Passenger Drones Market Is Expected to See Huge Growth. Latest Research Report

 The global passenger drones market is estimated to reach USD 1,419.5 million by 2026 growing at a CAGR of 29.5% during the forecast period, according to a new study published by Polaris Market Research.

 

Passenger Drones are move people for short to medium distances. Being capable of vertical takeoff and landing (VLOT), these can replace driving on roads in cities. Passenger Drones will solve the problem of transport during peak travel time and overcoming obstacles like bridges or lakes. Not just daily commute, passenger drones can be of great significance in adversities and be used for rescue, search operations, emergency supply delivery or air ambulance.

 

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The growing need for cheaper, faster and cleaner transport is increasing the demand for transport alternatives. The increasing demand for intelligent technologies that reduce emissions and offer higher energy efficiency play a key role in the passenger drone market growth. The increasing penetration of mobile devices and technological advancements in components such as camera, mapping software, and others are expected to further support passenger drone market growth.

 

The decline in drone costs and technological advancement is encouraging significant investments in the technology. The growing urban population and their aspiration to avoid traffic congestion will further push the passenger drone market growth during the forecast period. However, safety, security, and privacy concerns restrict the market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

 

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Europe generated the highest revenue in the market during 2017. The increasing population, and growing need for efficient travel options drives the growth of this market. Presence of key players in the region, significant investments, and increasing technological innovation further support the market growth.

 

The different components used in passenger drones include hardware, software, and services. In 2017, the hardware segment accounted for the largest share in the global market. The hardware used in passenger drones include technologically advanced cameras, navigation systems, frames, controllers, propulsion systems, and others.

 

The well-known companies profiled in the passenger drones market report include Ehang, Volocopter GmbH, AeroMobil, Joby Aviation, Uber Technologies Inc., Boeing, Airbus S.A.S., Astro Aerospace, Cartivator, Lilium, and Terrafugia among others. These companies are consistently launching new products to enhance their offerings in the passenger drones industry. With the advancement of technologies, companies are innovating and introducing new solutions to cater to the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their offerings to improve their market reach

 

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Halal Food Market Is Expected to See Huge Growth. Latest Research Report

 The Halal Food market growth is primarily due to increase in Muslim populations and their rising annual spending on food. This has created a surge in demand for halal food & beverage products. Increasing demand has also compelled market players to engage in authentic and branded products. Presently, consumers are exhibiting growing interest in halal industry. This is primarily due to the increasing consumer awareness about the nutritional and hygiene advantages, and improving lifestyles as a result of increasing disposable income. These products being processed and packed with much higher regulatory compliance compared conventional food products are gaining significantly popularity. Basically, they do not contain contents or ingredients that are against Islamic beliefs.

The global Halal Food Market is anticipated to reach USD 922.53 billion by 2026 according to a new study published by Polaris Market Research.

  

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Some of the leading industry participants in the Halal Food market include Cleone Foods, Prima Agri-Products, Cargill, Kawan Foods, Janan Meat, Saffron Road Food, Dagang Halal, QL Foods, Al Islami Foods and Nestle.

 

Halal foods are expected to be produced, packaged, stored, and distributed as per Islamic teachings. Moreover, these products are considered to be safe, clean, and highly nutritional. The significant growth in Muslim populations across the globe is expected to offer immense opportunities to Halal Food market. In addition, the rapidly accelerating economic power of Islamic countries is anticipated to largely influence them to spend additional money on the branded products.

 

The growing issues over the absence of proper regulatory framework to assure the authenticity of these products might be a restraint to the commercially produced halal food. The industry can be considered as a fragmented one and the absence of standardized regularizations has repressed the mainstream F&B participants from venturing this section of the worldwide Halal Food market. However, the number of small scale companies meeting the needs of the local populations has been increasing significantly.

 

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Low level of awareness about the presence of authentic halal food brands is acting as a challenge to the industry. As a consequence, the industry is not experiencing demands to its full potential as expected. Moreover, halal authentic issues within the sector are considered quiet minor among consumer. Thus, this requires manufacturers to improve their marketing strategies and production facilities. Furthermore, it becomes difficult to understand consumer perspective about halal food & beverage brands.

