The global Refinery Catalyst Industry share is expected to gain momentum by reaching USD 5.84 Billion by 2028 while exhibiting a CAGR of 3.8% between 2021 to 2028. In its report titled "Refinery Catalyst Market, 2021-2028," Fortune Business Insights mentions that the market stood at USD 4.38 billion in 2020.

The increasing investment in research & development, technologies, and capacity expansion in the refinery sector is expected to drive the market during the forecast period. For instance, in September 2020, Clariant started constructing refining materials in China to produce CATOFIN, required in propane dehydrogenation. The company invested a major amount in China, which is likely to support the customer base in the local region.


What does the Report Provide?

The market report for refinery catalysts provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. The different market segments and their regional analysis are discussed in the report. Further, it talks about the dominant strategies adopted by key players such as the introduction of new products, partnerships, and collaboration that will further contribute to the market growth. Lastly, it provides information on the impact of COVID-19 on market growth.

Driving Factor

Growing Demand for Octane Fuel to Promote the Market Growth


Information Source:

https://www.fortunebusinessins....ights.com/industry-r

The global ready-mix concrete industry is expected to gain traction from the crucial efforts undertaken by prominent manufacturers to curb the emissions of greenhouse gases (GHG). To do so, they are frequently surging the percentage of additives in ready-mix concrete, such as slag or fly ash for improving energy efficiency and reducing the consumption of ordinary Portland cement. This information is given by Fortune Business Insights™ in a recent report, titled, “Ready-Mix Concrete Market Size, Share & Industry Analysis, By Application (Residential, Commercial, Infrastructure, and Others), and Regional Forecast, 2020-2027.” The report further mentions that this market size was USD 633.4 billion in 2019 and is projected to reach USD 1,227.2 billion by 2027, exhibiting a CAGR of 8.7% during the forecast period.


Drivers & Restraints-

Rising Investments in Construction Projects to Propel Growth

Several private and government organizations are increasingly investing in construction projects across the globe. These consist of the construction of commercial buildings, railroads, highways, power generation sector, real estates, bridges, and urban infrastructure. Apart from these, in the developing countries, such as South Korea, India, China, and Mexico, the agencies are investing hefty amounts of money in urbanization. It is further skyrocketing the demand for this concrete. The global construction industry is also expanding backed by the reduced labor cost and availability of plenty of equipment and tools. These factors are expected to boost the ready-mix concrete market growth in the near future.

Segment-

Residential Segment to Dominate Stoked by Increasing Demand for Housing Sectors

Based on application, the market is segregated into infrastructure, commercial, and residential, and others. Out of these, the infrastructure segment held 28.70% in terms of ready-mix concrete market share in 2019. This growth is attributable to the increasing urbanization, which, in turn, is resulting in the construction of roads, water systems, power generation systems, and highways. The residential segment would dominate the market throughout the coming years stoked by the high demand for housing sectors, especially from Asia Pacific as the population of this region is growing rapidly.

Browse Summary:

https://www.fortunebusinessins....ights.com/ready-mix-

Antimicrobial Coatings Market Analysis Report, Share, Trends and Overview 2021-2028
The global antimicrobial coating industry size is predicted to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period. The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings market growth, states Fortune Business Insights in a report, titled Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 3,690.0 Million in 2019. The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period.

Market Driver:

Strong Utilization of Antimicrobial in Disease Prevention to Improve Business Prospects

The increasing application of antimicrobial coatings in healthcare facilities can be a vital factor in inflating the demand of the market. For instance, Healthcare-related infections (HCAI), also known as nosocomial infections lead to a high rate of morbidity and mortality in patients. As per the World Health Organization, Fact Sheet, Hundreds of millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses for health systems. The rising cases of HCAI in the developing nations will create opportunities for the market. The World Health Organization, states in high-income countries, approximately 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection. Likewise, the European Center for Disease Prevention and Control (ECDC) estimates that about 4.1 million acute care patients develop an HCAI annually, with 37,000 deaths directly attributed to HCAI. The increasing cognizance of HCAI and pandemics such as COVID-19 will lead to the improvement in the safety and hygiene of patients in hospitals, which, in turn, will aid the expansion of the market. Also, the rising concertation to prevent the growth of microbes, which can lead to infections or cause product degradation will foster healthy growth of the market.

