Long Fiber Thermoplastics Market Outlook To 2025: Emerging Trends, New Growth Opportunities, Regional Analysis

Long Fiber Thermoplastics Market

Global long fiber thermoplastics market from sports & leisure application is estimated to exceed 30 kilo tons in the estimated timeline. Increasing long fiber thermoplastics demand because of its applications in creation of sports components including bicycles, manual scooters, snowboard and surfing boards as it upholds featherlight and sturdy properties which will nurture LFT demand.

Long Fiber Thermoplastics Market size is set to surpass USD 3 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing consumer preferences towards featherweight products may significantly surge long fiber thermoplastics (LFT) market size as it boasts high strength to weight ratio. Properties including, recyclability and bio-degradability makes it appropriate for usage in automotive, aerospace, sports and furniture applications thereby driving product demand.

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Pre-fabricated movable properties are rising with expanding urbanization accomplishments which has increased demand for lightweight furniture’s. Long fiber thermoplastics market demand may witness growth due to its extensive usage in furniture industry as it boasts UV and chemical resistance which safeguards furniture material from harsh conditions. LFT upholds good mechanical stability affirms its viability in this industry.

Sluggish living standards has increased obesity disorders has shifted consumer towards sports activities like cycling which in turn may increase long fiber thermoplastics market demand. LFT has application in manufacturing bicycles as it indorses frothy properties which ensures better-quality of handling and rideability of bicycles which may amplify market growth.

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LFT manufactured using polyurethane for manufacturing of cars, trucks and tractors. These thermoplastics boasts lightweight, impact & scratch resistive nature ensures reduction of kerb weight & long-lasting durability of automobiles. These factors will increase fuel efficiency of vehicles and will offer better stability and handling on roads which may stimulate long fiber thermoplastics market demand.

These products are intermingled with polycarbonate for utilization in construction market as it sustains excellent UV filtration, impact, glare and scratch resistant finishing which ensures low maintenance of buildings & houses and protect them from harsh environmental conditions which may boost market size.

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Global long fiber thermoplastics market share is slightly fragmented with key industry players includes Celanese Corporation, Asahi Kasei, SABIC, Solvay group, Plasticomp, RTP Company and Quadrant Group. Manufacturing companies are contributing more funds towards research & development activities to develop innovative products from long fiber thermoplastics.

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Polycarbonate Composites Market – Industry Analysis, Competitive Strategy during 2019-2025

Polycarbonate Composites Market

Automotive industry will emerge as an important end-user segment of global polycarbonate composites market over the forecast period. Though the market share by volume, held by automotive plastics in PC composites market is moderate, it is likely to witness CAGR close to 6% in the coming years.

Companies such as SABIC, Exatec and RTP Company are developing polycarbonate composites for new applications which will be used to manufacture different parts of automobile such as sunroofs, door panels, etc. Additionally, rising per capita income in Asian and Latin American countries will be driving the middle-class spending power for buying passenger cars, which will subsequently benefit to fmarket over the forecast timeframe.

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The polycarbonate composites market is likely to face challenges from regulating authorities which emphasize reduction in plastic usage in majority of applications. PC composites biodegradability is still a concern and manufacturers have to abide by rules set by authorities to maintain the biodegradability, at least in case of medical applications. The regulations are stringent in medical instruments and devices applications. The use of polycarbonate in consumer electronics is also highly regulated which may pose growth challenge to the market during the forecast period.

Polycarbonate Composites Market size will exceed USD 3.2 billion by 2025; according to a new research report by Global Market Insights, Inc. Carbon fiber filled polycarbonate composites market will be growing at a significant CAGR during the forecast timeframe. Carbon fibers improve the flexural strength and strength to weight ratio of polycarbonate, which makes it suitable for use in automotive and electrical engineering applications. Carbon fibers reinforcement in polycarbonate resin enhances its flame retardance and thus it is widely used in making electrical fibers.

