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Metalworking Fluids Market Research Report to 2027 | Industry Size, Growth Share, Future Trends, Price, Top Key Players Review, Business Opportunities, Demand and Global Analysis by Forecast to 2027
As per a published report by Fortune Business Insights™ The global metalworking fluids market size is projected to reach USD 11.60 billion by the end of 2027. The increasing investments in the research and development of low cost and efficient products will have a huge impact on the growth of the market. According to a report published by Fortune Business Insights, the market was worth USD 10.25 billion in 2019 and will exhibit a CAGR of 4.3% during the forecast period, 2020-2027.

Metalworking fluids are used in heavy machinery and equipment to reduce the friction between two surfaces. The ability of these fluids to reduce the overall heat produced when in use, will contribute to the growing demand for the product across the world. The increasing investments in the research and development of efficient products will emerge in favor of the growth of the overall market in the coming years.

The increasing adoption of heavy machinery and equipment, driven by the rising industrial production and manufacturing units across the world will aid the growth of the market. The presence of several large scale manufacturers in this sector will also contribute to the growth of the overall metalworking fluids market in the foreseeable future.

Shutdown in Manufacturing Units will have a Negative Impact on Manufacturers during the Covid-19 Pandemic

The rapid spread of the coronavirus in several countries across the world has had a negative impact on several manufacturing units across the world. Due to the strict measures implemented by governments across the world, manufacturing units have come to a standstill. Due to social distancing practices, there has been a shortage in man power and labor across the world. This has had an adverse effect on manufacturers in the metalworking fluids sector across the world. Accounting to the adverse effects of the pandemic on the market, companies might look to implement newer strategies once the pandemic is over, with the aim of recovering the economic losses.

Company Mergers and Acquisitions are an Increasing Trend Among Industrial Manufacturing Companies and Fluid Manufacturers

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the massive demand for metalworking fluids across the world, there have been several company mergers and acquisitions in recent times. Due to healthy market competition, large scale companies are looking to acquire start-ups as well as SMEs with the aim of establishing a stronghold in the market. In August 2020, Quaker Chemical Corporation announced that it has completed the acquisition of Lubricor Inc. The latter is a manufacturer of and metalworking fluids that have been categorized for use in industrial machinery and equipment. This acquisition will not just help the company grow but will also influence the growth of the overall market in the coming years. The report highlights a few other company mergers of recent times and discusses their impact on the global market.

Asia Pacific to Emerge Dominant; Increasing Manufacturing Units to Emerge in Favor of Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of industrial manufacturing units in countries such as India and China will have a massive impact on the growth of the regional market. The presence of several large scale metalworking fluids manufacturers in these countries is consequential to the increasing demand for several resources. This is mainly attributable to the increasing population across the region. As of 2019, the market in Asia Pacific was worth USD 4.11 billion and this value is projected to rise at a considerable pace in the coming years.


Source: https://www.fortunebusinessins....ights.com/industry-r

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The global sterile medical packaging market size was valued at USD 39.79 billion in 2021. The market is projected to grow from USD 44.29 billion in 2022 to USD 73.67 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period.
The growing cognizance about the advantageous properties of sterile medical packaging such as tear resistance, durability, breathability, and the superior microbial barrier will promote the growth of the market during the forecast period, states Fortune Business Insights in a report, the market size stood 31.38 Billion in 2019.

Information source
https://www.fortunebusinessins....ights.com/sterile-me

Market Driver:
Growing Hygiene and Sterility in Medical Equipment to Stimulate Growth
The increasing prevalence of infectious and communicable diseases and viruses such as COVID-19, flu, tuberculosis, and SARS has led to improved hygiene in medical devices intending to prevent any contamination or spread of disease in patients. The focus towards robust packaging in medical devices such as syringes, needles, bandages, face masks, gloves, applicators, suction catheters, testing kits, and surgical sponges, will positively influence the market growth. The packaging used in these devices necessitates effectual maintenance for sterility. Thus, the need for effective packaging solutions will propel the market during the forecast period. In addition, the rising demand for single-use medical equipment owing to ethical and hygiene aspects for protection against the risks of disease transmission will foster healthy growth of the market in the forthcoming years.

Market Restraint:
Implementation of Stringent laws to Diminish Market Development
The implementation of stringent regulatory standards in manufacturing to maintain the sterility of packed contents will consequently dampen the growth of the market. These stringent norms ensure that the packed devices or instruments do not experience any adverse reaction or damage such as wear and tear from any external force during transportation. EN ISO 11607 (part 1 and part 2) is the global standard that specifies the validation requirements of medical packaging systems used for sterilized medical devices or instruments. These validation requirements are used in various steps of packaging products such as material selection, design qualification, design testing & control, and process validation. The complexity of these standard rules will impede emerging players to invest in the market during the forecast period.

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The global graphite market size was USD 13.60 billion in 2020. Based on our research, the global market displayed a massive decline of 1.23% in 2020. The market is projected to grow from USD 14.83 billion in 2021 to USD 25.70 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Graphite Market, 2021-2028.” The increasing demand is based on the factors such as it combines metallic and non-metallic, making it perfect for a varied range of industrial applications. It is a great conductor of electricity and heat, incomparable thermal steadiness, and lubricity. This is projected to bolster market growth in the foreseeable future.

