Wednesday, 28 July 2021

Battery Materials Market Sales Revenue to Touch $80.5 Billion By 2030 | Major Companies, Strategies and New Trends

 According to the report published by Allied Market Research, the global battery materials market generated $45.6 billion in 2020, and is estimated to garner $80.5 billion by 2030, witnessing a CAGR of 5.9% from 2021 to 2030. The report offers an extensive analysis of changing market trends, value chain, top segments, top investment pockets, regional scenarios, and competitive landscape.



Surge in usage of consumer electronics devices such as smartphones and laptops and collaborations between miners and battery manufacturers drive the growth of the global battery materials market. However, regional concentration of battery metal reserves in few countries such as China that poses the risk of supply shortages and environmental concerns related to metal mining hinder the market growth. On the other hand, rise in electric vehicle production and supportive government policies and financial incentives in terms of grants or tax rebates create new opportunities in the coming years.

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Covid-19 Scenario:

  • The battery production activities have been hampered due to disruptions in the mining industry. Lack of workforce in mining and shortage of raw materials required for battery production led to reduced production volumes. However, the production volume would grow steadily during the post-lockdown.
  • The electric vehicle production activities in the automotive sector also hindered due to lockdown measures implemented by governments of many countries. This led to reduced demand for battery materials. However, the demand would grow during the post-lockdown.
  • The demand for battery materials from the consumer electronics industry reduced significantly due to stoppage of production activities during the lockdown.

The report offers detailed segmentation of the global battery materials market based on type, application, and region.

Based on type, the lithium-ion segment accounted for the highest market share in 2020, contributing to more than half of the total share, and is expected to maintain its leadership status during the forecast period. Moreover, this segment is estimated to manifest the highest CAGR of 6.1% from 2021 to 2030.

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Based on application, the electronics industry segment held the largest share in 2020, accounting for more than half of the global battery materials market, and is projected to maintain its leadership status during the forecast period. However, the automobile industry segment is expected to portray the fastest CAGR of 6.2% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in 2020, holding more than two-fifths of the total share, and is expected to continue its dominance in terms of revenue by 2030. Moreover, this region is estimated to witness the largest CAGR of 6.2% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

Leading players of the global battery materials market analyzed in the research include Albemarle, Gan feng Lithium Co. Ltd., China Molybdenum Co. Ltd., Livent Corporation, Glencore PLC, Sheritt International Corporation, Norlisk Nickel, Targray Technology International Inc., SQM, Tianqi Lithium, Teck Resources, and Vale S.A.

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SiC Fibers Market Demand, Share, Growth, PESTLE Analysis, Global Industry Overview, 2021-2030

 According to the report published by Allied Market Research, the global SiC fiber market generated $0.38 billion in 2020, and is estimated to witness $1.47 billion by 2028, manifesting a CAGR of 18.6% from 2021 to 2028. The report provides a detailed analysis of changing market dynamics, key segments, value chain, top investment pockets, regional scenario, and competitive landscape.


Rise in demand from the aerospace market and surge in consumption for energy & power components drive the growth of the global SiC fiber market. However, reduced utilization of non-essential goods during the Covid-19 pandemic hinders the market growth. Contrarily, demand for non-oxide SiC fibers presents new opportunities in the coming years.

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Covid-19 Scenario:

  • The demand for silicon carbide (SiC) fibers has been lowered considerably from the aerospace & defense sector. As per the U.S. Aerospace & Defense Industry (A&D), there has been an immense loss of nearly $150,000 million for the defense sector in the U.S. amid the COVID-19 situation.
  • There has been a disruption in the supply chain as more than 100 countries locked their international borders for transportation and non-essential trade activities.
  • The demand for electricity across the globe decreased by nearly 2.5% in the first quarter of 2020, according to the International Finance Corporation.  In addition, it decreased by nearly 6% by the end of 2020, due to shutdowns imposed in the various parts of the world. This impacted the demand for SiC fibers in the power sector as they are widely used in various high-temperature applications.

The research offers detailed segmentation of the global SiC fiber market based on phase, application, and region.

Based on phase, the crystalline segment accounted for the highest market share, accounting for nearly three-fifths of the total share in 2020, and is projected to maintain its lead position during the forecast period. However, the amorphous segment is estimated to witness the highest CAGR of 19.3% from 2021 to 2028.

