing plants. Renault halted manufacturing through 12 production sites affecting about 18,000 workers in France. Similarly, the construction industry was destructively impacted by the pandemic. However, high government spending on infrastructure and affordable housing for residents is expected to stabilize the hot melt adhesives market growth in the near future.


    Regional Analysis:

    Booming Construction Industry to Consolidate Market in Asia Pacific

    The market size in Asia Pacific stood at USD 3,138.3 million in 2019. Asia Pacific is expected to dominate the global hot melt adhesives market share during the forecast period. The increasing use of hot melt adhesives in emerging economies such as India, Japan, and China will favor the market in the region. The furniture and building industries are expected to contribute significantly to the growth of the market. The heavy investment in infrastructure is likely to create lucrative opportunities for the market in Asia Pacific. The rapidly expanding packaging industry will spur demand for HMA, thus aiding the market growth in Asia Pacific.

    Browse In-depth Summary of This Research Insight@

    https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724
    Hot Melt Adhesives Market is Projected to Show Profitable Expansions Over the forecast period 2022 to 2027 Along with COVID 19 Impact The global hot melt adhesives market size is expected to reach USD 9,702.2 million by 2027, exhibiting a CAGR of 5.3% during the forecast period. The growing need for advanced products coupled with favorable government policies are factors expected to aid expansion of the global market, states Fortune Business Insights, in a report, titled “Hot Melt Adhesives Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyolefin, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester, and Others), By Application (Packaging, Assembly, Woodworking, Transportation, Building & Construction, Footwear & Leather, Nonwovens, Bookbinding, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 6,745.2 million in 2019. Market Driver: Increasing Application of Hot Melt Adhesives to Enable Speedy Expansion The increasing application of HMAs owing to its advantages such as high productivity induced by process automation, a wide variety of applicability, eco-friendliness, and re-adhesion possibility will have a tremendous impact on this market. The shift from solvent-based adhesive or water-based adhesive to hot-melt adhesive owing to its high-speed adhesion will spur demand in the forthcoming years. For instance, during solidification, HMAs do not lose thickness, whereas solvent-based hot melt adhesives can lose up to 50-70% of layer thickness during the drying process. Moreover, its high efficacy reduces the amount of material used, thereby resulting in low labor costs. The hot-melt adhesive exhibits significant advantages compared to conventional solvent-based adhesives that typically require evaporation and removal of solvents or polymerization to bind substrates together. Hence, the growing utilization of HMA in end-use industries will positively foster the market's healthy growth. Shortage of Workers to Retard Business Development amid Coronavirus A temporary halt on operations has negatively impacted the global market. The automotive industry experienced a massive hit due to the disruption caused by the coronavirus. For instance, PSA, Renault, and Fiat Chrysler closed their production at their manufacturing plants. Renault halted manufacturing through 12 production sites affecting about 18,000 workers in France. Similarly, the construction industry was destructively impacted by the pandemic. However, high government spending on infrastructure and affordable housing for residents is expected to stabilize the hot melt adhesives market growth in the near future. Regional Analysis: Booming Construction Industry to Consolidate Market in Asia Pacific The market size in Asia Pacific stood at USD 3,138.3 million in 2019. Asia Pacific is expected to dominate the global hot melt adhesives market share during the forecast period. The increasing use of hot melt adhesives in emerging economies such as India, Japan, and China will favor the market in the region. The furniture and building industries are expected to contribute significantly to the growth of the market. The heavy investment in infrastructure is likely to create lucrative opportunities for the market in Asia Pacific. The rapidly expanding packaging industry will spur demand for HMA, thus aiding the market growth in Asia Pacific. Browse In-depth Summary of This Research Insight@ https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724
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    Hot Melt Adhesives Market Size, Share, Growth & Trends [2029]
    The global hot melt adhesives market is projected to grow from $7.10 billion in 2022 to $10.10 billion by 2029, at a CAGR of 5.2% in forecast period, 2022-2029
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  • Which Companies Are Leading The Industrial Alcohol Market In 2029

    The report also helps in understanding Industrial Alcohol Market dynamics, structure by analyzing the market segments and projects the Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Industrial Alcohol Market make the report investor’s.

    Industrial Alcohol Market is expected to grow at a CAGR of 8.5% during the forecast period and is expected to reach US$ 256.39 Bn by 2029.

