#Africa Bearings Market Forecast

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Global Bearings Market is forecasted to grow further into US$ 120 billion Opportunity by 2028: Ken Research

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What is the Size of Global BEARING INDUSTRY?

Global Bearing market is growing at a CAGR of ~% in 2017-2022P and is expected to reach ~USD Bn by 2028F.

The Bearing Market is largely driven by continuous upgradation in the product from multiple players, and growing usage of bearings.

New product launches by players and collaboration among the industry is one of the driving factors of the Global Bearing Market. For instance, In June 2022, The Timken Company announced that it is designing and supplying main shaft bearings for GE Renewable Energy Haliade-X, the world’s most powerful offshore wind turbine. Furthermore, In December 2020, The Timken Company acquired the assets of Aurora Bearing Company.

Aurora manufactures rod ends and spherical plain bearings, which serve a diverse range of defense sector.

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Counterfeit products are posing one of the major challenges for the Bearings Market. Leading companies in bearings product manufacturing are more open to this threat. Manufacturing fake products lead to machine damage and injuries. For instance, In October 2019, JTEKT cooperated with World Bearing Association (WBA) and its efforts against counterfeiting globally by developing a new WBA Check App (WBA Bearing Authenticator) to protect its customers and dealers from property damage risk, injuries, and other events.

GLOBAL BEARING MARKET BY PRODUCT TYPE

The Global Bearing market is segmented by Product type into Plain Bearing, Ball Bearing, Roller Bearing and Others.

Rolling bearing segment held the largest market share of the Global Bearings Market in 2022P. Rolling bearings are used in multiple industries such as automotive, capital equipment, aerospace, home appliances, and others

Roller bearing is a type of rolling-element bearing that used a cylinder instead of a ball. Roller bearings are used in all main shaft and auxiliary drive shaft applications to support the pure radical load.

In July 2021, NTN Bearing Corporation announced the latest innovation, the KIZEI spherical roller bearing. Spherical roller bearings are manufactured with metallic shields that protect the bearing from solid contamination such as dust, pebbles, and other debris.

GLOBAL BEARING MARKET BY APPLICATION TYPE

The Global Bearing Market is segmented by Application into Automotive, Application Transmission, Aerospace & Defense, Construction and Others.

The automotive segment accounted for the largest market share in 2022P, owing to the surging automobile production worldwide.

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The increasing demand for vehicles is leading the automotive segment and is forecasted to be the fastest-growing segment in the forecast period.

In September 2022, SKF and NIO, a leading premium smart electric vehicle manufacturer, have strengthen the strategic corporation. As part of the agreement, SKF will be the preferred supplier of ceramic ball bearings.

GLOBAL BEARING MARKET BY GEOGRAPHY

The Global Bearing market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share within the Global Bearings Market in 2022P, owing to surging machinery and motor vehicle production.

The increasing demand for aftermarket products for industrial equipment and motor vehicle repair. The surging construction and mining industry requires efficient industrial tools to operate, which further propels the growth of this region. Presence of leading companies manufacturing bearings products, like JTEKT Corporation, NSK Ltd., NTN Corporation, HKT Bearings Ltd., and others, are expected to further boost the expansion of this market.

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Global Bearings Market

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 Polytetrafluoroethylene Market - Industry Trends and Forecast to 2029 Future Scope, Challenges, Growth Drivers, Leaders, Graph

"Polytetrafluoroethylene Market Size And Forecast by 2029

According to Data Bridge Market Research Data Bridge Market Research analyses that the polytetrafluoroethylene market will witness a CAGR of 5.65% for the forecast period of 2022-2029.

Our comprehensive Polytetrafluoroethylene Market report is ready with the latest trends, growth opportunities, and strategic analysis. https://www.databridgemarketresearch.com/reports/global-polytetrafluoroethylene-market

**Segments**

- By Form: Granular, Fine Powder, Aqueous Dispersion - By Application: Coating, Film, Mechanical Component, Others - By End-Use Industry: Chemical Processing, Automotive, Electrical & Electronics, Others - By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

The global Polytetrafluoroethylene (PTFE) market is segmented by form, application, end-use industry, and region. In terms of form, the market is categorized into granular, fine powder, and aqueous dispersion. The granular PTFE segment is expected to witness significant growth due to its wide application in various industries. When it comes to application, PTFE is used in coating, film, mechanical components, and others. The coating segment is anticipated to dominate the market owing to the increasing demand for non-stick coatings in cookware and industrial applications. In the end-use industry segment, PTFE finds applications in chemical processing, automotive, electrical & electronics, and others. The chemical processing industry is projected to hold a substantial share in the market due to the chemical inertness and non-adhesive properties of PTFE. Geographically, the market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to be a key market for PTFE due to the presence of major manufacturing industries in countries like China and India.