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Medical instruments will be growing with prominent CAGR in global market during the forecast timeframe. Glass fiber filled PC composites with varying reinforcement give flexural strength, dimensional stability and toughness which is utilized to make connectors such as check-valves, stop-cocks, y-injection sites, etc. in medical applications. Polycarbonate composites (with different percentage of reinforcement) are used in making devices that resist radiations, high temperatures and lipids.

Asia Pacific has witnessed exponential rise in industrialization in past few decades. It can be attributed to the cost competitive land and labor coupled with ample availability of water and other natural resources. Automobile industry in Asia Pacific is growing rapidly in global polycarbonate composites market in terms of sales. This growth in the automobile industry will propel product demand in the region over the forecast timespan. Additionally, medical instrument manufacturing in China, India and South Korea will be further augmenting PC composites market size over the next few years.

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The polycarbonate composites market is highly competitive with player such as Chi Mei Corporation, Mitsubishi Chemical Corporation, SABIC Innovative Plastics, LG Chem and Covestro operating in the business. Chinese manufacturers are expanding plant capacity for polycarbonate composites manufacturing to stay competitive in the global market. Raw material manufacturers are also forward integrating their business process, which will compete the major players in terms of product supply in the coming years. Covestro and The Bond Laminates GmbH (a subsidiary of Lanxess) offer wide variety of PC composites depending on the percentage of reinforcement of glass, carbon or other such materials.

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Global Electrical Steel Market Development and Forecast to 2025

According to a new research report by Global Market Insights, Inc. Electrical Steel Market size is set to surpass USD 22.5 billion by 2025.

Growing demand for hybrid vehicles, rapid industrialization and increasing building & construction sector should stimulate electrical steel market growth. These products offer effective magnetic properties which increase the fuel efficiency and electric machines performance. Rising demand for energy, exponential rise in power distribution network and increasing preference for high horsepower and speed to ensure efficient performance in racecars is further expected to boost electrical steel market demand.

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U.S. non-grain oriented electrical steel market demand should record gains of about 5.5% by 2025. It finds usage in electric hybrid vehicles for efficient magnetism and optimum electricity conversion. It imparts high efficiency, control harmful gases emission, thus hep in significant contribution to environment protection and are thereby used in industrial, aerospace and medical applications.

Grain-oriented electrical steel market demand from distribution transformers was valued at over USD 1.4 billion in 2019. These products offer reliability, durability and efficiency required in commercial and industrial applications. These transformers can be used indoor as well as outdoor owing to their portable size. Rising government regulations pertaining to emissions and investments by manufacturers in R&D activities is likely to boost market growth.

Grain-oriented electrical steel market size from small transformers may witness favorable growth during the forecast timeframe. These products convert energy into power voltages which is then utilized in various industries and power generation systems. Rising demand of electricity in rural and urban areas as they are economically feasible for various networks and are suitable for remote and rural areas, further accelerate industry demand.

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UK non-grain oriented electrical steel market size from automotive applications was valued at USD 45 million in 2019. High anti corrosion properties and stringent government regulations to reduce VOC emissions will enhance the existing automotive infrastructure which in turn will boost domestic steel market growth. Technological advancements, increasing demand for e-vehicles and government support are key factors that will optimize the overall industry growth.

China grain oriented electrical steel market demand from household appliances is estimated to account over USD 95 million by 2025 pertaining to the new innovations in the manufacturing of household appliances like refrigerator and washing machines. Rising standard of living and per capita income of consumers has resulted in increased power distribution network in the region. Increasing consumer electronics sales and rising demand in end-use industries should accelerate electrical steel market growth.

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Cogent Power Ltd, Aperam, Voestalpine, Tempel, Thyssenkrupp and KOBE are the key industrial participants catering to the industry. Manufacturers are engaged in strategic mergers & acquisitions to enhance their regional presence and improve product portfolio. Companies are expanding their collaboration network to develop innovative products which should accelerate the market growth.

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Drug Integrated Polymer Fibers Market by Products, Applications & Regional Growth by 2018-2025

Drug Integrated Polymer Fibers Market

Global Market Insights, Inc. has released a new research report on “Drug Integrated Polymer Fibers Market” to their offering. The report features in-depth analysis of the market with a focus on growth drivers and inhibitors, key market trends and issues, opportunities and challenges, current industry activities, product innovations, facts & estimates. It also gives the forecast for the predicted time frame, key participants, extensive product and geographic coverage.

