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  • Specialty Chemicals Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028
    According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021.

    However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them.

    Solvay Launches New Line of High-Performance PPA Compounds

    Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry.

    Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment

    On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield.

    The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector.

    Acquisition Activities to be the Predominant Expansion Strategies for Key Players
    The widening applicability of specialty chemicals is encouraging companies to rapidly expand their market presence. In pursuit of this goal, key players are making strategic acquisitions of other competitors, smaller entities, and financially weaker organizations. Such acquisitions are empowering players to gain an immovable and enviable position in the market, whilst diversifying their portfolios and strengthening their operations in emerging economies.



    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517

    Specialty Chemicals Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028 According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021. However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them. Solvay Launches New Line of High-Performance PPA Compounds Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry. Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield. The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector. Acquisition Activities to be the Predominant Expansion Strategies for Key Players The widening applicability of specialty chemicals is encouraging companies to rapidly expand their market presence. In pursuit of this goal, key players are making strategic acquisitions of other competitors, smaller entities, and financially weaker organizations. Such acquisitions are empowering players to gain an immovable and enviable position in the market, whilst diversifying their portfolios and strengthening their operations in emerging economies. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517
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    Specialty Chemicals Market Size, Share, Trends | Report, 2028
    The global specialty chemicals market is projected to grow from $641.2 billion in 2021 to $882.6 billion in 2028 at a CAGR of 4.7% during forecast period
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  • Hot Melt Adhesives Market Scope and overview, Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2027
    The global hot melt adhesives market size is expected to reach USD 9,702.2 million by 2027, exhibiting a CAGR of 5.3% during the forecast period. The growing need for advanced products coupled with favorable government policies are factors expected to aid expansion of the global market, states Fortune Business Insights, in a report, titled “Hot Melt Adhesives Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyolefin, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester, and Others), By Application (Packaging, Assembly, Woodworking, Transportation, Building & Construction, Footwear & Leather, Nonwovens, Bookbinding, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 6,745.2 million in 2019.

    Market Driver:

    Increasing Application of Hot Melt Adhesives to Enable Speedy Expansion

    The increasing application of HMAs owing to its advantages such as high productivity induced by process automation, a wide variety of applicability, eco-friendliness, and re-adhesion possibility will have a tremendous impact on this market. The shift from solvent-based adhesive or water-based adhesive to hot-melt adhesive owing to its high-speed adhesion will spur demand in the forthcoming years. For instance, during solidification, HMAs do not lose thickness, whereas solvent-based hot melt adhesives can lose up to 50-70% of layer thickness during the drying process. Moreover, its high efficacy reduces the amount of material used, thereby resulting in low labor costs. The hot-melt adhesive exhibits significant advantages compared to conventional solvent-based adhesives that typically require evaporation and removal of solvents or polymerization to bind substrates together. Hence, the growing utilization of HMA in end-use industries will positively foster the market's healthy growth.


    Shortage of Workers to Retard Business Development amid Coronavirus

    A temporary halt on operations has negatively impacted the global market. The automotive industry experienced a massive hit due to the disruption caused by the coronavirus. For instance, PSA, Renault, and Fiat Chrysler closed their production at their manufacturing plants.

    Booming Construction Industry to Consolidate Market in Asia Pacific

    The market size in Asia Pacific stood at USD 3,138.3 million in 2019. Asia Pacific is expected to dominate the global hot melt adhesives market share during the forecast period. The increasing use of hot melt adhesives in emerging economies such as India, Japan, and China will favor the market in the region. The furniture and building industries are expected to contribute significantly to the growth of the market. The heavy investment in infrastructure is likely to create lucrative opportunities for the market in Asia Pacific. The rapidly expanding packaging industry will spur demand for HMA, thus aiding the market growth in Asia Pacific.

