#Impact of COVID-19 on Metal Roofing Market
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The Roofing Materials Market: A Multi-Billion Dollar Industry Overhead
Roofing Materials Industry Overview
The global Roofing Materials Market reached an estimated valuation of USD 129.62 billion in 2023 and is projected to expand at a CAGR of 3.9% from 2024 to 2030. This growth is anticipated due to increasing investments in the renovation and redevelopment of both commercial and residential structures. However, it's important to note that the global construction sector experienced hindered growth following the economic recession triggered by the COVID-19 crisis. This led to diminished investor confidence and a reduction in construction activities, causing a significant setback for the market in 2020.
Recent governmental initiatives worldwide aimed at promoting green building development have also encouraged consumers to undertake roof replacements. Furthermore, the demand for installing solar panels on roofs surged in 2020 and is expected to maintain its upward trajectory throughout the forecast period.
Detailed Segmentation:
Product Insights
The asphalt shingles segment is projected to register a CAGR of 3.9% in terms of volume over the forecast period. Low capital costs and an easy installation process are anticipated to drive the demand for asphalt shingles as roofing materials over the forecast period.
The metal roof segment is anticipated to grow at the fastest CAGR in terms of revenue from 2024 to 2030. Metal roofs are versatile and can be converted into any desired shape such as shingles or slates to fit the surface structures of different types of buildings. Moreover, the low lifecycle costs, less weight, and fire resistance of metal roofs are expected to drive their global demand over the forecast period.
Application Insights
The residential application segment led the market and accounted for 56.2% of the global revenue share in 2023. Factors such as the increasing global population and rising preference of consumers for single-family housing structures are anticipated to fuel the growth of residential segment of roofing materials market during the forecast period.
Regional Insights
The roofing materials market in China is expected to grow at a CAGR of 4.4% in terms of revenue from 2024 to 2030. Rapid urbanization in China is one of the primary factors fueling the growth of the construction industry in the country. In addition, various demographic factors such as the continuously increasing elderly population and the improvement in the standards of living of the masses owing to urbanization are expected to drive the growth of the roofing material industry in China.
Gather more insights about the market drivers, restraints, and growth of the Roofing Materials Market
Key Companies & Market Share Insights
The following are the leading companies in the roofing materials market. These companies collectively hold the largest market share and dictate industry trends.
GAF, Inc
Owens Corning
CertainTeed, LLC
Johns Manville.
Wienerberger AG
Crown Building Products LLC
Atlas Roofing Corporation
CSR Limited
Carlisle Companies Inc.
TAMKO Building Products LLC.
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Recent Development
In February 2023, Air TAMKO Building Products LLC. announced the product launch of innovative shingles called New Titan XT. The product has a layer of curated asphalt coating and aggressive modified sealants. The product was aimed to offer contractors and property owners a Class 3 Impact Rating and UL 2218-certified product.
In November 2023, CertainTeed, LLC announced the opening of a roofing material manufacturing and distribution center in Texas, U.S. This strategic investment reaffirms its position in the roofing market and allows the company to efficiently serve its customers in the southern part of the U.S.
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Polyvinyl Chloride (PVC) Resin Market - Forecast(2024 - 2030)
Polyvinyl Chloride (PVC) Resin Market Overview
The Polyvinyl Chloride (PVC) Resin Market size is estimated to reach US$86.2 billion by 2027, after growing at an estimated CAGR of 4.7% during the forecast period 2022-2027. Polyvinyl Chloride (PVC) resin is a thermoplastic resin manufactured by polymerization of vinyl chloride monomers. It is extensively used over polypropylene, polyethylene terephthalate and polyethylene owing to its superior impact strength and stiffness. The PVC resin has major utilization in the building and construction sector due to superior features such as strength, preference over metal materials, lightweight, durability and non-toxicity, thereby driving the polyvinyl chloride (PVC) resin market. In addition, the rise in medical and healthcare projects is fueling its demand for a wide range of applicability in blood transfusion sets, emergency burns treatment, bedding covers and others, thereby offering growth in the polyvinyl chloride (PVC) resin industry. The major disruption caused by the COVID-19 outbreak impacted the growth of the Polyvinyl Chloride (PVC) Resin market due to disturbance in manufacturing, closure of construction sites, falling vehicle production, supply chain disruption and other lockdown restrictions.
Polyvinyl Chloride (PVC) Resin Market Report Coverage
The “Polyvinyl Chloride (PVC) Resin Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyvinyl Chloride (PVC) Resin Industry.
By Type: Rigid and Flexible.
By Application: Dashboards, Consumer Electronics, Sealants, Electric Wires, Flooring, Pipes, Cable Insulation and Others.
By End-use Industry: Automotive (Passenger Vehicles [PVs], Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs]), Building & Construction (Residential, Commercial, Industrial and Infrastructural), Electrical & Electronics (Computer, Fuse Boxes and Others), Medical & Pharmaceuticals, Consumer Goods and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and Rest of the Middle East] and Africa (South Africa, Nigeria and the Rest of Africa)].
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Key Takeaways
North America dominates the Polyvinyl Chloride (PVC) Resin Market, owing to growth factors such as the flourished base for the construction sector, rising healthcare spending and urbanization. They would continue to boost the market in this region.
The flourishing building & construction sector across the world is propelling the demand for Polyvinyl Chloride (PVC) Resin for various applications such as flooring, pipes & fittings, roofing and others, thereby influencing the growth in the Polyvinyl Chloride (PVC) Resin market size.
The growing demand for Polyvinyl Chloride (PVC) Resin over polypropylene, polyethylene, polyethylene terephthalate and others for medical applications in blood sets, coverings and others is fueling the growth in the market.
However, the environmental threats associated with PVC act as a challenging factor in the Polyvinyl Chloride (PVC) Resin industry.
Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Type
The flexible segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.6% during the forecast period 2022-2027. The demand for flexible PVC resin type is growing due to factors such as strong application scope over rigid type, excellent insulation, non-toxicity and stability. The applicability of flexible polyvinyl chloride is surging in the residential construction sector for roofing, home flooring, sealants and others. In addition, increasing usage of electrical wires and cables in electronics is also boosting its demand. Thus, with established utilization across major end-use sectors, the flexible Polyvinyl Chloride (PVC) Resin type is anticipated to grow rapidly during the forecast period.
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Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by End-use Industry
The building & construction segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.9% during the forecast period 2022-2027. The polyvinyl chloride (PVC) resin has major applications over other resins such as polypropylene, polyethylene, polyethylene terephthalate and others in the building and construction sector. It is mainly used for flooring, roofing, sealants, pipe & fittings, cladding and others due to its superior strength, versatility, lightweight and durability. For instance, according to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. According to European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for the year 2021 compared to 2020. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by the year 2025. With the established base for construction activities, the applicability of this thermoplastic resin for flooring, home roofing and others is risin. These are the reasons why the production and growth scope for Polyvinyl Chloride (PVC) Resin is projected to rise rapidly during the forecast period.
Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Geography
North America held a significant Polyvinyl Chloride (PVC) Resin Market share of up to 17.6% in 2021. The lucrative growth scope for polyvinyl chloride (PVC) resin in this region is influenced by the flourished base for the construction sector, rising healthcare production and rapid urbanization. For instance, according to the United States Census Bureau, the total privately-owned housing units completed in the U.S rose from 1,326 thousand units in December 2021 to 1,465 thousand units in May 2022. According to the Conference Board of Canada, the residential construction investment rose by 7.6% in March 2021 to US$10.99 billion over the past 11 months. According to the International Trade Administration (ITA), the forecasted construction value in Mexico increased from US$72.89 billion in 2020 to US$82.56 billion in 2022. Furthermore, the new housing construction is expected to hold 22% of the housing investment through 2024. Thus, with an increase in construction production and investment activities in North America, demand and production for PVC resins are growing, which, in turn, is anticipated to boost the growth scope for Polyvinyl Chloride (PVC) Resin market in North America during the forecast period.
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Polyvinyl Chloride (PVC) Resin Market Drivers
Rapid Growth of the Automotive Industry :
Polyvinyl Chloride (PVC) Thermoplastic Resins have significant demand in the automotive sector for applications in automotive door panels, seat covering, coatings and others. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021. According to the China Association of Automotive Manufacturers (CAAM), the production and sales of new energy vehicles reached 1.29 million units and 1.25 million units in the quarter 1st of 2022 respectively, marking a rise of 140% year-on-year. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the increase in automotive vehicle production, the utilization of PVC resin in the vehicle body, seating and others is rising, which, in turn, is driving the Polyvinyl Chloride (PVC) Resin industry.
Flourishing Growth of the Electrical & Electronics Industry:
The Polyvinyl Chloride (PVC) Resin is widely used in the electrical and electronics sector for applicability in wires and cables, computers, lighting and others, owing to superior insulation and durability. The lucrative growth in the electronics sector is influenced by growth factors such as robust demand for consumer electronic devices, soaring production base and urbanization. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. With the rise in electronics device production and growth scope, the utility and production of Polyvinyl Chloride (PVC) Resin for applications in electrical appliances are rising, thereby driving the Polyvinyl Chloride (PVC) Resin industry.