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Based on application, the aerospace & defense segment contributed to the largest market share in 2019, holding more than two-fifths of the global SiC fiber market, and is expected to maintain its leadership status during the forecast period. Moreover, this segment is estimated to manifest the fastest CAGR of 19.2% from 2021 to 2028.

Based on region, North America held the largest market share in 2020, accounting for more than half of the total market share, and is expected to maintain its dominant share in terms of revenue by 2028. However, Asia-Pacific is projected to portray the largest CAGR of 21.5% during the forecast period.

Leading players of the global SiC fiber market analyzed in the research include American Elements, Free Form Fibers LLC, BJS Ceramics GmbH, Haydale Technologies Inc., GE Aviation, Nippon Carbon Co., Ltd., NGS Advanced Fibers Co., Ltd., SGL Carbon SE, Saint Gobain, and UBE Industries Ltd.

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Brazil Aluminum Market Statistics 2030: Major Factors that can Increase the Global Demand

 According to the report published by Allied Market Research, the Brazil aluminum market garnered $2.2 billion in 2019, and is estimated to generate $4.1 billion by 2028, registering a CAGR of 4.4% from 2021 to 2027. The report provides a detailed analysis of changing market dynamics, key segments, value chain, top investment pockets, regional scenario, and competitive landscape.



Growth in the transport industry, technological advancements, rapid development & urbanization in emerging economies, and growth in aluminum demand from various end user industries such as foil & packaging drive the Brazil aluminum market. However, fluctuation in prices of raw materials, stringent government regulations toward usage of energy, and increase in substitutes such as carbon fiber limit the market growth. On the other hand, rise in demand for recycled aluminum products and growth in usage of aluminum in the country present new opportunities in the next few years.

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Covid-19 Scenario:

The covid-19 pandemic le to suspended operation in end using industries including building & construction, aerospace & automotive, consumer goods, and machinery & equipment. This in turn declined the demand for aluminum in the province.
However, as the COVID-19 situation is still no better for Brazil due to large number of cases being reported every day. Many sectors have resumed their operations where as many are still suspended.

The report provides detailed segmentation of the Brazil aluminum market based on processing method and end-user industry.

On the basis of end use, the foil & packaging segment accounted for the largest market share in 2019, contributing to nearly two-fifths of the total market share, and is projected to continue its leadership status during the forecast period. However, the transportation segment is estimated to maintain the largest CAGR of 5.3% from 2020 to 2027.

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On the basis of processing method, the extrusions segment contributed to the largest share in 2019, accounting for nearly one-third of the Brazil aluminum market, and is estimated to maintain its lead position during the forecast period. On the other hand, the pigments and power segment is expected to witness the highest CAGR of 5.4% during the forecast period.

Leading players of the Brazil aluminum market analyzed in the research include Servi├žo E Comercio Ltd., Hydro Extrusion Brasil SA, Alcan Alumina Ltd., Alcoa Aluminio SA, CBA-Companhia Brasileira De Aluminio, Elfer Industria, and Norsk Hydro Do Brasil Ltd.

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Thursday, 22 July 2021

India Nano Silver Market Growth Analysis, Trends Innovation, Key Drivers, Covid-19 Impact, Size, Report Demand and Region-Forecasts over 2020-2027

India nano silver market was estimated at $61.6 million in 2019 and is expected to hit $208.2 million by 2027, registering a CAGR of 21.3% from 2020 to 2027, According to the report published by Allied Market Research.

Increase in demand for nano silver from various antimicrobial applications in end use industries and rapid growth of the electronics and pharmaceutical sectors in the province drive the growth of the India nano silver market. By end-user, the electrical and electronics segment dominated the market in 2019, and is expected to maintain its dominance throughout the forecast period. 

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By end-user, the electrical and electronics segment held the major share in 2019, accounting for more than one-fourth of the market. The segment is expected to lead the trail throughout the forecast period. However, the pharmaceuticals segment would also cite the fastest CAGR of 22.3% by the end of 2027.

The key market players analyzed in the India nano silver market report include Merck KGaA, Mincometsal, Nanochemazone, Inc., Nanocomposix, Nano Labs, Nanoshel LLC, Reinste Nanoventures Pvt. Ltd, The key players operating in the India nano silver market are American Elements, Filo Lifesciences Pvt. Ltd, and Sisco Research Laboratories Pvt. Ltd.

