Tech Tornado News

Outdoor Furniture Market Projected to Witness Vigorous Expansion by 2027

According to our latest market study on "Global Outdoor Furniture Market Forecast to 2027 - COVID-19 Impact and Analysis by Material (Metal, Plastic, Wood, and Others),Product (Chairs, Tables, Seating Sets, Loungers and Daybeds, and Dining Sets), End User (Residential and Commercial), and Geography". The global outdoor furniture market was valued at US$ 17,843.7 million in 2018 and is projected to reach US$ 26,598.5 million by 2027; it is expected to grow at a CAGR of 4.5% from 2019 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Outdoor furniture like chairs, tables, seating sets, dining sets, loungers, daybeds, and hammocks are quite popular among the residential and commercial customers. The outdoor furniture market on a global scale has been witnessing substantial growth in the new past. Factors, for example, a rise in consumer spending and traveling trends have brought about a flood in the number of tourists across the world. These factors are for the most part observed in tourist spots, beach sides, and slope stations, thereby leading to increased counts of inns, lodgings, visitor houses, resorts, open spaces, and public gardens. Consequently, a growing number of lodgings and restaurants are further expected to push the outdoor furniture market during the forecast time frame.

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Consumer spending on traveling and tourism has considerably increased across the world. A change in consumer way of life has brought about a rise in investment for traveling and exploration activities. The travel and tourism sector has become a significant contributor in developing inclination towards the use of outdoor furniture to enhance the esthetic appeal of commercial and residential spaces along with catering to the extravagance needs of consumers. According to The United Nations World Tourism Organization (UNWTO), the international tourist arrivals across the world rose up by 6% in 2018 that was accounted for 1.4 billion. Further, as stated by The World Travel and Tourism Chamber (WTTC) in 2018, the travel and tourism sector generated 10.4% of global Gross domestic product. Additionally, European nations are considered to be the most favored hub for tourism. Moreover, the rising rate of tourism in nations like Singapore, Malaysia, and Thailand is also propelling the market growth in the region.

Agio International Company, Ltd.;Ashley Home Stores, Ltd.;Barbeques Galore;Brown Jordan;Century Furniture LLC;Home crest Outdoor Living LLC;Keter Group;Inter IKEA Systems B.V.;Florida Patio Furniture Inc.; and Polywoodare among the deeply grounded players in the global outdoor furniture market others.

The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread around the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, Spain, France, and Germany, are among the most awful affected nations with regards to positive cases and reported deaths. According to the WHO figures updated in June 2020, approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. The outbreak has affected economies and industries because of lockdowns, travel bans, and business closures. Consumer products is one the world's major industries suffering serious disruptions, for example, inventory network breaks, innovation events cancellations, and office closures because of this pandemic. China is the global manufacturing hub and is the largest raw material provider for various industries; however, it is also one of the most horrendously awful affected nations by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global stock chains and adversely impacting the manufacturing and sales of various outdoor furniture companies. The overall market break down because of COVID-19 is also affecting the outdoor furniture market growth because of shutting down of factories, obstacle in store network, and decline in world economy.

The Report Segments the Global Outdoor Furniture Market as Follows:

By Material

Wood
Metal
Plastic
Others

By Product

Chairs
Tables
Seating Sets
Loungers and Daybeds
Dining Sets

By End User

Residential
Commercial

By Geography

North America
- US
- Canada
- Mexico
Europe
- Germany
- Italy
- UK
- France
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of South America

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Electrical Protective Equipment Market Expected to Witness a Sustainable Growth by 2027

According to our latest market study on "Electrical Protective Equipment Market to 2027 - COVID-19 Impact and Global Analysis and Forecast by Product (Insulated Tools, Face and Eye Protection, Respiratory Protection, Protective Apparels, Head Protection, and Others); End User (Manufacturing, Construction, Oil and Gas, Healthcare, Transportation, and Others), and Geography," the market was valued at 12,890.2 Mn in 2019 and is projected to reach 15,658.6 Mn by 2027; it is expected to grow at a CAGR of 2.6% from 2019 to 2027. The report highlights the key factors driving the market growth, and prominent players and their developments in the market.