Polyvinyl Chloride (PVC) Resin Market Challenge
Harmful Impacts of Polyvinyl Chloride (PVC) Resin on Environment :
Polyvinyl Chloride Resin, which is used in making PVC plastic, poses severe toxicity. The PVC resin plastic is produced through chlorine-based chemicals and releases toxic fumes in the environment, which creates an environmental hazard. The PVC releases a large number of dioxins, hydrocarbons, phthalates and other harmful substances during production and waste disposal, thereby leading to air pollution and human health threat. Moreover, PVC is non-biodegradable and leads to soil, air and water damage. Thus, owing to such harmful effects on the environment, the utilization and applicability of PVC face slowdown. Due to this reason, the Polyvinyl Chloride (PVC) Resin industry anticipates major obstacles in its growth.
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Polyvinyl Chloride (PVC) Resin Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyvinyl Chloride (PVC) Resin Market. The 10 companies in the Polyvinyl Chloride (PVC) Resin Market are:
LG Chem
Kem One
Cires SA
SCG Chemicals Co. Ltd.
Braskem
Mitsubishi Chemical Corporation
INEOS Group
Solvay
Shin-Etsu Chemical
Recent Developments
In July 2022, Meghmani Finechem Limited commissioned the largest chlorinated polyvinyl chloride resin plant. The latest CVC unit has a capacity of up to 40,000 TPA which fulfills the demand in the PVC business.
In April 2021, LG Chem announced the production of sustainable materials, including polyvinyl chloride, at its polymerization plant in Yosu and Iksan.
In October 2020, AGR resin, which is a modified polyvinyl chloride resin of Xinjiang Zhongtai Chemical Fukang Energy Company, passed the Standard Project Evaluation to offer excellent durability and strength.
#Polyvinyl Chloride (PVC) Resin Market#Polyvinyl Chloride (PVC) Resin Market Share#Polyvinyl Chloride (PVC) Resin Market Size#Polyvinyl Chloride (PVC) Resin Market Forecast
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Flat Rolled Aluminum Products Market to Exhibit a CAGR of 4.9%, Reaching USD 134.6 Billion by 2032
The Flat Rolled Aluminum Products Market has been witnessing significant growth due to its widespread application across various industries, including automotive, packaging, construction, and electronics. Flat rolled aluminum products include aluminum sheets, plates, and foils, which are used extensively for their lightweight, high strength, and corrosion resistance properties. The rising demand for lightweight materials, especially in the automotive and aerospace industries to improve fuel efficiency and reduce emissions, has bolstered the market's expansion.

The global Flat Rolled Aluminum Products Market was valued at USD 87.55 billion in 2023 and is projected to grow to USD 91.84 billion by 2024. The market is expected to reach approximately USD 134.6 billion by 2032, with a compound annual growth rate (CAGR) of around 4.9% during the forecast period from 2024 to 2032.
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Key Drivers
Growth in the Automotive Industry: The demand for lightweight and fuel-efficient vehicles has spurred the need for aluminum-based products, particularly flat rolled aluminum, due to its weight-saving benefits over traditional steel.
Sustainability and Recycling: Aluminum is highly recyclable, with approximately 75% of all aluminum ever produced still in use today. The global push towards sustainable materials, and recycling, has positively influenced the demand for flat rolled aluminum products.
Construction Sector Growth: Aluminum’s durability, resistance to corrosion, and ease of fabrication make it ideal for modern construction applications, especially in facade systems, window frames, and roofing.
Expanding Packaging Industry: Flat rolled aluminum is widely used in the packaging industry, particularly for beverage cans, food packaging, and pharmaceutical applications, owing to its barrier properties and ability to be formed into thin sheets.
Key Restraints
Fluctuations in Raw Material Prices: The aluminum market is highly dependent on raw material prices, primarily bauxite and alumina. Fluctuations in their prices, often driven by geopolitical tensions or supply chain disruptions, can pose challenges to manufacturers' profit margins.
Competition from Substitutes: Other materials such as steel, plastics, and composites often compete with aluminum in various applications, such as construction and packaging. While aluminum is known for being lightweight, certain substitutes might be more cost-effective in some cases.
Energy-Intensive Production Process: Aluminum production is energy-intensive, and the growing emphasis on reducing carbon footprints in manufacturing processes has led to scrutiny over the industry’s environmental impact.
Read Full Report Summary Click Here: Global Flat Rolled Aluminum Products Market
Key Companies Profiled:
RUSAL ,Novelis ,China Hongqiao Group ,Hindalco Industries ,Sumitomo Light Metal Industries ,Kobe Aluminum ,Aluminium Bahrain ,Rio Tin to ,Constellium SE ,Vedanta Resources ,UACJ ,Norsk Hydro ,National Aluminium Company ,Alcoa Corporation
Opportunities
Emergence of Electric Vehicles (EVs): The rapid growth of electric vehicles presents a lucrative opportunity for the flat rolled aluminum market as automakers increasingly shift towards lightweight materials to enhance EV efficiency and range.
Technological Advancements: Continuous improvements in rolling techniques, alloy development, and surface treatments are enhancing product quality and expanding the range of potential applications.
Demand from Emerging Economies: Rapid industrialization and urbanization in emerging economies, especially in Asia-Pacific and Latin America, are likely to spur demand for flat rolled aluminum products across multiple sectors, including infrastructure and consumer goods.
Challenges
Supply Chain Disruptions: Global supply chain issues, exacerbated by the COVID-19 pandemic, continue to impact the availability of raw materials, logistics, and overall production capacities in the aluminum industry.
Environmental Regulations: Stricter environmental regulations surrounding emissions and energy consumption in aluminum production could increase operational costs and pose a barrier to growth, especially for smaller manufacturers.
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Facade Market Future Market Projections and Strategies 2024-2033 | Global Insight Services
“Global Insight Services offers unparalleled market intelligence and strategic consulting services to businesses worldwide. Our expertise spans across various industries, including healthcare, technology, and consumer goods, providing comprehensive analysis and actionable insights. By leveraging advanced data analytics and in-depth market research, we empower our clients to make informed decisions, identify growth opportunities, and stay ahead of the competition”.
The global facade market was valued at US$ 195.4 billion in 2021 and it is anticipated to grow up to US$ 311.6 billion by 2031, at a CAGR of 4.8% during the forecast period.
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A façade is the building’s deceiving external look. The building’s vertical and horizontal facades include the roof, ventilator louvers, and street awnings. The materials used for building facades are increasingly being employed for energy conservation in addition to aesthetic purposes. It aids in building temperature management, therefore façade industry participants are designing weather-specific facades. Facades are commonly employed in high-rise buildings and offices, as well as stores and apartments. It enhances visual appeal, serves as insulation against heat, cold, moisture, and noise, and shields the building from harm.
Market Drivers and Trends
Urbanization and modernization are both crucial factors in the market’s expansion. When building facades, a number of aspects, such as waterproofing, fabrication, durability, and resilience to extreme conditions, are taken into consideration and reasons for market growth. The market is expected to develop as consumer opinions change and attention to a building’s exterior look increases. Increased renovation spending is a result of rising disposable income, which is predicted to accelerate market expansion. In industrialized nations like the U.S., increasing expenditures in the development of the residential and commercial construction industries can fuel market expansion.
Market Restraints and Challenges
The expansion of the facade market is anticipated to be hampered by high installation and repair costs as well as high raw material costs. They must only be attached and detached by professionals. Furthermore, a lack of knowledge about the advantages of facade materials could further restrain market expansion.
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Global Facade Market Segmentation
By Type
Ventilated
Non-Ventilated
By Material
Glass
Metal
Fiber
Others
By End-User
Commercial
Residential
Industrial
Major Players in the Global Facade Market
The key players studied in the global facade market are as Axis Facades (U.S.), Enclos Corp. (U.S.), Façade ONE (India), Permasteelisa S.P.A (Italy), Ramboll Group A/S (Denmark), Linder Group (Germany), Martins (India), Meinhardt Group (Singapore), Qingdao REXI Industries Co., Ltd.(China), and YKK AP Façade PTE Ltd (Tokyo).
COVID-19 Impact
The global construction sector has been severely impacted by the COVID-19 outbreak. In addition, the total lockdown in several cities in important nations including China, the U.S., Germany, the U.K., and India had a big impact on the worldwide economic downturn in 2020. In addition, the virus’ quick spread has compelled the cancellation of numerous current residential, commercial, and industrial construction projects across the globe. As a result, the demand for facade products and services is anticipated to decline over a shorter period of time due to the slower growth in the building and real estate industries caused by the decreased demand for purchasing homes and offices. However, once the situation has normalized, the global facade market is predicted to increase significantly.