The Asia Pacific Halal Food market is anticipated to dominate the global market by 2026, owing to the presence of emerging nations such as India, Indonesia, Malaysia, Bangladesh, Maldives, and Pakistan. These nations have significant population that follows Islamic beliefs. Moreover, the rising economic conditions in the region provides an opportunity for the foreign players to start of their production facilities, thus offering cost effective products the consumers in the region.

 

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Carbon Black Market Is Expected to See Huge Growth. Latest Research Report

 The global carbon black market size is anticipated to reach 17.58 billion by 2026, growing at a CAGR of 5.2% during the forecast period, according to a report published by Polaris Market Research.  The report ‘Carbon Black Market By Product Type (Thermal Black, Channel Black, Furnace Black, and Others), By Application (Plastics, Tire, Non-tire, Coatings and Others), By Regions& Segments Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

 

Carbon black is generally a reinforced material into components of vulcanized rubber and finds numerous applications wherein majorly the 60% of it is consumed in manufacturing of the automobile tires. Special blacks that have been introduced in the market for over a decade is substantially highly priced per kilogram in comparison to the carbon blacks for commodity production. Special blacks have still not been commercialized in every aspect and are still mainly in the developing stage of the product lifecycle. Also, the manufacturers have invested heavily in their R&D activities.

 

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Coatings, plastics, paints, inks, and others are among the most widely used solutions in the infrastructure & construction sectors. These industries have witnessed rigorous growth in the developed nations. In the developing countries such as those of Asia Pacific region also these industries have witnessed tremendously higher growth. Construction industry in Latin America has also seen significant boom for the past five years due to strong manufacturing base in the U.S. Asia Pacific has also developed extensively in terms of being a major manufacturing hub with major contributing economic efforts from countries such as South Korea, India, Japan, and some of the South East Asian countries.

  

The presence of international leading car manufacturing countries such as South Korea and Japan have further strengthened the development of rubber and expansion of the tire manufacturing base in the whole region. The tore manufacturing sector in China and India has witnessed tremendous growth since 2010. Both these countries are known to be among the major exporters not just in their regional market instead internationally. The above-mentioned parameters and mega trends have strengthened the demand of carbon black significantly with rapidly growing production and consumption trends.

 

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Carbon Black Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

 

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Competitive Landscape and Key Vendors

Asia Pacific is anticipated to become the dominant player by 2026. This is mainly due to the presence of strong base of automobile manufacturing in few of its countries. Moreover, increasing automobile production in countries such a India coupled with other Southeast Asian countries India’s increasing automobile production along with the other Southeast Asian countries are among the crucially significant factors driving the market demand.

 

Numerous projects related to R&D phase have been undertaken by large number of leading players couple with the active participation of universities and organisations which has significantly strengthen the demand for high-quality carbon black. The U.S. has also been a significant contributor to the market because of its advanced automobile manufacturing. Strong manufacturing base in the country coupled with rapid growth in the automobile production has led to high demand in the country. Mexico and Canada are also anticipated to be substantially crucial markets for the carbon black.

 

Some of the significant market players for the carbon black include Cabot Corporation, Shandong Huadong Rubber Materials Co., PJSC, Ltd., Suzhou Baohua Carbon Black Co., Ltd., Shandong Lion King Carbon Black Co., and Asahi Carbon Co., Ltd. Some more companies include Himadri Chemicals & Industries Ltd., Nippon Steel & Sumikin Chemical Co., Ltd., Ltd., Mitsubishi Chemical Corporation, Longxing Chemical Stock Co, Ltd., Ralson Goodluck, SID Richardson & Energy Co. Tokai Co., Ltd., OCI Company Ltd., Jiangxi Cat Inc., Ltd., China Synthetic Rubber Corporation, OMSK Group OOO, Orion Engineered S.A., Phillips Black Limited, and Thai Carbon Black Public Company Limited.

 

Polaris Market Research has segmented the global carbon black market on the basis of product, application and region:

 

Carbon Black by Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

• Granular Carbon Black
• Powdered Carbon Black
• Others

Carbon Black by Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

• Gaseous Phase
  • General Industries
  • Automotive
  • Others
• Liquid Phase
  • Chemicals
  • Pharmaceuticals
  • Food & Beverage
  • Others

Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • UAE

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Autonomous Cars Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 Global Autonomous Cars Industry: Set to Witness Huge Growth by 2026

The worldwide Autonomous Cars Market is anticipated to reach over 263,532 units by 2026 according to a new research published by Polaris Market Research. In 2017, North America accounted for the majority share in the global autonomous cars market.

