Polymer Gel Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Polymer Gel Industry: Opportunities in 2021

 

According to a new research published by Polaris Market Research the worldwide Polymer Gel Market is anticipated to reach around USD 8,836 million by 2026. In 2017, the personal care segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global polymer gel market.

 

The use of polymer gel in wide applications such as personal care, healthcare, agriculture, pharmaceutical, and construction among others majorly drives the growth of this market. Growing awareness regarding personal care and increasing disposable income, especially in developing regions boost the growth of the. The consumers are increasingly using products such as contact lenses, cosmetics, and personal care products, thereby augmenting the growth of polymer gel market. Technological advancements and increasing applications in pharmaceuticals and healthcare sectors would provide growth opportunities in the future. New emerging markets, emerging consumer demographics, and technological advancements would provide growth opportunities for polymer gel market in the coming years.

 

 

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Asia-pacific is expected to lead the global polymer gel market during the forecast period. A significant rise in the infant and geriatric population has been registered over the past few years, boosting the growth of polymer gel market. Increasing awareness personal care and hygiene, and rising disposable incomes in developing countries of this region augment the market growth in the region. Increasing application of polymer gel in healthcare and pharmaceutical also supports growth in this region. Use of polymer gel in agriculture, construction, and waste treatment further increases the demand of polymer gel in Asia-Pacific. Polymer gels are increasingly being used in manufacturing robotic actuators and artificial muscles. The increasing need of automation in manufacturing and other industries in the region drive the growth of robotics, thereby strengthening the market of polymer gel. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

 

The personal care segment is expected to lead the market during the forecast period owing to wide applications in the industry. Polymer gel is used in diapers and female hygiene products owing to their high absorbing properties. Polymer gel is also used in cosmetics and contact lenses. Increasing   disposable income and rising awareness regarding personal hygiene boosts the growth of the market.

 

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The well-known companies profiled in the report include LG Chemicals Ltd., Chemtex Specialty Limited, BASF Corporation, Evonik Industries, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd., Sumitomo Seika Chemicals Co., Ltd, Ma’s Group Inc., and Dow Chemicals among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Photovoltaic Materials Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 According to a new report published by Polaris Market Research the worldwide Photovoltaic Materials Market is anticipated to reach around USD 44,073 million by 2026. In 2017, the Polycrystalline Silicon segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Photovoltaic Materials market.

 

The increase in the adoption of renewable energy sources drives the growth of this market. Growing concerns regarding environmental pollution caused by fossil fuels and their limited availability support the market growth. There has been an increasing demand of solar technology owing to low operating costs and less maintenance. Governments are increasingly investing in the development of solar technology to accelerate the adoption of renewable sources, thereby supporting market growth. However, high installation costs of solar systems limit the growth of the market. New emerging markets, and declining costs of photovoltaic materials would provide growth opportunities in the coming years.

 

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Asia-pacific dominated the global Photovoltaic Materials Market during the forecast period. A significant rise in the initiatives taken by governments of China, India, and Japan to promote the use of solar technology to reduce carbon footprint supports the growth of the market in the region. Incentives provided by the governments to the commercial sector industries using solar technology has resulted in high demand of photovoltaic materials in the region. China leads the Asia-Pacific Photovoltaic Materials market during the forecast period. Regions such as North America and Europe export solar cells from Asia-Pacific, thereby supporting market growth in the region. Increasing awareness regarding use of renewable sources and green technologies augments the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

  

The various types of photovoltaic materials include Monocrystalline Silicon, Polycrystalline Silicon, Cadmium Telluride, and Copper Indium Gallium Selenide among. The Polycrystalline Silicon segment is expected to lead the market during the forecast period owing to affordable manufacturing process and use in varied applications. The Copper Indium Gallium Selenide segment is expected to grow at the highest CAGR during the forecast period.