Drug Integrated Polymer Fibers Market size will exceed USD 88.8 million by 2025; according to a new research report by Global Market Insights, Inc.  Rising population, improved healthcare facilities in developing economies, growing implantable medical surgeries, technological advancement in medical textile engineering along with rise in R&D activities to replace traditional materials with innovative biomaterials will primarily drive the drug integrated polymer fibers market till 2025.

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Drug integrated polymers fibers are generally made from biodegradable and biocompatible materials such as poly lactic acid and its derivatives such as PLLA, polydioxanone, polycaprolactone, polyglycolic acid, poly(lactic-co-glycolic acid) and other copolymers. These fibers also called as pharmaceutical fibers and can be loaded with variety of drugs. These fibers are generally available in woven, knitted or braided form for a medical textile device. These fibers find wide applications in orthopaedics, drug delivery, vascular grafts and stents along with dermal healing. Although the market for drug integrated polymer fibers is very small at the moment, it is expected to rise significantly during the forecast period because of rise in innovative materials globally for orthopaedics, rise in old age population especially in European & North American continent.

Drug integrated polymer fibers are used to create implantable textile devices using a combination of resorbable as well as non-resorbable polymers. These devices can be made from different materials and are available in custom sizes and shapes to meet specific biological requirements. With rise in complexity along with technological innovations, textile devices are being designed to meet a broader range of applications than earlier which will boost the demand of drug integrated polymer fibers. Textiles are being considered as logical choice for soft tissue repair including hernias, ligaments and tendons due to its fibrous nature of human body.

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Drug integrated polymer fibers have been typically manufactured through melt extrusion at high shear and high temperatures- conditions that have severe limitations on pharmaceuticals and biologics. To address these concerns, a wet extrusion method has been developed for manufacturing drug loaded fibers, which occurs at lower temperature and has low shear stress. In wet extrusion process, a solution of polymers is put to pressure and is injected in a coagulating bath comprised of solution that is miscible with solvent which dissolves the solvent.

Progress in topical fiber-based biologics and pharmaceuticals along with breakthrough in regenerative medicine and tissue engineering and is paving the next generation orthopedic medical products market. Controlled pharmaceutical delivery through biodegradable fibers has the potential to revolutionize many applications including orthopaedics.

Usage of traditional surgical methods in developing nations along with high cost of drug integrated polymer fibers are some of the factor that can restraint the market from its full growth.

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Drug integrated polymer fibers are being widely used in variety of biomedical applications as it exhibits both biocompatibility and biodegradability properties both highly important for medical textile applications. Biodegradable polymers such as PLA, PLLA, PGA, PCL involves cost effective production and can be up scaled easily with less complicated machinery. Also, the mechanical properties along with the degradation kinetics of these polymers can be tailored to match the requirements of intended applications by controlling curing temperature, curing time. Because of the flexible and fibrous nature of these polymers its medical textile applications have mainly targeted soft tissue replacement and the engineering of soft tissues, such as cardiac muscle, blood, nerve, cartilage and retina.

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Polyethylene Naphthalate (PEN) Market growth outlook with industry review and forecast 2018-2024

Polyethylene Naphthalate Market

U.S. polyethylene naphthalate market from packaging applications may exceed USD 130 million by the forecasted timeframe. Rising product demand from packaged food applications pertaining to high dimensional stability, high temperature stability, shrinkage resistance which may boost product demand. Increasing consumer demand for convenient food & beverages along with rising trend for on the go consumption may accelerate industry growth.

China polyethylene naphthalate market size may expect gains at over 8.5% by the end of 2024. Growing demand from automotive, electronics and packaging industries may propel regional market growth. Additionally, various manufacturers are shifting their production base from Europe and North America to China which may provide ample growth opportunities for market growth.

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Polyethylene Naphthalate (PEN) Market size is set to surpass USD 1.8 billion by 2024; according to a new research report by Global Market Insights, Inc.

