𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐚𝐧𝐝 𝐒𝐡𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 16.1 million with a CAGR of 9.3% till 2030. Air coolers, also known as evaporative coolers or swamp coolers, are devices designed to cool indoor or outdoor spaces by utilizing the natural process of evaporation. These appliances typically consist of a fan, a water reservoir, and porous pads or filters. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 : 𝐒𝐩𝐚𝐜𝐞-𝐒𝐚𝐯𝐢𝐧𝐠 𝐃𝐞𝐬𝐢𝐠𝐧𝐬 𝐟𝐨𝐫 𝐔𝐫𝐛𝐚𝐧 𝐋𝐢𝐯𝐢𝐧𝐠 : With most Singaporeans living in compact apartments and housing units, portable and space-saving air cooler designs are in high demand. Consumers value cooling appliances that are easy to move and fit seamlessly into smaller living spaces. 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 : As Singapore places strong emphasis on sustainability and green living, air coolers have gained traction due to their minimal environmental impact. Unlike traditional air conditioners, they do not use harmful refrigerants, aligning with government policies promoting eco-friendly technologies. 𝐑𝐢𝐬𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐒𝐦𝐚𝐫𝐭 𝐚𝐧𝐝 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 : Air coolers with advanced features such as remote controls, IoT connectivity, and smart sensors are increasingly popular among Singapore’s tech-savvy population. These features provide convenience and improve the user experience, driving demand for modern, feature-rich cooling solutions. https://www.nextmsc.com/report/singapore-air-coolers-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐒𝐰𝐞𝐝𝐞𝐧 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐡𝐞 𝐒𝐰𝐞𝐝𝐞𝐧 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 size is predicted to reach USD 250.0 million at a CAGR of 8.3% till 2030. The real estate industry constitutes a multifaceted market involving the acquisition, development, and management of residential and commercial properties. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 : 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐆𝐫𝐨𝐰𝐭𝐡 : Continued migration to urban centers like Stockholm, Gothenburg, and Malmö is driving demand for residential and commercial real estate, with a focus on multi-family housing. 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 : The Swedish real estate market is leading in green building practices, emphasizing energy-efficient construction and environmentally friendly developments supported by strong government policies. 𝐑𝐢𝐬𝐢𝐧𝐠 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐏𝐫𝐢𝐜𝐞𝐬 : Limited housing supply, especially in metropolitan areas, is contributing to increasing property prices, with demand significantly outpacing construction rates. https://www.nextmsc.com/report/sweden-real-estate-market

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐡𝐞 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 size is predicted to reach USD 4742.1 Million at a CAGR of 7.6% till 2030. The growing population across the region is driving the demand for housing and infrastructure, thereby boosting the real estate market. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 : 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐨𝐥𝐢𝐜𝐲 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 : Varying real estate regulations and government policies across countries impact market dynamics and investment confidence. 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐓𝐫𝐚𝐧𝐬𝐢𝐭-𝐎𝐫𝐢𝐞𝐧𝐭𝐞𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 : Proximity to transport hubs is becoming a key consideration for residential and commercial real estate development. 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐞𝐧𝐢𝐨𝐫 𝐋𝐢𝐯𝐢𝐧𝐠 𝐒𝐩𝐚𝐜𝐞𝐬 : Aging populations in markets like Japan and Australia are driving demand for senior-friendly residential developments. https://www.nextmsc.com/report/asia-pacific-real-estate-market

𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 4.01 billion with a CAGR of 17.0% till 2030.Increasing adoption of EVs in Thailand is fuelling the growth of battery market in the country. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐒𝐡𝐢𝐟𝐭 𝐭𝐨 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 : The Thai government is promoting the adoption of electric vehicles as part of its long-term strategy to reduce carbon emissions and decrease dependence on fossil fuels. As a result, the demand for batteries, particularly lithium-ion (Li-ion) batteries, has surged. 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐟𝐨𝐫 𝐄𝐕𝐬 : Government policies, such as tax rebates and incentives for EV manufacturing, have made electric vehicles more affordable for consumers, further driving battery demand. 𝐃𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐄𝐕 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 : Major automotive manufacturers, both local and international (e.g., Toyota, Nissan, and Ford), are shifting production toward electric vehicles, necessitating a reliable and scalable battery supply. https://www.nextmsc.com/report/thailand-battery-market

