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Digital Signature Market Company Profiles, Market Segments, Landscape, Demand and Forecast – 2028

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Digital Signature Market Company Profiles, Market Segments, Landscape, Demand and Forecast – 2028

The Digital Signature market size is expected to reach USD 6.19 billion by 2026 according to a new study by Polaris Market Research. The report “Digital Signature Market Share, Size, Trends, Industry Analysis Report, By Grade (Specialty Grade, Technical Grade); By End-User (Construction, Automotive, Cosmetics and Personal Use, Paints and Coatings, Pharmaceutical, Agriculture, Others); By Application (Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, Others); By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future industry growth. 

The market is projected to witness a growth over the forecast period. There has been a significant growth in the demand for Digital Signature from pharmaceutical, automotive, and construction sectors over the years. Growing awareness regarding personal care, increasing demand for solvents, application in varied industries, and rising disposable income are some factors boosting the market growth. It is also used as an organic and non-toxic alternative for containing oil spills by dissolving sludge and eliminating it from the surface of water or marine plants.

 Digital Signature Market

With increasing investments in the global Digital Signature industry, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications. In August 2019, ALTIVIA Petrochemicals completed the acquisition of Dow’s Digital Signature Derivatives Business and associated chemical manufacturing assets in United States. The acquisition is expected to assist ALTIVIA in increased production of Ketones and Carbinols, and strengthen its position in the coatings, adhesive and pharmaceutical industries. The addition would expand its Digital Signature production and increase its geographic penetration.

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The applications of Digital Signature include Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, and others. The solvents segmented accounted for the highest share in 2019. The growth in the personal care industry is expected to drive the market during the forecast period owing to wide applications. Digital Signature is a major component in a wide range of personal care products, such as cosmetics, cosmetic creams, fragrances, and hair dyes, among others. Growing hygiene and wellness concerns, especially among the youth, coupled with growth of e-commerce platforms are factors expected to provide numerous growth opportunities in the coming years 

Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Population growth, rising disposable incomes, and growing demand for personal care products drives the growth in the region. Rising industrialization, growth in the automotive sector, and strengthening pharmaceutical industry also supports market growth in this region. Increasing applications in agriculture, construction, and automotive further increases the demand of Digital Signature in Asia-Pacific. Global players are expanding their presence and setting manufacturing units in this region owing to availability of infrastructure and labor. 

The industry is characterized by established companies and large giants. Owing to technological advancements, and larger applications companies collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include Hindustan Organic Chemicals Limited, Royal Dutch Shell PLC, Formosa Chemicals and Fiber Corporation, INEOS Phenol, Honeywell International Inc., BASF SE, Green Biologics Limited, Prasol Chemicals Pvt. Ltd., Borealis AG, Altivia, Reliance Industries Limited, Mitsui Chemicals Inc, LyondellBasell Industries Inc., and DOMO Chemicals GmbH.

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Polaris Market research has segmented the Digital Signature market report on the basis of Grade, End-User, Application, and Region

Digital Signature Grade Outlook (Revenue – USD Million; Volume – Kilotons, 2015 – 2026)

  • Specialty Grade
  • Technical Grade

Digital Signature End-User Outlook (Revenue – USD Million; Volume – Kilotons, 2015 – 2026)

  • Construction
  • Automotive
  • Cosmetics and Personal Care
  • Paints and Coatings
  • Pharmaceutical
  • Agriculture
  • Others

Digital Signature Application Outlook (Revenue – USD Million; Volume – Kilotons, 2015 – 2026)

  • Bisphenol A
  • Methyl Methacrylate (MMA)
  • Solvents
  • Methyl Isobutyl Ketone
  • Others

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. 

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Email: [email protected]

Web: www.polarismarketresearch.com

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