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Chemical Tanker Ongoing Trends, Recent Developments & Forecast till 2027

Global sales of the chemical tanker in 2018 surpassed 130 units and is anticipated to expand at a moderate pace over the midterm forecast period, according to a recently published study by Fact.MR. APAC is estimated to be the leading region accounting for more than 35 percent share (Volume) in the global chemical tanker market, owing to increased seaborne trade and demand from end-use sectors. APAC is closely followed by Europe.

In terms of value and quantity during the forecast period, the Asia Pacific chemical tanker market is also expected to grow at a significant CAGR. Within Asia Pacific, China is expected to lead the market for chemical tankers in the Asia Pacific. The worldwide market for chemical tankers accumulates maximum earnings made by shipping chemicals and their related products. The expanding chemical industry and chemical producers ‘ increasing capacity drive the demand for chemical tankers around the globe. Growing fleet size shows that there is potential for gradual growth in the coming years.

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A measurable overcapacity of the chemical tanker has also been reported in the industry, as an equated effect of decelerated chemical trade between key markets, translating to limited demand for chemical tankers. Chemical tanker fleet operators over the past three quarters also reported squeezed net revenues, where companies experienced a tough time to ensure a healthy bottom line.

global-chemical-tanker-market-structure-analysis-02

Slow growth in crude oil production and the formulation and execution of petroleum bunkering regulations act as impediments in the development of the market for chemical tankers.

Chemical Tankers to Provide Lucrative Investment Opportunities

Growing chemical trade is expected to increase the market demand for chemical tankers as a result of the growth in manufacturing operations around the globe. The disparity in regional manufacturing and demand trends has created the need for global trade in chemicals and derivatives. Thus the need for transporting chemical materials through chemical tanker becomes essential. The growth of the chemical industry and the growing use of water transport to transport chemicals from one location to another across the globe are key drivers for the development of the market for the chemical tanker. Organic chemicals such as acetic acid, propene, alcohols, benzene, benzyl acetate, methanol, and phenol are some of the essential chemicals shipped through chemical tankers all over the globe.

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Mergers and Acquisitions Will Be the Major Contributors in the Growth of Chemical Tanker Market

The tide has changed over the past few years and mergers and acquisitions have been favored as key strategies by stakeholders as they promote sustenance and rapid growth in the global chemical tanker market. A combination of several trends and regulatory changes coupled with the employment of larger vessels, increasing competition and the financial crisis have forced the players in the market to resort to collaboration, mergers and acquisitions.

  • In February 2019, Team Chemical tankers announced the acquisition of Laurin Maritime and Anglo-Atlantis Chemical tanker for $206 million, a deal which added 34 coated IMO II/III MR Chemical tankers to its existing fleet of 33 vessels.
  • At the end of 2018, Eastern Pacific reportedly bought thirteen 19,000 dwt stainless steel vessels from the BW Group. These vessels will be operated by Ace Quantum, which will manage the largest fleet of stainless steel ships in this size segment in the future with a total of 33 vessels on the water.
  • Meanwhile, 2019 has already seen its first consolidation deal, with Triton selling its 100% owned Nordic Chemical tanker to MOL Chemical tanker. The new combined operation will be renamed MOL Nordic Chemical Tanker A/S, and will have a fleet of 75 vessels. More mergers, joint ventures, and buyouts are expected.

The global market for chemical tanker in the shipping industry is consolidated with regional competitors. Key players include Odfjell, Stolt-Nielsen Ltd, IINO KAIUN KAISHA Ltd and Nordic Tanks.

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About Fact.MR     

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

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Natural Gas Turbine Market Is Seeing Explosive Growth by Future Industry Winners 2031

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Natural Gas Turbine Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2021 to 2031. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Natural Gas Turbine Market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the market. The segment accounted for a promising share in the Natural Gas Turbine Market in 2021 to 2031. The share in this segment comes with a wide range of opportunities including manufacturing products, distribution, retail, and marketing services.For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=669

Key stakeholders in the Natural Gas Turbine Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities. Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic. 

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the Natural Gas Turbine Market
  • Factor that might restrain the growth of the market in the coming years of the forecast period 2021 to 2031
  • What is present competitive scenario of the Natural Gas Turbine Market and its intricate details concerning potential business prospects of leading market players
  • Pricing strategies of several different market players in the Natural Gas Turbine Market

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies in the World. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients. 

Why Choose Fact.MR?

