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Potential Impact of COVID-19 on Automotive Control Cable Market

Global Automotive Control Cable Market: Snapshot

Automotive control cables are in high demand owing to increased use in the manufacturing of motorcycles, passenger car, light commercial vehicle, and heavy commercial vehicle. This scenario shows potential expansion opportunities for vendors working in automotive control cable market. There are different types of cables such as bowden cable, clutch cable, speedometer cable, throttle, steering control cable, and others available in the market for automotive control cable.

An upcoming research report from TMR on the global automotive control cable market gives thorough study of important factors including drivers, opportunities, restraints, and challenges in this market. Additionally, the report presents dependable data on shares, volume, and revenues of the market for automotive control cable. Thus, the report works as a valuable guidebook for major entities active in the global automotive control cable market for the forecast period of 2020 to 2030.

The global automotive control cable market is segmented on the basis of various key factors such as product range, raw material, end user, cable type, and region. Based on product range, the market for automotive control cable is bifurcated into single core cable and multi core cable.

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Global Automotive Control Cable Market: Growth Dynamics

Automotive control cables are used in various sectors such as robotics, automotive, power and distribution, construction, and others. However, the automotive control cable market holds remarkable demand potential from the automotive sector. Thus, increasing demand for different types of vehicles from all across the world will positively impact on the growth of the global automotive control cable market.

In recent years, government bodies of major worldwide countries are taking initiatives to improve the safety of automobiles. As a result, they are compelling companies engaged in the automobile manufacturing to follow all safety guidelines intended for vehicles. One of such regulations is the incorporation of effectual anti-lock braking systems in all automobiles. Owing to all these regulations, the global automotive control cable market is witnessing prodigious demand avenues from automobile sector.

Global Automotive Control Cable Market: Notable Development and Competitive Analysis

Due to presence of many international and regional players, the competitive landscape of the global automotive control cable market is highly intense. Vendors working in this market are growing efforts to improve the quality of their products. In addition to strengthening their production capabilities, major players are incorporating advanced technologies in their production sites. All these activities are projected to help in the expansion of the global automotive control cable market in the forthcoming years.

The list of key players in the global automotive control cable market includes:

  • Alpha Wire
  • Allied Wire & Cable, INC.
  • SAB Bröckskes GmbH & Co. KG
  • Tyler Madison, Inc.
  • Cable Manufacturing & Assembly Co.
  • Lexco Cable Mfg.
  • Jersey Strand and Cable, Inc.
  • Guangzhou ZhuJiang Cable Co., Ltd

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Global Automotive Control Cable Market: Regional Assessment

The global automotive control cable market is spread across five key regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific is one of the prominent regions showing prodigious growth opportunities in the market for automotive control cable. One of the key reasons supporting this growth is the presence of sturdy automotive sector in this region. Owing to improved disposable income of major population of this region, there is remarkable growth in demand for passenger cars. This factor is fueling the Asia Pacific automotive control cable market.

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Impact Assessment of COVID-19 Outbreak on Metal Processing Oil Market

Metal process oils are process oils used in metal processing for lubrication, cooling, and anticorrosion purposes. Metals need to undergo several mechanical processes such as casting, forging, cutting, drawing, and hardening for usage in a particular application. However, significant amount of heat and friction is generated during these processes. This causes overheating and wear of worked metal, tools, and machine tools. Metal processing oils are used to control high temperatures and lower wear and tear of tools, machine tools, and forging machines. Metal processing oils are largely employed in manufacturing processes such as machining, cold and hot drawing, forging, broaching, quenching, heat treatment, rolling, grinding, and cleaning.

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Rapid industrialization and expansion of the manufacturing sector are expected to drive the metal processing oil market across the globe. Increase in proclivity toward efficient and effective manufacture of metal parts by lowering the operating costs is anticipated to boost the metal processing oil market in the near future. These oils increase the durability of tools and dies by reducing friction and heat, ultimately lowering the tooling and die manufacture costs. Furthermore, growth in the automotive industry is estimated to fuel the metal processing oil market in developing countries such as India, China, Brazil, and South Africa. Volatility in prices of oil and gas affects the prices of metal processing oil, as crude oil is the precursor to their production. Decrease in prices of crude oil has led to a fall in the prices of metal processing oil. This volatility is also estimated to hamper the market of metal processing oil in the near future.