 

The increasing adoption of connected cars, along with growing need to automate driving to reduce human errors majorly drives the autonomous cars market growth. Market players such as Google, BMW, and Mercedes are increasingly developing advanced technologies for self-driving cars. The increasing need for improved road safety, and increasing disposable income would encourage consumers to invest in autonomous cars. Other factors driving the autonomous cars market growth include technological advancement, growing adoption of IOT, and dynamic mobility services. New emerging markets, emerging consumer demographics, and significant investments in research and development would provide numerous growth opportunities in the market during the forecast period.

 

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In March 2018, Nissan announced the integration of ProPilot Assist, its semi-autonomous driver assist system into its range of Nissan Altima cars. ProPilot Assist is a Level 2 self-driving system offering speed control, distance from other cars, and lane control with minimal input from the driver. Cameras integrated into the system are capable of detecting lane markings at highway speeds, adaptive cruise control, lane-keeping, and blind spot detection.

 

 

North America is expected to dominate the global autonomous cars market during the forecast period. This is due to high living standards and high disposable income. Presence of global players in these countries taps market potential and boosts the market growth. Increasing technological advancements and significant investments in research and development for development of self-driving cars support the market growth in this region. The government regulations regarding testing of driverless automobiles on public roads enables market players to introduce advanced self-driving technologies.

 

The major companies operating in the autonomous cars market include General Motors, Alphabet Inc., Uber, Daimler, BYD, Nissan, Honda Motor Corporation, Tesla Motors, Bayerische Motoren Werke AG, and Mercedes-Benz 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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Powder coatings Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 Global Powder coatings Industry: Set to Witness Huge Growth by 2026

The Global Powder Coatings Market is anticipated to reach USD 16.85 billion by 2026 according to a new study published by Polaris Market Research.

 

Shifting trend towards usage of powder coatings in place of PVDF liquid due to higher utilization rates, easy application and lower impact on environment is expected to boost the global powder coatings market over the forecast period. Due to the heavy impact of volatile organic compounds (VOCs) on the environment, various regulatory bodies and governments have implemented strict regulations on the usage of solvent based conventional coatings, which in turn having an effect on the rising demand of powder coatings.

 

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Various advantages of using powder coatings including better finishing capabilities and lower thickness of films is also boosting the demand for powder coating across the globe. The thickness of films has a significant effect on the production costs, hence the thinner films cause decreased manufacturing costs for specific application areas including automotive parts, coils, and cans among others. For example, PPG industries has launched a product named Envirocron, which increases the transfer efficiency for applications such as aluminum extrusion and metal furniture among others.

 

Asia-Pacific is expected to hold the largest share in global powder coatings market followed by Europe. North America is estimated to stay in the third position throughout the forecast period after Asia-Pacific and Europe both in terms of volume and revenue. Growing demand for furniture, growing urbanization and subsequently expanding retail industry is anticipated to be the major driving factors boosting the Asia-Pacific powder coatings market. As per Polaris Market Research, the Asia-Pacific furniture market is expected to grow at a CAGR of 5.9% from 2018 to 2026, which is estimated to boost the demand for powder coatings in the region.

  

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The major drivers boosting the global powder coatings market are low negative impact on environment, low film thickness and booming automotive industry among others. Higher maintenance cost is acting as one of the major restraints for the growth of the market. The usage of aluminum extrusions is highly common in North America, specifically in the architecture segment. According to a study conducted by Polaris Market Research, the global architectural coatings market was pegged at USD 47.34 billion in 2015, majority of which includes powder coatings. According to The Asian Development Bank (ADB), 55% of Asian population will be in cities by 2030 and the urban population in Asia has grown by 44 from 2015 to 2017, which is boosting the demand for furniture, cars as well as architecture, which in turn is driving the powder coatings market.

