Wednesday, 4 August 2021

Architectural Coatings Market Size, SWOT Analysis, Emerging Trends and Forecast

Architectural Coatings | 2021 Scope of Current and Future Industry

The global architectural coatings market size is expected to reach USD 99.03 billion by 2027 according to a new study by Polaris Market Research. The report “Architectural Coatings Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Acrylics, Alkyds, Epoxy, Urethanes, Vinyl, Others); By Technology (Water-borne, Solvent-borne, Powder); By Application (Residential, Non-Residential); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for architectural coatings is expected to witness growth on account of increasing demand in the residential and non-residential sectors. In addition, technological advancement in the field of coatings and development of green products is expected to drive the demand for architectural coatings across the globe. Furthermore, increasing construction projects in Asia Pacific countries such as China and India are likely to complement market growth.

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Several traditional solvent-based architectural coatings owing to presence of high levels of Volatile Organic Compounds (VOCs) are losing popularity in the coatings industry. On account of the wide range of advantages of solvent-based coatings such as liquefying properties, increased evaporation rates, and reduced drying time, solvent-based coatings are being used in a variety of industrial applications. Water-borne coatings are gaining popularity on account of eco-friendly nature of the coatings.

Increasing levels of emission of Hazardous Air Pollutants (HAPs) and Volatile Organic Compounds (VOCs) from conventional solvent-based coatings have raised concerns pertaining to environmental degradation. The government across the globe are restricting the usage of toxic and harmful coatings. With enactment of stricter laws and regulations to curb air pollution caused due to hazardous emissions and conventional solvent-based coatings are likely to be soon replaced by green- or bio-based solvents. In order to comply with the laws and regulations, consumers are increasingly opting for green coatings.

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Market participants such as PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Kansai Paints Co., Ltd., Asian Paints Limited, and Nippon Paint Holdings Co., Ltd., BASF SE, Masco Corporation, Jotun Group, and RPM International Inc. are some of the key players operating in the concerned market. The research scholars at the premier IIT Hyderabad are using fly ash to form water repellent structure. These hydrophobic structures can be used as anti-soiling coatings, stainless textiles, self-cleaning coatings, and anti-sticking surfaces for the antennae.

Cosmeceutical Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

Cosmeceutical | 2021 Scope of Current and Future Industry

The global cosmeceutical market size is expected to reach USD 98.7 billion by 2026 according to a new study by Polaris Market Research. The report “Cosmeceutical Market Size, Share & Trends Analysis Report By Product Type (Skin Care, Hair Care, Oral Care), By Distribution Channel (Supermarkets & Specialty Stores, Online Platform), By Region, And Segment Forecasts, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for cosmeceuticals includes the growing category of cosmetic products with drug-like advantages. These products are rapidly outperforming the growth rate of all other product sections in the personal care and cosmetics sector. The various kinds of cosmeceuticals on the market include lip care, hair care, whitening of the tooth, skin care, injection and others. Of these, the section of skin care retains a major share and is followed by the segment of hair care. Anti-aging products are most common in the skin care segment, resulting in peak gross revenue.

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Some of the key players in the market are AVON, Procter & Gamble, Croda International Plc., L’Oréal, Corporation, Beiersdorf, Johnson & Johnson, Allergan, Unilever, Estee Lauder Inc, BASF SE, and Bayer AG among others.

Over-the-counter cosmeceutical medicines are accessible and are usually used as part of daily routine skin care therapy to improve texture, acne, pigmentation, skin tone, and fine lines. Some of the prevalent components used in cosmeceutical products are retinoids, antioxidants, exfoliants, peptides and proteins, and botanical extracts.

Growing consumer awareness of appearance, increasing preference for natural / organic goods, increasing disposable income in emerging economies, the accessibility of technologically sophisticated and user-friendly cosmeceutical products are driving this market’s development. On the other side, it is probable that deceptive marketing methods will restrict market growth. It is anticipated that the increasing number of middle-aged people, a fast-paced life and a burgeoning urban population will further drive market demand. Also stimulating development was the availability on the market of a plethora of superior quality and premium price cosmeceutical products.

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Cosmeceuticals products are used in a host of other tasks, such as tooth whitening, skin irritation, skin lightening. Putting a roadblock on the worldwide cosmeceuticals market’s development route is the fast development of various therapy alternatives. The emergence and popularity of natural and organic products is a main trend observed on the worldwide cosmeceuticals market.

