Chemicals and Materials – Pan Market Consulting

Chemicals and Materials

Composite Thermoplastic market was accounted for USD 27.0 billion in year 2019. It is projected to register growth at a CAGR 4.1% over the period of 2020-2026. However, COVID19 has impacted the market in a negative manner. Due to norms of social distancing and lockdown the industries were shut for some months globally. The supply of raw material has been affected adversely. Vendors are not able to transport the raw material which has delayed the overall production of thermoplastic composites.

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The global 3D printing materials market accounted for a value of 11.4 billion in 2019. 3D printing materials market projected to register growth at a CAGR of 13.5% during forecast period.
COVID-19 has impacted 3D printing materials market negatively. The demand for such materials has been declined to a great extent across various industries such as automotive, construction, aerospace and defense etc. These industries were shutdown due to lockdown imposed by government across various regions. The supply chain has been disrupted due travel restrictions and international border closer. This industry is likely to experience sluggish growth post COVID-19.

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The global aerospace composites market accounted for a value of 22.7 billion in 2019. Aerospace composites market projected to register growth at a CAGR of 9.1% during forecast period.
COVID-19 has impacted aerospace composites market negatively. The demand for this product has been declined due to virus outbreak across the world. The manufacturing activities have been halted and the supply chain got disrupted. The transportation of raw material and finished products got disrupted due to travel restrictions. The air travel was reduced significantly due to which there is a decline in aerospace industry. The aircraft deliveries have been reduced significantly which reduced the demand of composites material in aerospace industry.

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The global bioethanol market accounted for a value of 31.2 billion in 2019. Bioethanol market projected to register growth at a CAGR of 10.8% during forecast period.
COVID-19 has impacted bio ethanol market significantly. The manufacturing activities have been halted and the supply chain got disrupted. The transportation of raw material and finished products got disrupted due to travel restrictions within the country. The exports and import market has been affected due to international border closers.

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The global blowing agent market accounted for a value of USD 0.9 billion in 2019. Blowing agent market projected to register growth at a CAGR of 5.8% during forecast period.
COVID-19 has impacted blowing agent market negatively. The demand of foam has been declined immensely due to corona virus. The workforce availability has been reduced and the supply chain was disrupted due to travel restriction. The operating capacity of facility is also reduced. The export and import of foam is also affected due to international border closer. The demand of foam has been declined across various end-use industry such as electronics, marine, furnishing, packaging, building & construction, automotive and appliances. This lead to huge decline in blowing agent market.

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The global composites market value is USD 80.1 billion by 2019 Composites market is expected to grow at a CAGR of 6.1% during the forecast period.
Covid19 has disrupted the all the markets across the globe. The pandemic has caused declined in composites market by impacting constructional, wind energy, aerospace & defense and automotive sector. The shutdown of industries has negatively impacted the composites markets.

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The global medical coatings market accounted for a value of USD 8.9 billion in 2019. Medical coatings market projected to register growth at a CAGR of 20.5% during forecast period.
COVID-19 has impacted medical coatings market. The production of medical face masks, gloves, containers for intravenous injection, sanitizers and disinfectants etc have been increased during COVID-19 period. The adoption and demand for such products has increased immensely across the world. The demand for ventilators has been increased due to corona virus outbreak across the world. There is huge increase in production and demand of various medical devices during corona virus outbreak.

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The global microcapsules market accounted for a value of 7.1 billion in 2019. Microcapsules market is projected to register growth at a CAGR of 6.8% during forecast period.
COVID-19 has impacted the microcapsules market significantly across the world. The supply chain of finished products and raw material has declined during COVID period. The demand of microcapsules has been affected.

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The global paints & coating market valued at USD 160.0 billion in 2019. The global paint & coating market is expected to grow at a CAGR of 3.9% during the period of 2020-2026.
Covid19 has disrupted the all the markets across the globe. The pandemic has caused declined in paints & coating market by impacting architectural and industrial sector. The shutdown of industries has negatively impacted the paints & coating markets. However it is estimated to experience some boost by the year 2021.

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The global polymer emulsion market accounted for a value of USD 28.1 billion in 2019. Polymer emulsion market projected to register growth at a CAGR of 6.8% during forecast period.
COVID-19 has impacted polymer emulsion market. The government across the world has imposed lockdown and travel restriction which has affected supply chain of raw materials and finished products significantly. The activities of industries has been halted and the demand by the end-user re difficult to meet on time. The availability of taskforce has been reduced even after lifting lockdown and resuming work in industries. The incomes has been affected all the people across world due to which construction work has witness a significant decline. The growth in this industry will resume in the beginning of 2021.

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The global transportation composites market accounted for a value of USD 39.8 billion in 2019. Transportation composites market projected to register growth at a CAGR of 7.5% during forecast period.
COVID-19 has impacted transportation composites market negatively. The demand for this product has been declined due to virus outbreak across the world. The manufacturing activities have been halted and the supply chain got disrupted. The transportation of raw material and finished products got disrupted due to travel restrictions within the country. The travel was reduced significantly as flights, buses and trains services has been suspended in major countries around the world due to which there is a decline in transportation industry. There is a significant decline in requirement of transportation composites material due to corona virus.