 

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The well-known companies profiled in the report include DuPont, Targray Technology International, Inc, Shin-Etsu Chemicals Co., Ltd., Mitsubishi Material Corporation, Hemlock Semiconductor Corporation LLC, Atecom Technology Co., Ltd., American Elements, Ferrotec Corporation, Topray Solar, Hangzhou First Applied Material Co. Ltd., 1366 Technologies Inc., NovoPolymers NV among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Petrochemicals Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

According To A New Report Published By Polaris Market Research The Petrochemicals Market Is anticipated to reach over USD 1,203.2 billion by 2026. In 2017, the ethylene segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant growth in industries such as healthcare, automobile, construction, food and beverages, along with government initiatives and funding is expected to support the growth of this market. Other driving factors include abundance of raw materials in Middle East and favorable regulatory policies in Asia-Pacific. However, increasing environmental concerns, growing demand for bio-based chemicals, and price volatility of crude oil and natural gas are expected to restrict the growth of the market. Increasing demand from developing nations, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.

 

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Petrochemicals are used in a wide range of applications in medical and healthcare sector. Phenol and Cumene are used for creation of a substance used for manufacturing of penicillin and aspirin. Petrochemical resins are used in drug purification, drug manufacturing for treatment of AIDS, cancer, and arthritis, development of artificial skin and limbs, and manufacturing of medical equipment such as bottles, and disposable syringes among others. In the food industry petrochemicals are used in manufacturing of food preservatives, chocolates and candies, and food coloring among others.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in automotive and construction industries, and rising standards of living are expected to drive the market growth. Increasing disposable incomes in developing countries of this region, increasing applications of petrochemicals, and competitive manufacturing costs are further expected to support market growth.  Rapid urbanization, and rising shale gas explorations in the region are expected to further provide growth opportunities during the forecast period.

 

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The different types of petrochemicals include propylene, benzene, ethylene, butadiene, xylene, styrene, toluene, vinyls, methanol, and others. In 2017, ethylene accounted for the highest market share. However, adoption of methanol is expected to grow at the highest CAGR during the forecast period. The increasing demand of methanol for gasoline blending, and MTO (methanol to olefins) processes is expected to support its adoption in the coming years.

 

The well-known companies profiled in the report include include Royal Dutch Shell PLC, BASF SE, British Petroleum, The DOW Chemical Company, China National Petroluem Corporation, Chevron Corporation, ExxonMobil Corporation, LyondellBasell Industries Inc., INEOS Group Ltd.,  E. I. Dupont De Nemours & Company, Sabic, and Sinopec Ltd among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Well Cementing Services Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Well Cementing Services Industry: Opportunities in 2021

The global well cementing services market size is anticipated to reach USD 13.38 billion by 2026 according to a new study published by Polaris Market Research. The report “Well Cementing Services Market Share, Size Trends & Industry Analysis Report [By Process Type (Primary Cementing, Remedial Cementing, Others); By Application (Onshore and Offshore); By Regions]: Segment & Forecast, 2019 – 2026” provides contemporary market insights and taps future market trends.

 

Well cementing operations are a crucial part of the well completion process. The function is cessation of water. The primary function is to seal lost circulation areas where there is reduced flow within the bore. It is a matter of great concern to know that the oil and gas industry has seen many reversals due to massive fluctuations in crude oil and gas prices. However, with several discoveries of new reserves, demand is expected to grow at a fast pace over the forecast period.

 

The cementing services for the petroleum industry are in the nascent stage of its economic cycle. The industry is distinguished by an increasing number of entrant service providers within the industry. The service providers of cementing have benefited unduly from oil and gas that need cement for sealing and casing. The slowdown in crude oil prices has hit the market to a certain extent. Strict regulations regarding cementing processes and its materials are expected to restrain industry growth in several nations. As the industry is fully dependent on production of oil and gas, its low prices have been a major distractor to market growth. The dip in crude prices has outweighed the market disrupting regional growth among oil producing nations.