In addition, females are constantly struggling with sedentary and hectic lifestyles of working, so they get far less time to put on daily makeup. This has forced them to purchase medicinally-advantaged cosmetic products to prevent using make-up. In addition, customers worldwide are conscious of the skin’s benefits of antioxidants, organic ingredients, and peptides. Increasing beauty and health awareness among rich and knowledgeable customers has therefore resulted in increased market growth.

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Automotive HVAC Market Business Developments, Segmentation and Technologies 2021-2028

Automotive HVAC | 2021 Scope of Current and Future Industry

The worldwide Automotive HVAC market is anticipated to reach around USD 31,907 million by 2026 according to a new research published by Polaris Market Research. The passenger car dominated the global automotive HVAC market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global Automotive HVAC market.

The significant increase in demand for passenger and commercial vehicles, and growth in global automotive industry boosts the demand for automotive HVAC. The demand for luxury and comfortable vehicles has increased significantly, especially from the emerging economies. Consumers prefer comfortable and enhanced driving experience, which boosts the automotive HVAC market. The increasing awareness among consumers regarding use of eco-friendly products coupled with rising demand for environment friendly refrigerants has encouraged market players to launch efficient automotive HVAC systems. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive HVAC market in the coming years.

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In 2017, Asia-Pacific accounted for the highest share in the global Automotive HVAC market. The growing demand for automobiles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive HVAC systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions and safety owing to environmental concerns. The increasing economic growth, and increasing demand from countries such as China and India further increases the adoption of automotive HVACs in the region. Expansion of global players into these countries to tap market potential boosts the market growth. The increasing environmental concerns have resulted in increased adoption of environment friendly refrigerants in the region. The adoption of geo-thermal heat pumps further supports the market growth in the region.

The well-known companies profiled in the report include Sensata Technologies, Inc., Valeo S.A., Air International Thermal Systems, Delphi Automotive Plc, Johnson Electric Holdings Ltd., Sanden Corporation, Visteon Corporation, Xiezhong International Holdings Ltd., Brose Fahrzeugteile GmbH & Co. Kg, and Mahle Behr GmbH. 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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Benzene Market Quantitative Assessment by Industry Analysis across the Value Chain

Benzene | 2021 Scope of Current and Future Industry

The global Benzene Market is anticipated to reach USD 111.1 billion by 2026 according to a new study published by Polaris Market Research.

Benzene is an aromatic hydrocarbon and a commodity petrochemical product. It is produced as by-product in stream crackers and refineries, thus its supply and demand is driven by other products derived from it. Benzene is a basic chemical and a building block for many other chemical synthesis of the global chemical and petrochemical value chain.

Benzene is used in a broad range of economic sectors such as electrical & electronics, construction, consumer products, transportation, and medical. This petrochemical product has many derivatives such as ethyl benzene, nitrobenzene, cumene, cyclohexane, alkyl benzene, chlorobenzene, aniline, and phenol.

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The rapidly growing industries such as packaging, construction, bulk chemicals & materials, automotive, textiles and building & construction have substantially driven the applications for the benzene derivatives globally influencing the benzene market growth. Rising population in tandem with the increase in disposable incomes has led to growth of many consumer products and bulk materials. Low cost of the feedstock and economical commodity product prices have also contributed to the higher consumption of benzene derivatives.

Benzene is a petrochemical derivative and thus is subjected to price volatility. The fluctuations in the prices of crude oil directly affect the prices of the by-products derived from its hydrocarbon stream in refineries. The benzene industry is highly regulated in terms of policy frameworks as benzene is a toxic chemical where its highlevel exposure can lead to serious environmental implications.

Asia Pacific is the largest regional market for the benzene market due to high consumption in China. Despite a gradually slowing economy, China has witnessed all the additional benzene requirements in the past five years (2012-2017). The consumption has shifted from North America and Western Europe towards Asia and Middle East over the past decade.

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The diverse needs of a growing middle class in China, significant expansion in refinery capacities, large-scale p-xylene plants to feed the downstream petrochemical sector has majorly driven the benzene demand in the country. However, the performance of the China’s economy in the near future is expected to be a vital driver for benzene consumption. Albeit a slower pace, additional benzene capacities are expected to be on-stream by 2021, but just for the production of ethylene.

