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Global Demand for Select Specialty Chemicals Market to Exceed $1 Trillion by 2026 - Market Research Report (2020-2026) by Industry Experts, Inc.

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Industry Experts released an updated 2021 version of the report " Select Specialty Chemicals Applications – A Global End-Use Industry Analysis ". This new version of market research report reveals that Asia-Pacific is expected to witness the fastest growth during the 2020-2026 analysis period, owing to the robust growth in Engineering Thermoplastics, Nutraceutical Ingredients and Electronic Chemicals growing by over 7% CAGR. The region also withstands pandemic impact with a positive growth in 2020. The specialty chemicals industry constitutes a fundamental component of a number of global value chains, because of which it has a crucial role to play in achieving sustainability. This has become even more significant in the face of the COVID-19 pandemic that the world is confronting, prompting the sector to invest heavily in stimulus packages. Accounting for a share of 44.2% in 2020, Cereals & Grains consume the largest quantity of Agrochemicals worldwide, the demand for w

Global Feed Amino Acids Industry | ASF and COVID-19 Impact - Market Analysis by Industry Experts, Inc

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Industry Experts, Inc. released an updated 2021 version of the market research report " Feed Amino Acids – A Global Market Overview ". The new version of the report reveals that Impact of COVID-19 pandemic on feed amino acids volume demand was evident across all regions during 2019-2020 period with Europe growing only by 2.5% year-over-year (YOY), North America with 3% YOY growth in 2020 while Asia-Pacific is the only exception witnessing a considerable YOY growth. Amid the impact of African Swine Fever (ASF) in Asia-Pacific region, demand for feed amino acids was sluggish in 2019, where demand in Asia-Pacific region was flat with a YOY growth of just 0.9%. A new wave of ASF outbreak in Europe coupled with global COVID-19 pandemic have impacted the global demand for feed amino acids with a moderate growth confined at 3.9% YOY by volume and just 1.7% YOY by value in 2020. Poultry feed constitutes the largest consumer of feed amino acids globally with 2020 consumption volume

Agrochemicals and Paints & Coatings Leads the Specialty Chemicals Demand - Market Research Report (2020-2026)

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Industry Experts, Inc. released an updated 2021 version of the market research report on Specialty Chemicals. As per the new report, the market for Agrochemicals is estimated the largest amongst all other chemical types in 2020 accounting for a share of 22% closely followed by Paints & Coatings. The evolutionary nature of the Specialty Chemicals business has meant that the traditionally dominant regions of North America, Europe and Japan have made way for fast growth in emerging Asian, South American and Middle Eastern & African economies. Asia-Pacific, in fact, is estimated as the largest, as also the fastest growing, global market for Specialty Chemicals . This growth can be attributed to rapid industrialization, improved standards of living in several developing regions, discernible shift in the global chemical industry’s center of gravity towards the Middle East due to the abundant availability of cheap petrochemical feedstocks and Asian markets offering cheap labor couple

COVID-19 Impact on Omega-3 PUFAs Market was Moderate to Nil Across the Globe and Demand is projected to Reach 200k Metric Tons by 2026

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Industry Experts, Inc. published an updated 2021 version of its most comprehensive global market research report on Omega-3. The new report “ Omega-3 Polyunsaturated Fatty Acids (PUFAs) – A Global Market Overview " reveals that Omega-3 supplements, prescription drugs, and infant nutritional products saw significantly increased sales in March-April timeframe across majority of the regions, particularly in North America, Europe, Japan, and South Korea, attributed to consumer stockpiling. Much of these sales were online and this trend has been continued throughout the year. COVID-19 Pandemic effect on the global Omega-3 ingredients market varied materially by country and end-use applications, depending on the timing of the outbreak and consumer behavior. Overall, the impact of coronavirus on global Omega-3 was moderate in 2020 and expected to recover significantly in 2021. Omega-3s demand in animal/pet nutrition applications was least impacted by the pandemic, as these ingredients

Demand for Vacuum Insulated Panels (VIPs) Dropped Sharply in 2020 and Expected to Rebound Significantly in 2021 - Market Report by Industry Experts, Inc.

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Industry Experts, Inc. released an updated 2021 version of the market research report " Vacuum Insulation Panels (VIPs) – A Global Market Overview ". As per the new report, VIPs demand in cold chain logistics is projected to post the robust growth in 2021, particularly due to COVID-19 Pandemic, as the pharmaceutical products need the sophisticated thermal packaging. The market development of VIPs has been largely impacted by the evolution in regulations set for energy efficiency in buildings, refrigerators, hot water storage systems and automobiles. Refrigeration manufacturers are increasingly employing VIPs for achieving optimum energy efficiency. Cold chain logistics for pharmaceutical products is also under intense regulatory scrutiny, which has increased the need for reliable and high performance thermal packaging, which has boosted the market for VIPs. The impact of COVID-19 pandemic on vacuum insulation panels (VIPs) demand is expected to differ in intensity dependin

Global Biosimilars Market Projected to Witness a Robust Growth and Reach $71.8 Billion by 2026 - Market Report (2020-2026) by Industry Experts, Inc

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Industry Experts, Inc. published the new 2021 version of its global market report on Biosimilars. The new version of the report entitled " Global Biosimilars Market – Products, Applications and Regulations " reveals that the global market for Biosimilars application in Oncology therapeutics is the largest in 2020 closely followed by Autoimmune Disorders. Due to the COVID-19 Pandemic, telehealth and tele-detailing (also called remoter detailing or web calls) have set forth that allow a biosimilars companies' commercialization branch to have a wide range with less few reps. Also, the fluidity of the labor market is another new dynamic allowing for a greater diversity of commercialization build-out models. These new dynamics greatly change how companies should be building models of commercialization that also has vast implications for potential BD partnerships. The solution to 'build versus buy' is no longer driven by the size, scale, and cost of a sales force leadi

COVID-19 Pandemic Hurts Global Astaxanthin Market - Astaxanthin Supplements Sales to Decline in 2020

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Industry Experts, Inc. released an updated 2020 version of the comprehensive global market report on Astaxanthin. The report entitled " Global Astaxanthin Market – Sources, Technologies and Applications " reveals that the consumer spending on other single vitamin and dietary supplements including Astaxanthin supplements has drastically reduced during the first half of 2020. Astaxanthin supplement sales were lower due to the closure of retail stores across the globe, partially offset by the increased sales on e-commerce channels. The situation is somewhat normalized during the second half of 2020, but still consumer spending on Astaxanthin supplements is expected to be lower than the normal. The impact of COVID-19 pandemic on astaxanthin demand is expected to differ in intensity depending on their end-use application and region. Sharpest declines would be expected in astaxanthin for dietary supplements, cosmetics and aqua feed sectors. Demand for astaxanthin in poultry feed a