Automotive Plastics Industry Overview
The global automotive plastics market size was valued at USD 28.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. Globally, recovery in the automotive sector, improved vehicle design capabilities, and increasing focus on vehicle weight reduction and emission control are the key factors boosting the growth of the market for automotive plastics. Plastics are widely used in automotive components and parts owing to easy manufacturing, possible sourcing from renewable raw materials, and improved designs. Gather more insights about the market drivers, restrains and growth of the Global Automotive Plastics Market The COVID-19 pandemic impacted the market due to a drop in new vehicle sales, the shutdown of production facilities, a limited supply of vehicle parts, and a decline in working capital. It led to the interruption in the supply chain and suspension of production, resulting in reduced retail sales. Furthermore, many individuals were uncertain about their jobs and the long-term economic and health effects of the virus on their lives, influencing their purchasing decisions. Polypropylene (PP), Polyvinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), and Polyurethane (PU) are the most commonly utilized materials for vehicle parts and component applications. Plastics undergo five different stages while recycling including sorting, washing, shredding, identification, and classification, and extruding into the final component or product. Improvements in recycling processes have forced manufacturers to use high-performance automotive plastics. Usually, an average car consists of 5.8 to 10% of plastics, depending on fuel-efficiency standards and performance requirements, with consumption in vehicular equipment accounting for over 110-120 kg in an average car. This percentage is expected to increase owing to the growing demand from consumers for high-performance, lightweight, and fuel-efficient vehicles, thereby augmenting the demand for automotive plastics over the years to come. Weight reduction also offers a cost-effective way to reduce Greenhouse Gas (GHG) emissions and fuel consumption, conserving non-renewable crude oil reserves. For example, every 10% weight reduction in a vehicle would improve fuel economy by 5 to 7%. Plastic monomers are polymerized using chemical reactions and catalysts to form polymers and co-polymers and are turned into Polycarbonate (PC), Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS), and other such polymerized materials. These materials possess far better properties than their respective monomers and are extremely stable for use in molding and fabrication. Designing a vehicle is a critical factor as it is subjected to various external forces and the possibility of high impacts. Thus, to preserve the structural integrity of a vehicle, the materials used in its production become important factors for safety and stability. Although they are relatively cheaper than metals, their design parameters and manufacturing equipment are highly expensive, which is expected to pose a challenge to industry participants. Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
Automotive Plastics Market Segmentation Grand View Research has segmented the global automotive plastics market report on the basis of product, process, application, and region:
Some of the prominent players in the automotive plastics market include:
Order a free sample PDF of the Automotive Plastics Market Intelligence Study, published by Grand View Research.
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Surface Disinfectant Market Is Expected To Grow As Of Rising Awareness About Animal Diseases5/31/2022 Surface Disinfectant Industry Overview
The global surface disinfectant market size was valued at USD 5.1 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The growth is attributed to several factors, such as lifestyle changes in developing economies, rising awareness about animal diseases among livestock farmers, and increasing demand for disinfectants for use in livestock farms. There has been a significant decline in demand for raw materials and active ingredients due to the COVID-19 pandemic, which led to the closure of multiple production hubs and factories globally. Multiple plants have been running at reduced rates or even shut down, which resulted in a supply-demand gap. However, a rise in demand for cleaning products, sanitizers, and disinfectants is expected to have a positive impact on the market growth. Gather more insights about the market drivers, restrains and growth of the Global Surface Disinfectant Market The raw materials used in the production of surface disinfectants are primarily the by-products of the petroleum sector. Local manufacturers in the developed economies of Europe, North America, and China mainly source these raw material ingredients. Recently, the industry observed a shift in trend toward the usage of biodegradable surface disinfectants for preventing chemical-related toxicity. The raw materials required for biodegradable surface disinfectants are cheaper and easily available. Surface disinfectants have witnessed low to moderate rise in prices; however, the sudden upsurge in demand due to the COVID-19 pandemic has resulted in supply shortages, which further led to a rise in prices in the year 2020 and the impact might last at least till the first half of 2021. The stringent regulatory norms for disinfection in commercial, industrial, and institutional spaces have boosted the product demand. Surface disinfectants have various chemical substances, which, when used as per guidelines yield magnificent results. They help in preventing the transmission and occurrence of various diseases. However, these can be harmful to humans and animals and ultimately lead to environmental problems. Incomplete knowledge regarding the proper use of surface disinfectants and the health hazards associated with these products can pose a potential threat to market growth. Browse through Grand View Research's Disinfectants & Preservatives Industry Research Reports.