The global benzene market comprises of large number of international and domestic producers. Global benzene industry has witnessed a shift in competitive landscape towards closer proximity of the refineries. Some of the major benzene market players include Sinopec, BASF, China National Petroleum Corporation, Saudi Basic Industries Corporation, Dow DuPont, ExxonMobil Corporation, and Royal Dutch Shell plc.

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Electric Powertrain Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

Electric Powertrain | 2021 Scope of Current and Future Industry

The global electric powertrain market size is anticipated to reach USD 604.74 billion by 2026 according to a new study published by Polaris Market Research. The report “Electric Powertrain Market Size, Share, & Trend Analysis Report By Product Type (Battery Electric Vehicle (BEV) Powertrain, Mild Hybrid Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, Series-Parallel Hybrid Powertrain); By Vehicle Type (Light Vehicles, Cars, Light Trucks); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electric Powertrains are the recent trends in the automotive industry. The rising trend of adopting a low carbon environment in a singular approach to prevent global warming has heralded the era of electric vehicles (EV’s). Making the most of various energy forms available has led to the development of EV’s. Regulations in regard to Carbon dioxide emissions has been hauled up and redone in the U.S., China, and Japan and European constitutions. As a result, technology has been ramped up. Furthermore, consumers are already burdened by the inflating prices of oil which is reason enough to graduate towards

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An EV derives power from alternative source of energy such as battery in stark contrast to internal combustion vehicles that is driven by fossil fuels such as petrol or diesel. The EV powertrain includes the battery, electric motor and transmission which help generate power to drive the vehicle. The powertrains in any vehicle are considered to be the pivotal component of that vehicle and is identified by its engine and transmission. The power, comfort and safety define the performance quotient of the vehicle.

Currently gasoline vehicles score over diesel ones but are fast losing out because of high priced gasoline which is becoming dearer as compared to diesel oil. This is leading to manufacturers going in for hybrid powertrains to reduce reliance on fuel consumption.

EV’s are the future of the automotive industry as fossil fuels are slated to go extinct in the next few decades. Battery electric vehicles (BEV) powertrains are the most extensively used types in the present organizational make-up. A BEV is powered entirely by electric energy. Powertrains in plug-in hybrid electric vehicle (PHEV) take help in charging from wall-mounted power supply. The series hybrid powertrains are the least used in present industry scenario and in this type; it is designed with a single path for powering the wheels. This type of powertrain operates in many modes including engine only traction, electric only traction, hybrid traction, engine traction and battery charging.

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The Parallel hybrid powertrains occupy two parallel paths for powering the vehicle which is the electric path and the engine path. PHEV operates in five modes and has been gaining significant traction over the years.

The powertrains are an energy-efficient alternative in harmony with the environment. However, they do have limitations. Two most significant ones include lead emissions from the battery and energy storage issues.

The U.S, Japan, China and South Korea account for major production and these countries constitute the new-age countries having promised multi-billion-dollar investments to develop new models. The market is mildly competitive and consolidated on account of various players in the electric powertrain market.

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The key players in electric powertrain market include AVL LIST GmbH, ARC CORE, ALTe Technologies, IET S.p.A, ATS Automation Tooling Systems, Inc., EptDyn, TM4, Jayem Automotives, BMW Motorrad International and AllCell Technologies LLC.

Sugar Confectionery Market Quantitative Assessment by Industry Analysis across the Value Chain

Sugar Confectionery | 2021 Scope of Current and Future Industry

The global sugar confectionery market size is anticipated to reach USD 69.5 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the offline stores segment dominated the global sugar confectionery industry, in terms of revenue. Asia-Pacific is expected to grow at the highest rate during the forecast period.

A significant increase in population, changing eating habits, and rising disposable income drive the market growth. Other factors influencing the global sugar confectionery industry include growing inclination towards gifting of confectionery products, and investments by market players in promotional activities, advertising campaigns, and social media marketing. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific, further fuels the market growth.

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Factors such as increase in per capita income, changes in consumer behavior, and rising trend of e-commerce are expected to accelerate the growth of sugar confectionery industry in the coming years. However, increasing health awareness, rising cases of obesity related diseases, and shift in trend towards consumption of low calorie food are expected to restrict the growth of the sugar confectionery industry. Increasing demand from developing nations, rising demand for organic and premium chocolate products, and growing trend of gifting confectionery products are factors expected provide numerous growth opportunities to the market players during the forecast period.

