Pre-Impregnated Paper Market Business Analysis, New Innovations, Shares and Forecast till 2031

Pre-Impregnated Paper Market- Overview

Pre-impregnated paper is a type of base paper used in the production of finish foil. The pre-impregnated paper featured with consistent quality, good printability and high internal bond level. These are also available in a wide range of colors. The pre-impregnated paper are most suitable for furniture, doors, ceilings and wall-paneling. Some of pre-impregnated papers are environment-friendly papers. They are formaldehyde-free paper and offer flatness properties.

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Due to its immediate gluability and great printability properties, the pre-impregnated paper has applications, where medium demand for scratch and wear resistance is needed. The materials used in the manufacture of impregnated papers are wood-free cellulose, pigments, resin component additives, and residual moisture. The various types of pre-impregnated papers manufactured for the furniture industry and produced by impregnation with resin on a paper machines. The use of a variety of resin mixes to produce papers with different characteristic.

Pre-Impregnated Paper Market Dynamics

The pre-impregnated paper are predominantly used in the furnishing of doors, wall panels and other. The key market driver for increasing the demand for pre-impregnated papers is the furniture industry. The pre-impregnated papers have its broad application in furniture. The furniture industry has significantly developed and is not limited to chairs and tables, and it has expanded to the home furnishing and decorative interiors. In addition to this, the demand for impregnated paper is also gaining pace which will enhance the sales of the pre impregnated papers, thereby creating growth avenues for pre-impregnated papers market. The decorative paper is the parent market for the pre-impregnated papers. The rise in the use of decorative paper driving the pre-impregnated market. The consumers are more attracted towards the pre-impregnated paper over the paints for the wall panels as it has good internal bonding and different designs and is also cost-efficient.

The only reason that hinders the sales of impregnated papers is their durability, the pre-impregnated papers do not last long, thereby, reducing the sales and market growth of the pre-impregnated papers.

Pre-Impregnated Paper Market- Regional Analysis

In terms of regional demand, the pre-impregnated paper market can be segmented into seven regions: North America, Latin America, Europe, CIS & Russia, Japan, APEJ (Asia Pacific except Japan) and the Middle East and Africa. China is the most prominent region for pre-impregnated paper, followed by the U.S. The number of the consumers in Asia region is more as compared to the other regions. The demand for pre-impregnated papers market is also increasing in Japan. The other regions including the Europe countries including Germany and United Kingdom, Latin America, Middle East and Africa will show significant growth in the market for pre-impregnated papers.

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Pre-Impregnated Paper Market- Key Segments

According to the material type, the pre-impregnated papers market are segmented as:

  • Acrylate Polymer
  • Urea Melamine-Resin

According to type, the pre-impregnated paper market are segmented as:

  • LBWP
  • Post- Impregnated
  • Pre-Impregnated

According to end user, the pre-impregnated paper market are segmented as:

  • Industrial
  • Commercial
  • Residential

According to sales, the pre-impregnated paper market are segmented as:

  • Furniture and Furnishing stores
  • Distribution channels
  • Supplier
  • Vendors

Pre-Impregnated Paper Market- Key Manufacturers

The market of pre-impregnated papers covered various global players. The key players are Changzhou Kangmei Wood Industry co. ltd; Ahlstarm Munksio, Kammerer, Hangzhou Bazhi decorative papers co. ltd; Aramid HPM Llc, epoxy coatings along with Marston Damsel GMBH and Filament windings.

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Finish Foils Market Business Analysis, New Innovations, Shares and Forecast till 2031

Global Finish Foils Market Overview

Alike other packaging foils, finish foils market is owing to augmentation in demand across the globe with the significant evolution of the packaging industry over the past few decades. The finish foils are usually supplied in reels as decor finish foils and are also used for coating wood-based panels. Finish foils are printed specialist papers, which are refined with environment-friendly lacquer systems and impregnated with resins to create a highly resistant surface.

This substrate is primarily used to create authentic reproductions of fine woods and a wide range of creative decorative designs and hues in single colors for applications in furniture, caravan fittings, and interior design. The finish foils are manufactured for flexible packaging is generally water and chemical repellent. Finish foils are primarily used in packaging as a barrier to extending product life and mainly to protect the product from humidity, sunlight and external environment.

