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Consumer trends continue to dictate the course of the food & beverage industry. Consumers are increasingly embracing new food trends and preferences that have stayed in the niche category for a considerable amount of time. However, climate change, mounting concerns related to animal cruelty, and health are some of the leading factors that are driving the vegan movement worldwide.
Rapid growth in the building & construction industry is anticipated to boost the global welding products market. Welding products are widely used in construction of bridges, pipelines, and buildings. Demand for welded steel is high, especially in the residential segment. This is propelling the welding products market.
The global biomass boiler market is expected to reach US$8.90 billion, expanding at a CAGR of 19.9% from 2014 to 2022 (forecast period). Biomass boilers are used to burn chips, logs, or wood pellets to produce heat for heating water or power heating. They are well-known for emitting less carbon dioxide.
Microalgae products hold promising potentials to combat the morbidity and mortality associated with the novel coronavirus. Antiviral compounds in cyanobacterial lectins, including agglutinin OAA and cyanovirin-N (CV-N) are bring publicized for inhibiting a range of viruses. Such findings have brought companies in the Europe microalgae products market under great scrutiny. Stakeholders are increasing their R&D capabilities in pharmaceutical products that help increase immunity levels of individuals.
Manufacturers are concentrating on broadening their product portfolio to tap value-grab opportunities in applications, including metal protection, plastic tooling, and lightweight composites for the automotive industry. They are investing in R&D to develop highly versatile epoxy resins that are a useful group of chemicals employed in various industrial applications.
Transparent ceramics are extremely durable crystalline advanced industrial materials with excellent optical transparency in ultraviolet, visible, and infrared radiations up to approximately 5-meter wavelength. These ceramics are crystal-like and glassy.
The Global aftermarket fuel additives market is expected to be fuelled by the regulations limiting vehicular emission. Increased vehicular traffic and rising emission has led the government to take this regulatory step, driving the market to push towards substantial growth during the forecast period. This can act as a boon for the environment in the automotive and fuel market. The global aftermarket fuel additives market is gearing up to witness the growth rate at CAGR of 7.2% during the forecast period 2018 to 2026.
The market for epoxy resin, which essentially are a class of reactive polymers and prepolymers that contain epoxide groups, has been flourishing on the back of the prosperity of its diverse end use industries, such as paints and coatings, aerospace, building and construction, and sealants and adhesive. Flexible epoxy resin, on the other hand, is a particular segment that is customized in two-part epoxy resin system and is flexible once cured.
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