Abrasives Market Size, Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

The global abrasives market report is expected to reach USD 63.98 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies.

The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies.

The tragedy caused by communicable coronavirus has put enormous pressure on industries and sectors across the globe. The governments of several countries have instigated lockdown to prevent the spread of this infectious disease. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

Market Driver:

Rising Demand from Automotive Sector to Drive Market

The growing use of abrasives in the automotive industry can be an essential factor augmenting the growth of the market. They are used for engine parts sizing, repairing, cleaning of auto body, interior, and exterior. It is also utilized to clean the surfaces for oiling, smooth welds, smooth edges, fitting, polishing, or painting as well as the insides of pipes. Moreover, the inflated demand for abrasives from the automotive industry will create lucrative business opportunities for the market. For instance, coated and non-woven abrasives are both used to refinish auto bodies, while super abrasives or grinding wheels are used in the engine

Launch of New Quantum3 by Saint-Gobain to Support Proliferation

Saint-Gobain Abrasives, the global leader in abrasives and cutting, grinding, and finishing operations, unveiled its new Norton QUANTUM3™ RightCut Wheels, adding to its Norton QUANTUM3™ (NQ3) lines of Depressed Center Grinding Wheels and Combination Wheels. Furthermore, the Saint-Gobain Abrasives also partnered with Airgas to provide Norton QUANTUM3™ RightCut Wheels through Airgas exclusively for a limited period of 3 months. Air Airgas is a leading U.S. supplier of industrial, medical and specialty gases as well as related hard goods, including maintenance, repair and operations (MRO), welding and safety equipment and supplies. The collaboration between both companies is expected to aid the abrasives market trends in the forthcoming years. Furthermore, Product Manager Cutting-off & Grinding Wheels Northern Europe & South Africa at Saint-Gobain Abrasives said in a statement “Increased user comfort is a massive bonus for Norton Quantum3 Grinding Wheels thanks to the special grain/bond composition which adapts to all grinding conditions and leads to a reduction in the vibration levels during the operation, this, in turn, maximizes performance.”

 

Gain More Insights into the Abrasives Market Research Report: https://www.fortunebusinessinsights.com/abrasives-market-102177

Some of the Major Companies Operating in the Abrasives Market Include:

  • The 3M Company (U.S.)
  • Saint-Gobain (U.S.)
  • Krebs & Riedel (Germany)
  • Asahi Diamond Industrial Co., Ltd. (Japan)
  • Robert Bosch GmbH (Germany)
  • Fujimi Incorporated (Japan)
  • Henkel AG & Co. KGaA (Germany)
  • Carborundum Universal Limited (India)
  • NIPPON RESIBON CORPORATION (Japan)
  • KWH Mirka (Finland)
  • NORITAKE CO., LIMITED (Japan)
  • Other Key Players

Surging Construction Industry to Aid Expansion in Asia Pacific

The market in Asia Pacific is expected to experience a rapid growth rate during the forecast period owing to the booming construction industry in countries such as China, Japan, and India. The increasing advancement and urbanization will influence the healthy growth of the market in the region. The metal fabrication and machinery business in china will contribute positively to the growth of the market. Europe is expected to witness a substantial growth rate during the forecast period due to rising automobile production and consumption. The growing inclination towards the cleaning and maintenance of automobiles will spur opportunities for the market. The market in North America is expected to bolster impressively due to the rapid development of precision tooling and machine part manufacturing in the US.

Rising Technological Advancement to Propel Market in North America

The market in North America stood at USD 9232.8 million in 2018 and is expected to grow rapidly during the forecast period. The growth in the region is attributable to the advancement in precision tooling and machine part manufacturing along with technological development. Europe is likely to witness high growth during the forecast period owing to the automobile production hub in the region. The rising demand for cleaning and maintenance of automobiles to augment the growth of the market in Europe.