Market Restraint:

Hazardous Effects of Antimicrobial on the Environment to Restrict Growth

The toxic agents found in antimicrobial coatings can lead to severe environmental damage, which can consequently dampen the growth of the market. Active ingredients released from the coatings end up in different locations, thus leading to microbiota exposure and potential adversities for the environment. The rising knowledge of antimicrobial coatings risk-factors is likely to dwindle the market revenue during the forecast period. The biocidal products are potentially lethal, i.e. they exhibit toxic properties to various types of cells or organisms due to inhibition of target organism proliferation such as pathogenic bacteria or microorganism biofilms.

Regional Analysis:

Favorable Laws and Policies will Strengthen Market in North America

The market size in North America stood at USD 1,383.5 million in 2019. North America and is likely to remain dominant during the forecast period. The growth in the region is attributed to the rising demand for antimicrobial coatings in indoor air / HVAC and medical applications. Favorable Healthcare Policies and laws will further promote the market in North America. The rising demand from the food & beverages and apparel industry in the U.S. and Canada will support the growth in North America. The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market. The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the market in North America.

Significant Development:

January 2019: Akzo Nobel N.V., a global leader and produced of powder coatings, announced that its Interpon AM range, containing BioCote antimicrobial protection was selected to be applied on 2,350 door handles in Abu Dhabi clinic. This coating combats the growth of microbes such as bacteria and mold.

The Report Lists the Main Companies in the Antimicrobial Coatings Market

Akzo Nobel N.V.
Axalta Coating Systems
PPG Industrial Coatings
John Desmond Limited
BASF SE
Nippon Paint (India) Company Limited
The Sherwin-Williams Company
DuPont
Damond Vogel
Information Source: -

https://www.fortunebusinessins....ights.com/antimicrob

 

www.fortunebusinessinsights.com

Antimicrobial Coatings Market Size, Share | Global Report, 2027

The global antimicrobial coatings market size was USD 3,690.0 million in 2019 and is projected to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period

Metal Fiber Market Comprehensive Insight by Growth Rate, Trends, Industry Status, Key Players Forecast till 2027, Fortune Business Insights
The global metal fiber industry growth is set to gain momentum from its surging usage in various aircraft as a sound attenuation element. Nowadays, the increasing population in cities is, in turn, raising the volume of air traffic. Hence, the demand for silent aircraft is increasing to lower noise pollution and to control air traffic. Fortune Business Insights™ published this information in a new report, titled, “Metal Fiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel, Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, Foil Shaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection, Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, and Others), By End-Use (Textile, Automotive, Aerospace, Power & Electronics, and Others), and Regional Forecast, 2020-2027.” The report further states that the metal fiber market size was USD 4,701.0 million in 2019 and is projected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5% during the forecast period.

Drivers & Restraints-

High Demand for Conductive Textile to Accelerate Growth

The demand for metal fiber is high from the textile industry worldwide. This is because of the recent trend of wearing smart textiles or e-textiles. Also, biomedical clothing contains electrodes made of conductive yarns. Besides, antistatic or conductive textiles are used extensively in a wide range of applications, such as military, electronic devices, home textiles, and optical & pharmaceutical industries.

However, the development of innovative metal fiber production technology requires the assistance of various fields, namely, pressure handling, powder metallurgy, porous materials, and non-woven manufacturing. Manufacturers sometimes are unable to keep up with the requirements. This factor may hamper the metal fiber market growth in the coming years.


Regional Analysis-

Asia Pacific to Remain at Forefront Backed by High Demand from India & China

Asia Pacific dominated the market in 2019 and is likely to remain in its position in the near future. This growth is attributable to the high demand for these fibers from India and China. Also, India would showcase a considerable demand from the textile and automotive industries. In 2019, North America procured USD 629.9 million in terms of revenue. The increasing usage of textiles, such as protective clothing, upholstery fabrics, and carpets is set to surge the demand for metal fiber in this region.

