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The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years. The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, titled “Flexitank Market Size, Share & Industry Analysis, By Reusability (Single Use and Reusable), By Product (Monolayer and Multilayer), By Loading Type (Top Loading and Bottom Loading), By Application (Food-Grade Liquids [Alcoholic Beverages; Edible Oils; Juices, Concentrates, and Syrups; and Others], Non-Hazardous Liquid Chemicals, and Pharmaceutical Liquids), and Regional Forecast, 2020-2027,” the market was worth USD 439.3 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2019-2026. Information Source- https://www.fortunebusinessinsights.com/flexitank-market-103047 The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking maximum efforts to curb the spread and minimize the adverse effects. As a result, several businesses have been forced to shut down. Due to social distancing practices, there is hesitancy among business vendors as well as working professionals across the world. The Covid-19 pandemic has had a huge adverse effect across several industries. The report will include the impact of the Covid-19 pandemic on the global market. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic. Flexitank is a lightweight disposable bladder that is normally made out of plastic. The product is normally used for shipping of non-hazardous liquid materials that is transported through shipping containers. The advancements in the materials used in manufacture of flexitank will lead to a wider product adoption. The increasing applications of the product are attributable to the favorable properties of the material used in manufacturing. The stringent guidelines associated with the use of this product, set by organizations such as the Containers Owners Association (COA) will ensure safety of the product, subsequently leading to a wider product adoption across the world. The growing investment in R&D of the material associated with flexitank will contribute to the growth of the market in the coming years. Additionally, the presence of several large scale companies will emerge in favor of market growth. Increasing Regulatory Approvals will Help Companies Generate Huge Revenues The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of regulatory approvals has made the highest impact on market growth. In November 2019, SIA Flexitanks got approval from the Canadian CN Rail network and Norfolk Southern Rail network for shipping of flexitanks. SIA already has shipping approvals from CSX and BNSF rail networks and this approval will help the company expand its transportation over other regions. These approvals will open new territories and markets for the company and subsequently generate massive revenues in the coming years. SIA’s approval from CN and NSR networks will not just benefit the company but will also have a direct impact on the growth of the overall market in the coming years. The report highlights a few of the other industry developments, similar to this and discusses their impact on market growth. Asia Pacific to Emerge Dominant; Increasing Food and Chemical Manufacturing Hubs Will Aid Growth The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of food as well as chemical manufacturing units in several countries across this region will have a direct impact on the growth of the regional market. Additionally, the increasing efforts put in import as well as export activities will create several opportunities for market growth. As of 2019, the market in Asia Pacific was worth USD 245.42 million and this value is projected to increase further in the coming years. The market in North America will also witness considerable growth driven by the increasing transport activities for liquid chemicals through rail-based containers. List of companies profiled in the report: Qingdao BLT Packing Industrial Co., Ltd. (China) Qingdao LET Flexitank Co., Ltd. (China) LiquA Europe SLU (Spain) Qingdao LAF Packaging Co., Ltd. (China) LSM SA (Argentina) UWL Inc. (U.S.) FTS Container Packaging Co., Ltd. (China) SIA Flexitanks (Ireland, USA, Malaysia) BeFlexi (Cyprus) Hinrich Industries (Malaysia) TIBA (Spain) Flexible World Company Ltd. (Vietnam) Flexitank Group (Spain) Hillebrand (Germany) Braidco (UK) Rishi FIBC Solutions Pvt. Ltd.(India) VTG Tanktianer GmbH (Germany) Other Key Players

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The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years. The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, titled “Flexitank Market Size, Share & Industry Analysis, By Reusability (Single Use and Reusable), By Product (Monolayer and Multilayer), By Loading Type (Top Loading and Bottom Loading), By Application (Food-Grade Liquids [Alcoholic Beverages; Edible Oils; Juices, Concentrates, and Syrups; and Others], Non-Hazardous Liquid Chemicals, and Pharmaceutical Liquids), and Regional Forecast, 2020-2027,” the market was worth USD 439.3 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2019-2026. Information Source- https://www.fortunebusinessinsights.com/flexitank-market-103047 The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking maximum efforts to curb the spread and minimize the adverse effects. As a result, several businesses have been forced to shut down. Due to social distancing practices, there is hesitancy among business vendors as well as working professionals across the world. The Covid-19 pandemic has had a huge adverse effect across several industries. The report will include the impact of the Covid-19 pandemic on the global market. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic. Flexitank is a lightweight disposable bladder that is normally made out of plastic. The product is normally used for shipping of non-hazardous liquid materials that is transported through shipping containers. The advancements in the materials used in manufacture of flexitank will lead to a wider product adoption. The increasing applications of the product are attributable to the favorable properties of the material used in manufacturing. The stringent guidelines associated with the use of this product, set by organizations such as the Containers Owners Association (COA) will ensure safety of the product, subsequently leading to a wider product adoption across the world. The growing investment in R&D of the material associated with flexitank will contribute to the growth of the market in the coming years. Additionally, the presence of several large scale companies will emerge in favor of market growth. Increasing Regulatory Approvals will Help Companies Generate Huge Revenues The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of regulatory approvals has made the highest impact on market growth. In November 2019, SIA Flexitanks got approval from the Canadian CN Rail network and Norfolk Southern Rail network for shipping of flexitanks. SIA already has shipping approvals from CSX and BNSF rail networks and this approval will help the company expand its transportation over other regions. These approvals will open new territories and markets for the company and subsequently generate massive revenues in the coming years. SIA’s approval from CN and NSR networks will not just benefit the company but will also have a direct impact on the growth of the overall market in the coming years. The report highlights a few of the other industry developments, similar to this and discusses their impact on market growth. Asia Pacific to Emerge Dominant; Increasing Food and Chemical Manufacturing Hubs Will Aid Growth The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of food as well as chemical manufacturing units in several countries across this region will have a direct impact on the growth of the regional market. Additionally, the increasing efforts put in import as well as export activities will create several opportunities for market growth. As of 2019, the market in Asia Pacific was worth USD 245.42 million and this value is projected to increase further in the coming years. The market in North America will also witness considerable growth driven by the increasing transport activities for liquid chemicals through rail-based containers. List of companies profiled in the report: Qingdao BLT Packing Industrial Co., Ltd. (China) Qingdao LET Flexitank Co., Ltd. (China) LiquA Europe SLU (Spain) Qingdao LAF Packaging Co., Ltd. (China) LSM SA (Argentina) UWL Inc. (U.S.) FTS Container Packaging Co., Ltd. (China) SIA Flexitanks (Ireland, USA, Malaysia) BeFlexi (Cyprus) Hinrich Industries (Malaysia) TIBA (Spain) Flexible World Company Ltd. (Vietnam) Flexitank Group (Spain) Hillebrand (Germany) Braidco (UK) Rishi FIBC Solutions Pvt. Ltd.(India) VTG Tanktianer GmbH (Germany) Other Key Players

The global marine lubricants market size is anticipated to reach USD 9.47 billion by 2026 owing to the increasing need to protect engines from corrosion. This information is provided by a published report by Fortune Business Insights™. The title of the report is, “Marine Lubricants Market Size, Share & Industry Analysis, By Product (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Others; By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 8.01 billion in 2018 and will rise at a CAGR of 2.13% during the forecast period, 2019 to 2026. The report provides a 360-degree overview of the market, focusing on major growth parameters such as drivers, restraints, challenges, trends, and opportunities. It also offers the competitive landscape of the market and list of leading players. Segmentation of the market based on factors such as product, ship type, and regions is discussed in the report. Apart from this, key industry developments and other interesting insights are provided in the marine lube market report. The report is available for sale on the company website. Information Source https://www.fortunebusinessinsights.com/industry-reports/marine-lubricants-market-100423 Drivers – Rising Focus on Enhancing the Operability of Ship Engines will Drive Market The rise in fuel prices has propelled shipping companies to operate engines at maximum levels by slow steaming and save fuel. However, marine engines are incapable of operating at reduced rates continuously and this raises the possibility of corrosion in the engine and its associated strained components. For ensuring proper and safe functioning of engines, marine lubricants are a necessity. The above factor stands as a major driver for the marine lubricants market growth. Additionally, the rise in trade relations between nations and the expansion of e-commerce overseas are also helping the market gain impetus. Furthermore, analysts at Fortune Business Insights™ say “Focus on keeping machines and marine vessels free from corrosion will help the market gain traction in the forecast period. This, coupled with the advent of bio-based lubricants in the market, will create lucrative growth opportunities for the market in the long run.” Regional Analysis – Increasing Trade Relations between Developing Nations to Help Asia Pacific Continue Dominance in Market Asia Pacific holds the majority portion of the marine lubricants market share on account of the presence of large ship fleet companies in the region. These include China Shipping Container Lines, China Ocean Shipping Company, Mitsui O.S.K. Lines, among others. As per the report by The United Nations Conference on Trade and Development (UNCTAD), around 50% of the ships across the world are owned by Asia Pacific Nations. Additionally, the presence of dry docks in this region is high and this also adds to the regional market growth. Furthermore, increasing trade relations between emerging nations such as Taiwan, China, and India, coupled with the rise in the number of naval vessels, will help augment the regional market in the forecast period. On the other side, the market in North America held a single-digit share earning revenue of USD 3.41 Billion in 2018. This was due to the presence of a few ship owners in the region. However, with a steady increase in trade, this region will witness moderate growth in the foreseeable future. Competitive Landscape – Companies Engage in Contracts and Agreements to Stay Ahead of Competition An estimate of 85% and more of marine lubricants worldwide are sold through supply agreements and contracts instead of being sold at stock price rates. Therefore, to strengthen their network across different ports for worldwide supply, manufacturers are emphasizing on entering into long-term contracts and agreements with shipping companies. For instance, a framework agreement was signed between CCCC Dredging (Group) Co. Ltd. and Shell for supplying marine lubricants and technical services via 700 ports and more in 61 nations across the globe. Notable Marine Lube Market Manufacturers: BP p.l.c. SINOPEC Repsol S.A. The PJSC Lukoil Oil Company Eni oil Products Exxon Mobil Corporation Croda International Plc AvinOil S.A. Total SA CEPSA Royal Dutch Shell Plc Gazprom Neft PJSC Chevron Corporation Others

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The global marine lubricants market size is anticipated to reach USD 9.47 billion by 2026 owing to the increasing need to protect engines from corrosion. This information is provided by a published report by Fortune Business Insights™. The title of the report is, “Marine Lubricants Market Size, Share & Industry Analysis, By Product (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Others; By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 8.01 billion in 2018 and will rise at a CAGR of 2.13% during the forecast period, 2019 to 2026. The report provides a 360-degree overview of the market, focusing on major growth parameters such as drivers, restraints, challenges, trends, and opportunities. It also offers the competitive landscape of the market and list of leading players. Segmentation of the market based on factors such as product, ship type, and regions is discussed in the report. Apart from this, key industry developments and other interesting insights are provided in the marine lube market report. The report is available for sale on the company website. Information Source https://www.fortunebusinessinsights.com/industry-reports/marine-lubricants-market-100423 Drivers – Rising Focus on Enhancing the Operability of Ship Engines will Drive Market The rise in fuel prices has propelled shipping companies to operate engines at maximum levels by slow steaming and save fuel. However, marine engines are incapable of operating at reduced rates continuously and this raises the possibility of corrosion in the engine and its associated strained components. For ensuring proper and safe functioning of engines, marine lubricants are a necessity. The above factor stands as a major driver for the marine lubricants market growth. Additionally, the rise in trade relations between nations and the expansion of e-commerce overseas are also helping the market gain impetus. Furthermore, analysts at Fortune Business Insights™ say “Focus on keeping machines and marine vessels free from corrosion will help the market gain traction in the forecast period. This, coupled with the advent of bio-based lubricants in the market, will create lucrative growth opportunities for the market in the long run.” Regional Analysis – Increasing Trade Relations between Developing Nations to Help Asia Pacific Continue Dominance in Market Asia Pacific holds the majority portion of the marine lubricants market share on account of the presence of large ship fleet companies in the region. These include China Shipping Container Lines, China Ocean Shipping Company, Mitsui O.S.K. Lines, among others. As per the report by The United Nations Conference on Trade and Development (UNCTAD), around 50% of the ships across the world are owned by Asia Pacific Nations. Additionally, the presence of dry docks in this region is high and this also adds to the regional market growth. Furthermore, increasing trade relations between emerging nations such as Taiwan, China, and India, coupled with the rise in the number of naval vessels, will help augment the regional market in the forecast period. On the other side, the market in North America held a single-digit share earning revenue of USD 3.41 Billion in 2018. This was due to the presence of a few ship owners in the region. However, with a steady increase in trade, this region will witness moderate growth in the foreseeable future. Competitive Landscape – Companies Engage in Contracts and Agreements to Stay Ahead of Competition An estimate of 85% and more of marine lubricants worldwide are sold through supply agreements and contracts instead of being sold at stock price rates. Therefore, to strengthen their network across different ports for worldwide supply, manufacturers are emphasizing on entering into long-term contracts and agreements with shipping companies. For instance, a framework agreement was signed between CCCC Dredging (Group) Co. Ltd. and Shell for supplying marine lubricants and technical services via 700 ports and more in 61 nations across the globe. Notable Marine Lube Market Manufacturers: BP p.l.c. SINOPEC Repsol S.A. The PJSC Lukoil Oil Company Eni oil Products Exxon Mobil Corporation Croda International Plc AvinOil S.A. Total SA CEPSA Royal Dutch Shell Plc Gazprom Neft PJSC Chevron Corporation Others

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