𝐌𝐞𝐱𝐢𝐜𝐨 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐚𝐧𝐝 𝐁𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤𝐢𝐧𝐠 𝐌𝐞𝐱𝐢𝐜𝐨 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach 𝐔𝐒𝐃 𝟏𝟑.𝟒𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐𝟐.𝟔% 𝐭𝐢𝐥𝐥 𝟐𝟎𝟑𝟎. A battery functions as a reservoir for storing energy which it later releases by converting chemical energy into electrical energy. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐄𝐕) 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 Mexico is experiencing a growing shift towards electric vehicles (EVs), driven by both government policies and increasing consumer demand for more sustainable transportation options. 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 Mexico is investing heavily in renewable energy, particularly in solar power, due to its high potential for solar energy generation. https://www.nextmsc.com/report/mexico-battery-market

𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 114.11 billion with a CAGR of 15.4% till 2030. North America consists of countries such as the U.S., Canada, and Mexico. Factors such as rise in focus on sustainable development and increase in awareness about the adverse effects of using traditional automobiles are driving the battery market in this region. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐁𝐨𝐨𝐦 𝐢𝐧 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐄𝐕) 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 : Electric vehicles (EVs) are a major driver of growth in the North American battery market. With increasing government incentives, tighter emissions regulations, and growing consumer demand for sustainable transportation, the need for lithium-ion (Li-ion) batteries is surging. 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 : Government policies in North America are increasingly supportive of the transition to clean energy solutions. This includes a strong push for electric vehicles (EVs), energy storage systems, and renewable energy integration. https://www.nextmsc.com/report/north-america-battery-market

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐑𝐨𝐛𝐨𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐑𝐨𝐛𝐨𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟔.𝟎𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 with a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟖.𝟖% 𝐭𝐢𝐥𝐥 𝟐𝟎𝟑𝟎 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: Strong government policies and subsidies aimed at promoting agricultural automation and advancing technology adoption across the region. 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞: Increasing use of agricultural robots to improve efficiency, reduce waste, and enhance crop yields through precision farming techniques. 𝐋𝐚𝐛𝐨𝐮𝐫 𝐒𝐡𝐨𝐫𝐭𝐚𝐠𝐞𝐬 𝐚𝐧𝐝 𝐃𝐞𝐦𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜 𝐒𝐡𝐢𝐟𝐭𝐬: Labour shortages in rural areas, coupled with an aging farmer population, are driving the demand for automation and robotics in agriculture. https://www.nextmsc.com/report/asia-pacific-agriculture-robots-market