 

Sherwin-Williams had top the company market share in North America during 2016, followed by PPG Industries. This two companies combined had a share of almost 60% in North America during 2016. While, PPG industries captured over 60% company market share in case of Asia-Pacific during 2016, followed by Nippon. The top players operating in the Europe market are PPG Industries, AkzoNobel, Tikkurila, Caparol and Materis among others.

 

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Palm Oil Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 Global Palm Oil Industry: Set to Witness Huge Growth by 2028

The global palm oil market is anticipated to reach USD 147.59 billion by 2026 according to a new study published by Polaris Market Research. Palm oil is a versatile and important raw material for food, personal care, and other commodity products. The volatility in crude prices, comparatively high hydrocarbon fuel prices along with strong efforts globally to reduce greenhouse gas emissions, demand for biofuels from the transport sector have significantly increased. This is mainly owing to palm oil’s competitiveness in productivity and prices. Rising demand for organic food products, cosmetics, detergents and other naturally ingredient rich or derived commodities, popularity of palm and palm kernel oil have increased exponentially over the past decade.

 

The significant increase in output of the product was mostly influenced by the continued global expansion of planted areas of oil palm. The fact became more apparent when oil palm was featured and considered as a crucial socio-economic harvest in most of its producing countries. The rising market of the product in the worldwide oils & fats industry has been accomplished by leveraging its techno economic advantages compared with the other vegetable oils along with some of the other developments in respect to environment, health, and security of supply globally. These positive factors and developments associated with the product will continue influencing its dominant role globally in the fats & oils demand and supply equation.

 

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Palm oil offers the maximum output value in comparison to other major oilseed crops, such as soya bean, rapeseed, and sunflower. Indeed, the overall annual value per hectare for the product at USD 1135 is highly remunerative than the rapeseed at USD 696, soya bean at USD 543 and sunflower at USD 334. Therefore, in an market space in most nations, where the agricultural or farming land has been shrinking with increasing urbanization owing to industrialization, which is also coupled with the most important fact that inside the agricultural industry oilseeds compete with different grains for larger arable land available, cultivation of oil palm seems to be the most obvious and potential option to satisfy the needs growing oils & fats globally.

 

Asia Pacific is the leading regional palm oil market in terms of consumption and production of palm oil. Indonesia and Malaysia are the leading global producers of palm oil. Indonesian palm oil market cultivation expanded significantly owing to the encouragement of Indonesian Government’s foreign investment plans. The trade along with economic liberalization as well as deregulation of policy and de-bureaucratization created an attracting investment climate.

 

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In Malaysia, palm oil market is well developed and a diversified market. Aside the smallholders and plantations sectors, the processing sector is well-established, that encompasses the refining, milling, crushing and also the oleochemical subsectors. The regional demand for palm oil is meet with a small part production from these two countries and the rest is exported to the USA and Europe.

 

Some of the leading industry participants include Wilmar International, Univanich Palm Oil Public Company Limited, United Palm Oil Industry Public Company Limited,, Sime Darby Plantations, Siat Group of Companies, PT Indofood Sukses Makmur Tbk, PT Astra Agro Lestari Tbk, Musim Mas Group, MM VitaOils Sdn Bhd,, Kuala Lumpur Kepong Berhad, Kempas Edible Oil Sendirian Berhad, IOI Group, Intercontinental Specialty Fats,  Golden Agri Resources Ltd,  Genting Plantations, Fuji Vegetable Oils Inc, Dekel Oil, Carotino Group, California Oil Corp, Boustead Group, Alami Group,  and ADM.

  

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Enzymes Market Is Expected to See Huge Growth. Latest Research Report

 Global Enzymes Industry: Set to Witness Huge Growth by 2028

The Enzymes Market Is Anticipated To Reach Over USD 21.76 Billion By 2026 According To A New Report published by Polaris Market Research. In 2019, the carbohydrase segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

The diverse applications of enzymes in industries such as healthcare, food and beverages, pharmaceutical, personal care, textile, and animal feed among others is expected to support the growth of this market. Other driving factors include introduction of genetically-engineered enzymes, and stringent government regulations regarding use of chemicals. Increasing demand from developing nations, use of enzymes as alternatives for synthetic chemicals, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.

