Posts

Showing posts from June, 2021

Global Carbon Fibers Market Amid the Pandemic Impact - Aerospace and Automotive Demand Declined Sharply in 2020

Image
Industry Experts, Inc. released an updated 2021 version of its in-depth comprehensive market report on Carbon Fibers. This global market report entitled " Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) – A Global Market Overview " covers the detailed impact of COVID-19 pandemic on the Carbon Fiber market. Global demand for Carbon Fibers was declined sharply in 2020, dropping by 9.5% YOY in volume terms and 15.4% in value terms, due to reduction in demand for Carbon Fibers across major application areas amid the impact of coronavirus pandemic. Aerospace, automotive, and oil & gas applications have been hit hard by the pandemic during 2020. COVID-19 pandemic has impacted the production rates of aircrafts significantly during 2020 as demand for new aircrafts drastically decreased. Additionally, the parked fleet of commercial aircraft reached record levels globally during 2020 as passenger traffic fell and airlines reduced capacity. Each new generation of comme...

Impact of COVID-19 on Global High Purity Alumina Market 2020-2026 | Market Research Report by Industry Experts, Inc

Image
Industry Experts, Inc. updated its global market report on High Purity Alumina. The new report entitled " High Purity Alumina – A Global Market Overview " focuses on the market for High Purity Alumina product segments, technologies and key application sectors. 4N is the most widely consumed type of HPA on a global basis and is also predominant in terms of value demand. Hydrolysis is most widely used to process High Purity Alumina (HPA), the demand for which is also likely to be the fastest growing while, by segment, 4N is the most widely consumed type of HPA on a global basis and is also predominant in terms of value demand, which is also anticipated to witness the fastest CAGRs exceeding 10%. Asia-Pacific constitutes the leading global volume market for High Purity Alumina , estimated to corner a share of 61.1% in 2020. The region’s volume consumption is also anticipated to register the fastest 2020-2026 CAGR of 11.7% and reach a projected 64.4 thousand tons by 2026. W...

Demand for Automotive Applications to Lead Growth for Industrial Coatings Market to Reach $108 billion by 2026 – Industry Experts Inc Market Report (2017-2026)

Image
Industry Experts, Inc. released an updated 2021 version of the report " Industrial Coatings – A Global Market Overview ". As per the new report, Asia-Pacific is the largest global market for Industrial Coatings, estimated to account for a share of 46.4% in 2020, which is also expected to maintain the fastest 2020-2026 CAGR of 4.6%. The Industrial Coatings market posted a decline of about 3% between 2019 and 2020 and is now expected to be on the track to recovery, provided the second wave of the pandemic is brought under control as soon as possible. Europe, North America and South America have been the regions to have suffered the maximum brunt of decreases in demand for Industrial Coatings and recoveries are likely to be on the slower side over the coming few years. Asia-Pacific has been the outlier in this regard, as can be evinced from the region's overall low decrease between 2019 and 2020, the primary factor for which has been China that has maintained positive growt...