Segment Analysis:
Global Epoxy Resin Market has been segmented on the basis of type, technology, application, and region. On the basis of type, the market has been divided into glycidyl epoxy and non-glycidyl epoxy. In 2016, the glycidyl epoxy segment held the largest share of the market and is projected to grow at CAGR of 5.33%, on account of increasing use of this type in key end user industries such as automotive and building & construction.
Based on Technology, the market is categorized into liquid epoxy, waterborne epoxy, solvent cut epoxy, and others. Among them, the liquid epoxy resin segment accounted for 48% share of the market due to wide range of applications. However, the waterborne epoxy poised to emerge as the substantial segment growing at highest CAGR, among others. The dominance of this segment in future, is attributed to its increasing demand in powder coating applications.
Based on Application, the Global Epoxy Resin Market is segmented into building & construction, automotive & transportation, electrical & electronics, adhesives & sealants, marine, and others. The building & construction industry dominated the market with the largest share of the market in 2016, owing to rapid infrastructural development around the world. The segment is set to reach USD 2,988.8 million by the end of the review period. In addition to this, automotive industry is the second major consumer of the epoxy resin, which is estimated to grow at highest CAGR throughout the forecast period use of epoxy resin based materials for manufacturing parts of an automobiles.
Regional Analysis:
Geographically, the Global Epoxy Resin Market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per the MRFR analysis, Asia Pacific was the largest region in the Global Epoxy Resin Market as of 2016, in terms of the market share. The region is likely to retain its dominance throughout the forecast period owing to rapidly growing construction activities. Asia Pacific market is followed by North America, which is accounted for the second largest number of shares in the Global Epoxy Resin Market, as of 2016. The North America market is set to reach USD 1,556.8 million by the end 2023. Europe is another substantial region in the market, which accounts for 9.28% share of market in 2016. Country wise, China is the leading market, in terms of value and volume, followed by the U.S. In coming years, Latin America is set to emerge as a significant market for Epoxy Resin, which is estimated to grow at highest CAGR due to rise of major end users in this region.
Market Research Future will be publishing a Cooked Research Report on “Global Epoxy Resin Market” that contains the information from 2017 to 2023. Epoxy Resin Market is expected to grow at a CAGR 5.24% during forecast period 2017-2023.
Market Research Future (MRFR) recognizes the following companies as the prominent players in the Global Epoxy Resin Market that includes Olin Corporation (Olin) (U.S.), Aditya Birla Chemicals (India), Kolon Industries, Inc. (South Korea), BASF SE (Germany), Ciech S.A (Poland), Huntsman International LLC (U.S.), and Spolchemie (Czech republic )among other
Market Highlights:
The Epoxy Resin Market is estimated to reach USD 10,620.5 million till 2023, expanding at a CAGR of 5.24% during the forecast period. The protuberant factors driving growth of the market are, increasing demand of epoxy based composites from major end users such as automotive & transportation industry and continuous growth of construction industry.
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Application of phenolic antioxidant in building & construction industry accounted for the largest market share. It has been estimated to grow significant rate throughout the review period. This is attributed to swiftly growing infrastructural activities around the globe, wherein the Epoxy Resins are majorly consumed. Glycidyl epoxy is the major segment among the types and held the maximum share of the market, as of 2016, on account of the increasing use of this type in production of materials to be used numerous industries such as automotive and building & construction.
However, the substantial bottleneck restraining growth of the Global Epoxy Resin Market COVID-19 Analysis is the stringent government regulations to limit production and usage of harmful chemical substances. Nevertheless, during the years to follow, growing construction industry in the Middle East & Africa and Asia offers lucrative opportunity for the Global Epoxy Resin Market.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
SegmentationThe global cyclohexane market is categorized on the basis of application, end use industry, and region.
On the basis of the application, the cyclohexane market is categorized into nylon 6, nylon 66, polyester polyol, and others.
On the basis of the end use industry, the market is bifurcated into food packaging, defense, textiles, automobile, electrical, and others.
On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.Key PlayersSome of the prominent players operating in the global cyclohexane market are Reliance Industries Limited (India), BASF (Germany), The Dow Chemical Company (U.S.), Chevron Phillips Chemical Company (U.S.), Clariant (Switzerland), China Petroleum & Chemical Corporation (China), CEPSA (Spain), Idemitsu Kosan Co., Ltd. (Japan), CITGO Petroleum Corporation (U.S.), and BP Refining & Petrochemicals GmbH (Germany).
As a result of cyclohexane’s intrinsic link to the polyamide (Nylon) chain and its use in automobiles, construction, and textiles, global cyclohexane demand remains strongly influenced by macroeconomic conditions.
Cyclohexane is largely consumed for the production of nylon 6 fibers, thermoplastics, and films.Increasing crude oil production reduces the raw material demand gap, rising demand for cyclohexane incorporated fibers for textiles, and increasing automobile production fuels the nylon based thermoplastics for manufacturing of automotive parts.
Market HighlightsA smoothie is a blend of fruits and vegetables with yogurt or milk.
Smoothies offer essential nutrients such as vitamins, minerals, and phytochemicals.
Based on type, the global smoothies market has been segmented into fruit-based, vegetable-based, and blends.
The fruit-based smoothie segment is expected to account for the largest and fastest-growing market during the forecast due to the wide variety of fruit-based smoothies available in the market.