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Finish foils manufacturing for the packaging market is increasing the application segment for various purposes through improved research and development practices. The other opportunity area for the global finish foils manufacturing for packaging market lies in minimizing the overall cost by reusing and recycling. Due to this, the manufacturer can obtain improved margins at reasonable operational price.

Global Finish Foils Market Dynamics

The primary factors which are boosting the growth of the finish foils market are widely used in the furniture and interior design industry. The rapid growth and technology advancement in the packaging industry leads to the significant growth of finish foils market. The growing consumer emphasis on sustainable, and convenience lifestyles, which turn to finish foils packaging one of the rapidly growing packaging areas in forecast years. For residential consumers the design flexibility allows users to achieve exotic high-end looks without consuming virgin wood or mineral resources that does not sacrifice the look and feel of the space. For non-residential users, finish foils are utilized for distinct properties such as durability, lavish, elegant looks microbe-resistant cost effectiveness customizable high impact strength, variety, easy to maintain and easy installation.

Moreover, with improving living standards and increasing consumption of packaged products driving demand, there is continuous growth in finish foils market. The alternative factor for the finish foils market is the growth in the packaging industry. Rapid urbanization and heightened per capita income are estimated to be the reasons for growing the packaged wood segments.

The restraint factor includes lack of awareness in low economies about such products, high cost against uncoated wood products, environmental issues related to the excessive use and recycle of finish foils.

Global Finish Foils Market Segmentation

Finish foils market can be segmented into material type, technologies, format type and regions.

Finish foils market can be segmented on the basis of material type as:

  • PVC
  • PET

Finish foils, which include polyvinyl chloride (PVC) and polyester (PET) films, are growing in popularity due to long-term durability and cost-effectiveness. Over the years, changes in film composition allow for adding highly durable top coats and wear layers which increases the scratch resistance and longevity of the finished product. There is also a vast array of design options ranging from wood grains, solids, stones, and abstract patterns accompanied by various finishes such as high gloss, super matte and deep emboss textures.

Finish foils market can be segmented on the basis of technologies as:

  • Impregnation
  • Coating
  • Drying

Finish foils market can be segmented on the basis of format type as:

  • Furniture films
  • Floor films

Finish foils market can be segmented on the basis of regions as:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Japan
  • APEJ
  • MEA

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Global Finish Foils Market Regional Outlook

Europe is estimated to be the significant market for the global finish foil market. Europe is followed by APEJ, which is anticipated to be the second largest market for the worldwide finish foil market due to economies such as China and India with the improving standard of living. North America, due to its growing packaging practices, is expected to contribute the global finish foil market. The Middle East and Africa due to its developing economies and changing lifestyle preferences is expected to show significant growth in the global finish foils market.

Global Finish Foils Market Key Players

The leading manufacturers in global finish foils market are mentioned below:

  • SURTECO DÉCOR
  • Impress
  • Schattdecor
  • INTERPRINTS
  • Möbelfolien GmbH Biesenthal
  • Likora Dekorfolien GmbH
  • Lamidecor
  • Turkuaz Décor
  • Brushfoil
  • Chiyoda

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters.

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Sterilant and Disinfectant Chemicals Market: In-Depth Analysis on Competitive Landscape Forecast 2020-2030

As the COVID-19 crisis continues to affect every sector around the globe, some industry verticals are anticipated to benefit immensely from this. These industries have experienced a significant increase in demand trends.

Owing to the skyrocketing increase in demand for sanitizers, wipes and other disinfectant products, companies dealing in the raw materials for these products have also experienced tremendous growth.

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Arkema, BASF, Dow, Huntsman along with numerous players have increased production capacities and are observed to incorporate forward integration strategies to spur sales. Since global demand supply chain of disinfectant chemicals has been mildly impacted, this would pave way for entry of a number of regional players, reveals Fact.MR.

