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The global ultra-high molecular weight polyethylene market size is estimated to showcase eminent growth owing to the increasing demand from the aerospace and defense industry, observes Fortune Business Insights™ in its report, titled, “Ultra-High Molecular Weight Polyethylene Market Size, Share & Covid-19 Impact Analysis, By Form (Sheets & Films, Rods & Tubes, Fibers, Tapes, and Others), By End-Use (Automotive, Aerospace & Defense, Medical, Chemical, Electronics, and Others) and Regional Forecast, 2020-2027.” The market size was USD 1,691.2 million in 2019 and is anticipated to reach USD 3,319.0 million by 2027, exhibiting a CAGR of 10.1% during the forecast period. Highlights of the Report: In order to prepare this report, we have captured data on the revenue of several key players through secondary sources such as company websites, corporate filings, annual reports, and investor presentations. We have conducted extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives in order to track and analyze competitive developments such as partnerships, mergers & acquisitions, new product launches, and research & development activities. Our next step included the bottom-up procedure to arrive at the overall size of the market. Drivers & Restraints- Increasing Demand for Protective Gear from Aerospace and Defense Industry to Drive Growth The increasing demand for protective gear and equipment from the aerospace and defense industry, coupled with the high demand for a durable material to make fuel-efficient vehicles in the automotive industry is anticipated to drive the ultra-high molecular weight polyethylene market growth. In addition, the increasing military spending among nations is predicted to further strengthen the demand for UHMWPE. For instance, as per an article published on the World Economic Forum, in 2017, the military expenditure worldwide was estimated to reach USD 1739 billion. However, the high cost associated with the product is projected to hinder the growth of UHMWPE. Regional Insights- Increasing Demand for Electric Vehicles in U.S. to Help North Browse Summary: https://www.fortunebusinessinsights.com/ultra-high-molecular-weight-polyethylene-uhmwpe-market-102953

Battery Materials Market Size, Share And Major Industry Players Forecast (2020-2026) The global battery materials market size is expected to reach USD 60.61 billion by 2027 while exhibiting a CAGR of 5.9% between 2020 and 2027. This is attributable to the increasing demand for electric vehicles and the favorable government regulations that promote the adoption of green energy sources that will favor the adoption of advanced battery materials across the globe. This information is published by Fortune Business Insights, in its latest report. The report further mentions that the market stood at USD 47.75 billion in 2019 and is projected to gain momentum in the forthcoming years. Disruption in Procurement of Raw Materials amid COVID-19 to Limit Growth Prospects The global pandemic, COVID-19, has led to significant disruption in supply chain across the globe. This has completely paralyzed the growth prospects of several industries. The difficulty in procurement of raw materials amid the novel coronavirus has led to major delays in production and manufacturing activities across the automotive, logistics, and electronics sector. This is likely to hinder the growth of the market to some extent. However, once the condition improves the market will showcase considerable growth in the forthcoming years. Battery materials consist of several metals such as lithium, graphene, nickel, lead, coppers, manganese, and aluminum, among others. Additionally, it involves two types mainly cathode materials and anode materials. The cathode materials include lithium iron phosphate, lithium cobalt oxide, lithium manganese oxide, and lithium nickel cobalt aluminum oxide. The anode materials are generally graphite. DRIVING FACTORS Increasing Demand for Electric Vehicles to Promote Growth The stringent government regulations to limit the emission norms are propelling the demand for advanced electric vehicles. The EVs consists of battery materials such as Li-ion batteries that are stable and can be recharged several hundred times. Additionally, they posses high energy density, along with excellent voltage capacity, compared to other rechargeable batteries. Therefore, the increasing focus on developing energy-efficient automotive by the manufacturers is expected to contribute to the growth of the global battery materials market in the forthcoming years. SEGMENTATION Lead Acid Segment Held 35.10% Market Share in 2019 The lead acid segment, based on battery type, held a market share of about 35.10% in 2019 and is expected to gain momentum owing to the increasing demand for passenger vehicles that is likely to surge the adoption of advanced battery materials in countries such as India and China. Source:https://www.fortunebusinessinsights.com/industry-reports/battery-material-market-101074

Ultra-High Molecular Weight Polyethylene Market Size, Share, Industry Analysis, Global Trends, Revenue Analysis and Regional Forecasts, 2021-2027 The global ultra-high molecular weight polyethylene market size is estimated to showcase eminent growth owing to the increasing demand from the aerospace and defense industry, observes Fortune Business Insights™ in its report, titled, “Ultra-High Molecular Weight Polyethylene Market Size, Share & Covid-19 Impact Analysis, By Form (Sheets & Films, Rods & Tubes, Fibers, Tapes, and Others), By End-Use (Automotive, Aerospace & Defense, Medical, Chemical, Electronics, and Others) and Regional Forecast, 2020-2027.” The market size was USD 1,691.2 million in 2019 and is anticipated to reach USD 3,319.0 million by 2027, exhibiting a CAGR of 10.1% during the forecast period. Highlights of the Report: In order to prepare this report, we have captured data on the revenue of several key players through secondary sources such as company websites, corporate filings, annual reports, and investor presentations. We have conducted extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives in order to track and analyze competitive developments such as partnerships, mergers & acquisitions, new product launches, and research & development activities. Our next step included the bottom-up procedure to arrive at the overall size of the market. Drivers & Restraints- Increasing Demand for Protective Gear from Aerospace and Defense Industry to Drive Growth The increasing demand for protective gear and equipment from the aerospace and defense industry, coupled with the high demand for a durable material to make fuel-efficient vehicles in the automotive industry is anticipated to drive the ultra-high molecular weight polyethylene market growth. In addition, the increasing military spending among nations is predicted to further strengthen the demand for UHMWPE. For instance, as per an article published on the World Economic Forum, in 2017, the military expenditure worldwide was estimated to reach USD 1739 billion. However, the high cost associated with the product is projected to hinder the growth of UHMWPE. Regional Insights- Increasing Demand for Electric Vehicles in U.S. to Help North America Dominate North America is projected to dominate the global ultra-high molecular weight polyethylene market share with a value of USD 646.6 million in 2019. The increasing demand for electric vehicles in the U.S. is projected to drive the growth of ultra-high molecular weight polyethylene in the region. For instance, according to the U.S. International Trade Commission, there has been a 67% increase in EV sales between 2017 and 2019. Browse Summary: https://www.fortunebusinessinsights.com/ultra-high-molecular-weight-polyethylene-uhmwpe-market-102953

