Allied Market Research published a report, titled, “Compostable Plastic Market by Type (Home Compostable Plastic [BioPBS FD92, BWC BF 90A, Ecopond Flex 162], and others), and by Application (Compostable cutlery, Compostable bag, Compostable straw, Compostable gloves, Compostable cup (cold cup), Compostable tray/dish): Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global compostable plastic industry generated $991.2 million in 2019, and is expected to reach $3.10 billion by 2027, portraying a CAGR of 15.4% from 2020 to 2027.

Surge in adoption of compostable plastics due to its eco-friendly nature, increase in demand in food packaging applications, and supportive government policies drive the growth of the global compostable plastic market. However, expensive nature of compostable plastic hinders the market growth. On the other hand, declining dependency on petroleum resources and surge in corporate social responsibility (CSR) activities create new opportunities in the coming years.

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COVID-19 Scenario

• With safety measures becoming essential in sectors such as packaging and food & beverages in which probability of transmission of COVID-19 is high, usage of compostable plastic has been increased considerably.
• Consumers have been giving preference to compostable plastic packaging over conventional plastic packaging to maintain safety and save the environment.
• Retailers and physical store owners have been offering compostable gloves to customers during shopping as a preventive measure as the lockdown restrictions have been lifted off.

The home compostable plastic segment to grow the fastest through 2027:

By type, the home compostable plastic segment is estimated to witness the fastest CAGR of 17.5% from 2020 to 2027, owing to its non-toxic properties and rapid decomposition into water, carbon dioxide, and biomass. However, the others segment contributed to the highest share of the global compostable plastic market in 2019, holding nearly four-fifths of the total share, and will continue its lead position during the forecast period. This is due to high penetration of compostable bioplastics over petroleum-based plastics in different industrial applications.

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The compostable bag segment to maintain the highest revenue contribution by 2027:

By application, the compostable bag segment held the largest market share of the global compostable plastic market in 2019, contributing to nearly half of the total share, and is estimated to maintain the highest contribution throughout the forecast period. This is due to increase in demand for eco-friendly bags in supermarket and online shopping stores. However, the compostable gloves segment would witness the largest CAGR of 16.1% during the forecast period. This is due to rise in application of compostable gloves in the food and bakery industries.

Europe, followed by North America, to maintain its leadership status during the forecast period:

Based on region, Europe, followed by North America, accounted for the largest share, contributing for nearly three-fifths of the total share of the global compostable plastic market in 2019, and will maintain its lead status during the forecast period. This is due to rise in application of compostable plastics in packaging of vegetables and fruits in the region. However, LAMEA is estimated to portray at the largest CAGR of 18.3% from 2020 to 2027, owing to huge number of imports from Asia-pacific and North America regions and expansion of manufacturing facilities.

Market players grabbing largest pie

• BASF SE
• Novamont S.p.A.
• Dow Inc.
• Natureworks
• Plantic
• Biome Technologies plc
• Corbion N.V.
• Eastman Chemical Company
• Mitsubishi Chemical Holdings
• Danimer Scientific

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 Allied Market Research published a research report on the liquid packaging market. The findings of the report states that the global market for liquid packaging generated $331.8 billion in 2019, and is projected to reach $463.2 billion by 2027, witnessing a CAGR of 4.5% from 2020 to 2027. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides insights on drivers, restrains, and opportunities to help market players in devising growth strategies and capitalizing on opportunities. Increase in demand for fast-moving consumer goods (FMCG), rise in online food delivery services, and adoption of lightweight & sustainable packaging drive the growth of the global liquid packaging market. On the other hand, increase in concerns related to recyclability & disposability of plastic packaging products and strict government regulations impede the market growth. However, emergence of nano-food packaging and inclination toward renewable and innovative packaging solutions present new opportunities in the industry.

“The growing demand for food & beverage, cosmetic products, consumer goods, and healthcare products are the biggest drivers of the global liquid packaging market. Manufacturers of liquid packaging collaborate with leading beverage makers to design and develop innovative packaging solutions. Liquid packaging as a primary packaging is useful in establishing a brand and creating its own identity among potential consumers. In addition, proclivity of consumers toward sustainable as well as convenient packaging drive the development of light-weight reusable & recyclable liquid packaging.” said Eswara Prasad, the Manager, Chemical and Material at Allied Market Research.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the liquid packaging market globally. It is helpful for market players, new entrants, and investors in terms of determining new strategies as per the current scenario and improvising the business model for the next few years. The outbreak of the pandemic gave way to rise in the trend of online grocery shopping and accordingly, there has been a steep increase in the demand for liquid packaging. Also, surge in use of hand washers and sanitizers has led to growing need to manufacture liquid packaging materials.

