The global acetaldehyde market size was valued at USD 1.53 billion in 2021. The market is projected to grow from USD 1.58 billion in 2022 to USD 1.98 billion by 2029, exhibiting a CAGR of 3.3% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Acetaldehyde Market, 2022-2029.” Information Source- https://www.fortunebusinessinsights.com/acetaldehyde-market-107120 Segments: Surging Demand for Basic Dyes and Polymer Resins to Promote Market Augmentation As per application, the market is divided into chemical synthesis, food & beverages, pharmaceuticals & cosmetics, paints & coatings, and others. Chemical synthesis segment captured 52.9% of the market share in 2021 owing to rising demand for basic dyes and polymer resins in end-use industries. This will contribute to the rising demand for derivatives in the coming years. Regionally, the global market is fragmented into North America, Europe, Asia Pacific, and Rest of the World. Report Coverage: The report examines the market systematically and thoroughly by dividing it into segments and regions. Growth rate estimates, market share held, and revenue predictions for each segment and region are also given. A deep-dive analysis of leading companies in the domain and strategic moves undertaken by them to maximize sales and profits generated is given in the document. A comprehensive COVID-19 impacts section is included to inform investors about the after-effects of the pandemic on the market. Drivers and Restraints: Expanding Pharmaceutical and Chemical Industry to Generate Product Demand Acetaldehyde, also known as ethanal, is used as a raw material in the production of various pharmaceutical products and chemicals. It is widely used to manufacture pentaerythritol and peracetiac acid. These chemicals find a wide range of applications in chemicals and pharmaceuticals industries. The expansion of chemical and pharmaceutical industries will thus aid the global acetaldehyde market growth. On the other hand, increasing concerns regarding toxic effects of ethanal such as irritation, headaches, and dizziness have prompted governments to regulate the usage of such chemicals. This will act as a challenge for businesses operating in this domain. Regional Insights: Asia Pacific to Lead Backed by Surging Demand for Chemicals and Food & Beverages Asia Pacific captured the largest global acetaldehyde market share in 2021 owing to growth of leading consumer industries. The food & beverage and chemical industries have grown rapidly in recent years due to the availability of raw materials. This, in turn, will boost the demand for ethanal and contribute to market expansion. Meanwhile, Europe is slated to record significant expansion in the coming years due to surging product demand from cosmetics and pharmaceuticals industries. Surging demand for derivatives such as pyridine bases, pyridine, ethyl acetate, and acetic acid from pharmaceuticals & paints & coatings sectors will facilitate market escalation in this region. The Latin America market is propelled by easy availability of alternative raw materials such as bioethanol. Bioethanol is used in the production of acetaldehyde and is available in corn and sugarcane, which are grown in significant quantities in Mexico and Brazil. Competitive Landscape: Key Players Announce Acquisitions to Increase Net Sales Leading companies use several tactics to strengthen their foothold in the market. One such move is acquiring other prominent players in the domain to expand their reach, increase product sales, and improve brand value. Launching new products to meet consumer requirements is another essential strategy to generate massive revenues. Key Industry Development: July 2022: Sumitomo Chemical Co., Ltd. announced its decision to acquire Nativa through its subsidiary Agro Amazonia Produtos Agropecuários S.A. This move will expand its geographical footprint in Brazil and help the company in achieving growth in net sales. List of Key Players Mentioned in the Report: Solvay SA (Belgium) Eastman Chemical Company (U.S.) Jubilant Life Sciences (India) Sumitomo Chemical Co. Ltd. (Japan) Arkema (France) Honeywell International (U.S.) Laxmi Organic Industries Ltd. (India) SHOWA DENKO K.K. (Japan) Wacker Chemie AG (Germany) Celanese Corporation (U.S.)