#LithiumIonBatteryRecyclingMarket Lithium-Ion Battery Recycling Market is projected to grow at a robust CAGR till 2028 The factors driving growth of the market includes rising popularity of electric vehicles, reduction in the prices of lithium-ion batteries, growing concerns regarding the environmental pollution and biological hazards, growing demand for UPS systems in commercial infrastructure. More Info, Click to Access Complete Report – http://jobhop.co.uk/blog/17095/lithium-ion-battery-recycling-market-is-projected-to-grow-at-a-higher-cagr-till-2028

Dual Carbon Battery Market size, share & Growth #Electronic #semiconductor #carbon #battery #business The factors driving growth of the Dual Carbon Battery Market includes growing demand for electric vehicles around the world, developments in electronic manufacturing, Government funding on energy storage projects For more info: https://gmiresearch3214.bcz.com/2023/07/11/dual-carbon-battery-market-size-share-growth/

Industrial Hose Market size, share & Forecast #business #industrial #automation The factors driving growth of the Industrial Hose Market includes rise in the number of infrastructure related projects around the world, growing demand for hoses for material handling in the construction industry, increase in the production of electric vehicles, and improvements in the living standards. For more info: https://gmireesearch.blogspot.com/2023/07/industrial-hose-market-size-share.html

The global neodymium market size was valued at USD 6.76 billion in 2022. The market is poised to expand from USD 5.52 billion in 2023 to USD 7.91 billion by 2030, exhibiting a CAGR of 5.3% over the study period. The expansion is being propelled by the increasing demand for neodymium ferrous boron (NdFeB) magnets from the electronics and automotive industries. Information Source - https://www.fortunebusinessinsights.com/neodymium-market-107678 Segmentation: Magnets Segment to Lead Driven by Soaring Demand from Electronics Sector By application, the market is fragmented into ceramics & glass, catalysts, magnets, and others. The magnets segment is slated to depict a considerable surge over the forecast period. The expansion is driven by the increasing demand for electronics such as computers, television, motors, mobile phones, and generators. Based on geography, the market for neodymium has been analyzed across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Report Coverage: The report gives comprehensive coverage of the vital trends boosting the global business scenario over the forthcoming years. It further provides an analysis of the major factors impelling industry expansion over the estimated period. The report also includes an account of the key initiatives undertaken by leading market participants for strengthening their industry positions. Drivers and Restraints: Soaring NdFeB Demand across Electronics, Automotive, and Other Sectors to Propel Industry Expansion The neodymium market growth is being propelled by the rising demand for NdFeB magnets from end-use industries such as electronics and automotive. These magnets are further preferred in a range of applications such as wind turbines, advanced audio-visual equipment, and electric vehicles. However, the market expansion may be affected by fluctuations in product prices along with a range of factors such as expensive mining activities, supply chain disruptions, and government regulations. Regional Insights: Asia Pacific to Emerge as a Leading Region Owing to Growing EV Manufacturing The Asia Pacific neodymium market share is touted to expand at a lucrative rate over the projected period. The rise is on account of the surging manufacturing of electronic products and electric vehicles. The North American market is poised to register appreciable expansion over the forecast period. The surge is due to the escalating demand for wind turbines in the region. The Europe market is slated to record considerable growth throughout the study period. The expansion is driven by the rising wind turbine demand for reduction of costs, improvement of reliability, and decreasing the need for expensive maintenance. Competitive Landscape: Key Companies Enter into Partnership Deals to Strengthen Industry Foothold Major market participants are formulating and forging a range of strategic steps for strengthening the positions of their businesses. These comprise merger agreements, collaborations, partnership agreements, and the formation of alliances. Other initiatives include an increase in R&D activities and the rollout of new solutions. Key Industry Development: July 2022 – GE Renewable Energy inked a non-binding MoU with Arafura Resources Limited. The deal was focused on joint cooperation in establishing a sustainable supply chain for NdPr central to the energy transition. List of Key Players Mentioned in the Report: Arafura Resources Limited (Australia) Lynas Rare Earths Ltd (Australia) HEFA Rare Earth Canada Co. Ltd. (Canada) MP MATERIALS CORP. (U.S.) Peak Rare Earths (Australia) Rainbow Rare Earths Limited (U.K.) Texas Mineral Resources Corp. (U.S.) IREL (India) Limited (India) Australian Strategic Materials Ltd. (Australia) METALL RARE EARTH LIMITED (China)

Power Device Analyzer Market #electronic #semiconductor #business #power #device #gadget The factors driving growth of the Power Device Analyzer Market includes growing demand for electric vehicles around the world, rising focus on using renewable sources of energy For more info: https://dailygram.com/blog/1225647/power-device-analyzer-market-size-share-forecast/

Electric Traction Motor Market Research Report Analysis Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive. For more info: https://dailygram.com/blog/1108570/electric-traction-motor-market-research-report-analysis/