The extreme regulatory agenda regarding specialist safety principally in created nations propels the demand for electrical protective equipment. Also, the growing adoption of OSHA-regulated products to lessen the impact of injurious openings is the crucial factor in supporting the market growth. Further, OSHA coordinates the utilization of choosing the right protective gear. The increasing concerns regarding the safety of laborers has potentially flooded the demand for various electrical protective equipment, mainly face and eye protection equipment, which includes surgical masks, face safeguards, protective goggles, and respirators. While working on empowered parts, there exist a possibility of the generation of electric arcs; in this manner, the specialists should be protected with nonconductive, durable, and heat-resistant electrical protective equipment that offer deflection qualities.

Growth in the adoption of face and eye protection is creating significant opportunities for electrical protective equipment providers. The market for face and eye protection equipment is expected to reach US$ 4,269.84 million by 2027 Face and eye protection can be achieved by wearing eyewear, specially intended to mitigate the risk of openness to chemical splashes or laser radiation. The high growth of the market for face and eye protection is expected to create significant global demand for electrical protective equipment.

3M, Alpha Pro Tech, Ansell Ltd., Cintas Corporation, Delta Plus Group, Honeywell International Inc., Lakeland Inc., MSA, NSA-National Safety Apparel, and Mallcom (India) Ltd., are among the leading players operating in the electrical protective equipment market. Several other players are also functioning and are contributing significant incomes to the market.

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COVID-19 Impact on Electrical Protective Equipment Market

According to the World Health Organization (WHO) report, the US, Spain, Italy, France, Germany, the UK, Turkey, Iran, China, and Russia are a portion of the most obviously terrible affected nations by the COVID-19 outbreak. The COVID-19 crisis is affecting the industries around the world, and the global economy is anticipated to take a most horrendously terrible hit in 2020, as well as in 2021. The outbreak has primarily created significant disruptions in industries like consumer electronics, semiconductor, automotive, and IT infrastructure. All these industries are crucial for the growth of global electrical protective equipment market as they contribute a major share to the total demand for electrical protective equipment. The factory closures, travel bans, trade bans, and line lockdowns to combat and contain the transmission have impacted both manufacturing and sales of various products. The global manufacturing industry is one of the major industries that is suffering significant disruptions because of production network issues and manufacturing closures.

The report segments the global electrical protective equipment market as follows:

By Product

Insulated Tools
Face and Eye Protection
Respiratory Protection
Protective Apparels
Head Protection
Others

By End-user

Manufacturing
Construction
Oil & Gas
Healthcare
Transportation
Others

By Geography

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM

Cell Therapy Market Will Escalate Rapidly in the Near Future

According to our new market research study on "Cell Therapy Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Therapy Type, Product, Technology, Application, and End User," the market is expected to reach US$ 12,563.23 million by 2027 from US$ 7,260.50 million in 2019. It is estimated to grow at a CAGR of 7.2% from 2020-2027. The growth of the market is attributed to increasing prevalence of chronic diseases, rising adoption of regenerative medicines, and surging number of approvals for cell-based therapies. However, the high cost of cell therapy manufacturing hinders the growth of the market.

The cell therapy market, based on therapy type, is bifurcated into allogeneic and autologous. In 2019, the allogeneic section accounted for a larger share owing to the availability of substantial number of approved products for clinical use. For instance, in 2018, Alofisel created by TiGenix (Takeda) is the primary allogeneic foundational microorganism based therapy approved for use in Europe.

Chronic diseases, like cardiovascular disorders, neurological disorders, autoimmune disorders, and cancer, are the leading causes of death and disability around the world. According to the Habitats for Disease Control and Prevention (CDC), in 2019, nearly 6 in 10 individuals experienced at least one chronic disease in the US. Cardiovascular diseases (CVDs) are a significant cause of mortality owing to the furious way of life. According to the World Health Organization (WHO), CVDs are the number 1 cause of death globally, taking an estimated 17.9 million lives each year. Cancer is among the leading causes of mortality around the world, and the disease affects a tremendous population; therefore, it acts as a colossal financial weight on society. According to the WHO, in 2018, ~9.6 million deaths happened because of cancer globally. However, growing research on developing powerful treatments for the disease is positively affecting the market growth. Quality therapy and cell therapy are transforming the cancer treatment landscape; for example, Novartis Kymriah is used to treat diffuse large B-cell lymphoma. The launches of additional such products would be driving the demand for cell therapy, thus driving the growth of the cell therapy market in the coming years.