  1. Deliver updated information on the current industry trends
  2. Available 24/7 to facilitate clients with unbiased solutions
  3. Embrace digital technologies to offer accurate business ideas
  4. Exhaustive supply chain augmentation analysis
  5. Provide reports strictly according to the requirements of the clients

What insights readers can gather from the Natural Gas Turbine Market report?

  • Learn the strategies, and modus operandi of every Natural Gas Turbine Market player –expansions, product launches, collaborations and acquisitions in the market currently
  • Enter the market with an objective view of of the progress outlook of the global Natural Gas Turbine landscape, including total revenue, consumption and production, and historical & forecast 2021 to 2031
  • Get your hands on key drivers, opportunities, challenges to growth and trends (DROT Analysis)
  • Get a sneak-peek of trends, R&D developments, such as carbon footprint, prototype technologies, and globalization

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The Natural Gas Turbine Market report answers the following queries:

  1. What is the largest share held by key players in the market?
  2. What strategies have proven most advantageous in the Natural Gas Turbine Market?
  3. Which region promises largest opportunity for new investors during the forecast period 2021 to 2031?
  4. What factors will most likely present challenges to growth during the forecast period?
  5. What will be the value of total revenues, and at what CAGR will the growth compound during the forecast period 2021 to 2031?

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:US Sales Office:
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Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail:sales@factmr.comVisit Our Website: https://www.factmr.comResearch Insight: https://www.factmr.com/report/669/natural-gas-turbine-market

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Flexitanks Sales in Chemical and Food Industry Continue to Grow: Fact.MR

Demand of flexitanks will remain high in chemical and food industry. Manufacturers are reliant on sustainable materials and cheaper transportation, accelerating the flexitanks sales.

Award winning market research company Fact.MR has conducted a recent study on the global flexitanks market. As per its study, a positive growth outlook is expected for 2021, primarily underpinned by growing demand from the packaging and food industry. Growth prospects for the upcoming decade are also optimistic, registering a noteworthy expansion rate until 2031, especially from the chemical industry.

According to the study by Fact.MR, burgeoning demand from the packaging industry is expected to foster the flexitanks sales through 2021 and beyond. With North America expanding at nearly 2% as a primary flexible food packaging hub, there is an inclination towards sustainable packaging and materials from manufacturers. Hence, fostering the flexitanks sales.

Furthermore, increasing production of chemicals and oil has prompted the manufacturers to invest in cheaper and reliable transportation and packaging solutions. Therefore, stimulating the demand for flexitanks in upcoming years.

“Recovery in food and chemical industry is likely to provide momentum to flexitanks sales through 2031. Manufacturers rising preference towards sustainable materials such as high grade bio-degradable plastics to create lucrative growth opportunities,” says a Fact.MR analyst.

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Key Takeaways

  • Manufacturers to prefer multi trips flexitanks over single trip flexitanks
  • Increased application in U.S. packaging industry to fuel flexitanks sales
  • Two fold packaging manufacturing industry workforce to spearhead the UK market growth
  • Germany to witness high growth in the oils and chemicals segment, attributed to the growing emphasis on chemical oil production
  • India to emerge as a lucrative market amid burgeoning agricultural industry
  • China to flourish as a largest manufacturer by 2030, widening flexitanks growth prospects
  • By application, food transportation & logistics to retain their dominance

Prominent Drivers

  • Increased food wastage and improper transportation to bolster the flexitanks demand
  • Demand for sustainable transportation and enhanced food longitivity during transit to create growth opportunities for manufacturers

Key Restraints

  • Availability of low quality flexitanks likely to create a restrain in the growth
  • Irregularity in cost of raw materials to hamper the flexitanks market growth

Discover more about the flexitanks market with 132 figures and 25 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/5664/flexitanks-market

Competitive Landscape

JF Hillebrand, Full-Pak, K Tank Supply Ltd., Qingdao BLT Packaging Industrial Co. Ltd., Bulk Liquid Solutions Pvt. Ltd., KriCon Group BV, Mak & Williams Flexitank Supply Ltd., TRUST Flexitanks, SIA FLEXITANKS, My FlexiTank (MYF), and Trans Ocean Bulk Logistics Ltd are some of the key players profiled by Fact.MR. Leading players are inclined towards using key strategies such as adoption of sustainable packaging to create growth opportunities.

For instance, in 2018, World Distribution Services (WDS) announced that it is offering full-service flexitanks fitting and bulk liquid drayage in Cleveland to support growing client and market demand. The logistics and the producers added the infrastructure to provide flexitank installation services to clients seeking bulk liquid export to USDA container cleaning services.