Surface Disinfectant Market Segmentation Grand View Research has segmented the global surface disinfectant market report on the basis of composition, form, application, end-use, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the global surface disinfectant market include:
Order a free sample PDF of the Surface Disinfectant Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Pharmaceutical Packaging Industry Overview
The global pharmaceutical packaging market size was valued at USD 117.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2030. Growing penetration of retail pharmacies in developing regions and a rising focus on brand enhancement and product differentiation by pharmaceutical manufacturers are anticipated to fuel the market growth. Packaging products are primarily utilized for storing solid, liquid, and semisolid forms of formulations, such as tablets, capsules, syrups, and topical drug formulations. The increasing prevalence of chronic diseases due to changing lifestyles, eating habits, and alternation in sleep cycles are contributing to an increased need for medications. In addition, the focus of various governments on strengthening healthcare facilities and insurance coverage is further expanding the demand for pharmaceuticals, which, in turn, is boosting the market growth. Drugs are majorly offered in pills, liquid, and powder forms. Various packaging types including rigid bottles, standup pouches, flat pouches, sachets, and blister packs are used for their packaging. Pharma packaging products are highly customized products and are bounded by strict regulatory compliances, especially concerning the sterility of the packaging. Thus, the packaging and pharmaceutical product manufacturers work closely during the development of packaging products. Gather more insights about the market drivers, restrains and growth of the Global Pharmaceutical Packaging Market The emergence of counterfeiting activities has led to the imposition of bans on such counterfeit products that can cause undesirable effects on consumers, leading to major health concerns. From February 2019, under the Commission Delegated Regulation (EU) 2016/161, drug makers are required to add a unique identifier and an anti-tampering device to the packaging of most centrally authorized pharmaceutical products. Packaging companies are increasingly focusing on the incorporation of tamper-evident properties into the packaging to enhance their functionality and safety to comply with strict regulations. Companies are majorly focusing on the utilization of Post-Consumer Recycled (PCR) material and are also developing packaging from compostable material to increase sustainability. Gerresheimer AG offers glass bottles made from PCR glass. In addition, the company is offering bottles made from R-PET and BIO-PET (resins made from sugarcane plants). This trend of sustainable packaging is expected to significantly gain pace in the coming years. Following the COVID-19 outbreak in December 2019, top biotechnology and pharmaceutical companies are engaged in the development of vaccines for the disease. In 2020, the demand for glass-based vials has therefore witnessed a significant spike in demand owing to the increased COVID-19 vaccine production by companies including GlaxoSmithKline plc (GSK), AstraZeneca, Pfizer, Johnson & Johnson, and Moderna. The demand is further expected to increase in 2021 with an increasing number of orders for vaccines from countries across the world. Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
Pharmaceutical Packaging Market Segmentation Grand View Research has segmented the global pharmaceutical packaging market report on the basis of material, product, end use, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the global pharmaceutical packaging market include:
Order a free sample PDF of the Pharmaceutical Packaging Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Flexitanks Industry Overview The global flexitanks market size was valued at USD 717.4 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.0% from 2020 to 2028. Increasing global trade, coupled with the competitive benefits of flexitanks over their traditional substitutes, such as ISO containers, drums, barrels, and IBCs, is expected to drive the industry. Flexitanks have capacities ranging from twelve thousand liters to twenty-six thousand liters. These are commonly used for shipping an extensive range of liquid products, including wines, fruit juices, concentrates, mineral water, edible oils, tallow, malt extracts, lubricants, fertilizers, non-hazardous chemicals, and pharmaceuticals. The U.S. has the presence of the world’s largest pharmaceutical companies including Pfizer, Johnson & Johnson, Eli Lilly and Company, and Abbott Laboratories. These companies prefer single-trip flexitanks for the transportation of temperature-sensitive liquids, thus resulting in significant growth prospects for the industry in the country. Gather more insights about the market drivers, restrains and growth of the Global Flexitanks Market Flexitanks are considerably