Growing product demand for polyethylene naphthalate films in various industries such as automotive, electronics, food and beverage packaging, aerospace, imaging and photography applications may accelerate market growth. It is used in capacitors, providing self-healing properties, excellent shock resistance along with increasing overall reliability. The capacitors produced from these films provide low dielectric absorption, DC bias and enhances capacitance values similar to ceramic capacitors thereby stimulating polyethylene naphthalate market demand.

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Polyethylene naphthalate (PEN) market size from beverage bottling applications was valued at over USD 280 million in 2017. These are majorly incorporated in production of beer and juice bottles as the material provides high oxygen and moisture barriers of about 5 times more than PET and is considered most effective mono material. Also, these products provide durability when exposed to high temperatures. Increasing alcoholic beverages consumption owing to rapid urbanization, rising beer demand among youth population and affordability are the major factors contributing to polyethylene naphthalate market demand.

Polyethylene naphthalate market size from automotive tyres may witness significant gains at above 7.5% during the projected period. They are used in high-end and luxury cars providing smooth ride, rigidity and noise reduction making it an ideal material for producing lightweight tyres. Also, provides high dimensional stability when compared to plastics such as rayon and nylon. Increasing manufacturers inclination towards incorporation of PEN based products in cars along with its superior properties may promote market growth.

Germany polyethylene naphthalate market demand may witness gains of above 7.5% up to 2024. These products are used in producing high performance fibers as have better dimensional stability and high modules when compared to nylon fibers and PET.

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Teijin DuPont, Toray Industries, Durafiber Technologies, EPC Group, SKC, Polyonics and Kolon Plastics are the major manufacturers in the market. The raw material suppliers are forwardly integrated and supply these products to various end-use industries. The manufacturers are highly engaged on attracting new customers along with spending heavily on research activities to provide cost-effective products on a larger scale which may promote polyethylene naphthalate industry growth.

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Ferroalloys Market Outlook To 2025: Emerging Trends, New Growth Opportunities, Regional Analysis

On the basis of product, ferroalloys market is segmented into ferromanganese, ferrochrome, ferro silicon, ferro silicon manganese and others. The others segment includes noble alloys such as ferronickel, ferro titanium, etc. Among these ferro silicon segment will cross USD 10 billion, showing a moderate growth rate over the forecast timespan. This is due to its ability to prevent carbon loss during steel production. It is widely used as a deoxidizer as well. Ferrosilicon has end-use in various industries such as metallurgical, chemical, electrical and electronics.

Ferroalloys Market size will surpass USD 70 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing construction industry in emerging economies of Asia Pacific region is one of the prominent factors influencing the growth of ferroalloy market in a positive manner. Rising population levels along with growth in per capita income in the region due to legislative decisions taken by governments have propelled overall construction sector in recent years. Ease of doing business index of many countries has improved in the region and this will boost the morale of private sector companies to invest extensively in order to reap greater profits from this resourceful market.

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Construction industry accounts almost half of steel consumption and the presence of enormous raw material reserves in Asia Pacific will further augment the product demand in steel production. In India about USD 650 billion of investment is estimated in urban infrastructure for the next 20 years. With improving construction methods, use of various steel products is expected to increase in the developing countries. The above-mentioned trends are expected to continue and will catapult ferroalloys market demand over forecast time period.

High operational costs incurred in production, coupled with stringent industry standards and environmental regulations may hamper the product market growth in near future. Amount of energy consumed in manufacturing some alloys is high and volatility in fuel prices will fluctuate the production cost. This will have a negative effect on the market growth.

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Based on application, the market is categorized into alloy steel, stainless steel, carbon steel and others. Among these, carbon steel shows a decent growth rate and will likely generate about USD 25 billion for the ferroalloy market in 2025. Carbon steel is widely used for making structural components such as bolts and fasteners, and machinery parts such as body parts, crankshafts, sprocket assemblies, couplings, pins, rods, spindles, etc.