COVID-19 scenario-

  • The outbreak of the pandemic led to declined demand for nano silver in India, owing to suspended manufacturing units, industrial activities, and disrupted supply chain management.
  • The suspended operations in the end using sectors including equipment, electronics equipment and others affected the market sales to certain extent.
  • India has been one among the most hit nations by the second wave of covid-19. This has further created several challenges for the market. However, as the nation has started recovering and the regulations are getting eased off, the industry is expected to recoup soon.

The India nano silver market is analyzed across method of synthesis and end user. Based on method of synthesis, the chemical reduction segment accounted for more than half of the total market share in 2019, and is expected to rule the roost by 2027. The biological segment, on the other hand, would cite the fastest CAGR 22.7% during the forecast period.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Wednesday, 21 July 2021

Asia-Pacific Cold Insulation Mark to grow significantly oil & gas industry

The oil & gas application segment dominated the market, with two-sevenths share of the Asia-Pacific Cold Insulation Market in 2016. In the oil & gas industry, cold insulation is used to address relative designs, materials, procedures, and standard installation necessities for oil & gas infrastructure such as pipelines, vessels, and tanks.

Over the forecast period, polyurethane foam is anticipated to hold a dominant position in the market, as polyurethane exhibits unique properties such as lightweight, low thermal conductivity, low water absorption, enhanced strength, and high chemical resistance. It is suitable for handling low thermal conductivity and substances stored at below freezing temperature.

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Asia-Pacific Cold insulation market is estimated to reach $3,251,903 thousand by 2023 and growing at a CAGR of 7.7% from 2017 to 2023. Cold insulation is a low-temperature application insulation used to improve energy efficiency.

It is used in numerous applications operating at temperatures below the ambient range and requiring protection against heat. A cold insulation material acts as a barrier to heat flow and closed structure is used to avoid wicking in a system where it is installed.

These materials are adopted in various applications to maintain low temperature for process control, avoid surface condensation, and conserve refrigeration. The types of materials used for cold insulation are fiber glass, polyurethane foam, polystyrene foam, phenolic foam, and others.

These are used in oil & gas industries, cold stores & marine applications, building & construction, and others.

The key companies profiled in the report include Kingspan Groups PLC., BASF SE, Huntsman Corporation, ITW Insulation Systems, Rockwool International A/S, Covestro Ag, DowDuPont Inc., Dongsung FineTec Co., Ltd., Armacell International Holdings Inc., and Nichias Corporation. Increase in its demand in various applications such as refrigeration, HVAC, oil & gas, chemicals, and others drives the Asia-Pacific cold insulation market.

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Key Findings of the Asia-pacific Cold Insulation Market:

1. In 2016, China dominated the Asia-Pacific cold insulation market, with around one-third of the market share, in terms of revenue.
2. The polystyrene foam segment is estimated to witness the highest growth rate, in terms of revenue, registering a CAGR of 8.1% from 2017 to 2023.
3. Refrigeration segment is projected to grow at the highest CAGR of 8.2%, in terms of revenue.
4. In 2016, oil & gas dominated the Asia-Pacific cold insulation market, accounting for around two-sevenths share, in terms of both revenue and volume.
5. India is projected to grow at the highest CAGR of 8.3%, in terms of revenue.In 2016, China dominated the Asia-Pacific market in terms of both revenue and volume, owing to increase in disposable income, growth in building & construction, and high demand for air conditioning devices due to the warm climate in this region. Furthermore, Singapore is projected to witness the highest CAGR of 8.5%, followed by Philippines with 8.4% from 2017 to 2023.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Monday, 19 July 2021

Egypt Paints & Coatings Market by Resin Type, Technology, Product Type, Opportunity Analysis and Industry Forecast, 2020–2027

Egypt Paints & Coatings Market is divided on the basis of resin type, technology, and product type. Based on resin type, the market is further segmented into acrylic resin, alkyd resin, polyurethane resin, epoxy resin, polyester resin, and others.

The acrylic resin segment dominated the market with nearly one-third of the total market share in 2019, and would lead the trial throughout the forecast period. In addition, the segment is expected to manifest the highest CAGR of 8.3% during the forecast period.

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Based on product type, the Egypt paints & coatings market is classified into decorative paints & coatings and industrial paints & coatings. The decorative paints & coatings segment held the largest share in 2019, accounting for more than three-fourths of the market. However, the industrial paints & coatings segment is projected to portray the highest CAGR of 8.1% during the forecast period.