 

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The classification has different grades of cement for different geographies. Remedial well cementing services look attractive in low crude price category. The industry is very much in favor of growth in coming years because of commissioning of several new reserves in Brazil, China, Russia and several parts of Europe. Onshore segment was the largest application sector because of large number of oil wells compared to offshore drilling. However, offshore drilling has far outstripped the onshore segment because of increased rate of drilling in offshore region.

 

Recent discoveries of oil and gas in African region are expected to drive new opportunities for further expansion. The Middle East is the largest market though North America stands out in industry growth with recent spate of discovery of shale gas reserves.

 

North America owes shale gas discovery as the driving factor for the region to be the most revered oil producing nation. Furthermore, with rising trend of sustainable production of energy in the U.S, energy companies have been concentrating on hydrocarbons from unconventional reserves as much as traditional ones. This trend will drive the growth into the future for well cementing services market.

 

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The main players in the well cementing services market include Gulf Energy LLC, Sanjel Corporation, Condor Energy Services Ltd., Nabors Industries Ltd., Calfrac Well Services Ltd., Trican Well Services Ltd., Schlumberger Limited, Baker Hughes Inc., Viking Services, Tenaris and China Oilfield Services Ltd. among others.

 

Food amino acids Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Food amino acids Industry: Opportunities in 2021

The global food amino acids market is expected to reach more than USD 4.02 billion by 2026 with a CAGR of 6.7% during the forecast period as per a new study released by Polaris Market Research. The report “Food Amino Acids Market size By Product Type (Lysine, Glutamic Acid, Methionine, Tryptophan and Others); By Source (Animal-Derived, Plant-Derived, Synthetically Derived); By Application (Infant Food Formulations, Convenience Food, Food Fortification, Beverages & Others); By Regions, Segments & Forecast, 2017 – 2026” provides an extensive analysis of present market dynamics and predicted future trends.

 

Increasing health and balanced diet awareness associated with rising healthcare cases is fueling the food amino acid market demand in near future and overcoming the requisites of protein deficiency. Proteins, essential part for health and balanced diet, are macromolecules that are built by joining chains of amino acids. Several proteins chains are created by using the 20 essential amino acids and are further modified into three-dimensional shapes to accomplish particular body functionality. Increasing awareness for protein importance among consumers of the have urged the increased application of amino acids by the food and beverage manufactures or formulators.

 

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Every cell, comprising the transporters, membranes, immune system components and enzymes, in human body significantly uses protein to performs vital functions. In human bodies, the activities of tissues and its components are fragmented and re-constructed periodically result in protein production, that ultimately necessitates the relentless supply of amino acids in the diets. Daily consumption of all twenty amino acids is essential for building of new proteins.

  

Isoleucine, lysine, leucine, methionine, valine, threonine, phenylalanine histidine and tryptophan are nine out of twenty amino acids denoted as essential or indispensable amino acids. These are supplemented via food source as they are not formed in human body. Henceforth, increasing consumer awareness and potential importance protein for healthy life maintenance, has increased the application by manufacturers in food and beverage products.

 

Asia-Pacific region held the largest market share in 2017. The market is driven by the region’s escalating food & beverage industry owing to rising population, growing consumer health awareness, mounting ingredient and food manufacturers investments. Additionally, the amino acid market is driven by rising economic developments of developing nations such as India, South Korea, Vietnam, and other South East Asian countries.

 

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Some of the leading companies currently operating in the industry include Kraemer Martin GmbH (Azelis) , CJ Corporation, Pacific Rainbow International, Inc., Monteloeder S.L., Taiyo International , Rochem International Inc., Kingchem LLC , Sunrise Nutrachem Group, Amino GmbH, Brenntag AG, Sigma-Aldrich, Shaoxing Yamei Biotechnology Co., Ltd., Hugestone Enterprise Co., Ltd., Pangaea Sciences Inc., Qingdao Samin Chemical Co., Ltd. , Daesang Corporation , Prinova Group LLC , Kyowa Hakko Kirin Group,  Evonik Industries, and Ajinomoto Co., Inc.