On the basis of region, Asia Pacific will witness the CAGR of around 5% from 2018 to 2025. Increasing construction activities coupled with rising manufacturing sector due to prevalence of large, medium and small-scale industries and enormous iron deposits in the region will make it a notable regional player in global ferroalloys market.

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The key players in the market are OM Holdings, SAIL, Gulf Ferroalloys Company, Pertama Ferroalloys Brahm Group, Arcelor Mittal, Tata Steel, China Minmetals Corporation, Jindal Group, Ferroalloy Corporation Limited, S.C. Feral, Shanghai Shenjia , Sakura Ferroalloys, Nikopol, and Eurasian Natural Resources Corporation.

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Nitrile Butadiene Rubber Latex Market By Application (Gloves [Medical, Industrial]) 2018-2025

NBR latex market is directed by environment protection associations to a considerable extent. The product is mostly made of petrochemical derivatives that causes pollution and are hazardous to environment. Moreover, product is mostly used by the medical industry due to which there are certain regulations are imposed by the healthcare industry.

Nitrile butadiene rubber latex market for healthcare & clean room industry has a high growth potential and this end-user segment is estimated to grow with substantial CAGR during the forecast timespan. The main factor driving this tremendous growth is the rising gloves consumption across medical and pharmaceutical sectors. Nitrile butadiene rubber latex is widely used for gloves production as it provides the desired strength and chemical resistance, which is required in healthcare industry.

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Nitrile Butadiene Rubber Latex Market size is forecast to exceed USD 2.4 billion by 2025; according to a new research report by Global Market Insights, Inc. With increase in capital expenditure by private companies and governments in healthcare infrastructure, it is likely to boost the technological innovations, low cost drug delivery systems and low-cost production of generic drugs. In addition, rise in per capita income of people in developing nations, has led to an increase in the individual healthcare spending in these countries. The gloves manufacturing has also received a high demand since the outbreak of major epidemics across the globe. The industry is likely to witness substantial growth over the forecast timeframe, subsequently driving nitrile butadiene rubber latex demand over the next few years.

High product cost and fluctuations in crude oil prices might hamper nitrile butadiene rubber latex market size growth over the forecast duration. Synthetic rubber is made from petrochemicals products which are derived from crude oil. Constant fluctuations in demand supply dynamics of crude oil market brings peak variations in prices and thus commodity market. This will obstruct NBR latex market growth in the coming years.

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Medical gloves held the largest share in gloves market in 2017. It includes surgical and examination gloves. Industrial gloves include gloves for materials and chemicals handling and protecting workforce from potential hazards through chemicals. Glove manufacturers in Asia Pacific export to countries including the U.S., Russia, Ukraine and other countries in Latin America and Europe. This will fuel nitrile butadiene rubber latex demand over the forecast duration across Asia Pacific.

Increasing industrial bases across developing countries will have positive influence on industrial gloves demand in the coming years, which will subsequently accelerate NBR latex market volume over the forecast timeframe. Industrial gloves are used across metalworking, automotive, steel, iron, mining, component manufacturing and chemical industries.

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Asia Pacific will be the fastest growing region in global NBR latex market over the forecast duration. The region has presence of many multi-national latex producers and glove manufacturers, which reduces the overall cost of glove manufacturing and hence wide reach to companies requiring gloves. Low-cost labor and raw materials are two prime factors which have led to low prices for nitrile butadiene rubber latex and eventually gloves in this region. Companies in Asia Pacific have adopted strategy of production capacity expansion to grad larger chunk of market share. Kumho and Synthomer are top two companies producing NBR latex in the region.

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Water Softener Market Update, Analysis, Forecast, 2018 – 2024

Intensifying demand for soft water owing to growing industrialization and urbanization may expand water softener market growth by 2024. Growing penetration of multinational brands along with its features including high effectiveness in decreasing formation of scale in boilers, pipes and tanks are likely to further propel product demand.

This equipment improves product lifespan of water using appliances by removing salts and minerals, which can damage product quality. Growing customer spending on water treatment equipment supported by increasing contamination issues will propel product demand.