Key takeaways of Global Sterilant and Disinfectant Chemicals Market

  • Global sterilant and disinfectant chemicals market is anticipated to create a value opportunity of around US$ 4.7 Bn during the forecast period, adding 1.8X times more value as compared to 2020
  • Amongst all chemical compositions, alcohol and chlorine compounds have collectively accounted for ~50% of the demand pie in 2020
  • Surface disinfectants are the fastest growing application with a CAGR of 7.7% and are set to gain 462 BPS over 2020-2030
  • Intermediate level disinfectants have claimed over 40% of the market share in 2020 and are estimated to touch the mark of US$ 4.3 Bn by the end of 2030
  • North America will continue its reign in the market with East Asia and South Asia & Oceania to register 8.0% and 7.3% CAGRs respectively

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“Sterilant and disinfectant chemicals market being a crucial node in the disinfectant products supply chain, will enjoy unprecedented demand growth in 2020 amid COVID-19 pandemic. Besides, chemical manufactures are also entering into the finished product arena through forward integration.” says a Fact.MR analyst

Forward Integration and Capacity Expansion to Remain Market Imperatives, In Response to COVID-19 Crisis

For handling the global crisis i.e. COVID-19, disinfectant chemical companies have stepped up to ensure that there is no huge disinfectant demand-supply gap. BASF, Arkema, Dow, Huntsman and many other regional players have risen to the occasion to ensure a well-balanced demand-supply chain throughout. Capacity expansions, donations and targeted chemical offerings are some of the major highlights of this salvage.

In addition, the companies dealing in disinfectant chemicals are also penetrating into the finished product galaxy through forward integration. Such initiatives would increase the competition amongst raw material and finished product manufacturers, aiding the overall market growth.

More Valuable Insights on Sterilant and Disinfectant Chemicals Market:

Fact.MR, in its new offering, presents an unbiased analysis of the global Sterilant and Disinfectant Chemicals market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030.

The study divulges essential insights on the Sterilant and Disinfectant Chemicals market on the basis of Type (Peracetic Acid, Alcohols, Aldehydes, Hydrogen Peroxide, Quaternary Ammonium Compounds and Others {Phenols, Oxidizing agents, Halogens}), application (Water disinfectants, Air disinfectants and Surface disinfectants) and Activity (High level disinfectants, Intermediate level disinfectants and Low level disinfectants) across six major regions.

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Hydrogen Generation Market to Grow 2 Times amid Trend of Low-Cost, Clean Energy Forecast 2019-2029

Adoption of clean energy solutions in power generation, manufacturing, and logistics is creating a high need for hydrogen generation processes. For instance, the US Department of Energy (DOE), and Department of Transportation (DoT) constantly revises the Hydrogen Posture Plan (2006) to leverage advanced hydrogen extraction and applications to develop support infrastructure such as gas pipelines and re-fuelling stations.

As the COVID-19 slowdown edges off, demand for hydrogen generation will recover in tandem with low prices.

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Applications in methanol and ammonia production amid surging demand for these chemical compounds will continue to generate revenues. The increase in average size of electrolysers and capacity expansion of these devices paint a profitable picture for market players. Major organizations are leveraging such technological advancements in economies of scale to strengthen their market position.

hydrogen generation market 2

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Key Takeaway of Hydrogen Generation Market Study

  • Steam methane reform will grow more than two-fold during the projection period. The technology segment accounts for a majority share of over 68% of the total market value. The crucial role of steam reforming in large-scale supply of fuel for hydrogen fuel cells acts as a major factor for growth in this segment.
  • On the back of thermal efficiency and negligible carbon emission, coal gasification technologies for hydrogen generation account for the second largest market value share of over 30%. The segment offers attractive revenue prospects with a stellar 8% CAGR through 2029.
  • Surging demand for biodiesel, organic synthesis that employs methanol as a fuel, solvent, and antifreeze element, will make this application segment account for more than 40% of the total market value. The segment shows a strong growth trajectory.
  • Application of hydrogen generation in petroleum refining offers the most remunerative growth opportunities with a stupendous 9% CAGR during the projection period. Increasing emphasis on clean energy and desulphurization of fuel drive growth in this segment.
  • Captive hydrogen generation systems are gaining popularity owing to energy efficiency and decreased carbon emissions of the system type. Captive hydrogen generation systems account for a lion’s share of ~86% of the total market value with an equally impressive growth rate.
  • Merchant systems however exhibit a double digit growth rate of more than 10% CAGR during the projection period. Favorable gas-pipeline infrastructure development will attract customers through 2029.