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The report offers detailed segmentation of the global liquid packaging market based on materials, technology, packaging format, end user, and region.  These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

By material type, the plastic segment contributed to the major share in 2019, accounting for more than one-third of the global liquid packaging market, and is expected to maintain its lead position during the forecast period. Simultaneously, the paperboard segment is estimated to witness the highest CAGR of 5.6% from 2020 to 2027.

By packaging type, the rigid segment held nearly two-thirds of the total market revenue in 2019, and would lead the trail by 2027. At the same time, the flexible segment is anticipated to cite the fastest CAGR of 5.8% from 2020 to 2027.

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By region, the region across North America would cite the fastest CAGR of 5.4% throughout the forecast period. At the same time, Asia-Pacific held nearly two-fifths of the total share of the global liquid packaging market, and would retain its dominance by the end of 2027.

Leading market players of the global liquid packaging market analyzed in the report include Berry Global, Constantia Flexibles, Goglio S.p.A., MONDI Plc, ProAmpac, Reynolds Group Holdings Ltd., Amcor Limited, Sealed Air Corporation, Tetra Laval, Gerresheimer AG,  SIG Combibloc Group Ltd., Smurfit Kappa, and Sonoco Products Company.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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 According to the report published by Allied Market Research, Saudi Arabia aluminum market generated $1.7 billion in 2018, and is expected to garner $2.4 billion by 2026, growing at a CAGR of 6.8% from 2019 to 2026. The report offers a detailed analysis of changing market trends, market size & estimations, top investment pockets, key segments, and business performance.

Development of the transport industry, technological developments, and supportive government regulations drive the growth of the Saudi Arabia aluminum market. However, developing China and Russia aluminum industry hinder the market growth. On the other hand, surge in focus on recycling and reusing aluminum scrap create new opportunities in the next few years.

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Based on processing method, the extrusion segment contributed to nearly one-third of the total share in 2018, and is estimated to maintain its dominant position in terms of revenue during the forecast period. However, the casting segment is expected to portray the highest CAGR of 7.8% from 2019 to 2026. The research also analyzes segments including forging, pigments & powder, rods & bar, and flat rolled.

Based on series, the series 1 segment contributed to the highest market share with more than one-fifth of the total share in 2018, and is estimated to maintain its lead status throughout the forecast period. On the other hand, the series 7 segment would witness the largest CAGR of 8.5% from 2019 to 2026. The report also analyzes segments such as series 2, series 3, series 4, series 5, series 6, series 8, and series 9.

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Based on end-use industry, the electrical segment accounted for the largest market share with more than one-fourth of the total market share in 2018, and is expected to maintain its largest contribution by 2026. However, the foil & packaging segment is estimated to maintain the highest CAGR of 7.3% from 2019 to 2026. The research also analyzes segments such as building & construction, transportation, industrial, consumer durable, and others.

Leading market players analyzed in the research include Aboura Metals, Al TaiseerAluminium Company, Al Saudia metal scrap trading LLC, Aluminum Product Company (Alupco), Alcoa Corporation, Nesma Recycling Co. Ltd., Maaden – Saudi Arabian Mining Company, Star Steel Factory Co. Ltd., Saudi Aluminium Recycling Company Ltd., and Tawfiq Al Saleh Trad. Co.

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 Allied Market Research published a report, titled, “Textile Dyes Market by Dye Type (Direct, Reactive, VAT, Basic, Acid, Disperse, Solvent, Mordant, and Others), Fiber Type (Wool, Nylon, Cotton, Viscose, Silk, Acryl, Polymer, and Others), and Application (Yarn Dyeing, Garment Dyeing, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global textile dyes industry was estimated at $9.45 billion in 2018 and is expected to hit $15.5 billion by 2026, registering a CAGR of 6.3% from 2019–2026.

Drivers, restraints and opportunities-

Rise in production of textiles in developing countries to meet the increasing consumer demand, low cost of labor, and surge in population are the factors, boosting the growth of the global textile dyes industry. On the other hand, implementation of various health & environment regulations towards the use of textile dyes restrains the growth to some extent. Nevertheless, development of new processes that minimizes the water wastage is expected to usher in a number of opportunities in the near future.