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Water Softener Market size is set to surpass USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc. Supporting government regulation in Europe and Asia pacific reinforced by R&D activities on water softener manufacturing will promote product demand. Additionally, rising industrial sector and manufacturing industries may fuel water softener demand owing to application of soft water in steam generation, product manufacturing and cleaning.

Global salt free water softener market is anticipated to exceed USD 2 billion in projected timeline owing to its extensive consumption in the U.S. There is no electrical valve required in salt-free softener as system operates as a conditioner and do not captures anything, thus eliminating need to purge minerals. Soft water from this system results in less soap consumption and brighter laundry, which is anticipated to stimulate product demand.

New product innovation and rising demand for safe water in residential buildings is projected to drive regional market over forecast timeframe. Increasing monetary standards along with growing awareness about damaging properties of hard water are likely to boost the market growth.

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Global water softener market size of 120,000 grain from office building application is poised to observe gains of over by 4% 2024. Increase in consumer health consciousness has led to rise in demand for healthy and safe drinking water which is likely spur product demand.

Water softener in home decreases greenhouse gases, reduce chlorine content and removes odor with good efficiency is likely to augment product demand. Water appliances use less energy and last longer by using softener reduces carbon footprint and preserving resources for a longer span of time, thereby driving market size.

This equipment is partially banned in 34 states worldwide due its contamination in ground water, manufacturer needs to take legal help from national Water Quality Association to litigate against local laws, which is likely to hamper industry profitability and addon additional compliance cost, thereby affecting water softener market price trends.

UK salt-based water softener market size in 900,000 grain from hotel/restaurants is likely to surpass USD 3 million due to its usage in removing lime scale on toilets, tile and faucets. It eliminates scale causing minerals in water, subsequently resulting in cleaner fittings and tiles, which may propel product demand.

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China water softener demand in 1200,000 grain from laundries units is projected to witness gains of up to 7%. Fabric quality is adversely affected along with high amount of detergent is required when hard water is used thus, softener is needed for both cleaning and washing applications. Softening equipment is used in this industry to maintain quality, easy cleaning of fabrics and also reduces the amount of detergent required, which may boost market growth.

Global water softener market share is competitive and moderately consolidated with key industry precipitants includes, Culligan International Company, General Electric Company, Pentair, Whirlpool, Honeywell International and 3M. Increasing consumption of soft water has encouraged sellers to invest intensely in R&D for the product. Companies are spending more on product design, increasing efficiency and reducing environmental impacts.

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Hoist Sling Chains Assemblies Market trends research and projections for 2018- 2025

The regional hoist lifting chains assembly’s market will witness significant demand from the oil & gas sector. Many regional businesses have been moving from an ‘offshore’ model to a ‘nearshore or onshore’ model, where manufacturing services are closer to where market demand and innovation take place.

Some of the drivers behind the rise of reshoring and manufacturing regionalization include the increase in foreign wages in countries like China, rising transport costs and market volatility risks. These trends will have a positive influence on the regional hoist sling chains assemblies’ market by 2025.

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Hoist Sling Chains Assemblies Market Size will surpass USD 8.9 million by 2025. Hoist sling chains assemblies industry has been witnessing an escalating demand in the recent years. Demand for the lifting chains assemblies is likely to grow for new shipbuilding and repair and maintenance projects in countries such as Brazil, South Africa and Saudi Arabia. Middle East & African region in the future years.

South Africa region has been witnessing urbanization at a higher rate in the recent decade. According to a report by the United Nations, Department of Economic and Social Affairs, the number of cities with 500,000 inhabitants or more is expected to grow by 80% in Africa between 2016 to 2030.

Rising urbanization and the involved feeding necessities present substantial opportunity aspects for hoist sling chains assemblies market in South Africa building & construction industry by 2025.

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Hoist lifting chains assemblies of type V or grade 100 are expected to rise at a fast pace of CAGR 9.3% by 2025. Advancements in processing technology and metallurgy has resulted in the transition of the industry into making type V alloy chain – the manufacturers’ choice. Type V hoist sling chain has about 25% higher capacity rating in contrast to type T. This feature has extended a substantial ergonomic gain to the type T.