Based on type, the metal processing oil market has been segmented into straight oils, also known as neat oils; soluble oils, also known as emulsifiable oils; semi-synthetic oils; and synthetic oils. Neat oils or straight oils are mineral based oils and occupy significant share of the metal processing oil market. These oils are used for heavy duty operations such as cold drawing and rolling, hobbing, and machining. Based on feedstock, the metal processing oil market can be divided into Group I, Group II, Group III, Group IV, and Group V. Group I base oils are widely used feedstock source for manufacturing metal processing, oils as they are cheap and easy to obtain. However, manufacturers of Group I base oil are shifting toward the cleaner Group II and Group III feedstock sources due to the high sulfur content. In terms of application, the market can be split into machining, forging, heat treatment, drawing, and finishing operations. Of these, machining accounts for substantial market share due to the extensive use of metal processing oil in operations such as cutting, turning, milling, and drilling. This segment is followed by metal drawing application, especially cold drawing operations.

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Based on geography, the metal processing oil market can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is one of the key consumers of metal processing oils, as countries such as India and China are manufacturing hubs. The region is also a prominent manufacturer of automobiles in the world. This is boosting the metal processing oil market in Asia Pacific. It is followed by the market in Europe and North America, as these regions also have strong automotive market. Thus, the manufacturing sector in these regions accounts for significant share of metal processing oil. The metal processing oil market in Latin America is also projected to expand at significant pace in the near future, due to the rapid industrialization in countries such as Brazil and Mexico.

Key manufacturers of metal processing oil include Exxon Mobil Corporation, Castrol Limited, Indian Oil Corporation Ltd, and United Oil Company.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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Impact of Outbreak of COVID-19 on Mastic Sealant Market

Mastic Sealant Market: Overview

Mastic is a liquid sealant that is flexible and protects surfaces after drying. Mastic sealant can easily adhere to different materials such as glass, concrete, aluminum, wood, duct board, marble, and steel and can maintain a durable bond for long time. It has a wide range of use that includes connecting windows and other structures in residential areas to filling cracks in different masonry works. Moreover, mastic sealant is also applicable in brick structure, roofing, and cars as well to keep them clean.

There are multiple segments of mastic sealant market based on oil, sanitary grade, silicone, glazing silicone, acrylic, rubber, polyurethane, high temperature, and caulk. All the segments have their respective uses in different sectors. Of all the mentioned mastic sealant segments, rubber based mastic sealant market is expected to be on the rise in the coming years because of its high tensile strength, adhesion and high workability. It is expected to drive the growth of the global mastic sealant market.

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Mastic sealants are now utilized in various applications such as construction, automotive, and furniture. Material insolubility, anti-corrosion properties, and quick penetration of substrates are some of the prominent properties that are expected to be of significant help in the progress trajectory of the global mastic sealant market. Several manufacturers are trying to come up with new formulas for producing mastic sealants that will provide better workability even while using it in applications that entail severe joint movements.

Mastic sealant is a flexible, liquid sealant. It protects surfaces even after drying. Mastic sealant can adhere to materials such as aluminum, glass, concrete, wood, marble, steel, and duct board, thus maintaining a durable bond for long period. It is used in bathtubs, and connecting windows and structures in the residential sector. It can also be employed to fill cracks in various masonry applications in the nonresidential sector. Furthermore, mastic sealant is used in roofing, brick structures, and even cars and boats to keep them dust-free. It is waterproof and highly resistant to low and high temperatures due to the presence of ultraviolet (UV) inhibitors. Additionally, mastic sealant works well with metals; it usually does not corrode them over time. Mastic sealant is also used in load-bearing walls and ceiling applications.