As per the report published by Allied Market Research, the Egypt paints & coatings market to grow at 7.9% CAGR from 2020 to 2027. Increase in building and construction activities in the region and growth in demand for heat & UV resistant paints & coatings products drive the growth of the Egypt paints & coatings market.

However, rise in prices of raw materials hinders the Egypt paints & coatings market growth. On the contrary, surge in demand for eco-friendly paints & coatings products is expected to usher an array of opportunities for the market players in the future.

The Egypt paints & coatings market report includes an in-depth analysis of the key market players such as BASF SE, Akzo Nobel N.V., KAPCI Coatings, PPG Industries, Inc., PACHIN, GLC Paints, Jotun A/S, Orient Paints, MIDO Coatings, and SIPES Egypt.

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Based on technology, the Egypt paints & coatings market is divided into water-based, solvent-based, powder-based, and others. The solvent-based segment held the largest share in 2019, with more than half of the total revenue. However, the water-based segment is estimated to register the highest CAGR of 8.0% during the forecast period.

About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Friday, 16 July 2021

At 5.2% CAGR | Global Acrylic Resins Market to cross USD 28.3 billion by 2028

As per the report, the global Acrylic Resins Market was pegged at $18.7 billion in 2020, and is expected to reach $28.3 billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028.
 

Surge in building and construction projects and increase in demand from the automotive industry drive the growth of the global acrylic resins market. However, adverse effects of volatile content and government regulation hinder the market growth. On the contrary, rise in demand from the emerging economies is expected to open lucrative opportunities for the market players in the future.

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By region, the market across Asia-Pacific, followed by North America, is estimated to portray the highest CAGR of 6.0% during the forecast period, owing to improved outlook for residential building activity in high-income countries and rise in urbanization. However, the global acrylic resins market across Europe held the largest share in 2020, accounting for more than two-fifths of the market, due to increased demand for protective paints and coatings in automotive industries in the region.


Major market players

  • Basf Se
  • The Dow Chemical Company
  • Arkema
  • Sumitomo Chemical
  • Mitsubishi Chemical Holdings
  • Dsm
  • Dic Corporation
By application, the paints and coating segment held the lion's share in 2020, accounting for more than one-third of the global acrylic resins market. Moreover, the segment is expected to register the highest CAGR of 6.0% during the forecast period, due to surge in demand for paints and coatings in construction and building projects. The report includes an analysis of segments such as adhesive and sealants and others. 

By end user, the packaging segment is projected to register the highest CAGR of 6.3% during the forecast period, due to rise in demand for packaging materials from various end-use industries such as food manufacturers and retail stores. However, the building and construction segment held the largest share in 2020, contributing to nearly two-fifths of the global acrylic resins market, owing to rise in emphasis of construction projects in residential and commercial sectors. 

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Thursday, 15 July 2021

Cerium Oxide Nanoparticles Market Size, Share, Overview, Regional Analysis, Key Players, Regional Analysis and Forecasts Report

Cerium Oxide Nanoparticles Market is expected to hit $734 million by 2022 and registering a CAGR of 21.7% from 2016 to 2022. It is anticipated that biomedical segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period.

In the year 2015, polishing was the largest end-user industry, with about one-third value share of cerium oxide nanoparticles market, followed by catalyst, biomedical, energy storage and personal care & cosmetic products segment. The extraordinary physio-chemical properties of cerium oxide nanoparticles, such as catalytic, neuroprotective, high ionic conductivity and anti-inflammatory properties have increased its penetration in a wide array of application, as it results in improved performance of the end product.

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Key findings of the study:

1. Biomedical segment is expected to witness highest CAGR of 22.3% during the forecast period.
2. Polishing and catalyst segment together accounted for more than half of the market share in 2015.
3. Asia-Pacific is anticipated to lead the market throughout 2022, growing at a CAGR of 22.2%, in value terms.
4. In 2015, China and U.S. led the emergent demand in the world cerium oxide nanoparticles market.

The industry players made significant investments on new commercial avenues for their product segments via strategic partnerships & collaborations. Governmental funding towards extensive research and development activities coupled with an increasing support for application of cerium oxide nanoparticles. There is a rise in demand for cerium oxide nanoparticles from various end-user industries and an increase in application scope owing to its superior properties.

Also, the decrease in prices of cerium oxide nanoparticles owing to the improving manufacturing technologies is expected to drive the demand for cerium oxide nanoparticles over the forecast period. However, growing concerns over environmental impact & toxicity of cerium oxide nanoparticles, high processing costs, and stringent environmental regulations could hamper the market growth during the forecast period.

