The global polylactic acid market size is expected to experience exponential growth by reaching USD 2,306,708.2 thousand by 2028. This information is published by Fortune Business Insights in its latest report, titled, “Polylactic Acid Market, 2021-2028.” The report further observes that the market stood at USD 698,200.9 thousand in 2020 and is projected to exhibit a CAGR of 16.3% between 2021 and 2028. Information Source - https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 Increasing Demand for PLA and Composites in Medical Industry In September 2020, Total Corbion PLA announced its plan to build its second PLA facility with an aim to manufacture up to 100,000 tons of PLA and its composites annually. According to the company, the new plant will be operational from 2024 at Grandpuits, France. The growing demand for biocompatible and biodegradable polymers across the medical industry for tissue engineering, medical implants, drug delivery systems, and orthopedic devices is expected to boost the market’s demand in the forthcoming years. Market Segmentation:2/1/2023
The global nanocoatings market size was USD 7,825.3 million in 2020 and is projected to reach USD 39,869.2 million by 2028, exhibiting a CAGR of 22.7% during the forecast period. This information is published by Fortune Business Insights, in its report, titled, “Nanocoatings Market, 2021-2028.” The growing demand from the construction sector for this material is among the prime aspects fueling market growth. Adoption of the product to encourage sustainability and preserve energy is considerably increasing the market growth. Furthermore, the surging implementation of abrasion-resistant products from the automotive sector is likely to foster the market growth. Information Source - https://www.fortunebusinessinsights.com/nanocoatings-market-105023 Report Coverage:1/30/2023
The global aerospace composites market size is projected to reach USD 29.69 billion by 2026, exhibiting a CAGR of 9.27% during the forecast period. Heavy reliance on carbon fiber composites for manufacturing aircraft components will be the key growth driver for this market, states Fortune Business Insights™ in its report, titled “Aerospace Composites Market Size, Share & Industry Analysis, By Fiber Type (Carbon, Glass, Aramid, and Others), By Aircraft (Commercial Aircrafts, Military Fixed Wings, Business Aircrafts & General Aviation, Jet Engines, Helicopter and others), and Regional Forecast, 2019-2026”. Carbon fiber composites replaced aluminium as the primary material for making airplanes a few decades ago as aluminium was proving economically infeasible for aircraft manufacturers. The switch to carbon fiber was based on the material’s lightweight properties as well as high durability and tensile strength. Moreover, carbon fiber, unlike other metals, is resistant to corrosion and fatigue and therefore, reduces maintenance costs of aircrafts. For example, Boeing utilizes carbon fiber composites in making all parts of its iconic 787 Dreamliner to keep it lightweight and sturdy. Thus, emergence of carbon fiber has augured well for the market for aerospace composites. information Source - https://www.fortunebusinessinsights.com/aerospace-composites-market-1026801/24/2023
The global masterbatches market size is likely to reach USD 13.32 billion by 2026 owing to the rising number of building and construction activities worldwide. Masterbatches are liquid or solid additives used for painting or for imparting various properties to plastics. Coloring masterbatches are utilized for coloring or shading plastic items. It can also be used for conveying properties such as UV Stabilizer, antioxidant, effect, energy, and bio-degradable. A recent report by Fortune Business Insights offers insights into the market and its prime growth trajectories. As per the report titled, “Masterbatches Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2019-2026,” the value of the market was USD 10,991.04 Million in 2018 and is likely to exhibit a CAGR of 5.3% during the forecast period, 2019 to 2026. Information Source - https://www.fortunebusinessinsights.com/masterbatch-market-102353 What is the Scope of the Report? The report is based on an in-depth analysis of the market and offers a comprehensive ve overview of the same. The report focuses on factors boosting, repelling, challenging, and creating opportunities for the market. It also discusses the table of segmentation of the market based on factors such as type, polymer, end-use, and geography and lists the names of the leading segment with their attributed factors. In addition to this, the report throws light on recent industry developments, current trends, and other interesting insights into the market. It also lists the names of players operating in the market and the major strategies adopted by them to gain a competitive edge in the market. Market Drivers1/23/2023
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