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Research Scope
Scope – Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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Explore the Future: 3D Printing Filament Market Business Trends, Technological Advancements, and Strategic Insights for Industry Growth
The 3D Printing Filament Market is Valued at USD 1.5 billion in 2024 and is projected to reach USD 9.9 billion by 2032, growing at a CAGR of CAGR of 23.30% During the Forecast period of 2024–2032.
The report presents an overview of the market with the production of the cost, dispatch, application, use volume, and arrangement. The 3D Printing Filament research report offers significant bits of information into the business focus from the early stage including some steady techniques chalked out by perceptible market pioneers to develop a strong foothold and development in the business. The researcher investigates the worldwide market for 3D printing filament. The study sheds light on current practices, approaches, technology, and instruments that can improve business performance.
Key Companies in the Global 3D Printing Filament Market BASF SE, Covestro Ag, DOW, DSM, Evonik Industries Ag, Keene Village Plastics, Mitsubishi Chemical Corporation, SABIC, Solvay, Shenzhen Esun Industrial Co. Ltd, Stratasys, and Others.
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Pivotal Questions Answered in the Global 3D Printing Filament Market Report: ➥ What are the major value propositions of the 3D Printing Filament market? ➥ Who are the leading players functioning in the Global 3D Printing Filament marketplace? ➥ What are the vital offerings new entrants concentrate on to implement unique positioning strategies? ➥ What are the growth opportunities for the new entrants in the Global 3D Printing Filament industry? ➥ What are the futuristic prospects of the 3D Printing Filament market across the globe? ➥ What are the new strategic frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?
Key Report Highlights: The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the 3D Printing Filament market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global 3D Printing Filament market. The report offers an overview of the market, which briefly describes the market condition and the leading segments.
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The Purpose of This Report Is to Provide: ➥ A qualitative and quantitative analysis of the 3D Printing Filament market of current trends, dynamics, and estimates from 2024 to 2032. Ultimately, this 3D Printing Filament report will help save you time and money by providing unbiased information under one roof. ➥ The in-depth market segmentation analysis helps to identify the prevailing market opportunities. ➥ Analytical tools such as SWOT analysis and Porter’s Five Forces analysis explain the power of 3D Printing Filament buyers and suppliers, make profit-oriented decisions, and strengthen their business.
Key Segments of the 3D Printing Filament Market Include:
By Material:
Plastics
Polyethylene Terephthalate (PET)
Polylactic Acid (PLA)
Acrylonitrile Butadiene Styrene (ABS)
Nylon
Others
Metals
Titanium
Aluminium
Stainless Steel
Nickel
Others
Ceramics
Glass
Quartz
Fused Silica
Others
By End-Use Industry:
Aerospace & Defense
Medical & Dental
Automotive
Electronics
Others
Compelling Reasons to Purchase This Report: ➥ A study of the developing competitive landscape is provided. ➥ It provides analytical data along with strategic planning so that firms may make well-informed decisions. ➥ It provides a seven-year analysis of the 3D Printing Filament Market. ➥ It facilitates comprehension of the most important product categories. Researchers shed light on the market’s dynamics, including its potential, trends, drivers, and constraints. ➥ It provides a business profile of various stakeholders and a regional analysis of the 3D Printing film market. ➥ It provides a wealth of information about popular trends that may affect the development of the 3D Printing Filament Market.
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Key Topics Covered:
1. Preface 2. Research Methodology 3. Executive Summary 4. Market Overview 5. Market Insights 6. 3D Printing Filament Market, by Molecule Type 7. 3D Printing Filament Market, by Lines of Chemotherapy 8. 3D Printing Filament Market, by Route of Administration 9. Americas 3D Printing Filament Market 10. Asia-Pacific 3D Printing Filament Market 11. Europe, Middle East & Africa 3D Printing Filament Market 12. Competitive Landscape 13. Competitive Portfolio
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USD 100.60 Billion Growth In Decorative Coatings Market Size With 4.20% By 2032

Decorative Coatings Market Size Was Valued at USD 69.47 Billion in 2024 and is Projected to Reach USD 100.60 Billion by 2032, Growing at a CAGR of 4.20% From 2024-2032.
Decorative Coatings Market Share, Size, Growth, Trends, & Industry Forecast Analysis Report, By Type, Application and Regional Segment Forecast, 2024-2032, provides an extensive analysis of current market dynamics and predicted future trends.
Decorative coatings, being scratch-resistant, and giving a shiny color to metallic and plastic substrates, are used in lots of applications. Decorative coatings assist in enhancing the aesthetics and provide safety to unique surfaces. It may be implemented to residential residences on roof coatings, wall paints, or deck finishes, building, trims and fittings. Furthermore, the software of the decorative coating consists of automotive indoors and outside parts, and patron products, consisting of, cell phones, computer systems, cameras, earrings and watches, toilet equipment, door handles, and eyewear
Leading Key Players Covered in Decorative Coatings market:
Asian Paints,Axalta,AkzoNobel,Berger Paints,Benjamin Moore,BASF,Cromology,Covestro,DowDuPont,DAW SE,Dunn-Edwards,DuluxGroup,RPM International,The Sherwin-Williams Company,PPG Industries,Kansai Paints,Arkema,Masco Corporation,NIPPON PAINT,NOROO Paint & Coatings,Nuplex Industries,Ring International,Tikkurila and others major players.
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The study report goes into great detail on the predicted trends and consumer behavior patterns that will affect the growth of the global Decorative Coatings market. The product, application, and region components of the global Decorative Coatings market research study are separated into three segments. Each division is broken down into chapters that cover numerous aspects. Year-over-year growth graphs and segment-specific drivers and restraints are included in the chapters. The research also includes government estimates for regional markets that have an impact on the global Decorative Coatings industry.
Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
Segmentation of Decorative Coatings market:
By Product:
By Application:
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Regional Analysis for COVID-19 Outbreak-Global Decorative Coatings Market:
(U.S., Canada, Mexico)
(Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
(Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
(China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
(Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
(Brazil, Argentina, Rest of SA)
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Decorative Coatings market share for key players, along with new projects and strategies that players have adopted over the past five years
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#Decorative Coatings Market#Decorative Coatings Market Size#Decorative Coatings Market Share#Decorative Coatings Market Growth#Decorative Coatings Market Trend#Decorative Coatings Market segment#Decorative Coatings Market Opportunity#Decorative Coatings Market Analysis 2023#US Decorative Coatings Market#Decorative Coatings Market Forecast#Decorative Coatings Industry#Decorative Coatings Industry Size
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India's Zinc Crises
India’s Zinc Crises
The zinc industry in India has experienced fluctuations in recent years, notably during the COVID-19 pandemic. In FY 2021-22, India's zinc consumption rebounded by approximately 13% to 630 kt after a significant decline in the previous year due to the pandemic. The demand for zinc is expected to normalize in CY 2022 and CY 2023, driven by various factors such as infrastructure projects, the government's economic vision, and the push for 100% electrification. The country's abundant zinc resources position it well to enhance self-reliance in metal consumption, especially in battery applications where zinc could potentially replace imported lithium.
Globally, the zinc market is forecasted to grow steadily, with WoodMac predicting a 1.3% increase in global zinc consumption in CY 2022 and an average growth of 1.7% during CY 2023 and CY 2024. This growth is attributed to a shift towards de-carbonization and infrastructure investments, particularly in developing regions like Asia. China remains a key player in the zinc market, with Asia expected to drive demand growth at an average rate of 1.8% during this period.
The divestment of shares in zinc companies like Hindustan Zinc is being considered, with plans to split the business into separate entities for zinc and lead, silver, and recycling. This restructuring aims to streamline operations and potentially facilitate easier divestment processes. Despite challenges like fluctuating zinc prices and uncertainties in global economies, Hindustan Zinc remains focused on the Indian market, where demand has been resilient, particularly in the infrastructure sector.
On the production side, global zinc supply faced disruptions, with refined zinc metal production falling by 2.6% due to smelter closures for maintenance and energy price increases. However, the long-term outlook for zinc prices may face pressure from growing surpluses, as new mine projects come online, potentially leading to refined stock buildups. The global zinc warehouse stocks have shown fluctuations, with a decline in both Shanghai Futures Exchange and London Metal Exchange stocks.
Industries that are significantly affected by a hike in zinc prices include those reliant on zinc as a key raw material in their production processes. Some of the industries impacted by an increase in zinc prices are:
1. **Automotive Industry**: Zinc is commonly used in the automotive sector for galvanizing steel to prevent corrosion. A rise in zinc prices can lead to increased production costs for car manufacturers, impacting the overall cost of vehicles.
2. **Manufacturing Industry**: Various manufacturing processes across industries rely on zinc for galvanization, alloy production, and other applications. An increase in zinc prices can directly impact the cost of manufacturing goods, influencing pricing strategies and profit margins. Manufacturing of Bags accessories industries highly dependent on zinc prices too.
3. **Construction Industry**: The construction sector utilizes zinc for galvanizing steel structures, roofing materials, and pipelines. Higher zinc prices can elevate construction costs, affecting infrastructure projects and real estate development.
