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[rayhaber]

Biotrend ve Freepoint’ten Atık Plastikte Stratejik Ortaklık

Biotrend Çevre ve Enerji Yatırımları A.Ş. ile Freepoint Eco-Systems International Ltd., atık plastikleri değerlendirerek pazarlanabilir ürünlere dönüştürecek projeler geliştirmek üzere güçlerini birleştirdi. Ortak bir girişim kurmayı hedefleyen şirketler, bu doğrultuda bir Çerçeve Anlaşması imzaladı. Bu stratejik iş birliği, küresel plastik atık sorununa çözüm bulma vizyonlarını hayata geçirmek…

[blueweave8]

United States Plastic Recycling Market Outlook, Growth, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Plastic Recycling Market size by value at USD 2.32 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Plastic Recycling Market size to expand at a CAGR of 7.9% reaching a value of USD 3.9 billion by 2030. The Plastic Recycling Market in United States is propelled by increasing concerns about plastic pollution, the environmental impact of petrochemicals, and fluctuating crude oil prices. Industries across sectors, from construction to electronics, are increasingly adopting recycled plastics, which offer a more sustainable alternative to virgin materials. Leading companies like Coca-Cola and Nestlé are incorporating recycled materials into their packaging, and investments in advanced recycling technologies are poised to further revolutionize the industry. These factors are creating lucrative opportunities for market participants as they capitalize on the growing demand for sustainable solutions.

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Mechanical Recycling Process Segment Holds Larger Market Share

The mechanical recycling segment accounts for a larger share of United States Plastic Recycling Market by process, due to the effectiveness of mechanical process in reducing a company's carbon footprint. The process involves physically transforming plastic waste from residential and commercial sources into recycled polymers, preserving their molecular structure. The recycled polymers can then be used to manufacture a diverse range of new products across various industries, including automotive, textiles, electrical and electronics, packaging, and construction.

Impact of Escalating Geopolitical Tensions on United States Plastic Recycling Market

Intensifying geopolitical tensions could have a multifaceted impact on United States Plastic Recycling Market. Disruptions in international supply chains and trade barriers could curtail the availability of raw materials and recycled plastics, driving up costs and hindering access to critical recycling technologies. Moreover, strained diplomatic relations may impede global efforts to enhance recycling standards and practices. As geopolitical tensions intensify, governments may shift their focus and resources away from sustainability initiatives, potentially hindering the development of advanced recycling infrastructure and the adoption of eco-friendly practices.

Competitive Landscape

The United States Plastic Recycling Market is highly fragmented, with numerous players serving it. The key players dominating the market include Agilyx, Brightmark LLC, Plastipak Holdings, Inc., Custom Polymers, MBA Polymers Inc., Freepoint Eco-Systems LLC, Industrial Plastic Recycling Inc., KW Plastics, Seraphim Plastics, and Carbonlite Inc. The key marketing strategies the players adopt are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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BlueWeave Consulting & Research Pvt Ltd

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[psatalk]

Dow, Freepoint to transform plastic waste into circular products

Dow and Freepoint Eco-Systems have announced an agreement for an estimated 65,000 metric tons per year of certified-circular, plastic waste-derived pyrolysis oil to produce new, virgin-grade equivalent plastics in Dow's US Gulf Coast operations. Together, Dow and Freepoint Eco-Systems are building a recycling system that converts plastic waste into valuable materials and fosters a circular economy for plastics in North America. 

Dow is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Freepoint Eco-Systems and its related companies are affiliates of Freepoint Commodities LLC, a global commodities merchant providing supply chain management services and eco-friendly products and solutions to its customers.

The pyrolysis oil will be produced at a new advanced recycling facility owned and operated by Freepoint Eco-Systems Eloy Recycling LLC, a Freepoint Eco-Systems affiliate. Once completed, the new advanced recycling facility, to be constructed in Arizona, will be ISCC Plus-Certified. The facility will process end-of-life plastic waste in the region, diverting it from landfills or incineration, by converting that waste into recycled pyrolysis oil. For every ton of plastic waste, approximately 70% is expected to be converted to pyrolysis oil and sold exclusively to Dow for phase one of the facility, beginning as early as 2026.

Utilizing the circular liquid supply, Dow will produce new products with virgin-grade equivalent plastics, replacing those made from conventional feedstock. The resulting circular products will be suitable for use in various applications including food-grade packaging (such as pet food, confectionery, and snacks) as well as medical and pharmaceutical packaging, while maintaining existing product performance and reducing reliance on fossil feedstocks. 