Based on type, the market for mastic sealant can be segmented into oil based mastic sealant, silicone sanitary grade, glazing silicone, rubber based, acrylic, caulk, polyurethane, and high temperature based. Oil based mastic sealant remains fluid under a fast forming skin and can be painted even if being allowed to dry. Silicone sanitary grade type sealant, which consists of a long chain of polymer, is used to seal bath or basin areas. Glazing silicon is employed to seal nonporous substrates. Rubber based sealant is used to seal cracks in flat roofs and gutters. Thus, it can be employed in damp conditions. Rubber based sealant can adhere to bitumen as well as plastic substrates. Acrylic sealant is a water based sealant, which can be used in wooden substrates. Caulk type sealant is employed to fill cracks and sealing gaps in skirting boards. Polyurethane type sealant can be used in dry conditions due to its prime features such as high tensile strength. High temperature sealant is used to seal fire ducts that need to be protected from heat. The rubber based segment is expected to expand significantly during the forecast period primarily due to the high workability, tensile strength, and adhesion of these type of sealants. This is anticipated to drive the mastic sealant market across the globe.

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Rise in demand for mastic sealant in various applications, such as pressure sensitive, construction, furniture, and automotive, is estimated to drive the mastic sealant market during the forecast period. Easy penetration of substrates, material insolubility, and resistance to corrosion are some of the key features estimated to boost the mastic sealant market during the forecast period. Mastic sealant is not used in applications that require extreme joint movements due to its flexibility. It can work well in thick applications such as large cracks and gaps rather than in thinner areas. These are some of the challenges for market players. However, manufacturers are coming up with newly formulated mastic sealant products that provide good workability even in applications entailing extreme joint movements.

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In terms of region, the global market for mastic sealant can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the mastic sealant market in the near future primarily due to the rapid industrialization and urbanization in countries such as China and India. Various end-use industries such as automotive, construction, residential, and nonresidential have been expanding due to the increase in urbanization and industrialization. This, in turn, is boosting the mastic sealant market. Rise in road and infrastructure maintenance activities in countries such as the U.S., Germany, and Australia is also driving the demand for mastic sealant.

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Market Research on Polymer Bearings Market 2017 and Analysis to 2025

Polymer bearings, commonly known as plastic bearings, are the latest development in the bearings industry. A bearing is made up of four different parts: inner race, outer race, cage, and balls. The combination of these parts in unison allows smooth and friction free motion. In polymer bearings, the inner race, the outer race, and the cage are all made up of plastic and the material used for manufacturing balls depends on the kind of applications and environmental conditions it gets subjected to. Materials that can be used to manufacture balls include plastic, stainless steel, and glass. Polymer bearings provide numerous advantages over other bearings. This includes resistance to corrosion, chemicals, and fatigue, self-lubrication, lightweight, low co-efficient of friction, and quiet operation. Polymer bearings is an ideal option in applications where steel bearings cannot be used, owing to their corrosive tendencies. Furthermore, they are economical than the other types of bearings. Therefore, these are used in various applications in industries such as food & beverages, textile, medical & pharmaceutical, and electrical. However, polymer ball bearings cannot be subjected to applications involving high loads and prolonged exposure to temperatures exceeding 300°F. This calls for need to use traditional bearings such as stainless steel bearings and ceramic bearings. Ceramic bearings offer numerous advantages. They overcome most limitations generally encountered in the other two bearings, and can be subjected to high temperatures up to 1800°F and high loads. Despite these advantages, ceramic bearings are used less, as they are expensive. Thus, polymer bearings are widely being used, as they are economical and offer large number of advantages. The market for polymer bearings is expected to expand at a steady pace owing to the increasing usage of these bearings in a large number of industrial applications.

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Based on the type of ball used in the bearings, the market for polymer bearings can be segmented into plastic ball bearing, glass ball bearing, and stainless steel ball bearing. The choice of the material to be used for balls highly depends on the kind of conditions and applications the bearing is subjected to. Plastic balls are generally used when there is a need of light weight, noise free operation. Glass balls are employed when a comparatively lighter option is required in a metal free application. Glass balls also exhibit less magnetic properties.

