• 𝐓𝐡𝐞 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐚𝐧𝐝 𝐒𝐡𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

    𝐓𝐡𝐞 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 147.99 million with a CAGR of 9.17% till 2030. Indonesia has been attracting foreign investments in the pharmaceutical industry, which has led to an increase in drug development and toxicity testing activities in the country. The early toxicity testing market is expected to grow further as more foreign companies enter the Indonesian market.

    𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 :

    𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 : Beyond pharmaceuticals, early toxicity testing is becoming important in industries like cosmetics, agriculture, and chemicals, particularly in assessing the safety of consumer products and industrial chemicals. Indonesia has been updating its regulatory framework for these industries, pushing companies to conduct more thorough early-stage toxicity assessments to ensure safety and environmental compliance.

    𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐓𝐨𝐱𝐢𝐜𝐨𝐥𝐨𝐠𝐲 : With the increasing focus on environmental protection and sustainable practices, toxicity testing related to chemical pollutants, agricultural pesticides, and industrial waste is gaining more attention in Indonesia. This is also driven by global sustainability trends and consumer demand for safer products.

    https://www.nextmsc.com/report/indonesia-early-toxicity-testing-market
    𝐓𝐡𝐞 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐚𝐧𝐝 𝐒𝐡𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐓𝐡𝐞 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 147.99 million with a CAGR of 9.17% till 2030. Indonesia has been attracting foreign investments in the pharmaceutical industry, which has led to an increase in drug development and toxicity testing activities in the country. The early toxicity testing market is expected to grow further as more foreign companies enter the Indonesian market. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 : 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 : Beyond pharmaceuticals, early toxicity testing is becoming important in industries like cosmetics, agriculture, and chemicals, particularly in assessing the safety of consumer products and industrial chemicals. Indonesia has been updating its regulatory framework for these industries, pushing companies to conduct more thorough early-stage toxicity assessments to ensure safety and environmental compliance. 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐓𝐨𝐱𝐢𝐜𝐨𝐥𝐨𝐠𝐲 : With the increasing focus on environmental protection and sustainable practices, toxicity testing related to chemical pollutants, agricultural pesticides, and industrial waste is gaining more attention in Indonesia. This is also driven by global sustainability trends and consumer demand for safer products. https://www.nextmsc.com/report/indonesia-early-toxicity-testing-market
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    Indonesia Early Toxicity Testing Market Analysis | 2023-2030
    Indonesia Early Toxicity Testing Market is predicted to reach $147.99 million by 2030 with a CAGR of 9.17% from 2023 to 2030
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  • 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐔.𝐒. 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

    𝐔.𝐒. 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 4.14 billion with a CAGR of 6.02% till 2030. The early toxicity testing market is growing, owing to robust healthcare infrastructure, high investment in R&D, and increase in demand for high-quality pharmaceutical products in the U.S.

    𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

    𝐒𝐡𝐢𝐟𝐭 𝐟𝐫𝐨𝐦 𝐀𝐧𝐢𝐦𝐚𝐥 𝐭𝐨 𝐇𝐮𝐦𝐚𝐧-𝐁𝐚𝐬𝐞𝐝 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 : There is a strong trend in the U.S. toward replacing traditional animal testing with non-animal testing methods, driven by both ethical considerations and the desire for more accurate, human-relevant results. This is particularly important as there is growing public and regulatory pressure to reduce reliance on animals for safety testing.

    𝐅𝐃𝐀 𝐚𝐧𝐝 𝐄𝐏𝐀 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 : The U.S. Food and Drug Administration (FDA), Environmental Protection Agency (EPA), and other regulatory bodies are increasingly promoting the use of alternative testing methods. The FDA's Tox21 initiative, which focuses on advancing alternative testing methodologies, supports the development and validation of non-animal models for early toxicity screening.

    https://www.nextmsc.com/report/us-early-toxicity-testing-market
    𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐔.𝐒. 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔.𝐒. 𝐄𝐚𝐫𝐥𝐲 𝐓𝐨𝐱𝐢𝐜𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 4.14 billion with a CAGR of 6.02% till 2030. The early toxicity testing market is growing, owing to robust healthcare infrastructure, high investment in R&D, and increase in demand for high-quality pharmaceutical products in the U.S. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐒𝐡𝐢𝐟𝐭 𝐟𝐫𝐨𝐦 𝐀𝐧𝐢𝐦𝐚𝐥 𝐭𝐨 𝐇𝐮𝐦𝐚𝐧-𝐁𝐚𝐬𝐞𝐝 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 : There is a strong trend in the U.S. toward replacing traditional animal testing with non-animal testing methods, driven by both ethical considerations and the desire for more accurate, human-relevant results. This is particularly important as there is growing public and regulatory pressure to reduce reliance on animals for safety testing. 𝐅𝐃𝐀 𝐚𝐧𝐝 𝐄𝐏𝐀 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 : The U.S. Food and Drug Administration (FDA), Environmental Protection Agency (EPA), and other regulatory bodies are increasingly promoting the use of alternative testing methods. The FDA's Tox21 initiative, which focuses on advancing alternative testing methodologies, supports the development and validation of non-animal models for early toxicity screening. https://www.nextmsc.com/report/us-early-toxicity-testing-market
    WWW.NEXTMSC.COM
    U.S. Early Toxicity Testing Market Share & Analysis | 2023-2030
    U.S. Early Toxicity Testing Market is predicted to reach $4.14 billion by 2030 with a CAGR of 6.02% from 2023 to 2030
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  • In today’s rapidly advancing property management landscape, the emphasis on energy efficiency has transcended environmental advocacy, becoming a crucial determinant of market competitiveness and operational cost-effectiveness. Central to this shift is the Energy Star Portfolio Manager, an influential online tool backed by the U.S. Environmental Protection Agency (EPA). It benchmarks energy and water usage, serving as a barometer for building performance in sustainability.
    In today’s rapidly advancing property management landscape, the emphasis on energy efficiency has transcended environmental advocacy, becoming a crucial determinant of market competitiveness and operational cost-effectiveness. Central to this shift is the Energy Star Portfolio Manager, an influential online tool backed by the U.S. Environmental Protection Agency (EPA). It benchmarks energy and water usage, serving as a barometer for building performance in sustainability.
    BLOG.VERTPRO.COM
    VertPro®: Your Energy Star Score Solution
    Maximize your Energy Star Portfolio Manager score with VertPro®. Get the best in energy benchmarking and efficiency management.
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  • The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.

    Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515

    How is This Report Developed?

    We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends.

    Drivers & Restraints-

    Increasing Need to Manufacture Automotive Gaskets to Aid Growth

    People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future.

    Segment-

    Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles

    Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles.

    Regional Insights-

    Surging Demand for Luxury Vehicles to Accelerate Growth in Europe

    In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth.

    In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles.

    Competitive Landscape-

    Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19

    The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments:

    August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers.
    May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic.
    A list of all the renowned thermoplastic elastomers producers operating in the market:

    Arkema SA (Colombes, France)
    Covestro AG (Leverkusen, Germany)
    Evonik Industries AG (Essen, Germany)
    Teknor APEX Company (Rhode Island, U.S.)
    BASF SE (Ludwigshafen, Germany)
    Huntsman Corporation (Texas, U.S.)
    Sinopec Group (Beijing, China)
    Lubrizol Corporation (Ohio, U.S.)
    Kraton Corporation (Texas, U.S.)
    Tosoh Corporation (Tokyo, Japan)
    Other Key Players
    The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Drivers & Restraints- Increasing Need to Manufacture Automotive Gaskets to Aid Growth People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Competitive Landscape- Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19 The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments: August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers. May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic. A list of all the renowned thermoplastic elastomers producers operating in the market: Arkema SA (Colombes, France) Covestro AG (Leverkusen, Germany) Evonik Industries AG (Essen, Germany) Teknor APEX Company (Rhode Island, U.S.) BASF SE (Ludwigshafen, Germany) Huntsman Corporation (Texas, U.S.) Sinopec Group (Beijing, China) Lubrizol Corporation (Ohio, U.S.) Kraton Corporation (Texas, U.S.) Tosoh Corporation (Tokyo, Japan) Other Key Players
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Thermoplastic Elastomer Market Size, Growth Rate, Report, 2032
    The global thermoplastic elastomer market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.
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  • The global surface disinfectant market is set to gain impetus from the emergence of COVID-19 pandemic worldwide. It has surged the need for surface disinfectant as people are persistently sanitizing the places and objects that are coming into frequent human contact for reducing the impact of the virus. This information is given by Fortune Business Insights™ in a recent report, titled, “Surface Disinfectant Market Size, Share & Industry Analysis, By Type (Aerosol, Gel, Liquid, and Wipe), By Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, and Others), By Application (Residential, Commercial, Health Care Facility, and Others), and Regional Forecast, 2020-2027.” The report further states that the global surface disinfectant market size was USD 770.6 million in 2019 and is projected to reach USD 1,547.7 million by 2027, exhibiting a CAGR of 9.1% during the forecast period.

    Information Source - https://www.fortunebusinessinsights.com/surface-disinfectant-market-103062

    This Report Answers the Following Questions:

    What are the market drivers, hindrances, and dynamics?
    How will the market be affected in the coming years?
    Which strategies are being adopted by prominent companies to intensify competition?
    Which region is expected to lead the market?
    How will the spread of coronavirus infection impact the market?
    Drivers & Restraints-

    Increasing Prevalence of Hospital-Acquired Infections to Propel Growth

    The cases of hospital-acquired infections (HAIs) are expected to surge the demand for surface disinfectant in the near future. These infections mainly occur when the patients are being treated in the hospitals and are not often detected during the admission procedure. The infections associated with the invasive devices and medical equipment consist of ventilator-associated pneumonia, catheter associated infections, and surgical site infection. However, surface disinfectants include a wide range of chemicals, namely, acetic acid, peroxides, and hypochlorite. These are very harmful for the human health, as well as for the environment. These factors are expected to hamper the surface disinfectant market growth in the coming years.

    Segment-

    Residential Segment to Grow Steadily Owing to Awareness About Infections

    In terms of applications, the market is divided into health care facilities, commercial, residential, and others. Out of these, the residential segment held 16.1% surface disinfectant market share in 2019. This growth is attributable to the increasing awareness amongst the populaces about the benefits of using surface disinfectants and the spread of several infections. Additionally, the outbreak of COVID-19 pandemic is rapidly driving the demand for surface disinfectants.

    Regional Analysis-

    Rising Government Laws to Maintain Hygiene will Favor Growth in North America

    In 2019, North America procured USD 299.9 million in terms of revenue. This growth is attributable to the increasing number of stringent laws put forward by the governments for maintaining proper sanitation and hygiene at public places, food establishments, and hospitals. Europe is set to experience significant growth stoked by the rising utilization of surface disinfectants, especially for household applications. Asia Pacific, on the other hand, is anticipated to exhibit the fastest growth fueled by the increasing expenditure of the governments of numerous countries on public health and cleanliness.

    Competitive Landscape-

    Key Companies Focus on Product Launches & Collaborations to Surge Sales

    The market is highly competitive because of the presence of a large number of international and regional companies. Most of them are either following the strategy of joint ventures and partnerships, or are investing huge sums to launch novel surface disinfectants in the market. These steps are helping them to gain a competitive edge. Below are two of the latest industry developments:

    January 2019: Reckitt Benckiser joined hands with Diversey to broaden its presence in North America and to reach out to more hospitals, food joints, and educational institutions.
    November 2018: Diversey Inc. launched its one-step cleaner, ready-to-use deodorizer and disinfectant called SureTouch. It contains hydrogen peroxide and was approved by the Environmental Protection Agency (EPA) for effectively cleaning the facilities.
    Fortune Business Insights™ lists out the names of all the surface disinfectant manufacturers operating in the global market. They are as follows:

    3M (U.S.)
    The Proctor & Gamble Company(U.S.)
    Kimberley-Clark Corporation(U.S.)
    SC Johnson Professional(U.S.)
    The Clorox Company(U.S.)
    Ecolab (U.S.)
    Metrex Research LLC(U.S.)
    Reckitt Benckiser (U.K.)
    Diversey Inc.(U.S.)
    STERIS plc (Ireland)
    Whiteley Corporation (Australia)
    Other Key Players
    The global surface disinfectant market is set to gain impetus from the emergence of COVID-19 pandemic worldwide. It has surged the need for surface disinfectant as people are persistently sanitizing the places and objects that are coming into frequent human contact for reducing the impact of the virus. This information is given by Fortune Business Insights™ in a recent report, titled, “Surface Disinfectant Market Size, Share & Industry Analysis, By Type (Aerosol, Gel, Liquid, and Wipe), By Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, and Others), By Application (Residential, Commercial, Health Care Facility, and Others), and Regional Forecast, 2020-2027.” The report further states that the global surface disinfectant market size was USD 770.6 million in 2019 and is projected to reach USD 1,547.7 million by 2027, exhibiting a CAGR of 9.1% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/surface-disinfectant-market-103062 This Report Answers the Following Questions: What are the market drivers, hindrances, and dynamics? How will the market be affected in the coming years? Which strategies are being adopted by prominent companies to intensify competition? Which region is expected to lead the market? How will the spread of coronavirus infection impact the market? Drivers & Restraints- Increasing Prevalence of Hospital-Acquired Infections to Propel Growth The cases of hospital-acquired infections (HAIs) are expected to surge the demand for surface disinfectant in the near future. These infections mainly occur when the patients are being treated in the hospitals and are not often detected during the admission procedure. The infections associated with the invasive devices and medical equipment consist of ventilator-associated pneumonia, catheter associated infections, and surgical site infection. However, surface disinfectants include a wide range of chemicals, namely, acetic acid, peroxides, and hypochlorite. These are very harmful for the human health, as well as for the environment. These factors are expected to hamper the surface disinfectant market growth in the coming years. Segment- Residential Segment to Grow Steadily Owing to Awareness About Infections In terms of applications, the market is divided into health care facilities, commercial, residential, and others. Out of these, the residential segment held 16.1% surface disinfectant market share in 2019. This growth is attributable to the increasing awareness amongst the populaces about the benefits of using surface disinfectants and the spread of several infections. Additionally, the outbreak of COVID-19 pandemic is rapidly driving the demand for surface disinfectants. Regional Analysis- Rising Government Laws to Maintain Hygiene will Favor Growth in North America In 2019, North America procured USD 299.9 million in terms of revenue. This growth is attributable to the increasing number of stringent laws put forward by the governments for maintaining proper sanitation and hygiene at public places, food establishments, and hospitals. Europe is set to experience significant growth stoked by the rising utilization of surface disinfectants, especially for household applications. Asia Pacific, on the other hand, is anticipated to exhibit the fastest growth fueled by the increasing expenditure of the governments of numerous countries on public health and cleanliness. Competitive Landscape- Key Companies Focus on Product Launches & Collaborations to Surge Sales The market is highly competitive because of the presence of a large number of international and regional companies. Most of them are either following the strategy of joint ventures and partnerships, or are investing huge sums to launch novel surface disinfectants in the market. These steps are helping them to gain a competitive edge. Below are two of the latest industry developments: January 2019: Reckitt Benckiser joined hands with Diversey to broaden its presence in North America and to reach out to more hospitals, food joints, and educational institutions. November 2018: Diversey Inc. launched its one-step cleaner, ready-to-use deodorizer and disinfectant called SureTouch. It contains hydrogen peroxide and was approved by the Environmental Protection Agency (EPA) for effectively cleaning the facilities. Fortune Business Insights™ lists out the names of all the surface disinfectant manufacturers operating in the global market. They are as follows: 3M (U.S.) The Proctor & Gamble Company(U.S.) Kimberley-Clark Corporation(U.S.) SC Johnson Professional(U.S.) The Clorox Company(U.S.) Ecolab (U.S.) Metrex Research LLC(U.S.) Reckitt Benckiser (U.K.) Diversey Inc.(U.S.) STERIS plc (Ireland) Whiteley Corporation (Australia) Other Key Players
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    Surface Disinfectant Market Size, Industry Share, Growth Rate, 2032
    The global surface disinfectant market size is projected to reach USD 1,547.7 million by 2027, exhibiting a CAGR of 9.1% during the forecast period
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  • The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.

    Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515

    How is This Report Developed?

    We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends.

    Drivers & Restraints-

    Increasing Need to Manufacture Automotive Gaskets to Aid Growth

    People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future.

    Segment-

    Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles

    Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles.

    Regional Insights-

    Surging Demand for Luxury Vehicles to Accelerate Growth in Europe

    In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth.

    In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles.

    Competitive Landscape-

    Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19

    The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments:

    August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers.
    May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic.
    A list of all the renowned thermoplastic elastomers producers operating in the market:

    Arkema SA (Colombes, France)
    Covestro AG (Leverkusen, Germany)
    Evonik Industries AG (Essen, Germany)
    Teknor APEX Company (Rhode Island, U.S.)
    BASF SE (Ludwigshafen, Germany)
    Huntsman Corporation (Texas, U.S.)
    Sinopec Group (Beijing, China)
    Lubrizol Corporation (Ohio, U.S.)
    Kraton Corporation (Texas, U.S.)
    Tosoh Corporation (Tokyo, Japan)
    Other Key Players
    The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Drivers & Restraints- Increasing Need to Manufacture Automotive Gaskets to Aid Growth People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Competitive Landscape- Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19 The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments: August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers. May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic. A list of all the renowned thermoplastic elastomers producers operating in the market: Arkema SA (Colombes, France) Covestro AG (Leverkusen, Germany) Evonik Industries AG (Essen, Germany) Teknor APEX Company (Rhode Island, U.S.) BASF SE (Ludwigshafen, Germany) Huntsman Corporation (Texas, U.S.) Sinopec Group (Beijing, China) Lubrizol Corporation (Ohio, U.S.) Kraton Corporation (Texas, U.S.) Tosoh Corporation (Tokyo, Japan) Other Key Players
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Thermoplastic Elastomer Market Size, Growth Rate, Report, 2032
    The global thermoplastic elastomer market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.
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