Pulp and Paper Market Size, Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

The global Pulp and Paper Market growth is expected to gain impetus from the increasing usage of e-commerce platforms by youngsters to purchase cosmetics, groceries, and food items. It is mainly occurring because of the increasing usage of smartphones and internet worldwide. This information is published by Fortune Business Insights™ in a new report, titled, “Pulp & Paper Market Size, Share & Industry Analysis, By Category (Wrapping & Packaging, Printing & Writing, Sanitary, News Print and Others), and Regional Forecast, 2020-2027.”

The report further mentions that the pulp & paper market size was USD 348.83 billion in 2019 and is projected to reach USD 368.10 billion by 2027, exhibiting a CAGR of 0.8% during the forecast period.

The outbreak of the COVID-19 pandemic has brought the world economy to a risky stage. It has disrupted supply chains, caused shortages of beds in hospitals, and halted production of a wide range of industries. Until a vaccine is found, we don’t know till how long this situation will persist. Our reports would help you in finding the right strategy to battle this pandemic.

 

Segment-

Wrapping & Packaging Segment to Lead Owing to Usage of Paper Based Packaging Products

Based on category, the market is fragmented into newsprint, sanitary, printing & writing, wrapping & packaging, and others. Out of these, the wrapping & packaging segment generated 52.9% pulp & paper market share in 2019 and is likely to dominate in the coming years. This growth is attributable to the rising usage of paper based packaging products. Additionally, the increasing penetration of the retail sector & e-commerce have surged the demand for wrapping & packaging paper.

Browse Complete Research Report Summary: https://www.fortunebusinessinsights.com/pulp-and-paper-market-103447

Regional Analysis-

Asia Pacific to Lead Backed by Increasing Demand for Paper Based Products

Asia Pacific is set to be the leading consumer of pulp & paper in the world. India is expected to showcase a robust growth throughout the forthcoming years because of the high demand for paper based products in the country. In Malaysia, Indonesia, and Vietnam, the increasing economic growth would open doors to opportunities for paper manufacturers. North America, on the other hand, held USD 64.11 billion in terms of revenue in 2019.

Fortune Business Insights™ lists out the names of all the prominent pulp & paper manufacturers operating in the market. They are as follows:

  • International Paper (Tennessee, USA)
  • Georgia-Pacific Corporation (Georgia, USA)
  • Nine Dragon Paper (Holdings) Ltd. (Hong Kong)
  • Stora Enso Oyj (Helsinki, Finland)
  • Sappi Limited (Johannesburg, South Africa)
  • Kimberly-Clark Corporation (Texas, USA)
  • UPM-Kymmene Oyj (Helsinki, Finland)
  • Svenska Cellulosa Aktiebolaget (SCA) (Sundsvall, Sweden)
  • Oji Holding Corporation (Tokyo, Japan)
  • Nippon Paper Industries Co., Ltd. (Tokyo, Japan)
  • The Smurfit Kappa Group (Dublin, Ireland)
  • WestRock (Georgia, USA)

Drivers & Restraints-

Rising Shift of Companies towards Environmentally-friendly Solutions will Spur Growth

Pulp & paper are considered to be the most recyclable and sustainable materials used in packaging across the globe. Nowadays, the environmental concerns are surging and this is further compelling the manufacturers to shift towards more eco-friendly paper packaging solutions. Thus, the prominent FMCG, cosmetics, and food companies are joining hands with pulp & paper manufacturers to develop novel paper packaging solutions.

Apart from that, the emergence of the COVID-19 pandemic has raised the demand for tissue papers, especially from hospitals. These factors would contribute to the pulp & paper market growth in the near future. However, as paper industries require huge amounts of wood, the rate of water crisis & deforestation is increasing day by day. It may hinder the growth of the market for pulp & paper.

Protective Gloves Market Trends, Business Opportunities, Challenges, Size, Share, Growth Insights to 2026

The global Protective Gloves Market is expected to gain impetus from the rapid growth of various sectors such as food processing, oil & gas, healthcare, chemical, and production facilities. Protective gloves help to minimize occupational risks of various factors and are a necessity in several industries.