Competitive Landscape-

Key Players Focus on Expanding Production to Attract More Customers

The market is highly fragmented. Most of the companies are adopting strategies, such as investments, acquisitions, research & development activities, and innovation to strengthen their positions. Some of the others are broadening their production processes and shifting their facilities to bigger locations for attracting more customers. Below is a recent industry development:

Browse Link:

https://www.fortunebusinessins....ights.com/metal-fibe

 

www.fortunebusinessinsights.com

Metal Fiber Market Size, Share | Industry Forecast [2020-2027]

The global metal fiber market size was $4,701.0 Mn in 2019 and is projected to reach $6,561.6 Mn by 2027, at a CAGR of 4.5% during the forecast period

Activated Carbon Market Analysis By Key Players, Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2029
The global activated carbon industry growth size is projected to reach USD 4,064.7 million by the end of 2027. Increasing product applications across diverse industry verticals have opened up a massive platform for market growth. According to a report published by Fortune Business Insights, the market was worth USD 2,856.7 million in 2019 and will exhibit a CAGR of 4.8% during the forecast period, 2019-2027.

Activated carbon is a crude form of graphite that has the ability to adsorb a wide range of components. The porous nature of the substance enables properties such as porosity and larger surface area. The material is said to have the highest volume of adsorbing porosity with a surface area of over 1000 square meter per gram. The ability of activated carbon to concentrate the liquid or gaseous molecules on a solid surface makes it stand out from its product alternatives, thereby creating a massive demand. The increasing demand for the product will subsequently influence the growth of the overall market in the coming years. The presence of numerous large scale manufacturers will subsequently influence the growth of the market in the foreseeable future.

Coronavirus Outbreak has had an Adverse Impact on Businesses in Sectors Parallel to Activated Carbon

The recent coronavirus outbreak has had an adverse impact on several industrial sectors across the word. Accounting to the rapid spread of the disease, several countries have taken strict measures with the aim of limiting the adverse effects. The measures taken to curb the spread of the disease include lockdowns as well as social distancing norms. These activities, however, have had an adverse impact on several businesses across the world. Due to shutdowns in manufacturing and processing units, several SMEs in the activated carbon market have been forced to permanently shut down their businesses. It is seen that the vast majority of the companies that have been able to sustain the pandemic is the large scale companies.

Company Mergers and Acquisitions are an Increasing Trend Among Major Companies across the world

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It is observed that companies across all categories are focusing on mergers and acquisitions with regard to the recent success that this strategy has brought for numerous businesses. The rising number of company mergers and acquisitions will set the platform for rapid market growth. In September 2019, Oxbow Activated Carbon announced that it has been acquired by a large scale European firm. The latter will look to build on its existing portfolio of activated carbon derivatives, along with its vast experience on the global stage. The company will build on its 15 year experience through this acquisition. Such large scale company mergers and acquisitions as well as collaborations will bode well for the growth of the overall market in the coming years.

Asia Pacific to Emerge Dominant; Rising Population will Contribute to Increasing Product Demand

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for activated carbon in densely populated countries such as India and China has given the platform for regional as well as global companies. Although these two countries are not the largest producers of the product, they certainly are the largest consumers of activated charcoal across the globe. The increasing use of the products in specialty chemicals as well as cosmetic products has proven beneficial for the companies in this sector. As of 2019, the market in Asia Pacific was worth USD 1186.7 million and this value is projected to rise at a considerable pace in the coming years.


Information Source:

https://www.fortunebusinessins....ights.com/activated-

 

www.fortunebusinessinsights.com

Activated Carbon Market Size, Trends and Report [2021-2028]

The global activated carbon market is projected to grow from $3.12 billion in 2021 to $4.50 billion in 2028 at a CAGR of 5.4% in forecast period, 2021-2028