Market Research News: February 2023

Tuesday, February 28, 2023

Polyvinylidene Fluoride (PVDF) Market Growth Influenced by Burgeoning Opportunities from Prime Applications

Polyvinylidene fluoride (PVDF) is a high-performance polymer that is used in a variety of applications due to its excellent properties such as high chemical resistance, high-temperature stability, and high UV resistance. The global PVDF market is expected to experience significant growth in the coming years due to increasing demand from various end-use industries such as electrical and electronics, aerospace and defense, and oil and gas.

The growth in the market is primarily driven by the increasing demand for PVDF in various end-use industries, such as electrical and electronics, chemical processing, and construction.

The electrical and electronics industry is the largest consumer of PVDF, accounting for more than 40% of the total demand. PVDF is used in the manufacturing of electronic components, such as capacitors, transistors, and integrated circuits, due to its high dielectric strength and insulation properties. The aerospace and defense industry is another major consumer of PVDF, where it is used in the manufacturing of aircraft components, such as fuel lines, hydraulic systems, and wiring insulation.

Geographically, Asia-Pacific is expected to be the largest and fastest-growing PVDF market during the forecast period, owing to the presence of a large number of end-use industries, such as electrical and electronics, chemical processing, and construction, in the region. The region is also home to several major PVDF manufacturers, such as Arkema SA (France), Solvay SA (Belgium), and Kureha Corporation (Japan).

Overall, the PVDF market is expected to experience significant growth in the coming years, driven by increasing demand from various end-use industries and the development of new applications.

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High Performance Insulation Materials Market Motivated with Rising Demand from Industrial Sector during Forecast Period 2022-2028

The high-performance insulation materials market refers to the market for insulation materials that offer superior thermal, acoustic, and fire-resistant properties compared to conventional insulation materials. These materials are typically used in applications where high levels of insulation performance are required, such as in industrial settings, building construction, and transportation.

Some of the key factors driving the growth of the high-performance insulation materials market include the increasing demand for energy-efficient buildings and industrial processes, as well as the growing concerns over environmental sustainability and the need to reduce greenhouse gas emissions.

The market for high-performance insulation materials is segmented by type, application, and region. Some of the most commonly used high-performance insulation materials include aerogels, ceramic fibers, glass fibers, and mineral wool. These materials are used in a wide range of applications, such as in building insulation, industrial insulation, and transportation insulation.

Geographically, the high-performance insulation materials market is dominated by North America and Europe, which are the largest markets for high-performance insulation materials due to the presence of a large number of manufacturers and increasing demand for energy-efficient buildings in these regions. The Asia-Pacific region is also a rapidly growing market, due to increasing industrialization and urbanization in countries such as China and India.

Some of the key players in the high-performance insulation materials market include Saint-Gobain S.A., Owens Corning, Johns Manville, Cabot Corporation, BASF SE, Dow Corning Corporation, Aspen Aerogels Inc., and 3M Company. These companies are focusing on research and development to develop new and innovative high-performance insulation materials to meet the growing demand for energy-efficient and sustainable building and industrial processes.

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Polymer Stabilizers Market 2022-2028 – Onset of Advanced Technologies to Upsurge the Growth

The polymer stabilizers market refers to the industry that produces additives used to prevent degradation and oxidation of polymers, such as plastics, rubber, and fibers, during processing and use. Polymer stabilizers are used to enhance the properties of polymers, such as their durability, stability, and colorfastness, and to extend their useful life.

There are several types of polymer stabilizers, including antioxidants, UV stabilizers, thermal stabilizers, and processing stabilizers. Antioxidants prevent the degradation of polymers caused by heat and oxidation, while UV stabilizers protect polymers from the harmful effects of ultraviolet radiation. Thermal stabilizers prevent the degradation of polymers at high temperatures, while processing stabilizers enhance the processing and handling of polymers during manufacturing.

The polymer stabilizers market is driven by several factors, including the increasing demand for polymers in various industries, such as packaging, construction, automotive, and electronics, and the need to improve the performance and durability of polymers. The market is also influenced by government regulations and environmental concerns, as polymer stabilizers can affect the health and safety of workers and the environment.

The global polymer stabilizers market is highly competitive and fragmented, with several large and small players operating in the industry. Some of the major players in the market include BASF SE, Songwon Industrial Co., Ltd., Clariant International Ltd., Solvay SA, and Evonik Industries AG. The market is expected to continue to grow in the coming years, driven by increasing demand for polymers in emerging markets and the development of new and innovative polymer stabilizers.

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Bunker Fuel Market Growth Factors, Types and Applications, Regional Analysis, Key Players and Forecast to 2028

Bunker fuel, also known as marine fuel or heavy fuel oil, is a type of fuel used by ships and other large marine vessels. It is a residual fuel, which means that it is produced from the remaining heavy oils after lighter fractions such as gasoline, diesel, and jet fuel have been extracted from crude oil. Bunker fuel is typically characterized by its high viscosity, high sulfur content, and high density.

The bunker fuel market is primarily driven by the demand for marine transportation services. As international trade and commerce continue to grow, so does the demand for bunker fuel. The market is also influenced by a variety of other factors, such as environmental regulations, global oil prices, and the availability of refining capacity.

One of the major challenges facing the bunker fuel market is the increasing regulatory pressure to reduce sulfur emissions from ships. The International Maritime Organization (IMO) has introduced regulations requiring ships to use fuels with a lower sulfur content, which has led to the development of new low-sulfur bunker fuels and alternative fuels such as liquefied natural gas (LNG).

Overall, the bunker fuel market is expected to continue to grow in the coming years, driven by increasing demand for marine transportation and the need to comply with environmental regulations. However, the market is likely to face ongoing challenges related to regulatory compliance, price volatility, and technological innovation.

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Granular Urea Market Growth Is Driven By The Increasing Demands From Various Application Industries & Regions

The granular urea market refers to the global market for granular urea, which is a widely used fertilizer in agriculture. Granular urea is a white crystalline solid with the chemical formula CO(NH2)2 and is a nitrogen-rich compound. It is produced by reacting ammonia with carbon dioxide, resulting in the formation of ammonium carbamate, which is subsequently dehydrated to form urea.

The global granular urea market is driven by several factors, including increasing demand for food due to population growth, a growing preference for granular urea over other forms of urea due to its higher nitrogen content and ease of application, and government initiatives promoting the use of fertilizers to increase agricultural productivity.

The market is segmented based on application, end-use industry, and geography. By application, it is segmented into fertilizers, resins, animal feed, and others. By end-use industry, it is segmented into agriculture, chemical, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some of the key players in the granular urea market include

CF Industries Holdings Inc.
Yara International ASA
Saudi Arabian Fertilizer Company
Nutrien Ltd.
Ostchem Holding
EuroChem Group
Bunge Limited
CVR Partners LP
Luxi Chemical Group Co.Ltd.
Coromandel International Ltd

These companies are investing in research and development activities to develop innovative products and expand their product portfolios to cater to the increasing demand for granular urea.

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Overall, the granular urea market is expected to grow at a significant rate over the forecast period due to the increasing demand for food, the need to improve agricultural productivity, and the increasing adoption of granular urea in various industries.

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Monday, February 27, 2023

Bath Bombs Market to See Incredible Growth By 2022-2028

The bath bombs market refers to the industry that produces and sells bath bombs, which are small, round or shaped products that dissolve in bathwater and release scents, colors, and other ingredients to enhance the bathing experience. Bath bombs have become increasingly popular in recent years, as more people seek out ways to relax and pamper themselves at home.

The bath bombs market includes a variety of different products, ranging from basic, single-color bombs to more complex, multi-layered designs with added ingredients like glitter, flower petals, or essential oils. Some bath bombs are designed for specific skin types or to address certain skin concerns, while others are purely for aesthetic appeal.

The market for bath bombs is largely driven by consumer demand for natural and organic products, as well as a growing interest in self-care and wellness. Many bath bomb brands emphasize the natural and non-toxic ingredients used in their products, and some offer custom scents or designs for an extra personal touch.

Overall, the bath bombs market is expected to continue to grow in the coming years as more consumers prioritize self-care and seek out natural and eco-friendly products.

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Stearyl Alcohol Market Opportunities and Threats faced by the Key Vendors 2028

Stearyl alcohol is a fatty alcohol that is widely used in the cosmetics and personal care industry as an emollient, emulsifier, and thickening agent. It is also used in the production of surfactants, lubricants, and plasticizers. The global stearyl alcohol market is expected to grow at a moderate rate over the forecast period due to the increasing demand for personal care and cosmetic products, as well as the rising demand for bio-based products.

Stearyl alcohol is a type of fatty alcohol that is derived from natural sources such as coconut and palm kernel oil. It is commonly used in the manufacturing of various products such as personal care products, pharmaceuticals, and industrial applications.

The global stearyl alcohol market is expected to grow in the coming years due to the increasing demand for personal care products such as moisturizers, shampoos, and conditioners. The rise in demand for natural and organic products is also expected to drive the growth of the market. The growth in the pharmaceutical industry is another factor that is expected to contribute to the growth of the market.

The Asia-Pacific region is expected to dominate the market, followed by North America and Europe. The growth of the market in the Asia-Pacific region can be attributed to the increasing demand for personal care and cosmetic products, especially in countries like China and India.

The major players operating in the stearyl alcohol market include Sasol, Kao Corporation, BASF SE, Croda International Plc, Ecogreen Oleochemicals, VVF LLC, Kuala Lumpur Kepong Berhad, Emery Oleochemicals, Wilmar International Ltd., and Godrej Industries Ltd. These companies are focusing on research and development activities to develop new and innovative products to cater to the growing demand from the end-use industries.

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Piperylene Market Growth and Analysis - Industry Trends, Size, Shares, Forecast to 2028

Piperylene is a colorless liquid hydrocarbon that is commonly used as a monomer in the production of various polymers and resins. Some of the major applications of piperylene include the manufacture of adhesives, coatings, elastomers, and synthetic rubbers. The global piperylene market is expected to grow at a steady pace in the coming years, driven by the growing demand for polymers and resins in various end-use industries.

One of the key factors driving the growth of the Piperylene Market is the increasing demand for adhesives and sealants in various industries such as construction, automotive, and packaging. Piperylene is used as a raw material for the production of hot-melt adhesives, which are widely used in the construction and automotive industries. The growing construction and automotive sectors are expected to drive the demand for piperylene in the coming years.

Another key driver of the piperylene market is the growing demand for synthetic rubbers in various end-use industries such as automotive, construction, and footwear. Piperylene is used as a monomer in the production of butadiene, which is a key raw material for the production of synthetic rubbers. The increasing demand for synthetic rubbers is expected to drive the demand for piperylene in the coming years.

Geographically, Asia Pacific is expected to be the largest market for piperylene, driven by the growing demand for polymers and resins in various end-use industries such as construction, automotive, and packaging. The region is also home to some of the leading piperylene producers, such as China Petrochemical Corporation and LG Chem. Other key markets for piperylene include North America and Europe, where the demand for adhesives, coatings, and synthetic rubbers is expected to remain strong in the coming years.

Overall, the piperylene market is expected to grow at a steady pace in the coming years, driven by the growing demand for polymers and resins in various end-use industries. However, the market may face some challenges such as the availability of raw materials and the volatility of crude oil prices, which can affect the production and pricing of piperylene.

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Packaging Adhesives Market Growth Strategies 2022 – Forecast 2028, Export, Import, Growth Ratio

The packaging adhesives market refers to the global market for adhesives used in the packaging industry. Packaging adhesives are used to bond various types of packaging materials, such as paper, cardboard, plastic, and metal, to create packaging for products. They are used in a variety of packaging applications, including food and beverage packaging, pharmaceutical packaging, cosmetics and personal care packaging, and industrial packaging.

The market for packaging adhesives is driven by the growing demand for sustainable and eco-friendly packaging solutions, as well as the increasing demand for packaged products in developing economies. The rise of e-commerce and online shopping has also contributed to the growth of the packaging adhesives market, as more products are being shipped in packaging that requires adhesive bonding.

The packaging adhesives market is highly competitive, with a large number of global and regional players. Some of the key players in the market include

Henkel AG & Company KGaA
3M Company
Paramelt B.V.
H.B. Fuller Company
Bostik SA
Avery Dennison Corporation
Sika AG
Wacker Chemie AG
Ashland Inc.
Dymax Corporation
DowDuPont Inc.
Huntsman Corporation

The market is also characterized by a high degree of innovation, with companies constantly developing new and advanced packaging adhesive solutions to meet the evolving needs of the industry.

The global packaging adhesives market is expected to continue to grow in the coming years, driven by factors such as the increasing demand for sustainable packaging solutions, the rise of e-commerce, and the growing demand for packaged products in emerging economies. However, the market is also facing challenges such as fluctuating raw material prices and the increasing demand for bio-based and renewable packaging solutions, which could impact the demand for traditional packaging adhesives in the long run.

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Incontinence Skin Care Products Market 2028 Sales, Size, Benefits, Developments, Business Opportunities and Future Investments

The first step in caring for the skin of a person who is incontinent is to cleanse it thoroughly. Washing with mild, nonalkaline soap after an episode is appropriate, however, using a special cleanser can help prevent skin irritation and odors. Some cleansers are scented, and others are soap-free. The prevalence of urinary incontinence has increased in the recent years, and market players are attempting to appeal to younger consumers with thinner, more discreet packaging.

Market Dynamics:

Rising number of old-age population along increasing prevalence of obesity is expected to hamper growth of the global incontinence skincare products market over the forecast period. Geriatric populations and people suffering from diabetes suffer from urine incontinence, and increasing number of these patients is driving the demand for the skincare products. For instance, as per the World Population Prospects 2019 of United Nations, the rate of people aged 65 and over is likely to increase from 1 in 11 people in 2019 to 1 in 6 people in 2050.

However, social stigma around urinary incontinence and its skincare products for treating infections as well as high number of undiagnosed cases and ignorance towards incontinence disorder is likely to hamper growth of the global incontinence skincare products market over the forecast period.

Impact of COVID-19:

The epidemic of COVID-19 adversely affected various industries across the globe. Many countries implemented stringent lockdown regulations to control the virus spread. During this period, non-emergency treatments and medical procedures were suspended as hospitals were overburden with COVID-19 cases. Many market stores were also shut down during the lockdown period. The demand for incontinence skincare products declined, which further adversely impacted the market growth.

☛Usefully Reference…⋙ https://www.coherentmarketinsights.com/market-insight/incontinence-skin-care-products-market-1363

Key Takeaways:

The global incontinence skincare products market is estimated to grow, with a CAGR of % over the forecast period due to increasing cases of urologic disorders such as urinary incontinence, urinary retention, kidney stones, cystitis and more. For instance, in June 2021, a research published in the Journal of Urology stated that the prevalence of urinary incontinence during 2005 to 2016 was 53%; where 16% of women were suffering from mixed urinary incontinence, 26% suffered from stress only and 10% suffered from only urgency.
North America among regions is expected to witness high growth in the global incontinence skincare products market over the forecast period. This growth is attributed to rapidly growing geriatric population, risks related to bacterial growth and infection from incontinence leading to surged sales of incontinence skincare products across the region.
Key players operating in the global incontinence skincare products market are Coloplast, Abena Group, Medline Industries Inc., Svenska Cellulosa AB, Emilia Personal Careand, Attends Ltd., Coloplast A/S, and ConvaTec Group Plc.

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Friday, February 24, 2023

Pistachio Market Motivated with Rising Demand from Industrial Sector during Forecast Period 2022-2028

Pistachio nuts are low in calories and fat. However, they have significant amounts of protein. They can also elevate blood pressure. Pistachios are a popular snack food that can be used in a variety of ways. Besides serving as an excellent addition to a salad, they can be used in baking. They have a high content of fiber. And they're packed with anti-inflammatory compounds like anthocyanins and flavonoids. And their high level of fiber makes them a healthy snack choice. Pistachios Market may lower blood pressure. One study reviewed 21 studies and found that eating pistachios reduced the upper limit of blood pressure by 1.82 mm/Hg.

Market Dynamics:

Rising use of pistachio as a flavoring substance along with increasing consumption of it as snacks is expected to propel growth of the global pistachio market over the forecast period. With increasing awareness about benefits of pistachio, its use as snack is increasing and it is used as flavoring in various bakery products. For instance, in May 2021, Wonderful Pistachios, a snack company launched two new flavors of shelled nuts that are Wonderful Pistachios No Shells BBQ and Sea Salt & Vinegar flavors.

However, high price compared to other nuts and contamination occurring in pistachios due to carcinogenic substances which is projected to hinder growth of the global pistachio market over the forecast period.

Impact of COVID-19:

COVID-19 impacted the pistachio market directly and adversely. The demand for this nut declined during the pandemic. People had to stay inside as many countries after the COVID-19 outbreak implemented stringent lockdown regulations. Supermarkets were closed down during this period, and supply chains and distribution channels were also disrupted during the pandemic. Due to all these reasons, the global pistachio market witnessed negative impact of the pandemic. However, the pandemic situations is going back to normal which is likely to support growth of the market.

Key Takeaways:

The global pistachio market is estimated to grow, with a CAGR of % over the forecast period due to increasing demand for pistachio in the cosmetic and food industry across the globe. For instance, in July 2021, Three Trees launched Plant-Based Pistachio Nut Milk made from only five ingredients including organic California pistachios.
Among regions, Europe is anticipated to witness significant growth in the global pistachio market over the forecast period. This is due to healthy snaking and eating habits are becoming popular across the region.
Key players functioning in the global pistachio market include The Pistachio Co Food Trading LLC., Whistler Foods, Setton Pistachio of Terra Bella, Inc., Houston Pecan Company, Germack Pistachio Company, Meridian Growers LLC, Wonderful Pistachios & Almond Company LLC, Sierra Nut House, Rasha Pistachio Co., and Bates Nut Farm.

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LNG Bunkering Market Seeking Growth from Emerging Study Drivers, Restraints and Forecast 2028

The process of LNG Bunkering requires a great deal of attention to detail. It's crucial to adhere to local port regulations and obtain permission from the port authorities before undergoing LNG bunkering. It also requires that both the receiving ship and the LNG bunker ship adhere to the IMO IGF Interim Guidelines for Safe and Proper Bunkering. Proper safety is critical to successful LNG bunkering. Proper safety and health precautions should be taken during LNG bunkering to prevent ill-effects on the crew and vessel.

Market Dynamics:

Governments across the globe are increasingly implementing stringent regulations, which is driving the demand for LNG bunkering and this in turn is expected to propel growth of the global LNG bunkering market over the forecast period. In order to reduce or control carbon emissions there are many stringent environmental policies being implemented around the world. For instance, in December 2021, the U.S. EPA finalized revised national greenhouse gas (GHG) emissions standards for light trucks and passenger cars for Model Years 2023 to 2026 to reduce emissions of GHG and other criteria pollutants.

However, high initial cost required to create high pressure storage as well as supply vessels is expected to hinder growth of the global LNG bunkering market over the forecast period.

Impact of COVID-19:

The virus outbreak in China led to its spread across more than 200 countries around the world. The cases of COVID-19 rapidly increased due to which many countries implemented stringent nationwide lockdown regulations. Under these regulations several non-emergency activities were closed down. Market supply chains were disrupted as there were temporary restrictions on export and import operations. This adversely affected the global LNG bunkering market. However, as the pandemic situations and lockdown regulations go back to normal, it is likely to support growth of the market.

Key Takeaways:

The global LNG bunkering market is estimated to grow, with a CAGR of % over the forecast period due to rise in truck adoption for shipping LNG bunkering across the globe. For instance, in June 2021, Dutch Titan LNG commissioned a short-term truck loading facility in Port of Zeebrugge in Belgium for supplying LNG as marine fuel during GATE terminal maintenance.
Among regions, Europe is anticipated to witness substantial growth in the global LNG bunkering market over the forecast period. This is due to strong presence of large consumer base and increasing maritime trade operations in the region.
Key players active in the global LNG bunkering market are Exxon Mobil Corporation, Energy Solutions B.V., PETRONAS, Crowley Maritime Corporation, Total SE, Gasum Oy, SHV Energy, Harvey Gulf International Marine, Royal Dutch Shell Plc, Klaw LNG, Polskie LNG S.A., Korea Gas Corporation, Fjord Line, ENN Energy Holdings, Ltd., EVOL LNG, Statoil ASA, Eagle LNG, and Gas Natural Fenosa.

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Kefir Market Estimated to Grow at a Significant Rate Throughout the 2028 and Focusing Key players

Kefir is fermented milk product which is similar to a thin yogurt. Several studies have shown that kefir Market has beneficial effects on the microbiota. One study, conducted in rabbits, found that kefir grain gel had a significant impact on a model of a contaminated open wound. The gel also cleared the infection faster than normal. Kefir is an excellent option for people who suffer from yeast infections and other illnesses, however, it should be taken with caution. It may also have harmful side effects.

Market Dynamics:

Growing demand for probiotics along with increasing awareness about digestive health is expected to propel growth of the global kefir market over the forecast period. As the prevalence of life-style related diseases is increasing, people are becoming more aware about gut microbiota and its importance, which is driving the demand for probiotic beverages. For instance, in December 2021, Cymbiotika, a leader in nutritional supplement who creates clinically backed and organic supplements launched its Probiotic making an addition of probiotics to its product line.

However, maintaining shelf-stability of kefir is challenging, which in turn is likely to hinder growth of the global kefir market over the forecast period.

Impact of COVID-19:

The COVID-19 pandemic significantly affected growth of several industries. The outbreak COVID-19 in China led to spread of the virus across more than 100 countries. It affected several market activities such as manufacturing, supply and distribution negatively. The demand for products such as kefir declined during the pandemic and so the manufacturing of kefir products. Thus, the global kefir market witnessed adverse impact of the COVID-19 pandemic. However, relaxation in lockdown regulations is likely to help regain the market growth.

Key Takeaways:

The global kefir market is estimated to grow, with a CAGR of % over the forecast period due to increasing demand for fermented dairy products. For instance, in December 2021, DuPont Nutrition & Biosciences launched the new series of dairy cultures and probiotic formulations in China to offer yogurt producers novel solutions for fermented dairy products.
Among regions, Asia Pacific is anticipated to witness substantial growth in the global kefir market over the forecast period. This is due to growing awareness in consumers about fermented milk products in countries such as Australia, Japan, and New Zealand in the region.
Key players functioning in the global kefir market include Yeo Valley, Biotiful Dairy Ltd, Springfield Creamery, Inc. Danone, Redwood Hill Farm & Creamery, Fresh Made Dairy, Nourish Kefir, Lifeway Foods, Inc., Nestlé S.A., and Maple Hill Creamery, LLC.

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Multi Depth Corrugated Box Market Analysis By Marketing Channel Development Trend And Industry Effect Factors Analysis By 2028

The multi-depth corrugated box market refers to the industry that produces and sells boxes made from corrugated cardboard with multiple depths, which can be adjusted to fit the specific needs of a product.

Corrugated boxes are widely used in the packaging industry due to their durability, lightweight, and low cost. Multi-depth corrugated boxes are particularly useful for businesses that ship a variety of products in different sizes and quantities, as they allow for more efficient and cost-effective packaging.

The multi-depth corrugated box market includes manufacturers, suppliers, and distributors of these boxes. The market size and demand for these boxes depend on various factors such as the growth of the e-commerce industry, increasing demand for sustainable packaging, and advancements in the packaging technology.

The key players in the multi-depth corrugated box market include

International Paper
DS Smith Plc
Mondi Group Plc
MeadWestvaco Corporation
Packaging Corporation of America
VPK Packaging Group
Nine Dragons Paper
Nampak Limited
Smurfit Kappa Group.

These companies offer a wide range of corrugated boxes with different sizes and depths to meet the needs of various industries, including food and beverage, pharmaceuticals, and consumer goods.

Overall, the multi-depth corrugated box market is expected to continue growing in the coming years as businesses increasingly prioritize efficient and sustainable packaging solutions.

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Phenolic Resins Market In-Depth Analysis and Future Forecast 2022-2028 | Comprehensive Study By Key Players

Phenolic resins is a polymer which bears the property of super resistant to heat and electricity. The usage of phenolic resin are found in abrasives, materials for molding, laminates, adhesives, insulators materials and friction materials. The classification of phenolic resin is – resole and novolac. Under normal conditions, resole is made with excess amount of formaldehyde and under acidic conditions; novolac is made with excess amount of phenol.

Globally, the market for phenolic resins are priced at US$ 14605.0 million in the year 2021, as per revenue, showing a CAGR of 4.84% in the predicted period from 2022 to 2030.

Drivers

In the automotive industry, there is increased need for Phenolic Resins Market, and therefore growth in the automotive industry is estimated to boost the growth of the market. Phenolic resin is extensively used in vehicles owing to its property of resistant to heat, impact, lightweight and retardancy to fire. The rise in automobile production across the emerging regions is the main influencer fuelling the growth of the market.

The extensive usage of phenolic resin in impregnated materials owing to increased stringent regulations for promotion in fields of efficient energy is accelerating the growth of the market. Furthermore, increasing need for materials of low-density which offers thermal insulation and better durability is fuelling the growth of the phenolic resin market. In the commercial and residential sectors, phenolic resin have increased usage in building green spaces and is estimated to raise the growth of the market.

Recent Developments

Sumitomo Bakelite in September 2020 established a solid novolac phenolic resin by use of nonedible lignin to make it available on a commercial basis. The new resin has an extensive value in auto applications, mainly in EVs or the electric vehicles.

A manufacturer of equipment related to skiing, climbing, and mountain sports, Black Diamond and a private equity firm with global base aims on buyouts of mid-market companies, Investindustrial, acquired Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses from Hexion, In., a producer of thermoset resins.
A world leader in innovative technology of performance additive, active pharmaceutical ingredients, & chemical intermediaries, and process solutions, Si Group, in 2020, extended its facility in Nanjing, China to escalate the production capacity of tackifier resins by 50%.

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Competitive Section

The main companies functioning in the market for phenolic resin are BASF SE, Chang Chun Plastics Co. Ltd., Georgia Pacific Chemicals LLC, Kolon Industries Inc., Prefere Resins, Mitsui Chemicals Inc., Sumitomo Bakelite Co., Ltd, Hitachi Chemical Co. Ltd., SI Group, Inc., and Momentive Specialty Chemicals, Inc.

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Thursday, February 23, 2023

Aluminum Powder Market Top Impacting Factors to Growth of the Industry by 2028

The aluminum powder market refers to the global industry that produces, distributes, and sells aluminum powder. Aluminum powder is a fine granular material that is produced by grinding aluminum into a powder. It has a wide range of applications in industries such as aerospace, automotive, construction, explosives, and metallurgy.

The Aluminum Powder Market is driven by the increasing demand from the automotive industry, where it is used to produce lightweight materials for cars that offer better fuel efficiency. The construction industry also drives demand, as aluminum powder is used in the production of lightweight and durable materials for building and construction.

In addition, the aerospace industry is a major consumer of aluminum powder, where it is used in the production of aircraft parts and components. The military also uses aluminum powder in the production of explosives and other military applications.

The global aluminum powder market is highly competitive and fragmented, with a large number of small and large players operating in the industry. Some of the key players in the market include Alcoa, UC Rusal, ECKART, Kymera International, Toyal America, and Xinfa Group.

The market is also impacted by factors such as the price of raw materials, government regulations, and environmental concerns. For example, environmental regulations that limit the use of certain chemicals or processes in the production of aluminum powder can affect the market's growth and profitability.

Overall, the aluminum powder market is expected to continue to grow as demand from industries such as automotive, construction, and aerospace increases. However, the market will also face challenges related to competition, raw material costs, and environmental regulations.

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