Optical Coatings Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2024 The global optical coating market size was USD 12.01 billion in 2020. The market is expected to grow from USD 13.04 billion in 2021 to USD 22.57 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Optical Coating Market, 2021-2028.” According to our researchers, the market is projected to inflate owing to the latest technological progressions in the field of optical deposition methods and fabrication, along with increasing demand for dominant optical products in end-use applications. Additionally, numerous industry players put in efforts on R&D to advance their coating procedures and supplies in order to deliver high-performance optical coverings, and this is estimated to drive the market growth in the near future. COVID-19 Impact: Lockdown Hinders Global Trade and Declines Optical Coating Demand The stringent government rules regarding lockdown infliction and travel ban resulted in a decrease in usage of vehicles and eventually a sudden drop in automobile purchasing. A sharp dip in tourism was observed as people were forced to stay at home during the COVID-19 pandemic, due to which the automotive sector plunged. Automobile deals in China are enduring to improve at a quick rate. For instance, in August 2020, vehicle deliveries were roughly about 2.2 million vehicles, which is on a higher side by 11.6% to that of last year. On a year-over-year foundation, aggregate trades declined by 10% from January to August 2020. Specific sectors such as consumer electronics, medical, and telecommunication observed stable growth amid the pandemic. As per IEEE Consumer Electronics Magazine, in general customer technology procurements is estimated to be on a lower side in 2020 on account of the universal economic consequence on many customers. Nowadays, people are more dependent than ever on their user devices to interconnect with others and function from home.
2/1/2022Aerospace & Defense Materials Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2024 The global aerospace & defense materials market size is projected to reach USD 23,825.45 million by 2027, exhibiting a CAGR of 4.21% during the forecast period. Growing number of air passengers worldwide will steadily expand the market, shares Fortune Business Insights™ in its new report, titled “Aerospace & Defense Materials Market Size, Share & Industry Analysis, By Materials (Titanium Alloys, Aluminum Alloys, Composites, Super Alloys, Steel and Others), By Aircraft (Commercial, Military, Business & General Aviation and Others) and Regional Forecast, 2020-2027”. According to the International Air Transport Association (IATA), the demand for air travel rose by 7.4% in 2018 from 2017 levels. Air passengers accounted for 81.9% of the load factor on aircrafts, while freight load was 49.3%, the IATA data reveals. Rising deployment of airplanes for passenger and cargo transport necessitates the utilization of efficient materials in building aircraft components. Any laxity shown in the quality of materials used will endanger the lives of thousands of passengers and put at risk highly valuable cargo. Thus, increasing air travel has escalated the demand for next-gen aerospace & defense materials. The report states that the market value was at USD 18,411.83 million in 2019. The other highlights of the report include: In-depth evaluation of the market trends, drivers, and restraints; Detailed examination of the different market segments;
2/1/2022Castor Oil Derivatives Market Market Analysis By Key Players, Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2027 The global castor oil derivatives market size is expected to reach USD 1,429.7 million by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing demand for organic cosmetics products will create lucrative business opportunities for the market, states Fortune Business Insights, in a report, titled “Castor Oil Derivatives Market Size, Share & COVID-19 Impact Analysis, By Product Type (Sebacic Acid, Ricinoleic Acid, Hydrogenated Castor Oil, 12-Hydroxy Stearic Acid, Dehydrated Castor Oil and Others), Application (Cosmetic & Pharmaceuticals, Plastic & Resins, Lubricants, Biodiesel, and Others) and Regional Forecast, 2020-2027.” The market size stood at USD 1,035.4 million in 2019. The coronavirus incident has brought the world to an unforeseen stop. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. The report on thecastor oil derivatives marketuncovers:
2/1/2022Face Shields Market Report, Price, Share, Size, Development by 2028 The global face shields market size is expected to gain momentum by reaching USD 1,642.1 million by 2028. Fortune Business Insights in its latest report, titled “Face Shields Market, 2021-2028.”, observes that the market stood at USD 832.3 million in 2020 and is projected to exhibit a CAGR of 8.8% between 2021 and 2028. This is attributable to the increasing awareness regarding industrial occupational hazards that is likely to surge the demand for the product. Market Segmentation: Based on the product, the global market is bifurcated into a full face shield and half face shield. On the basis of type, the market is divided into reusable and disposable. Furthermore, on the basis of the end-user industry, the market is classified into manufacturing, construction, oil & gas, chemical, food, pharmaceutical, transportation, and others. Lastly, on the basis of region, the market is segregated into North America, Europe, Latin America, the Middle East and Africa, and Asia-Pacific. What does the Report Include?
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