Asia-Pacific is expected to grow at the highest rate during the forecast period. The increasing population in the region coupled with rising disposable income drives the market growth in the region. The increasing demand of Sugar Confectionery in the region is expected to be driven by growth in countries such as China, Japan, and India. The development in retail market, stable economic growth, and growing trend of using sugar confectionery as gifts supports the market growth in the region.

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The well-known companies profiled in the sugar confectionery market analysis report include Nestle SA, Mondelez International, Perfetti Van Meller, Lindt & Sprungli, Hershey Food Corp, Ferrero Group, Mars Incorporated, Kraft Foods Co., WM Wrigley JR Company, and Haribo GmbH & Co. KG among others. These companies are consistently launching new products to enhance their offerings in the global sugar confectionery industry. With change in lifestyles, companies are innovating and introducing new products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Polyolefins Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

Polyolefins | 2021 Scope of Current and Future Industry

The global polyolefins market size is estimated to reach USD 447.0 billion by 2026, growing at a CAGR 6.2% during forecast period. according to a new report by Polaris Market Research. Polyolefins are the polymeric compounds of olefins and account for over 50% in weight of the produced polymers. The global market comprises more than 300 grades of commercial polyolefins with wide array of mechanical properties. The two major types of polyolefins include polypropylene and polyethylene. They are further subdivided into several grades for numerous end-use applications.

Increasing improvements in plastic technologies, creation of reasonably priced indoors fixtures in vehicles and strict business requirements regarding carbon emissions had been key elements using the enterprise. PE or Polyethylene is fast growing product in terms of volume. High tensile strength along with high impact resistance of the product has contributed to its demand in film and sheet and packaging sectors. PE can be heated to its M.P., cooled and heated again as in line with requirement without great degradation in strength or quality. This offers it prominence in geomembranes, plastic films and bags.

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The worldwide polyolefins marketplace has witnessed rapid increase resulting from very excessive consumption of polyethylene and polypropylene for special end-uses. Plastic demand has grown significantly global and has led to increased consumption of polyethylene. Consumer goods and meals packaging are one of the prime drivers for Organic Cereals marketplace.

Infrastructure improvement, elevated monetary boom and rising according to capita intake have satisfactorily illustrated the increase of possibilities inside the polyethylene industry, resulting in extended consumption of polyolefins. The call for of polyethylene for consumables which includes films, packaging materials and several other items for massive industrial packages and home cause is an important growth parameter.

The growing monetary increase of numerous growing countries across the globe, with improved life and growing non-public disposable earning has helped using commodity products. Such phenomenon is anticipated to elevate the income sales for the end-use merchandise of polyethylene and polypropylene. The global polyolefins constitute of stringent regulatory rules, which is anticipated to be a purposeful restraint.

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Many nations across the world are efficiently creating an after-use plastics economy to lessen the environmental effect of such compounds. Development in the after-use collection, reprocessing & storage infrastructure; radically increasing best, economics & uptake of recycling; and growth inside the monetary attractiveness of retaining substances in the device are a number of the crucial parameters undertaken by the enterprise gamers to beautify sustainability.

The hastily increasing countries with large populations such as China, India and Indonesia encompass very high future boom for the market. Asia Pacific is the most money-making as PE and PP consumption boom is related to substitution of conventional materials, population demographics and infrastructure improvement.

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The Organic Cereals market is highly competitive and comprises large number of domestic and international players. Some of the key players in Organic Cereals market include ExxonMobil Chemical, DowDuPont, Sinopec Corporation, Total SA, Arkema SA LyondellBasell, SABIC and Chevron Philips Chemical Company.

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Technical Textiles Market Quantitative Assessment by Industry Analysis across the Value Chain

Technical Textiles | 2021 Scope of Current and Future Industry

The global technical textiles market is anticipated to reach USD 14.93 billion by 2026 according to a new study published by Polaris Market Research

The primary driving factors for the global market includes the increasing consumer profiles along with income levels, rising end user sectors such as automobiles, sports, healthcare etc. The overall industrial and infrastructure development in the emerging and developed nations are yet other potential reasons for the market growth. Moreover, the initiatives from several governments and other regulatory bodies in attracting substantial investments in development of novel technical textile product are also anticipated to drive the industry growth. These products represent mainly a next generation of smart textiles with potential use in various fashion products, technical textiles and furnishing applications. The basic notion of these smart textiles consists of the textile structures that senses and also reacts to various stimuli from the environment. The market expansion of these products is owing to the new textile fiber types and its structure, miniaturization of the electronics and also wireless & wearable technologies.