Off Road Motorcycle Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 The Off Road Motorcycle Market is anticipated to reach 412 thousand units by 2026 according to a new research published by Polaris Market Research. In 2017, the recreation application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the off road motorcycle market revenue during the forecast period.

 

The growing demand for sports and adventure activities, along with initiatives from private organizations to promote biking activities has boosted the adoption of off road motorcycles. The rising tourism activities, and growing disposable income of consumers further support the growth of this off road motorcycle market. Increasing investments by vendors in technological advancements, improving living standards, and growth in adoption of electric bikes would accelerate the adoption of off road motorcycles during the forecast period. Growing demand from emerging economies, and increasing demand from defense sector are expected to provide numerous growth opportunities for off road motorcycle market during the forecast period.

 

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The North America off road motorcycle market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period. The growing trend of adventure sports in this region, and high purchasing power of consumers in countries such as U.S. and Canada drive the market growth in the region. The growing tourism industry in the region further supports market growth in the region. The growing demand from the defense sector is expected to boost the market growth in this region during the forecast period. Asia Pacific off road motorcycle market is expected to grow at the highest rate during the forecast period owing to increasing disposable incomes of consumers in India, China, Australia, and South Korea, and the flourishing tourism industry.

 

The leading companies profiled in the off road motorcycle market report include Husqvarna Motorcycles GmbH, TRS Motorcycles, Kawasaki Motorcorp, Alta Motors, Chritini Technologies, Ural Motorcycles, KTM AG, BMW Group, and ROKON International Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Automotive Powertrain Systems Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Automotive Powertrain Systems Industry: Current Trending in 2021

 

The global Automotive Powertrain System Market is anticipated to reach around USD 892 billion by 2026 according to a new research published by Polaris Market Research. The passenger vehicle segment dominated the global automotive powertrain system market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Powertrain System market.

 

The significant increase in demand for passenger and commercial vehicles, and growth in global automotive industry boosts the demand for automotive powertrain system. The demand for automatic transmission has increased significantly, thereby supporting market growth. The growing trend of downsized engines further boosts the adoption. The introduction of stringent government regulations regarding carbon emissions has encouraged market players to launch efficient and eco-friendly automotive powertrain system. New emerging markets, emerging consumer demographics, and technological advancements would provide growth opportunities for Automotive Powertrain system market in the coming years.

 

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In 2017, Asia-Pacific accounted for the highest share in the global Automotive Powertrain System market. The governments in the region have introduced stringent regulations regarding vehicular emissions owing to environmental concerns. The growing demand for automobiles in the region, and technological advancements would accelerate the demand for automotive powertrain system systems during the forecast period. The increasing economic growth, and increasing demand from countries such as China and India further increases the adoption of automotive powertrain systems in the region. The high penetration of electric vehicles in the region further promotes the adoption of automotive powertrain systems.

 

The well-known companies profiled in the Automotive Powertrain Systems market report include Ford Motor Company, Hyundai Motor Company, Volkswagen AG, ZF Friedrichshafen AG, Toyota Motor Corporation, General Motors Company, Aisin SeikiCo., Ltd, Delphi Automobile, Denso Corporation, and GKN PLC. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Commodity Plastics Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Commodity Plastics Industry: Opportunities in 2021

The global commodity plastics market size is anticipated to reach $651.8 billion by 2026, growing at a CAGR of 7% during the forecast period, according to a report published by Polaris Market Research.  The report ‘Commodity Plastics Market [By Product Type (PE, PP, PVC, PET, PS) By Application (Automotive, Consumer Goods, Electronics, Packaging, Pharmaceuticals, Textiles), By Regions & Segments Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

 

The market is anticipated to significantly witness a considerable growth during the forecast period on account of rapidly rising demand for high performance end-use products such as lightweight packaging materials. In addition, the improving economic parameters and improvised standards of living in emerging counties are likely to be the crucial drivers which have flourished the market growth.