Based on end-use industry, the polymer bearings market can be segmented into chemical industry, food & beverages industry, textile industry, and medical & pharmaceutical industry. The usage of polymer bearings is increasing across these industrial segments. The chemical industry segment of the polymer bearings market is anticipated to expand at a steady pace due to the growth in the chemical industry. The chemical industry is witnessing considerable growth due to growing market of pharmaceutical products and consumer goods.

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Geographically, the market for polymer bearings can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The polymer bearings market is likely to expand significantly in Asia Pacific owing to factors such as rapid industrialization and economic, infrastructural development in countries such as India, China, and Japan.

Key players operating in the polymer bearings market include Schaeffler Group, SKF, Timken Company, RKB Bearing Industries, NSK, and JTEKT Corporation.

The polymer bearings market is projected to expand at a steady pace in the near future due to the increasing usage of these bearings in the industrial segment in countries such as China and Japan in Asia Pacific. The region accounts for major share of the polymer bearings market due to the increasing industrialization and rapid economic & infrastructural development.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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Analysis of Potential Impact of COVID-19 on Plastic Decking Market

Global Plastic Decking Market: Overview 

Plastic decking, primarily formulated from recycled plastic material or virgin (new) plastic does not require any filler material. Over the years, it has become highly popular in the construction industry for crafting residential decking boards, window lineal, rails and balusters, door components, fencing, and sliding. Going forward too, it is slated to sustain its growth momentum on the back of its durability.

Depending upon the type of polymer, the global market for plastic decking can be segmented into PVC, HDPE, LDPE, and PP categories. Of these, HDPE and LDPE are anticipated to hold a sway over the market with maximum share. This is because HDPE exhibit high strength and stiffness on account of which they find application in the residential sector and LDPE contains certain strength-enhancing additives useful for manufacturing decking products.

Depending upon the type of composite again, the report splits the global market for plastic decking into capped and uncapped varieties. Capped composite decking, prepared by blending pre and post-consumer recycled plastic and timber mill scraps to obtain solid products, is expected to rule the market in the near future owing to their resistance to color fading and rotting. Further, capped composites have a protective coating of UV inhibitors and anti-oxidants that prevent the growth of mildew and mold, thereby preventing splintering and rotting. Uncapped composites, on the other hand, are vulnerable to staining, fading, mold, and mildew. This explains their diminishing demand.

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Global Plastic Decking Market: Trends and Opportunities 

Some of the unique perceived benefits of plastic decking is that they are stain-resistant, do not require finishing, or high maintenance. Additionally, they are unaffected by splintering which keeps them in good shape for longer. They do not fade easily and are resistant to moisture. On account of so many advantages, plastic decking is gaining widespread popularity in the overall decking industry. Other prominent growth drivers in the global market for plastic decking are the burgeoning construction industry which has driven up demand for low-maintenance superior quality decks.

Countering the growth in the market, on the other hand, is the fact that plastic decks expand and contract in certain climates resulting in loosening joints and making them unstable. Further, in hot climes, plastic decks can become extremely hot and can actually radiate heat, making them uncomfortable. However, thrust on research and development to come up with better products will likely help the market overcome the aforementioned hurdles and grow at a good clip.

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Global Plastic Decking Market: Regional Outlook 

Geographically, the key segments of the global plastic decking market are North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, North America is likely to account for maximum demand on account of a strong requirement for low-maintenance building products in its ever-expanding construction industry. Besides, stringent norms against use of wood in North America and Europe have also resulted in swift uptake of plastic decking. In Asia pacific, the increasing pace of urbanization and changing lifestyles, particularly in countries of India and China, have resulted in a surge in new and existing house completions that in turn has stoked demand for plastic decking.

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Companies Mentioned in the Report 

To assess the competition prevailing in the global market for plastic decking, the report has profiled companies such as Advanced Environmental Recycling Technologies, Inc, Cardinal Building Products, Certainteed Corporation, Fiberon, LLC, Green Bay Decking, LLC, Tamko Building Products, Inc., UPM Kymmene Corporation, and Universal Forest Products, Inc.  