“Surging demand for ammonia and methanol production will uphold the demand for hydrogen generation processes. Disruptive innovations such as solar hydrogen generation using water electrolysis or direct solar water splitting will differentiate product offerings of hydrogen generation companies.”-Says Fact.MR Analyst

Clean Energy Initiatives Post COVID-19 Recovery to Further Hydrogen Generation

Adoption of fuel cell automotive across the globe is a trend to track by market players. For instance, developing countries in Asia Pacific such as China, India, and Indonesia are investing in developing modern infrastructure that promotes the adoption of new-energy automotive. Further, incentive policies in developed regions such as the US and Russia promote hydrogen adoption by the manufacturing industry.

Concerns over decreasing air quality and respiratory problems are accelerating the demand for hydrogen generation in oil & gas applications. In a consolidated competitive landscape, mergers, acquisitions, and capacity expansion partnerships are popular strategies adopted by market players.

Resurgent economies that successfully combat and contain COVID-19 will drive the demand for hydrogen generation in a bid to improve the quality of air since, respiratory health conditions are a central factor to the rampant spread of coronavirus.

The hydrogen generation market will regain first quarter revenue losses in clean energy adoption post the pandemic. However, current scenarios warrant advance planning from market players to come up with recovery strategies. Targeting low COVID-19 impact areas or fast-recovery areas is a chief growth strategy. Change in supply chain and distribution channels is foreseen in a COVID-19 infected hydrogen generation market through 2029.

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Increased Defence Spending to Bolster Demand for Military Rifles Market Forecast 2029

The global military rifle market is projected to grow at lower single digit CAGR between 2019 and 2029 and valued to be a multi-billion dollar market by the end of 2029. While the demand for military rifles is increasing gradually, sniper rifles are accounting for a major market share globally.

With the defence budget burgeoning in emerging economies, countries have increased procurement of the sniper rifles owing to its long range firing capacity and high accuracy.

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For instance, in August 2018, Ukraine has signed a deal with the Canadian firm PGW Defence Technologies to supply sniper rifles to its military. The need to procure new weaponry to modernize militaries in major economies is a key driver of the global military rifle market.

The US continues to remain the market leader within the military rifle market as it supplies arms and ammunition to numerous countries around the globe and is anticipated to retain its position during the forecast period owing to a large number of agreements with the military organizations of developing countries.

Key Takeaways of Military Rifle Market

  • In military rifle type, assault rifle is anticipated to accumulate majority share in terms of value and it is expected to grow at a mid-single digit CAGR in terms of value during the forecast period (2019 – 2029).
  • Military rifles with a range between 500 and 1,000 meters are projected to grow at maximum volume CAGR and are anticipated to hold more than 1/5th of the revenue share in the global military rifle market.
  • The U.S. is expected to be the largest military rifle exporter while India is expected to be the largest procuring country in the global military rifle market during the forecast period.
  • North America is projected to continue its position as the market leader while East Asia is poised to witness resilient growth in terms of value in the global military rifle market by the end of the forecast period.

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“Global military rifle market is primarily driven by the increasing defence spending within the developing countries. Manufacturers are forming joint ventures and signing MoUs in order to cater to the heavy demand from military organizations around the globe” says Fact.MR analyst.

Joint Ventures to Remain Key Forte of Market Stakeholders

Global military rifle market is highly competitive. Manufacturers are required to qualify certain criteria in order to supply weapons and ammunition to military organizations. Leading manufacturers usually form joint ventures with the local weapon manufacturing companies in order to tap opportunities within the region.

For instance, in January 2020, Brazilian firearm manufacturer Taurus Armas formed a joint venture with Indian company Jindal Defence to manufacture assault rifles, carbines, pistols and revolvers in India. With this, JV Taurus Armas is aiming to tap into the domestic opportunities in India.