 

Demand for commodity plastics has also grown on account of increase in the metal prices. The global plastic industry has been forced to focus on innovation concerning biodegradability of plastics as many nations have banned the use of plastics that is non-biodegradable. Also, light-weight electric vehicles have increasingly gained significance which in turn has further strengthened the demand for the electric vehicles.

 

Commodity plastics indicate higher scope of applications across numerous end-use industries as these are supplied in bulk and have excellent chemical properties. In addition, these can be utilized for numerous applications such as packaging, garbage containers, photography, clothing, and magnetic tapes among many. These are also applied in industries such as consumer goods, automotive, manufacturing, packaging, electronics, construction, textiles, and pharmaceutical.

 

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Based on product-type the market is bifurcated into Polystyrene (PS), Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Poly (methyl methacrylate) (PMMA), and others. Among them, PE is the most extensively used and product-type with highest demand. This is due to its chemical & physical properties such as their simple structure, insensitivity to a majority of solvents, and high electrical resistance. Also, these bulk plastics are readily available and at lower costs.

 

On the basis of application, the market has been segmented into consumer goods, automotive, electronics, textiles, pharmaceuticals, packaging, and others. Among all the application segments, packaging sector holds highest market share and is anticipated to remain same during the forecast period. The most crucial reason behind such dominance is the rapidly growing demand for such bulk plastics by the manufacturing industry for the production of high-end packaging products and plastic goods.

 

The Asia Pacific is anticipated to be the largest and fastest-growing regional player for the market This is mainly due to the rapidly increasing living standards of the growing middle-class. The middle-class population in the developing countries of this region are increasingly seeking for even higher standards of living, and are likely to spend heavily on electronic appliances, packaged goods, clothing automobile, other goods that make use of commodity plastics in some or the other way.

 

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Competitive Landscape and Key Vendors

The global commodity plastics market is characterized by presence of numerous multinational and domestic players. Th industry is fairly concentrated in nature. Some of the established market players in the industry include Exxon Mobil Corporation, The Dow Chemicals, BASF SE, SABIC, China Petroleum & Chemical Corporation (Sinopec), Mitsubishi Chemical Corporation, INEOS, LyondellBasell Industries N.V., Formosa Plastics Corporation, and LG Chem Ltd.

 

The established market players are actively involved in the increasing number of R&D activities in order to manufacture innovative plastic products. In addition, these players are also striving hard to enhance their existing product portfolio to stay equivalent to their level of competitors.

 

3d Printing Metal Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global 3d Printing Metal Industry: Opportunities in 2021

The global 3D printing metal market is expected to reach USD 3.06 billion by 2026 with a CAGR of 23.6% during the forecast period as per a new study released by Polaris Market Research. The report “3D Printing Metal Market [By State (Powder, Filament, and Others); By Metal Type (Titanium, Nickel, Stainless Steel, Aluminum, and Others); By End-Use (Medical, Automotive, Aerospace & Defense, and Others); By Regions]: Market size & Forecast – 2018 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends.

 

Large industrial application has significantly increased the 3D printing (3DP) metals market growth. Additive manufacturing technologies such as 3D printing are their prime applications. Features such as low weight and high strength, with exceptions of very high resistivity to corrosion feature, makes the application of 3D printed metals favorable. Increased emphasis by leading manufacturers, expert 3D printer vendors, 3D printing service agencies, software vendors, professional service providers, and other stakeholders is increasing the attractiveness of the 3D printing metal market.

 

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Globally, the 3DP metals market is driven by aerospace & defense industry. This know-how marks in lighter, faster, and highly efficient materials and technologies as compared to traditional ones. Furthermore, The 3DP metals manufacturing is flagged by high value customized production which makes it alluring the small, medium-sized, and big businesses. 

 

The growth of 3D printing metal industry is substantially influenced by the medical industry as well and has prime application in hearing aids manufacturing. Technological advancement in 3D printers significantly impact the medical industry owing to rising focus of healthcare practitioners on quality improvement, cost reduction, and growing theragnostic approach.