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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Covid-19 Impact on Fruit Snacks Market Segements: Market Size, CAGR, Demand, In-Depth Assessment and Opportunities Analysis with Top Countries Data till 2026

The global fruit snacks market is expected to rise because of the growing pool of health consciousness consumers. They not just want something to satisfy their hunger pangs, but also want to ensure it is healthy and nutritious. And fruit snacks, which are full of nutritional content, are just that.

The global fruit snacks market is choc-o-bloc with players – large and small. This makes the market not just fragmented but also competitive. To beat competition in such a crowded space, players are seen resorting to competitive pricing. They are also seen strengthening their distribution strategies and focusing on quality and innovation. All these factors are believed to be boosting the global fruit snacks market.

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Global Fruit Snacks Market: Key Trends 

Fruit snacks, which also includes a range of candies, is penetrating the food industry gradually. This is because of the health benefits of fruit snacks. It is the most preferred snack for children. This is expected to have a major positive impact on the global fruit snacks market.

Another factor expected to have a positive impact on the global fruit snacks market is the surging consumerism worldwide. With average individual and household incomes rising, people all over the world are buying snacks to satiate their hunger pangs. They are also opting for the healthier variety with rising awareness about healthy eats.

Despite stiff competition from other types of snacks, the global fruit snacks market is set to rise. This is because of the continued product innovation by savvy manufacturers. In order to woo customers, they are seen launching a range of products. They are seen experimenting with ingredients, taste, texture, and nutritional elements. They are also going for attractive packaging in order to draw customers. All these are having a major positive impact on the global fruit snacks market.

Another factor expected to be driving the market is the rise in demand for nutritional ingredients in food and beverages, dairy products, sweets, and savory industries. Both sweet and savory fruit snacks are seeing rising demand in the market. Proliferation of ecommerce platforms, convenience stores, supermarkets and hypermarkets are also seen driving the market.

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Global Fruit Snacks Market: Regional Outlook 

With respect to geography, North America and Europe could be holding a substantial share in the global fruit snacks market. This is because of the presence of several players in the region, small and big. This has led to abundant availability of an array of products in the regions. This alongside the high degree of consumerism is believed to be driving the market’s growth in the region. Asia Pacific, on the other hand, could be categorized as an upcoming market holding out a lot of promise. This is because of the rising consumerism in the region, particularly in nations of China and India.

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Global Fruit Snacks Market: Competitive Dynamics

Some of the prominent companies operating in the global fruit snacks market are General Mills, Kellogg, Sunkist Growers, SunOpta, Welch’s, and Tropical Foods. The report would present information on their product segments, sales and revenues, and market shares.

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Impact Assessment of COVID-19 Outbreak on Liquid Fertilizers Market

Liquid fertilizers are an effective way of providing the essential nutrients to plants at the right time and in ideal concentration. They can be absorbed by plants through their leaf pores and roots. Liquid fertilizers are rich in growth hormones and micro nutrients and are widely used for row crops such as maize. They appear to act in the form of a catalyst, increasing a plant’s nutrient uptake. Liquid fertilizers help in the rapid establishment of seedlings and quick early growth. Fertilizers containing sodium, potassium and phosphorous are able to dissolve quickly in water and can be applied which eventually saves the application cost and allows the utilization of fertilizers. When roots are stressed or nutrients are unavailable or lacking in the soil, they can be supplied by foliar feeding. Nitrogen based liquid fertilizers account for over two third share of the liquid fertilizer market and is likely to develop further in coming years.

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Globally, demand for liquid fertilizers is surging due to rising need for increasing agricultural output in order to address growing global food requirements. The major driver of liquid fertilizers market is the need for micro nutrients. Furthermore, increasing soil efficiency and escalating demand for bio fuels and high quality yield are factors propelling the market. Fruits and vegetables exhibit high potential and their production is becoming intensive and vertically integrated due to continuous technological advancements and mounting demands for them. Additionally, investments by the   government and private players, increasing research and development activities and new product developments are projected to steer growth in global liquid fertilizers market. Increasing demand for biofuels is associated with the growth of liquid fertilizers market because of liquid fertilizers’ use in the production of crops such as wheat, soybean, and sugarcane. However, limited awareness among farmers and huge handling costs are a few deterrents.