    Download PDF Brochure: https://www.maximizemarketresearch.com/request-sample/13472

    Market Scope:

    The research technique used to analyze and forecast the Industrial Alcohol Market begins with secondary research utilizing sources that collect revenue data from important suppliers. When estimating market segmentation, the vendor offerings are also taken into account. Using the bottom-up technique, the total size of the Industrial Alcohol market was determined using the income of important firms.

    Industrial Alcohol Market Overview:

    The goal of this research is to give a comprehensive analysis of the Industrial Alcohol market by component, application, industry, and geography. The paper goes into great detail on the major variables impacting the growth of the Industrial Alcohol market. The report also provides a thorough examination of the market's value chain.

    Request Sample Pages: https://www.maximizemarketresearch.com/request-sample/13472

    Segmentation:

    The industry is thoroughly studied by several segments in the report from Maximize Market Research. Isopropyl alcohol, methyl alcohol, ethyl alcohol, isobutyl alcohol, benzyl alcohol, and others are the several product categories into which the industrial alcohol market is divided. The industrial alcohol market is now dominated by ethanol, with methanol coming in second. Methanol is a fuel additive and is used to create formaldehyde. Alcoholic beverages, gasoline additives, and solvents all require ethanol. Alcohols such as propanol, butanol, and isobutyl alcohol are used as solvents and solvent precursors.

    Key Players:

    The major players covered in the Industrial Alcohol market report are:

    • Green Plains Inc.
    • Birla Sugar
    • Cristalco
    • Greenfield Specialty Alcohols
    • Flint Hills Resources
    • Sigma Aldrich

    Regional Analysis:

    Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

    COVID-19 Impact Analysis on Industrial Alcohol Market:

    The COVID-19 outbreak has affected industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Industrial Alcohol market as a whole, as well as the growth rate in 2019-2020 as the impact of COVID-19 spreads. Our most recent investigation, viewpoints, and pieces of administration knowledge are vital to the firms and associations in the Industrial Alcohol sector, which is driving through the COVID-19 emergency to handle the risk of digitizing jobs in order to communicate trustworthy data and experiences to CEOs.

    Key Questions Answered in the Industrial Alcohol Market Report are:

    Which segment grabbed the largest share in the Industrial Alcohol market
    How was the competitive scenario of the Industrial Alcohol market in 2020
    Which are the key factors responsible for the Industrial Alcohol market growth
    Which region held the maximum share in the Industrial Alcohol market in 2020
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    About Us :

    Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.

    Contact Us :

    MAXIMIZE MARKET RESEARCH PVT. LTD.
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    Pune Bangalore Highway,
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    Tungsten Market : https://www.maximizemarketresearch.com/market-report/global-tungsten-market/25066/
    Which Companies Are Leading The Industrial Alcohol Market In 2029? The report also helps in understanding Industrial Alcohol Market dynamics, structure by analyzing the market segments and projects the Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Industrial Alcohol Market make the report investor’s. Industrial Alcohol Market is expected to grow at a CAGR of 8.5% during the forecast period and is expected to reach US$ 256.39 Bn by 2029. Download PDF Brochure: https://www.maximizemarketresearch.com/request-sample/13472 Market Scope: The research technique used to analyze and forecast the Industrial Alcohol Market begins with secondary research utilizing sources that collect revenue data from important suppliers. When estimating market segmentation, the vendor offerings are also taken into account. Using the bottom-up technique, the total size of the Industrial Alcohol market was determined using the income of important firms. Industrial Alcohol Market Overview: The goal of this research is to give a comprehensive analysis of the Industrial Alcohol market by component, application, industry, and geography. The paper goes into great detail on the major variables impacting the growth of the Industrial Alcohol market. The report also provides a thorough examination of the market's value chain. Request Sample Pages: https://www.maximizemarketresearch.com/request-sample/13472 Segmentation: The industry is thoroughly studied by several segments in the report from Maximize Market Research. Isopropyl alcohol, methyl alcohol, ethyl alcohol, isobutyl alcohol, benzyl alcohol, and others are the several product categories into which the industrial alcohol market is divided. The industrial alcohol market is now dominated by ethanol, with methanol coming in second. Methanol is a fuel additive and is used to create formaldehyde. Alcoholic beverages, gasoline additives, and solvents all require ethanol. Alcohols such as propanol, butanol, and isobutyl alcohol are used as solvents and solvent precursors. Key Players: The major players covered in the Industrial Alcohol market report are: • Green Plains Inc. • Birla Sugar • Cristalco • Greenfield Specialty Alcohols • Flint Hills Resources • Sigma Aldrich Regional Analysis: Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually. COVID-19 Impact Analysis on Industrial Alcohol Market: The COVID-19 outbreak has affected industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Industrial Alcohol market as a whole, as well as the growth rate in 2019-2020 as the impact of COVID-19 spreads. Our most recent investigation, viewpoints, and pieces of administration knowledge are vital to the firms and associations in the Industrial Alcohol sector, which is driving through the COVID-19 emergency to handle the risk of digitizing jobs in order to communicate trustworthy data and experiences to CEOs. Key Questions Answered in the Industrial Alcohol Market Report are: Which segment grabbed the largest share in the Industrial Alcohol market? How was the competitive scenario of the Industrial Alcohol market in 2020? Which are the key factors responsible for the Industrial Alcohol market growth? Which region held the maximum share in the Industrial Alcohol market in 2020? Request a FREE PDF Sample Report : https://www.maximizemarketresearch.com/request-sample/13472 About Us : Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors. Contact Us : MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2, Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India. More Related Reports : Tungsten Market : https://www.maximizemarketresearch.com/market-report/global-tungsten-market/25066/
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  • The global textile chemicals market size is projected to reach USD 26.40 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of the growth of the market. According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period, 2020-2027.