The global graphene market size was valued at USD 269.6 million in 2021. The market is projected to grow from USD 337.0 million in 2022 to USD 2,172.2 million by 2029, exhibiting a CAGR of 30.5% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Graphene Market, 2022-2029.” Information Source - https://www.fortunebusinessinsights.com/graphene-market-102930 Segments: GO Segment to Gain Momentum due to Increasing Applications from Various End-use Industries Based on product, the market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others. GNP accounted for the largest market share in 2021 and is expected to continue its dominance until 2029. Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material In terms of end-use industry, the market is classified into electronics, aerospace & defense, automotive, energy, and others. Graphene is revolutionizing the aerospace industry as it improves the functionality of the coatings and composites used in planes, drones, helicopters, and spaceships manufacturing. Geographically, the market is segregated into North America Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage: The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights, which guide business owners with their investment perspective. Drivers and Restraints: Growing Product Penetration in the Electronics Industry to Aid Growth Owing to it exceptionally high thermal and electrical conductivity and its lightweight nature, it is preferably suitable for electronics applications. The electrons in this allotrope of carbon have higher mobility, and therefore speed up more when applied on an electric field, as compared to semiconductors that are extensively employed in electronic devices, including silicon. Owing to these properties, it produces more proficient devices that function faster than traditional substitutes while using less power. Regional Insights: Asia Pacific to Dominate Backed by Favorable Government Policies Asia Pacific held the largest graphene market share and is anticipated to dominate the market during the forecast period, owing to favorable policies by the government, academic research, and funding in the region. The market in the North America region is estimated to witness significant growth, owing to growing demand from the aerospace and energy industries, as well as high demand for eco-friendly, strong, efficient, and lightweight goods, driving the graphene market growth in the region. The market in Europe is anticipated to witness a significant growth rate and may continue its dominance during the forecast period owing to increasing investments in R&D activities. Competitive Landscape: Partnerships among Companies to Secure their Brand Values in Global Market Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users. Key Industry Development: July 2022: Graphenea and Grapheal joined forces to quicken study on biosensors with GraphLAB, a graphene-based product. GraphLAB is a next-gen assessment method for protein disease and screening detection. List of Key Players Mentioned in the Report: Haydale Graphene Industries plc (U.K.) Graphenea (U.S.) ACS Material (U.S.) XG Sciences (U.S.) Global Graphene Group (U.S.) Applied Graphene Materials (U.K.) Grolltex Inc (U.S.) Directa Plus S.p.A (Italy) NanoXplore Inc. (Canada) Thomas Swan & Co. Ltd. (K.) First Graphene (Australia) Talga Group (Australia) Graphite Central (U.S.)

The global graphene market size was valued at USD 269.6 million in 2021. The market is projected to grow from USD 337.0 million in 2022 to USD 2,172.2 million by 2029, exhibiting a CAGR of 30.5% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Graphene Market, 2022-2029.” Information Source - https://www.fortunebusinessinsights.com/graphene-market-102930 Segments: GO Segment to Gain Momentum due to Increasing Applications from Various End-use Industries Based on product, the market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others. GNP accounted for the largest market share in 2021 and is expected to continue its dominance until 2029. Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material In terms of end-use industry, the market is classified into electronics, aerospace & defense, automotive, energy, and others. Graphene is revolutionizing the aerospace industry as it improves the functionality of the coatings and composites used in planes, drones, helicopters, and spaceships manufacturing. Geographically, the market is segregated into North America Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage: The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights, which guide business owners with their investment perspective. Drivers and Restraints: Growing Product Penetration in the Electronics Industry to Aid Growth Owing to it exceptionally high thermal and electrical conductivity and its lightweight nature, it is preferably suitable for electronics applications. The electrons in this allotrope of carbon have higher mobility, and therefore speed up more when applied on an electric field, as compared to semiconductors that are extensively employed in electronic devices, including silicon. Owing to these properties, it produces more proficient devices that function faster than traditional substitutes while using less power. Regional Insights: Asia Pacific to Dominate Backed by Favorable Government Policies Asia Pacific held the largest graphene market share and is anticipated to dominate the market during the forecast period, owing to favorable policies by the government, academic research, and funding in the region. The market in the North America region is estimated to witness significant growth, owing to growing demand from the aerospace and energy industries, as well as high demand for eco-friendly, strong, efficient, and lightweight goods, driving the graphene market growth in the region. The market in Europe is anticipated to witness a significant growth rate and may continue its dominance during the forecast period owing to increasing investments in R&D activities. Competitive Landscape: Partnerships among Companies to Secure their Brand Values in Global Market Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users. Key Industry Development: July 2022: Graphenea and Grapheal joined forces to quicken study on biosensors with GraphLAB, a graphene-based product. GraphLAB is a next-gen assessment method for protein disease and screening detection. List of Key Players Mentioned in the Report: Haydale Graphene Industries plc (U.K.) Graphenea (U.S.) ACS Material (U.S.) XG Sciences (U.S.) Global Graphene Group (U.S.) Applied Graphene Materials (U.K.) Grolltex Inc (U.S.) Directa Plus S.p.A (Italy) NanoXplore Inc. (Canada) Thomas Swan & Co. Ltd. (K.) First Graphene (Australia) Talga Group (Australia) Graphite Central (U.S.)