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The disperse segment to rule the roost till 2026-

Based on dye type, the disperse segment accounted for one-fourth of the global textile dyes market revenue in 2018, and is expected to retain its dominance by the end of 2026. Factors like ease of use, overall low cost, and less water requirement fuel the segment growth. The reactive segment, on the other hand, would grow at the fastest CAGR of 7.2% during 2019–2026, owing to its beneficial features such as bright shades, ease of application, quick-drying properties, cost-effectiveness, and others.

The polyester segment to dominate during the estimated period-

Based on fiber type, the polyester segment contributed to nearly half of the global textile dyes market share in 2018, and is anticipated to lead the trail by 2026. This is attributed to the numerous advantages it provides such as high strength, weather-resistant, high elasticity, and others. Simultaneously, the acrylic segment would showcase the fastest CAGR of 7.3% throughout the forecast period. Rise in demand for fibers in yarns for the manufacturing of apparel and household textiles propels the growth of the segment.

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Asia-Pacific, followed by Europe and North America, to remain lucrative during the study period-

Based on geography, Asia-Pacific, followed by Europe and North America, garnered the major market share in 2018, holding more than two-fifths of the global textile dyes market. The same region would also cite the fastest CAGR of 6.9% from 2019 to 2026. The growth is driven by the development in manufacturing sectors, improvement in economic conditions, and increase in population in the province.

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Frontrunners in the industry-

• Shanxi Linfen Dyeing Chemicals (Group) Co. Ltd.
• Archroma
• Colourtex,Dalian Dyestuffs & Chemicals
• Hangzhou Dikai Chemical Co. Ltd.
• Huntsman International LLC
• Anoky Co. Ltd.
• Jay Chemical Industries Ltd.
• Kiri Dyes and Chemicals Ltd.
• Xuzhou Amer International Trading Co. Ltd

 Allied Market Research recently published a report, titled, “Technical Ceramics Market by Material (Oxide and Non-Oxide), Product (Monolithic Ceramics, Ceramic Coatings, and Ceramic Matrix Composites), and End-use Industry (Electronics & Semiconductor, Automotive, Energy & Power, Industrial, Medical, Military & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” As per the report, the global technical ceramics industry was estimated at $8.03 billion in 2018 and is anticipated to register $13.09 billion by 2026, registering a CAGR of 6.2% during the period 2019 to 2026.

Drivers, restraints, & opportunities-

Rise in demand from several end-use industries and emergence of technical ceramics as a substitute to metal drive the growth of the global technical ceramics market. On the other hand, high energy costs for manufacturing technical ceramics impede the growth to some extent. However, development in electronics & semiconductor manufacturing in APAC and rapid growth of ceramics in healthcare industry are expected to usher in a number of opportunities in the industry.

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The oxide segment garnered the lion’s share in 2018-

Based on material, the oxide segment accounted for more than three-fifths of the global technical ceramics market revenue in 2018, and is projected to rule the roost during 2019–2026. This is attributed to the high demand for alumina in electronics and electrical, automotive, energy and utility, and other industries. The non-oxide segment, on the other hand, would cite the fastest CAGR of 6.5% during the forecast period. Being an excellent abrasive material, these ceramics are increasingly used in grinding wheels application, which has boosted the segment growth.

The monolithic ceramics segment to lead the trail by 2026-

Based on product, the monolithic ceramics segment held the major share in 2018, generating more than two-thirds of the global technical ceramics market. The demand for monolithic ceramics was on the rise on account of drastic changes in the sales of consumer electronics such as laptops, smartphones, television, cameras etc. which has driven the growth of the segment. At the same time, the ceramic matrix composites segment would showcase the fastest CAGR of 6.8% throughout the study period. This is due to ceramic matrix composites (CMC) are advanced ceramic that exhibits a combination of properties such as relatively higher strength at elevated temperature, good corrosion and erosion behaviors, higher stiffness and toughness, high corrosion resistant power, and others.