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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Street Sweeper Market to Surpass US$1.3Bn by 2027 End

Surpassing a valuation of US$ 3 billion by the end of 2027, the global street sweepers market is projected to grow at a value CAGR of more than 7% between 2019 and 2027. Electric street sweepers are gaining traction owing to the competitive advantage they provide such as zero emissions, high energy efficiency and less noise compared to other street sweepers.

Governments of several countries are setting up new guidelines for selection of street sweepers in order to encourage municipal corporations to enhance penetration of electric sweepers into their fleet. Use of electric street sweepers are aiding municipal corporations to reduce their carbon footprint, improve quality of air, and mitigate climate change.

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As a result, demand for electric and hybrid street sweepers are projected to increase over the forecast period. In addition, leading manufacturers are also promoting and expanding their product portfolio by adding electric street sweepers which has boosted the demand for the electric street sweepers globally and which is anticipated to witness high demand growth in the foreseeable future.

street sweeper market 01

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Key Takeaways of Street Sweeper Market

  • In the Global street sweeper market, Electric Street sweepers are anticipated to grow at a value CAGR of 16.4%, valued at more than US$ 640 million by the end of forecast period (2019 – 2027).
  • By product category, mechanical broom sweepers are anticipated to accumulate majority share in terms of value and are expected to grow at a value CAGR of 6.4% during the forecast period.
  • Municipal corporation end use segment is projected to grow at volume CAGR of 5.9%. It is expected to create an absolute $ opportunity of more than US$ 490 million and is projected to lose 242 BPS from its market share by the end of forecast period.
  • Street sweepers that are powered with diesel are anticipated to hold more than 65% market share in terms of value. They are projected to create 3.5X more opportunity than street sweepers that are powered with CNG or Gasoline.
  • Europe is projected to create an absolute $ opportunity of more than US$ 300 million and it is anticipated to hold maximum share in terms of value in the global street sweeper market by the end of the forecast period.

“In order to minimize human interference and make the process automatic and emission free, manufacturers are strategizing new product developments to cater to the high demand for street sweepers globally” says the Fact.MR analyst

Innovations to Remain a Prime Growth Lever

Global street sweeper market is highly consolidated in nature. Leading manufacturers are introducing new street sweepers with enhanced capacity and fuel efficiency. Manufacturers are focusing on developing and introducing electric street sweepers in order to cater to the heavy demand from the municipal corporations. For instance, in December 2019, another market leader Elgin Sweeper Company introduced plug-in, hybrid electric version of its Broom Bear mechanical sweeper in order to cater to the high demand from its municipal customers. In June 2018, Johnston Sweepers Limited launched VE651, an electrically powered, truck mounted, street sweeper.

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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4,4-Dichlorodiphenyl Sulfone (DCDPS) Market to Surpass US$350Mn by 2029 End

Led by India and China, global 4,4-Dichlorodiphenyl sulfone market is currently pegged at more than US$ 350 Mn and is projected to grow  at a rate of just over 4% during the assessment period of 2019 to 2029. 4,4-Dichlorodiphenyl sulfone is primarily a business to business product, used as a monomer in production of sulfone polymers and Dapsone drug.

Thus, manufacturers of sulfone polymers and Dapsone will hold the proverbial key to success in the DCDPS market. Key stakeholders in the market are mainly operating on captive consumption, and hence market has become even more consolidated.

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Since global supply of DCDPS is limited to few players only, market is flourishing through imports of DCDPS mainly from Asia, reveals Fact.MR.