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The COVID-19 outbreak was first detailed in Wuhan (China) in December 2019. The pandemic is causing massive disruptions in supply chains, consumer markets, and economy across the world. As the healthcare sector is focusing on saving existences of COVID-19 patients, the demand for cell therapy is reducing around the world.

Vericel Corporation; MEDIPOST; NuVasive, Inc.; Mesoblast Limited; JCR Pharmaceuticals Co. Ltd.; Smith & Nephew; Bristol-Myers Squibb Company; Cells for Cells; Stemedica Cell Technologies, Inc; and Castle Creek Biosciences, Inc. are among the companies operating in the cell therapy market.

The Report Segments Cell Therapy Market as Follows:

By Therapy Type

Allogeneic
Autologous

By Product

Consumables
Equipment
Systems and Software

By Technology

Viral Vector Technology
Genome Editing Technology
Somatic Cell Technology
Cell Immortalization Technology
Cell Plasticity Technology
Three-Dimensional Technology

By Application

Oncology
Cardiovascular
Orthopedic
Wound Management
Other Applications

By End User

Research Institutes
Hospitals
Others

By Geography

North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Spain
- Italy
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
South and Central America (SCAM)
- Brazil
- Argentina

Optical Coherence Tomography Angiography Equipment Market : Emerging Trends, Business Growth Opportunities, Major Driving Factors

According to our new research study on "Optical Coherence Tomography Angiography Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market is expected to grow from US$ 388.50 million in 2021 to US$ 616.31 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028. The report highlights trends prevailing in the optical coherence tomography angiography equipment market and factors driving its growth. The rising prevalence of eye-related disorders and a surge in the geriatric population propel the demand for optical coherence tomography angiography equipment. However, the lack of skilled professionals and technical challenges associated with systems hamper the optical coherence tomography angiography equipment market growth.

Based on type, the optical coherence tomography angiography equipment market is bifurcated into tabletop type and handheld type. The tabletop fragment held a larger market share in 2021 and is expected to retain its dominance during the forecast period. Moreover, the handheld section is estimated to register a higher CAGR during the forecast period. Most flow angiography equipment are tabletop systems that are typically used for imaging compliant, seated subjects. However, this type cannot be applied for imaging crucial patient populations — including confined to bed patients, patients undergoing surgeries in operating rooms, young kids in clinics, and infants in intensive care nurseries. Tabletop OCT angiography systems have conveyed reproducible outcomes in clinical and research studies, however these systems won't be quickly utilized for pediatric applications. Therefore, handheld OCT systems have been used to bring the point-of-care feature for imaging these patient populations, for detecting retinopathy or prematurity ROP.

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Impact of COVID-19 Pandemic on Optical Coherence Tomography Angiography Equipment Market

The COVID-19 pandemic has adversely affected various industries, like manufacturing and healthcare, and its long-term repercussions are expected to hamper the healthcare industry growth during the forecast period. Because of the rising number of cases, lockdown and business shutdowns were imposed by governments of various countries to control transmission. Suspended business activities hindered the growth of economies, and decreased capital expenditures and investments in high-ticket machines. Many of these investments were canceled or postponed, resulting in a cascade of hospital medical equipment purchases. Many non-essential, elective medical treatments and surgeries were postponed, rescheduled, or canceled amid the COVID-19-related restrictions in various regions of the world, which lowered the demand for angiography equipment in 2020. However, this global crisis has prompted the increased demand for accurate diagnoses and treatments in North America.

