Specialty Chemicals Market : Global Leading Players, Industry Updates, Future Growth, Share, Size by 2028 According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021. However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them. Solvay Launches New Line of High-Performance PPA Compounds Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry. Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield. The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector. Acquisition Activities to be the Predominant Expansion Strategies for Key Players The widening applicability of specialty chemicals is encouraging companies to rapidly expand their market presence. In pursuit of this goal, key players are making strategic acquisitions of other competitors, smaller entities, and financially weaker organizations. Such acquisitions are empowering players to gain an immovable and enviable position in the market, whilst diversifying their portfolios and strengthening their operations in emerging economies. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517

Protective Clothing Market Scope and overview, Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2027 As per study by Fortune Business Insights™, the global protective clothing market is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period. Regional Analysis- North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China. Segment- Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019. Competitive Landscape- Key Manufacturers Aim to Enhance Portfolio through Acquisitions A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/protective-clothing-market-102707

Urea Market Size | 2021 Industry Analysis By COVID-19 Impact, The global urea market size was valued at USD 107.28 billion in 2021. The market is projected to grow from USD 129.52 billion in 2022 to USD 150.61 billion by 2029, exhibiting a CAGR of 2.2% during the forecast period. Information Source: https://www.fortunebusinessinsights.com/urea-market-106850 https://www.globenewswire.com/news-release/2022/10/10/2530640/0/en/Urea-Market-to-Worth-USD-150-61-Billion-by-2029-With-Register-CAGR-of-2-2.html

Military Sensor Market #electric #semiconductor The Military Sensor Market is predicted to expand at a robust CAGR over the forecast period (2020-2027). The factors driving the growth of Military Sensor Market includes increasing use of military sensors in missiles, radars, and combat aircrafts, growing popularity of microelectromechanical systems (MEMS)-based devices and rising adoption of advanced Unmanned Ariel Vehicles (UAV) to combat terrorism. For more info: https://gmiresearch.bcz.com/2022/10/07/military-sensors-market-size-trends-growth-and-report-2027/

Lactose Free Dairy Products Market #Food The Lactose-Free Dairy Products Market is expected to reach USD 23476 million by the end of 2027, growing at a CAGR of 6.4% over the forecast period (2020-2027). The factors driving the growth of Lactose-Free Dairy Products Market includes growing demand for organic food and beverages, rise in the lactose intolerant population, and increase in the consumption of hazelnut milk around the world. For more info: https://gmireesearch.blogspot.com/2022/10/lactose-free-dairy-products-market-size.html

Pharmaceutical Packaging Industry Demand. Global The global pharmaceutical packaging industry size is expected to reach USD 153.93 billion by 2027, exhibit a CAGR of 6.4% during the forecast period. The growing adoption of novel https://www.fortunebusinessinsights.com/pharmaceutical-packaging-market-102860 https://www.globenewswire.com/en/news-release/2022/09/12/2514075/0/en/Pharmaceutical-Packaging-Market-Size-to-Exceed-USD-153-93-Billion-by-2027-Striking-CAGR-of-6-4.html

Aerospace Composites Industry Future Demand, Global Research The global aerospace composites industry is expected to reach USD 29.69 billion by 2026 exhibiting a CAGR of 9.27% between 2019 and 2026. This is owing to the rapid development Information Source: https://www.fortunebusinessinsights.com/aerospace-composites-market-102680 https://www.globenewswire.com/news-release/2022/08/30/2506515/0/en/Aerospace-Composites-Market-Size-to-Worth-USD-29-69-Billion-by-2026-Aerospace-Composites-Industry-Expected-to-Grow-at-CAGR-of-9-27.html

With over 1,000 CGT clinical trials underway, the industry could see as many as 10 to 20 new therapies approvals per year starting 2025. The market size valued at $13.1 billion in 2020 is expected to expand at a compound annual growth rate (CAGR) of 20.3% until 2028 #airports #pharmaceuticalshippers #Pharma_Aero #aircargoindustry #end_to_endtransportation #biopharmaproducts #CGTproducts #Clinicalresearch #advancedtherapymedicinalproducts #cellandgenetherapy #genetherapy #clinicaltrials #lifecells #clinicalsupplychain #logisticssolutions #Airtransport #supplychain #logisticsflows #planning #procurement #distribution #airtransport

Hyperloop Technology Market #Technology The Hyperloop Technology Market is anticipated to grow at a robust CAGR during the forecast period (2021-2028). For more info: https://gmireesearch.blogspot.com/2022/08/hyperloop-technology-market-size-share.html

Hydrogen Aircraft Market #aerospace The hydrogen Aircraft Market is predicted to grow at a steady CAGR during the forecast period (2021-2028). For more info: https://gmireesearch.blogspot.com/2022/08/hydrogen-aircraft-market-size-share.html