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The Ultra-thin Glass market was valued USD 11.2 billion in 2019. This market is expected to witness growth at a CAGR of 10.1 % for the period of 2020-2026.
However COVID19 has made this market foresee decline for the year of 2020. Due to norms of lockdown and social distancing the supply of raw materials has been impacted. Due to disruption in supply, the production has been effected drastically, owing to decline in this sector.

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The global polyurethane foam market accounted for a value of USD 35.3 billion in 2019. Polyurethane market projected to register growth at a CAGR of 6.9% during forecast periodCOVID-19 has impacted the polyurethane foam market. The demand is declined for such foam immensely. The orders have been canceled or delayed by various end-users. The demand for polyurethane foam is decreased at huge amount in automotive sector. The major polyurethane companies have to shut their manufacturing facilities and many ports are sealed which leads to disruption in product movement. The pandemic caused huge decline in polyurethane foam market.

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The global industrial films market accounted for a value of USD 35.2 billion in 2019. Industrial films market is projected to register growth at a CAGR of 4.1% during forecast period.
COVID-19 has impacted the industrial film market as government has imposed locked in various regions of the world due to which manufacturing plants have to shut o halt its production activities. There is a huge decline in demand from end-users. The supply chain got disrupted due to travel restriction. The market is likely to remain affected in 2020 during forecast period.

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The global aluminum rolled products market accounted for a value of USD 41.9 billion in 2019. Aluminum rolled products market projected to register growth at a CAGR of 5.9% during forecast period.
COVID-19 has impacted aluminum rolled products market. The manufacturing plant has to shut or halt its production activities. The supply chain of raw material and finished products in disrupted due to travel restriction. The demand for aluminum rolled products has declined from end-users. This pandemic has negatively impacted growth of aluminum rolled products market.

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The global lubricants market accounted for a value of USD 146.5 billion in 2019. Lubricants market is projected to register growth at a CAGR of 2.7% during forecast period.
COVID-19 has impacted the lubricants market as the transportation sector is affected immensely due to travel restriction. Trains and buses are not operating around major countries of the world. The manufacturing industries have to shut their facilities plants due to lockdown this lead to decline in demand of lubricants. The market is likely to recover from 2021 as the transportation and industries are moving back to normal slowly.

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The global industrial coatings market accounted for a value of USD 80.9 billion in 2019. Industrial coatings market projected to register growth at a CAGR of 3.1% during forecast period.
COVID-19 has impacted the industrial market as all the manufacturing facilities for general and automotive sector have to shut due to lockdown. The supply chain of raw materials and finished products is disrupted due to travel restriction. The demand for industrial coating has been slowdown due to decline in growth of various end-users such as packaging, automotive etc. The market is estimated to foresee growth from 2021.

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The global polymer foam market accounted for a value of 85.4 billion in 2019. It is projected to register growth at a CAGR of 4.0% during forecast period.
COVID-19 has impacted the polymer foam market as supply chain got disrupted due to travel restriction and manufacturing units have to shut or halt its production due to lockdown. There demand from end-users industries is declined. The construction activities are reduced in the market which has direct effect on polymer foams.

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The global 3D printing filaments market accounted for a value of USD 710 million in 2019. 3D printing filaments market projected to register growth at a CAGR of 23.3% during forecast period.
COVID-19 has impacted the 3D printing filaments market as the manufacturing plants have to halt or shut it facilities for months due to lockdown in major countries of the world. The supply chain of raw materials and finished products got disrupted due to travel restriction. 3D printing filaments products are used for medical applications due to growing demand for medical components such as swabs, ventilators splitters, face masks and others. Various end-users has shifted from conventional to medical equipments production due to spread of corona virus.

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The global surfactants market accounted for a value of USD 40.3 billion in 2019. Surfactants market projected to register growth at a CAGR of 3.9% during forecast period.
COVID-19 has impacted the surfactants market as supply chain of finished products and raw materials got disrupted due to travel restrictions. The manufacturing facilities have to shut its units due to lockdown. However, the demand for hygiene products and hand sanitizers has increased in the market. The increasing demand resulted in high prices of sanitizers in the market. The pandemic is a major driving factor.

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The global foam plastics market accounted for a value of USD 49.1 billion in 2019. Foam Plastic market projected to register growth at a CAGR of 4.1% during forecast period.
COVID-19 has impacted the foam plastics market as supply chain got disrupted due to travel restriction and manufacturing units have to shut or halt its production due to lockdown. The demand from end-users industries is declined as the major end-users industries have to shut its units for months. The construction activities are reduced in the market which has direct effect on foams plastics. The foam plastics market will foresee a significant decline due to spread of corona virus.

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The global ceramic sanitary ware market accounted for a value of USD 29.3 billion in 2019. Ceramic sanitary ware market projected to register growth at a CAGR of 5.8% during forecast period.
COVID-19 has impacted the ceramic sanitary ware market negatively as the building and construction activities have to halt to control the spread of corona virus. The manufacturing units have shut for months due to lockdown imposed by government. The supply chain got disrupted due to travel restriction. The demand for ceramic sanitary ware has been declined due to decrease in demand from various end-users such as commercial and residential sectors. The pandemic caused significant decline in ceramic sanitary ware market during forecast period.

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