4 4 dichlorodiphenyl sulfone dcdps market 01

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Key takeaways of Global 4,4-Dichlorodiphenyl Sulfone (DCDPS) Market

  • Global 4,4-Dichlorodiphenyl sulfone (DCDPS) market is anticipated to create a value opportunity of around US$ 190.4 Mn during the forecast period, adding 1.5X times more value as compared to 2019
  • Despite losing significant market share by 2029 end, industrial grade DCDPS will account for around 60% of market share. Recent past witnessed resurgence of pharma grade DCDPS, which is projected to witness growth of over 5% CAGR in forecast period, as it is the main raw material used in drugs for curing leprosy. Pharma grade DCDPS is experiencing an upward trend, especially in Asia.
  • Amongst all applications of DCDPS, engineered plastics account for 3/4th of demand share. Polysulfone (PSU) polymers is forecast to gain 175 BPS during the forecast period, owing to its increased and continued consumption in electric & electronic applications.
  • In the current scenario, South Asia & Oceania hold a leading share in the global market. India is the largest manufacturer of DCDPS, with an annual production capacity of close to 50,000 tons per annum.
  • Market in Europe and North America is highly import oriented, with a large chunk of supply coming from China & India

“DCDPS is a crucial intermediate for high performance engineering plastic, and thus its market is highly competitive due to lateral integration from global players. Beside, DCDPS market is forecast to gain more traction with adoption of sulfone polymers for high end aerospace applications.” says a Fact.MR analyst

Manufacturers Prioritize Forward Integration, Captive Consumption Remains Mainstay

Key players in Global DCDPS market such as Solvay SA and Atul Ltd. Work on captive consumption of DCDPS, for the production of sulfone polymers and dapsone. These companies are focused on providing diverse end products in the market to proliferate sales. In addition, players have been investing in emerging countries such as India for expansion of DCDPS production facilities. For instance, Solvay has started production lines for DCDPS from 2005, and now have established a plant for end products which will completely utilize DCDPS for its sole production units. Likewise, BASF and Sumitomo have a patented process of DCDPS but does not sell DCDPS to its customers.

More Valuable Insights on 4,4-Dichlorodiphenyl Sulfone (DCDPS) Market:

Fact.MR, in its new offering, presents an unbiased analysis of the global 4,4-Dichlorodiphenyl sulfone (DCDPS) market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the 4,4-Dichlorodiphenyl sulfone (DCDPS) market on the basis of grade (industrial, pharma and reagent), and application (engineered plastic { polysulfone (PSU), polyethersulfone (PESU), polyphenylsulfone (PPSU)}, pharmaceutical and others) across five major regions.

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Floor POP Display Market Market Ongoing Trends and Recent Developments

This Fact.MR report forecasts positive growth of global floor POP display market for the forecast period 2017-2027. Rapidly evolving advertising industry is the primary reason of growth as it has increased the floor POP requirement.

Huge investments in marketing and advertisements by major companies to attract customers also help to expand global floor POP display market.

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Global floor POP display market on world map is majorly dominated by Asia Pacific excluding Japan, North America, Europe, Latin America, japan, Middle East and Africa.

Corrugated boards generate positive momentum in market

Floor POP displays are made up of different types of material. They can be corrugated boards, plastic sheets and metals. Foam board and glass type floor POP displays have also registered their presence in global floor POP display market. Amongst all the materials, corrugated boards are widely preferred which makes them the owner of one-third of the global market. Demand of foam board for creating floor POP displays is growing fast and this segment is anticipated to grow at a rate pf 6% CAGR for the forecast period 2017-2016.

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Different market segments prefer different packaging to attract their customers. Global floor POP display market is brimming with packaging formats. There is food & beverages packaging format, pharmaceuticals packaging format and cosmetics and & personal care packaging formats.

Printing, automotive and electronics packaging formats also form major segments of global floor POP display market. Food and beverages packaging format is in high demand which is anticipated to dominate the forecast period in packaging formats segment. Cosmetics and personal care packaging format is expected to follow the lead and grow fast.

Interactive floor display attract customers

Different applications have fueled global floor POP display market. Floor POP displays are used in hypermarket and super market. Departmental store and convenience stores exist to be the traditional areas of application.

Specialty stores are the latest entrant that use floor POP display. The growing culture of hyper market enables it to dominate the global floor POP display market. High growth opportunities are also surfacing from super market segment.