By using the master link, damage to the sling chain is avoided by providing a properly designed pulling point. Most common types of master links have been the single master links, quad master links and kuplinks.

Global hoist lifting chains assemblies market is expected to observe significant growth of master links, with a CAGR exceeding 9.0% by 2025. Typical hook designs for sling chains include: foundry hooks, grab hooks, sling hooks and self-locking hooks, with a clevis or eye profile. Hooks with a load bearing capacity of 10.1 – 20.0 tons contributed a significant market share exceeding 20% in 2017, and a similar trend is expected by 2025.

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General manufacturing segment is expected to observe the fastest growth of CAGR close to 10% in global hoist lifting chains assemblies market by 2025. Escalating growth aspects of industrialization in the emerging economies will propel the product demand in general manufacturing.

Some significant industry players in the hoist sling chains assemblies market are: pewag, Campbell, Gunnebo, Retezarna A.S., McKinnon Chain, RUD, etc. Industry participants have been engaged in significant new product development to strengthen the market position. For instance, in January 2018, Gunnebo launched a new grab hook with locking pin. The product involved supporting cradle lugs for its usage at full Working Load Limit (WLL). The product features include high strength, lightweight, easy handling, and risk minimization. With these product developments, the company could gain an edge over its competitors.

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Spout Liquid Pouch Packaging Market by Type (Spout, Non-Spout) 2018-2024

Spout liquid pouch packaging market will witness CAGR at over 6.5% up to 2024. No spillage along with high protection layering are among major properties driving product scope in food & beverage, pharmaceutical, and industrial applications. Non-spout liquid pouch packaging market dominates the industry share. Design flexibility along with product innovations are among key factors fueling the business growth.

Spout & Non-Spout Liquid Pouch Packaging Market size is estimated to surpass USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc. Necessity for light weight and easy to carry products particularly among travelers and tourists will drive the spout liquid pouch packaging market size. Improved consumer experience accompanied by ease in consumption and stain free properties will support the industry growth. Rapid urbanization along with busier lifestyles enhancing the processed food demand will support the product scope.

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Inclination towards eco-friendly materials along with favorable government regulations on sustainable packing innovations will augment the industry demand. Shifting trend towards raw material cost reduction among manufacturers will fuel the product scope. However, raw material cost variations due to fluctuating petrochemical prices may hamper the business growth.

Food & beverage applications in non-spout liquid pouch packaging market was valued over USD 3 billion in 2017. Shifting consumer preferences towards processed food and fluid diet due to increasing health awareness will proliferate the application scope. Extensive durability through flavor retention, nutritional value and freshness maintenance are substantial properties driving product penetration.

200ml size exhibited a dominating share in the spout liquid pouch packaging market share. High application scope owing to light weight, compatible strength along with adoption of standardized sizes in food & beverage applications will propel the segment growth. Rising penetration in personal care and home care segments particularly for soaps & detergents will support the product demand.

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Three-layer laminates accounted for over 45% in the spout liquid pouch packaging market in 2017. Ease in high quality design printing on film surface will supplement the segment demand. High application scope in food & beverage applications owing to enhanced shelf life will support the product demand. However, four-layer laminates are expected to witness the fastest CAGR owing to increasing demand from industrial applications.

Asia pacific non-spout liquid pouch packaging market is anticipated to report more than 2 million tons by 2024. Rising penetration of supermarkets offering discounted prices coupled with increasing consumer spending on FMCG products will drive the industry demand. Potential food & beverage and home care market is among primary driver for regional industry growth

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Global industry share is highly fragmented owing to presence of large number of unorganized small-scale players along with global players. Ampac, IMPAK Corporation, Uflex, Tetra Pak International, Sonoco, Swiss Pac, and Weyerhaeuser Company are among major players. Expanding distribution and sales network coupled with research & development investments are among vital strategies adopted among industry players. Other prominent players include Constantia Flexibles, Clondalkin Group, Südpack Verpackungen, Cellpack, Huhtamaki Oyj, DOW Chemical Company, and Smurfit Kappa.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com