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More Valuable Insights on Flexitanks Market

In its latest report, Fact.MR offers an exhaustive analysis on the global flexitanks market. The study divulges essential insights on the Flexitanks market on the basis of product (single trip and multi trip), application (food, wines & spirits, oils, chemicals, industrial products, and pharmaceutical good), and key regions (North America, Europe, Central & South America, Asia Pacific, and MEA).

Key Questions Covered in the Report

  • Which countries will account for the largest market share?
  • Which are most lucrative flexitanks?
  • What will be the key drivers for the flexitanks market?
  • Why is demand for flexitanks in food transportation accelerating?
  • Which are the prominent players operating in the flexitanks market?

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Explore Fact.MR’s Coverage on Healthcare Domain

Loaded Container Handler Market: The global loaded container handler market report published by Fact.MR offers an unbiased analysis on the prominent growth dynamics, including possible drivers, opportunities and challenges, expected to prevail across the landscape for the upcoming decade. A detailed insight regarding key geographies and prominent manufacturers has been embedded in this report. https://www.factmr.com/report/639/loaded-container-handler-market

Container Handler Market: The latest report profiled by Fact.MR on global container handler market sheds an in-depth insight on the key drivers, trends and opportunities expected to prevail across prominent segments and key geographies for the forthcoming assessment period. Additionally, details about prominent manufacturers and their revenue shares have also been incorporated. https://www.factmr.com/report/3956/container-handler-market

Loaded Container Handler Market: The global loaded container handler market report analyzed by Fact.MR delivers an insight on the growth prospects, strategies and competitive landscape for the upcoming period. The key players’ market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period. https://www.factmr.com/report/639/loaded-container-handler-market

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Fact.MR
US Sales Office:
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Tel: +1 (628) 251-1583
E: sales@factmr.com

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Single-Use Offerings for Biopharmaceutical Cell Culture Applications Gain Traction in Bioprocess Bags Market: Fact.MR

The global bioprocess bags market is projected to reflect a very promising growth trajectory at an approximate 9% CAGR through the end of the forecast period in 2031. Applications in terms of compliance with strict regulatory standards in the biotechnology sector is a key factor driving the industry. According to Fact.MR’s report, market players have found short term opportunities arising from the covid-19 pandemic. Substantial investments into pharmaceutical and biotechnology research during the crisis period has created a conducive environment for the sales of bioprocess bags.

“Bioprocess bags are designed to display heat-resistant, autoclavable, and sterile characteristics. Manufacturers are displaying interest in custom offerings for end user specific applications. Bioprocess bags are used extensively in pharmaceuticals as viable alternatives to metal, plastic, or glass containers. Potential for applications in handling cell cultures and solvents in cold and high temperature storage will influence developments in the near term,” says the FACT.MR analyst.

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Bioprocess Bags Market- Key Takeaways

  • Reusable bags are projected to reflect faster growth owing to cost advantages to end users, in terms of applications for academic and research institutes.
  • Biopharmaceutical applications will hold major market share owing to the growing popularity of disposable products among contract research organizations in the industry.
  • United States holds the lead as a global biotechnology and biopharmaceutical hub, in addition efforts towards faster drug approvals.
  • China is emerging as a high growth market for bioprocess bags owing to government initiatives towards research and development in biotechnology.

Bioprocess Bags Market- Driving Factors

  • Stringent standards associated with purity and cross contamination in the biotechnology industry drives growth.
  • Potential for applications in cold and high temperature applications support demand in the pharma sector.
  • Wide scope of applications including buffer preparation, cell culture, harvesting & storage sustain growth.

Bioprocess Bags Market- Major Restraints

  • Lack of awareness about the applications of bioprocess bags, especially in developing countries with poor infrastructure hurts adoption prospects.
  • Shortage of adequately trained professionals to make use of bioprocess bags is expected to hinder growth.

COVID-19 Impact on Bioprocess bags Market

The bioprocess bags market has been moderately affected by the covid-19 crisis. Restrictions on manufacturing activities has disrupted supply chains and sales. Also, continuing uncertainty over the duration of the pandemic has restrained applications which will impact short term growth prospects.

On the other hand, rising investments into the biotechnology and pharmaceutical sectors have created opportunities for the near term. Also, favorable physical and chemical characteristics have bolstered sales in research facilities and hospital environments, setting up a conducive environment for long term growth.