Several players in the optical coherence tomography angiography equipment manufacturing market engage in meeting the growing demands for imaging solutions. NIDEK CO., LTD.; Carl Zeiss AG; OPTOVUE INCORPORATED; Canon, Inc.; OPTOPOL TECHNOLOGY SP. Z.O.O; Alcon Inc.; Michelson Diagnostics Ltd.; Topcon Corporation; SANTEC Corporation; and HEIDELBERG ENGINEERING GMBH are among the leading companies operating in the optical coherence tomography angiography equipment market.

The report portions the optical coherence tomography angiography equipment market as follows:

The optical coherence tomography angiography equipment market has been fragmented on the basis of type and end user. Based on type, the optical coherence tomography angiography equipment market is fragmented into handheld type and tabletop type. Based on end user, the optical coherence tomography angiography equipment market is fragmented into hospitals, clinics, and others. By geography, the optical coherence tomography angiography equipment market is fragmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Center East and Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Center East and Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).

Mineral Insulated Cable Market Incredible Potential Examined in New Research Report

According to our latest market study on "Mineral Insulated Cable Market Forecast to 2027 - COVID-19 Impact and Global Analysis - Type (Power Cable, Heating Cable); Cladding (Copper, Stainless Steel, Others.); End-User Industry (Energy and Power, Oil and Gas, Construction, Pharmaceuticals, Others), and Geography," the market was valued at US$ 951.72 million in 2019 and is projected to reach US$ 1,337.00 million by 2027; it is expected to grow at a CAGR of 5.7% during the forecast period. The report highlights key factors driving the market growth, and prominent players and their developments in the market.

In the energy and power sector, temperature and tension measurement instruments play a significant job in large-scale power plants, peak-load electricity generation plants, and decentralized frameworks, among others. The globally mounting number of gas turbine power plants; coal, gas, nuclear, hydro power, and thermal power stations; biogas plants; and wind power stations — to satisfy the consistently increasing demand for electricity — is fueling the adoption of temperature and tension measurement instruments. This factor is probably going to influence the adoption of mineral insulated cables in the temperature and strain measurement frameworks in these facilities.

MICC Limited manufactures GDCD16 cable plans for power stations. It has been chosen as a provider by key power generation companies, including E.ON, EDF, and RWE, as well as by Nuclear Sellafield sites in the UK. Such abundant presence of coal-terminated plants, power generation plants, and nuclear sites plays a significant job in boosting the growth of the mineral insulated cable market for the energy and power industry. Thus, the use of cables in high-temperature applications is rising with the growing construction of nuclear power plants in the US, South Africa, Saudi Arabia, and so on.

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COVID-19 Impact on Mineral Insulated Cable Market

COVID-19 outbreak has been affecting each business globally since December 2019. Continuous growth in the quantity of virus-infected patients has constrained legislatures to put a bar on humans and products transport. The COVID-19 pandemic has weakened various activities across numerous industries. The energy and power generation industry is also hit hard by the outbreak because of limited manpower and disruption in production network of components and administrations. The mineral insulated cable market players in various nations also faced the challenge of confined manpower availability, whereas in several nations, the activities of nuclear decommissioning have been required to be postponed owing to the imposition of lockdowns by separate state run administrations.

The Report Segments the Mineral Insulated Cable Market as Follows:

By Type

Power Cable
Heating Cable

By Cladding

Copper
Stainless Steel
Others

By End-User Industry

Energy and Power
Oil and Gas
Construction
Pharmaceuticals
Others

By Geography

North America

US
Canada
Mexico

Europe

Germany
UK
France
Italy
Russia
Rest of Europe

Asia Pacific (APAC)

China
India
Japan
Australia
South Korea
Rest of APAC

Middle East & Africa (MEA)

South Africa
Saudi Arabia
UAE
Rest of MEA

South America (SAM)

Brazil
Argentina
Rest of SAM

Industrial Battery Market: Pin-Point Analysis for Changing Competitive Dynamics

According to The Insight Partners’ research, the global industrial battery market was US$ 12,501.9 million in 2019 and is slated to be worth US$ 21,893.5 million by 2027, with a CAGR expected to grow at 7.3% during the forecast period. The rising adoption of grid-connected solutions ensures an uninterruptable power supply and increases the requirement for lithium-ion batteries.

