The automotive coatings sector is bifurcated into OEM and refinish applications. This 360° research presents an assessment of the current status and future prospects, key participants, the emerging technologies, and more.
Which functionality-based excipient segment is poised to grow in the future? Who are the key industry participants? What are the key factors driving and restricting growth in this sector? Answer these questions and more.
Protective clothing is used by various end industries to provide protection against work hazards. As this sector is projected to reach $2,633.24 million by 2024, examine the impact the US-China trade war, and COVID-19 have on this segment.
While the title of this article suggests that uncertainty is not a constant, it actually is. But to truly understand the role of innovation, we must first acknowledge that some moments are more uncertain than others: 2020 has clearly demonstrated that reality.
So what is the role of innovation today? How do weremain focused on innovation when times are tough? Should you even try? To tackle these questions, the last one must be addressed first.
Should innovation even be a priority now?
It is incredibly hard to grow, even during good times. Companies struggle with new product success, illustrated by a 95% fail rate. Lack of growth is the No. 1 reason why CEOs are dismissed. Innovation is at the tip of the spear if we consider growth to be a serious and hopefully obvious goal of any company. Innovative employees are a corporation’s equivalent of Navy Seals: precision experts with a mission target and a clear plan for how to execute that mission. Tough times arethe perfect catalyst when innovation must be accelerated, given that competitors both known and unknown may be taking their proverbial foot off the gas pedal. During every major economic downturn, Nike doubled down on its R&D investment with great success, strengthening the business and shoring up core markets. The company recognized a growth opportunity and acted, using its innovation culture as the mechanism to move swiftly.
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Increasing preference for construction adhesives compared to conventional mechanical fixing with screws or nails due to multiple competitive advantages is expected to create growth avenues for construction adhesive and sealant manufacturers. However, this industry is challenged by the demand for continual chemistry innovation, and will be significantly impacted by the 2020 COVID-19 macroeconomic factor.
Thermal insulation is critical in various industries, including construction, petroleum, and automotive, as insulation helps protect against unwanted heat loss or gain. However, traditional products incorporated into insulation, such as polystyrene and polyurethane, are non-renewable materials and there is an increasing demand for advanced and innovative materials comprising aerogel, vacuum insulation, and gas-filled panels.
This comprehensive research covers the different plastics that are being used in the construction of residential, commercial and industrial buildings. Thermoplastics
such as Polyvinyl chloride (PVC), Polyethylene (PE), Polypropylene (PP), Polycarbonate (PC), Acrylonitrile butadiene styrene (ABS), Polyamide (PA), Polymethyl methacrylate (PMMA) and Polyoxymethylene (POM), and composite polymer materials such as wood-plastic composite (WPC), are widely used for manufacturing various non-load-bearing applications.
The chemical and materials industry is unique in that it depends on, and feeds into, every other downstream industry. As such, it prospers and fails in tandem with end-use industry activity. In the last 20 years, for many companies, it has been a constant battle to achieve decent industry growth.
Frost & Sullivan’s recent analysis, The KSA and the UAE’s Health & Wellness Food & Beverage Industry Outlook, 2020, highlights changing consumer habits and regulatory agencies in the Gulf Cooperation Council (GCC), emphasizing a healthy lifestyle. By the end of 2020, the health & wellness F&B sector in this region is estimated to reach $14.56 billion at a compound annual growth rate (CAGR) of 10.9%.
Frost & Sullivan’s recent analysis, Global Outlook for Chemicals in the Plastics and Composites, CASE, and Construction Industries, 2020, finds that the market of coatings, adhesives, sealants, and elastomers (CASE), plastics and composites, and construction chemicals will be driven by new supply chain optimization concepts, digital transformation, and circularity in products, processes, and packaging.Read more