Competitive Landscape

Danaher Corporation, Charter Medical Ltd., Merck, Rim Bio Inc., Thermo Fisher Scientific, Entegris Inc., Sartorius AG, Corning Incorporated, and Saint Gobain are some of the leading bioprocess bags manufacturers in the consolidated global market.

Major players in the bioprocess bags market are focused on investments towards product development and research efforts, while leveraging the covid-19 crisis to consolidate market position by boosting sales for single use bag offerings.

In March 2021, Thermo Fisher Scientific have launched single use, large capacity bioreactors with 3000- and 5000-liter bioprocess bags, aimed towards applications in CDMO and pharmaceutical companies.

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In January 2021, Pall Corporation announced an investment of US$ 114 million for boosting global production capacities for bioprocessing systems in response to covid-19 demand. Also, Further, Astra Zeneca has joined hands with Samsung Biologics in a project involving large scale drug ingredient and bioprocess equipment production.

About the Report

This study offers readers a comprehensive market forecast of the bioprocess bags market. Global, regional and country-level analysis of the top industry trends impacting the bioprocess bags market is covered in this Fact.MR study. The report offers insights on the bioprocess bags market on the basis of type (2D and 3D), capacity (small, medium, large, and extra-large), end use industry (biotechnology and pharmaceuticals), and application (buffer & media storage, cell culture, cell separation & harvest, chromatography feed & collection, ultrafiltration & diafiltration, Intermediate & final product hold) across six key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East and Africa).

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Explore FACT.MR’s Comprehensive Coverage of Chemical & Materials Landscape

Polyaspartic Coatings Market– Get the latest insights on the global polyaspartic coatings market through FACT.MR’s report covering analysis for projection period (2021-2031). https://www.factmr.com/report/polyaspartic-coatings-market

Industrial Fasteners Market– FACT.MR’s study on the industrial fasteners market covers trends, tech innovations, players, and strategies for 2021-2031. https://www.factmr.com/report/industrial-fasteners-market

Chelating Resins Market– Obtain analysis on the global chelating resins market through FACT.MR’s latest report covering competitive analysis, key regions, along with segmental analysis for 2021-2031. https://www.factmr.com/report/594/chelating-resins-market

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Fact.MR
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

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Tungstic Acid Manufacturers Eye Lucrative Personal Care Industry: Fact.MR

Award winning market research company Fact.MR has conducted a recent study on the global tungstic acid market. As per its study, a positive growth outlook is expected for 2021, primarily underpinned by growing demand from the chemical and personal care industry. Growth prospects for the upcoming decade are also optimistic, registering a noteworthy expansion to reach a valuation of US$ 50 Mn until 2031, especially from the chemical industry.

According to the study by Fact.MR, burgeoning demand for zinc pyrithione is expected to foster the tungstic acid sales through 2021 and beyond. With diverse function of tungstic acid such as mordant, catalyst, manufacturing of waterproof and fireproof materials is aiding the growth of the market. Hence, fostering the Tungstic Acid sales.

Furthermore, increasing production of chemicals and usage of zinc pyrithione as a main ingredient for skin and hair care is creating a hyped demand in the tungsten acid manufacturers. Therefore, stimulating the demand for Tungstic Acid in upcoming years.

“Surge in demand as a potential catalyst among manufacturers is likely to provide momentum to tungstic acid sales through 2031. Manufacturers rising preference towards production of wide variety of tungsten products such as tungsten powders, wires, and others to create lucrative growth opportunities,” says a Fact.MR analyst.

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Key Takeaways

  • By grade, 2N is expected to acquire high priority amid growing preference by the manufacturers
  • Zinc pyrithione to be a highly sought after segment owing to the bourgeoning application in personal care industry
  • Catalysts segment to dominate the market in the forecast period
  • India to emerge as a lucrative market amid burgeoning chemical industry
  • China to flourish as a largest manufacturer by 2031, widening tungstic acid growth prospects
  • By function, intermediates to retain their dominance as the fastest growing segment
  • United States expected to witness a steady growth owing to the rising application in textile industries

Prominent Drivers

  • Rising demand for tungstic acid for the application in chemical industry is boosting the demand
  • Growing consumption of zinc pyrithione for tungstic acid manufacturers to create growth opportunities in upcoming years

Key Restraints

  • Hair problems such as hair loss, burning sensation caused by the usage of zinc pyrithione is causing a restraint
  • Organic and natural substitute of zinc pyrithione such as Greentech is creating a challenge for the market

Discover more about the Tungstic Acid market with 97 figures and 102 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/1245/tungstic-acid-market

Competitive Landscape

Ganzhou CF Tungsten Co. Ltd., India Platinum, and Muby Chemicals among others are some of the key players profiled by Fact.MR. Leading players are inclined towards using key strategies such as production of zinc pyrithione to cater the demand from personal care industry to create growth opportunities.

