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Monday 31 October 2022

What will the Automotive Adhesives and Sealants Market growth rate in Future?

Automotive Adhesives and Sealants Market 2022

During the projected period, the market for automotive adhesives and sealants is anticipated to expand in a pronounced manner. It would be interesting to think about how quickly the energy shift will happen given the different need for plastics and specialised chemicals. Spending on chemicals will also require scrutiny. In the years to come, the market would look like this.

Now-a-days, latest technologies like AI, machine learning and IoT are playing huge role in the chemical industry leading to cost-effective and streamlined manufacturing processes. Persistence Market Research (PMR) has covered all these tech advances in its latest analysis and market outlook.

Due to the environmental concerns about the emissions of greenhouse gases from automobiles, there is a trend to produce lightweight automobiles. This is because a reduction in the weight of the vehicle results in fuel savings and also helps in the reduced emission of carbon dioxide and other greenhouse gases. To attain this aim of producing lightweight vehicles, automobile manufacturers are concentrating on producing different types of thermoplastic elastomers. In addition, manufacturers are not getting an easy access to petroleum based products due to the popularity of shale gas, due to which there is a supply uncertainty of raw materials across the world due to a shift from naphtha to natural gas. Moreover, the stringent government rules regarding the use of bio-based adhesives are expected to influence the global automotive adhesives and sealants market in a positive manner.

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automotive adhesives and sealants market

A new report delivered by Persistence Market Research titled ‘Automotive Adhesives and Sealants Market: Global Industry Analysis 2012-2016 and Forecast 2017-2026’ studies the performance of the global automotive adhesives and sealants market over a nine year assessment period which starts from the year 2017 and ends in the year 2026. The report presents the forecast by value of the global automotive adhesives and sealants market and provides valuable information regarding the market dynamics such as drivers, restraints, opportunities and trends. As per the assessment of Persistence Market Research, the global automotive adhesives and sealants market was estimated to be valued at nearly US$ 4,600 Mn at the end of the year 2017 and is poised to reach a valuation of nearly US$ 6,500 Mn at the end of the forecast period in 2026, and in the process display a CAGR of 4.0% during 2017-2026.

Polyurethane Largest Product Type in Terms of Revenue Share

The polyurethane segment in the product type category of the global automotive adhesives and sealants market is the largest in terms of value and is slated to display a CAGR of 3.5% during the period of forecast. The polyurethane segment is anticipated to reach a market valuation of nearly US$ 1,400 Mn at the end of the period of forecast.

Paint Shop Segment by Application to Lead in Terms of Revenue

The paint shop segment in the application category of the global automotive adhesives and sealants market is anticipated to display a CAGR of 3.8% during the period of forecast. The paint shop segment was estimated to be valued at nearly US$ 2,050 Mn in the year 2017.

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Passenger Cars Segment by Vehicle Type Slated to Exhibit the Fastest Growth Rate

The passenger cars segment in the vehicle type category of the global automotive adhesives and sealants market is slated to display the fastest CAGR of 4.6% during the period of forecast. The passenger cars segment is forecasted to reach a market valuation of nearly US$ 3,600 Mn by the end of the year 2026.

APEJ Automotive Adhesives and Sealants Market to Emerge the Largest in Terms of Value Among Other Regional Markets

The automotive adhesives and sealants market in APEJ is the largest in terms of revenue and is anticipated to display a CAGR of 4.8% during the period of forecast. The APEJ regional market is likely to reach a valuation of nearly US$ 2,800 Mn by the end of the period of assessment in 2026.

Competition Landscape of the Global Automotive Adhesives and Sealants Market

In the competition landscape section of this report some of the important companies operating in the global automotive adhesives and sealants market are profiled. Some of the top companies featured in this report include BASF SE, Delo, 3M, Permabond LLC, PPG Industries, Inc., Henkel AG & Co. KGaA, Evonik Industries AG, The Dow Chemical Company, Jowat SE and Hernon Manufacturing Inc.

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Global Waterproofing Chemicals Market by Manufacturers, Regions, Type and Application, Forecast to 2031

Waterproofing Chemicals Market 2022

As per the projections of Persistence Market Research, the global waterproofing chemicals market is slated to display a moderate CAGR. As per the data presented in this report, the global waterproofing chemicals market was estimated to be valued at nearly US$ 9,000 Mn in the year 2017 and is slated to reach a valuation of close to US$ 13,200 Mn by the end of the year 2026.

The global Waterproofing chemicals Market to grow based on streamlining of the chemical vertical at a CAGR of 4.3%, reaching US$ 13,200 Mn. The vertical is emphasizing on regulation and sustainability of trade, which are expected to have material impact in the forecast period. Decarbonization would be another aspect that would witness acceleration going forward. The period would also see an influx of renewable polymers. This would be the scene with chemical vertical.

Waterproofing chemicals are largely used in the construction sector and a steady growth in this sector has boosted the growth prospects of the global waterproofing chemicals market. Waterproofing chemicals are mainly used in protecting buildings from leakage and seepage that is caused to due to the ingress of water and moisture. As the pace of industrialization and urbanization is increasing the world over, there is a boost to the construction sector as well, thereby contributing to the positive growth of the global waterproofing chemicals market.

Waterproofing Chemicals Market Segmented By Bitumen, PVC, EPDM, TPO, PTFE, Silicone in Construction, Infrastructure, Automotive, Textile Industry with Membrane, Liquid, Cementious Technology

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Moreover, a rise in the labor wages and cost of raw materials is also acting positively on the global waterproofing chemicals market. On the other hand, as infrastructure building activities are rising rapidly in the world, the construction of tunnels, bridges, roads, etc. is also increasing. This is also likely to positively impact the global waterproofing chemicals market.

A new report published by Persistence Market Research titled ‘Waterproofing Chemicals Market: Global Industry Analysis 2012-2016 and Forecast 2017-2026’ studies the performance of the global waterproofing chemicals market over a nine year assessment period starting from the year 2017 and ending in the year 2026. The report presents the value forecast of the global waterproofing chemicals market and provides key insights into the different factors driving market growth as well as the factors restricting market growth. The report on global waterproofing chemicals market also provides insights on the various opportunities and trends that are shaping up this market. As per the projections presented by Persistence Market Research, the global waterproofing chemicals market was estimated to be valued at nearly US$ 9,000 Mn at the end of the year 2017 and is expected to reach a value of nearly US$ 13,200 Mn by 2026, exhibiting a CAGR of 4.3% during the period of assessment.