Using battery energy storage systems for grid-connected solutions benefits grid operators by enabling electric energy time-shift, renewable energy time-shift, baseload leveling, peak shaving, and renewables capacity firming. There is rising adoption of grid-connected solutions as these systems can reserve excess electricity when generation surpasses demand. Moreover, market players are coming up with new grid solutions for maintaining a competitive edge in the industrial battery market. For example, Siemens offers SIESTORAGE, an intelligent grid solution capable of overcoming the challenges operators face during optimization of grid connections, provision of elastic energy for modern grids, and supporting large energy consumers, which are the three main parameters in power supply. Also, in July 2015, EDP Distribuicao offered a Storage InovGrid tender to Siemens in Évora, Portugal. SIESTORAGE provides services such as voltage regulation, energy backup, and replicating intelligent grids benefits to the grid operators. These are the factors creating more demand for grid-connection solutions.

Earlier, nickel-cadmium batteries were considered a suitable type of battery for portable equipment, ranging from wireless communications to mobile computing devices. Though lithium-ion batteries are presently the most used and most promising for several applications, ranging from smart grids to aerospace. Lithium-ion batteries are gaining popularity due to its impressive attributes such as recyclability, low emission, and long life. Also, these batteries are preferentially adopted for several industrial applications that deem temperature sensitivity, low maintenance, weight, and volume. Governments worldwide are aiming to expand the reach of digitalization and promote the utilization of various electronic devices, and have become the most important storage technology in the areas of portable and mobile applications. Henceforth, the increasing requirement for lithium-ion batteries in many applications is one of the key aspects driving the industrial battery market.

Conversely, the high capital investments required for deployment hinder the global industrial battery market.

Based on type, the global industrial battery market is segmented into lead-acid batteries, lithium-based batteries, nickel-based batteries, and others. Among these, lead-acid batteries led the domain by accounting for US$ 6,119.6 million, a market share of 48.9% in 2019. Further, it is anticipated to continue its dominance by holding 45.6%, i.e., US$ 9,993.9 million by 2027, with a CAGR of 6.4% growth during the forecast period.

On the basis of application, the market is categorized into telecom and data communication, industrial equipment, uninterruptible power supply (UPS)/backup, grid-level energy storage, mining, marine, and others. In 2019, the industrial equipment segment led the market by 48.4% in 2019; it is anticipated to continue its dominance during the forecast period, accounting for 45.8% of the industrial battery market by 2027. Further, the market is projected to reach US$ 10,016.9 million by 2027, and CAGR will record a stellar growth of 6.6% during 2020–2027.

Our regional frame of reference states that Asia Pacific dominated the market by capturing for 36.9%, i.e., market valued at US$ 4,620.9 million in 2019; it will continue to dominate by 2027 by accounting for 35.0% share and market value of US$ 7,664.9 million. Meanwhile, South America is anticipated to record a stellar growth rate of 9.6% CAGR over the forecast timeframe and amass US$ 648.05 million by 2027.

Key players profiled in the global industrial equipment market report are C&D Technologies, Inc; East Penn Manufacturing Company; EnerSys; Exide Industries Limited; General Electric Company; GS Yuasa International Ltd; LG Chem; Panasonic Corporation; Robert Bosch GmbH; and Saft Groupe SA.

In August 2017, C&D Technologies declared acquisition by KPS Capital Partners to support the organization’s growth organically and through strategic acquisitions.
East Penn Manufacturing launched a complete line of lead and lithium material handling battery products for Class I, II, and III operations in December 2019.
In June 2018, Exide Industries announced the launch of the joint venture with Leclanché to build lithium-ion batteries and energy storage solutions.

Renewable Chemicals Market: Value Chain, Stakeholder Analysis and Trends

According to the latest market study on "Renewable Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product (Alcohols, Organic Acids, Ketones, Platform Chemicals, Biopolymers, Others); by Application (Food and Beverages, Agriculture, Textiles, Transportation, Chemical Intermediates, Packaging, Bio-Medical and Pharmaceuticals, Others)," The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The report highlights key driving factors and prominent market players along with their developments in the market.