In March 2020, Scientific Committee on Consumer Safety issued a positive opinion on the usage of zinc pyrithione for hair conditioners, face powders and other products that manufacturers are using for their production in cosmetics.

More Valuable Insights on Tungstic Acid Market

In its latest report, Fact.MR offers an unbiased analysis on the global tungstic acid market. The study divulges essential insights on the tungstic acid market on the basis of grade (2N, 3N, 4N, and 5N), function (reagents, intermediates, mordants/dyes, and others), product type (tungstic acid monohydrate and tungstic acid di-hydrate), application (chemical production and textile production), and key regions (North America, Europe, East Asia, South Asia & Oceania, and rest of the world).

Key Questions Covered in the Report

  • Which region will account for the largest market share?
  • Which segment holds the major market share for tungstic acid?
  • What will be the key drivers for the tungstic acid market?
  • Why is demand for tungstic acid in chemical industry accelerating?
  • Which are the prominent players operating in the Tungstic Acid market?

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Explore Fact.MR’s Coverage on Chemicals & Materials Domain

Thioacetic Acid Market: The global thioacetic acid market report published by Fact.MR offers an exhaustive analysis on the prominent growth dynamics, including possible drivers, opportunities and challenges, expected to prevail across the landscape for the upcoming decade. A detailed insight regarding key geographies and prominent manufacturers has been embedded in this report. https://www.factmr.com/report/965/thioacetic-acid-market

Fumaric Acid Market: Fact.MR’s latest report on global fumaric acid market gives a detailed insight on the key drivers, trends and opportunities expected to prevail across prominent segments and key geographies for the forthcoming assessment period. Additionally, details about prominent manufacturers and their revenue shares have also been incorporated. https://www.factmr.com/report/526/fumaric-acid-market

Bio-based Acetic Acid Market: The latest report by Fact.MR on global bio-based acetic acid market offers an unbiased analysis on the growth prospects, strategies and competitive landscape for the upcoming period. The key players’ market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period. https://www.factmr.com/report/1189/bio-based-acetic-acid-market

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Fact.MR
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

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Why Electronics Revival is Key to Siloxane Sales: Fact.MR Report

Booming food and cosmetic industries and preference for organic substances is bolstering the demand of siloxanes

The recent addition from Fact.MR projects a steady growth trail for global siloxane market during the forecast period. According to the estimates, the market is expected to surpass the valuation of over US$ 25 Bn in 2027. Prominent manufacturers are inclining towards research & development programs for technological advancements.

Additionally, siloxane manufacturers are focused on generating custom products for the specific requirement and substitutes in health & personal care industry. Wide usage as an oil-substitute for low-calorie food items such as salad dressing, mayonnaise and extensive usage for hair products is providing a stimulus to the growth. Increased usage for the cosmetic products such as face creams, is accelerating the sales in personal care industry, evaluates the study at Fact.MR.

“Unparalleled properties of siloxane products is taking precedence among manufacturers to generate future growth opportunities, a key strategy to maintain their position in the industry,” says a Fact.MR analyst.

Request a report sample with 170 pages to gain comprehensive insights at  https://www.factmr.com/connectus/sample?flag=S&rep_id=4281

Key Takeaways

  • Asia Pacific to account for 50% of global market share
  • Siloxane elastomers remain preferred over natural rubber
  • Latin America and MEA to have a sluggish growth
  • Europe and North America to follow Asia Pacific footsteps as a potential market
  • Health & personal care to be the primary end user for siloxane market
  • Electronic industry to emerge as a potential segment

Prominent Drives

  • Superior quality and high demand in electronics industry is boosting the demand for siloxanes
  • Growing demand in transportation industry is fostering the sales
  • Development of silicone elastomers in healthcare industry is bolstering siloxane demand

Key Restraints

  • Stringent regulatory policies for siloxanes is likely to hamper the sales
  • Fluctuating prices of raw materials and production rate is creating a challenge for the manufacturers

Discover more about the siloxane market with 69 figures and 89 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/4281/siloxane-market

Competitive Landscape

Dow Chemical Company, Wacker Chemie AG, Elkem ASA, Momentive Performance Materials, Shin-Etsu Chemical Co. Ltd., Dongyue Group Co. Ltd., Zhejiang XinAn Chemical Industrial Group Co. Ltd., Zhejiang Sucon Silicone Co. Ltd., and China National BluStar (Group) Co. Ltd., and KCC Corporation are some prominent Siloxane manufacturers profiled in Fact.MR’s report.

