• MEMS Electronic Oscillators Market Size, Share, Trends, Analysis, and Forecast 2024-2031

    The MEMS Electronic Oscillators market report examines the competitive environment, product market sizing, product benchmarking, market trends, product advancements, financial analysis, strategic analysis, and other aspects to discover the market's driving forces and opportunities. Readers, vendors, distributors, producers, stakeholders, service providers, and anybody else interested in analyzing and studying this business will find the market research beneficial.
    Along with details on the major geographic regions, the overview, category, definition, and scope of the global MEMS Electronic Oscillators market report are all provided. Every facet of the market is investigated in this study. For greater clarity and the development of successful strategies based on segment demand, the market was also divided in the research report.

    Market Segmentation
    At the end of the projected period, a sizable increase in the global market is predicted. According to the market analysis, this industry will experience significant growth over the course of the forecast year. Based on type, application, and geography, the world market for keywords is segmented into three groups. This market offers several qualitative and quantitative sector market analyses as well as information on the clientele of various organizations.
    cause the sector to advance.
    Get Sample Copy of this Report @ https://www.snsinsider.com/sample-request/1368

    Regional Outlook
    The Asia Pacific MEMS Electronic Oscillators market is set to grow significantly due to economic expansion, especially in China and India, alongside a robust presence of semiconductor and electronics firms in Taiwan, China, South Korea, and Japan. Meanwhile, the North American market is poised for healthy growth driven by strong R&D support, financial backing, and widespread adoption of advanced technologies across industries, including a rise in consumer electronics sales.
    As for Discount on This Exclusive Report @ https://www.snsinsider.com/discount/1368

    Key Takeaways from the MEMS Electronic Oscillators Market Report
    • A thorough examination of how competitive the global MEMS Electronic Oscillators market is.

    • A quantitative and qualitative examination of market sizes and values on a global scale.

    • To analyze the global market, use industrial analysis techniques like Porter's five forces and SWOT analysis.

    • Companies from North America, Asia-Pacific, Latin America, the Middle East and Africa, and Europe are profiled.
    Key Questions Answered in MEMS Electronic Oscillators Market Report
    • Which region in the worldwide market is expected to generate the greatest revenue?

    • What are the sales, earnings, and price assessments of the major manufacturers on the international market?

    • What growth rate, development velocity, or acceleration is the market anticipated to experience throughout the forecasted period?

    • How will trends, roadblocks, and restrictions affect the market's size and growth?

    Buy This Report @ https://www.snsinsider.com/checkout/1368

    Key Objectives of MEMS Electronic Oscillators Market Report
    • The study considers each manufacturer's shipment, pricing, gross profit, interview notes, sales, and corporate dispersion.

    • Along with price information, the research also provides market size, volume, and value for every continent and country.

    • The market research also contains information on segments, such as type, market, and channel segments. It also shows the volume and value of the markets in each region.

    • Insights on the strategies of the leading players operating in the target market and their recent activities driving their market success.

    KEY PLAYERS:
    The key players in Global MEMS Electronic Oscillators Market are IQD, TXC, IDT, Eclipteck, Seiko Epson, Sand9, Silicon Labs, SiTime, Vectron, Abracon, and Micrel, Discera, NXP and others

    Contact Us
    Akash Anand – Head of Business Development & Strategy
    info@snsinsider.com
    Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