    The recent coronavirus outbreak has created a sense of panic across the world. This has led to a shutdown in major businesses across the world. 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.

    Browse Complete Report Summary:

    https://www.fortunebusinessinsights.com/textile-chemicals-market-103284

    The global textile chemicals market size is projected to reach USD 26.40 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of the growth of the market. According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period, 2020-2027. The recent coronavirus outbreak has created a sense of panic across the world. This has led to a shutdown in major businesses across the world. 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. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/textile-chemicals-market-103284
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    Textile Chemicals Market Size | Global Industry Report [2027]
    The global textile chemicals market size is projected to reach $26.40 billion by 2027, exhibiting a CAGR of 3.2% during the forecast period [2020-2027]
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  • Polymer Foam Market Growth Size, Share, Industry Analysis, Future Growth, Business Prospects and Forecast to 2027
    The global polymer foam market size is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications.

    The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business

    Market Driver

    Research into Recyclable Polymer Foams to Create Promising Prospects

    An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market.

    Regional Insights

    Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials

    Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh.

    In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth.

    Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698

    Polymer Foam Market Growth Size, Share, Industry Analysis, Future Growth, Business Prospects and Forecast to 2027 The global polymer foam market size is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications. The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business Market Driver Research into Recyclable Polymer Foams to Create Promising Prospects An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market. Regional Insights Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh. In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698
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    Polymer Foam Market Size | Global Industry Forecast [2020-2027]
    The global polymer foam market size was $114.88 billion in 2019 & it is projected to reach $157.63 billion by 2027, exhibiting a CAGR of 7.73% in forecast period
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  • Acetone Market 2021-2028 | Revenue & Growth Forecast by Product, Material & Industry Players
    The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis, By Application (Solvent, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others), By End-use (Paints & Coatings, Plastic, Automotive, Adhesives, Pharmaceuticals, Cosmetics, Electrical & Electronics, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period.

    COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War

    The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth.


    How Did We Create This Report

    We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates.

    Drivers & Restraints-

    Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth

    The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand.

    Segment-

    Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents

    Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances.

    Browse Summary:

    https://www.fortunebusinessinsights.com/acetone-market-104446
    Acetone Market 2021-2028 | Revenue & Growth Forecast by Product, Material & Industry Players The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis, By Application (Solvent, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others), By End-use (Paints & Coatings, Plastic, Automotive, Adhesives, Pharmaceuticals, Cosmetics, Electrical & Electronics, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth. How Did We Create This Report? We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates. Drivers & Restraints- Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand. Segment- Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances. Browse Summary: https://www.fortunebusinessinsights.com/acetone-market-104446
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    Acetone Market Size, Industry Trends | Report, 2027
    The global acetone market size was $3,962.0 Mn in 2019 and is projected to reach $4,995.3 Mn by 2027, exhibiting a CAGR of 3.7% during the forecast period.
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  • Thermoplastic Elastomer Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2027
    The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomer Market Size, Share & COVID-19 Impact Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.