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Asia-Pacific, followed by North America, to dominate-

Based on geography, Asia-Pacific contributed to more than one-fourth of the global technical ceramics market share in 2018, and is expected to rule the roost by the end of 2026. Asia-Pacific has the presence of several established industries such as automotive, electronics and electricals, and energy & power, which collectively increases demand for technical ceramics in the province. Simultaneously, North America would register the fastest CAGR of 6.7% till 2026. Rise in adoption of technical ceramics in medical, and military & defense industries in the region has fueled the market growth.

Frontrunners in the industry-

• Albemarle Corporation
• Saint-Gobain S.A
• KYOCERA Corporation
• KCC CORPORATION
• Rauschert GmbH
• McDanel Advanced Ceramic Technologies
• Morgan Advanced Materials plc and 3M
• NGK Spark Plug Co., Ltd.
• CoorsTek Inc.

• Mitsubishi Chemical Holdings Corporation
• PPG Industries Inc.
• DuPont
• Solvay
• SABIC
• Sumitomo Bakelite Co. Ltd.
• Toray Industries Inc.
• Röchling
• Hexcel Corporation
• SGL Carbon

 Cumene Market Report, published by Allied Market Research, forecasts that the global market was valued at $16,330 million in 2015, and is expected to reach $25,089 million by 2022, supported by a CAGR of 6.5% during the forecast period 2016 to 2022. The phenol/acetone segment accounted for the highest share in the global market in 2015.

 Allied Market Research published a report, titled, "Powder Coatings Market by Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray and Fluidized Bed), and Application (Appliances, Automotive, Architectural, Furniture, Agriculture, Construction & Earthmoving Equipment (ACE), General Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global powder coatings industry garnered $9.8 billion in 2018, and is estimated to reach $15.0 billion by 2026, witnessing a CAGR of 5.4% during the forecast period, 2019–2026.

Drivers, restraints, and opportunities-

Rise in adoption of powder coatings over liquid coatings, supporting environmental regulations, surge in demand for appliances, and booming construction industry drive the growth of the global power coatings market. On the other hand, difficulty in the application of thin coats impedes the growth to some extent. However, rapid economic growth in emerging countries is expected to pave the way for a number of opportunities in the industry.

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Detailed segmentation-

Based on resin type, the report bifurcates the market into thermoset and thermoplastic. The thermoset segment garnered the major share in 2018, holding 92% of the global powder coatings market. The segment is also expected to dominate during the forecast period.

Based on coating method, the market is categorized into Electrostatic Spray and Fluidized Bed. The electrostatic spray segment held the largest global powder coatings market share in 2018 and is anticipated to retain its top position by the end of 2026.

Based on application, the market is divided into Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, and Others. The automotive segment accounted for nearly one-fifth of the global powder coatings market share and is projected to rule the roost by 2026.

Based on geography, the Asia-Pacific region, followed by North America, accounted for nearly three-fifths of the global powder coatings market revenue and is predicted to lead the trail throughout the study period. The same segment is also expected to grow at the fastest CAGR of 5.8% during 2019–2026. The report also analyzes the regions across North America, Europe and LAMEA.

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Key players in the industry-

• Akzo Nobel N.V.
• Tiger Coatings
• Kansai Nerolac Paints Limited
• IFS Coatings
• Sherwin Williams
• Axalta Coating Systems
• BASF SE, Berger Paints
• PPG Industries
• The Valspar Corporation

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 Allied Analytics :According to a new report published by Allied Market Research titled, Asia-Pacific Cleanroom Disposable Gloves Market by Material Type and End User: Opportunity Analysis and Industry Forecast, 2019 2026,the market accounted for revenue of $804.1 million in 2018 and is anticipated to generate $1,512.4 million by 2026. The market is projected to grow at a CAGR of 8.1% from 2019 to 2026.

Cleanroom disposable gloves form an essential part of maintaining hygienic conditions, ensuring security of patients and caregiver, and safeguarding against infections. These are used while performing diagnostic tests to ensure safety of the personnel. The usage of gloves minimizes the possibility of infection due to blood flow, pathogens, and other external factors. The adoption of disposable medical gloves has been a prerequisite for medical applications globally.

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The Asia-Pacific cleanroom disposable gloves market is expected to be heading toward expansion phase during the forecast period. Factors that propel the market growth include increase in demand from semiconductors industry in countries such as India, China, Japan, Korea, and Vietnam. Developing countries, specifically East Asian Countries, have siphoned semiconductor manufacturing away from the U.S., through industrial policy, tax incentives and advance technology with low-cost labor. Furthermore, the market is also driven by their requirement in medical and surgical applications to ensure safety and hygiene. In addition, the rise in number of end users, such as healthcare and pharma industries, is anticipated to supplement the market growth. However, volatility in prices of raw materials and high cost associated with installation of cleanroom spaces are some of the significant factors expected to hamper the market during the forecast period. In addition, allergic reaction from certain gloves is also expected to hamper the market growth.