    MEMS Electronic Oscillators Market Size, Share, Trends, Analysis, and Forecast 2024-2031 The MEMS Electronic Oscillators market report examines the competitive environment, product market sizing, product benchmarking, market trends, product advancements, financial analysis, strategic analysis, and other aspects to discover the market's driving forces and opportunities. Readers, vendors, distributors, producers, stakeholders, service providers, and anybody else interested in analyzing and studying this business will find the market research beneficial. Along with details on the major geographic regions, the overview, category, definition, and scope of the global MEMS Electronic Oscillators market report are all provided. Every facet of the market is investigated in this study. For greater clarity and the development of successful strategies based on segment demand, the market was also divided in the research report. Market Segmentation At the end of the projected period, a sizable increase in the global market is predicted. According to the market analysis, this industry will experience significant growth over the course of the forecast year. Based on type, application, and geography, the world market for keywords is segmented into three groups. This market offers several qualitative and quantitative sector market analyses as well as information on the clientele of various organizations. cause the sector to advance. Get Sample Copy of this Report @ https://www.snsinsider.com/sample-request/1368 Regional Outlook The Asia Pacific MEMS Electronic Oscillators market is set to grow significantly due to economic expansion, especially in China and India, alongside a robust presence of semiconductor and electronics firms in Taiwan, China, South Korea, and Japan. Meanwhile, the North American market is poised for healthy growth driven by strong R&D support, financial backing, and widespread adoption of advanced technologies across industries, including a rise in consumer electronics sales. As for Discount on This Exclusive Report @ https://www.snsinsider.com/discount/1368 Key Takeaways from the MEMS Electronic Oscillators Market Report • A thorough examination of how competitive the global MEMS Electronic Oscillators market is. • A quantitative and qualitative examination of market sizes and values on a global scale. • To analyze the global market, use industrial analysis techniques like Porter's five forces and SWOT analysis. • Companies from North America, Asia-Pacific, Latin America, the Middle East and Africa, and Europe are profiled. Key Questions Answered in MEMS Electronic Oscillators Market Report • Which region in the worldwide market is expected to generate the greatest revenue? • What are the sales, earnings, and price assessments of the major manufacturers on the international market? • What growth rate, development velocity, or acceleration is the market anticipated to experience throughout the forecasted period? • How will trends, roadblocks, and restrictions affect the market's size and growth? Buy This Report @ https://www.snsinsider.com/checkout/1368 Key Objectives of MEMS Electronic Oscillators Market Report • The study considers each manufacturer's shipment, pricing, gross profit, interview notes, sales, and corporate dispersion. • Along with price information, the research also provides market size, volume, and value for every continent and country. • The market research also contains information on segments, such as type, market, and channel segments. It also shows the volume and value of the markets in each region. • Insights on the strategies of the leading players operating in the target market and their recent activities driving their market success. KEY PLAYERS: The key players in Global MEMS Electronic Oscillators Market are IQD, TXC, IDT, Eclipteck, Seiko Epson, Sand9, Silicon Labs, SiTime, Vectron, Abracon, and Micrel, Discera, NXP and others Contact Us Akash Anand – Head of Business Development & Strategy info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
    0 Comments 0 Shares 3972 Views
  • The Medical Polyoxymethylene (POM) market, a cornerstone in the realm of medical plastics, has witnessed significant growth, with a valuation of USD 186.4 Mn in 2022. Forecasts predict a steady rise, reaching USD 236.67 Mn by 2029, boasting a CAGR of 3.47%. Let's delve into the expansive landscape of Medical POM, exploring its applications, dynamics, challenges, and the promising opportunities it holds for the future of healthcare.

    Access a Free Sample Report: https://www.maximizemarketresearch.com/request-sample/218836

    Medical Polyoxymethylene Market Overview: Engineering Precision for Healthcare
    Medical Polyoxymethylene, colloquially known as acetal or polyacetal, stands as a high-performance engineering plastic revered for its prowess in diverse medical applications. Renowned for its blend of attributes—high strength, stiffness, chemical resistance, low friction, and dimensional stability—Medical POM finds its niche across various medical domains. Its applications range from medical devices and catheters to dental components and diagnostic equipment.

    Driving Forces: Mechanical Excellence and Biocompatibility
    Precision and Endurance in Medical Equipment
    The global Medical POM market is propelled by the remarkable mechanical features of POM, such as high strength, stiffness, and resistance to wear. This makes it an ideal choice for medical equipment demanding precision and endurance, including surgical instruments, orthopedic implants, and drug delivery systems.

    Biocompatibility Fuels Implants and Surgical Equipment
    Biocompatibility, a hallmark of POM, reduces the risk of adverse reactions when in contact with bodily tissues. Consequently, it has become a preferred material for implants and surgical equipment, addressing the persistent demand in fields like orthopedics and drug delivery systems.