**Market Players**

- The Chemours Company - 3M - Saint-Gobain - Daikin Industries, Ltd. - Solvay - Gujarat Fluorochemicals Ltd. - HaloPolymer - AGC Chemicals Americas, Inc. - Juhua Group Corporation

Prominent market players in the Polytetrafluoroethylene (PTFE) industry include The Chemours Company, 3M, Saint-Gobain, Daikin Industries, Ltd., Solvay, Gujarat Fluorochemicals Ltd., HaloPolymer, AGC Chemicals Americas, Inc., and Juhua Group Corporation, among others. These companies are focusing on research and development activities to launch innovative products and expand their market presence. Partnerships, collaborations, and acquisitions are some of the strategies adopted by these players to strengthen their position in the global PTFE market.

https://www.databridgemarketresearch.com/reports/global-polytetrafluoroethylene-market Polytetrafluoroethylene (PTFE) is a versatile material with a wide range of applications across various industries. One of the key trends shaping the PTFE market is the increasing demand for non-stick coatings in both consumer and industrial sectors. The ability of PTFE to provide excellent non-stick properties, chemical resistance, and high-temperature stability makes it a preferred choice for coating applications. The growth in the automotive industry, particularly in developing regions like Asia Pacific, is also driving the demand for PTFE in mechanical components such as bearings, seals, and gaskets. Furthermore, the chemical processing industry is a significant end-user of PTFE due to its exceptional chemical inertness, making it ideal for applications where corrosion resistance is crucial.

In terms of market dynamics, factors such as technological advancements in PTFE production, increasing research and development activities, and the adoption of sustainable practices are expected to shape the market landscape in the coming years. Market players are investing in developing PTFE formulations that are more environmentally friendly and offer improved performance characteristics. Additionally, the rising emphasis on enhancing product quality and expanding distribution networks will play a crucial role in driving market growth.

The competitive landscape of the global PTFE market is characterized by intense competition among key players to gain a competitive edge. Strategies such as product innovations, strategic partnerships, and acquisitions are prevalent in the market as companies aim to broaden their product portfolios and strengthen their market presence. The focus on developing PTFE materials that meet the evolving needs of end-use industries such as automotive, electronics, and chemical processing will be a key driver of innovation and growth in the market.

In terms of regional analysis, Asia Pacific is expected to witness significant growth in the PTFE market due to the rapid industrialization and increasing investments in manufacturing activities. Countries like China and India are at the forefront of the market expansion in the region, driven by the presence of major manufacturing hubs and a growing consumer base. North America and Europe are also poised to display steady growth in the PTFE market, fueled by the presence of established players and ongoing technological advancements in the region.

Overall, the global PTFE market is poised for substantial growth in the coming years, driven by factors such as the increasing demand for non-stick coatings, growth in end-use industries, and ongoing innovation in PTFE formulations. As market players continue to focus on research and development initiatives and strategic partnerships, the market is likely to witness a wave of new opportunities and advancements that will shape its future trajectory.**Segments**

Global Polytetrafluoroethylene Market, By Type (Virgin Polytetrafluoroethylene, Stainless Steel Filled Polytetrafluoroethylene, Carbon Filled Polytetrafluoroethylene, Bronze Filled Polytetrafluoroethylene, Glass Filled Polytetrafluoroethylene, and Others), Form (Granular, Fine Powder, Dispersion, and Micronized), Application (Sheet, Coating, Pipes, and Films), End-Use (Chemical and Industrial Processing, Electronics and Electrical, Automotive and Aerospace, Consumer Goods, and Building and Construction), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.