In 2020, DOW announced the launch of SunSpheres™, for sun care and daily wear SPF products for sustainable quality and redefine beauty for diverse consumers across the globe.

In 2021, Wacker Chemie AG has raised prices for Silicones globally with over 2800 highly specialized and innovative products in the personal care industry for customized products.

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More Valuable Insights on Siloxane Market

In its latest report, Fact.MR sheds a detailed segmentation on global siloxane market. The study divulges essential insights on the Siloxane market on the basis of type (elastomers, fluids, resins, and gels), application (electrical & electronics, construction, transportation, health & personal care, chemical intermediate, and others), and key regions (North America, Latin America, Europe, Middle East & Africa, and APAC).

Key Questions Covered in the Report

  • What will be the market outlook for the global Siloxane market in the forecast period?
  • Which application of Siloxane is likely to gain momentum in the market by 2030?
  • Which region is likely to be a lucrative market during the forecast period?
  • What are the major advancements witnessed in the global Siloxane market?
  • Which are the prominent Siloxane manufacturers?

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Explore Fact.MR’s Coverage on the Chemicals & Materials Domain

Cyclotetrasiloxane Market: The global cyclotetrasiloxane market report published by Fact.MR incorporates an in-depth analysis of the prominent growth dynamics, including possible drivers, opportunities and trends, expected to prevail across the landscape for the upcoming decade. A detailed insight regarding key geographies and prominent manufacturers has been embedded in this report. https://www.factmr.com/report/1379/cyclotetrasiloxane-market

Trisiloxane Market: Fact.MR’s incisive coverage on the trisiloxane market explicates on the key drivers, trends and opportunities expected to prevail across prominent segments and key geographies for the forthcoming assessment period. Additionally, details about prominent manufacturers and their revenue shares have also been incorporated. https://www.factmr.com/report/3256/trisiloxane-market

Organo-Modified Siloxane Market: Fact.MR’s report on organo-modified siloxanes market delivers a detailed analysis on the strategies and competitive landscape for the upcoming period. The key players’ market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period. https://www.factmr.com/report/2510/organo-modified-siloxanes-market

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

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Downdraft Paint Booth Segment is Projected to Grow at a CAGR of 2.5%: Fact.MR Report

Application of industrial paint booth to remain moderate in automotive & construction sector. This revival of these industries is expected to aid the demand of industrial paint booth market

Fact.MR’s report on global industrial paint booth market projects a sluggish growth to reach a value of over US$ 789 Mn by 2030-end. Following the outbreak of COVID-19, the automotive and construction industry witnessed a dip in industrial paint booth manufacturing demand. However, with the relaxed regulations in lockdown, the upsurge in industrial paint booth products is anticipated through 2030.

According to the latest study, automotive and construction industry constitute of majority share in the industrial paint booth market. Hence, the major slump witnessed in both the industries has affected the sales of industrial paint booth. However, with the recovery in automotive industry, the demand for industrial paint booth is expected to regain traction in the upcoming years.

“Manufacturing companies are experiencing a slight slump with the production of downdraft paint booth. A slow rise in automotive and construction industry expected to aid the industrial paint booth demand,” says a Fact.MR analyst.

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Key Takeaways

  • Industrial paint booth sales to witness stagnancy of nearly 2.6% CAGR
  • China and India industrial paint booth sales growing
  • China to project a sluggish growth through 2021
  • Downdraft paint booth to account for major share
  • Automotive industry to witness deceleration in industrial paint booth sales

Prominent Drivers

  • Increasing demand from the construction industry to drive the market demand
  • Technological advancements in the paint industry to stimulate the growth in the upcoming years
  • Favorable environmental regulations to boost the demand for industrial paint booth

Key Restraints

  • Decline in adoption of industrial paint booth in automotive industry are likely to hinder sales

Discover more about the Industrial paint booth market with 132 figures and 25 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/818/industrial-paint-booths-market

Competitive Landscape

Accudraft, Standard Tools & Equipment Co. Inc., RelyOn, Col-Met Engineered Finishing Solutions, Airblast Eurospray, Nova Verta International SpA, CELIBER Cabinas y Bancadas S.A., and Rohner are some of the key players profiled by Fact.MR. The market is highly consolidated, with leading players focusing on mergers and acquisition as their key strategies to stimulate the growth in the market.