A published report by Fortune Business Insights estimates the market to rise at a CAGR of 11.7% between 2020 and 2027. market was USD 12.37 billion in the year 2019 and is expected to reach USD 35.20 billion by the end of 2027.

The world is undergoing a major economic crisis as a result of the rising COVID-19 pandemic. The healthcare industry is facing major crisis as the number of coronavirus positive patients are exceeding the number of beds available at hospitals and medical centres. Most of the businesses are at a temporary halt and the ones able to manage working from homes are barely able to survive the rough waters.

Meanwhile, Fortune Business Insights is offering special analytical reports on different industries impacted by the COVID-19 pandemic. These reports will help investors study the market in detail and accordingly make strategies for future revenue generation.

Drivers & Restraints-

Growing Application by Food and Beverage Sector to Bolster Growth

The surging rate of population and the rapid growth of various industrial setups such as manufacturing industries, food processing, chemical, and oil & gas are the key factors propelling the global protective gloves market growth. In addition to this, the advent of technological advancement into various industries will help add impetus to the growth of the market.

On the contrary, factors such as skin issues, namely, rashes, allergies, and others related to the continuous use of protective gloves for long duration may hamper the growth of the market in the forecast period.

Nevertheless, the current coronavirus pandemic propelled the imposition of stringent regulations by the governments on employee safety and security. These are likely to create lucrative future growth opportunities for the market in the long run.

Browse Complete Research Report Summary: https://www.fortunebusinessinsights.com/protective-gloves-market-103369

Segmentation-

Healthcare & Medical Segment Bagged Largest Share Attributed to Increasing Use of Medical and Surgical Gloves

The global market for protective gloves was dominated by the healthcare and medical sector in 2019. This is attributed to the outbreak of the COVID-19 pandemic and the increasing use of medical and surgical gloves among the healthcare workers. However, the construction segment earned 19.5% in terms of share 2019 and is likely to showcase significant growth in the coming years on account of the rising infrastructural development, especially in the developing nations.

 

 

Some of the Key Players of the Market forProtective Gloves include:

  • Jiangsu Hanvo Safety Product Co., Ltd. (Jiangsu Province, China)
  • Huihong (NANTONG) Safety Products Co., Ltd (Shanghai, China)
  • QS Safety (Shanghai, China)
  • Hartalega Holdings Berhad (Kuala Lumpur, Malaysia)
  • Lalan Group (Pvt) Ltd (Malwana, Sri Lanka)
  • 3M (Minnesota, U.S.)
  • Supermax Corporation Berhad (Selangor, Malaysia)
  • Kossan Rubber Industries Bhd (Kuala Lumpur, Malaysia)
  • Showa Glove Co. (New York, U.S.)
  • DIPPED PRODUCTS PLC (Colombo, Sri Lanka)
  • PIP Global (New York, U.S.)
  • Others

Regional Analysis-

North America Dominated Market Due to Stringent Government Regulations on Gloves and Mask Use

Regionally, North America earned a revenue of USD 4.68 billion in 2019 and emerged dominant on account of the rising awareness about the importance of health and stringent impositions on the use of protective products such as masks, sanitizers, gloves, and others. Furthermore, the rising outbreak of pandemics such as Ebola, Swine Flu, Coronavirus, and others are likely to aid in the expansion of the regional market in the coming years.

On the other side, the market in Asia Pacific will showcase a notable growth on account of the growing price of raw materials, a rise in the awareness about maintaining safety measures in workplaces, and the improving infrastructure and facility of the healthcare sector.

Butane Market Size, Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

The Global butane prices is likely to derive growth from the growing applications of LPG gas.

Strategic Collaborations Among Companies to Boost Growth

The increasing number of company collaborations has offered several growth opportunities for the companies operating in the global butane market. With a bid to establish a strong brand presence in a market that contains several companies, ONGC, one of the leading companies in India completed the acquisition of HPCL. ONGC is likely to generate significant butane market revenue in the coming years. Fortune Business Insights has predicted that ONGC’s latest acquisition will constitute an increase in the global butane market size in the forthcoming years.