- **Market Players**

- The Chemours Company - Dongyue Group - DAIKIN INDUSTRIES, Ltd. - Gujarat Fluorochemicals Limited - 3M - AGC Inc. - Halopolymer - Shanghai Huayi 3F New Materials Co., Ltd. - Solvay - Zhejiang Juhua Hanzheng New Materials Co., Ltd - Shamrock Technologies - Jiangsu Meilan Chemical Co. Ltd. - DuPont - Mitsui Chemicals, Inc. - Chenguang R.I.C.I - Micro Powders, Inc. - Hubei Everflon Polymer CO., Ltd. - Zeus Industrial Products, Inc. - Arkema - Evonik Industries AG - Saint-Gobain Group

Polytetrafluoroethylene (PTFE) is a key material in various industries due to its versatile properties. The market segmentation based on type, form, application, end-use, and region provides a comprehensive overview of the market landscape. The different types of PTFE, including Virgin PTFE and various filled variants, cater to a wide range of applications. The form segmentation reflects the diverse manufacturing requirements, with granular and fine powder forms being prominent. Applications of PTFE vary from sheets to coatings, indicating the material's versatility. End-use industries such as chemical processing, electronics, automotive, aerospace, consumer goods, and construction showcase the widespread adoption of PTFE in critical sectors.

In the global PTFE market, the competition among key players like The Chemours Company, 3M, and Saint-Gobain underscores the strategic focus on innovation and market expansion. These companies are actively involved in research and development initiatives to introduce advanced products that cater to evolving industry requirements. Collaborations, acquisitions, and partnerships are key strategies employed by market players to enhance their product offerings and geographic reach. The entry of new players and the emergence of innovative formulations are expected to intensify market competition, driving further advancements in PTFE technologies.

The market trends in the PTFE industry highlight the increasing demand for non-stick coatings and the growth opportunities in sectors like automotive, electronics, and chemical processing. Technological advancements in production processes and a shift towards sustainable practices are key drivers influencing market dynamics. The emphasis on product quality and distribution network expansion is crucial for sustaining market growth. Regional analysis underscores the significant growth potential in Asia Pacific, driven by industrial growth in countries like China and India. North America and Europe are poised for steady progress, buoyed by ongoing innovations and established market players.

Overall, the global PTFE market is poised for substantial expansion, fueled by the surging demand for versatile materials in key industries. Market players' relentless focus on innovation and strategic collaborations will shape the future trajectory of the PTFE market, paving the way for enhanced product offerings and market penetration. As the industry evolves to meet dynamic consumer needs and sustainability requirements, the PTFE market is set to witness a phase of robust growth and transformative advancements.

The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in Polytetrafluoroethylene Market :   https://www.databridgemarketresearch.com/reports/global-polytetrafluoroethylene-market/companies

Key Questions Answered by the Global Polytetrafluoroethylene Market Report:

What is the current state of the Polytetrafluoroethylene Market, and how has it evolved?

What are the key drivers behind the growth of the Polytetrafluoroethylene Market?

What challenges and barriers do businesses in the Polytetrafluoroethylene Market face?

How are technological innovations impacting the Polytetrafluoroethylene Market?

What emerging trends and opportunities should businesses be aware of in the Polytetrafluoroethylene Market?

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[foodlovers01]

Fertigation Market Analysis 2025-2034: Size, Share, and Growth Potential

The Fertigation Market was valued at USD 8.21 billion in 2024 and is expected to witness significant growth over the next decade. The industry is projected to expand from USD 8.88 billion in 2025 to USD 17.90 billion by 2034, reflecting a compound annual growth rate (CAGR) of 8.1% during the forecast period (2025-2034). This growth is driven by factors such as reduced labor costs associated with high crop productivity and the increasing adoption of modern agricultural techniques.

Key Market Drivers

Reduced Labor Costs: Automation and precision in fertigation systems decrease the need for manual labor, cutting costs and increasing efficiency.

High Crop Productivity: Fertigation ensures optimal nutrient delivery, leading to enhanced crop yields.

Adoption of Modern Farming Techniques: The shift towards sustainable and precision agriculture boosts the demand for fertigation systems.

Key Market Dynamics

Technological Advancements: Innovations in fertigation equipment and smart irrigation technologies are propelling market growth.

Environmental Concerns: The need for efficient water usage and nutrient management aligns with environmental sustainability goals, driving market adoption.

Regulatory Support: Government policies promoting efficient agricultural practices further encourage the use of fertigation.

Key Market Opportunities

Expansion in Developing Regions: Growing awareness and the need for efficient farming in developing countries present vast opportunities.

Integration with IoT and Smart Farming: The fusion of fertigation systems with IoT technologies offers new growth avenues.

