The Escalation in Demand for Personal Hygiene Products to Fuel the Development of Global Acrylic Acid Market

The acrylic acid is a polymer that is extensively used in the production of acrylic resins and testers. It is also increasingly being utilized as raw material for a variety of industrial products including adhesives and coatings. A rise in the demand for adhesives and coatings is  contributing to the global market. The acrylic acid has a wide range of applications such as feminine hygiene products, baby diapers, textile, super absorbent polymers, detergents, and paper treatment which are boosting the growth of the global acrylic acid market.

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The global acrylic acid market is progressing exponentially due to an upsurge in the utilization of superabsorbent polymers that are used in the production of female sanitary napkins and diapers for babies. The augmentation in the demand for products such as sanitary napkins, diapers for both adults and babies is promoting the progress of the global acrylic acid market.

Some of the key insights about the global acrylic acid market are given below:

  • The global acrylic acid market has five key regions viz. Latin America, North America, Europe, Middle East and Africa, and Asia Pacific that provide us with a better understanding of its working dynamics. Currently, the market is expected to be dominated by the Asia Pacific region owing to the massive consumption of the product in the form of adhesives, coatings, surfactants, and personal care products in the region.
  • The leading players in the global market for acrylic acid are expected to witness strong competition in the coming years of the forecast period. Some of the leading brands in the global market include names such as LG Chem Ltd, BASF SE, Nippon Shokubai Co. Ltd, China Petroleum and Chemical Corporation, The Dow Chemical Company, and Mitsubishi Chemical Corporation among others.

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Needle Coke Market Promises to Pass a Camel Through a Needle-eye as Construction Industry Blooms

Recent housing crisis in the US had set construction industry back by several years. As the bubble burst, the housing prices came crashing down, and resulted in misfortune for millions who had invested in the real estate. Now, the story is set to overturn as US markets rebounds, and new initiatives in Asia Pacific reverse growth for the construction sector. Indian Finance Minister has announced that the country will invest over $5 trillion in the infrastructural development over the course of 2019-2024. This announcement promises major opportunities for players in the needle coke market. Needle coke is widely used in steel manufacturing or more specifically, arc furnaces used in steel manufacturing. Moreover, the steel supplies infrastructural constructions of bridges, ports, and highways plays an important role in the construction industry. Moreover, China has also announced trillion dollar investments in its signature Belt and Road initiative which will spur major growth for the steel industry, driven by construction industry. The rising demand for steel will drive tremendous growth for the needle coke market in the near future.

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Electric Vehicle Promise a New Era of Growth for Needle Coke Market

All major global vehicle manufacturers have announced an electric vehicle of their own. Many of these are already in the process of launching their vehicle as emission standards rise, and make way for significant opportunities for players in the needle coke market. needle coke are used in manufacturing steel for electric vehicles as well as anodes used in lithium batteries. It is estimated that electric vehicles will make up nearly 40% of all vehicles by 2040. Their growing adoption with brands like Tesla, and growing push for sustainable energy by government entities around the world will drive tremendous opportunities for growth for players in the needle coke market.

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Sodium Percarbonate Market Promises Robust Growth as Industrial Applications Rise

The sodium percarbonate market is expected to reach $600 mn in evaluation by 2019 as rise in demand for household as well as industrial application skyrockets. Moreover, the industrial applications for sodium percarbonate are also expected to diversify to create new opportunities for growth. Moreover, the demand for these products remains an all-time high from emerging regions of Asia Pacific. The sodium percarbonate landscape is a consolidated one with a few players, while emerging regions also open up new manufacturing operations, especially in India and China. Furthermore, the growth remains solid in the developed world with liquid formulations gaining an increased traction in recent years. However, some applications are also witnessing concerns as liquid product maker Solvay shut shop with its 50,000 ton capacity plant in the UK. Improved need for cleaning solutions, and growth of the cost-effective production in developing countries will likely shape future dynamics in the market.

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Green Products to Drive Growth in Sales

While cost-effective production remains a concern, growth of eco-friendly products in the EU region is a promising development for players in the sodium percarbonate market. the growth of products in EU, and growing demand for laundry detergents in both industrial, and household sector promises new avenues for growth in the sodium percarbonate market. The ability of the detergents to remove stubborn stains, and disinfect new products like diapers will drive tremendous growth for players in the sodium percarbonate market. Moreover, the growth in the textile industry with new products such as wearable textiles, and new materials, and rising spending on textiles in the US economy are expected to be a boon for players in the sodium percarbonate market.  Moreover, the growth of new farming techniques such as aquaculture and need for natural disinfectants will also create new opportunities for players in the sodium percarbonate market.

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Beyond Popular Holiday Destinations, Well-travelled Individuals seeking Local Tastes spurs Demand for Craft Beers

Rising interest of individuals for traditionally brewed beers is resulting in robust growth of craft beer market. This, along with rising disposable incomes, upsurge in global travel, and expanding distribution channels are catalyzing the demand for craft beers.

Expanding global travel is resulting in introduction to local products and tastes that are commonly not available. Food preparations and recipes of local drinks are gathering steam as individuals look for local tastes while traveling to interior places of parts of the world. Craft beer is one such product local to parts of Ireland, Nordics, and parts of Europe.

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Product Exclusivity renders High Price Factor Invalid

Economic growth in developing countries is a key factor behind growth of craft beer market. Well-travelled individuals in developing countries now look for remote places in parts of the world for a holiday. This class of individuals have a fancy for local crafts and local foods, and are drawn for experiences not found in popular holiday destinations. Serving this class of individuals, the demand for craft beer is witnessing stimulation.

On the downside, high cost of manufacturing and exclusivity of the product are some restraints to the growth of craft beer market. Mostly brewed in micro-breweries to cater to local or regional demand, craft beer industry remains one of the small arms of the overall beer market. This limits growth of craft beer market.

Nonetheless, exclusivity of the product mostly done with traditional recipes accounts for continued growth of craft beer market.

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The vendor landscape of the craft beer market is largely consolidated. The presence of a handful of dominant players features relatively high degree of consolidation in the craft beer market. Omer Vander Ghinste, Stone & Wood Brewing Co., Sierra Nevada Brewing Co., Chimay Beers and Cheeses, The Gambrinus Company, Vagabund, New Belgium Brewing Company, D.G. Yuengling and Son, The Boston Beer Company, Deschutes Brewery, Feral Brewing Co., Bell’s Brewery Inc., and Lagunitas Brewing Company are key players in the craft beer market.