 

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 Enzymes are used in a wide range of applications in medical and healthcare sector. Enzymes are used in diagnosis of diseases, drug manufacturing, cleaning wounds, assisting in healing processes, and analytical testing for disease detection among others. In the food industry enzymes are used in fruit juices, alcohol, baked goods, and preserved food among others.

  

North America generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The presence of well-established industries such as healthcare, pharmaceutical, and food & beverages, substantial initiatives in research and development, and favorable government policies drive the market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing adoption of enzymes in food and beverages, and consumer goods.

 

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The different applications of enzymes include food and beverages, cosmetics and personal care, textile, animal feed, paper and pulp, medical & pharmaceutical, and others. In 2019, the food and beverage accounted for the highest market share. The increasing need to offer high quality and good tasting processed food has resulted in the growth of enzymes in this sector. Enzymes are used in baked goods for regulating the rate of chemical reactions in baking processes. The rising demand of nutritional diet, and favorable government regulations are expected to support market growth during the forecast period.

 

The well-known companies profiled in the report include AB Enzymes, BBI Enzymes Ltd., Advanced Enzyme Technology Ltd., Roche Holding AG, Sanofi S.A., BASF SE, DuPont, Novus International Inc., Novozymes A/S, Associated British Foods PLC, CHR Hansen Holding A/S, and Danisco A/S 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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Virtual reality in gaming Market Is Expected to See Huge Growth. Latest Research Report

 The global Virtual Reality (VR) in gaming market size is expected to reach USD 92.09 billion by 2028 according to a new study by Polaris Market Research. The report “Virtual Reality (VR) in Gaming Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software); By Device (Smartphone, Gaming Console, Laptop/Desktop); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The market for Virtual Reality (VR) in gaming is propelled by factors including, increasing disposable income of people worldwide and continuous improvement in existing gaming technologies including, 3D effects, motion tracking, and interactive graphics for drawing users’ attention. With the increase in spending capacity of people, people are demanding for new sources of entertainment and VR games offers a unique way of entertainment.

 

The hardware component segment of VR in gaming market held more than 50% of the market share in 2020 and is further expected to lead during the forecast period. The high cost of hardware components is the major factor for the increasing growth. However, with the increasing demand for these products, the prices are expected to decline over the forecast period.

 

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The hardware segment is expected to grow very rapidly, the software segment is anticipated to experience modest growth. Adoption of the virtual reality technology has raised user expectation for enhanced software solutions, hence increasing challenges for developers than before.

By Geography, North America region accounted for the largest share for VR gaming in terms of revenue globally in 2020. The growth of North American market is attributed to accessibility of advanced gaming technology as well as acceptance and adoption of VR gaming products including head mounted displays.

 

Furthermore, Europe accounted for the second dominating region in 2020. However, Asia Pacific is projected to witness the highest growth during the forecast period attributed to constantly increasing online gamers in developing countries such as China and India and a strong gamers base in countries such as Japan, Korea, Singapore, Malaysia, and Indonesia.

 

The players operating in the market are constantly focusing on development of new products to efficiently compete in the aggressive market for VR gaming. For instance, Sony launched Project Morpheus VR heads, a head mounted display device that offers high resolution and efficient tracking accuracy.

 

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The major players operating in the Virtual Reality (VR) in gaming include Microsoft Corporation, Sony Corporation, Electronic Arts, Nintendo Company Ltd., Linden Labs, Samsung Electronics Co. Ltd., Facebook (Oculus), Google, Inc., HTC Corporation, and Tesla Studios among others. Companies including Microsoft, Sony and Nintendo are the major players operating in the market.

 

Traffic Road Marking Coating Market Is Expected to See Huge Growth. Latest Research Report

 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.

 

The rapid increase in traffic congestion across the globe majorly drives the growth of this industry. Growing concerns regarding highway safety coupled with the increasing need to efficiently control and manage motorway traffic support the industry growth. A significant increase in the number of motorway accidents has been registered, which encourages governments to improve the motorway infrastructure.

 

There has been an increasing construction of highways, especially in the developing regions of Asia-Pacific and Latin America, which further augments the growth of this industry. The introduction of organic motorway painting coatings along with increasing awareness regarding the use of environment-friendly marking materials would provide growth opportunities for the traffic road marking coating market in the coming years.