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Based on the source, global liquid fertilizer market is segmented as organic and synthetic. Different types of liquid fertilizers include nitrogen, phosphorous, potash, and micro nutrients. On the basis of crop type, the liquid fertilizer market is segmented as cereals and grains, fruits and vegetables and oil seeds and pulses. In terms of mode of application, liquid fertilizers market is segmented as soil, foliar and others.

Global liquid fertilizers market exhibited a modest growth in 2015 and this expected to continue the same trend in the forecast period (2016-2024). Also, during the forecast period, the demand for nitrogen, phosphorous and potassium is expected to increase on account of rising population, growing demand for food grains and rising concerns related to depleting ground water resources. Asia-Pacific region is projected to have a speedy growth in coming years owing to economic growth and developmental activities in the region. With robust population base, the need for food is growing unprecedentedly in this region and the farmers are compelled to enhance their agricultural output from the limited available land.  Liquid fertilizers market finds a promising future in Europe because of the growing demand for renewable energy in the region and steps taken by EFMA (European Fertiliser Manufacturers’ Association) for the implementation of product stewardship program for enhancing agricultural productivity. North America has a significant share of liquid fertilizers globally and the huge demand in this region has led to increased competition and companies are investing in R&D for innovative liquid fertilizer products. Market of liquid fertilisers in Latin America is also expected to have a decent growth where the cropped area is increasing steadily. African region has strong resources and tries to expand its production capacity. Africa is a liquid fertilizer consuming region and market of liquid fertilizer can be improved by having extra-regional partnerships.

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Major liquid fertilizers market players include Agrium Inc., Haifa Group, K+S AKTIENGESELLSCHAFT, Yara International ASA, Israel Chemicals Ltd and Sociedad Quimica Y Minera SA .

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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Lead Acid Battery Market Size, Review, Key Findings, Growth Strategy, Developments,Trends And Global Forecast By Regions

The global lead acid battery market is predicted to rise at a healthy pace in the years ahead. Despite its advanced use, lead acid battery continues to be widely used among other rechargeable batteries commercially available. Key reasons behind its popularity are reliability and cost-effectiveness for each unit of energy consumed. This makes lead acid battery preferred for golf cars, automobiles, marine and uninterruptible power supplies, and forklifts.

Such applications of lead acid battery hold promise for the growth of lead acid battery market. Serving such applications, lead acid battery market is predicted to rise at a CAGR of 4% between 2018 and 2026, says Transparency Market Research in one of its recent market publications.

Over last several years, expansion of automobile and manufacturing sectors has paved way for expansion of battery technology. Lead acid batteries find wide use for power backup systems in these industrial sectors.

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lead-acid-battery-market.jpg

 

Apart from this, wheeled mobility devices such as golf cars and electric wheelchairs find wide use of lead acid batteries. Lead acid batteries are suitable for such applications due to their deep lifecycle.

On the flip side, production of lead acid battery is hazardous to the environment. Lead mining involves extensive release of toxic smoke, including dioxins, sulfur dioxide, and dibenzofurans. This, indirectly impedes use of lead acid battery. Besides this, improper disposal of lead acid batteries poses risk of pollution on and as well as water. Agricultural land and water bodies are impacted by runoff of chemicals by lead acid batteries. This impedes growth of lead acid battery market.

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Market Players face Growth Repercussions due to Environmental Breach

Meanwhile, the lead acid battery market faces volatility on the competitive front. Product innovations, expansion of manufacturing facility, and repercussions due to environmental breach are some factors that impact level of competition in this crowded lead acid battery market.

Introduction of 12V AGM sealed lead acid battery by Duracell at CES Conference, Las Vegas in 2018 is an example. The U.S. based company is widely known for its small alkaline batteries product range.

Environmental repercussions related to battery technology also creates competitive volatility for manufacturers of these products. In early February 2018, Aqua Metals faced three different lawsuits for recycling of used lead acid batteries. To address this, the company undertook a turnkey technical solution associated with “sticky lead” problem of recycling of used lead acid batteries. With the solution, the company’s share rose from US$1.62 to close to US$2.79 within two days.