PTFE Sub-segment is the Largest Product Type by Value

The PTFE sub-segment in the product type category of the global waterproofing chemicals market is the largest segment by value and is slated to display a CAGR of 4.4% during the period of forecast. The PTFE segment is projected to reach a market worth of nearly US$ 3,600 Mn at the end of the period of forecast in the year 2026.

Construction End Use Segment to Lead in Terms of Value

The construction sub-segment in the end use industry category of the global waterproofing chemicals market is anticipated to display a CAGR of 4.2% during the period of forecast. The construction sub-segment was estimated to be valued at nearly US$ 3,400 Mn in the year 2017.

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Liquid Sub-segment by Technology Poised to Exhibit the Fastest Growth Rate During the Forecast Period

The liquid sub-segment in the technology category of the global waterproofing chemicals market is slated to exhibit the fastest CAGR of 5.1% during the period of forecast. This segment is estimated to reach a market valuation of nearly US$ 2,100 Mn by the end of the year 2026.

APEJ to Remain Dominant Regional Market for Waterproofing Chemicals

The APEJ region is the dominant region in the global waterproofing chemicals market and is anticipated to display a CAGR of 4.7% during the period of forecast. The APEJ region is likely to reach a value of nearly US$ 4,500 Mn by the end of the assessment period in the year 2026.

Global Waterproofing Chemicals Market: Competition Tracking

In the competition landscape section of the global waterproofing chemicals market report, the important players functioning in this market have been profiled. Some of the key companies that have been featured in this report include

Pidilite Industries Limited,
W.R. Grace and Company,
DowDuPont Inc.,
BASF SE, H.B. Fuller,
Wacker Chemie AG,
RPM International,
Evonik Industries AG,
Akzo Nobel NV and Sika AG.

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How is the Thermal Spray Coatings Market expected to grow over the projected period?

Thermal Spray Coatings Market 2022

The global market for thermal spray coatings, which had a 2015 market value of US$ 7,560.0 Mn, is expected to grow at a CAGR of 5.9% during the following five years (2016–2024) Metals, Alloys, Carbides, Ceramics, and Intermetallics Material Type in Conventional Flame Spray, Plasma Spray, HVOF, and Cold Spray Process: Thermal Spray Coatings Market Segmentation

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Persistence Market Research delivers key insights on the thermal spray coatings market in its latest report titled “Global Market Study on Thermal Spray Coatings: Industry Analysis and Forecast, 2016–2024”. Global sales of thermal spray coatings are estimated to be valued at US$ 7.6 Bn by 2016 end, witnessing a Y-o-Y growth of 5.6% over 2015. North America and Europe are estimated to collectively account for a market value share of over 50% in the global thermal spray coatings market by 2016 end and are anticipated to remain dominant throughout the forecast period.

thermal-spray-coatings-market

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The aerospace and power generation industries are actively focusing on the development of advanced surface coating processes. The presence of hexavalent chromium and environmental issues related to it has caused various end-use industries to look for alternatives. As a result of this, thermal spray coatings have gained traction as a replacement for hard chromium plating in the aerospace industry. Revenue generated from sales of thermal spray coatings is expected to increase at a CAGR of 5.9% over the forecast period. Thermal spray coatings are used in medical implants as well. Increasing use of titanium and hydroxyapatite coatings in biomedical implants using thermal spray technology, is expected to drive the growth of the thermal spray coatings market over the forecast period. However, thermal spray coating is a line-of-sight coating process, i.e. it covers only the part which is in a line of the coating system. Moreover, robotic functions and frequent adjustments in case of complex geometries lead to high cost of thermal spray coatings, which is expected to inhibit the growth of the market over the forecast period.

By material type, ceramics segment is expected to continue to dominate the market in terms of value throughout the forecast period. This segment is also expected to witness high growth over the forecast period. Metals, alloys, and carbides are estimated to collectively account for a market value share of over 50% by the end of 2016. On the basis of process type, cold spray segment is expected to expand at double-digit CAGR in terms of value over the forecast period. This is mainly attributed to it being suitable for depositing a wide range materials on various types of substrate materials, especially those that are temperature sensitive.

On the basis of application, aerospace segment is expected to account for a market value share of 37.4%, valued at US$ 4.7 Bn by 2024 end. Industrial gas turbines segment is expected to expand at the highest CAGR in terms of value over the forecast period. Increasing energy requirements across the globe are expected to increase demand for high-performance engines and turbines. This, in turn, is projected to fuel demand for thermal spray coatings, as this process provides excellent coatings and exhibits superior resistance to wearing and corrosion. Hence, Industrial gas turbines segment is anticipated to be the fastest growing segment during the forecast period.

Sales of thermal spray coatings in North America is estimated to account for highest share by the end of 2016. Sales in Asia Pacific is expected to increase at the highest CAGR over the forecast period.

Key players in the global thermal spray coatings market include Sulzer Ltd., Oerlikon Group, Praxiar Ltd., Bodycote plc., Abakan Inc., Curtis-Wright Corporation, Metallisation Ltd., Thermal Spray Technologies Inc., and ASB Industries, Inc. The thermal spray coatings market has witnessed various merger and acquisition activities, leading to industry consolidation over the last few years. Most of these activities were undertaken by market leaders in North America and Europe markets.

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Long-term Outlook: The long-term outlook for the global thermal spray coatings market remains positive, with market value expected to increase at a CAGR of 5.9% during the forecast period. Cold spray and High-Velocity Oxy-fuel (HVOF) segments are expected to expand at highest CAGRs over the forecast period.

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What are the key factors driving the global Silicon Anode Battery Market?

Silicon Anode Battery Market 2022

Persistence Market Research delivers key insights on the silicon anode battery market in its latest report titled “Silicon Anode Battery Market: Global Industry Analysis and Forecast, 2016–2024”.