Report Coverage

We have employed an exclusive research method that coversstatistics triangulation based on the well-known bottom-up and top-down tactics. Our analysts have presented detailed primary research to authenticate the projected size of this market. The data applied to represent the shares for multiple segments at the national, regional, and global levels is excavated from wide-ranging interviews with various investors. Our researchers have also derived data from paid records, industry journals, SEC filings, and many other similar sources.

Segmentation

By product, the market is divided into synthetic and natural. In terms of region, the market is globally segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Based on application, the market is categorized into refractories, foundries, batteries, friction products, lubricants, and others. The speedy industrial expansion and augmented demand for this native mineral from industries such as automobile, construction, aerospace, and metal production, among others, is responsible for the development of the refractories segment. It held a significant market share of 43.4% in 2020, while the U.S. earned 31.6%.

Drivers and Restraints

Increasing Usage of Lithium-ion in Manufacturing Automobile Batteries to Promote Growth

Lithium-ion batteries utilize graphite in the manufacturing process in the automotive sector, which are further used as alternatives to fuel in the new-generation electric vehicles and to augment energy density while decreasing charging periods. Graphite-carbon black additives in hybrid vehicles upsurge the electrical conductivity, lifecycle, and control approval of modern lead-acid batteries utilized in vehicles with start-stop roles and brake energy retrieval, as well as micro-hybrid cars. It is also used to create thermal conducting polymers that are extensively being used to substitute metal in the manufacturing of automobile parts. It is expected that the demand will rise in the near future as anode content usage of lithium-ion batteries magnifies along with the implementation of electric vehicles and lithium-ion battery uses. This is expected to bolster graphite market growth in the foreseeable future.

Regional Insights

Asia Pacific to Ace the Market in Long Run Backed by Supremacy in Automobile Production

The market in Asia Pacific was worth USD 8.24 billion in 2020. Asia Pacific dominated the graphite market share of 60.6% in 2020 and is anticipated to continue its supremacy during the forecast period. Augmented demand for conductors, graphite electrodes, and batteries, along with carbon fibre protected plastic, is projected to stimulate market growth.

Europe holds the second-largest share in the global market. Rising demand for lithium-ion batteries and several other electrical devices that contains graphite from European countries is assessed to reinforce demand. The renowned automotive industry in leading countries such as Germany and the U.K. are now concentrating on producing EVs that are driven by Li-ion batteries that demand this mineral.

North America is expected to showcase decent growth owing to the factor that Canada is one of the major producing regions. Moreover, the increased demand for the product and battery-powered appliances from numerous end-use sectors such as electronics, defense, aerospace, automobile, and others is likely to spike the regional growth.

Competitive Landscape

New Acquisitions by Key Players to Bolster Market Growth

Prominent players in the market are always planning strategies to expand their business successfully and to maintain their leading position in the market. One such strategy is launching products for better reach among end-users.

As every day passed, numerous chief players are establishing collaborations with companies from different as well as the same domain in order to magnify their businesses and develop technologically innovative products for their customers.

For example, in February 2021, a key player, Saint Jean Carbon, announced that the company had signed a letter of intent with vendors to attain all of the issues as well as the outstanding shares of a private firm based in Ontario which is involved in the R&D of solid-state batteries, known as Solid Ultrabattery Inc.

Industry Development

May 2019: Gratomic Inc. announced its first Graphene from Gratomic Graphite derivative product. Graphene-triggered conductive inks and pastes are prepared from Gratomic graphenes removed from graphite mined at the Aukum Mine in Namibia.

List of Key Players Covered in the Report

AMG (Hauzenberg, Germany)
Asbury Carbons (New Jersey, U.S.)
Eagle Graphite (Canada)
EPM Group (Moscow, Russia)
Grafitbergbau Kaisersberg GmbH (Kaisersberg, Austria)
Graphite India Limited (GIL) (India)
Imerys (Paris, France)
Nacional de Grafite (Brazil)
SGL Carbon (Wiesbaden, Germany)
Other Key Players
Browse Complete Report Summary:

https://www.fortunebusinessins....ights.com/graphite-m

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The global aramid fiber market size is projected to reach USD 7,243.3 million by the end of 2027. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 4,522.6 million in 2019 and will exhibit a CAGR of 6.5% during the forecast period, 2020-2027.

Information source: https://www.fortunebusinessins....ights.com/aramid-fib

Aramid fibers are widely used across diverse industry applications, mainly due to their exceptional physical properties. The product is characterized by mechanical strength and excellent resistance to external factors including pressure and humidity. As this is a manmade fiber, availability is not an issue. The increasing demand for the product has led to the presence of several large scale manufacturing units across the world. The presence of several large scale manufacturers will have a direct impact on the growth of the overall market in the forthcoming years. Besides this, properties such as low flammability and good fabric integrity will contribute to the growing adoption of these fibers across diverse industry verticals in several countries.

Increasing Number of Product Innovations will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for the product, there is healthy market competition across the world. Among all factors, the increasing number of product innovations has had the highest impact on the growth of the overall aramid fiber market in recent years. In September 2018, Snow Peak announced the launch of a new product through the integration of aramid fiber. The company introduced a new material fabric that is directed for use in outdoor apparel. The applications of aramid fiber are not limited to a single domain and this has been a major contributor to market growth. The increasing number of such product innovations will have a huge impact on the growth of the overall market in the forthcoming years.