The report provides comprehensive analysis of the key players that operate in the world cerium oxide nanoparticles market such as Strem Chemicals, Inc., PlasmaChem GmbH, Advanced Nano Products Co. Ltd., Meliorum Technologies, Inc., NYACOL Nano Technologies, Inc., Skyspring Nanomaterials, Inc., Nanophase Technologies Corporation, American Elements, Nanostructured & Amorphous Materials, Inc. and Inframat Advanced Materials. These players occupy a major share in the world cerium oxide nanoparticles market followed by other tier 2 and tier 3 players worldwide.

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About Us:

Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Wednesday, 14 July 2021

Global Flock Adhesives Market to Generate $2.9 Billion by 2027, States the Report by Allied Market Research

Allied Market Research published a research report on the flock adhesives market. The findings of the report states that the global market for Flock Adhesives generated $1.9 billion in 2019, and is expected to reach $2.9 billion by 2027, manifesting a CAGR of 5.7% from 2020 to 2027. The report provides valuable data on changing market dynamics, key segments, top investment pockets, and competitive scenario for market players, new entrants, investors, and shareholders.

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 The global flock adhesives market is expected to possess high growth potential in the coming years, owing to rise in use of flock adhesives in main stream applications in industries such as automotive, textile, paper, and construction. In addition, apart from these, there are several other sectors that use flock adhesives such as packaging, cosmetics, industrial technology, home & household, and furniture, which propels growth of the market. However, COVID-19 outbreak is predicted to positively impact on the growth of the global flock adhesives market.” Stated Eswara Prasad Manager, Chemical and Material at Allied Market Research.

The report provides detailed information based on the key determinants of the market to help market players in devising growth strategies and capitalizing on opportunities. Rise in use of flock adhesives in main stream applications and increase in utilization of flock adhesives in sectors such as packaging, cosmetics, and furniture fuel the growth of the global flock adhesives market. However, health hazards related to inhalation of flock adhesives restrain the growth to some extent. Moreover, mounting demand for flock adhesives in the packaging sector is projected to usher a plethora of opportunities in the industry.

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The report provides a detailed scenario of impact of the Covid-19 pandemic on the flock adhesives market globally. Rise in use of flock adhesives for manufacturing covid-19 testing kits impacted the global flock adhesives market positively. Swab collection kits that are flocked with adhesives provide superior specimen collection rate and declines the risk of false negative diagnosis result. This factor has augmented the market growth.

The report offers detailed segmentation of the global flock adhesives market on the basis of resin type, application, and region. These insights are helpful for the new entrants as well as current market players to invest on the fastest growing and highest revenue generating segment to accomplish growth in the coming years. 

Based on resin type, the market is segmented on the basis of acrylic, polyurethane, epoxy resin, and others. The acrylic segment dominated the market with more than one-third of the global flock adhesives market share in 2019, and is projected to lead the trail by the end of 2027. On the other hand, the polyurethane segment is expected to manifest the fastest CAGR of 6.40% throughout the forecast period.

Based on application, the market is segregated on the basis of automotive, textiles, paper & packaging, and others. The textile segment accounted for more than two-fifths of the global flock adhesives market revenue in 2019, and is expected to maintain its dominance by 2027. On the other hand, the automotive segment is anticipated to cite the fastest CAGR of 6.80% from 2020 to 2027.

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Based on geography, the market is studied across regions including Asia-Pacific, Europe, LAMEA, and North America. The Asia-Pacific region held the highest share in 2019, holding more than two-fifths of the global flock adhesives market. In addition, the same region would also manifest the fastest CAGR of 6.40% during the forecast period.

Leading market players of the global flock adhesives market analyzed in the report include Dow Chemical, CHT Germany GmbH, Kissel + Wolf, Lord Corporation, Sika Automotive, Swiss Flock, Stahl, Avient, Nyatex, and H.B. Fuller Company. These players have adopted various strategies such as product launch, acquisition, and expansion to expand their foothold in the Flock Adhesives industry.

Tuesday, 13 July 2021

Armor Materials Market Size by Type, Application- Global Opportunity Analysis and Industry Forecast up to 2027

Allied Market Research published a new rep-ort, titled, “Armor Materials Market by Type, Application- Global Opportunity Analysis and Industry Forecast, 2020 – 2027.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.