According to a report by Fortune Business Insights, titled “Butane Market Size, Share and Global Trend By Application (LPG (Residential/Commercial, Automotive, Others), Petrochemicals, Refinery, Others) and Geography Forecast till 2026,” the market will grow considerably in the coming years due to the high demand for the product across the world.

List of the leading companies that are operating in the global butane market are:

  • BP
  • Chevron Phillips Chemical
  • ConocoPhillips
  • ExxonMobil
  • Total, Air Liquid
  • China Petroleum & Chemical Corporation
  • Devon Energy Corporation
  • Linde,
  • Shell
  • Praxair
  • Reliance Industries Limited
  • Cabot Oil & Gas Corporation
  • Marathon Petroleum Corporation
  • Whiting Petroleum Corporation

Browse Butane Market research Report Summary: https://www.fortunebusinessinsights.com/industry-reports/butanes-market-100763

Butane is a colorless gas that possesses properties such as easily liquefiable and flammability. The butane is blended with gasoline and used as isobutene in several applications across diverse industries. The maximum portion of butane manufactured across the world is used as LPG. The increasing concerns regarding environmental preservation have led to increased adoption of LPG as fuel alternatives. The properties such as reduced pollution and a positive impact on the efforts to reduce global warming. LPG emits around 33% fewer carbon emission compared to coal. The increased adoption of LPG will lead to a subsequent rise in the demand for butane across the world.

The report segments the global butane market based on applications and regional demographics. Based on regional demographics, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the Asia Pacific has witnessed the highest growth in recent years.  The growing government subsidiaries associated with the use of LPG will aid the growth of the butane market in the Asia Pacific.

Owing to its Environment-friendly Nature, LPG is Projected to Witness High Demand

The global butane market is segmented based on applications into LPG, petrochemicals, and refinery. Among all applications, the LPG segment is likely to witness the highest growth due to the favorable government subsidies. LPG is being increasingly used as an alternative to combustible fuel and coal.

LPG allows reduced gas emission and the same efficacy as fuel or coal. Furthermore, LPG is cheaper than petroleum and other gases, thereby leading to increased adoption across the world. The use of LPG is not just limited to automobiles; it is also used widely in the residential and industrial sectors. LPG is used as a petrochemical feedstock for generating other produce.

Medical Plastics Market Trends, Business Opportunities, Challenges, Size, Share, Growth Insights to 2026

The global medical plastics market size is projected to reach USD 54.29 billion by 2027, exhibiting a CAGR of 7.1% during the forecast period. Meteoric rise in the demand for personal protective equipment (PPE) across countries will inevitably fuel the uptake of medical plastics, finds Fortune Business Insights™ in its report, titled “Medical Plastics Market Size, Share & Industry Analysis, By Application (Medical Disposables, Medical Instruments, Prosthetics & Implants, Drugs Packaging, and Others), and Regional Forecast, 2020-2027”. PPE is made from plastics and other polymers and the on-going COVID-19 pandemic has escalated the demand for such equipment among frontline health workers worldwide. In Texas, for instance, the request for PPE from healthcare facilities surged from less than 2,000 in the third week of June to more than 22,000 in the last week of the same month. In India, the Apparel Export Promotion Council (AEPC) estimates that the domestic demand for PPE will be worth INR 10,000crore in the upcoming year and worldwide, the business will stand at an estimated value of USD 60 billion. Thus, the outbreak of the COVID-19 pandemic is expected to prove beneficial for this market in the immediate future.