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The technical textiles include around 51 potential products for high growth that accounted for over 25% of industry size in 2017. A few of these include mulch mats, shade nets, anti-hail, crop covers, anti-bird nets, incontinence diaper, baby diapers, sanitary napkins, surgical disposables, artificial heart valves, bullet proof jackets, disposable bed sheets, nuclear protective clothing, chemical protective clothing, industrial clothing etc. These products represent multi-disciplinary segments with several application sectors. Advancements in functionality of technical fibers and yarns including low elongation at break high tenacity, low thermal shrinkage, high modulus, high resistance to corrosion, higher thermal stability etc. which were the outcome of significant investments in R&D by industry participants have been helpful in increasing its applications in numerous industries.

Some of the leading industry participants currently operating in the industry include DuPont De Nemours & Co., Royal Ten Cate, Johns Manville, Ahlstrom Corporation, GSE Environmental Inc., Proctor and Gamble, Freudenberg & Co., Hindustan Technical Fabrics Limited, Huesker Synthetic GmbH and 3M.

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North America was the leading regional market in 2017. Along with increasing penetration of these products, consumption of technical textiles is increasing, and several nations cater to their demand by mainly importing these smart textiles from the U.S. The primary export markets of the U.S. include India, Vietnam, Brazil and Taiwan. Taiwan and Korea have emerged as a potentially powerful competitor to the US. The Asia Pacific market is projected to grow at a faster rate compared to other regions.

Electric Vehicles Market Size, SWOT Analysis, Emerging Trends and Forecast

Electric Vehicles | 2021 Scope of Current and Future Industry

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.

Blood Glucose Monitoring Device Market Quantitative Assessment by Industry Analysis across the Value Chain

Blood Glucose Monitoring Device | 2021 Scope of Current and Future Industry

The Blood Glucose Monitoring Device market is anticipated to reach over USD 2.61 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the orthopedic treatment dominated the global Blood Glucose Monitoring Device market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

The increasing need for home care diagnosis and real time data by the end users to primarily drive the blood glucose monitoring device market during the forecast period. These devices have potential market due to the rising technology advancements in this industry during the forecast period. Moreover, the major supporting factor for this market growth is the number of populations suffering from diabetes. According to the World Health Organization (WHO), approximately there were direct deaths if 1.6 million in 2015, and this number is attributed to rise by 2030 making diabetes the 7^th leading cause of death globally.

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Furthermore, the changing life style of the people, and rising preference to the sedentary life style to also support the market growth in the coming years. However, lack of awareness, limited use of these devices, and no proper reimbursements regulation by the government would impede the market growth during the forecast period.

North America generated the highest revenue in the Blood Glucose Monitoring Device market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, rising patient awareness for proper self-diagnosis methods, which saves the time, money, and provides accurate real-time data about the patient health. Also, decreasing cost & time of treatment, and continuous research and development in the same field to also boost the market growth in coming years. While, Asia Pacific blood glucose monitoring device market is supposed to the fastest growing market during forecast period.

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The key players operating in the Blood Glucose Monitoring Device market include Abbott Laboratories, Terumo Corporation, ARKRAY Inc., Medtronic Plc., Acon Laboratories Inc., Roche Diagnostics Ltd., Johnson & Johnson, Novo Nordisk A/S, Becton, Dickinson and Co., Sanofi, Bayer AG, Ypsomed AG. 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.

Tuesday, 3 August 2021

Flat Glass Market Size, Share, Opportunities, In-Depth Analysis And Forecasts

The global flat glass market is anticipated to reach USD 139.80 billion by 2026 according to a new study published by Polaris Market Research.

The global flat glass market is anticipated to reach USD 139.80 by 2026. The market is primarily driven by the increasing demand and application of flat glasses in the construction and automotive industry. These glasses are generally installed on the windows and windshields of a vehicle. Furthermore, they are largely utilized in photovoltaic, concentrated solar power system and a thermal collector which are expected to strongly favor the market growth.

Some of the leading industry participants currently operating in the industry include are Saint Gobain S.A., Xinyi Automobile Glass (Shenzhen) Co., Ltd., SCHOTT North America, Inc., Nippon Sheet Glass Co., Ltd, Asahi Glass Co. Ltd, CSG Architectural Glass Co., Ltd., Corning Inc., Astro Cam, Sangalli Group, Dillmeir Glass Company, PPG Industries, Inc., Cardinal Glass Industries, and Syracuse Glass Company, among others. The industry highly fragmented, due to the presence of a large number of regional, local and international vendors.