4. **Electrical and Electronics Industry**: Zinc is essential in the production of batteries, electrical components, and electronic devices. Any surge in zinc prices can raise manufacturing expenses for companies in this sector, potentially leading to increased product costs.
5. **Pharmaceutical Industry**: Zinc is used in pharmaceuticals and nutraceuticals. A spike in zinc prices can impact the production costs of medicines and supplements, potentially affecting pricing and availability for consumers.
These industries are interconnected, and a hike in zinc prices can have cascading effects on supply chains, production costs, and consumer prices across multiple sectors. Monitoring zinc price trends is crucial for businesses in these industries to adapt their strategies and mitigate the impact of price fluctuations on their operations.
In conclusion, India's zinc industry faces a mix of challenges and opportunities, with a focus on meeting domestic demand, exploring new applications like battery technology, and addressing health implications related to zinc deficiency. The sector's resilience amidst global market dynamics and the country's strategic initiatives to boost zinc consumption highlight the importance of zinc in India's industrial and public health landscapes.
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Global Bolts Market Size Expected To Reach USD 43,099.31 Million With CAGR 5.10% By 2030

Market Overview:
The global bolts market has witnessed substantial growth and is expected to continue its upward trajectory. In 2022, the market size was reasonably estimated to be approximately USD 28,950.00 Million, and it is projected to reach USD 43,099.31 Million by the end of 2030, exhibiting a CAGR of around 5.10% from 2022 to 2030. Bolts are essential threaded fasteners with external male threads requiring matching pre-formed female threads, such as nuts. They play a vital role in securing various components mechanically and are widely used in construction, automotive, aerospace, and other industries.
Major Key Players:
Würth Industries Service GmbH & Co. KG (Germany), REYHER (Germany), AB Steel Inc. (Canada), Keller & Kalmbach GmbH (Germany), Rockford Fastener Inc. (U.S.), Viha Steel & Forging (India), Brunner Manufacturing Co. Inc. (U.S.), Kd Fasteners Inc. (U.S.), Big Bolt Nut (India), Fabory (Netherlands), Fastenal Company (U.S.), B&G Manufacturing (U.S.), Jignesh Steel (India), Other Major Players.
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Market Drivers and Opportunities:
Increasing Applications in the Automotive Industry: Bolts play a crucial role in fastening various components in the automotive industry, ensuring the functionality and safety of brakes, air filters, and other parts. With the automotive industry relying on over 30,000 small parts, including bolts and nuts, the demand for durable and reliable fasteners continues to grow. Metal bolts and nuts, commonly used in automotive applications, are chosen for their strength, resilience, and resistance to corrosion.
Highly Growing Investment in Infrastructure Development: Bolts are indispensable in the construction industry, used extensively throughout the building process. High-quality bolts are essential for creating sturdy and dependable structures that can withstand various environmental stresses. From roof to basement, every component of a building relies on bolts and other fasteners to ensure durability and safety.
Covid-19 Impact Analysis on Bolts Market:
The COVID-19 pandemic presented challenges to the bolts market, leading to supply chain disruptions, operational logistics issues, reduced demand, and more. Bolt factories faced difficulties in securing raw materials and experienced disruptions in production and order acceptance. Lack of production personnel, due to COVID-19 outbreaks and restrictions, further impacted the market.
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Bolts Market Segmentation:
Segment Analysis of the Bolts Market:
Type:
Half Screw Bolt
Full Screw Bolt
The market is segmented based on the type of bolts, including half screw bolts and full screw bolts. Half screw bolts are threaded fasteners with partially threaded shanks and are widely used in applications requiring clamping force and dowel action. On the other hand, full screw bolts have threaded shanks along their entire length and are versatile, offering strong and reliable fastening solutions.
Material:
Metal
Plastic
The material segment includes metal and plastic bolts. Metal bolts, made from materials like steel, stainless steel, or aluminum, dominate the market due to their high strength and durability. However, plastic bolts are gaining traction in specific applications where corrosion resistance, electrical insulation, or weight reduction is essential.
Application:
Construction
Automotive
Aerospace
Others
The bolts market finds applications in various sectors, including construction, automotive, aerospace, and others. In the construction industry, bolts are crucial for securing structural elements and creating joints in buildings and infrastructure. Automotive bolts are extensively used in vehicles to hold critical components together, ensuring their safety and functionality. Aerospace bolts must meet strict quality standards and are used in critical applications within aircraft and spacecraft.
For this report, Introspective Market Research has segmented the Bolts Market based on region:
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
Recent Developments:
In March 2022, Fabory acquired Fastto Nederland BV, a well-known fastener expert with a relevant product line and dedicated patrons, showcasing a strong strategic fit between the two experts in fasteners.
In February 2021, Würth Industry announced the acquisition of Atlantic Fasteners Inc., a major player in the structural industry, manufacturing structural bolts, and distributing standard and specialty fasteners.
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About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to helping our clients grow and successfully impact the marketplace. Our team at IMR is ready to help our clients grow their businesses by offering strategies to achieve success and monopoly in their respective fields. We are a global market research company, specializing in the use of big data and advanced analytics to gain a broader picture of market trends. We help our customers to think differently and build a better tomorrow for all of us. As a technology-driven research company, we consider extremely large data sets to uncover deeper insights and provide conclusive consulting. We don't just provide intelligence solutions, we help our clients achieve their goals.
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Introspective Market Research
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60616 USA
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#Bolts#Bolts Market#Bolts Market Size#Bolts Market Share#Bolts Market Growth#Bolts Market Trend#Bolts Market segment#Bolts Market Opportunity#Bolts Market Analysis 2024#US Bolts Market#Bolts Market Forecast#Bolts Industry#Bolts Industry Size#china Bolts Market#UK Bolts Market
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Regional Analysis of U.S. Residential and Commercial Roofing Materials Market
U.S. Residential and Commercial Roofing Materials Market Growth & Trends
The U.S. Residential and Commercial Roofing Materials Market size is anticipated to reach USD 21.69 billion by 2030 and is projected to grow at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market may be attributed to a booming worldwide construction sector as a result of increased public and private investments in the creation of new residential spaces, and commercial spaces in the U.S. Roofing materials demand is increasing on account of stringent rules and regulations regarding the building codes and energy efficiency.
With a rise in severe weather conditions, there is a rise in demand for impact-resistant roofing materials, and this trend is expected to grow at a moderate pace during the forecast period. The surge in demand for single-family homes and commercial spaces is driving the need for roofing materials in the U.S. The growing emphasis on energy-efficient and sustainable building practices is further contributing to the growing demand for roofing materials. Additionally, factors such as a flourishing regional economy, population growth, higher investments in the renovation and redevelopment of both residential and commercial structures, and a strong recovery in the construction sector following the COVID-19 pandemic are fueling the demand for roofing materials throughout the forecast period.
Oxford Economics reported that the global construction industry's overall output reached USD 10.7 trillion in 2020, and it's anticipated to grow by approximately 42% in the coming years, reaching a projected size of USD 15.2 trillion by 2030. According to data from the U.S. Census Bureau, construction spending in the U.S. hit a seasonally adjusted annual rate (SAAR) of USD 1,844.1 billion in February 2023, growing at a 5.2% compared to the USD 1,753.1 billion SAAR recorded in February 2022. This growing trend is expected to continue in the coming years, contributing to the increased demand for U.S. residential and commercial roofing materials from 2024 to 2030.
In addition, the use of asphalt shingles in roofing materials is surging in the states across the U.S., owing to the prevailing trend of developing sustainable and green buildings for achieving energy efficiency through lower consumption for temperature control in the buildings. The utilization of asphalt shingles in roofing applications is cost-effective and results in low energy utilization. Lower installation cost and higher durability of the asphalt shingles tiles as compared to the other roofing materials makes it as an ideal choice for building roofing materials. The installation of asphalt shingles is easy, which further reduces the overall budget of construction projects across the U.S.
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U.S. Residential and Commercial Roofing Materials Market Report Highlights
Asphalt shingles segment dominated the market and accounted for a share of 55.0% in terms of revenue in 2023. Asphalt shingles are extensively used in residential and commercial buildings to ensure increased energy efficiency. The lower installation and material cost of asphalt shingles as compared to the other roofing materials makes it an ideal choice for roofing materials in most of the states in the U.S.
Metal roofs segment is witnessing surged demand for use in commercial spaces owing to the increased durability and easier lower slope roof installation. They are used at low slope roofs where the installation of HVAC in larger spaces could be done on the roof saving the internal space
The residential end-use segment accounted for USD 15.72 billion in revenue share in 2023 and is anticipated to witness significant growth at a CAGR of 4.5% over the forecast period. The growth in the number of nuclear families in developing and developed states such as Texas, California, Florida, and Arizona is resulting in the growth of residential end-use
The commercial end use is anticipated to grow at a CAGR of 4.4% over the forecast period. This growth can be attributed to the rising demand for commercial spaces such as offices, warehouses, hotels & restaurants, shopping malls, and supermarkets
California dominates the market, accounting for USD 1.70 billion in 2023. The state’s flourishing economic growth, increased construction activities, and rising awareness regarding eco-friendly insulating roofing materials drive the growth.Moreover, the region is one of the largest consumers of U.S. residential & commercial roofing materials in the world. Factors such as increasing investment in affordable housing, smart city construction, and investment in the tourism sector are expected to boost the demand for U.S. residential & commercial roofing materials over the forecast period.