Renewable chemicals or bio-based chemicals are defined as those categories of chemicals, which are synthesized from renewable sources like agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals are categorized as sustainable and environment-accommodating chemicals which emits less carbon footprints as compared to traditional petro-based chemicals. The absolute most broadly available renewable chemicals are lignin, carbohydrates, oils, plant extractives, hemicellulose, cellulose, starch, protein, and others. Such chemicals find application in different application bases like food and beverage, agriculture, textiles, automotive, packaging and others.

Renewable sciences have been regarded as one of the viable ways to advance the quality of air, water, and soil and contribute to sustainability by commercializing the use of eco-accommodating bio-based chemicals in different applications. Eco-accommodating sustainable renewable chemicals can be obtained from renewable feedstocks like biomass, agricultural buildups or feedstock, and microorganisms with the assistance of green chemistry synthesis or biorefineries. The state run administrations of several economies have carried out severe regulations related to carbon and greenhouse gas emissions to advance great environment. For instance, the European Commission aims to achieve 80% reduction in the carbon emission by 2050 by phasing out ~ 81Mt of carbon dioxide to be used in clinker production. Regulatory bodies, like REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), EPA (Environmental Protection Agency), and European Commission force severe environment regulations on the production and disposal of petrochemicals. Also, the growing focus of European Union on the establishment of 'Green Economy' combined with its '20-20-20' initiative is phasing out the demand for petrochemicals. The reduction in oil assets along with political instability in the leading oil producing nations and volatility in the cost of oil based good increase inclination for renewable chemicals. Global warming and climate change are creating demand for healthy, green, and clean products. Additionally, the circular economy is creating over US$5.6 trillion worth of novel opportunities for the improvement of eco-accommodating advances including the innovation associated with renewable chemicals. Such collaborative endeavors, regulations, and initiatives drive the growth of the renewable chemicals market.

The ongoing pandemic has drastically altered the status of the industrial sector and have negatively impacted the growth of the renewable chemicals market. The implementation of measures to combat the spread of the virus has aggravated the situation and have impacted the growth of several industrial sectors. Industries, for example, food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals have been impacted by the unexpected distortion in operational efficiencies and disruptions in the value chains attributable to the abrupt conclusion of national and international boundaries. The significant decline in the growth of the several industrial sectors negatively impacted the demand for renewable chemicals in the global market. The disruptions as far as sourcing of raw materials from providers as well as temporarily terminations of manufacturing base because of indefinite lockdowns and temporary quarantines have impacted the growth of the market during pandemic period. Nevertheless, as the economies are planning to resuscitate their operations, the demand for renewable chemicals is expected to rise globally. Although the focus throughout just in time production is another concerning factor hindering market growth. The expanding demand of renewable chemicals across food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals, and other industries along with significant investment by prominent manufacturers is, expected to drive the growth for renewable chemicals.

Archer-Daniels-Midland Company (ADM), Cargill Inc, DSM, BASF SE, Amyris Inc, Evonik Industries AG, Solvay, The Dow Chemical Company, Genomatica, Inc, and Braskemare are among the well-established players in the global renewable chemicals market.

The report segments the global renewable chemicals market as follows:

By Product the Global Renewable Chemicals market is segmented into Acrylic, Alcohols, Organic Acids, Ketones, Platform Chemicals, Biopolymers, Others.

By Application the Global Renewable Chemicals market is segmented into Food and Beverages, Agriculture, Textiles, Transportation, Chemical Intermediates, Packaging, Bio-Medical & Pharmaceuticals, Others.

By Geography

North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM

Tech Tornado News

Outdoor Furniture Market Projected to Witness Vigorous Expansion by 2027

Electrical Protective Equipment Market Expected to Witness a Sustainable Growth by 2027

Cell Therapy Market Will Escalate Rapidly in the Near Future

Optical Coherence Tomography Angiography Equipment Market : Emerging Trends, Business Growth Opportunities, Major Driving Factors

Mineral Insulated Cable Market Incredible Potential Examined in New Research Report

Industrial Battery Market: Pin-Point Analysis for Changing Competitive Dynamics

Renewable Chemicals Market: Value Chain, Stakeholder Analysis and Trends

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