The global silicon anode battery market is estimated to be valued at US$ 101.9 Mn by the end of 2016 and is expected to be valued at US$ 484.9 Mn by the end of 2024, registering a CAGR of 21.5% over the forecast period. North America is estimated to account for a market value share of 35.4% in the global silicon anode battery market by 2016 end, and is anticipated to remain dominant throughout the forecast period.

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silicon anode battery market

Market dynamics

Environmental regulations pertaining to CO2 emissions are expected to boost the use of alternative modes of transport in the transportation sector. Thus, electric vehicles are a good alternative for the reduction of CO2 emissions. Government promotion for adoption of electric vehicles and incentives regarding low emission of CO2 is expected to increase electric vehicles sales over the forecast period. Therefore, demand of next generation batteries such as silicon anode is expected to increase over the forecast period. Moreover, high performance of silicon as an anode material is expected to increase its consumption in smartphone batteries over the forecast period.

However, silicon has a property of soaking large amount of lithium-ions. Therefore, volume of silicon anode increases when lithium ions bind with silicon. Hence, repeated expansion and contraction of silicon anode while charging and discharging decreases the performance of battery. This in turn, is expected to be a major challenge to the growth of the global silicon anode battery market.

Market forecast

On the basis of application, the global silicon anode battery market is segmented into consumer electronics, automotive, industrial and grid & renewable energy. Consumer electronics segment is further sub-segmented into 3G/4G cellphones, laptops, tablets, MP4, digital cameras, and other electronic devices.

Consumer electronics segment dominated the global silicon anode battery market and accounted for 43.7% value share and is estimated to remain dominant throughout the forecast period. This segment is projected to grow 5.1X over the forecast period. Increasing demand for high performance of batteries in smartphones is expected to witness a significant growth of the 3G/4G cellphones sub-segment in consumer electronics segment over the forecast period.

Therefore, this sub-segment accounted for a major value share and is estimated to remain dominant throughout the forecast period. Moreover, automotive segment is sub-segmented into plug in HEV, HEVs, EVs and electric bicycles. EVs sub-segment in automotive segment is expected to witness significant growth and projected to grow 5.3X over the forecast period.

On the basis of key regions, the global silicon anode battery market has been segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America dominated the market with over 35% of the overall silicon anode battery market share in 2015. This is mainly attributed to product innovation in silicon using nano-technology.

Asia Pacific market accounted for over 30% of the overall silicon anode battery market share in 2015. This is mainly attributed to major manufacturing companies of consumer electronics in countries such as China, Japan, and South Korea among others. This in turn, is expected to increase the demand for silicon anode batteries over the forecast period. Moreover, increasing adoption of electric vehicles in Europe is estimated to be one of the major reason for the sales of the silicon anode batteries and this region is anticipated to witness a significant CAGR of 22.0% over the forecast period.

Competitive landscape

Some of the key players identified in the global silicon anode battery market are Amprius Inc., Nexeon Limited, Enevate Corporation, XG Sciences Inc., CONNEXX SYSTEM Corporation and OneD Material among others.

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Global Hydrophobic Coatings Market Trends, Forecast, and Opportunity Assessment (2022-2031)

Hydrophobic Coatings Market 2022

As per latest industry analysis by Persistence Market Research, the global hydrophobic coatings market is expected to progress at a healthy CAGR of 4.2% and top a valuation of US$ 2.5 Bn 2031.

Increasing construction activities across the globe, especially in developing nations, are anticipated to drive market growth over the coming years. Countries in Asia Pacific such as India, China, and ASEAN countries, are expected to focus on enhancing their infrastructure owing to increasing FDI across these counties. Consistent growth in end-use industries, especially building & construction, is elevating demand for hydrophobic coatings.

Globally, key manufacturers are focusing on stringent government regulations and are indulged in reducing their carbon footprints to increase sustainability in their products. Moreover, market players are investing around 3%-5% of their revenue in research & development activities to enhance coatings so as to emit low volatile organic compounds.

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Key Takeaways from Market Study

Globally, East Asia is estimated to hold around one-third market value share and is expected to continue its dominance over the coming years.
Increasing automotive production and vehicle parts is considered to be one of the key factors driving demand growth of hydrophobic.
Polysiloxanes coatings are estimated to fuel market growth and expected continue their dominance owing to increasing adoption across end-use industries.
Automotive & transportation and building & construction are expected to provide lucrative growth opportunities to hydrophobic coating suppliers.

“Globally, key players are focusing on backward integration by commissioning new capacity for raw materials to strengthen the value chain and reduce logistics & transportation costs,” says a Persistence Market Research analyst.

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Competitive Landscape

The global hydrophobic coatings market has been identified as a fairly fragmented space with the presence of local and regional players in the market. Globally, the top ten key players estimated to dominate the market with more than 30%-40% market share.

Some of the key players are PPG Industries, The 3M Company, PPG Industries, Aculon Inc., Master Builders Solutions Admixtures US LLC, NTT Advanced Technology Corporation, NeverWet LLC, NEI Corporation, Abrisa Technologies, AccuCoat Inc., NANOKOTE Pty Ltd, Precision Coatings Co. Inc., Lotus Leaf Coatings Inc., Advanced Nano Tech Lab, Nano-Care Deutschland AG, and COTEC GmbH.

Conclusion

The building & construction industry along with the automotive industry remains the cornerstone of demand for hydrophobic coatings. The Asia Pacific region is estimated to account for the largest chunk of demand.

Key manufacturers of hydrophobic coatings are focusing on increasing their production capacity of specialty coatings at existing plants to avoid capital investments and simultaneously increase overall market share from the same product lines.

More Valuable Insights on Offer

Persistence Market Research, a research and consulting firm, has published a market research report on the paints and coatings market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, coating type, substrate type, end use, and region. The report also provides supply and demand trends, along with an overview of the parent market.

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Graphite Market, Growth, Trends, Analysis, Opportunities and Forecast To 2031

Graphite Market 2022

Worldwide sales of graphite reached ~3,100 (‘000 Tons) in 2018, according to a recent report published by PMR on graphite market. According to the study, the graphite market is projected to grow at ~6% CAGR during the forecast period of 2019-2029. Graphite is considered as one of the strongest, thinnest, and stiffest impermeable materials on earth, with good thermal and electrical conductivity, and very high energy efficiency. Commercialization of graphene with application of latest technologies and innovations is expected to lift the graphite market over the stipulated timeframe. The global graphite market was valued at ~US$ 18 Bn in 2018, and is expected to reach ~US$ 39 Bn by the end of the forecast period.

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global graphite market

According to the brief research, China is expected to display remarkable production of graphite in terms of supply, and hold the largest share among all countries across the globe. Besides, the substantial demand for graphite in lithium-ion batteries and increasing demand from the automotive industry, owing to characteristic properties of graphite such as greater energy efficiency, high mechanical strength, and lubrication is expected to bolster the growth of the graphite market.

For instance, In July 2016, Tesla Motors announced setting up of a gigafactory for production of lithium ion batteries to aid production of 500,000 new electric cars by 2020. Around 72,000 tonnes of graphite is expected to be consumed for the same.

Additionally, according to Benchmark Mineral Intelligence—an agency involved in collection and assessment of data related to lithium ion battery supply chain—demand for graphite is expected to increase 200% during 2016–2020.

Graphene Set to Revolutionize Future Tech

The graphite market is a consolidated market due to the presence of several international market players. Industry players have laid their concentration on key developments such as expansion and research & development, to fulfill the increasing demand for graphite generated from end-users across various regions such as APEJ, Europe, North America, etc.

Graphene is a two-dimensional carbon nano material made from graphite and has various revolutionary properties. Graphene has the potential to revolutionize future technologies and influence various industries, including applications in various industries such as plastic & polymer, medical, coating, marine, chemicals, automotive, and construction

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For instance, according to Wall Street, at the end of May 2013, there were 9,218 patents published on graphene. With such large number of patents, a rise in number of graphene products is expected in the near future, in turn, driving the demand for graphite.

As per PMR’s in-depth market analysis, international and regional players in the graphite market are offering high quality and natural graphite with several characteristic properties. This factor will result in substantial growth of the graphite market in the coming years.

China Leads Gains in the Graphite Market

China is the largest producer of graphite, accounting for over 70% of global production. In 2012, China’s Ministry of Industry and Information Technology (MIIT) released a document titled ‘Graphite Industry Access Conditions’ that comprises government plans and regulations on the treatment of graphite. The document considers graphite to be a rare earth mineral and proposes steps to regulate the market. China is likely to hold a prominent share in the graphite market throughout the forecast period.

Presence of leading market players in the country and merger & acquisition of new entrants are key factors pushing the graphite market growth in China.

Graphite Market: Vendor Insights

PMR’s analysis displays innovative insights about the competitive structure of the graphite market and distinguishing methodologies of matured market players. Few of the key players in the market are AMG Advanced Metallurgical Group N.V., Showa Denko K.K., Toyo Tanso Co., Ltd., SGL Carbon SE, Tokai Carbon Co., Graphite India Limited, Nippon Carbon Co Ltd, SEC Carbon, Limited, HEG Limited, GrafTech International Ltd., and Imerys S.A., among others. Furthermore, several major players operating in the graphite market are adopting various strategies related to the demand point of view, from manufacturers and buyers.

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Aerospace Coatings Market by Component, Application, Growth and Analysis – 2031

Aerospace Coatings Market 2022

The approximately US$ 1.5 billion market for aerospace coatings has been projected to observe promising expansion during the next decade. Persistence Market Research delivers key insights on the global aerospace coatings market in its new report titled “Aerospace Coatings Market: Global Industry Analysis 2013–2017 and Market Forecast 2018–2028”. According to the research study, the demand for aerospace coatings will receive strong impetus from the increasing aircraft production and sales, and subsequent growth in aircraft fleet. Attributing to the increasing demand for efficient, lightweight, and advanced aerospace coatings from several airline carriers, the global aerospace coatings market is estimated to create an incremental opportunity of over a billion-dollar between 2018 and 2028.

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Global Aerospace Coatings Market Dynamics

The global aerospace coatings market is directly dependent on the production and sales of aircraft. The higher the demand for new aircraft, the higher the demand for aerospace coatings in the market. The service life of external coatings is estimated to be around five years (depending on the number of hours travelled by the aircraft and the service environment); hence, aircraft need to be entirely recoated over a life span of three to five years. This in turn is estimated to be the key factor driving the growth of the global aerospace coatings MRO sales channel during the forecast period.

For many years, aerospace coatings have contained hexavalent chromium to help protect aircraft from corrosion. However, due to the introduction of environmental regulations, the utilization of hexavalent chromium has been prohibited due to the health and environmental risks associated with it. Thus, manufacturers are developing eco-friendly or chromate-free coatings that protect and preserve the environment, while protecting an aircraft from the damaging effects of corrosion. Growing traction towards chromate-free primers is considered to be an ongoing trend in the global aerospace coatings market during the forecast period.

Global Aerospace Coatings Market Forecast

With respect to market size and unit sales, owing to the relatively higher production rate of aircraft as well as large aircraft fleet size, North America is expected to account for the dominant share in the global aerospace coatings market throughout the forecast period. North America is expected to be followed by Europe and East Asia.

Furthermore, Middle East and Africa and South Asia regions are estimated to create a modest incremental $ opportunity in the global aerospace coatings market between 2018 and 2028. Latin America and Oceania are expected to grow at moderate rates in the global aerospace coatings market over the forecast period.

On the basis of product type, the topcoat segment is anticipated to account for a prominent value share in the global aerospace coatings market. Polyurethane is estimated to be the preferred material for topcoats. The ceramic coatings segment is also estimated to create significant opportunities in the global aerospace coatings market during the forecast period.

Based on application, the exterior segment is estimated to dominate the global aerospace coatings market, accounting for more than three-fourths of the total market. In terms of volume, the demand for aerospace coatings from the exterior segment was more than 10,900 ‘000 Li in 2018. Moreover, the interior segment is estimated to register higher growth in the years to come, which is attributed to surging strategic attention of manufacturers to aircraft interior.

On the basis of end use, attributing to the increasing air passenger traffic, the commercial segment is estimated to dominate the global aerospace coatings market throughout the forecast period. The large fleet size of general and business aviation aircraft around the globe is estimated to create significant opportunities for maintenance, repair, and overhaul (MRO) sales channel segment during the forecast period.

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Global Aerospace Coatings Market: Competitive Landscape

Some of the key players in the aerospace coatings market included in this study are The Sherwin Williams Company, PPG Industries Inc., Akzo Nobel N.V., Henkel AG & Co. KGaA, BASF SE, Axalta Coating Systems Ltd., Compagnie de Saint-Gobain S.A., Zircotec, Master Bond Inc., and APV Engineered Coatings, among others.

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Friday 28 October 2022

Automotive Digital Key Market 2022 Global Key Players, Application, Growth and Analysis – 2031

Automotive Digital Key Market 2022

East Asia to stay ahead of the curve as the automotive digital key market grows to $2 billion in 2022. The market for automotive digital keys is anticipated to reach a value of US$ 2 billion in 2022 and expand at a CAGR of 12% from 2019 to 2029. Gains continue to be fueled by a variety of causes, including the digital revolution in the automotive industry and the increased need for convenience and simplicity of use among consumers.

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Smart key fob continues to account for major share of manufacturers’ bottom lines, while key card and smart watch are likely to experience increasing demand in the coming years. In terms of geographical outlook, East Asia is projected to be a prominent region for the automotive digital key market, owing to favourable government initiatives for industrial development along with emergence of China as the world’s largest automotive market.

Key Companies-

Infineon Technologies AG
Telefonaktiebolaget LM Ericsson
Continental AG
Denso Corporation
Tokai Rika Co. Ltd.
ALPHA Corporation
Garmin Ltd.
Firstech, LLC.
GARIN System Co., Ltd.
STMicroelectronics
SENTURION KEY
Silca S.p.A.

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global automotive digital key market

Manufacturers Lean on Advanced Technologies to Offer Superior Products

The ongoing trend in the automotive industry is the integration of digital technology in vehicles. Significant advances in technology has resulted in fundamental changes which helped deliver value-added services to customers. In addition, digital transformation has helped manufacturers meet evolving customer expectations and deliver superior products. It has enabled a constant pace of innovation on the manufacturing front. As the automotive industry expands, expectations and demands from customers are moving beyond the traditional transportation needs to new, luxurious, stand-out mobility services that enable access to various information and communication technologies. Automotive digital key is one such technology, formed as a result of rapidly changing consumers’ choices. Increasing focus of manufacturers on improving technological features and growing consumer needs for better features are expected to boost the demand for automotive digital key in the coming years.

Gains Underpinned by Rising Auto Thefts and Need for Increased Vehicle Security

PMR found that auto-thefts have been increasing at an alarming rate. The rate of vehicles stolen has increased significantly over the past five years, due to below par security features in certain vehicles. For instance, the Federal Bureau of Investigation (FBI) has recently released statistics of vehicle theft, which were 773,139 in 2017, increasing from ~686,803 in 2014. As the vehicle theft incidence continues to be on the rise, automotive manufacturers are targeted towards offering better security features and introduction of keyless solutions for vehicles; the result is likely to lead to increasing demand for automotive digital key in the foreseeable future.

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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Pyridine Market by Component, Application, Growth and Analysis – 2031

Pyridine Market: Report Scope

The pyridine industry is worth US$ 1.1 Bn in 2021. The market is expected to attain a worth of US$ 2.5 Bn by the end of the decade. The pyridine market is expected to progress at a stellar CAGR of 8.2% over the decade.

This Persistence Market Research report examines the global pyridine market for the forecast period 2021-2031. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the global pyridine market.

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Key Companies-

Jubilant Life Sciences Limited
Vertellus Specialities Inc.
Lonza Group Ltd.
Resonance Specialities Limited
Red Sun Group
Shandong Luba Chemical Co., Ltd.
Koei Chemical Co., Ltd.
Weifang Sunwin Chemicals Co., Ltd.
Other.

pyridine-market

Pyridine is a toxic and soluble flammable liquid base with a distinct, strong odor. It is often considered the parent compound of several naturally occurring organic compounds. It is the preferred choice as a precursor to agrochemicals and pharmaceuticals.

Pyridine-N-Oxide, also known as N-pyridine, is the most commonly used pyridine product type and is primarily used as precursors in chemical reactions. Initially, pyridine was extracted from coal tar or obtained as a by-product of coal gasification.

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The process was very expensive and inefficient as coal tar constituted only 0.1 & 0.2% of pyridine after extraction. Currently, pyridine and its derivatives are produced synthetically. The most commonly used reactions for pyridine synthesis are Chichibabin synthesis, Cyclization, and Cobalt-catalyzed alkyne-nitrile cyclotrimerization, etc.

Agrochemicals segment accounts for the largest share of the pyridine market owing to frequent application of pyridine and its derivatives in pesticides and herbicides. By product type, alpha picoline finds wide application as a solvent in chemicals, pharmaceuticals, and food industries. The segment is projected to exhibit moderate growth over the forecast period.

To understand and assess opportunities in this market, the report is categorically divided into three main market analysis sections, i.e., by product type, by application, and by region. The report analyses the global pyridine market in terms of market value (US$ thousand) and volume (tons).

The report begins with an overview of the global pyridine market, appraising the market performance in terms of revenue and volume, followed by Persistence Market Research & analysis of key trends, drivers, and restraints witnessed in the global pyridine market. Impact analysis of key growth drivers and restraints based on the weighted average model are also included in the report to equip the client with crystal-clear, decision-making insights.

When developing the market forecast, the starting point begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, Persistence Market Research triangulates the data via a different analysis based on the supply side, demand side, and dynamics of the pyridine market.

However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyses on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities.

Another key feature of this report is the analysis of pyridine market by region and application and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective in the global pyridine market.

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To understand key segments in terms of growth and performance in the pyridine market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global pyridine market.

In the final section of the report, the pyridine market competitive landscape is included to provide a dashboard view of companies that manufacture and supply pyridine. The report contains company profiles of some of the major players in the global pyridine market.

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Pyridine Market by Component, Application, Growth and Analysis – 2031

Thursday 27 October 2022

Why is Germany a Lucrative Market for Aerospace Coatings Market Manufacturers?

Aerospace Coatings Market 2022

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Global Aerospace Coatings Market Dynamics

Global Aerospace Coatings Market Forecast

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Global Aerospace Coatings Market: Competitive Landscape

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What is the Regulatory Impact on Global Sales of Water Wastewater Treatment Chemicals Market?

Water Wastewater Treatment Chemicals Market 2022

Kemira Oyj, GE Water & Process Technologies, and BASF-SE will continue to be the top 3 players in the global water and wastewater treatment chemicals market, collectively accounting for 11.5%-14.7% revenue share in 2016. Organic expansion at tactical locations remains a key business strategy for leading players in the global water and wastewater treatment chemicals market. Global consumption of water and wastewater treatment chemicals is expected to grow by 1.5% in 2016 to reach nearly 6,485 KT. Demand will be sustained by decreasing fresh water resources, especially in industrial applications. Increasing government regulations and resurgence in the industrial sector, following the sub-prime crisis, are other key factors that will fuel demand for water and wastewater treatment chemicals in 2016.

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Recycling of wastewater for complete in-situ processing attaining zero discharge is a key trend influencing demand for water and wastewater treatment chemicals. Use of advanced biological wastewater treatment procedures and development of central wastewater treatment are other key trends impacting the growth of the global market.

By application, cooling water treatment will continue to account for leading market share, representing 37.13% of total revenues in 2016. Demand for water and wastewater treatment chemicals from this segment is expected to reach nearly 2,373 KT in 2016, up from 2,334 KT in 2015. High usage of cooling water in various manufacturing processes is expected to fuel demand from this application segment.

Oil & gas, power, and mining will remain the top 3 end-users in the global water and wastewater treatment chemicals market. These 3 segments are expected to collectively account for nearly 49% revenue share of the market in 2016. High wastewater generation will continue to push demand for treatment chemicals in these end-use sectors.

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Corrosion and scale inhibitors are the sought-after treatment chemicals and account for leading share of the market by product type. Demand for corrosion and scale inhibitors is expected to reach nearly 1,843 KT in 2016, and this will represent a market value worth US$ 11,468.5 Mn.

Asia Pacific excluding Japan (APEJ) will remain the largest market for water and wastewater treatment chemicals globally, accounting for 32.9% revenue share of the market in 2016. Demand will also be robust in North America and Western Europe where steady adoption in end-use industries will drive the growth of the market.

Long-term Outlook: The global water and wastewater treatment chemicals market are expected to increase at a CAGR of 4.2% in terms of revenues during the forecast period 2016-2026. APEJ will continue to be the largest market for water and wastewater treatment chemicals during the forecast period.

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What is the impact of macroeconomic factors on the Waterproofing Chemicals Market in future?

Waterproofing Chemicals Market 2022

Waterproofing Chemicals Market Segmented By Bitumen, PVC, EPDM, TPO, PTFE, Silicone in Construction, Infrastructure, Automotive, Textile Industry with Membrane, Liquid, Cementious Technology

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PTFE Sub-segment is the Largest Product Type by Value

Construction End Use Segment to Lead in Terms of Value

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Liquid Sub-segment by Technology Poised to Exhibit the Fastest Growth Rate During the Forecast Period

APEJ to Remain Dominant Regional Market for Waterproofing Chemicals

Global Waterproofing Chemicals Market: Competition Tracking

Pidilite Industries Limited,
W.R. Grace and Company,
DowDuPont Inc.,
BASF SE, H.B. Fuller,
Wacker Chemie AG,
RPM International,
Evonik Industries AG,
Akzo Nobel NV and Sika AG.

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Who are the key manufacturers in Automotive Solenoid Market space?

Automotive Solenoid Market 2022

The automotive solenoid market is expected to be worth US$ 14.3 Bn in the year 2021. The automotive solenoid market will witness a CAGR of 4.6% between 2021 and 2031. Automotive Solenoid Market to Reach US$ 13 Bn by 2029, on Back of Advancements in Automobile Architecture.

Conservation and resourceful use of electricity, without affecting fuel efficiency, makes the use of solenoids inevitable in the ever-growing automotive industry. Advancements in e-mobility and automobile architecture are expected to offer opportunities for the development of innovative and intelligent solutions.

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Key Companies-

Johnson Electric Holdings Limited
Flex Ltd.
DENSO CORPORATION
Robert Bosch GmbH
Mitsubishi Electric Corporation
BorgWarner Inc.
TLX Technologies
Hitachi, Ltd.
G. W. Lisk Company
Continental AG
Littlefuse, Inc.
Bitron Industrie S. p. A

global automotive solenoid market

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Key Takeaways of Automotive Solenoid Market

By vehicle type, the passenger cars segment is projected to hold a prominent share of the global automotive solenoid market. This can be attributed to the growing need for personal cars and private cabs, which has sparked requirement from passenger car manufacturers for automotive solenoids in emerging economies.
Owing to the growing usage of engine management systems in almost all vehicle types, the segment is anticipated to remain the most attractive application type.
By sales channel, OEMs are projected to hold majority share of the market. OEMs are looking to occupy more space in the aftermarket; for instance, by opening their own networks of non-car, brand-specific repair shops. Also, they are investing in enhancing customer experience by introducing different service offerings.
The introduction of electric motors and electronics in the automotive industry has resulted in higher requirements for safety systems. For instance, in commercial vehicles, solenoid valves are used for adjustments of electronic power steering, which come with a safety feature of auto closing the steering in case the driver forgets to turn it off.

“The automotive industry is gradually paving its way towards an electrified and autonomous future. Vehicles manufacturers are focused on integrating advanced features that offer enhanced passenger comfort. High investments towards the modernization of cars for a diversified customer base are expected to boost automotive solenoid market growth in the foreseeable future,” says a PMR Analyst.

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Key Questions Answered in Automotive Solenoid Market Report –

Who are the Major Manufacturers and Suppliers of Automotive Solenoid?

What will the Automotive Solenoid Market growth rate in Future?
What are the key factors driving the global Automotive Solenoid Market?
Who are the key manufacturers in Automotive Solenoid Market space?
What are the opportunities and threats faced by the vendors in the global Automotive Solenoid industry?
What are sales, revenue, and price analysis by regions of Automotive Solenoid industry?

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Which Region Offers the Largest Opportunity for Sales of Piston Rings Aftermarket Market?

Piston Rings Aftermarket 2022

The global automotive aftermarket is set to reach US$ 850 Mn by 2019 end. During the course of projection (2019-2029), global sales of piston rings in aftermarket are expected to expand at a moderate 4% CAGR.

Involving dozens of activities related to maintenance and crucial supply chains, piston rings aftermarket currently nears US$ 880 Mn. The market will remain influenced by the cyclical trend in automotive industry, further complemented by growing frequency of new product launches. A new research study published by Persistence Market Research (PMR) opines that the automotive piston rings aftermarket is experiencing significant changes in terms of volume, with flat sales in the U.S. and Western Europe. Increasing significance of emerging markets in Russia, China, and India offers a new dimension to aftermarket sales of piston rings.

Given the fact that the piston rings aftermarket business creates attractive revenues and margins, aftermarket activities will continue to gain prominence in both established and emerging markets.

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Several industry trends influencing the piston rings aftermarket in short and long term-

Piston ring sales in aftermarket majorly includes consumers such as garages, independent repair shops, and authorized dealers. Direct sale to vehicle owners is rarely observed.
New mobility business models are poised to disrupt vehicle ownership, personal mobility, and goods logistics- correspondingly increasing the utilization rate and maintenance activities.
The global piston rings aftermarket is mainly driven by Europe and North America against the backdrop of massive automobile fleet. Nonetheless, future demand for piston rings in aftermarket will predominantly attributed by East Asia and South Asia due to foreseeable increase in the respective automobile markets.
Research also suggests that piston rings replacement is more prominent in commercial vehicles and passenger cars, which collectively account for a hefty share in the aftermarket.

The market has been lately witnessing a gradual material shift from grey cast iron to steel variants such as carbon steel, stainless steel, and silicon-chromium steel. While it intends to achieve improved wear resistance and product strength, it will be an important factor shaping market performance in the near future.

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Seeking Profitability through Enhanced Manufacturing Capabilities

The presence of a large number of prominent players continues to fuel the competition in piston rings aftermarket. To be able to cater to ever-growing demand for piston rings, manufacturing companies have been on their toes with enhanced production capabilities. Additionally, OEMs encounter increasing investment needs and margin pressure in piston rings aftermarket.

Distribution channels in the automotive piston ring aftermarket is expected to be innovated to embrace the digital trend in the near future. Federal Mogul and Mahle recently announced investments in the development of new sales platforms to help escalate sales in the automotive E-commerce space.

Key Players Moving Beyond Traditional European Markets

In the long run, the use of piston rings in gasoline engines will continue to bolster the growth of the piston rings aftermarket during the forecast period. Besides, the European piston rings aftermarket is a rather mature market with flat aftermarket volumes. The competitive intensity remains high level which prompts companies to target new growth regions as their next developmental strategy.

The European aftermarket will continue to grow; however, traditional suppliers- mainly piston rings manufacturers will be pressurized on the back of growing electric vehicle (EV) sales. On the other side, South Asia will almost double its market size by the end of forecast period, accounting for nearly 13% of the global market value. The report indicates that East & South Asia hold noteworthy opportunities for leading and emerging players in the piston rings aftermarket.

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Why is There High Demand for Tires in E-Two Wheelers Market?

E-Two Wheelers Market 2022

The global E-Two Wheelers market is projected to expand at a value CAGR of 11.6% over the forecast period of 2022-2032 to reach a valuation of US$ 58.66 Bn Mn by the end of 2032.

With increasing investments toward the development of infrastructure and population across several countries, E-Two Wheelers are also anticipated to witness a demand boom over the coming years. Long-range and-high performance electric scooters, motorcycles, and bicycles are being introduced in many countries, which is ultimately expected to benefit the market for E-Two Wheelers over the coming years.

The need for carbon footprint reduction in the environment along with fuel-efficient bikes and enhanced user experience, is compelling manufacturers to increase their investments in production, which will bode well for market expansion going forward.

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Key Takeaways from Market Study

Demand for electric bicycles is projected to increase at a CAGR of 11.5% from 2022 to 2032.
Electric scooters are expected to hold the highest market share of 12.4% in terms of volume.
By battery type, lithium-ion batteries are projected to enjoy a market share of more than 26.5% by 2032.
By category, battery two wheelers are projected to be the leader with a market share of more than 83%.
By region, East Asia is projected to hold the highest share in the global market accounting for more than 64.5%.
The U.S. is projected to register the highest absolute $ opportunity of US$ 783.3 Mn from 2022 to 2032.

“Cost-effectiveness, low maintenance, and reduction in carbon footprint to remain main driving factors for sales of E-Two Wheelers,” says a Persistence Market Research analyst.

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Market Landscape Identified to Be Fairly Competitive

On a regional, national, and global basis, the worldwide E-Two Wheelers market is highly competitive and fragmented.

Key electric two wheeler manufacturers included in the report are GOVECS AG, Vmoto Limited, Honda Motor Co. Ltd., Terra Motors Corp., Bayerische Motoren Werke AG (BMW), Jiangsu Xinri E-Vehicle Co. Ltd., Piaggio & C. SpA, Giant Manufacturing Co. Ltd., Accell Group, Derby Cycle Holding GmbH, Pedego Electric, VOLT E BYK, Energica Motor Co SpA, Zero Motorcycles Inc., and ECCITY Motorcycles.

Conclusion

Increasing monetary and non-monetary incentives are aiding the adoption of battery-powered two wheelers. Furthermore, the desire for sustainable urban mobility and modern transportation is driving the move from traditional to electric forms of transportation. E-Two Wheelers are projected to increase energy security and enhance air quality.

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The E-Two Wheelers market is likely to be fueled by technological advancements, partnerships, and mergers & acquisitions by leading industry competitors.

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Wednesday 26 October 2022

What are significant opportunities and improvement areas for Wool Market manufacturers?

Wool Market 2022

A new wool market research report published by the Persistence Market Research (PMR) about the global wool market during 2014-2018 and forecast for 2019-2029 provides important insights about the dynamics, trends, volume, and value. According to the study, in 2018, the value of global wool market was approximately US$ 33.8 Bn. This value is expected to grow over the forecast period (2019-2029) to reach nearly US$ 49 Bn by 2029-end.

The CAGR at which the market is likely to grow is ~3%. This significant growth in the global wool market can be attributed to several factors that are contributing to the growth of the global wool market. One of the key factors driving the wool market is the increasing disposable income of consumers across various geographies, which has significantly boosted the spending capacity of consumers on apparels and interior textiles.

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Amidst Waning Demand, East Asian Countries Offer Bright Opportunities

China is one of the prominent regions in terms of the growth of the textile industry. Growth in the overall production as well as the export of textiles in China has been significant over the past few years. Hence, a prominent share of the global wool market volume is consumed from the textile producers located in China. The wool consumption is comparable in all the end uses of wool, which include the production of apparels, interior textiles, and floorings. Furthermore, other favorable conditions, such as economical textile production, the availability of raw material, and significant growth of the manufacturing sector in China, are expected to boost the consumption of wool from textile industries. Thus, East Asia, with a significant contribution from China, is expected to provide attractive opportunities for the growth of the global wool market.

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Consumers Continue to Show a Marked Preference for Fine Wool, Apparels Remains the Most Lucrative Category

The global wool market has been segmented based on the wool type, applications, and seven geographical regions.

The demand for wool is expected to increase as a result of rapid urbanization, growing middle-class population, and increasing sustainability. With growing economic prosperity and increasing purchasing power, consumers are moving toward the use of products that used to be unaffordable. This has, in turn, resulted in an increase in the demand for consumer products such as apparels and accessories. To cater to this demand, growth in the production of apparels has been significant. Apparels is one of the key applications of wool, which holds a notable share of the global wool market volume. Therefore, the growing production of apparels is expected to increase the demand for wool, which is expected to drive the growth of the global wool market.
Growth in the demand for wool from apparels is further boosted by the increasing retail sales of clothing across different geographies. Growth in the retail sales of clothing has been substantial over the past few years owing to the changing lifestyles of consumers. Aggressive marketing strategies are being adopted by the clothing industry participants, which have boosted the popularity of woolen athleisure among the young population
For better quality and optimized apparel production, fine wool is significantly preferred by textile industrialists. This factor has resulted in the prominent consumption of fine wool among the other types of wool. Therefore, fine wool is expected to witness lucrative growth in the global wool market.

Increasing Adoption of Natural Clothing in Developed Regions Witnessed

In regions such as North America and Europe, consumer awareness about clothing fibers has increased. Consumers are now more concerned about the adoption of apparels made from natural fibers. This factor has significantly increased the sales of textile products made of wool.

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What are sales, revenue, and price analysis by regions of Agrochemicals Market?

Agrochemicals Market 2022

Agrochemicals Market Segmented By Nitrogen Based, Potassium Based, Phosphorous based Fertilizers and Insecticides, Fungicides, Herbicides, Bactericides Based Pesticides in Paints and Coatings, Pesticides, Chemicals, Gasoline, Printing, Rubber and Leather Form

Agrochemicals are substances that help in the management of agricultural ecosystems and micro-organisms in the farming area. The use of Agrochemicals is critical to raising crop yield. Agrochemicals include various substances, such as fertilizers, pesticides, liming & acidifying agents, soil conditioners, etc. Fertilizers are substances that are added to agricultural lands to encourage the growth of plants and to increase crop yield. They are manufactured using synthetic chemicals or organic living materials.

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agrochemicals market

Most of the fertilizers use Potassium, Nitrogen and Phosphate as essential ingredients. Pesticides are substances that are used to treat pests or other parasitic organisms that may be harmful to crops. Many different types of pesticides, such as fungicides, herbicides, insecticides, bactericides and others, are used in agricultural farms. Soil conditioners are substances that are added to the soil to increase its ability to hold oxygen and water.

Materials used as soil conditioners includes sewage sludge, peat, shaded newspapers and others. Agrochemicals hold an important place in the agriculture industry and thus, the global market for Agrochemicals is projected to register healthy growth during the forecast period and reach a market value of US$ 281.93 Bn by the end of the forecast period.

On the basis of product type, Agrochemicals can be classified into fertilizers, pesticides and others. The Pesticides segment will dominate the Agrochemical market in terms of global market value share and is estimated to account for 74.3% of the total incremental $ opportunity created by the end of the forecast period.

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Agrochemicals are used for several applications in the agriculture industry. For instance, agrichemicals are used to enhance crop yield in less cultivable lands. They help maintain the fertility of soil and enrich the crop ecosystem. Liquid Agrochemicals are used as pesticides for pest control. Different types of pesticides have different applications. For instance, fungicides and bactericides are used to kill bacteria and fungi in various types of crops. The solid form will lead the global Agrochemicals market and is projected to create incremental $ opportunity worth US$ 72.06 Mn by the end of the forecast period.

In 2018, Asia Pacific proved to be one of the most lucrative regions in the global Agrochemicals market and is estimated to have accounted for approximately 63.6% share in the global incremental dollar opportunity created in the Agrochemicals market. Asia Pacific continues to be a dominant market for Agrochemicals and significant growth is being observed in the region owing to rising demand for fertilizers and pesticides to induce higher crop production in the region.

Moreover, rising consumption of Agrochemicals in Latin America and Europe owing to the expanding agriculture industry in these regions is also expected to drive the growth of the global Agrochemicals market. Middle East & Africa and North America regions are estimated to register healthy growth over the forecast period.

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BASF SE, Bayer AG, DowDuPont, FMC Corporation, DuSolo Fertilizers, Yara International ASA, Israel Chemicals Limited (ICL), The Mosaic Company, WinHarvest Pty Ltd, Syngenta AG, Nutrient Ltd., PhosAgro, Saudi Arabia Fertilizer Company (SAFCO), OCI N.V., S.A OCP, Jordan Abyad Fertilizers and Chemicals Company, K+S KALI GmbH and Heringer are some of the key market participants in the global market.

Long-term Outlook Agrochemicals Market: In terms of market value, the global Agrochemicals market is projected to create incremental $ opportunity worth US$ 90.31 Bn over the forecast period. India is projected to register significant growth in the Agrochemicals market. This country will grow at a CAGR of 6.9% during the forecast period.

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