The global asphalt market is expected to gain traction from the ongoing technological advancements taking place in the mixing plants. Besides, several manufacturers are focusing on developing state-of-the-art solutions to fulfill industry requirements and consumer demand worldwide. This information is given by Fortune Business Insights™ in a recently published report, titled, “Asphalt Market Size, Share & Industry Analysis, By Product (Paving, Roofing, and Others), By Application (Roadways, Waterproofing, Recreation, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the asphalt market size stood at USD 222.0 million in 2019 and is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/asphalt-market-102998 This Report Answers the Following Questions: What are the significant market growth drivers and obstacles? Which segment is set to lead the market in terms of share? How will the companies cope up with the current outbreak of the coronavirus infection? What are the crucial strategies adopted by companies to intensify competition? Drivers & Restraints- Rising Need for Protecting Buildings from Harsh Weather to Drive Growth The frequently changing climatic conditions are affecting the infrastructures. Hence, consumers are becoming more aware of the same. Apart from this, the rising concerns about global warming are starting to influence several consumers to use novel technologies for preventing the structures from extreme weather conditions. It is, in turn, resulting in the high demand for roofing to protect new and aging structures. Asphalt is nowadays increasingly utilized in applications such as waterproofing and recreation. Waterproofing is necessary for avoiding dampness, leakages, decay, molds, and mildew in buildings. However, many people are gradually inclining towards cement roadways from bitumen roads. It may hamper the asphalt market growth in the coming years. Segment- Roadway Segment to Dominate Fueled by Expansion of Construction Industry In terms of application, the market is segregated into recreation, waterproofing, roadways, and others. Amongst these, the recreation segment generated 17.4% in 2019 in terms of asphalt market share. This growth is attributable to the rising population worldwide. The roadways segment is anticipated to dominate stoked by the expansion of the construction industry. However, owing to the present pandemic, the construction industry may decline in 2020, but start growing once again in the forthcoming years. Regional Analysis- Asia Pacific to Remain at the Forefront Stoked by Rapid Urbanization Asia Pacific is set to grow considerably in the coming years because of the presence of a well-established construction sector in this region. The developing nations, such as India, China, and South Korea are the major contributors to growth. Industry consolidations and rapid urbanization in these countries would also affect the market positively. However, COVID-19 pandemic has reduced the growth rate. As per our research, Hong Kong’s construction industry recently laid off approximately 50,000 employees on account of the disruptions in the supply of labor and raw material from China. In 2019, North America, on the other hand, procured USD 65.43 million in terms of revenue. This growth is attributable to the rising trend of maintenance of highways and roadways, as well as the recreation of residential buildings. Coupled with these, favorable government policies, rising construction activities, and robust economic growth are anticipated to drive the demand for asphalt in this region. Competitive Landscape- Key Companies Focus on Bagging Orders from Other Enterprises to Surge Sales The global market is highly fragmented with the presence of numerous big, medium, and small-sized companies globally. They are persistently adopting the strategies of investment, gaining new projects, mergers & acquisitions, collaborations, and others. Below is one of the most recent industry developments: March 2020: CEMEX, a renowned provider of building materials, recently supplied more than 25,000 tonnes of asphalt to RAF Coningsby, a Quick Reaction Alert Stations in the U.K. It protects the UK airspace. CEMEX helped in meeting the complex asphalt specifications provided by the Ministry of Defence. Fortune Business Insights™ presents a list of all the asphalt manufacturers operating in the global market. They are as follows: Solaris Bus & Coach S.A ŠKODA ELECTRIC A.S. Hometown Trolley Astra Bus Gomaco Trolley Co. Molly Corporation Salzburg AG Pandrol BPSWA INC. Bohdan Corporation ZF Friedrichshafen AG Kiepe Electric GmbH New Flyer of America Inc. Dina Yutong Carrosserie HESS AG