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September 2020
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Glycolic Acid Market Business Opportunities by Size, Share, Top Companies and Insights by 20268/18/2020
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Polymer Foam Market Key Manufacturer, Size, Industry Revenue Analysis And Forecast To 20268/17/2020
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Metalworking Fluids Market Size Overview in 2020, Revenue, Growth, and Global Industry Report 20268/17/2020
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Blow Molded Plastics Market set for rapid growth forecast 2019-2026 | Key Players:INEOS, Rutland Plastics, Berry Global, Inc., Magna International, Comar, LLC, Apex Plastics, , Creative Blow Mold Tooling, Agri-Industrial Plastics Company, etc
The global blow molded plastics market Share is predicted to reach USD 105.75 Billion by 2026, exhibiting a CAGR of 4.7% during the forecast period, the market was valued at USD 73.66 Billion in 2018. Some of the major applications of blow molded plastics are transportation, packaging, building & construction, electrical & electronics, consumer products, and others. Blow molded plastics are majorly used in the packaging industry as it possesses numerous properties, such as heat resistance and lightweight. It is the perfect material for packaging. The packaging segment accounted for 48.98% in 2018 and is expected to grow significantly. The blow molded plastics also have considerable demand in the building and construction industry due to applications such as pipes and fittings, wires, and others. The increasing applications of blow molded plastics will boost the blow molded plastics trends in the forthcoming years. The report offers valuable insights into all the prevalent trends of global Blow Molded Plastics Market size. It shares an all-encompassing synopsis of all the segments and provides analytical statistics on the different regions of the market. It is created after extensive research followed by complete analysis to support companies, stakeholders, financers and potential investors. It is designed to provide a vibrant illustration of the market size. In addition, it also includes the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others. List of Best Companies in the blow-molded plastics market Include;
Acquisition of MHT Holding AG by Krones will Facilitate Speedy Growth The growing government support for recycling and reusing plastic to eradicate pollution and landfills will enable the growth of the market. This factor will create lucrative opportunities for plastic manufacturers and recyclers in the coming future. Furthermore, in November 2018 Krones, a filling and packaging equipment manufacturer, which also includes blow molded machines acquired MHT Holding AG, a mold and hot runner supplier for PET performs, based in Germany. This acquisition was made to expand the company’s PET value chain to meet the increasing demand from customers. The acquisition between the companies is expected to aid the healthy growth of the market in the foreseeable future. Moreover, the acquisition of Quality Plastics, LLC by IntraPac International Corporation, is expected to uplift the Blow Molded Plastics Market share during the forecast period. For instance, IntraPac International Corporation, a manufacturer of rigid packaging solutions, acquired Quality Plastics, LLC, a manufacturer of custom extrusion to containers, based in Arizona. With this acquisition, IntraPac will further expand its manufacturing footprint on the West Coast and expand its product offering into high-density polyethylene bottles segment. Increasing Demand for Ready-To-Eat Packaged Food to Support Growth in Europe North America generated a revenue of USD 13.57 Billion and is expected to grow profoundly during the forecast period owing to the presence of key players in the region. Blow Molded Plastics Market in Europe is projected to witness high growth in the forthcoming years. The increasing demand for ready-to-eat packaged food and beverages will contribute positively to the growth of the market. Besides, the growing utilization of blow molded plastics for drinking water and juices bottles is another factor driving the market in Europe. Latin America and the Middle East & Africa is expected to exhibit a slower growth rate market value compared to other regions due to the fewer production capacities for blow molded plastics in the area, coupled with low population.
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Agricultural Films Market Size Overview in 2020, Revenue, Growth, and Global Industry Report 20268/16/2020
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Cross Laminated Timber Market 2020 Size Expansion, Share, Growth, Trends and Demand Forecast to 20268/9/2020 The global Cross Laminated Timber Market size is projected to reach USD 2,062.2 million by the end of 2027. The increasing construction and building activities will create several growth opportunities for the companies operating in the market. According to a report published by Fortune Business Insights, titled “Cross Laminated Timber Market Size, Share & Industry Analysis, By Bonding Technology (Adhesive Bonded and Mechanically Fastened), By Application (Residential Buildings, Non-Residential Buildings, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 756.9 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2020-2027.Cross laminated timber is a type of engineered wood that is used in applications that require product with higher load handling capabilities. The product is engineered with three layers of solid-sawn wood that are bind together with an adhesive or mechanical pressure. This is mainly done to increase the rigidity of the product and used in heavy-weight applications. The product was initially developed in the Alpline countries of Europe and is gaining rapid popularity in North America as well as Asia Pacific. The increasing investment in the development of efficient products, driven by increasing applications of the product across diverse industries, will have a positive impact on the growth of the market in the coming years. The favourable properties of cross-laminated timber such as good acoustic and thermal insulation will fuel the demand for the product across the world.
Increasing Efforts taken to Maximize the Production of CLT Will Aid Growth The report encompasses several factors that have contributed to the growth of the overall market in recent years. It highlights a few of the key strategies adopted by major companies and discusses their impact on the overall market. Due to the increasing demand for CLT across the world, several large scale companies are looking to increase the production capacity of this material through the integration of advanced technologies. In December 2019, Structurlam Mass Timber Corporation announced that it has expanded its operations in the United States. The company announced that it has begun the construction of its new manufacturing plant in Conway, Arkansus. The company claims that this plant will improve its production capacity and will open by the end of 2021. The company stated that it has invested around USD 90 million in the manufacturing plant with a view to addressing the massive product demand in the southern, eastern, and central parts of the United States. Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/cross-laminated-timber-clt-market-102884 List of Key Companies Profiled in the Cross Laminated Timber Market Research Report are:
Industry Developments: August 2019: Binderholz GmbH announced that it has expanded its cross-laminated timber production capacity by integrating a new, digitized, and fully automated plant at Burgbernheim, Germany. Regional Analysis Europe Accounted for the Highest Share; Increasing Construction Activities Will Provide Impetus to Market Growth The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Europe is projected to emerge as the dominant region in the coming years. The increasing construction activities will lead to a wider product adoption, subsequently creating several growth opportunities for the companies operating in the market. Driven by the massive demand for the product, the market in Europe accounts for around 65% of the overall market share. As of 2019, the market in Europe was worth USD 466.48 million and this value is projected to increase further in the coming years. The market in North America will witness considerable growth owing to the huge adoption of locally manufactured CLT. |