Category: Business

Business

The Extensive Use of Seaweed in the Artificial Management of Marine Habitats to Accelerate Development of Global Seaweed Market

The utilization of different types of seaweeds in chemical research laboratories is contributing to the proliferation of the global seaweed market. The study of sea beds and their composition is creating several avenues that are enabling further progress of the global market. The marine research fraternity is investing in key technologies for studying seaweed structures as decoding the multi-cellular and macroscopic nature of the marine algae requires premium technologies. This is contributing to the advancements in the global seaweed market, which is set to witness the influx of fresh revenues from numerous sources.

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The demand in the global seaweed market is growing tremendously owing to the green and brown algae being studied across research centers. Additionally, the discovery of gold algae is unleashing new opportunities for decoding the marine ecosystem. The upcoming trend of artificial management of marine habitats is positively affecting the global seaweed market. Several amusement parks and research centers are replicating marine environments to harbor various marine species which is propelling the demand for the global seaweed market even further.

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

  • A research conducted by an Australian climate expert Tim Flannery states that seaweeds could play a vital role in tackling climate change. The researchers are calling it the ‘silent’ contributor to the management of the current climate change emergency.
  • The leading players in the global market for seaweed 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 Dupont, Groupe Roullier, Annie Chun’s Inc., Qingdao Gather Great Ocean Algae Industry Group (GGOG), and Irish Seaweeds.

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Global Plastic Strapping Materials Market to Expand with Advancements in Packaging Industry

The growth of the global plastic strapping market largely relies on advancements in the field packaging and transportation. Plastic straps are used to give strength to packaged materials, and to ensure fool-proof transport of goods. Several industries use plastic strapping as a means to foster greater strength in packaging. Moreover, the need for transporting electronic items and other breakable items across large distances has generated the need for seamless and shock-proof packaging techniques. Therefore, the total volume of revenues within the global plastic strapping materials market is set to increase by a dramatic chase in the years to follow.

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In this blog, TMR Research unravels a range of factors responsible for the growth of the global plastic strapping materials market.

  1. Growth of E-Commerce Channels

The development of seamless channels for distribution of goods and products has paved way for advancements within the global plastic strapping materials market. Furthermore, growth of e-commerce platforms has necessitated the use of high-quality packaging materials across multiple industries. Large cartons are protected from severe damage with the help of plastic strapping. Therefore, it is safe to expect the global plastic strapping materials market to expand at a sturdy pace in the years to follow.

  • Growth of Asia Pacific

The hefty use of plastic strapping materials in key industries such as electronics and healthcare manufacturing has given a thrust to market growth. Furthermore, industrial decision makers are focusing on improving the quality of packaging materials. There is humongous demand for plastic strapping materials in Asia Pacific, majorly due to the presence of key industries in the region.

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Some of the leading vendors operating in the global plastic strapping materials market are focusing on developing high-quality materials. The quest to expand their consumer base has led these vendors to penetrate new regional territories.

Imitating Natural Forces for Green Production of Chemicals and Plastics

Research conducted at Imperial College London developed a new method to generate chemicals from atmospheric carbon dioxide. The researchers imitated the action of natural organisms in producing toxic chemical without harming themselves. Meanwhile, the new method could pave way for greener production of fuels and chemicals. Current methods for production of chemicals, plastics, and fibres involve the use of fossil fuels. However, increased usage of fossils could contribute towards rising level of air pollution and environmental toxicity. The new technique developed at Imperial College reduces the use of fossil fuels in chemical production. The findings of the research published in Proceedings of the National Academy of Sciences journal.

 Problems in Using Fossil Fuels for Chemical and Fiber Production

 Mining of fossil fuels in a labor-intensive and cost-heavy activity. This puts pressure on miners and oil companies to meet the required speed of production. Furthermore, the limited supply of certain kinds of fossil fuels makes it difficult to put them to optimal use. Meanwhile, excessive extraction of fossil fuels is the reason for disturbed carbon cycle of the planet. The researchers looked for solutions to these problems in engineering microorganisms. Cyanobacteria, and other microorganisms, could help in sustainable production of chemicals from atmospheric carbon dioxide. Moreover, these bacteria can be programmed in a way that they do not hamper growth.

 Mitigating Climate Change

 The new method has tremendous relevance in mitigating climate change as it could alleviate environmental pollution. Th proof of concept for the study has been published in Proceedings of the National Academy of Sciences. Researchers believe that advancements in biotechnology shall fortify further research in this domain. The next decade would be crucial in ascertaining the adoption rate of this new technique.

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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