Growing Demand for Organic Farming: As organic farming gains traction, fertigation systems tailored to organic nutrient solutions are in high demand.

Market Segmentation

By Fertilizer Type:

Nitrogen Fertilizers: Widely used for enhancing plant growth.

Phosphorus Fertilizers: Essential for root development.

Potassium Fertilizers: Important for overall plant health.

By Crop Type:

Horticulture Crops: Fruits, vegetables, and ornamental plants benefit significantly from fertigation.

Field Crops: Includes cereals and grains like wheat and corn.

Plantation Crops: Such as tea, coffee, and rubber.

By Application:

Agricultural Fields: Broad application in large-scale farming.

Greenhouses: Controlled environment agriculture benefits from precise fertigation.

Orchards: Targeted nutrient delivery for fruit-bearing trees.

Segment Insights

Horticulture Crops Segment: Expected to dominate due to the increasing demand for high-value crops.

Greenhouse Application Segment: Witnessing rapid growth due to the need for controlled environment farming.

Nitrogen Fertilizers Segment: Leading the market, driven by their widespread use in various crop types.

Key Players in the Fertigation Market

The Toro Company

Netafim Ltd.

Jain Irrigation Systems Ltd.

Valmont Industries, Inc.

Rivulis Irrigation Ltd.

T-L Irrigation Co.

Lindsay Corporation

Hunter Industries, Inc.

Mahindra EPC Irrigation Limited

Rain Bird Corporation

Regions Covered

North America: Leading in technological advancements and early adoption of modern farming techniques.

Europe: Driven by stringent environmental regulations and sustainable farming practices.

Asia-Pacific: Expected to witness the highest growth due to expanding agricultural activities and government support.

Latin America and Middle East & Africa: Growing adoption of efficient farming techniques to enhance productivity in arid regions.

Conclusion

The fertigation market is poised for robust growth, driven by technological advancements, environmental concerns, and the rising need for efficient agricultural practices. With vast opportunities in developing regions and the integration of smart technologies, the market is set to revolutionize modern farming practices globally.

Discover more Research Reports on Food and Beverages Industry, by Market Research Future:

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

[industryforecastnews]

Kids Furniture Market Size To Reach USD 184.52 Billion By 2030

Kids Furniture Market Growth & Trends

The global kids furniture market size is expected to reach USD 184.52 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 18.9% from 2022 to 2030. With the exponential growth of the residential sector in countries and increased demand for vertical apartments and luxury housing facilities, buyers are taking a keen interest in decorating their homes, kids’ rooms, living rooms, and bathrooms with modern and space-saving furniture. Moreover, the increase in the number of daycare and crèche facilities in both schools as well as office compounds has resulted in an increased demand for kids’ furniture in these facilities.

Moreover, consumers prefer to purchase kids furniture through online portals and official websites in order to receive value-added services such as cash on delivery, return policy, and aftersales service. Discounted prices, festive season sales, and the availability of a wide range of products on e-commerce websites are expected to drive sales via online platforms.

Additionally, the majority of manufacturers are increasingly focusing on creating environmentally friendly kids furniture. Several consumers prefer products that improve the outer appearance and match the architectural patterns and layout of living spaces and backyards of houses. As a result, manufacturers are increasingly concentrating on providing innovative, luxurious, and aesthetic kids furniture.

Furthermore, the growth of the market is supported by the governments as they are taking initiatives to bridge the gap between housing demand and supply. For instance, in July 2017, the government of Algeria took the initiative to construct 26,000 housing units by 2019. This initiative will contribute to the residential segment growth. Such initiatives are likely to favor the market growth.

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Kids Furniture Market Report Highlights

The beds, cots, and cribs product segment accounted for the largest revenue share of over 30.0% in 2021. The growth is attributed to its ease and convenient use for disinfecting and cleaning surfaces

The wood material segment accounted for the largest revenue share of over 55.0% in 2021. Wood is much stronger in load bearing for both chairs and tables, owing to which wood can support a heavier load without breaking down

The household application segment accounted for the largest revenue share of over 65.0% in 2021. The commercial application segment is expected to register the fastest CAGR of 21.4% from 2022 to 2030.