India is expected to be the fastest growing country, due to rise in demand for cleanroom disposable gloves from semiconductor industry and hospitals.

The Asia-Pacific cleanroom disposable gloves market analysis covers in-depth information of major industry participants. The key players operating and profiled in the market include Ansell Ltd., Hartalega Holdings Berhad, Supermax Corporation Berhad, Kossan Rubber Industries Ltd.; Rubberex Corporation Berhad, Top Glove Corporation Bhd, Adventa Berhad, Cardinal Health, Inc., Dynarex Corporation, and Semperit AG Holding.Other players in the value chain of the this market include Dia Rubber Co. Ltd.; Asiatic Fiber Corporation, Woojin ACT Co. Ltd.; Kimberly-Clark Corporation, Riverstone Holdings Ltd.; Careplus Group Berhad, UG Healthcare Corporation, Nitritex Limited, Valutek, and Jiujiang Haorui Industry Trade Co. Ltd.

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Key Findings of the Asia-Pacific Cleanroom Disposable Gloves Market:

The market is forecasted from 2019 to 2026, considering 2018 as the base year The market is projected to grow at a highest CAGR of nearly 8.1%, in terms of revenue, during the forecast period The Neoprene segment is anticipated to witness fastest growth rate of 8.7%, in terms of revenue, during the forecast period China dominated the market with a revenue share of over 34.0% in 2018 The Asia-Pacific cleanroom disposable market trends are analyzed across China, Japan, South Korea, Philippines, Vietnam, Taiwan, India, Malaysia, and rest of Asia-Pacific The Asia-Pacific cleanroom disposable gloves market share has been analyzed across all segments A comprehensive analysis of the factors that drive and restrain the Asia-Pacific cleanroom disposable gloves market growth is provided An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves The qualitative data in this report aims at the market dynamics, trends, and developments in the Asia-Pacific cleanroom disposable gloves industry. The quantitative data provides the Asia-Pacific cleanroom disposable gloves market size in terms of revenue and volume

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 Allied Market Research published a report, titled, "Hydraulic Fluids Market by Type of Base Oil (Mineral Oil, Synthetic Oil, and Bio-based Oil), and End-Use Industry (Oil & Gas, Automotive, Marine, Aerospace & defense, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global hydraulic fluids industry garnered $9.1 billion in 2019, and is estimated to generate $12.4 billion by 2027, manifesting a CAGR of 6.8% from 2020 to 2027.

Prime determinants of growth

Surge in production of automotive, increase in popularity of mineral hydraulic fluids, and enhanced industrial infrastructure worldwide fuel the growth of the global hydraulic fluids market. However, fluctuating raw material prices restrain the market growth. On the other hand, increase in bio-based hydraulic oil production presents new opportunities in the next few years.

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Covid-19 Scenario

• Industrial and transportation activities have been lessened due to lockdown implemented across various countries. This caused shortage of raw materials. As production activities have been hindered, the prices of crude oil have been lowered.
• The demand for hydraulic fluids from various end-use industries such as automotive, oil & gas, construction, and others took the plunge during the lockdown as operations were shut down in these industries. However, the demand would increase as operations begin in full capacity.

The mineral oil segment to maintain its lead position during the forecast period

Based on type of base oil, the mineral oil segment accounted for the highest market share in 2019, contributing to more than three-fourths of the global hydraulic fluids market, and will maintain its lead position during the forecast period. This is attributed to increase in usage in heavy-duty commercial vehicles and railways. However, the bio-based oil segment is expected to witness the fastest CAGR of 8.8% from 2020 to 2027, owing to inclination towards biodegradable products.  

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The oil & gas segment to maintain its leadership status throughout the forecast period

Based on end-use industry, the oil & gas segment accounted for the highest share in 2019, holding more than two-fifths of the global hydraulic fluids market, and will maintain its leadership status throughout the forecast period. Moreover, this segment is projected to portray the fastest CAGR of 7.1% from 2020 to 2027. This is due to extensive utilization in gas and steam turbines and gas compressors along with surge in overall industrial output.