    Challenges: Environmental Concerns and Cost Dynamics
    Environmental Impact and Non-Biodegradability
    Despite its mechanical prowess, POM faces hurdles due to environmental concerns. Being non-biodegradable, the disposal of POM contributes to plastic waste, raising sustainability issues. This poses challenges as healthcare industries increasingly prioritize eco-friendly solutions.

    Cost Sensitivity in Healthcare Industries
    The relatively higher price of POM compared to alternative materials becomes a significant factor, especially in cost-sensitive healthcare industries. As financial considerations come under scrutiny, the efficiency of POM-based solutions is questioned, necessitating a balance between cost-effectiveness and performance.

    Opportunities: Innovations and Sustainability Initiatives
    Innovation in Miniaturization and Personalization
    The evolving landscape of medical devices, emphasizing innovation and miniaturization, presents a significant avenue for POM. Its mechanical qualities and biocompatibility position it as a prime contender for crafting delicate parts for cutting-edge medical technology.

    Sustainability Initiatives: Towards Eco-Friendly POM
    Sustainability initiatives offer a golden opportunity for the market. Manufacturers can explore bio-based or recyclable POM formulations, addressing plastic waste concerns while retaining POM's desired properties. Collaborations between POM producers and the medical sector can lead to tailored solutions designed for specific medical needs.

    Know More About The Report: https://www.maximizemarketresearch.com/market-report/medical-polyoxymethylene-market/218836/

    Regional Dynamics: Asia-Pacific Leading the Charge
    Asia-Pacific: Engine of Growth
    The Asia-Pacific region dominates the Medical POM market, holding the largest market share in 2022. The expansion is fueled by increasing healthcare infrastructure, rising healthcare costs, and a surge in awareness of cutting-edge medical treatments. Nations like China, Japan, and South Korea, at the forefront of technological breakthroughs, drive demand for POM in precision tools and implants.

    Europe: Innovation Hub and Regulatory Standards
    Europe, characterized by a focus on innovation and quality assurance, showcases a strong demand for high-performance materials like POM. Strict regulatory standards, sophisticated healthcare infrastructure, and well-established medical research contribute to the significant market share. POM's advantages align with the trend toward minimally invasive procedures and precision medical equipment.

    Medical Polyoxymethylene Market Key players
    1. Celanese Corporation 2. DuPont 3. Ensinger 4. BASF SE 5. SABIC 6. Mitsubishi Engineering-Plastics Corporation 7. Kolon Plastics, Inc. 8. Ticona Engineering Polymers 9. RTP Company 10. Westlake Plastics Company 11. PolyOne Corporation 12. Daicel Corporation 13. Formosa Plastics Corporation 14. Quadrant Engineering Plastics Products 15. PlastiComp, Inc. 16. Lehmann & Voss & Co. 17. Solvay S.A. 18. Saint-Gobain Performance Plastics 19. Nylacast 20. A. Schulman, Inc.


    Explore our top-performing reports:

    Manuka Honey Market https://www.maximizemarketresearch.com/market-report/manuka-honey-market/217559/
    Next Generation Contact Lenses Market https://www.maximizemarketresearch.com/market-report/next-generation-contact-lenses-market/217570/


    Contact Maximize Market Research:

    3rd Floor, Navale IT Park, Phase 2

    Pune Banglore Highway, Narhe,

    Pune, Maharashtra 411041, India

    sales@maximizemarketresearch.com

    +91 96071 95908, +91 9607365656

    About Maximize Market Research:

    Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
    The Medical Polyoxymethylene (POM) market, a cornerstone in the realm of medical plastics, has witnessed significant growth, with a valuation of USD 186.4 Mn in 2022. Forecasts predict a steady rise, reaching USD 236.67 Mn by 2029, boasting a CAGR of 3.47%. Let's delve into the expansive landscape of Medical POM, exploring its applications, dynamics, challenges, and the promising opportunities it holds for the future of healthcare. Access a Free Sample Report: https://www.maximizemarketresearch.com/request-sample/218836 Medical Polyoxymethylene Market Overview: Engineering Precision for Healthcare Medical Polyoxymethylene, colloquially known as acetal or polyacetal, stands as a high-performance engineering plastic revered for its prowess in diverse medical applications. Renowned for its blend of attributes—high strength, stiffness, chemical resistance, low friction, and dimensional stability—Medical POM finds its niche across various medical domains. Its applications range from medical devices and catheters to dental components and diagnostic equipment. Driving Forces: Mechanical Excellence and Biocompatibility Precision and Endurance in Medical Equipment The global Medical POM market is propelled by the remarkable mechanical features of POM, such as high strength, stiffness, and resistance to wear. This makes it an ideal choice for medical equipment demanding precision and endurance, including surgical instruments, orthopedic implants, and drug delivery systems. Biocompatibility Fuels Implants and Surgical Equipment Biocompatibility, a hallmark of POM, reduces the risk of adverse reactions when in contact with bodily tissues. Consequently, it has become a preferred material for implants and surgical equipment, addressing the persistent demand in fields like orthopedics and drug delivery systems. Challenges: Environmental Concerns and Cost Dynamics Environmental Impact and Non-Biodegradability Despite its mechanical prowess, POM faces hurdles due to environmental concerns. Being non-biodegradable, the disposal of POM contributes to plastic waste, raising sustainability issues. This poses challenges as healthcare industries increasingly prioritize eco-friendly solutions. Cost Sensitivity in Healthcare Industries The relatively higher price of POM compared to alternative materials becomes a significant factor, especially in cost-sensitive healthcare industries. As financial considerations come under scrutiny, the efficiency of POM-based solutions is questioned, necessitating a balance between cost-effectiveness and performance. Opportunities: Innovations and Sustainability Initiatives Innovation in Miniaturization and Personalization The evolving landscape of medical devices, emphasizing innovation and miniaturization, presents a significant avenue for POM. Its mechanical qualities and biocompatibility position it as a prime contender for crafting delicate parts for cutting-edge medical technology. Sustainability Initiatives: Towards Eco-Friendly POM Sustainability initiatives offer a golden opportunity for the market. Manufacturers can explore bio-based or recyclable POM formulations, addressing plastic waste concerns while retaining POM's desired properties. Collaborations between POM producers and the medical sector can lead to tailored solutions designed for specific medical needs. Know More About The Report: https://www.maximizemarketresearch.com/market-report/medical-polyoxymethylene-market/218836/ Regional Dynamics: Asia-Pacific Leading the Charge Asia-Pacific: Engine of Growth The Asia-Pacific region dominates the Medical POM market, holding the largest market share in 2022. The expansion is fueled by increasing healthcare infrastructure, rising healthcare costs, and a surge in awareness of cutting-edge medical treatments. Nations like China, Japan, and South Korea, at the forefront of technological breakthroughs, drive demand for POM in precision tools and implants. Europe: Innovation Hub and Regulatory Standards Europe, characterized by a focus on innovation and quality assurance, showcases a strong demand for high-performance materials like POM. Strict regulatory standards, sophisticated healthcare infrastructure, and well-established medical research contribute to the significant market share. POM's advantages align with the trend toward minimally invasive procedures and precision medical equipment. Medical Polyoxymethylene Market Key players 1. Celanese Corporation 2. DuPont 3. Ensinger 4. BASF SE 5. SABIC 6. Mitsubishi Engineering-Plastics Corporation 7. Kolon Plastics, Inc. 8. Ticona Engineering Polymers 9. RTP Company 10. Westlake Plastics Company 11. PolyOne Corporation 12. Daicel Corporation 13. Formosa Plastics Corporation 14. Quadrant Engineering Plastics Products 15. PlastiComp, Inc. 16. Lehmann & Voss & Co. 17. Solvay S.A. 18. Saint-Gobain Performance Plastics 19. Nylacast 20. A. Schulman, Inc. Explore our top-performing reports: Manuka Honey Market https://www.maximizemarketresearch.com/market-report/manuka-honey-market/217559/ Next Generation Contact Lenses Market https://www.maximizemarketresearch.com/market-report/next-generation-contact-lenses-market/217570/ Contact Maximize Market Research: 3rd Floor, Navale IT Park, Phase 2 Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India sales@maximizemarketresearch.com +91 96071 95908, +91 9607365656 About Maximize Market Research: Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
    0 Comments 0 Shares 25997 Views
  • The global caustic soda market is set to gain momentum from its increasing usage as a water treatment chemical. It can absorb water and carbon dioxide and surge its pH level. This information is given by Fortune Business Insights™ in a new report, titled, “Caustic Soda Market Size, Share & COVID-19 Impact Analysis, By Application (Organics, Alumina, Soaps, Water Treatment, Food, Inorganics, Paper & Pulp, and Others), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 44,959.2 million in 2019 and is projected to reach USD 55,557.7 million by 2027, exhibiting a CAGR of 3.1% during the forecast period.