Flat Glass Market Growth Accelerating at a Rapid Pace due to Innovative Strategies | According to a recently published report by Fortune Business Insights The global flat glass industry is likely to gain traction from the rapid industrialization. It is driving the demand for flat glass as they are being used extensively in the commercial buildings to conserve energy. It is done by maximizing the usage of natural light. Fortune Business Insights™ provided this information in a recent report, The report further states that the flat glass industry share was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. Drivers & Restraints- Rising Government Initiatives to Promote Energy Efficiency will Drive Growth Furthermore, the rising utilization of flat glass in commercial and residential buildings is enabling the usage of natural light and is reducing the consumption, as well as the cost of artificial lights. The governments of various countries are also implementing various stringent norms and regulations to promote energy efficiency. Researchers say that buildings adopting these rules are consuming approximately 40%-60% less energy, unlike the conventional buildings. However, the decomposition of raw materials and combustion of fuel oil often emit carbon dioxide in the atmosphere. It may obstruct the market growth. Segment- Ability to Improve Solar Gain will Drive Growth of the Coated Segment Based on product type, the market is categorized into toughened, laminated, extra clear, coated, and others. Out of these, in 2018, the coated segment held 23.9%flat glass market share. This growth is attributable to the possession of numerous beneficial properties of coated flat glass. These include enhanced self-cleaning, hydrophobic, anti-reflection, and insulation properties. Such glass aids in improving solar gain and in maintaining the heat inside the building. The laminated segment, on the other hand, holds the major share fueled by their upsurging demand from the construction and automotive industries. It is because they are capable of remaining intact when broken. Regional Analysis- Asia Pacific to Remain at the Forefront Stoked by Rising Infrastructural Development Geographically, the market is divided into the Middle East and Africa, South America, Asia Pacific, Europe, and North America. Amongst these, Asia Pacific generated USD 53.41 billion in 2018in terms of market revenue. This growth is mainly attributable to the rising investments by the governments of various countries in infrastructural development, as well as construction activities. Besides, China, being the largest contributor to the demand for flat glass, would propel the overall growth in this region. North America is expected to grow considerably backed by the presence of various government regulations on constructing energy efficient buildings. Source:https://www.fortunebusinessinsights.com/flat-glass-market-102720

Ultra-High Molecular Weight Polyethylene Market : Global Leading Players, Industry Updates, Future Growth, Share, Size by 2027 The global ultra-high molecular weight polyethylene market size is estimated to showcase eminent growth owing to the increasing demand from the aerospace and defense industry, observes Fortune Business Insights™ in its report, titled, “Ultra-High Molecular Weight Polyethylene Market Size, Share & Covid-19 Impact Analysis, By Form (Sheets & Films, Rods & Tubes, Fibers, Tapes, and Others), By End-Use (Automotive, Aerospace & Defense, Medical, Chemical, Electronics, and Others) and Regional Forecast, 2020-2027.” The market size was USD 1,691.2 million in 2019 and is anticipated to reach USD 3,319.0 million by 2027, exhibiting a CAGR of 10.1% during the forecast period. Highlights of the Report: In order to prepare this report, we have captured data on the revenue of several key players through secondary sources such as company websites, corporate filings, annual reports, and investor presentations. We have conducted extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives in order to track and analyze competitive developments such as partnerships, mergers & acquisitions, new product launches, and research & development activities. Our next step included the bottom-up procedure to arrive at the overall size of the market. Drivers & Restraints- Increasing Demand for Protective Gear from Aerospace and Defense Industry to Drive Growth The increasing demand for protective gear and equipment from the aerospace and defense industry, coupled with the high demand for a durable material to make fuel-efficient vehicles in the automotive industry is anticipated to drive the ultra-high molecular weight polyethylene market growth. In addition, the increasing military spending among nations is predicted to further strengthen the demand for UHMWPE. For instance, as per an article published on the World Economic Forum, in 2017, the military expenditure worldwide was estimated to reach USD 1739 billion. However, the high cost associated with the product is projected to hinder the growth of UHMWPE. Regional Insights- Increasing Demand for Electric Vehicles in U.S. to Help North America Dominate North America is projected to dominate the global ultra-high molecular weight polyethylene market share with a value of USD 646.6 million in 2019. The increasing demand for electric vehicles in the U.S. is projected to drive the growth of ultra-high molecular weight polyethylene in the region. For instance, according to the U.S. International Trade Commission, there has been a 67% increase in EV sales between 2017 and 2019. Competitive Landscape- Increasing Production Capacity to Aid Key Players Expand Customer Bases Prominent players operating in the global ultra-high molecular weight polyethylene market are focusing on expanding their production capacities. This will help them fill the demand-supply gap and expand their customer base. Browse Summary: https://www.fortunebusinessinsights.com/ultra-high-molecular-weight-polyethylene-uhmwpe-market-102953