High Strength Steel Market Size Report, Trend, COVID19 Impact, Industry Outlook, Derive Growth, Share, Revenue
The global high strength steel market size is projected to reach USD 54.07 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period. Increasing demand for electric vehicles (EVs) worldwide is expected to emerge as a crucial growth determinant for this market, states Fortune Business Insights™ in its report, titled “High Strength Steel Market Size, Share & COVID-19 Impact Analysis, By Type (High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Martensitic (MS), and Others), By Application (Automotive; Building & Construction; Mechanical & Heavy Equipment; Rail, Aviation & Marine; and Others), and Regional Forecast, 2020-2027”. According to the International Energy Agency (IEA), in 2019, global EV sales reached 2.1 million, surpassing 2018 levels and boosting the world EV stock to 7.2 million. EV car sales registered 40% year-on-year increase, accounting for 2.6% of the total global car sales in 2019. HSS has emerged as a promising technology for EVs as this steel lowers the weight of the car, while providing superior strength and enhanced protection. Moreover, HSS also serves as an excellent battery protector for EVs owing to its high strength and low weight. Furthermore, advanced HSS such as SSAB’s cold formable Docol® improve vehicle performance, making them more fuel-efficient and lower emissions.

Market Driver

Multiple Benefits of HSS in Construction to Stoke Adoption

High strength steel offers a wide array of advantages to the construction industry. According to the Australian Steel Institute (ASI), the high-yield stress and tensile strength of HSS can be leveraged to increase design stresses, which can potentially reduce the required plate thickness and lower deadweight. The ASI estimates that savings ranging between 28% and 38% are possible if high strength steel is deployed for primary building columns in large structures. This advanced steel variant also provides superior durability and strength to withstand tectonic activities. For example, in New Zealand, where seismic activities are common, purlins, beams, and rafters made from ultra-high strength tensile steel are extensively used to counter the devastating effects of earthquakes in the regions. Thus, expanding utilization of HSS in the construction industry is likely to fuel the high strength steel market growth in the near future.

Regional Insights

Dynamic Growth in Automotive Manufacturing to Augment the Asia Pacific Market

Asia Pacific led the high strength steel market share in 2019 and is expected to retain its dominant position during the forecast period owing to the dynamic expansion of the automotive industry, especially in China. Heavy equipment manufacturing and construction activities in India will further propel the regional market, while advancements in e-mobility in Japan and South Korea are anticipated to boost adoption of HSS.

In Europe, the demand for high strength steel is slated to rise on account of rapid uptake of electric and hybrid vehicles, stoked by the stringent emission norms in the region. The market in North America will be mainly driven by the high consumption advanced steel products in automotive and equipment manufacturing industries in the United States.


Information Source:

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

Thermoplastic Polyurethane Market Key Drivers, Industry Share and Future Growth Demand Analysis by 2029, Fortune Business Insights
The global thermoplastic polyurethane (TPU) market size is expected to reach USD 3.81 billion by 2028 from USD 2.32 billion in 2021, exhibiting a CAGR of 7.3% between 2021 and 2028. The growing innovations in TPU by OEMs can have an excellent effect on this market in the forthcoming years, states Fortune Business Insights, in a report, titled “Thermoplastic Polyurethane (TPU) Market, 2021-2028.” The market size stood at USD 2.34 billion in 2020.

Segmentation-

Polyester-based TPU to Hold the Lion’s Share

Based on type, the thermoplastic polyurethane (tpu) market is segmented into polyester, polyether, polycaprolactone, and others. Polyester-based TPU is expected to hold the largest share during the forecast period due to its adoption in applications, which require resistance to oils, fuels, and water.


Drivers & Restraints-

Development of Bio-based Polymers to Incite Growth

The usage of thermoplastic polyurethane will be fueled by the growing development of bio-based polymers, in turn, uplifting the TPU market growth. Chlorinated plastic can leach hazardous chemicals into the soil, leaking groundwater and other nearby water sources. Humans and animals may suffer serious health consequences as a result of this. Furthermore, countries have established several rules requiring the use of environmentally friendly polymers. TPU has abrasion resistance, grease resistance, and excellent mechanical characteristics in addition to being biodegradable. TPUs are also regarded as environmentally friendly by the U.S. National Library of Medicine since they are produced utilizing either degradable chain extenders or biodegradable chain extenders.
However, the high manufacturing costs may hinder the market growth.

Regional Insights-

Increasing Product Demand to Foster Growth in Asia Pacific

Asia Pacific is anticipated to dominate the global thermoplastic polyurethane market share. The need for high-performance materials will aid the expansion of this industry in Asia Pacific.

North America is expected to hold a significant share during the forecast period due to the rising demand for footwear in the region.

Europe is projected to experience substantial growth during the forecast period. The rapidly growing automotive industry in Germany, France, and the U.K. will bolster growth in Europe.

Browse Summary of This Research Report:

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

Personal Care Contract Manufacturing Market Size, Share, Sales Volume and Revenue Growth Analysis Research Report 2029, Fortune Business Insights
According to Fortune Business Insights™, the global personal care contract manufacturing market size will significantly benefit from the rising disposable income in several countries across the world. The presence of several large scale companies will emerge in favor of market growth. “Personal Care Contract Manufacturing Market Size, Share & Industry Analysis By Formulation (Liquids, Creams, Lotions, Oils, Gels, Others), By Application (Skincare, Haircare, Make up &Color Cosmetics, Fragrances & Deodorants, Others) and Regional Forecast, 2022-2029,” the market derive growth from the integration of advanced concepts, that have widened the application scope of the product in the past few years.