 

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Asia-pacific is expected to grow at the highest CAGR during the forecast period. There has been increasing in the construction of motorways in the developing countries of Asia-Pacific. The increasing need to improve infrastructure is increasing the demand for traffic road marks coating in the region. Governments in the region are increasingly investing in the development of motorway infrastructure, augmenting industry growth.

 

Growing concerns regarding highway accidents and the rising need to control them further promote the growth of this industry. 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 industry during the forecast period owing to its increasing demand from the developing regions. The 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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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.

 

Polaris Market Research has segmented the traffic road marking coating market report based on product and region:

 

Traffic Road Marking Coating, Product Outlook (Revenue – USD Billion, 2016 – 2028)

• Thermoplastic
• Paint
• Preformed Polymer Tape
• Others

 

High Performance Thermoplastics Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

  Global High Performance Thermoplastics Industry: Set to Witness Huge Growth by 2028

The global high-performance thermoplastics market size is estimated to reach USD 65.6 billion by 2026 according to a new report by Polaris Market Research. The report “High Performance Thermoplastics Market Size, Share & Industry Report By Product Type (Polyamides, Polyphenylsufone, Sulfone Polymers, Liquid Crystal Polymers, Aromatic Polyketones, Polyethersulfone), By Application (Electrical & Electronics, Automotive, Aircraft, Industrial), By Regions, & Segment Forecast, 2019 – 2026” provides competent analysis of current market position and portrays future market trends.

 

High Performance Thermoplastics are advanced polymeric solutions that abide by industry specific applications. Largely, the demand is driven by the increased application in interior and exterior aerospace and automotive structures. HPTP exhibits excellent properties such as high temperature resistance, high chemical resistance and superior mechanical properties under severe conditions. These properties make it ideal for use in such demanding conditions with a healthy market growth to boast.

 

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HPTP’s are currently the material of choice to be used in aircrafts when over some decades back, major components in aircraft were assembled with aluminum as chief component. This aluminum has made way for high-performance plastics and high-performance carbon fibers. These high-performance thermoplastics are light-weight and resist high temperatures that lead to fuel optimizations.

 

High-performance thermoplastics are the desired material in large industries such as electrical and electronics and industrial applications. Thermoplastics have seen increasing demand in emerging economies such as India and China. A rousing demand in consumer electronic products has significantly attributed success to market growth in thermoplastics. A rising population on a global scale and increasing disposable incomes has powered demand for these products in end-use industries that include thriving growth for market. A sizeable middle-class population and growing urbanization has boosted demand for advanced and modern electrical and automotive products. The lower costs attributed to the product and advancements in product quality have significantly contributed to robust growth of high-performance thermoplastics.

 

The consequence of choosing the wrong material can prove costly. Aerospace and mass transit industries have a very negligible scope for errors and hence any component failure can only prove to be highly disastrous. High-performance thermoplastics are higher-priced but provide great thermal resistance than other engineering polymers. HTTP’s also provide greater thermal stability both in short and long run.

 

Asia Pacific is the leading player for high performance thermoplastics owing to high development of its constituent countries. Japan is a fast-growing and productive country that is leader in electrical and electronics industry which hold true for HPTP’s growth also. Europe and America also have taken gigantic strides in automotive and aircraft industries that impact the HPTP positively. MEA and Africa are tagged with positive market growth for HPTP market.

 

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The players are competing on grounds of modification of existing polymer type via intensive Rand D efforts and processing techniques. The key players in High Performance Thermoplastics Market include BASF, DowDuPont, SABIC, Solvay, Victrex, Royal DSM, Asahi Kasei, DIC Corporation and Honeywell International, Inc.

 

Polaris Market research has segmented the High-Performance Thermoplastics Maket based on product type, application, and region.

• High-Performance Thermoplastics Product Type Outlook (Revenue USD Billions, 2015 – 2026)
  • Polyamides
  • Polyphenylsulfone
  • Sulfone Polymers
  • Liquid Crystal Polymers
  • Aromatic Polyketones
  • Polyethersulfone
  • Others
• High-Performance Thermoplastics Application Outlook (Revenue USD Billions, 2015 – 2026)
  • Electrical and Electronics
  • Automotive
  • Healthcare
  • Aircraft
  • Industrial
  • Others