 
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3DP metal industry is characterized by lucrative growth opportunities for both suppliers and operators. Suppliers have potential to capture lead by reducing cost of supply aftercare services. This makes potential application analytics for the spare parts consumption, and minimizing the length of development and retooling process. Varied metals used in the manufacturing process are customized as per the end-user’s. The fastest growth is anticipated by Titanium owing to excellent production precision properties and greater features over all other types of metal.

   

The market is dominated by North America with the United States holding the largest share in the region. Further, the Asia Pacific market is projected to grow with the fastest CAGR during the review period owing to high R&D investments and rising manufacturing market by big market participants in South Korea, China, and Japan, and liberating administration guidelines. The global 3D printing metal market is consolidated and comprise of varied companies. Few key organizations include Arcam AB, 3D Systems Corporation, ExOne GmbH, Renishaw Plc, Hoganas AB, Carpenter Technology Corporation, Equispheres, Materialise NV, and Sandvik AB.

 

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Electric Vehicles Market 2021, Scope and Price Analysis of Top Manufacturers Profiles

 The global electric vehicles market is anticipated to reach USD 912 billion by 2026 according to a new study published by Polaris Market Research. Electric vehicles are one of the fastest growing mode of transport which have adopted smart technologies. It constitutes of electric buses, cars, trucks, and electric bikes. The market is maturing at a fast rate due to increasing demand, initiatives to expand electric vehicle charging stations, and diverse vehicle models. Large number of consumers have become more familiar with these technologies and the trend is spreading fast across the world economies.

 

Government initiatives to accelerate the shift of their nation’s vehicle fleet from combustion to electric drive has led to rapid growth in the sale of the electric vehicles. Some of the actions undertaken in 2018 by the federal and state regulators in this regard include Evolve NY (an electric vehicle expansion initiative in New York), funding opportunities for advanced electric vehicle projects by the U.S. Department of Energy, and rebate programs for EV charging stations in Ohio, U.S. Oil dependence benefits, climate change, and clean air are the most crucial factors for different governments across the world to promote the electric vehicles among consumers.

 

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Apart from these factors, one another significant parameter includes economic benefits from manufacturing of the future electric car industry. The automobile manufacturing hubs such as the United States, Germany, and Japan will have much to lose if they do not support the transition to electric vehicles.

 

 

Electric vehicle sales & production has witnessed a tremendously rapid growth due to numerous advanced technological developments. The manufacturing companies have undertaken R&D concerning the design, range, and maintenance of these vehicles. In 2017 ten big companies (Tesla, BAIC, BMW, Volkswagen, Toyota, and five others) had more than 50,000 in annual sales as compared to five such companies in 2016.

 

Asia is the most popular region for the growth of electronic vehicles with China as the most significant global player. Other Asian countries such as South Korea and Japan along with China have been major battery providers. Increase demand from India for the electric vehicles has also contributed towards the growth of this regional market. However, the global industry is also subjected to some restraints such as high product price. Electric vehicles are highly priced and are not affordable by each consumer, especially in the countries with lower economic growth. Moreover, the maintenance of the electric bikes is costly and requires frequent charging and changing of batteries. Some battery related issues also include lead emissions from few batteries and the energy storage systems, are some of the factors restraining the market growth.

 

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The global electric vehicle industry constitutes of many international and domestics players. Some of the key players include Volkswagen Group, Tesla, BMW, Mercedes, Toyota, BAIC Corporation, General Motors, Ford, and Nissan-Renault-Mitsubishi.