"This agreement with Dow represents a substantial step toward accelerating the circular economy in the region and helps to scale what will be an important advanced recycling facility in the U.S.," added Jeff McMahon, managing director at Freepoint Eco-Systems. "We are expanding capabilities for more circular economy solutions for plastic waste globally." 

"Our agreement with Freepoint Eco-Systems marks another important step in Dow's pursuit to source circular supply and transform end-of-life plastic waste into products that help our customers meet their recycled content goals," said Victor Zapata, North America commercial vice president of Dow Packaging and Specialty Plastics. "The Dow team is energized to work with an innovative partner like Freepoint Eco-Systems that shares our commitment to building a much-needed infrastructure for circular plastics." 

"Through this collaboration, Dow is redefining how we source raw materials for our products while tackling the challenge of plastic pollution," said Issam Lazraq, Dow global sustainable feedstocks director, Feedstocks and Commodities. "By converting locally available plastic waste, that was destined for landfills or incineration, into pyrolysis oil supply for our U.S. Gulf Coast operations, we are building a reliable circular feedstock supply portfolio." 

As Freepoint Eco-Systems previously announced, once fully operational, the new facility will have a total nameplate capacity to recycle approximately 180,000 tons of plastic waste per year – equivalent to the weight of approximately 9,000 fully loaded semi-trailer trucks. Phase one, expected to start up in 2026, will initially process 90,000 tons of waste, yielding 65,000 metric tons of pyrolysis oil sold exclusively to Dow. The facility will be located in Eloy, Arizona, on 40 acres of undeveloped land.     

"The development of this advanced recycling facility by Freepoint Eco-Systems and its affiliates, supported by the agreement with Dow, furthers Arizona's position as a leader in the circular economy evolution for the region, creating quality green jobs and fueling continued sustainable economic growth for Eloy," said Eloy Mayor Micah Powell. 

[leprivatebanker]

Freepoint settles US charges over multi-year bribery scheme

[charvireportprime]

Jewelry Manufacturing Software Market Size, Type, segmentation, growth and forecast 2023-2030

Jewelry Manufacturing Software Market

The Jewelry Manufacturing Software Market is expected to grow from USD 1.02 Billion in 2022 to USD 1.87 Billion by 2030, at a CAGR of 10.40% during the forecast period.

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Jewelry Manufacturing Software Market Size

CNC machine monitoring software is a type of software used to monitor the performance and productivity of computer numerical control (CNC) machines. The software is divided into different market segments based on types such as cloud desktop, field type, and applications such as automobile, aerospace, and industrial, spread across regions including North America, Asia Pacific, Middle East, Africa, Australia, and Europe. The market players of CNC machine monitoring software include FreePoint Technologies Inc, MachineMetrics, MGC BV, Seiki Systems Ltd, Predator Software, JITbase Technology Inc, Shop Floor Automations Inc, FactoryWiz, Memex, Scytec Consulting Inc, and eNETDNC. Regulatory and legal factors specific to market conditions also play a significant role in the CNC machine monitoring software market. These factors are influencing market growth, such as government rules, industrial policies, export/import regulations, and potential markets.

Jewelry Manufacturing Software Market Key Player

PIRO

Diaspark ERP

Suntech

Jewels

Jeweal

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Jewelry Manufacturing Software Market Segment Analysis

The Jewelry Manufacturing Software market is a niche market that caters to the specific needs of jewelry manufacturers. The target market for this software includes small and medium-sized jewelry manufacturers who require an easy-to-use and efficient software solution to streamline their production and inventory management processes.

One of the major factors driving revenue growth in the Jewelry Manufacturing Software market is the increasing use of technology in the jewelry industry. Jewelry manufacturers are realizing the benefits of using technology such as software solutions to improve their productivity, reduce costs, and enhance their customer experience. Furthermore, the growing demand for customization and personalization of jewelry has led to an increased need for software solutions that can help manufacturers to manage their inventory levels, production processes, and customer orders.

The latest trends in the Jewelry Manufacturing Software market include the use of cloud-based solutions, which provide greater scalability and flexibility to manufacturers. This allows them to access their data from anywhere and at any time, resulting in improved efficiency and productivity. Other trends include the use of artificial intelligence and machine learning to optimize production processes and the integration of predictive analytics to help manufacturers forecast demand and plan their production accordingly.