For instance, in September 2020, Durr developed a new paint booth concept as EcoPro Booth paint by using new technology and reducing 95% energy consumption and carbon dioxide emissions.

More Valuable Insights on Industrial paint booth Market

Fact.MR, in its new offering, presents a detailed segmentation on the global industrial paint booth market. The study divulges essential insights on the industrial paint booth market on the basis of product (cross draft paint booth, semi downdraft paint booth, side draft paint booth, downdraft paint booth, open face paint booth, and bench paint booth), end-use (automotive, industrial, aerospace, construction & agriculture, and others), and key regions (North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East & Africa (MEA)).

Key Questions Covered in the Report

  • Which is the lucrative segment for the industrial paint booth market?
  • Which factors will induce a change in the demand for market?
  • Which companies are leading the industrial paint booth market?
  • What will be the challenges that key players would face due to Covid-19?
  • What are the strategies adopted by the key players to revamp their position in the market?

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Explore Fact.MR’s Coverage on Chemical Domain

Paint and Coating Stripper Market: Fact.MR’s latest coverage on global paint and coating stripper market gives a detailed analysis on the prominent growth dynamics, including possible drivers, opportunities, and new entrants, expected to prevail across the landscape for the upcoming decade. A detailed insight regarding key geographies and prominent manufacturers has been embedded in this report. https://www.factmr.com/report/1643/paint-and-coating-stripper-market

Paint Protections Films Market: The latest report by Fact.MR on global paint protections films market offers an unbiased analysis on the key drivers, trends, and opportunities expected to prevail across prominent segments and key geographies for the forthcoming assessment period. Additionally, details about prominent manufacturers and their revenue shares have also been incorporated. https://www.factmr.com/report/4941/paint-protection-films-market

Paint Stripper Market: Fact.MR, in its new offering, provides a detailed segmentation on the global paint stripper market, presenting historical demand data and forecast statistics. The study divulges compelling insights on the flame retardant polyester resins market on the basis of chemical type, packaging type, end-use industry, and regional outlook. https://www.factmr.com/report/4940/paint-stripper-market

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Fact.MR
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

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Automotive Interior Trims Market to Register Unwavering Growth during 2031

The global demand for automotive interior trims faced a slight slowdown as a result of lockdown imposed in 2020 due to the spread of Covid-19 crisis. Lockdownhindered the growing progress of automotive trims due to shuttering of production hubs and restrictions in trade. As of now, the condition is getting stabilized encouraging the market players to recover their losses through innovation in 2021.

Attraction towards latest and innovative attributes among consumers is contributing to create magnificant fascination towards automotive interior trims in 2021.

Growing preferences of consumers toward latest designs and facilities, lifestyle changes and improvements in living standards continues to add lucrative progress to this market in 2021. At present, people are craving for those vehicles that offer comfortability, safety, convenience and new experience which is creating moredemands.

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Manufacturers in 2021 are coming up with latest and updated designs in the interior trims to meet multiple safety regulations, material compliance and weight requirements. Interior trims are now being redesigned every 2 years instead of 5 years to deliver innovative and attractive interiors meeting all the specifications on time and within budget.

The recent automobiles are getting launched with innovative interior features claiming to be environmental-friendly, highly flexible, fuel-efficient and sustainable. Johnson Controls and SAIC’s Yanfeng Automotive Trim Systems are among the market players which make such claims to extend customer retention globally.


Players in this market are incorporating key growth strategies such as expansions, product upgradations, product innovations, collaborations, strategic partnerships, joint ventures, research and developments etc to become global leaders in this market.

Visteon Corporation collaborated with Volkswagen Group on May, 2020 to contribute its technical expertize and manufacturing capabilities providing an infotainment platform for Volkswagen’s new Nivus modeloffering a 10.1 inch in-plane switching display with a 1540×720 screen resolution facilitating user-personalization.

This solution provides high-resolution video that looks goodfrom every angle making Visteon Corporation’s in-vehicle infotainment system convenient and accessible to all the occupants of vehicle. The collaboration proved successful for both companies as it generated robust sales throughout the world.

In addition to that, Toyota Boshoku introduced car seats with convenient and comfortable functions on February 2020. It added “Driver’s Easy Return Seat Function” in the new models of Toyota. The mechanism memorizes driver’s seat position using manual operation enabling the passengers to easily return the seat in the position that is memorized in the previous time by using a memory-lever placed on the side of seat.