For environmental conservation objectives, expansion of recycling process capacities is also on the roadmap of success for participants in the lead acid battery market. For example, a leading lead acid battery manufacturer, in association with an environmental agency expanded its recycling capacity by volumes to be 25,000 tons each year.

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Expanding Production of Passenger Vehicles swells demand in Asia Pacific

Asia Pacific has emerged as a key region for lead acid battery in recent years. Increasing production of vehicles has expanded the demand of lead acid battery in the region. Lead acid battery are useful for passenger cars due to its low cost as well as reliable performance. Need for power backup of utility companies, and rapid expansion of the renewable energy sector are some other economic interest area that display demand of lead acid batteries. Serving this, the lead acid battery market in Asia Pacific is predicted to rise at a CAGR of 4.9% from 2018 to 2026.

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Gummy Vitamins Market– Covid-19 Impct, Swot Analysis And Key Business Strategies By Leading Industry Players And And Forecast 2019-2029

An expeditious evolution of the nutraceuticals industry in recent years has provided a feasible boost to the variety of vitamins and dietary supplements, thereby driving developments in the gummy vitamins market. The gummy vitamins landscape is witnessing positive growth, gaining immense traction due to the geriatric population as well as kids.

The current growth trend of the gummy vitamins market is prominently influenced by the increasing cognizance for preventive healthcare across the globe. Digital platforms and social networking sites have become a prominent tool for gummy vitamin manufacturers to advertise their products, globally. Continuous technological advancements in the molding patterns of gummy vitamins, as well as the necessity for cost competitiveness with no compromise on product quality, remain key challenges for gummy vitamin manufacturers. Through process R&D and product innovation, the gummy vitamins market has gained significant traction among both, adult and kids. However, the past few years have observed a relative demand preeminence from the latter.

gummy vitamins market share

Lack of Nutrient Content in Diets Flourishing Gummy Vitamins Market Growth

Increased stress levels and changing lifestyle patterns have resulted in people compromising on their diets by substituting fibrous and healthy food with soft and convenient food options. This leads to an increase in lifestyle diseases such as diabetes, obesity, and high blood pressure, due to decreased nutrient content in the food preparation. However, a paradigm shift in consumer preferences of vitamins and dietary supplements has been seen in recent years. Vitamin gummies are one of the most popular supplement choices among elderly people who have difficulty in swallowing pills. Nutrition specialists are carrying out extensive research to diversify the nutritional composition of gummy vitamins. Gummy vitamins offer a wide product portfolio, catering to various bodily functions, and serve a wide range of age groups, ranging from toddlers to elders. The introduction of probiotics in gummy vitamins has significantly impacted the growth of the gummy vitamins market growth.

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Gummy Vitamins Market: Innovation in Gummy Vitamin Formulations to Drive Growth

With advancements in ingredient technology and product development, gummy vitamins can now be customized to meet specific consumer preferences. Reduced sugar content, natural colors & flavors, increased fiber, and specialized textures are all possibilities for gummy vitamin formulation. While vitamins are popular ingredients in the gummy format, a wide array of other nutrients has also been introduced in the gummy vitamins format. Standard multi-vitamin, collagen peptides, omega-3s, melatonin, and probiotics are added to enrich the taste in gummies. Gummy vitamins designed for specific demographics, such as men, kids, women in the prenatal phase, etc., containing a variety of beneficial micronutrients, have gained high popularity in the last few years.

Gummy Vitamins Market: High Sugar Content a Major Concern

Gummy vitamins contain more sugar than other vitamins. These are taken in small doses, and are not likely to have much impact on the health. However, overconsumption can add higher calorie intake than the daily suggested value and lead to different dental decay-related problems and other disease conditions. For instance, 10 gummy bears consumed per day are equal to the consumption of 50 calories or more from added sugar, which is half the daily limit for women, suggested by the American Heart Association. Gummy vitamins with high levels of iron or other ingredients should be ingested in small amounts. An overdose of gummy vitamins may cause vision problems and clumsiness, constipation, muscle weakness, and abnormal heart rhythm. This factor might impede the overall growth of the gummy vitamins market.