Personal care contract manufacturing refers to the handling of the manufacturing process associated with personal care products. The primary reason why this concept has gained popularity in the past few years is the complexity associated with manufacturing of personal care products. The rising disposable income and increasing spending power across the world has been pivotal to the growth of the personal care contract manufacturing market in the past few years. The presence of several large scale companies will emerge in favor of growth of the market in the coming years. The increasing number of company collaborations and acquisitions will provide impetus the growth of the market in the foreseeable future. Additionally the integration of advanced concepts has widened application scope, subsequently creating new growth opportunities for companies in this sector.

COVID-19 Impact

The rapid spread of the coronavirus has created a sense of urgency across the world. With strict measures taken to curb the spread of the disease, several major businesses have come to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global market and discusses how major companies are coping with this. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Increasing Number of Company Mergers and Acquisitions will have a Massive Impact on Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on the growth of the overall market in recent years. In January 2020, Silgan Holdings announced that it had completed the acquisition of Albea’s dispensing company. The company stated that it spent around USD 900 million towards this acquisition. Through the acquisition of Albea’s dispensing company, Silgan Holdings will gain access to the former’s exceptional portfolio of personal care contractual services. This acquisition will not just help the company grow but will also have a massive impact on the global personal care contract manufacturing market in the foreseeable future.

Asia Pacific to Emerge Dominant; Increasing Product Demand will Emerge in Favor of Market Growth

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 personal care contractual services in this region will emerge in favor of growth of the regional market. The massive spending power, increasing disposable income, and the constantly rising population in countries such as India and China have contributed to market growth.

Browse Summary:

https://www.fortunebusinessins....ights.com/personal-c

Flooring Market Demand and SWOT Analysis 2019-2028 | Size, Share Growth, Trends, Development, Revenue, Future Growth, Business Prospects
The global flooring market size was $342.88 billion in 2020. The market is projected to grow from $359.20 billion in 2021 to $517.74 billion by 2028 at a CAGR of 5.4% during the 2021-2028 period.

This information is presented by Fortune Business Insights™, in its report, titled, “Flooring Market, 2021-2028.”

According to our expert analysts, surging novel construction projects is likely to offer growth prospects for the market growth. Furthermore, the products utilized for flooring application, offer characteristics such as protection against scratches, indents, dampness, as well as can be effortlessly cleaned, which further contribute to the bulging demand.

COVID-19 Impact

Terminated Construction Ventures during Pandemic to Obstruct Market

The pandemic has adversely influenced the construction industry across the globe. The limitations in transportation of resources led to the scarcity of raw materials. Additionally, the lockdown norms and guidelines restrained the suppliers and manufacturers to process their construction accomplishments. This resulted in the interruptions in the novel and prevailing construction developments.


Drivers and Restraints

Surging Demand for Vinyl Flooring in Construction Projects to Fuel Market Growth

Vinyl is used as a versatile component in tiling applications, where, luxury vinyl tile is used majorly. It is resilient to mold, dampness, and fungus, which makes it an appropriate flooring option for utilization where wetness and infrequent spills are the prime concerns.

It can be effortlessly installed, is robust, and obtainable at a cheaper cost, which furthermore adds to its increasing admiration in the variety of residential as well as non-residential buildings. This is expected to bolster the flooring market growth during the forecast period.



Segmentation

On the basis of type, the flooring market is categorized into non-resilient, resilient, and carpets & rugs.

Based on end-use, the market is segregated into residential and non-residential. The residential segment is the dominating contributor for the growth of this market. The growth in residential segment is accredited to the growing population and disposable income of the consumers.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessins....ights.com/flooring-m

Wood Flooring Market Demand and SWOT Analysis 2019-2027 | Size, Share Growth, Trends, Development, Revenue, Future Growth, Business Prospects
The global wood flooring market size is expected to showcase a considerable growth by reaching USD 41,682.2 million by 2027. This is attributable to the increasing government support to promote wood products for construction activities and the surging demand for consumer-friendly building designs that propel the demand for advanced wood flooring solutions globally. This information is published by Fortune Business Insights, in its latest report, titled, “The report mentions that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

DRIVING FACTORS

Increasing Government Support to Promote Wooden Products to Surge Demand

The extensive adoption of constructional products such as gravel, cement, steel, and plastic leads to environmental stress. The growing demand for the adoption of sustainable products is propelling the government to promote wood products that are natural and easily decomposable. This is expected to drive the demand for advanced wood flooring solutions across the globe. In addition to this, the adoption of consumer-friendly design that appeals aesthetically is anticipated to bode well for the growth of the global wood flooring market in the forthcoming years.

REGIONAL INSIGHTS

Favorable Government Policies to Promote Wood Products in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the largest global wood flooring market share in terms of revenue in the forthcoming years. This is attributable to the favorable government policies that promote the adoption of wood as raw materials in the construction industry in the region.

The market in Europe is expected to experience a significant growth backed by the growing focus of companies to develop heat compatible wood flooring products in the region between 2020 and 2027.


Information Source:

https://www.fortunebusinessins....ights.com/wood-floor