U.S. Residential and Commercial Roofing Materials Market Segmentation
Grand View Research has segmented the U.S. residential and commercial roofing materials market based on product, application, construction type, and region:
U.S. Residential & Commercial Roofing Materials Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2018 - 2030)
Asphalt Shingles
Metal Roofs
Plastics
Concrete Tiles
Clay Tiles
Others
U.S. Residential & Commercial Roofing Materials Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2018 - 2030)
Residential
Commercial
U.S. Residential & Commercial Roofing Materials Construction Type Outlook (Volume, Million Square Feet; Revenue, USD Million, 2018 - 2030)
New Construction
Re-roofing
U.S. Residential & Commercial Roofing Materials Regional Outlook (Volume, Million Square Feet; Revenue, USD Million, 2018 - 2030)
U.S.
California
Texas
Florida
Arizona
North Carolina
South Carolina
New Jersey
New York
Colorado
Georgia
Utah
Download your FREE sample PDF copy of the U.S. Residential and Commercial Roofing Materials Market today and explore key data and trends.
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Bisphenol A (Bpa) Market Report Coverage
The report “Bisphenol A (Bpa) Market – Forecast (2024-2032)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bisphenol (Bpa) Industry.
By Application: Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, Polyacrylate, Polysulfone resins, Polyetherimide, Others.
By Geography: North America, South America, Europe, APAC, Middle East and Africa.
Key Takeaways
Epoxy resins and other plastics are made from BPA. Plastic from BPA is ideally adapted to the manufacture of a range of consumer goods such as sports gear, electrical devices, water bottles, DVDs, and CDs, including heat & solvent stability, resistance, and stability at low temperatures.
Future demand for BPA is dependent on the global economic health, since the end-use segment includes the construction, automobile, and computer sectors. In various industrial applications, the demand driver for epoxy resins, vinyl ester resins, tetrabromobisphenol a, nitrate reductase, is its good quality efficiency in terms of thermal stability, corrosion resistance, moisture resistivity, mechanical strength, and adhesion.
Increasing investments in research and development is supposed to have a massive business potential.
The global COVID-19 pandemic resulted in a sudden halt to manufacturing operations worldwide which affected the demand for and development of plastics. Automotive & transport, household products, heavy machinery, manufacturing, and telecommunications are the most significantly impacted end usage categories of the plastics market. Covid19 will be the main contributor to this market
Application - Segment Analysis
Polycarbonate Resins segment holds the largest share in Bisphenol (Bpa) Market in 2019, is growing at a CAGR of 6.98% during forecast period 2020-2025. Polycarbonates are a high-performance thermoplastic commonly used to create and construct. Throughout a range of skylight and window uses, polycarbonate sheets may be used as a glass alternative. These are often known as opaque coverings, canopies, cross walls, façades, roofs for sporting facilities, roofs and roofing domes. These can also be used as opaque coverings. The usage of polycarbonate products in greenhouses in recent years has increased considerably. There are broad greenhouse growing areas throughout Europe, such as Germany, the Netherlands, Spain and France. Europe's urban industrial greenhouse sector accounts for nearly 25%.
The increasing popularity of polycarbonates is expected to drive the polycarbonate market during the forecast period due to their advantages over other standard materials (including glass and other plastics). In addition, polycarbonate is used in the automobile industry to retain strength, minimize weight, withstand shock for bumpers, restrict the explosion of danger through the usage of fuel tanks, seat belts, airbags, door and benches, subsystems, bumpers, components for under-bonnet, exterior trims etc. At present, 10 kg of polycarbonate is used in different ways to manufacture a standard four-wheel vehicle.
Geography - Segment Analysis
North America dominated the Bisphenol (Bpa) Market share with more than 52.65% in 2019, followed by APAC and Europe. This year, BPA is widely used in infant bottles and used to line metal food containers with more than 2 billion pounds manufactured in the United States. According to the developments in glazing construction the steady growth of the trade industry, primarily in the construction of offices, is likely to have positive effects on the polycarbonate business. In the next few years, the country's office space demand is expected to rise almost by 10%, effectively growing the scale of the industry for bisphenol A (BPA). Throughout the past five years, demand has been rising consistently in the United States and automotive revenues have been steadily increasing.
This rapid development contributed to improved consumer demand for sunroofs, window frames, grips, inner lenses, handles of doors, headlight bezels, inner focus points and flammable radiator brows, which are being used in manufacture of polycarbonates. This emerging market for polycarbonates is expected to raise the bisphenol A (BPA) supply demand. The US Power Department plans to produce 404 GW of wind power by 2050, up from 89 GW in 2018. The rising market for composites fuels new developments including the production of low-cost carbon fibers and high-performance glass fibers.
#Bisphenol A (Bpa) Market#Bisphenol A (Bpa) Market shape#Bisphenol A (Bpa) Market forecast#industry outlook#Bisphenol A (Bpa) Market analysis#market forecast#Bisphenol A (Bpa) Market research
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About MarketsandMarkets Study- Know How Building Panels Market Is Trending In Key Regions To Reach Next Level In Coming Years?
About MarketsandMarkets Study- Know How Building Panels Market Is Trending In Key Regions To Reach Next Level In Coming Years?
Building panels are large, prefabricated structural components used in construction. They are typically made from materials such as metal, concrete, or wood and can be used to form walls, roofs, and floors. Building panels are a cost-effective and time-saving way to construct buildings, as they can be quickly installed with minimal labor. The demand for building panels is increasing due to the…

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#Building Panels Industry Analysis#Building Panels Market#Building Panels Market Growth#Building Panels Market Share#Building Panels Market Size#Building Panels Market Trends#corrugated metal paneling#corrugated metal sheets#COVID 19 impact on Building Panels Market#foam insulation board#Global Building Panels Market#home depot wood fence panels#metal roofing sheets#structural insulated panels#Structural Insulated Panels Market
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The report "Building Panels Market by Type (Concrete Panels, VIP, SIP, Wood Panel), Raw Material (Concrete, Plastic, Metal, Wood, Silica), End Use (Floors & Roofs, Walls, Columns & Beams, Staircase), Application (Residential & Non-Residential) - Forecast to 2021", The building panels market size is projected to grow from USD 170.83 Billion in 2016 to USD 230.93 Billion by 2021, at a CAGR of 6.21% from 2016 to 2021
The global building panels market is driven by factors such as rapid development in the construction technology, modular/precast/prefabricated building systems, and rising demand in the residential and commercial sectors. The market for building panels market is driven by its rising demand for new construction and transportation facilities. The rising population and increasing disposable income of consumers in emerging economies are expected to drive the demand for these industries, which would in turn increase the application of this type of construction components and techniques.
The floors & roofs segment is projected to be the largest market in 2021. The demand for building panels for floors and roofs is expected to experience a higher growth rate, mainly because of the growing demand from the residential and commercial sectors. The Asia-Pacific region is projected to be the fastest-growing market for the floors & roofs segment owing to its increasing emphasis on building construction activities.
#Building Panels Market#Structural Insulated Panels Market#metal roofing sheets#foam insulation board#corrugated metal paneling#structural insulated panels#home depot wood fence panels#corrugated metal sheets#structural insulated panels market#COVID 19 impact on Building Panels Market#Global Building Panels Market#Building Panels Industry Analysis#Building Panels Market Size#Building Panels Market Share#Building Panels Market Growth#Building Panels Market Trends#Building Panels Market Forecast
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Polyvinyl Chloride (PVC) Resin Market - Forecast(2024 - 2030)
Polyvinyl Chloride (PVC) Resin Market Overview
The Polyvinyl Chloride (PVC) Resin Market size is estimated to reach US$86.2 billion by 2027, after growing at an estimated CAGR of 4.7% during the forecast period 2022-2027. Polyvinyl Chloride (PVC) resin is a thermoplastic resin manufactured by polymerization of vinyl chloride monomers. It is extensively used over polypropylene, polyethylene terephthalate and polyethylene owing to its superior impact strength and stiffness. The PVC resin has major utilization in the building and construction sector due to superior features such as strength, preference over metal materials, lightweight, durability and non-toxicity, thereby driving the polyvinyl chloride (PVC) resin market. In addition, the rise in medical and healthcare projects is fueling its demand for a wide range of applicability in blood transfusion sets, emergency burns treatment, bedding covers and others, thereby offering growth in the polyvinyl chloride (PVC) resin industry. The major disruption caused by the COVID-19 outbreak impacted the growth of the Polyvinyl Chloride (PVC) Resin market due to disturbance in manufacturing, closure of construction sites, falling vehicle production, supply chain disruption and other lockdown restrictions.