inexpensive than ISO containers and drums and carry approximately 15% more payload than IBCs and 44% more than the drums, which makes them economically favored bulk packaging solutions. Moreover, they are majorly used for single-use, which reduces the risk of contamination. The growing need to reduce the weight of bulk packaging to increase the cost-effectiveness of freight is projected to support the market growth. In addition, low labor and logistic costs associated with flexitanks handling, zero cleaning cost owing to one-time use, and eco-friendliness are few other factors that are likely to fuel the product demand over the forecast years. However, factors such as leakage or breakage of the contents in flexitanks result in total loss of the shipper, which may reduce the product usage for the transportation of hazardous liquids, thereby limiting the growth. Moreover, fluctuating prices of plastic resins, the raw material for manufacturing flexitanks, are expected to pose challenges to the manufacturers. The outbreak of COVID-19 severely disrupted the supply chain and retail distribution for numerous products across the world. In the first quarter of 2020, the COVID-19 outbreak was majorly concentrated in China, and to contain the disease spread, several countries including the U.S. limited their imports from China. Thus, this temporary halt on imports from major exporting countries such as China resulted in a contraction in demand for the flexitanks in 2020. Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
Flexitanks Market Segmentation Grand View Research has segmented the global flexitanks market report on the basis of product, application, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the flexitanks market include:
Order a free sample PDF of the Flexitanks Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Disposable Gloves Industry Overview The global disposable gloves market size was valued at USD 12.31 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. The growing demand for disposable gloves, especially from the healthcare industry amidst the ongoing COVID-19 pandemic, along with the rising awareness regarding healthcare-associated infections, is expected to fuel the market growth. The healthcare sector in major developing economies is anticipated to witness substantial growth on account of several factors, such as increasing investments in both the private and public sectors, rising population, the high influx of migrants, and the growing geriatric population. Furthermore, rising healthcare expenditure is projected to boost the growth of the healthcare sector, which, in turn, is estimated to augment the demand for disposable gloves. Gather more insights about the market drivers, restrains and growth of the Global Disposable Gloves Market The presence of sophisticated healthcare infrastructure, higher disposable income levels of patients, and a large base of geriatric population are some vital drivers of the disposable gloves industry in the U.S. Furthermore, the spread of the COVID-19 pandemic in the country has augmented the demand for disposable gloves, especially in the healthcare sector to reduce further transmission. Contact with harmful chemicals in the working environment of the industries has been one of the major factors associated with health issues among workers. Skin diseases, rashes, hand cuts, amputation, and bloodborne pathogens are the common risks experienced in various industries such as healthcare, medical, and mining. Safety regulations are likely to be the key factors anticipated to drive the market over the forecast period. Rising awareness regarding the importance of raw materials in providing high heat resistance, comfort, elasticity, and lightweight properties is anticipated to boost the research & development activities of major players in the market. These initiatives aim to achieve the multi-functionality of disposable gloves and widen their application scope by adding innovative add-ons to the existing designs. The production of disposable gloves is highly capital-intensive on account of the high raw material costs and complex manufacturing methods. Major raw material suppliers in the market have integrated along the value chain to develop disposable gloves, which is expected to boost the competitiveness in the market. Browse through Grand View Research's Advanced Materials Industry Research Reports.
Disposable Gloves Market Segmentation Grand View Research has segmented the global disposable gloves market report on the basis of material, product, end use, and region: Disposable Gloves Material Outlook (Revenue, USD Million, 2017 - 2030)
Disposable Gloves Product Outlook (Revenue, USD Million, 2017 - 2030)
Disposable Gloves End-use Outlook (Revenue, USD Million, 2017 - 2030)
Disposable Gloves Regional Outlook (Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global disposable gloves market include:
Order a free sample PDF of the Disposable Gloves Market Intelligence Study, published by Grand View Research. |
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