However, the Jewelry Manufacturing Software market also faces several challenges, including the high cost of implementing and maintaining the software solutions, the lack of skilled professionals to operate the software, and the need for ongoing integration with other systems within the organization.

The main findings of the report suggest that the Jewelry Manufacturing Software market is poised for significant growth in the coming years, with a high demand for cloud-based solutions and the integration of advanced technologies such as artificial intelligence and machine learning. To capitalize on this growth, software vendors need to focus on providing cost-effective solutions that are easy to use and integrate. In addition, they need to invest in training and educating their customers on the benefits of using their software solutions.

Overall, the report recommends that companies operating in the Jewelry Manufacturing Software market focus on developing innovative solutions that can help customers to improve their efficiency, reduce costs, and enhance their customer experience. By doing so, they can position themselves as leaders in this rapidly growing market

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Market Segmentation (by Application):

Small and Medium Enterprises (SMEs)

Large Enterprises

Information is sourced from www.reportprime.com

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[charvireportprime]

CNC Machine Monitoring Software Market Size, Type, segmentation, growth and forecast 2023-2030

CNC Machine Monitoring Software  Market

The CNC Machine Monitoring Software Market is expected to grow from USD 134.40 Million in 2022 to USD 190.30 Million by 2030, at a CAGR of 5.10% during the forecast period.

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CNC Machine Monitoring Software  Market Size

CNC machine monitoring software is a type of software used to monitor the performance and productivity of computer numerical control (CNC) machines. The software is divided into different market segments based on types such as cloud desktop, field type, and applications such as automobile, aerospace, and industrial, spread across regions including North America, Asia Pacific, Middle East, Africa, Australia, and Europe. The market players of CNC machine monitoring software include FreePoint Technologies Inc, MachineMetrics, MGC BV, Seiki Systems Ltd, Predator Software, JITbase Technology Inc, Shop Floor Automations Inc, FactoryWiz, Memex, Scytec Consulting Inc, and eNETDNC. Regulatory and legal factors specific to market conditions also play a significant role in the CNC machine monitoring software market. These factors are influencing market growth, such as government rules, industrial policies, export/import regulations, and potential markets.

CNC Machine Monitoring Software  Market Key Player

FreePoint Technologies Inc

MachineMetrics

MGC BV

Seiki Systems Ltd

Predator Software

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CNC Machine Monitoring Software  Market Segment Analysis

The CNC Machine Monitoring Software market is a rapidly growing industry primarily driven by the increasing adoption of automation in the manufacturing sector. The market includes software solutions that enable real-time monitoring of CNC machines, providing manufacturers with vital performance data that can help improve efficiency, reduce downtime, and enhance productivity. The market is expected to witness an impressive growth rate over the forecast period, owing to the rising demand for smart manufacturing technologies.

One of the major factors driving revenue growth in the CNC Machine Monitoring Software market is the increasing demand for process optimization and efficiency. The ability of machine monitoring systems to detect operational issues in real-time and provide actionable insights to optimize manufacturing processes has become a key driver of revenue growth. Moreover, the need to reduce unplanned downtime and maximize machine utilization is also contributing to the growth of the market.

The latest trends in the CNC Machine Monitoring Software market include the growing use of cloud-based solutions to manage machine monitoring data. Cloud-based solutions have proven to be efficient in managing operations across different locations, providing manufacturers with real-time access to machine performance and enhancing collaboration between teams. Another trend is the integration of machine monitoring software with other smart manufacturing technologies, such as artificial intelligence and the Industrial Internet of Things (IIoT).

Despite the significant growth prospects in the market, there are still challenges that need to be addressed. One major challenge is the high cost of implementation, which may hinder small and medium-sized businesses from adopting the technology. Another challenge is the lack of skilled personnel to manage and analyze data generated by the software.

The report's main findings indicate that the global CNC Machine Monitoring Software market is expected to grow at a significant rate over the forecast period. North America and Europe are anticipated to lead the market owing to the high adoption of advanced manufacturing technologies in the region. The key players in the market are investing in research and development activities to enhance the features and functionalities of their software solutions.

As a recommendation, the players in the market must focus on improving their service offerings such as customization, training, and support to increase customer satisfaction and loyalty. Additionally, players in the market must also invest in developing affordable software solutions for small and medium-sized enterprises to increase the adoption rate of the technology. Lastly, partnerships and collaborations with established manufacturers could help players in the market to expand their market presence and improve their revenue growth.

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Market Segmentation (by Application):

Automobile

Aerospace

Industrial

Information is sourced from www.reportprime.com

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