Asia-Pacific to offer lucrative opportunities, North America to grow steadily

Based on region, Asia-Pacific held the highest market share in 2019, contributing to around two-fifths of the total share, and will continue its dominance in terms of revenue throughout the forecast period. Moreover, this region is expected to witness the highest CAGR of 7.0% during the forecast period. This is attributed to huge number of manufacturing facilities and relatively lower price of vehicles in comparison to developed regions such as North America and Europe. In addition, huge automotive production & sales in China and established automotive industry in countries such as Indonesia, Japan, and India supplement the growth. However, North America is expected to register the second-highest CAGR of 6.9% from 2020 to 2027.

Leading Market Players

• Royal Dutch Shell plc.
• Exxon Mobil Corporation
• Dow
• BP p.l.c
• BASF SE
• Total S.A.
• Eastman Chemical Company
• LUKOIL Marine Lubricants DMCC
• Sinopec Limited
• Chevron Corporation

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According to the report published by Allied Market Research, the global Silicone in heavy machinery industry garnered $1.2 billion in 2019 and is anticipated to reach $1.9 billion by 2027, growing at a CAGR of 5.5% during the forecast period. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Enhanced properties of liquid silicone rubber and easy processing of LSR augment the growth of the global Silicone in heavy machinery market. Nevertheless, non-recyclable nature of liquid silicone rubber impede the growth to certain extent. On the other hand, growth in demand for silicone rubber in wind energy sector is expected to usher a number of opportunities in the near future.

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Covid-19 Scenarios-

• Global Silicone in heavy machinery market has witnessed a temporary downfall.
• The declined demand in the power sector all across the globe and temporary delay in upcoming power plant projects have further disrupted the market.

The global silicone in heavy machinery market is segmented on the basis of product type, component, and region. Based on product type, the elastomers segment contributed to more than two-fifths of the global silicone in heavy machinery market share in 2019 and is expected to dominate during the study period. On the other hand, the fluids segment would grow at the fastest CAGR of 6.0% by 2027.

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Based on component, the switchgear segment accounted for nearly two-thirds of the global silicone in heavy machinery market revenue in 2019 and is expected to rule the roost during the forecast period. In addition, the same segment would cite the fastest CAGR of 4.7% throughout 2027.

Based on geography, the Asia-Pacific and Europe region garnered the major share in 2019, holding nearly one-third of the global silicone in heavy machinery market. In addition, the Asia-Pacific region is also anticipated to register the fastest CAGR of 5.8% during 2020 to 2027. The report also studies the market across LAMEA and North America region.

The key players profiled in the report include Dow inc., Shin-Etsu Silicone, KCC Silicon, Zhejiang XinAn Chemical Industrial Group Co Ltd, Avantor, Stockwell Elastomerics, Wacker Chemie AG, Elkem Silicones, and Momentive Performance Materials Inc.

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 According to the report published by Allied Market Research, the Europe LDPE and LLDPE industry generated $10.4 billion in 2019, and is expected to reach $16.8 billion by 2027, witnessing a CAGR of 6.1% from 2020 to 2027. The report provides a detailed analysis of changing market trends, market size & estimations, key winning segments, top segments, value chain, and competitive scenario.

Rise in demand from the packaging industry and increase in demand for LDPE and LLDPE films from the agricultural industry drive the growth of the Europe LDPE and LLDPE market. However, the ban on single-use plastic bags by 2022 would restrain the market growth. On the other hand, integration of recycled LDPE and LLDPE to advance circular plastics economy is expected to present new opportunities in the coming years.

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Covid-19 Scenario:

• As there have been operational and economic disruptions in the packaging industry, which is the largest consumer of LDPE and LLDPE, the demand has reduced significantly.
• Lockdown measures taken in many countries hampered the demand for food and beverages as tourism activities were shut down. Moreover, hotels, restaurants, and cafes were also closed, which in turn, affected the demand.
• However, the demand for LDPE and LLDPE for manufacturing packaging materials for liquid soaps, sanitizers, and disinfectants increased considerably.
• Construction activities were banned during the lockdown in many countries. The demand for LDPE and LLDPE is lowered. However, as construction projects began in the post-lockdown period, the demand would take off.  

The report provides a detailed segmentation of the Europe LDPE and LLDPE market based on country, type, and application.