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Gummy Vitamins Market: Shift to Clean Label Packaging to Spur Demand

Increasing awareness about food safety among consumers has factored the popularity of the clean label trend around the world. Clean label has moved from just being a label on the packaging to holistic and all-pervasive, involving the entire journey of the product, from cultivation to finally reaching the consumer. Consumers are showing an inclination towards gummy vitamin brands that are transparent in their information communication. As a result, gummy vitamin products are being developed with naturally-sourced colors and flavors derived from fruits and vegetable. Consumers are avoiding genetically-modified gummy vitamins, and are buying gummy vitamins that are carefully evaluated and certified. Certifications on the labels of these products are thoroughly checked to ensure gummy vitamin products are vegan, organic, and non-GMO certified.

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Impact of Outbreak of COVID-19 on Polyurethane Adhesive Market

An adhesive is a substance that holds materials together by surface attachment. It is used for the joining of two substrates. Adhesives are made up of raw materials such as fillers, softeners, tackifiers, cross-linking agents, and antioxidants. Acrylic, natural rubber, silicone, and polyurethane are the different types of adhesives depending upon the degree of their composition.

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Polyurethane adhesives offer flexible curing time at room and extreme temperature. This is the major advantage of polyurethane adhesives. They can be applied either manually or with the help of dispensing equipment. Polyurethane adhesives offer excellent bonding characteristics for surfaces such as ceramics, rubber, plastic, glass, and wood. Polyurethane adhesives are widely employed in applications where higher efficiency is required at lower operating cost. Fast curing time, excellent strength, good abrasion & chemical resistance, good optical clarity, and good strength & impact resistance are some of the key characteristics of polyurethane adhesives. These adhesives are employed in industries such as automobile, building & construction, packaging, aerospace, electrical & electronics, locomotives, and optical due to their versatility in operations. Based on technology, the polyurethane adhesive market can be segmented into solvent borne, reactive, dispersion, and hot melt. Solvent borne accounts for the dominant share of the polyurethane adhesive market, as these provide instant bonding with good adhesion characteristics. In terms of type, the market for polyurethane adhesive can be segmented into thermoplastic and thermoset. Thermoplastic polyurethane adhesives are comparatively expensive; however, these are widely used in structural and load bearing applications due to their properties such as adjustable sealing temperature, high tack, and ability to adhere to different surfaces such as metal, PVC, rubber, wood, and leather. Thus, the segment is expected to witness significant growth rate in the near future.

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Growth in the construction industry, proliferating use of adhesive in automotive applications to reduce the weight of vehicles, and rise in demand in emerging countries of Asia Pacific and Middle East & Africa are driving the market for polyurethane adhesives. Increase in middle class population and accelerated rate of urbanization in developing countries such as India, China, and Brazil is  also propelling the construction industry and hence the demand for polyurethane adhesive. The building & construction industry dominates the polyurethane adhesive market. Expansion in the building & construction industry in countries such as the U.S., China, Germany, India, Japan, and South Korea is expected to boost the demand for polyurethane adhesives in the next few years. Polyurethane adhesives are increasingly used in place of traditional fasteners for joining and sealing applications. The need to reduce the overall weight of vehicles in order to achieve better fuel efficiency and curb exhaust emission is also propelling the demand for polyurethane adhesives in countries such as India, China, Brazil, and Mexico. Footwear is also a lucrative segment of the polyurethane adhesive market, led by the rising demand for innovative footwear design, particularly in countries in Southeast Asia such as Indonesia and Vietnam. Increase in usage of polyurethane adhesive in various end-user industries is likely to drive the demand for these adhesives; however, fluctuation in prices of crude oil, which is a basic raw material, may hamper market growth in the near future.

Major players operating in the polyurethane adhesive market are 3M, BASF AG, Avery Dennison Corporation, Arkema S.A., Ashland Inc., H.B. Fuller, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc., Scott Bader Company Ltd., Sika AG, and The Dow Chemical Company.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.