    How is This Report Developed

    We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends.


    Segment-

    Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles

    Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles.

    Regional Insights-

    Surging Demand for Luxury Vehicles to Accelerate Growth in Europe

    In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth.

    In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles.

    Information Source: -

    https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515
    Thermoplastic Elastomer Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2027 The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomer Market Size, Share & COVID-19 Impact Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Information Source: - https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515
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    Thermoplastic Elastomer Market Size, Growth & Global Report [2027]
    The global Thermoplastic Elastomer Market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.
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  • Industrial Coatings Market : Report Highlights the Competitive Scenario with Impact of Drivers And Challenges 2028
    The global industrial coatings market is set to impetus from the increasing focus of manufacturers towards developing greener processes. These processes would help in creating fewer emissions and wastes, as well as use lesser energy. This information is given by Fortune Business Insights™ in a new report, titled, “Industrial Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Technology (Solvent-borne, Water-borne, Powder, and Others), By End-use (General Industrial, Powder, Automotive OEM, Automotive Refinish, Protective, Wood, Marine, Coil, Packaging, and Others), and Regional Forecast, 2020-2027.” The report further states that this market size was USD 86.81 billion in 2019 and is projected to reach USD 119.54 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period.

    Drivers & Restraints-

    Rising Environmental Concerns to Bolster Growth

    The manufacturing process of industrial coatings releases volatile organic compounds (VOCs) that must be eliminated effectively. These organic chemicals turn to gases once they are kept at room temperature. VOC is the main cause of ground-level air pollution. Hence, nowadays several manufacturers are rapidly inclining towards powder-based or water-borne coatings to maintain sustainability. This factor is set to propel the industrial coatings market growth in the coming years. However, these coatings are prone to drying quickly, which, in turn, may hamper growth.


    Regional Analysis-

    Asia Pacific to Remain at the Forefront Fueled by Rising Production of Automotive

    Geographically, Asia Pacific procured USD 36.5 billion in terms of revenue in 2019. The region is set to retain its dominant position in the market throughout the forthcoming years. This growth is attributable to increasing consumer spending and rising automotive production. Additionally, the rising government subsidies, interest rates, general industrial production, and construction activities in this region would spur demand.

    Europe, on the other hand, is expected to show significant growth stoked by the ongoing developments in the oil & gas sector. At the same time, the rising usage of powder coatings owing to the rapid technological advancements in this sector would drive growth.

    Competitive Landscape-

    Key Players Focus on Launching Novel Industrial Coatings to Strengthen Their Positions

    The market is highly fragmented in nature backed by the presence of multiple prominent domestic and international companies. Most of them are focusing on launching state-of-the-art products to cater to the high demand from various end-use industries. Below are the two latest industry developments:

    Browse Link:

    https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741
    Industrial Coatings Market : Report Highlights the Competitive Scenario with Impact of Drivers And Challenges 2028 The global industrial coatings market is set to impetus from the increasing focus of manufacturers towards developing greener processes. These processes would help in creating fewer emissions and wastes, as well as use lesser energy. This information is given by Fortune Business Insights™ in a new report, titled, “Industrial Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Technology (Solvent-borne, Water-borne, Powder, and Others), By End-use (General Industrial, Powder, Automotive OEM, Automotive Refinish, Protective, Wood, Marine, Coil, Packaging, and Others), and Regional Forecast, 2020-2027.” The report further states that this market size was USD 86.81 billion in 2019 and is projected to reach USD 119.54 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period. Drivers & Restraints- Rising Environmental Concerns to Bolster Growth The manufacturing process of industrial coatings releases volatile organic compounds (VOCs) that must be eliminated effectively. These organic chemicals turn to gases once they are kept at room temperature. VOC is the main cause of ground-level air pollution. Hence, nowadays several manufacturers are rapidly inclining towards powder-based or water-borne coatings to maintain sustainability. This factor is set to propel the industrial coatings market growth in the coming years. However, these coatings are prone to drying quickly, which, in turn, may hamper growth. Regional Analysis- Asia Pacific to Remain at the Forefront Fueled by Rising Production of Automotive Geographically, Asia Pacific procured USD 36.5 billion in terms of revenue in 2019. The region is set to retain its dominant position in the market throughout the forthcoming years. This growth is attributable to increasing consumer spending and rising automotive production. Additionally, the rising government subsidies, interest rates, general industrial production, and construction activities in this region would spur demand. Europe, on the other hand, is expected to show significant growth stoked by the ongoing developments in the oil & gas sector. At the same time, the rising usage of powder coatings owing to the rapid technological advancements in this sector would drive growth. Competitive Landscape- Key Players Focus on Launching Novel Industrial Coatings to Strengthen Their Positions The market is highly fragmented in nature backed by the presence of multiple prominent domestic and international companies. Most of them are focusing on launching state-of-the-art products to cater to the high demand from various end-use industries. Below are the two latest industry developments: Browse Link: https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741
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    Industrial Coatings Market Size, Segments | Report [2028]
    The global industrial coatings market is projected to grow from $137.1 billion in 2021 to $183.2 billion in 2028 at a CAGR of 4.2% in forecast period, 2021-2028
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  • The global ultra-high molecular weight polyethylene (UHMWPE) market size is estimated to showcase eminent growth owing to the increasing demand from the aerospace and defense industry, observes Fortune Business Insights™ in its report, titled, “Ultra-High Molecular Weight Polyethylene Market Size, Share & Covid-19 Impact Analysis, By Form (Sheets & Films, Rods & Tubes, Fibers, Tapes, and Others), By End-Use (Automotive, Aerospace & Defense, Medical, Chemical, Electronics, and Others) and Regional Forecast, 2020-2027.” The market size was USD 1,691.2 million in 2019 and is anticipated to reach USD 3,319.0 million by 2027, exhibiting a CAGR of 10.1% during the forecast period.

    Browse Link: -

    https://www.fortunebusinessinsights.com/ultra-high-molecular-weight-polyethylene-uhmwpe-market-102953
    The global ultra-high molecular weight polyethylene (UHMWPE) market size is estimated to showcase eminent growth owing to the increasing demand from the aerospace and defense industry, observes Fortune Business Insights™ in its report, titled, “Ultra-High Molecular Weight Polyethylene Market Size, Share & Covid-19 Impact Analysis, By Form (Sheets & Films, Rods & Tubes, Fibers, Tapes, and Others), By End-Use (Automotive, Aerospace & Defense, Medical, Chemical, Electronics, and Others) and Regional Forecast, 2020-2027.” The market size was USD 1,691.2 million in 2019 and is anticipated to reach USD 3,319.0 million by 2027, exhibiting a CAGR of 10.1% during the forecast period. Browse Link: - https://www.fortunebusinessinsights.com/ultra-high-molecular-weight-polyethylene-uhmwpe-market-102953
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    Ultra-High Molecular Weight Polyethylene Market Size Report, 2027
    The global ultra-high molecular weight polyethylene market size was USD 1,691.2 million in 2019 and is projected to reach USD 3,319.0 million by 2027, exhibiting a CAGR of 10.1% during the forecast period.
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  • Polymer Foam Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2027
    The global polymer foam market is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications.

    The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business

    Market Driver

    Research into Recyclable Polymer Foams to Create Promising Prospects

    An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market.

    Regional Insights

    Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials

    Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh.

    In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth.

    Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698

    Polymer Foam Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2027 The global polymer foam market is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications. The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business Market Driver Research into Recyclable Polymer Foams to Create Promising Prospects An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market. Regional Insights Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh. In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698
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    Polymer Foam Market Size | Global Industry Forecast [2020-2027]
    The global polymer foam market size was $114.88 billion in 2019 & it is projected to reach $157.63 billion by 2027, exhibiting a CAGR of 7.73% in forecast period
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  • Metal Fiber Market Impact Analysis, Size, Share, Demand Synopsis and Forecast to 2027
    The global metal fiber market is set to gain momentum from its surging usage in various aircraft as a sound attenuation element. Nowadays, the increasing population in cities is, in turn, raising the volume of air traffic. Hence, the demand for silent aircraft is increasing to lower noise pollution and to control air traffic. Fortune Business Insights™ published this information in a new report, titled, “Metal Fiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel, Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, Foil Shaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection, Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, and Others), By End-Use (Textile, Automotive, Aerospace, Power & Electronics, and Others), and Regional Forecast, 2020-2027.” The report further states that the metal fiber market size was USD 4,701.0 million in 2019 and is projected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5% during the forecast period.