Market Driver

Deferment of EU MDR to Support Medical Plastics Market Growth

The European Medical Device Regulation (EU MDR) is an updated batch of regulations framed to monitor and govern the production and distribution of medical devices sold in Europe. The new regulations are focused on adopting a life-cycle approach to medical devices owing to the rapidly aging population in the continent. The regulations are based on the rationale that the probability of malfunctions and accidents associated with medical devices used to treat aging people is higher than normal. The EU MDR was expected to create a major turmoil in the medical plastics industry in Europe. However, with the coronavirus raging across the globe, the European Parliament has decided to postpone the enactment and implement of this regulation to May 2021 so that companies can focus on prioritizing the production of medical devices to battle the pandemic. This decision, therefore, augurs well for this market.

Regional Insights

Changing Dynamics of Health Industry in Asia Pacific to Fuel Market Growth

Asia Pacific is expected to lead the medical plastics market share in the coming years owing to evolving dynamics and preferences in the healthcare industry in the region. For example, there is growing awareness about sanitation and hygiene in healthcare facilities in India and China, which is spiking the adoption of advanced medical plastics in the region.

In North America, where the market size was at USD 5.36 billion in 2019, the market is anticipated to be characterized by high healthcare spending and excellent R&D infrastructure for medical research. The market in Europe is also expected to register considerable growth owing to favorable government policies promoting the adoption of medical plastics, especially during the current coronavirus pandemic.

 

Gain More Insights into the Medical Plastics Market Research Report

https://www.fortunebusinessinsights.com/medical-plastics-market-102136

List of Companies Profiled in the Medical Plastics Market Report:

  • Eastman Chemical Company (the U.S.)
  • GW Plastics (the US)
  • Solvay (Belgium)
  • Evonik (Germany)
  • Celanese Corporation (the U.S.)
  • Nolato AB (Sweden)
  • Röchling (Germany)
  • Covestro AG (Germany)
  • BASF SE (Germany)
  • SABIC (Saudi Arabia)

Competitive Landscape

Prioritization of Response to COVID-19 to be Central Focus for Key Players

As the coronavirus continues to wreak havoc around the world, key players in the market for medical plastics are focused on prioritizing their response of this unprecedented health crisis. Many companies have boosted their production to produce essential equipment for frontline health workers, while some others are ramping up their R&D spending to launch innovative solutions for the health industry.

Lubricants Market Growth Drivers, Size, Industry Revenue, Business Forecast to 2026

The global lubricants market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.

This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.

Drivers & Restraints-

Rising Development of Environment-Friendly Products to Propel Growth

The governments of several countries are persistently trying to promote the usage of lubricants to create energy saving engines and to develop environment friendly products. This is because the parts of the engine that lack lubricants require more fuel for operation as they are prone to friction. This further causes pollution and emission in the atmosphere. Many OEMs have started entering into agreements with other prominent manufacturers to act in accordance with the government policies. These factors are expected to augment this market growth in the near future.

Manufacturers Shift to Polypropylene Production amidst COVID-19

However, the current outbreak of the COVID-19 pandemic has declined the sales of lubricants across the globe. This has caused numerous manufacturers, such as ExxonMobil and 3M to shift to the production of polypropylene from lubricants and oils. Polypropylene is extensively used for producing hand sanitizers, gowns, medical shields, and masks. This way, they are able to generate more sales by helping in fulfilling the ever-increasing demand for preventive measures.

Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/industry-reports/lubricants-market-101771  

 

Regional Analysis-

Rising Demand for Equipment Flexibility to Favor Growth in Europe

In terms of region, North America procured USD 27.18 billion revenue in 2019. Asia Pacific is expected to grow significantly backed by the high demand from the automotive and industrial sectors. Apart from that, the increasing expenditure in multiple industrial sectors and growing population are likely to affect the market positively in this region.

Europe, on the other hand, is expected to grow considerably fueled by the rapid development of high-end equipment and machineries in the industrial sector. Also, the rising need to surge the efficiency of vehicles, as well as the high demand for equipment flexibility would drive the market growth in this region.

