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Around 700 exhibitors and 30,000 visitors expected this year after pandemic forced events to take a six-year break #transportlogisticChina #aircargoChina #aircargo #TheShanghaiNewInternationalExpoCentre #SilkWayWestAirlines

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Solvents Marketand its Types and Application The global solvents market size is projected to reach USD 67,837.8 million by 2028, exhibiting a CAGR of 6.0% during the forecast period. Fortune Business Insights in its report, titled “Solvents Market, 2021-2028”, states that the value of this market stood at USD 43,845.7 million in 2020. With the paints & coatings industry reeling from the effects of the economic fallout caused by the COVID-19 pandemic, the solvents market growth is facing a notable decline. The primary reasons for this market’s truncated growth in 2020 include the massive shortage of factory workers, closure of manufacturing facilities, and shrinking availability of raw materials. In 2020, the market’s growth rate fell by 2.96% and it is predicted to reach USD 45,058.8 million in 2021. AGC Chemicals Develops Eco-friendly Solutions for Cleaning Medical Devices In March 2020, AGC Chemicals Americas announced the development and launch of AsahiKlin™ AE-3000 and AMOLEA™ AT2, the company’s newest fluorinated solvents. The novel offerings have been formulated to enable manufacturers to adhere to the stringent environmental regulations for the precision cleaning of medical devices. With traditional solvents such as n-propyl bromide and trichloroethylene being investigated by the US Environmental Agency for potential risks, AGC’s new formulations can function as the perfect alternative solutions for the manufacturing of chemicals for various end-use applications. Moreover, the solutions have no ozone depletion properties, low surface tension, and low global warming potential, making them ideal for cleaning a wide range of critical medical devices. Increasing Demand for Paints & Coatings to Propel the Market Paints and coatings are critical components in construction and building operations. With construction and infrastructure development activities gathering rapid momentum around the globe, the application areas of paints and coatings are speedily widening. For example, a study by Oxford Economics forecasts that the output value of construction activities will surge by 85% through 2030, reaching USD 15.5 trillion. This growth will be led by the intensifying demand for buildings & constructions in China, India, and the U.S. Solvents are highly useful in preventing the formation of clumps and globs in paints, while their cost-effectiveness, durability, and temperature resistance make them suitable in the formulation of coatings. Thus, the incredible growth of the construction industry will spawn spectacular opportunities for specialty chemicals in the forthcoming decade. Industrial Cleaning Segment to Showcase Promising Progress On the basis of application, the market has been divided into paints & coatings, printing inks, industrial cleaning, adhesives, and others. Among these, the industrial cleaning segment is expected to display excellent growth prospects as solvents are extensively deployed in industrial settings to remove dirt, dust, and oil remnants that gather on surfaces and crevices of machines, equipment, and the shop floor. In 2020, this segment held a share of 14.0% in the global market and a share of 13.6% in the China market. Based on product type, the market is categorized into alcohols, ketones, esters, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Information Source: https://www.fortunebusinessinsights.com/industrial-solvents-market-102135

Bioplastics Market Size, Share And Major Industry Players Forecast (2020-2028) The global bioplastics market size is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years. Postponement of Green Investment by Government amid COVID-19 to Hamper Growth According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market. What does the Report Include? The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period. DRIVING FACTORS Increasing Demand for Eco-Friendly Plastics to Aid Growth According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940