    Browse In-depth Summary of This Research Insight@

    https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724
    Hot Melt Adhesives Market Scope and overview, Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2027 The global hot melt adhesives market size is expected to reach USD 9,702.2 million by 2027, exhibiting a CAGR of 5.3% during the forecast period. The growing need for advanced products coupled with favorable government policies are factors expected to aid expansion of the global market, states Fortune Business Insights, in a report, titled “Hot Melt Adhesives Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyolefin, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester, and Others), By Application (Packaging, Assembly, Woodworking, Transportation, Building & Construction, Footwear & Leather, Nonwovens, Bookbinding, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 6,745.2 million in 2019. Market Driver: Increasing Application of Hot Melt Adhesives to Enable Speedy Expansion The increasing application of HMAs owing to its advantages such as high productivity induced by process automation, a wide variety of applicability, eco-friendliness, and re-adhesion possibility will have a tremendous impact on this market. The shift from solvent-based adhesive or water-based adhesive to hot-melt adhesive owing to its high-speed adhesion will spur demand in the forthcoming years. For instance, during solidification, HMAs do not lose thickness, whereas solvent-based hot melt adhesives can lose up to 50-70% of layer thickness during the drying process. Moreover, its high efficacy reduces the amount of material used, thereby resulting in low labor costs. The hot-melt adhesive exhibits significant advantages compared to conventional solvent-based adhesives that typically require evaporation and removal of solvents or polymerization to bind substrates together. Hence, the growing utilization of HMA in end-use industries will positively foster the market's healthy growth. Shortage of Workers to Retard Business Development amid Coronavirus A temporary halt on operations has negatively impacted the global market. The automotive industry experienced a massive hit due to the disruption caused by the coronavirus. For instance, PSA, Renault, and Fiat Chrysler closed their production at their manufacturing plants. Booming Construction Industry to Consolidate Market in Asia Pacific The market size in Asia Pacific stood at USD 3,138.3 million in 2019. Asia Pacific is expected to dominate the global hot melt adhesives market share during the forecast period. The increasing use of hot melt adhesives in emerging economies such as India, Japan, and China will favor the market in the region. The furniture and building industries are expected to contribute significantly to the growth of the market. The heavy investment in infrastructure is likely to create lucrative opportunities for the market in Asia Pacific. The rapidly expanding packaging industry will spur demand for HMA, thus aiding the market growth in Asia Pacific. Browse In-depth Summary of This Research Insight@ https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Hot Melt Adhesives Market Size, Share, Growth & Trends [2029]
    The global hot melt adhesives market is projected to grow from $7.10 billion in 2022 to $10.10 billion by 2029, at a CAGR of 5.2% in forecast period, 2022-2029
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  • The global yeast extract market size was USD 1.75 billion in 2021. The market is projected to grow from USD 1.89 billion in 2022 to USD 3.39 billion by 2029, exhibiting a CAGR of 8.7% during the forecast period (2022-2029)

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/yeast-extract-market-106656
    The global yeast extract market size was USD 1.75 billion in 2021. The market is projected to grow from USD 1.89 billion in 2022 to USD 3.39 billion by 2029, exhibiting a CAGR of 8.7% during the forecast period (2022-2029) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/yeast-extract-market-106656
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    Yeast Extract Market Size, Share | Growth Analysis [2022-2029]
    The global yeast extract market is projected to grow from $1.89 billion in 2022 to $3.39 billion by 2029, at a CAGR of 8.7% in forecast period, 2022-2029
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  • The global bubble tea market size was USD 2.02 billion in 2019 and is projected to reach USD 3.39 billion by the end of 2027, exhibiting a CAGR of 7.2% during the forecast period.

    Browse a Detailed Summary Of Pages Research Report With TOC:

    https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564
    The global bubble tea market size was USD 2.02 billion in 2019 and is projected to reach USD 3.39 billion by the end of 2027, exhibiting a CAGR of 7.2% during the forecast period. Browse a Detailed Summary Of Pages Research Report With TOC: https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564
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    Bubble Tea Market Size, Industry Trends | Analysis Report, 2027
    The global bubble tea market size was USD 2.02 billion in 2019 and is projected to reach USD 3.39 billion by the end of 2027, exhibiting a CAGR of 7.2% during the forecast period.
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  • Aerospace Composites Industry Analysis, Growth, Opportunities and Forecast 2026