Polyvinyl Chloride (PVC) Resin Market Report Coverage
The “Polyvinyl Chloride (PVC) Resin Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyvinyl Chloride (PVC) Resin Industry.
By Type: Rigid and Flexible.
By Application: Dashboards, Consumer Electronics, Sealants, Electric Wires, Flooring, Pipes, Cable Insulation and Others.
By End-use Industry: Automotive (Passenger Vehicles [PVs], Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs]), Building & Construction (Residential, Commercial, Industrial and Infrastructural), Electrical & Electronics (Computer, Fuse Boxes and Others), Medical & Pharmaceuticals, Consumer Goods and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and Rest of the Middle East] and Africa (South Africa, Nigeria and the Rest of Africa)].
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Key Takeaways
North America dominates the Polyvinyl Chloride (PVC) Resin Market, owing to growth factors such as the flourished base for the construction sector, rising healthcare spending and urbanization. They would continue to boost the market in this region.
The flourishing building & construction sector across the world is propelling the demand for Polyvinyl Chloride (PVC) Resin for various applications such as flooring, pipes & fittings, roofing and others, thereby influencing the growth in the Polyvinyl Chloride (PVC) Resin market size.
The growing demand for Polyvinyl Chloride (PVC) Resin over polypropylene, polyethylene, polyethylene terephthalate and others for medical applications in blood sets, coverings and others is fueling the growth in the market.
However, the environmental threats associated with PVC act as a challenging factor in the Polyvinyl Chloride (PVC) Resin industry.
Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Type
The flexible segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.6% during the forecast period 2022-2027. The demand for flexible PVC resin type is growing due to factors such as strong application scope over rigid type, excellent insulation, non-toxicity and stability. The applicability of flexible polyvinyl chloride is surging in the residential construction sector for roofing, home flooring, sealants and others. In addition, increasing usage of electrical wires and cables in electronics is also boosting its demand. Thus, with established utilization across major end-use sectors, the flexible Polyvinyl Chloride (PVC) Resin type is anticipated to grow rapidly during the forecast period.
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Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by End-use Industry
The building & construction segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.9% during the forecast period 2022-2027. The polyvinyl chloride (PVC) resin has major applications over other resins such as polypropylene, polyethylene, polyethylene terephthalate and others in the building and construction sector. It is mainly used for flooring, roofing, sealants, pipe & fittings, cladding and others due to its superior strength, versatility, lightweight and durability. For instance, according to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. According to European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for the year 2021 compared to 2020. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by the year 2025. With the established base for construction activities, the applicability of this thermoplastic resin for flooring, home roofing and others is risin. These are the reasons why the production and growth scope for Polyvinyl Chloride (PVC) Resin is projected to rise rapidly during the forecast period.
Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Geography
North America held a significant Polyvinyl Chloride (PVC) Resin Market share of up to 17.6% in 2021. The lucrative growth scope for polyvinyl chloride (PVC) resin in this region is influenced by the flourished base for the construction sector, rising healthcare production and rapid urbanization. For instance, according to the United States Census Bureau, the total privately-owned housing units completed in the U.S rose from 1,326 thousand units in December 2021 to 1,465 thousand units in May 2022. According to the Conference Board of Canada, the residential construction investment rose by 7.6% in March 2021 to US$10.99 billion over the past 11 months. According to the International Trade Administration (ITA), the forecasted construction value in Mexico increased from US$72.89 billion in 2020 to US$82.56 billion in 2022. Furthermore, the new housing construction is expected to hold 22% of the housing investment through 2024. Thus, with an increase in construction production and investment activities in North America, demand and production for PVC resins are growing, which, in turn, is anticipated to boost the growth scope for Polyvinyl Chloride (PVC) Resin market in North America during the forecast period.
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Polyvinyl Chloride (PVC) Resin Market Drivers
Rapid Growth of the Automotive Industry :
Polyvinyl Chloride (PVC) Thermoplastic Resins have significant demand in the automotive sector for applications in automotive door panels, seat covering, coatings and others. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021. According to the China Association of Automotive Manufacturers (CAAM), the production and sales of new energy vehicles reached 1.29 million units and 1.25 million units in the quarter 1st of 2022 respectively, marking a rise of 140% year-on-year. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the increase in automotive vehicle production, the utilization of PVC resin in the vehicle body, seating and others is rising, which, in turn, is driving the Polyvinyl Chloride (PVC) Resin industry.
Flourishing Growth of the Electrical & Electronics Industry:
The Polyvinyl Chloride (PVC) Resin is widely used in the electrical and electronics sector for applicability in wires and cables, computers, lighting and others, owing to superior insulation and durability. The lucrative growth in the electronics sector is influenced by growth factors such as robust demand for consumer electronic devices, soaring production base and urbanization. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. With the rise in electronics device production and growth scope, the utility and production of Polyvinyl Chloride (PVC) Resin for applications in electrical appliances are rising, thereby driving the Polyvinyl Chloride (PVC) Resin industry.
Polyvinyl Chloride (PVC) Resin Market Challenge
Harmful Impacts of Polyvinyl Chloride (PVC) Resin on Environment :
Polyvinyl Chloride Resin, which is used in making PVC plastic, poses severe toxicity. The PVC resin plastic is produced through chlorine-based chemicals and releases toxic fumes in the environment, which creates an environmental hazard. The PVC releases a large number of dioxins, hydrocarbons, phthalates and other harmful substances during production and waste disposal, thereby leading to air pollution and human health threat. Moreover, PVC is non-biodegradable and leads to soil, air and water damage. Thus, owing to such harmful effects on the environment, the utilization and applicability of PVC face slowdown. Due to this reason, the Polyvinyl Chloride (PVC) Resin industry anticipates major obstacles in its growth.
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Polyvinyl Chloride (PVC) Resin Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyvinyl Chloride (PVC) Resin Market. The 10 companies in the Polyvinyl Chloride (PVC) Resin Market are:
LG Chem
Kem One
Cires SA
SCG Chemicals Co. Ltd.
Braskem
Mitsubishi Chemical Corporation
INEOS Group
Solvay
Shin-Etsu Chemical
Recent Developments
In July 2022, Meghmani Finechem Limited commissioned the largest chlorinated polyvinyl chloride resin plant. The latest CVC unit has a capacity of up to 40,000 TPA which fulfills the demand in the PVC business.
In April 2021, LG Chem announced the production of sustainable materials, including polyvinyl chloride, at its polymerization plant in Yosu and Iksan.
In October 2020, AGR resin, which is a modified polyvinyl chloride resin of Xinjiang Zhongtai Chemical Fukang Energy Company, passed the Standard Project Evaluation to offer excellent durability and strength.
#Polyvinyl Chloride (PVC) Resin Market#Polyvinyl Chloride (PVC) Resin Market Share#Polyvinyl Chloride (PVC) Resin Market Size#Polyvinyl Chloride (PVC) Resin Market Forecast#Polyvinyl Chloride (PVC) Resin Market Report#Polyvinyl Chloride (PVC) Resin Market Growth
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Metal Roofing Market -With Covid-19 Pandemic Analysis, Growth Rate, Share, Popularities, New Trend Analysis Forecast To 2027
Global Market for Metal Roofing Market – Segmental Analysis:
MRFR’s report offers a detailed segmental analysis of the market based on product type, metal type, and application. By product type, the metal roofing market has been segmented into standing seam roofing; metal tiles; shingles, and shakes; corrugated panels; plain panels; and others. By metal type, the market is segmented into steel roofing; copper roofing; aluminum roofing; zinc roofing; tin roofing; and others. By application, the market has been segmented into residential; commercial; and industrial.
Access Report @ https://www.marketresearchfuture.com/reports/metal-roofing-market-6554
Regional Outlook:
The global metal roofing market, by region, has been segmented into North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific is expected to witness significant growth over the next couple of years. The growth is attributable to the rapid urbanization and exponential population in the region which has catapulted the construction sector on an upward trajectory. The economic growth of the region is favoring the expansion of the metal roofing market, and the trend is prognosticated to perpetuate in the forthcoming years. The prominent country-level markets of the region include India, China, and Malaysia among others.
North America is a vital growth pocket and is likely to remain a lucrative market in the upcoming years. The rising count of housing projects, especially in the U.S., is complementing the growth of the regional market. Europe is expected to exhibit significant growth which can be ascribed to the high standards of living, accelerated economic activities in the construction sector, etc. Meanwhile, the Rest of the World resonates strong growth opportunities. The substantial growth of the Middle Eastern construction industry is poised to drive the expansion of the metal roofing market in the region.