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Besides, booming automobile industry, the government sector is also anticipated to support the market growth. This is primarily due to the growing expenditure by public or government sector on infrastructural projects to promote the country’s growth. This scenario is quite common in developing nations.

A large chunk of market share is taken by construction application and is projected to foresee significant growth at a CAGR of xx% over the forecast period. The key products generating industry growth and facilitating housing expansion are tempered and Basic float glass. Both of these glasses can be applied to the interior as well as exterior structures to avoid fragility and improve aesthetic importance.

The flat glass industry is highly fragmented, with the presence of numerous industry players. Thus, elevating the competitiveness of the market. Saint Gobain S.A., Xinyi Automobile Glass (Shenzhen) Co., Ltd., SCHOTT North America, Inc., Nippon Sheet Glass Co., Ltd, Asahi Glass Co. Ltd, CSG Architectural Glass Co., Ltd., and Corning Inc. are the noteworthy industry player. Some other prominent players are Astro Cam, Sangalli Group, Dillmeir Glass Company, PPG Industries, Inc., Cardinal Glass Industries, and Syracuse Glass Company, among others.

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Flat Glass Market possess vast opportunities relating to the key metric performances such as noise control, fire protection, neutrality, self-cleaning and energy saving, among others. Moreover, the property of these glasses is ideal for construction applications. The trends of the Flat Glass Market can be affected by raw materials, limestone, soda ash, and sand. In the manufacturing process, the cost structure is deterred largely by two elements- raw materials and energy.

The growth of regional markets such as North America will be favored by the rising preference and product expansion towards laminated products. As per data released by industry associations, about 1.1 million ton was consumed by the European automobile industry in 2015. This can be attributed to the positive outlook of the construction sector in France, Germany, and the UK. Moreover, the European region is witnessing high demand for laminated and tempered products. In APAC, China’s flat glass market is significantly increasing. While on the other hand the Brazilian market being both the importer and exporter is much indulged towards the domestic market. Furthermore, the demand in East and West, as well as South Africa, is significantly affected by the construction sector.

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Biodegradable Packaging Market Is Expected To See Huge Growth. Latest Research Report

The global Biodegradable Packaging Market Is expected to reach USD 21.60 billion by 2026 according to a new study published by Polaris Market Research.

The global biodegradable packaging market has been divided based on product type, end-use industry and region. Considering the product type, the market is bifurcated into plastics and paper where the plastics held the largest market share followed by paper which is expected to grow at the fastest rate. Plastics are further segmented into cellulose, starch, PHA, and PLA among others whereas the paper is segmented into Kraft, flexible, corrugated, and box board. Among the various segments of the plastics, it is the starch and PLA that is expected to hold the largest market share. It is because of properties such as high strength and recyclability held by the starch polymers that have led to the starch and PLA holding a larger share of the overall market in the forecast period of 2018-2026.

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Considering the end-use industry segment, the market for biodegradable packaging is divided into food & beverages, healthcare, and personal care/homecare among others. Among these industry segments, it is the food & beverages industry that held a higher market share in the biodegradable packaging market. The growing government regulations in terms of food packaging that is non-biodegradable and hampers the environment has resulted in higher usage of degradable or biodegradable packaging for food & beverages industry.

A few major driving factors for the biodegradable packaging market are the increasing demand for healthier, safer, and convenient food, along with growing consumer awareness towards eco-friendly products. Moreover, the improving environmental awareness among people and stricter governmental regulations have led to the usage of eco-friendly materials resulting in an increase in the demand for biodegradable packaging. Among the regions, Europe is expected to hold the largest market share in the global biodegradable packaging market over the forecast period of 2018-2026, followed by North America and Asia Pacific.

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A few key business strategies adopted by companies operating in the biodegradable packaging market are new technology and product development, geographical expansion, and mergers & acquisitions among others. For example, Amcor announced about its plan to become the first global packaging company to develop all its packaging as recyclable or reusable by 2025. Amcor has also teamed up with Plantic Technologies for developing a flexible and biodegradable plastic packaging for confectionery.

The leading players operating in the biodegradable packaging market globally are Kruger Inc., Clearwater Paper Corporation, International Corp., Mondi Group, Amcor, Rocktenn, Novamont S.P.A., Smurfit Kappa Group, Reynolds Group Holding Limited, Stora Enso, and BASF SE among others…

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