    Information Source - https://www.fortunebusinessinsights.com/caustic-soda-market-104711

    What Does This Report Contain?

    This report includes in-depth information associated with change in material usage, new product launches, and technological advancements. It provides market dynamics based on various factors, such as opportunities, challenges, drivers, hindrances, and dynamics. At the same time, it will deliver a complete insight from the supply side respondents related to market share, distribution, and size.

    Drivers & Restraints-

    Increasing Demand from Building & Construction Industry to Aid Growth

    The International Aluminum Institute declared that in 2019, the total alumina production was 131,910 thousand metric tons. Sodium hydroxide is considered to be a significant ingredient for alumina production. It is therefore mainly demanded by containers & packaging, transportation, and building & construction industries. Besides, the usage of hybrid cars is set to surge in the upcoming years because of their ability to enhance fuel economy. The metal can also reduce the weight of vehicles. These factors are set to propel the caustic soda market growth in the near future. However, caustic soda is highly corrosive which can cause severe damage to eyes. It may hinder growth.

    Segment-

    Organics Segment to Remain at the Forefront Stoked by Usage in Ceramics and Paints

    Based on the application, the organics segment generated the largest caustic soda market share in 2019. This growth is attributable to the increasing usage of this inorganic soda in the manufacturing of ceramics, glass, and paints. It is also used in the production of cosmetics and fuel cells.

    Regional Insights-

    Rising Government Subsidies to Favor Growth in Asia Pacific

    Geographically, Asia Pacific held USD 25,280.17 million in terms of revenue in 2019. The region would lead the market throughout the forthcoming years on account of the increasing consumer spending, interest rates, construction activities, and government subsidies. In 2019, Europe and North America procured more than 25% of the global market. In the U.S., prominent manufacturers have started inclining rapidly towards membrane technology from diaphragm or mercury cell process.

    Competitive Landscape-

    Key Players Focus on Acquisition Strategy to Gain a Competitive Edge

    The global market is fragmented with the presence of a large number of prominent companies operating domestically and internationally. Most of them are striving to gain a competitive edge by acquiring local firms. Some of the others are increasing prices of sodium hydroxide to fulfil the high demand. Below are the two latest industry developments:

    March 2020: Brenntag acquired the distribution business of Suffolk Solutions, Inc. It will help the former to enhance its position in the Eastern U.S. and strengthen its supply chain.
    February 2020: OxyChem surged the price of caustic soda to $40/dst. Economic slowdowns in Europe and China have resulted in tremendous pressure on the price of this chemical compound. It has also increased the demand from numerous sectors.
    A list of all the renowned caustic soda manufacturers operating in the global market:

    Olin Corporation (Clayton, Missouri, United States)
    Tata Chemicals Limited (India)
    Aditya Birla Chemicals (India) Limited (India)
    Gujarat Alkalies and Chemical Limited (India)
    Occidental Petroleum Corporation (OXY) (Houston, Texas, United States)
    Formosa Plastics Corporation (Taiwan)
    PPG Industries (Pittsburgh, Pennsylvania, United States)
    Xinjiang Zhongtai Chemical Co., Ltd. (China)
    Hanwha Chemical (South Korea)
    Brenntag North America, Inc. (North America)
    Other Key Players
    The global caustic soda market is set to gain momentum from its increasing usage as a water treatment chemical. It can absorb water and carbon dioxide and surge its pH level. This information is given by Fortune Business Insights™ in a new report, titled, “Caustic Soda Market Size, Share & COVID-19 Impact Analysis, By Application (Organics, Alumina, Soaps, Water Treatment, Food, Inorganics, Paper & Pulp, and Others), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 44,959.2 million in 2019 and is projected to reach USD 55,557.7 million by 2027, exhibiting a CAGR of 3.1% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/caustic-soda-market-104711 What Does This Report Contain? This report includes in-depth information associated with change in material usage, new product launches, and technological advancements. It provides market dynamics based on various factors, such as opportunities, challenges, drivers, hindrances, and dynamics. At the same time, it will deliver a complete insight from the supply side respondents related to market share, distribution, and size. Drivers & Restraints- Increasing Demand from Building & Construction Industry to Aid Growth The International Aluminum Institute declared that in 2019, the total alumina production was 131,910 thousand metric tons. Sodium hydroxide is considered to be a significant ingredient for alumina production. It is therefore mainly demanded by containers & packaging, transportation, and building & construction industries. Besides, the usage of hybrid cars is set to surge in the upcoming years because of their ability to enhance fuel economy. The metal can also reduce the weight of vehicles. These factors are set to propel the caustic soda market growth in the near future. However, caustic soda is highly corrosive which can cause severe damage to eyes. It may hinder growth. Segment- Organics Segment to Remain at the Forefront Stoked by Usage in Ceramics and Paints Based on the application, the organics segment generated the largest caustic soda market share in 2019. This growth is attributable to the increasing usage of this inorganic soda in the manufacturing of ceramics, glass, and paints. It is also used in the production of cosmetics and fuel cells. Regional Insights- Rising Government Subsidies to Favor Growth in Asia Pacific Geographically, Asia Pacific held USD 25,280.17 million in terms of revenue in 2019. The region would lead the market throughout the forthcoming years on account of the increasing consumer spending, interest rates, construction activities, and government subsidies. In 2019, Europe and North America procured more than 25% of the global market. In the U.S., prominent manufacturers have started inclining rapidly towards membrane technology from diaphragm or mercury cell process. Competitive Landscape- Key Players Focus on Acquisition Strategy to Gain a Competitive Edge The global market is fragmented with the presence of a large number of prominent companies operating domestically and internationally. Most of them are striving to gain a competitive edge by acquiring local firms. Some of the others are increasing prices of sodium hydroxide to fulfil the high demand. Below are the two latest industry developments: March 2020: Brenntag acquired the distribution business of Suffolk Solutions, Inc. It will help the former to enhance its position in the Eastern U.S. and strengthen its supply chain. February 2020: OxyChem surged the price of caustic soda to $40/dst. Economic slowdowns in Europe and China have resulted in tremendous pressure on the price of this chemical compound. It has also increased the demand from numerous sectors. A list of all the renowned caustic soda manufacturers operating in the global market: Olin Corporation (Clayton, Missouri, United States) Tata Chemicals Limited (India) Aditya Birla Chemicals (India) Limited (India) Gujarat Alkalies and Chemical Limited (India) Occidental Petroleum Corporation (OXY) (Houston, Texas, United States) Formosa Plastics Corporation (Taiwan) PPG Industries (Pittsburgh, Pennsylvania, United States) Xinjiang Zhongtai Chemical Co., Ltd. (China) Hanwha Chemical (South Korea) Brenntag North America, Inc. (North America) Other Key Players
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Caustic Soda Market Size, Growth & Analysis Report [2027]
    The global caustic soda market size was USD 44,959.2 million in 2019 and is projected to reach USD 55,557.7 million by 2027, exhibiting a CAGR of 3.1% during the forecast period.
    0 Comments 0 Shares 19301 Views
  • 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
    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
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Asphalt Market Size, Share, Growth | Global Industry Trends, 2027
    The global asphalt market size is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period
    0 Comments 0 Shares 13646 Views
Sponsored