The Middle East and Africa is expected to register the fastest CAGR of 22.8% during the forecast period. The growing per capita income in developing countries across the region will augment the product demand

Kids Furniture Market Segmentation

Grand View Research has segmented the global kids furniture market on the basis of product, material, application, and region:

Kids Furniture Product Outlook (Revenue, USD Billion, 2017 - 2030)

Beds, Cots, & Cribs

Table & Chair

Cabinets, dressers, & Chests

Mattresses

Other

Kids Furniture Material Outlook (Revenue, USD Billion, 2017 - 2030)

Wood

Polymer

Metal

Kids Furniture Application Outlook (Revenue, USD Billion, 2017 - 2030)

Commercial

Residential

Kids Furniture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

List of Key Players of Kids Furniture Market

Williams Sonoma Inc.

Billion Dollar Baby Co.

Wayfair Inc.

Blu Dot

First Cry

KidKraft;

Sorelle Furniture

Circu Magical Furniture

Crate and Barrel

Casa Kids

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/kids-furniture-market

[anandsagarnatta]

Industrial Gear Oils Market

Industrial Gear Oils Market Overview:

Industrial Gear Oils Market Size is forecast to reach $ 5820.0 Million by 2030, at a CAGR of 3.80% during forecast period 2024–2030.

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According to an IndustryArc report, the Industrial Gear Oils Market in 2030 was valued at $5820.0 million and is expected to grow rapidly considering the large industrialization and manufacturing activities especially in the BRICS (Brazil, Russia, India, China and South Africa) region. Industrial Gear oils are used across various industries namely the mining, construction, energy, oil and gas, chemicals, food and beverage industries as they involve heavy machinery and drive systems which need to be heavily lubricated, well oiled, under heavy pressures and high temperatures. This market is segmented based on its applications, end user industry and gearbox configuration. One application which is witnessing a large demand for Industrial Gear Oils is the renewable energy industry in the construction of wind turbines.

Industrial Gear Oils Market Outlook:

Industrial Gear oils are made of 2 major ingredients — the base oil and additives — that aim to suppress undesirable properties and enhance desirable ones so as to ease the functioning of automatic transmission. Wind energy, one of the popular renewable energy source has become a favorite worldwide, particularly in the European Union. The efficiency of the wind-turbines clearly depends on the reliability of the gear boxes that are an integral part of these machines. In addition, worm gear drives in industrial applications such as lifts, elevators, conveyor belts and torsen differentials are also witnessing a large demand. Thus, for the effective, reliable and long term running of these gear based machines, gear oils help to fulfill these requirements.

Industrial Gear Oils Market Growth drivers:

As the wind energy is rapidly evolving and a high growth industry, this large growth rate would directly boost the demand for high performance, excellent corrosion and oxidation resistance, enhanced bearing and long life operational performance industrial gear oil. Furthermore, as the developing countries in the APAC region such as India and China invest and build large manufacturing facilities and transportation technologies due to heavy urbanization and population growth, the reliable operation of machines in these sectors would be vital, which are impacted by gear oil performance. In addition, many responsible customers who are environment friendly and prefer sustainable alternatives to synthetic oil gears, would increasingly demand for bio-based alternatives.

Industrial Gear Oils Market Challenges:

The prime challenge faced by the Industrial Gear Oils market is the unstable crude oil market wherein the latter could directly impact the former, as crude oil is the prime raw material needed to manufacture gear oils for industries. Crude oil is the most volatile product in the world, and thus selling price of certain industrial gear oils would be dictated by the fluctuating prices of oil. Moreover, as concerns for environmental impact of industrial gear oils are rising among many industrial customers, key players would be forced to develop and market bio-based lubricants that are derived from vegetable oils that deliver an equivalent performance when compared to synthetic or mineral based gear oils.

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Industrial Gear Oils Market Research Scope:

The base year of the study is 2023, with forecast done up to 2030. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Industrial Gear Oils market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the Industrial Gear Oils market, and their specific applications in different types of vehicles.

Industrial Gear Oils Market Report: Industry Coverage

Industrial Gear Oils– By Gear Configuration: Worm Gears, Spur Gears, Helical Gears, Bevel Gears, Light Duty Gears and Others

Industrial Gear Oils– By Application: Wind Turbine Gearboxes, Shock loads, Mining Machinery, Extreme loads, Worm drives and others

Industrial Gear Oils– By Make-up: Synthetic, Mineral oil, Additives, Bio-based and others

Industrial Gear Oils– By End-User: Agriculture, Chemicals, Oil and gas, Mining, