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Durability,
flexibility, and high resistance make polyaspartic coatings widely popular
across diverse end-use industries, starting from construction to power
generation. While the COVID-19 pandemic took a toll on market players earlier
in 2020
The global polyaspartic coatings market is in the recovery
phase with the construction and transportation sectors gaining momentum again
after initial shocks due to the COVID-19 pandemic. While manufacturers are
gaining momentum again, high requirement for water-based polyaspartic coatings
is significantly surging demand from key end-use industries such as power
generation, construction, and transportation.
The latest report on the polyaspartic
coatings market published by Fact.MR provides a thorough analysis of
the post-pandemic market, demand-supply patterns, and key factors around the
globe during the forecast period of 2021 to 2031.
According to the report, the focus of stakeholders will be
North America, Asia Pacific, and Europe, with the U.S. China, Japan, India, and
the United Kingdom in the limelight. Overall, the market outlook will remain
positive and progressive, expanding at a healthy CAGR of 5.5% over the next ten
years.
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Key Takeaways from
Market Study
·
High demand for water-based coatings to fuel
sales of manufacturers
·
Requirement from construction and transportation
sectors to drive growth of suppliers
·
The United States to lead in the world’s largest
polyaspartic coatings market - North America
·
Germany to exhibit hegemony in the world’s
second-largest polyaspartic coatings industry - Europe
·
China to emerge dominant in the world’s
fastest-growing polyaspartic coatings market - Asia Pacific
·
Canada, the United Kingdom, Japan, South Korea,
and India are few other countries to emerge lucrative market during the
forecast period
“Despite suffering a setback during the outbreak of
COVID-19, demand for polyaspartic coatings is rising fast, creating promising
opportunities for stakeholders in this field, with requirements from
construction, transportation, and power generation sectors set to rise,” says a
Fact.MR analyst.
Demand for
Polyaspartic Coatings Rising from Construction Industry
Polyaspartic coatings are extensively used in floor &
roof coatings, concrete repair, interior & exterior architecture, and
others in the construction industry. While the construction industry got
battered by the COVID-19 pandemic, it’s getting back on track with an increase
in the number of residential, commercial, and industrial projects.
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United States
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The global market for adiponitrile is expected to grow at a
moderate CAGR of 4.5% during the forecast period (2019 to 2029) to reach a
valuation of more than US$ 12 Bn.
The adiponitrile
market is growing at a CAGR of around 4.5% through 2029,
bolstered by a strong demand for polymer nylon 6-6, which finds widespread
applications in the production of commodities such as electro-insulation,
conveyor belts, and carpet fibers.
The adiponitrile market is also being supported by an upward
trajectory in the Asia Pacific region, owing to the easier availability of low
cost facilities for production.
The demand for nylon 6-6 is continuing to grow across United
States and Europe, owing to its use as a popular resin in engineering
applications.
This is particularly true in terms of the demand for tyre
cords from the global automotive segment, which is generating a number of
lucrative opportunities in the market for the near future. On the basis of this
trend, the sales of adiponitrile are expected to surpass US$ 12 Bn by the end
of 2029.
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Key Takeaways of
Adiponitrile Market Study
Adiponitrile for nylon synthesis applications will hold
control over 85% of the global adiponitrile market with a growth of 1.4 x
through the forecast period, with a slower rate of growth.
Most end use applications for adiponitrile will be aimed
towards the production of automotive components and materials, which will
account for ~42% of the global market, necessitated by the high strength and
temperature requirements of components such as plug parts, radiator housing,
and hydraulic brakes.
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The recent study by Fact.MR on global pepsin market offers
an 8-year forecast between 2019 and 2027. The study analyzes crucial trends
that are currently determining the growth of global pepsin market.
Pepsin is a protein-degrading, or proteolytic, enzyme used
in a wide range of pharmaceutical, and food processing applications.
Though demand for pepsin from pharmaceutical industry is
seeing a spurt, recent past has witnessed high growth in pepsin for processing
of soy protein and gelatin, which is used in an array of applications such as
dairy, poultry and meat products. 1:10000 pepsin grade is forecast to be a
leading segment in the burgeoning applications of pepsin within these products,
reveals Fact.MR in a recently published report on the Global pepsin market.
As per the report, global pepsin market is forecast to surpass US$ 3.9 Bn by
2027 end, reflecting moderate growth of under 5% during the assessment period
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Key Takeaways of
Global Pepsin Market
Global pepsin market is forecast to create an absolute
opportunity of around US$ 1.1 Bn during the forecast period, adding 1.4X more
value as compared to 2019
Pepsin is primarily used as a pharmaceutical intermediate
for formulating digestive drugs, which is a dominant end use, accounting for
around half of the global market share
Use of pepsin as an enzymatic food additive, as a
replacement to rennin in the production of certain cheeses is trending, which
is forecast to propel demand growth of pepsin within the food industry
Liquid form of pepsin is the next growth epicenter in the
global market, which is poised to gain 732 BPS by 2027
Owing to wide application of 1:10,000 pepsin grade in
pharmaceutical & food industry it is the dominant grade of pepsin with
around 40% market share in 2019, however, demand for 1:15,000 grade pepsin is
forecast to be on a rapid growth trajectory during the forecast period
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Ethyl Polysilicate
Market to see Upward Growth, as Cross Linking Applications Capture 1/3rd
Share.global ethyl polysilicate market along with the historical data of 2013,
estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn)
The global
ethyl polysilicate market is projected to grow at a steady CAGR
of over 4% and is estimated to reach a valuation of over US$ 450 Mn by the end
of the forecast period (2019-2027).
Ethyl polysilicate is significantly used as a cross linking
component in cold-curing silicone rubber systems. The use of crosslinking
agents in the application of paints & coatings has increased due to the
high demand for crosslinking agents in water-based coating solutions.
Crosslinking in coatings enhances chemical resistance,
mechanical toughness and appearance. Industrial coatings with cross-linking
agents also enhance color and resistance to corrosion. This has led to
increased consumption of ethyl polysilicate thus maximizing margins of key
players in the ethyl polysilicate market.
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Key Takeaways of
Ethyl Polysilicate Market Study
According to Fact.MR, APAC is projected to hold one third
share in global ethyl polysilicate market and will continue to maintain its
reign in the long term forecast period
Europe is projected to consume more than 1/4th of global
ethyl polysilicate demand while China is anticipated to remain the key regional
cluster for manufacturers and accounts for more than 20% of global production
thus witnessing new growth avenues with emerging Chinese manufacturers in
Southeast Asia.
Ethyl polysilicate is highly used as a binder in paint and
emulsions manufacturing and is expected to grow at a CAGR of more than 3% owing
to its fast curing, high adhesion and high resistance towards UV radiations.
Further, it’s used as a hardening component in the foundry industry and
dentistry as an impression material.
Paints & coatings will drive the demand for ethyl
polysilicate , accounting for nearly half of the demand till 2027 and is set to
gain 1.2X value by the end of 2027
“Growing demand for high performance and protective coatings
across high potential markets is set to create substantial opportunities for
players and will escalate the demand for global ethyl polysilicate in paints
& coatings sector” says the Fact.MR analyst
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The global market for
lithopone is estimated to grow at a moderate CAGR of over 4% during the
forecast period (2019-2027) to reach a valuation of over US$ 250 Mn.
The global
lithopone market is projected to grow at a CAGR of over 4% and
is estimated to reach a valuation of over US$ 250 Mn by the end of the forecast
period (2019-2027).
In the past decade, inorganic pigment industry went through
significant developments. The market developed new application areas such as
plastics, building & construction and paints & coatings which created
new opportunities for growth of lithopone market.
Demand has remained moderate in western economies while APAC
countries are likely to witness above-average growth. High mechanical
performance and easier extrusion proliferates consumption of lithopone in
plastic and glass-reinforced plastic manufacturing.
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Many innovations and technical advancements are witnessing a
prolific increase in the usage of additives for high efficacy. This factor
increases consumption of lithopone in several new applications and will
positively impact the market growth in the near future.
Key Takeaways of
Lithopone Market
Rubber is the most important application of lithopone.
Rubber compounding remains significant area for lithopone consumption and the
segment is expected to grow at a CAGR of over 5%, says Fact.MR
According to the Fact.MR study, high mechanical performance
in plastic amps up the demand of lithopone in plastic manufacturing and the
plastic segment will experience growth of over 4% in the foreseeable future
Demand has remained stagnant in western countries, while
market has shown an increase in Asia-Pacific countries such as China, India,
South Korea, Taiwan and others Asia-Pacific is anticipated to experience
significant growth of over 5% in the long term forecast period.
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COVID-19 Outbreak to
Decelerate Demand for Chemical Mechanical Planarization (CMP) Slurries in
Short-Term, Advanced Technologies to Re-Ignite Growth through 2030, Concludes
Fact.MR
CMP Slurry market
is poised to witness two fold growth by the end of 2029, driven by its
expanding applications in consumer electronics. Efficacy to offer exceptional
planarization and minimal surface defectivity makes CMP slurries an ideal
ingredient in CMP (chemical mechanical polishing).
CMP slurries will continue their legacy with the emerging
need for new abrasives combined with advanced additives to maintain a steady
growth trajectory. This in turn will propel the CMP slurry market to grow at an
astounding CAGR of ~8% during the forecast period (2019-2029).
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Key Takeaways of CMP
Slurry Market:
Technological advances in semiconductor processing and
fabrication has led to the requirement for highly polished and abrasion free
components which will create a progressive environment for growth of the
market.
Advanced device architectures and technologies like 3D
FinFETs, 3D NANDs and 3D packaging will surge the demand for CMP slurries
during the assessment period.
Based on product, aluminum oxide is projected to surpass
market valuation over US $ 1470 Mn by the end of 2029
Cerium oxide is projected to register dominating growth rate
among other products and is anticipated to gain 147 BPS by the end of 2029
Silicon wafers are projected to remain a highly lucrative
application in forthcoming years, representing over half of the global revenue
share till 2029.
Advanced technologies and multilayers are set to offer
additional opportunities as well as new challenges in the market.
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In terms of revenue, Asia Pacific excluding Japan (APEJ)
will continue to dominate the global CMP slurry market throughout the forecast
period with a CAGR of ~8%
“Increasing necessity of tunable slurries with lower
defectivity and high oxide removal rate will augment the demand for CMP
slurries”, says the Fact.MR analyst.
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Dental Infection
Control Products Market Witnessing Introduction of New Aesthetic Materials:
Fact.MR
The Dental
Infection Control Products Market will register a steady CAGR over the
projected period, 2020-2030, as per Fact.MR's new study. Changes in lifestyle
of people and rising focus on dental care is projected to remain key growth
aspects in the global market.
"Although the
impact of COVID-19 on dental care industry has been palpable, growing focus on
maintaining hygiene will augur well for the long-run." says the Fact.MR
report.
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Dental Infection
Control Products Market - Key Takeaways
·
North America will remain lucrative throughout
the assessment period owing to growing awareness concerning dental care.
·
The consumables product category will remain
dominant in the global market owing to their extensive scope of application.
·
Dental
hospitals & clinics are anticipated to attain majority of market share,
however, at present at negatively impacted by COVID-19 outbreak.
Dental Infection
Control Products Market - Driving Factors
·
Introduction of new aesthetic materials and
digital devices along with powerful prototyping & manufacturing tools, is
modernizing the global market
·
Rising demand for dental care products due to
growing geriatric populace with cavity problems, and changing food habits and
lifestyles is significantly swaying market growth.
·
A rising number of trained dentists are
enhancing access to oral care, which, in turn, is augmenting the growth.
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Dental Infection
Control Products Market - Constraints
·
Rising availability of pirated or counterfeit
products in the market might create a bottleneck for the complete market growth
of the dental infection control products market.
·
Higher treatment cost is another aspect posing
as a challenge to the market growth.
Anticipated Market
Impact by COVID-19 Outbreak
The COVID-19 outbreak has had an adverse impact on the
dental infection control products market, as surgeons are at the utmost
transmission risk of the getting disease. Consequently, a drop in demand for
products from hospitals and dental clinics has been foreseen. Moreover, practices
involved in dental academics, dental laboratories, and research institutions
are not compatible with government regulations and norms on COVID-19. This is
negatively impacted the dental infection control products market.
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Marine Oil Market to
Account for a Valuation of US$ 2.6 Bn Towards 2030 End: Fact.MR
The global Marine Oil Market
is likely to record a steady CAGR amid the assessment period of 2020-2030. The
growth can be mainly attributed to increasing demand from various end use
industries, particularly from regions such as East Asia where the most lucrative
prospects are likely to be offered for stakeholders. However, the market will
foresee a short terms effect due to COVID-19 outbreak.
"Market players are optimizing their production to
decrease costs via backward integration, to conciliate for the instability in
prices. Procurement of raw material, which is still inconsistent, prompt a huge
demand-supply gap at the worldwide level. Procurement sources for taking out
marine oil must be categorized in an organized manner, as government
regulations and climatic events can make procurement straining." says a
Fact.MR analyst.
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Key Takeaways
·
EMEA & South Asia & Pacific, will be
contributing over 50% to the overall market share over the forecast period
·
Refined marine oil will be recording a CAGR of
over 4%, due to its increased application in end-use industries
·
Pharmaceuticals category will attain have a notable
market share, worldwide
Drivers
·
Notable rise in aquaculture activities all over
the world is boosting demand for marine oil
·
Extensive application at the industrial level is
pacing up, since end-use companies are using the oil on different fronts, such
as for pet food, cosmetics, and pharmaceuticals, along with others
·
Increasing demand for healthy food products for
instance, as a cooking oil, and as a topping oil for several dishes, will be
boosting the expansion of the market size
·
Growing use of plant-based marine oil in aqua feed
is boosting the growth of market
Constraints
·
Fluctuating raw material cost remains the key
restraining aspects to the market growth
·
Obstruction in raw materials procurements due to
trade restriction amid COVID-19 has widely impacted the market growth pace
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Anticipated Market
Impact by COVID-19 Outbreak
The COVID-19 pandemic has had an adverse impact on the
marine oil demand in the 1st quarter of 2020. Lockdowns imposed all over
several countries in 1st and 2nd quarters of 2020 have caused noteworthy
decrease in demand for marine oil, worldwide. In addition, manufacturing of
marine oil was further impacted due to limitation of raw materials supply.
Conversely, the marine oil market is likely to gradually gain back its
pre-crisis status quo when impacts of the pandemic are lessened.
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Light Tower Market to Expand 1.6X by 2030; Reduced
Construction Activities during COVID-19 Pandemic Impeding Market Growth
In recent years, increasing popularity of solar light towers
in North America and Europe has been significantly influencing the growth of
the light tower
market. Since 2017, oil prices have recovered to above US$ 70 per
barrel from the previous low of US$ 40 per barrel, and have shown signs of
steady improvement.
This, coupled with major production cuts from OPEC
countries, has made the oil & gas industry an under-supplied market,
creating even more demand for oil production. With increasing investments in
the oil & gas industry, demand for light towers is set to rise over the
coming years.
Installation of solar light towers and surge in the number
of end-use industry platforms are opening up new avenues for the light tower
market. According to a new Fact.MR study, the light tower market is poised to
expand at a value CAGR of nearly 5% and account for revenue worth US$ 2 Bn by
2030-end.
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Key Takeaways from Global
Light Tower Market Study
·
LED-based light towers are estimated to account
for 52% share of total market revenue in 2020, and gain 730 BPS in their market
share by 2030 over 2020.
·
Solar-powered light towers continue to influence
the growth strategies of market players, which are expected to contribute
revenue worth US$ 410 Mn in 2020 and US$ 700 Mn by 2030, progressing at a CAGR
of 5.5% during the forecast period.
·
The North America light tower market is
projected to hold a prominent share of the global market value, and is expected
to continue its dominance during the forecast period.
·
The light tower market in China is projected to
resister the highest growth rate in terms of value during the forecast period.
However, the Europe light tower market is slated to experience the slowest
growth rate.
·
The COVID-19 pandemic has resulted in decreased
construction activity around the world, which is affecting the demand for light
towers.
“Advancing construction industry and increasing number of
infrastructure projects by regional government will facilitate numerous growth
opportunities for players in the global light tower market,” says a Fact.MR
analyst.
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Acquisition of
Regional Players - Prime Strategy Key Players
Key players in the light tower market are focusing on the
acquisition of regional players to establish their global presence and ensure
quality of aftersales services provided to customers. For instance, in 2017,
Generac Holding Inc. announced the acquisition of Selmec Equipos Industriales,
S.A. de C.V., and its subsidiaries Enesa Energia, S.A. de C.V. and Enesa, S.A.
de C.V.
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Key players
are engaged on creating and developing cables & leads for medical equipment
which are cost-efficient and user-friendly to support in R&D of infection inhibiting
technical solutions.
The cables and leads for medical equipment market
is poised to register a CAGR of about 5% over the assessment period, 2020-2030.With growing concerns in relation to
transmission and infection control, medical centers are choosing to utilize
disposable medical equipment, this is fuelling demand for cables & leads for
medical equipment in the healthcare sector.
"With surging hospital admission
cases amid the COVID-19 outbreak, the requisite for medical devices has soared
up, in that way contributing to the market growth over the forecast
period." says the Fact.MR report.
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Key Takeaways
·
North
America remains one of the most lucrative regions in the global market due to
growing investments on R&D by both, international companies and governments
·
Hospitals
end use segment will record high demand due to growing investments by both
emerged and emerging regions
·
ECG
is gaining traction among application categories in the global market
·
The
cables & leads for medical equipment will foresee a surge in demand owing
to growing number of patients in hospitals
Driving Factors
·
Increasing
geriatric population and increasing incidences of key chronic diseases are
driving the market growth
·
Increased
government programs for instance Medicaid and Medicare and healthcare
expenditure has positively impacted demand for medical services, along with the
cables & leads for medical equipment
·
Growing
instances of cardiovascular ailments has caused expansion in use of ECG
accessories and equipment, thus encouraging the demand over the forecast period
Constraints
·
High
cost associated with the disposable cables & leads is hindering the
full-fledged expansion in the market
·
Growing
inventions for the expansion of wireless healthcare devices will limit demand
for cables & leads
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Anticipated Market Impact by COVID-19
Outbreak
The cables
& leads for medical equipment market is slated to foresee noteworthy
expansion amid the forecast period as the healthcare sector is gaining
traction. While the market encountered several hiccups amid the initial phases
of the pandemic such as supply chain disruptions, travel and transportation
restrictions. However market players are coming up with novel strategies to
recover pace, the market is projected to regain from losses as well as swell
ahead in the future.
Contact Information
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11140
Rockville Pike
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States
Phone:
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