The research offers a detailed segmentation of the global armor materials market. Key segments analyzed in the research include type, process, shell material, application, end user and geography. Extensive analysis of sales, revenue, growth rate, and market share of each type, process, shell material, application and end user for the historic period and the forecast period is offered with the help of tables.

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Key Benefits:

  • The report provides a qualitative and quantitative analysis of the current Armor Materials market trends, forecasts, and market size from 2021 to 2022 to determine new opportunities.
  • Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
  • Top impacting factors & major investment pockets are highlighted in the research.
  • The major countries in each region are analyzed and their revenue contribution is mentioned.
  • The market player positioning segment provides an understanding of the current position of the market players active in the Armor Materials market.

The report offers key drivers that propel the growth in the global Armor Materials market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

The armor materials market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

The research offers an extensive analysis of key players active in the global Armor Materials market include DuPont, DSM, Honeywell International Inc, Saint-Gobain, 3M, KONINKLIJKE TEN CATE BV., SAAB AB, and ATI.

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Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Celanese Corporation. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the armor materials market.

About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises. 



Monday, 12 July 2021

Offshore Oil & Gas Paints and Coatings Market Study: Analysis Of Industry Strengths and challenges during the COVID-19

Global offshore oil & gas paints and coatings market is witnessing numerous opportunities, owing to rapid increase in the development of offshore oil & gas industry in Asia-Pacific and LAMEA. Organic zinc paints are heavily applied under a specific range of environmental conditions as they are less costly than zinc silicates coatings. 

Moreover, epoxy intermediate coats possess a number of environmental benefits, such as lowering of volatile organic compounds (VOC), propelling the market growth. In addition, epoxy coats achieve the required thickness and retain film build around sharp edges, which boosts the market growth. Furthermore, deployment of polysiloxane coatings on vessel surface makes the surface durable and resistant to abrasion, wear, and weathering, leading to market growth.

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The epoxy resin segment accounted for two-fifths of the total share, in terms of volume, in 2016. Moreover, in accordance with rules framed by International Maritime Organization (IMO), epoxy resin-based coatings are used for vessel flooring applications, which improves the adhesion properties of marine paints, increasing the market demand. However, rise in prices of raw material is expected to hamper the market growth.

A new report published by Allied Market Research, titled, Offshore Oil & Gas Paint and Coatings Market by Resin and Installation- Global Opportunity Analysis and Industry Forecast, 2017-2023, stats that the offshore oil & gas paints and coatings market was valued at $378 million in 2016, and is projected to reach $620 million by 2023, growing at a CAGR of 7.3% from 2017 to 2023. The epoxy resin segment accounted for nearly two-fifths of the total market share in 2016.

Offshore oil & gas installations require coatings to withstand extreme weather conditions, saltwater abrasion, dissolved oxygen, ultraviolet exposure, mechanical impact from debris, and damage by marine life. Therefore, offshore paints and coatings possess characteristics to withstand the rigors of underwater cleaning. Moreover, stationary vessels accumulate heavy fouling very quickly; therefore, thicker systems consisting of 12-20 mils of coal tar epoxy coatings are employed to protect the vessels. Moreover, organic, zinc-rich primers, higher build epoxies, coatings are applied on a base composed of either vinyl ester or polyester.

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Key Findings of the Offshore Oil & Gas Paints And Coatings Market:

  • In terms of value, the epoxy resin is anticipated to show the highest growth rate of 6.6% during the analysis period.
  • LAMEA is anticipated to maintain its lead throughout 2023, and is projected to grow at a CAGR of 6.3%, in terms of value.
  • The jackups installation segment occupied nearly half of the total market in 2016.
  • Asia-Pacific occupied nearly one-third of the total offshore oil & gas paints and coatings market in 2016.
  • In terms of value, polyurethane resin segment is expected to grow at a CAGR of 8.2% from 2017 to 2023.

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In 2016, LAMEA accounted for nearly two-fifths of the total offshore oil & gas paints and coatings market, and is expected to continue this trend due to availability of vast offshore petroleum resources, specifically in Brazil. However, increased dependence of this region on imports for many raw materials needed during paint production, e.g., resins and pigments, is expected to limit the market growth to some extent.

The major companies profiled in the report include 3M Co., AkzoNobel N.V., BASF SE, Hempel A/S, Kansai Paints Co., Ltd, Nippon Paints Co. Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Dow Chemical Company, and Wacker Chemie AG.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.