 

Fortune Business Insights™ lists out the names of all the lubricants manufacturers operating in the global market. They are as follows:

  • Petro China Company Limited
  • Chevron Corporation
  • ExxonMobil Corporation
  • Royal Dutch Shell Plc.
  • Total Group
  • BP plc
  • Castrol
  • Valvoline LLC
  • Global Lubricant Industry LLC
  • Shield Lubricants
  • JXTG Nippon Oil & Energy Corporation
  • The FUCHS Group
  • AMALIE Oil Co.
  • Other key companies

Regional Analysis-

Rising Industrial & Automotive Applications to Favor Growth in Asia Pacific

Geographically, North America held USD 26.62 billion in terms of revenue in 2018. Asia Pacific is expected to remain dominant throughout the forthcoming years fueled by the increasing demand for lubricants from the automotive and industrial applications. Apart from that, the rising population and high expenditure in many industrial countries would drive growth in this region.

Europe, on the other hand, is expected to showcase moderate growth in the near future stoked by the high demand for equipment flexibility. Additionally, the increasing need to refine the efficiency of vehicles would generate more demand for lubricants. Coupled with this, the developments in high-end machinery for industrial usage would also accelerate growth.

Methanol Market Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

The global methanol industry is set to grow astonishingly backed by the rising shift of the transportation industry towards methanol-powered vehicles. The main reason for this is that methyl alcohol reduces the emissions of carbon dioxide in the atmosphere. This information is given by Fortune Business Insights™ in a new report, titled, “Methanol Market Size, Share & Industry Analysis, By Feedstock (Natural Gas, Coal, Biomass & Renewables), By Derivative (Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others), By Application (Construction, Automotive, Electronics, and Others) and Regional Forecast, 2020-2027.” The report further states that the methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. 

This Report Answers the Following Questions:

  • What are the current trends and dynamics of the market?
  • Which region is expected to dominate the market?
  • What are the market drivers and hindrances?
  • How will the companies cope with the COVID-19 pandemic?

Drivers & Restraints-

High Demand from Automotive & Construction Industries to Aid Growth

Heavy fuels, namely, diesel and gasoline are considered to be the major causes of environmental pollution. They often result in global warming and rapid changes in climate. Hence, the fuel industry is inclining towards methanol-infused fuels to lower the severe climatic conditions. Methyl alcohol is also used extensively as a transportation fuel owing to its possession of multiple properties. When mixed with gasoline, it reduces the toxic emissions. Apart from that, its high demand from construction and automotive industries would also contribute to the methanol market growth in the coming years. However, the outbreak of the COVID-19 pandemic is expected to affect the market negatively as the manufacturers have shut down their plants temporarily.

Segment-

Formaldehyde Segment to Grow Rapidly Fueled by Increasing Demand from Multiple Industries

Based on derivatives, the market is segregated into solvent, MTO/MTP, biodiesel, gasoline blending, DME, MTBE, acetic acid, formaldehyde, and others. Out of these, the acetic acid segment held 5.4% in terms of methanol market share in 2019. The formaldehyde segment is likely to be the largest throughout the forthcoming years owing to their high demand from a wide range of industries, such as textile, automobile, and construction.

 

Browse Complete Research Report Summary: https://www.fortunebusinessinsights.com/industry-reports/methanol-market-101552

Fortune Business Insights™ lists out the names of all the methanol manufacturers operating in the global market. They are as follows:

  • Methanex Corporation
  • HELM AG
  • Southern Chemical Corporation
  • SABIC
  • Mitsubishi Gas Chemical Company, Inc.
  • Zagros Petroleum
  • PETRONAS
  • Mitsui & Co., Ltd.
  • Celanese Corporation
  • BASF SE
  • Simalin Chemical Industries Pvt. Ltd.
  • Other Players

Regional Analysis-

Rising Production of Green Fuels to Favor Growth in North America

Geographically, in 2019, Asia Pacific procured USD 17.94 billion in terms of revenue. It is anticipated to be the major contributor to the market growth backed by the persistent expansion of the construction and automotive industries. China is a significant consumer and manufacturer of methanol derivatives. North America, on the other hand, is set to exhibit high growth stoked by the rising fuel blending and the increasing production of green fuels in this region.