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Worldwide Market for Gas Detection Equipment is Expected to Reach $4.4 billion in 2021 | Industry Experts, Inc Analysis 2020-2026

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Industry Experts, Inc. unveiled a comprehensive global market research report on Gas detection Equipment. The new report entitled " Global Gas Detection Equipment Market – Detector Types, Sensor Technologies and Applications " reveals that the North American market is the largest globally while fastest growth is anticipated to be posted by Asia-Pacific, boosted in particular by China. Gas Detection Equipment finds application in a range of industries as the primary option for the early detection of leakage of flammable and toxic gases and vapors, owing to which these systems have maintained relatively good demand. The Chemical/Petrochemical and Refinery sector is the largest, as also the fastest growing, market for these devices, as they play a critical role in saving human lives and other assets in case of serious mishaps associated with this industry. Detection of toxic and flammable gases is a key component of these systems, and, if achieved with early warning signs, can ...

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

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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

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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)

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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...

ASF and COVID-19 have Negatively Impacted the Global Demand for Amino Acids during 2019-2020

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Industry Experts, Inc published an updated and comprehensive report on Amino Acids. This new 2021 edition of market research report entitled " Global Amino Acids Market – Products and Applications " reveals that the Asia-Pacific market accounts for a lion’s share of global Amino Acids market with 60% in terms of volume and about 48% in terms of 48% in 2020. Over the forecast period global demand for amino acids is projected to register a healthy CAGR of 5%, manly driven by above average growth in animal feed sector and sustained growth in nutraceutical and pharmaceutical sectors. Animal feed constitutes the largest, and the fastest growing application for amino acids globally. The global volume consumption of amino acids in animal feed and nutraceutical applications is projected to grow with corresponding CAGRs of 6.1% and 5.5% respectively. Cornering an estimated share of 53.7% in 2020, the global value market for Amino Acids is the largest for Animal Feed applicatio...

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...