This newly added feature provides a comfortable ride and experience to the users resulting in improving customer retention and global presence of the company.

Continental AG on September 2020 entered into a joint venture with Osram Corporation to bring innovation in automotive interior designs. Together, they have developed a sensor-linked, software-driven intelligent LED and laser headlight systems with other digital illuminations in their recent launches. The joint venture has created strong brand representation among the worldwide users.

Automotive interior trims manufacturers are turning to non-leather solutions for instance, vinyl, realizing intense criticism from animal welfare organizations for leather-based interior trims. Further, manufacturers are banking on structural foam molding methods, based on polypropylene as the blowing agent, to fill sophisticated component areas, thereby lowering the component weight.

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Prominence of modern plastics technology in encouraging market players to leverage advanced polymers, including ABS, SMA, among others, for designing complex automotive interior trims, such as airbag housings, and center stacks for instrumental panels. In addition, PP and ABS resins provide decreased NVH levels, emotion-evoking color aesthetics, and reduced initial costs.

International regulatory bodies are urging manufacturers to focus on eco-friendly materials for designing automotive interior trims in a bid to tackle global carbon footprint. Car makers are utilizing low VOC PSA tapes for bonding and attaching automotive interior trims. Luxury vehicle makers are utilizing recycled microfibers for instance, econyl yarn derived from used fishing nets, to design floor carpets. Established automobile manufacturers are using glycol from renewable sugar to design cushion material.

Furthermore, escalating production of green vehicles, including electric and hybrid vehicles, in low and middle-income countries (LMIC) is set to propel the growth of automotive interior trims market globally.

Automotive Interior Trim Market- Opportunities

Incorporation of green technology in the automotive industry is a major opportunity for the growth of automotive interior trim market. It is also set to help market players in increasing their market share and business revenue.

The automotive interior trim leather industry is following the footsteps of the automotive industry with an adoption of green technology for the manufacturing of automotive leather. With growing concern for environmental-friendly automotive interior leathers, market players need to strike the right balance between high manufacturing costs of “green” materials and stringent regulatory framework that monitors production, in order to maintain sustainability and profitability in such a competitive market.

Major players in the global automotive interior systems market are vertically integrating the interiors supply chain to ensure that they can meet the demand from OEMs and offer a wide variety of automotive interior systems with low manufacturing costs.

Moreover with the acquisition of prominent leather manufacturers by key automotive seating systems market players, the raw material price for automotive seating systems is likely to decline and hence, automotive seating manufacturers are expected to gain significant profit margins in the next few years. This factor will create a positive impact on the automotive interior trim market.

Automotive Interior Trim Market- Trends

A number of automakers are turning their focus towards a new technology called smart textiles. Smart textiles are being increasingly used to replace heavier components in vehicles. For example, textiles that can automatically heat and cool themselves could replace thermo-conductive layers, which automakers are currently installing in seats for the same function.

Moreover, along with the application of green technology in automotive leather & textile material, an introduction of a new segment of vehicles, such as electric and hybrid vehicles, is expected to be a major trend which is expected to drive the growth of automotive interior trim market. Owing to increasing demand from emerging economies and rising per capita income in these regions, the passenger vehicles segment is expected to account for a significant share of the market over the forecast period. The passenger vehicles segment continues to rise and is mainly driven by the substantial growth in China.

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Automotive Interior Trim Market- Regional Outlook

The automotive interior trim market in APAC is anticipated to be lucrative due to increasing production in automotive sector and the robust demand for commercial vehicles and passenger cars in India, China, and some other APAC countries. Rising production in automotive sector in countries like Mexico and Brazil and escalating demand for inexpensive interior trim and lightweight materials are likely to create unprecedented growth of Latin America automotive interior trim market throughout the assessed period. On the other hand, automotive interior market in North America is expected to show comparatively steady growth due to a slowdown in automotive production in the U.S. and Canada

Automotive Interior Trim Market- Key Manufacturers

Qinghe Yongxin, Cooper Standard, Hebei Longzhi, Toyoda Gosei, Jiangyin Haida, Hutchinson, Jianxin Zhao’s, Henniges, Zhejiang Xiantong, Nishikawa Rubber, Dura Automotive, SaarGummi, Qinghe Huifeng, Minth Group, Guizhou Guihang, Kinugawa, Hwaseung and Magna are some of the top manufacturers functioning in the global automotive interior trim market.

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Fact.MR
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Uncategorized

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