    The global aerospace composites industry is expected to reach USD 29.69 billion by 2026 exhibiting a CAGR of 9.27% between 2019 and 2026. This is owing to the rapid development

    Information Source:

    https://www.fortunebusinessinsights.com/aerospace-composites-market-102680

    https://www.globenewswire.com/news-release/2022/08/30/2506515/0/en/Aerospace-Composites-Market-Size-to-Worth-USD-29-69-Billion-by-2026-Aerospace-Composites-Industry-Expected-to-Grow-at-CAGR-of-9-27.html
    Aerospace Composites Industry Analysis, Growth, Opportunities and Forecast 2026 The global aerospace composites industry is expected to reach USD 29.69 billion by 2026 exhibiting a CAGR of 9.27% between 2019 and 2026. This is owing to the rapid development Information Source: https://www.fortunebusinessinsights.com/aerospace-composites-market-102680 https://www.globenewswire.com/news-release/2022/08/30/2506515/0/en/Aerospace-Composites-Market-Size-to-Worth-USD-29-69-Billion-by-2026-Aerospace-Composites-Industry-Expected-to-Grow-at-CAGR-of-9-27.html
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  • The global smart glass market size was valued at USD 4,651.3 million in 2019 and is projected to reach USD 15,788.0 million by 2027, exhibiting a CAGR of 17.2% during the forecast period.

    Report Coverage:

    The report presents a systematic study of the smart glass market segments and thorough analysis of the market overview. A thoughtful evaluation of the current market trends as well as the future opportunities is offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the smart glass market growth. The COVID-19 impacts have been discussed in the report to assist investors and business owners with a better understanding of the possible threats present in the market. The report further discusses the key players and their prominent strategies to stay in the dominating position.

    Information Source - https://www.fortunebusinessinsights.com/smart-glass-market-102569
    The global smart glass market size was valued at USD 4,651.3 million in 2019 and is projected to reach USD 15,788.0 million by 2027, exhibiting a CAGR of 17.2% during the forecast period. Report Coverage: The report presents a systematic study of the smart glass market segments and thorough analysis of the market overview. A thoughtful evaluation of the current market trends as well as the future opportunities is offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the smart glass market growth. The COVID-19 impacts have been discussed in the report to assist investors and business owners with a better understanding of the possible threats present in the market. The report further discusses the key players and their prominent strategies to stay in the dominating position. Information Source - https://www.fortunebusinessinsights.com/smart-glass-market-102569
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Smart Glass Market Size, Forecast | Global Industry Report [2027]
    The global smart glass market size was valued at $4,651.3 million in 2019 & is projected to reach USD 15,788.0 million by 2027, at a CAGR of 17.2% in the forecast period
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  • The global phosphatic fertilizers market size was USD 62.24 billion in 2018 and is projected to reach USD 83.28 billion by 2026, exhibiting a CAGR of 3.80% during the forecast period.

    Browse Summary

    https://www.fortunebusinessinsights.com/phosphatic-fertilizers-market-102583
    The global phosphatic fertilizers market size was USD 62.24 billion in 2018 and is projected to reach USD 83.28 billion by 2026, exhibiting a CAGR of 3.80% during the forecast period. Browse Summary https://www.fortunebusinessinsights.com/phosphatic-fertilizers-market-102583
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    Phosphatic Fertilizers Market Size, Growth | Industry Report, 2026
    The global phosphatic fertilizers market size was USD 62.24 billion in 2018 and is projected to reach USD 83.28 billion by 2026, exhibiting a CAGR of 3.80% during the forecast period.
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  • The global beer market size was USD 743.84 billion in 2020. The market is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the 2021-2028 period.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/beer-market-102489
    The global beer market size was USD 743.84 billion in 2020. The market is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the 2021-2028 period. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/beer-market-102489
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    Beer Market Size, Share, Growth | Global Industry Trends [2028]
    The global beer market is projected to grow from $768.17 billion in 2021 to $989.48 billion in 2028 at a CAGR of 3.68% in forecast period, 2021-2028
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