    Drivers & Restraints-

    High Demand for Conductive Textile to Accelerate Growth

    The demand for metal fiber is high from the textile industry worldwide. This is because of the recent trend of wearing smart textiles or e-textiles. Also, biomedical clothing contains electrodes made of conductive yarns. Besides, antistatic or conductive textiles are used extensively in a wide range of applications, such as military, electronic devices, home textiles, and optical & pharmaceutical industries.

    However, the development of innovative metal fiber production technology requires the assistance of various fields, namely, pressure handling, powder metallurgy, porous materials, and non-woven manufacturing. Manufacturers sometimes are unable to keep up with the requirements. This factor may hamper the metal fiber market growth in the coming years.


    Regional Analysis-

    Asia Pacific to Remain at Forefront Backed by High Demand from India & China

    Asia Pacific dominated the market in 2019 and is likely to remain in its position in the near future. This growth is attributable to the high demand for these fibers from India and China. Also, India would showcase a considerable demand from the textile and automotive industries. In 2019, North America procured USD 629.9 million in terms of revenue. The increasing usage of textiles, such as protective clothing, upholstery fabrics, and carpets is set to surge the demand for metal fiber in this region.

    Competitive Landscape-

    Key Players Focus on Expanding Production to Attract More Customers

    The market is highly fragmented. Most of the companies are adopting strategies, such as investments, acquisitions, research & development activities, and innovation to strengthen their positions. Some of the others are broadening their production processes and shifting their facilities to bigger locations for attracting more customers. Below is a recent industry development:

    Browse Link:

    https://www.fortunebusinessinsights.com/metal-fiber-market-103888
    Metal Fiber Market Impact Analysis, Size, Share, Demand Synopsis and Forecast to 2027 The global metal fiber market is set to gain momentum from its surging usage in various aircraft as a sound attenuation element. Nowadays, the increasing population in cities is, in turn, raising the volume of air traffic. Hence, the demand for silent aircraft is increasing to lower noise pollution and to control air traffic. Fortune Business Insights™ published this information in a new report, titled, “Metal Fiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel, Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, Foil Shaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection, Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, and Others), By End-Use (Textile, Automotive, Aerospace, Power & Electronics, and Others), and Regional Forecast, 2020-2027.” The report further states that the metal fiber market size was USD 4,701.0 million in 2019 and is projected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5% during the forecast period. Drivers & Restraints- High Demand for Conductive Textile to Accelerate Growth The demand for metal fiber is high from the textile industry worldwide. This is because of the recent trend of wearing smart textiles or e-textiles. Also, biomedical clothing contains electrodes made of conductive yarns. Besides, antistatic or conductive textiles are used extensively in a wide range of applications, such as military, electronic devices, home textiles, and optical & pharmaceutical industries. However, the development of innovative metal fiber production technology requires the assistance of various fields, namely, pressure handling, powder metallurgy, porous materials, and non-woven manufacturing. Manufacturers sometimes are unable to keep up with the requirements. This factor may hamper the metal fiber market growth in the coming years. Regional Analysis- Asia Pacific to Remain at Forefront Backed by High Demand from India & China Asia Pacific dominated the market in 2019 and is likely to remain in its position in the near future. This growth is attributable to the high demand for these fibers from India and China. Also, India would showcase a considerable demand from the textile and automotive industries. In 2019, North America procured USD 629.9 million in terms of revenue. The increasing usage of textiles, such as protective clothing, upholstery fabrics, and carpets is set to surge the demand for metal fiber in this region. Competitive Landscape- Key Players Focus on Expanding Production to Attract More Customers The market is highly fragmented. Most of the companies are adopting strategies, such as investments, acquisitions, research & development activities, and innovation to strengthen their positions. Some of the others are broadening their production processes and shifting their facilities to bigger locations for attracting more customers. Below is a recent industry development: Browse Link: https://www.fortunebusinessinsights.com/metal-fiber-market-103888
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Metal Fiber Market Size, Share | Industry Forecast [2020-2027]
    The global metal fiber market size was $4,701.0 Mn in 2019 and is projected to reach $6,561.6 Mn by 2027, at a CAGR of 4.5% during the forecast period
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