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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Microfiber Synthetic Leather Market Prominent Players Huafon Group, Kuraray, Toray, Wenzhou Imitation Leather

This latest Fact.MR report states that global microfiber synthetic leather market is expanding fast and is expected to attain a rate of 4.9% CAGR growth for the forecast period 2017-2026. The report examines the opportunities and trends in the market and categorizes in three broad segments on the basis of product type, region and application.

Rapid changes in customer lifestyle and growing awareness regarding animal killing are the primary factors that are expected to generate revenue in global microfiber synthetic leather market.

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Consumers have diverted their attention from animal leather to focus on synthetic leather, creating synthetic leather demand that generates plethora of opportunities. It attracts investments from domestic and international companies that ultimately boosts the global revenue growth. Microfiber synthetic leather is known as the best vegan leather and the best alternative to replace animal leather.

Automotive segment displays rapid growth in demand

Global microfiber synthetic leather market can be geographically segmented into North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, Middle East and Africa.

Products in global microfiber synthetic leather market and can be segmented into bio-based leather, PU synthetic leather and PVC-based synthetic leather where PVC-based synthetic leather owns one-third of the total microfiber synthetic leather market. Microfiber synthetic leather have varied applications. They can be used in clothing, furnishing, bags and automotive. Increase in disposable income allows individuals to splurge on luxury to create status symbol.

Furnishings segment has displayed rapid growth and is expected to dominate the market for the forecast period 2017-2026. Technological advancements have turned out to be a boon for automotive segment and new innovation have been introduced. This in turn has shot up the automotive requirements. Increased demand in automotive is generating great opportunities in global microfiber synthetic leather market.

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Advancement in processing technology boosts global market

Processing technology of microfiber synthetic leather has been ever-evolving. The dying properties of synthetic leather restrict development of leather base which arises need for alternative dyeing and finishing techniques. Hydrogen collagen extracted from leather base is eyed as a natural biomass alternative that is non-toxic and contains active groups like carboxyl and amino that display outstanding properties such as biocompatibility and hydrophilicity. It significantly improves the dying property along with reducing environmental impact.

The global microfiber synthetic leather market also faces challenges in terms of cost. The common materials used in manufacture of synthetic leather is generally PVC and polyutherine. These materials are being widely criticized for their negative attributes like carbon foot print and lack of biodegradability. These elements require plastic-based adhesives to adhere the fibers together which again is against sustainability. Polyutherine is produced using chemicals and is not biodegradable.

Key players who have created momentum in global microfiber synthetic leather market are Huafon Group, Anhui Anli Material Technology Co., Ltd., Shandong Tongda Textile Machinery (group) Co.,Ltd., Topsun Micro Fiber, Teijin Cordley, Xiangyu Xinghong, San Fang Chemical Industry Co., Ltd., Meisheng Group, SISA, Ecolorica, Wenzhou Imitation Leather, Yantai Wanhua Synthetic Leather Group Co., Ltd.,, Asahi Kasei Mayur Uniquoters Limited, Jeongsan International, and H.R.Polycoats Pvt. Ltd.

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Mobile Servicing Rig Market Globally Expected to Drive Growth through 2027

Demand for mobile servicing rig continues to remain influenced by the radical shift in designs being developed, and fast replacement of traditional rigs with powerful and advanced mobile servicing rigs worldwide. As standard servicing rigs are not well-equipped to cater evolving requirements of end-users, the industry is witnessing a fundamental and significant shift in servicing rig developments, thereby impacting demand and sales of mobile servicing rig,Although mobile servicing rig has a confined application prospect, light mobile servicing rigs have witnessed widespread acceptance.

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With growing cases of shale drilling, sour wells, directional wells and multilaterals, demand for high horse power and hi-tech mobile servicing rigs has been witnessing increased traction in the recent years.

Supply and demand trends of the mobile servicing rigs are likely to remain adverse. Despite stability in drilling demand, continuous substantial pressures of the magnitude of order book and delivery schedules on fleet utilization has been impacting the demand for mobile servicing rigs.

Key mobile servicing rig manufacturers are actively seeking effective measures for supply adjustment in response to current demand volatility. Leading mobile servicing rig manufacturers are focusing on newbuild delivery delays, accelerated replacement of obsolete and old equipment, for saving on operational costs.

Rebound In the Oil & Gas Exploration and Production Activities to Boost Mobile Servicing Rig Market

With the recovery in activities of oil and gas exploration, the market for mobile servicing rigs is estimated to grow steadily in the review period. Following this momentum, oilfield service companies have raised capital expenditure in offshore as well as onshore projects. Depending upon the types of oil or natural gas well, the well can last from 5 to 50 years or even more. A mobile servicing rig performs service at the same well for seven to eight time before the well is abandoned. However, engaged industry stakeholders tend to optimize resources as much as possible, thus creating the need for mobile servicing rig. On account of which, it is estimated that over the coming years, the global market is poised to witness an increase in growth for mobile service rigs.

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Mobile servicing rigs are utilized in workover activities of oilfields which implies to invasive techniques such as wireline, coil tubing, or snubbing after the drilling is done. As these techniques are needed for the entire life of the well, function of mobile servicing rigs becomes indispensable in oilfields. New-builds and secondary transaction of mobile servicing rigs are regulated by OEMs in the global market. Among different types of mobile servicing rigs, mobile single, mobile double, mobile slant, and skid double among others are highly preferred by end-users. Further, implementation of technological advances has introduced mobile servicing rigs that are functional in extreme environments including onshore, offshore, mountain, desert, as well as colder climates.

Rising Momentum in Oil & Gas Exploration to Boost Market Growth

Past two-years of oil price decline witnessed plunge in exploration & production (E&P) activities as well as downsizing of personnel and assets by the oil & gas industry. At the end of 2016, OPEC’s deal, reduction in service cost, and increased operational efficiency have gradually recovered E&P activities in the United States. Further, consistent rise in the global oil demand, the supply and demand gap of petroleum fuels has widened. To fill this gap, oil & gas companies across the globe are actively involved in E&P activities. As these activities are on the gradual rise, the market for mobile servicing rigs is expected to grow in parallel.

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Oilfield Service Companies to Report Increased Adoption

Strengthening demand for onshore services, increased commodity costs, as well as gradually rising oil prices, have assisted E&P companies to increase their capital expenditure in onshore as well as offshore projects. Increased demand for oil and natural gas has further encouraged the exploration activities. Based on this, oilfield service companies across the globe are likely to experience stronger demand by E&P companies. As oilfield service companies assist in petroleum exploration, production and well maintenance, these companies are the largest end-user of drilling rigs as well as mobile servicing rigs. Further, to address growing environmental concern of E&P activities, these companies are seeking to provide environmentally responsible solutions. As global E&P activities gradually rebound, growth of the oilfield service companies is likely to translate in the increased adoption of mobile servicing rigs.

Rental Activities by OEM’s to Boost the Demand

As success of an E&P activity remains ambiguous until the discovery of an oil resource, most of the E&P companies are engaged in rental contracts as opposed to purchasing of the new rigs. Due to this, on the global scale the mobile servicing rig market is dominated by rental market and not by sales channel. The rental contract involves insurance premium with specific investment return laws. Nabors Industries Ltd, Precision Drilling Cooperation, Patterson-UTI Energy Inc., and others are leading rental companies in the mobile servicing rig market.

Renewable Energy Revolution – A Potential Market Challenge

According to the International Energy Agency (IEA), the year 2017 reported over 50% installation of new solar power projects worldwide, significantly surpassing new cumulative constrictions of coal, gas, and nuclear plants. This was supported by low-auction prices for solar and wind project deployment across the globe, in particular the UAE, India, Mexico, and Chile. According to IEA’s forecast, renewable electricity capacity is projected to expand by 12% in 2017 and to report 43% expansion by 2022. With the increased inclination towards renewable energy resources, dependency over conventional fuels is estimated to decline in future. Amidst this renewable energy revolution, decline in oil & gas exploration activity to influence the market for mobile servicing rig during the forecast.

Although recovering E&P activities will support the growth of mobile servicing rig market, oil price fluctuations, discontinued support from the World Bank, and to influence the market, and OPEC’s output cuts are expected to influence the market in the forecast period.

About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com