However, the popularity of leafy vegetables such as kale, spinach, collard greens, and lettuce in smoothies is expected to drive the growth of the vegetable-based smoothie segment.
The key players are introducing innovative bottle designs that are convenient to carry.
Overview:Vitamin C, also known as ascorbic acid is primarily used as a dietary supplement, even though it finds application in other purposes as well.
It has antioxidant properties which help keep tissues healthy, health wounds, and fight infections.
As per the analysis of market Research Future (MRFR), the global vitamin C market is likely to showcase exponential growth and reach a significant valuation by the end of the forecast period of 2018-2023.The global vitamin C market is growing in tandem with the growth of the vitamin supplements market.
There has been an increased demand for food fortification in recent years.
The widespread incidence of vitamin deficiencies across the global has spurred the demand for vitamin C market.
The3 global vitamin C market growth is stemmed from the growing application in diverse industries ranging from cosmetics, animal feed, to processed food industries.Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/vitamin-c-market-1938The pharmaceutical industry too utilizes vitamin C extensively owing to its multifunctional properties.
According to the research report by Research Report Insights, the global automotive drive shafts market was valued at US$5.3 bn in 2015 and is likely to be worth US$8.9 bn by the end of 2024. During the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.1%.
Heavy Commercial Vehicles to be Prime Consumers of Automotive Drive Shafts
On the basis of vehicles, the market is split into passenger cars, heavy commercial vehicles, and light commercial vehicles. Of these, the heavy commercial vehicles are expected to show steady growth rate in the coming years due to their demand in the transportation industry. The research report states, that the heavy commercial vehicles segment will rise at a CAGR of 6.2% between 2016 and 2024. The increasing demand for automotive shafts in production and serving of heavy-duty trucks is estimated to provide an impetus to the segment in the coming years.
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Geographically, the market is segmented into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. Asia Pacific is poised to remain the leading regional market in the coming years as the demand for automobiles and their production picks up pace. The report estimates, that Asia Pacific automotive drive shafts market will rise at a CAGR of 6.5% between 2016 and 2024.
Repair and Replacement of Old Parts Augments Demand for Automotive Drive Shafts through After-sales Services
The global automotive drive shafts market has been growing due to the unstoppable production of vehicles in emerging economies of Taiwan, India, China, and Singapore amongst others. As economies limp back to normalcy after the depression of 2008, the production and sales of automobiles and their parts have steadily risen to generate soaring revenues. In the coming years, the increasing investments in automobile manufacturing, especially in countries such as China, is likely to boost the automotive drive shafts market.
The demand for automotive drive shafts has also been increasing as they are the most critical parts of a vehicle. As they are known to working under continuous pressure and stress, they undergo severe damage, which demands their replacement or repair. Thus both of these factors are expected to propel the sale of automotive drive shafts in developing and developed countries.
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Emerging Trend of Electric Vehicles to Impede Market Growth
Despite the steady market drivers, the global automotive drive shafts market is facing a tough challenge. The rising trend of electric cars against the backdrop of emerging pollution concerns is expected to restrain the growth of the market. Electric cars operate on batteries, which can be charged. Thus, they completely eliminate the need for automotive drive shafts. Analysts state, “if this trend is to grow rapid as countries work on reducing carbon footprint it could negatively impact the global market”.
The global automotive drive shafts market has several players in the market, making the landscape fragmented. Some of the leading players in the market are Dana Holding Corporation, NTN Corporation, Hyundai Wia, and Yamada Manufacturing Co., Ltd. The companies are focused on development of new products with enhanced quality. To deal with competition, several players will emphasize on mergers and acquisitions to expand their geographical reach and penetrate into many other foreign markets.
Report Analysis@https://www.researchreportinsights.com/report/rd/110114867/Automotive-Drive-Shafts-Market
The global automotive drive shafts market has been segmented as follows:
Global Automotive Drive Shafts Market, By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
Global Automotive Drive Shafts Market, By Shaft Type
- Hotchkiss Drive Shaft
- Flexible Drive Shaft
- Torque Tube Drive Shaft
Global Automotive Drive Shafts Market, by Position Type
- Front Wheel Drive Shaft
- Rear Wheel Drive Shaft
Global Automotive Drive Shafts Market, By Geography
- North America
- The U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Italy
- France
- RoE (Rest of Europe)
- Asia Pacific
- India
- Japan
- China
- RAPAC (Rest of Asia Pacific)
- Middle East and Africa (MEA)
- U.A.E
- South Africa
- RMEA (Rest of Middle East and Africa)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of Latin America (RLATAM)
Report of Fitness App Market is currently providing a comprehensive analysis of the many things that are contributing to economic growth and factors that can play an important role in the growth of the market in the forecast period.Increasing urbanization has advanced the lifestyle of the middle-class population, and has spurred market growth along with the growth of health awareness among individuals.
Users of fitness and health apps tend to show great brand consistency.
This app has been developed specifically to assist users with exercise and other forms of physical training, nutrition and diet, health tracking or other fitness related topics.
The diet and nutrition feature of the fitness app helps you plan and implement a healthy nutrition plan.
The motor function is used to wrap up your weight training to help you lose weight.According to Flurry Analytics results, 96% of users use only one fitness and health app.
by FitNow, Inc. has launched a new app called EmbodyDNA, a DNA-based weight loss planning provider that delivers personalized results through an in-app collective experience.