Traffic Road Marking Coating Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Traffic Road Marking Coating Industry: Opportunities in 2021

The global traffic road marking coating market size is expected to reach USD 7.26 billion by 2028 according to a new study by Polaris Market Research. The report “Traffic Road Marking Coating Market Share, Size, Trends, Industry Analysis Report, By Product (Thermoplastic, Paint, Preformed Polymer Tape, Others); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

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The rapid increase in traffic congestion across the globe majorly drives the growth of this market. Growing concerns regarding road safety coupled with increasing need to efficiently control and management road traffic supports the market growth. A significant increase in the number of road accidents has been registered, which encourages governments to improve the road infrastructure. There has been an increasing construction of roads, especially in the developing regions of Asia-Pacific and Latin America, which further augments the growth of this market. Introduction of organic road marking coatings along with increasing awareness regarding the use of environment friendly marking materials would provide growth opportunities for traffic road marking coating market in the coming years.

 

 The well-known companies profiled in the report include : Vertex Group, Geveko Markings, Dow Chemical Company, Asian Paints PPG Pvt. Ltd., Lanino Road Marking Products, Kataline Infraproducts Pvt. Ltd., Ozark Materials, LLC, Kestrel Thermoplastics Ltd., Crown Technology LLC, and WJ Products Ltd. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Asia-pacific is expected to grow at the highest CAGR during the forecast period. There has been increase in construction of roadways in the developing countries of Asia-Pacific. The increasing need to improve infrastructure is increasing the demand of traffic road marking coating in the region. Governments in the region are increasingly investing in the development of roadway infrastructure, augmenting the market growth. Growing concerns regarding road accidents, and rising need to control them further promotes the growth of this market. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

  

The various types of traffic road marking coatings include thermoplastic, paint, preformed polymer tape, and others. The paint segment is expected to lead the market during the forecast period owing to its increasing demand from the developing regions. Use of paint is generally preferred owing to its easy availability and ability to dry at a faster rate. Thermoplastic is expected to grow at the highest CAGR during the forecast period.

 

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Thermal Insulation Coating Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

Tannin Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Tannin Industry: Opportunities in 2021

The global tannin market size is expected to reach USD 3.78 billion by 2028, according to a new study by Polaris Market Research. The report “Tannin Market Share, Size, Trends, Industry Analysis Report, By Product (Hydrolysable, Non-Hydrolysable, Phlorotannins); By Application (Leather Tanning, Wood Adhesives, Wine Production, Others); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The rapid increase in the demand for the product from the leather industry majorly drives the growth of this industry. Growing demand from the wine industry and increasing disposable income especially in developing regions support the industry growth. Consumers are increasingly consuming alcohol owing to rising living standards, rising disposable income, and improving lifestyles.

 

The rising demand of luxury goods, automobiles with luxurious leather interiors, clothes, and shoes are expected to drive the industry during the forecast period. The growing use of the product in applications such as healthcare, and wood adhesives would further supplement the industry growth. New emerging markets and emerging consumer demographics would provide growth opportunities for the tannin market over the coming years.

 

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Europe accounted for the majority of the revenue share in 2020. The highly established wine industry majorly drives the industry growth in the region. The increasing demand from the leather and automotive segment further augment the adoption of the product.

 

Leather is used in the automotive segment to design luxurious interiors for cars. Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing population, rising disposable incomes, and improving lifestyles in developing countries of this region.

 

A significant increase in the demand for luxury leather goods, and the food manufacturing industry has been registered in the region, thereby boosting the tannin market. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

The product is used in various applications such as leather tanning, wine production, and wood adhesives among others. The leather tanning segment is expected to lead the industry during the forecast period owing to increasing demand of leather from textiles and automotive industries. The segment involves treating animal skins and hides for the production of leather. Rising disposable income, high standards of living, and growing demand for leather goods drive the growth of the industry.

 

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The well-known companies profiled in the report include Forestal Mimosa Ltd., Tannin Corporation, Laffort SA, Tanac S.A., Tanin Sevnica d.d., Zhushan County Tianxin Medical & Chemical Co., Ltd., S.A. Ajinomoto OmniChem N.V., Polson Ltd., W. Ulrich GmbH, and Ever s.r.l. among others. These companies launch new products and collaborate with other industry leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.