Global Market for Metal Roofing Market – Competitive Dashboard:
Some of the key players operating in the global metal roofing market are Jinhu Color Aluminum Group, Ideal Roofing Co. Ltd, Reed’s Metals, Inc., ATAS International, Inc., Metal Sales Manufacturing Corporation, The OmniMax International, Inc., Firestone Building Products Company, DECRA Roofing Systems, Inc., BlueScope Steel Limited, Carlisle SynTec Systems, and ABC Supply Co. Inc.
Market Research Future (MRFR)’s latest analysis reveals that the global metal roofing market is set to exhibit healthy growth over the next couple of years. The expansion of the construction industry all across the world is anticipated to have a favorable impact on the growth of the metal roofing market. Additionally, the increasing investments in infrastructure projects coupled with rising global GDP are the major factors responsible for driving the growth of the market. The trend is projected to continue in the forthcoming years.
Building efficient roofing systems is the key area of focus for the manufacturers. Efforts are directed towards the innovation of product portfolio for offering longer lifespan, lower energy consumption, higher durability, safety from fire, etc. Technological innovations in the market have paved the way for the development of eco-friendly and green roofing, which has accelerated the revenue creation for the market participants. In an attempt to develop eco-friendly roofing systems, the manufacturers are using a high percentage of recyclable materials for building metal roofs. This, in turn, is likely to uphold the proliferation of the market over the next couple of years.
Metal roofing systems are lightweight and facilitate the easy installation of the system. Furthermore, long-term warranty is offered with metal roofing systems. These factors are poised to catalyze the expansion of the market in the upcoming years. The high capital cost is projected to hold the proliferation of the market. However, these roofing systems offer good returns on investments, and the cost is also estimated to reduce in the foreseeable future.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Dental Consumables Market Measurement,
SWOT analysis can also be incorporated within the report along with speculation attainability investigation and venture return investigation. A full value chain of the global Dental Consumables market is offered within the research report.
It is associated with the evaluation of the downstream and upstream parts of the Dental Consumables Market.
Additionally, this research report additionally includes an evaluation of the important thing drivers or drivers answerable for the growth of the Dental Consumables market.
Additionally, the report supplies several essential reasons that could hamper the growth of the market during the forecast interval.
Therefore, the study provides an estimate of market development primarily based on various segmentations and calculations produced from historic and current information. In doing this, the analysis stories can help customers carry out strategic development initiatives in the Dental Consumables market.
Technological developments in CAD/CAM market will offer profitable alternatives for business enlargement within the foreseeable future. CAD/CAM applied sciences are used for creating bridges, crowns, dentures and fabricated abutments used in dental restoration procedures.
The market is bifurcated on the premise of the categories of merchandise and customer utility segments. The market analysis demonstrates the expansion of each segment of the worldwide Dental Consumables market. The analysis report assists the consumer in taking a decisive step that might be a milestone in growing and increasing their businesses within the international Dental Consumables market.
For example, dental work performs a key role in medical tourism as patients journey to other regions and nations for procedures that could be too expensive or unavailable at residence—and dentists compete for his or her enterprise.
Also, the past 5 years have seen a big increase in demand for and dollars spent on cosmetic dentistry, because of a wider number of choices obtainable to sufferers.
The global dental consumables market was valued at US$ 25,521.2 Mn in 2019 and is forecast to succeed in a value of US$ forty six,282.9 Mn by 2027 at a CAGR of seven.eight% between 2020 and 2027.
It can also be estimated that individuals in the US spend around USD 2.75 billion annually on beauty dentistry. Bonding, whitening, and veneers had been discovered to be the most well-liked beauty procedures, most well-liked by 84% of the whole respondents.
This rising desire for beauty dentistry, coupled with the increase in disposable incomes, will significantly spur the growth of the dental consumables market in the coming years. Based on the understanding of the primaries conducted, secondary research, and the ample data in the MnM repository, we provided the market share, measurement, and CAGRs of varied dental implant products throughout the Asia Pacific and Latin America.
Our consumer utilized our evaluation to grasp the dynamics of the dental implants market and explore the emerging markets. A detailed income share analysis helped the client understand the highest players in this market.
On the basis of product, the market is categorized into dental restoration, endodontics, and different dental consumables .
The dental restoration section is additional classified based mostly on the materials into metals, polymers, ceramics, and biomaterials. The endodontics segment is categorized on the premise of endodontic recordsdata into materials sort and by type.
The material type is reclassified into stainless steel files and alloy recordsdata, whereas the type is assessed into handheld RC files and rotary recordsdata. The endodontics segment also contains obturators and everlasting endodontic sealers.
Further, justification for the estimates for each segments, and regions may also be offered in qualitative kind. Sales income and consumption estimates, yr-on-yr growth analysis, worth estimation and development evaluation, and so on. might be a part of quantitative information for the mentioned segments and areas/nations.
For composite supplies and finishing methods which are deigned to give you fewer steps in less time for spectacular results, browse out huge number of restorative dental supplies and merchandise. The COVID-19 pandemic continues to unfold on a regular basis with extreme impact on folks, communities, and businesses.
The progress in a number of industries will be impacted significantly whereas numerous other markets might stay unscathed and show promising progress alternatives. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impression on companies and replace our report forecasts.
The dental consumables market dimension has the potential to develop by USD four.forty six billion during , and the market’s development momentum will speed up through the forecast period.
The dental burs segment is reclassified into lengthy straight shank , latch-sort shank , and friction grip shank . By location, the Indian dental consumables market is analyzed across categorized into prime 5 metro cities, subsequent forty cities, and remainder of India.
In conclusion, the Dental Consumables Market report is a dependable supply for accessing the research information that is projected to exponentially speed up your small business. The report supplies info corresponding to economic situations, advantages, limits, developments, market development rates, and figures.
These applied sciences have several benefits including digital impressions, digital fashions as well as digital articulators. Additionally, these technologies present enhanced patient comfort with decreased therapy time and are effective for higher affected person care, thus drives the demand for dental gear. Today, alloys are just one small part of our business; nevertheless, we’re still leading the way in the restorative dental industry.
From implants to attachments manufactured in-house, to dental lab provides and digital dentures, our products are well known for high quality, together with unsurpassed value and efficiency. The Australian healthcare trade is dependent on imported gear and demand is excessive for top of the range, revolutionary dental products.
PORTER, SVOR, PESTEL analysis by area is roofed for the companies or individual investors who're taking a look at specific marketplace for growth or entry. dental consumables Micro as well as Macro financial elements are analysed to understand its impact on market progress and key player’s top traces.
Dental consumables are the tools used by dentists to examine, manipulate, treat, restore and remove enamel or different oral constructions. Dental consumables include dental products, dental supplies, implants, and others. Dental implant helps to keep up the jawbone's form and density together with replacing of tooth.
These implants help the facial skeleton, secure crowns, and indirectly assist gentle tissue structures corresponding to, cheek, lips and gum tissues. Materials such as, titanium and titanium alloy are widely used in dental implants.
These are made up of ceramic or porcelain material and in addition embrace other materials similar to gold, titanium, metallic alloy and acrylic. Dental supplies are fabricated materials which are designed to make dentistry products.
Over the years, smile restoration methods have gained popularity among all age groups, specifically amongst people aged 40fifty five years. Dental implantology, restorations, whitening & sharpening, and orthodontic remedy are a number of the most quickly rising segments within the cosmetic dentistry market.
According to a survey by the American Academy of Cosmetic Dentistry in 2015, 86% of a total of 351 respondents opted for beauty dentistry to enhance attractiveness and self-esteem.
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Wednesday, November 4, 2020
The coronavirus is surging, but Canada is keeping schools open (Washington Post) It’s been an uncertainty-ridden time for parents across Canada. As cases surge again, provinces are closing businesses, reimposing restrictions on public spaces and urging people to curb private gatherings. Still, as in European countries that are also tightening their rules, Canada is prioritizing keeping its schools open. All 13 provinces and territories are holding classes in person; in only some are hybrid or remote learning even options. In the United States, in contrast, nine states and territories have ordered some or all schools to hybrid or remote learning only, according to a tally kept by Education Week. Individual districts in other states are limiting or banning in-person classes. The incidence rate of covid-19 in people under 20 has increased since schools reopened, a trend the Public Health Agency of Canada says could be tied both to a growing number of school outbreaks and an increase in testing for that age group. Officials are responding by isolating sick pupils, quarantining classes hit by the virus and, in some cases, closing schools temporarily. But they’re resisting the blanket closures and wholesale shift to e-learning of the spring. “On balance, it’s been as expected,” said James Kellner, head of the pediatrics department at the University of Calgary. “And how that’s been has been concerning, but not terrible so far.”
Are ‘Kidfluencers’ Making Our Kids Fat? (NYT) Parents beware: Many YouTube channels that are wildly popular with young children are targeting them with thinly veiled ads for sugary beverages and junk food. That is the conclusion of a new study published on Monday in the journal Pediatrics. The authors of the study analyzed over 400 YouTube videos featuring so-called kid influencers—children with large social media followings who star in videos that show them excitedly reviewing toys, unwrapping presents and playing games. The study found that videos in this genre, which attract millions of young followers and rack up billions of views, were awash in endorsements and product placements for brands like McDonald’s, Carl’s Jr., Hershey’s, Chuck E. Cheese and Taco Bell. About 90 percent of the foods featured in the YouTube videos were unhealthy items like milkshakes, French fries, soft drinks and cheeseburgers emblazoned with fast food logos. The researchers said their findings were concerning because YouTube is a popular destination for toddlers and adolescents. Roughly 80 percent of parents with children 11 years old or younger say they let their children watch YouTube, and 35 percent say their children watch it regularly. Young children are particularly susceptible to marketing. Studies show that children are unable to distinguish between commercials and cartoons until they are 8 or 9 years old, and they are more likely to prefer unhealthy foods and beverages after seeing advertisements for them.
Turkeys (AP) A pertinent question coursing through the $4.3 billion turkey business is a basic one: how many turkeys are we gonna need for this Thanksgiving? It’s an incredibly complicated proposition. Grocery chain Kroger’s research found that 43 percent of shoppers plan to celebrate Thanksgiving with only their immediate family, which if true means that the birds people will want may be smaller, but they’re going to need way more of them as normally large gatherings (which would use a single large bird) temporarily splinter into smaller more intimate gatherings (necessitating multiple smaller birds). A lot is at stake, as in 2019 Americans spent $643 million on turkey in November. Walmart will carry 30 percent more turkey breasts in its stores for those who don’t want a full bird.
As the U.S. votes, the world watches with anxiety and hope (Washington Post) As Americans cast their votes in Tuesday’s presidential election, the world is watching closely, especially allies in Europe and rivals such as Russia, China and Iran, which could expect a very different U.S. foreign policy depending on the outcome. The choice of a U.S. president is always a matter of global importance—to allies, rivals, trading partners, and the web of treaties and institutions that bind countries together. This time, however, the stakes are exceedingly high. Analysts around the world expressed fears for America’s political system, speaking in terms often reserved for fragile democracies. Some commentators in China hope that a Joe Biden win could usher in a diplomatic respite, but fear that the deepened U.S.-China rivalry could persist, whoever wins. Pro-Kremlin media warn elections could lead to chaos and street fighting, predicting that President Trump will be forced to retreat to his White House bunker. Many European leaders fear Trump would weaken or destroy NATO if reelected. In Israel, where Prime Minister Benjamin Netanyahu has made much of his close ties with Trump, analysts wonder if a Democratic win might weaken the Israeli leader’s long hold on power.
Presidential race too early to call (AP) The Associated Press is not calling the presidential race yet because neither candidate has secured the 270 electoral college votes needed to claim victory. Republican Donald Trump said, “Frankly, we did win this election” over Democrat Joe Biden and said he would take the election to the Supreme Court. His assertion of victory does not match the results and information currently available to the AP. Trump or Biden would need 270 electoral votes to win. Several key states are too early to call, including Pennsylvania, Georgia and Michigan.
Hurricane Eta slams into Nicaragua as Category 4 storm (AP) The heart of powerful Hurricane Eta began moving ashore in Nicaragua Tuesday with devastating winds and rains that had already destroyed rooftops and caused rivers to overflow. The hurricane had sustained winds of 140 mph (220 kph), according to the U.S. National Hurricane Center, down from an overnight peak of 150 mph (240 kph). Landfall came hours after it had been expected. Eta’s eye had hovered just offshore through the night and Tuesday morning. The unceasing winds uprooted trees and ripped roofs apart, scattering corrugated metal through the streets of Bilwi, the main coastal city in the region. Nicaragua’s army moved red-helmeted troops specialized in search and rescue to Bilwi, the main coastal city in an otherwise remote and sparsely populated area.
France ponders new Paris curfew as lockdown rebels frustrate government (Reuters) France could reimpose a night curfew on Paris and possibly the surrounding region amid government frustration that too many people are ignoring lockdown rules as COVID-19 infections soar. France dramatically slowed the spread of the coronavirus in the spring with one of Europe’s strictest lockdowns. But 10 months into the epidemic and with winter drawing in, many are reluctant to endure another period of confinement. New COVID-19 lockdowns and curbs have stirred resistance across Europe even as countries including France and Spain deal with record daily infections and hospitals buckle under the strain.
Bad blood—why France-Turkey cartoon row could leave lasting impact (Reuters) Slights and barbs have marred relations between France’s Emmanuel Macron and Turkey’s Tayyip Erdogan for years, but the row over cartoons of the Prophet Mohammad has dragged them to a new low which could have more lasting consequences. If they cannot find a way to mend bridges, momentum is likely to build for a proposal, driven by France, for European Union sanctions on Turkey’s already-fragile economy, according to Turkish analyst Sinan Ulgen. “Neither Erdogan in Turkey nor Macron in France will step back,” said Ulgen, head of the Istanbul-based Centre for Economics and Foreign Policy Studies think tank. A French official familiar with policy towards Turkey said that in the light of the events of the past few weeks: “The question of sanctions is going to be raised.” EU leaders have already said that if Turkey fails to de-escalate tensions in the eastern Mediterranean by Dec. 10, sanctions would follow, though there is no draft proposal yet.
5 dead in Vienna attack (AP) Five people died, including an assailant, and 17 others were wounded in a shooting in the heart of Vienna hours before a coronavirus lockdown started, Austrian authorities said Tuesday. The dead attacker was a 20-year-old Austrian-North Macedonian dual national who had a previous terror conviction. Two men and two women died from their injuries in the attack Monday evening, Chancellor Sebastian Kurz said. The suspected attacker was shot and killed by police. Vienna’s hospital service said seven people were in life-threatening condition Tuesday after the attack, the Austrian news agency APA reported. In total, 17 people were being treated in hospitals, with gunshot wounds but also cuts. “It is now confirmed that yesterday’s attack was clearly an Islamist terror attack,” Kurz said. Interior Minister Karl Nehammer later told APA that the dead assailant, who had roots in the Balkan nation of North Macedonia, had a previous conviction under a law that punishes membership in terrorist organizations. The attacker, named as Kujtim Fejzulai, was sentenced to 22 months in prison in April 2019 because he had tried to travel to Syria to join the Islamic State group. He was granted early release in December under juvenile law.
Ukraine close to catastrophe, minister says (Reuters) The situation with the coronavirus in Ukraine is close to catastrophic and the nation must prepare for the worst, health minister Maksym Stepanov said on Tuesday. Ukraine registered a record 8,899 new COVID-19 cases in the past 24 hours, the ministry said, up from the Oct. 30 high of 8,312. Total infections stood at 411,093 by Tuesday with 7,532 deaths. Ukraine imposed a strict lockdown in March but eased it in May. Stepanov said the government would consider how to preserve the economy and save people at the same time.
India, U.S., Japan and Australia kick off large naval drills (Reuters) India, the United States, Japan and Australia began their largest joint naval exercises in over a decade on Tuesday, Indian government sources said, seen as part of efforts to balance China’s vast military and economic power in the region. The annual “Malabar” wargames that India holds with the United States and Japan have been expanded to include Australia this year to cover all members of the Quad, an informal group of the four largest democracies in the Indo-Pacific. Five ships of the Indian Navy, including a submarine, were deployed in the exercise along with U.S. Navy’s John S McCain missile destroyer, Australia’s Ballarat frigate and a Japanese destroyer, the Indian ministry of defence said. Later this month, India and the United States will deploy aircraft carriers in the drills, a military source said.
Almost Like Clockwork, Talk of a Military Coup Follows Thai Protests (NYT) There are certain constants in Thailand: the drenching monsoons, the grand openings of new shopping malls and the rumors that the Royal Thai Armed Forces are plotting another coup. For weeks now, student-led protesters across Thailand have taken to the streets every few days, calling for a new constitution with authority over the monarchy, an end to the persecution of the political opposition and the resignation of Prime Minister Prayuth Chan-ocha, the retired general who led the most recent military coup, in 2014. While the security forces have not cracked down violently on these peaceful rallies, it’s unclear how long such restraint will last. Nor is it certain how long the army is willing to stay in the barracks, plotting against Mr. Prayuth, who was once one of their own. Whenever the generals launch a coup, the refrain is the same: Thailand needs a return to order, without messy rallies or dissenting voices. “I see a coup as not a bad thing,” said Sondhi Limthongkul, a prominent royalist. As recently as last week, Mr. Sondhi publicly called for yet another military intervention to restore stability and protect the monarchy, urging the military to quickly hand over power after seizing it so the king could oversee the formation of a unity government.
Oman to bring in income taxes (Foreign Policy) Oman is planning to introduce an income tax on top earners, beginning in 2022, in what would be a first for Gulf nations. The move comes as Oman attempts to narrow its budget deficit from 19 percent of GDP today, to closer to 2 percent in four years’ time. Up until now, Oman, Saudi Arabia, and the United Arab Emirates, have been taxing their populations slowly, using a value-added tax on purchases rather than taxing income.
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