Based on type, the LLDPE segment contributed to more than four-fifths of the total share in 2019, and is expected to continue its lead position in terms of revenue throughout the forecast period. Moreover, this segment is estimated to witness the largest CAGR of 6.3% from 2020 to 2027. The report also analyzes the LDPE segment.

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Based on application, the packaging segment accounted for the highest market share with more than half of the Europe LDPE and LLDPE market share in 2019, and is expected to maintain its leadership status throughout the forecast period. Moreover, this segment is estimated to witness the highest CAGR of 6.9% during the forecast period. The report offers a detailed analysis of segments such as agriculture, construction, geomembranes, and others.

Based on country, France accounted for the largest market share with nearly one-fourth of the total market share in 2019, and is expected to maintain its lead position by 2027. However, the U.K. is projected to portray the highest CAGR of 9.6% from 2020 to 2027.

Leading players of the Europe LDPE and LLDPE market include Agriplast SpA, Chevron Corporation, Braskem S.A., Exxon Mobil Corporation, Dow Inc., Ineos Group Holdings S.A., Flex Polymers, Mitsubishi Chemical Holdings, LyondellBasell Industries Holdings B.V., and Nova Chemicals Corporation.

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Allied Market Research published a report, titled, “Automotive Motors Market by Type (DC Brushed Motors, Brushless DC Motors, Stepper Motors, and Traction Motors), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, BEV, PHEV, and HEV), and Application (Performance, Comfort & Convenience, and Safety & Security): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global automotive motors industry was pegged at $31.01 billion in 2018, and is estimated to reach $49.20 billion by 2026, growing at a CAGR of 5.9% from 2019 to 2026.

Drivers, restraints and opportunities

Increase in demand for safety & convenience features, surge in demand of electric vehicles, and strict safety regulations set by government drive the growth of the global automotive motors industry. On the other hand, diminution in global vehicle production and rising trend of shared mobility impede the growth to some extent. However, wide number of applications employing the use of electric motors and concept of autonomous cars are expected to create a number of opportunities in the industry.

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The DC brushed motors segment to lead the trail by 2026

Based on type, the DC brushed motors segment accounted for nearly three-fifths of the global automotive motors market revenue in 2018, and is expected to dominate by the end of 2026. Factors such as simple & inexpensive controller, low overall construction costs, ability to be rebuilt for extended life are propelling the growth of the segment. The traction motors segment, on the other hand, would cite the fastest CAGR of 10.9% throughout the estimated period. The fact that traction motor in electric vehicle fulfills various vital performance requirements such as maximum torque, power density coupled with higher efficiency, minimum volume and weight has driven the growth of the segment.

Automotive Motors Market to Reach $49.20 Bn, Globally, by 2026 at 5.9% CAGR: Allied Market Research

The passenger cars segment held the largest share in 2018

Based on vehicle type, the passenger cars segment garnered the major share in 2018, holding more than two-thirds of the global automotive motors market. Increase in disposable income in countries such as India and China is expected to swell up the demand for passenger vehicles which, in turn, heaves the requirement of automotive motors used in passenger cars. At the same time, the PHEV segment would register the fastest CAGR of 12.4% during the study period. The fact that PHEV has the ability to use its extra capacity by running on all-electric mode for an extended range of a minimum of 30 miles which contributes to reduced air pollution has driven the growth of the segment.

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Asia-Pacific, followed by Europe and North America, to rule the roost

Based on geography, the Asia Pacific region contributed to more than half of the global automotive motors market revenue in 2018, and is anticipated to retain its top status by 2026. The Asia-Pacific automotive motor industry is dominated by government policies that instigate sustainable manufacturing, and investments in the sector. Moreover, increased passenger car and vehicle registration in Asia-Pacific makes it the leading region. Simultaneously, the region across LAMEA is projected to grow at the fastest CAGR of 8.0% throughout the forecast period. Factors such as growth in IoT and rise in the demand for advanced technologies in motor vehicles drive the growth of the LAMEA automotive motors market.

Leading market players-

• Continental AG
• BorgWarner Inc.
• VALEO
• DENSO CORPORATION
• Johnson Electric Holdings Limited
• Mitsuba Corporation
• Robert Bosch GmbH
• MABUCHI MOTOR CO., LTD.
• Nidec Corporation,
• Siemens AG

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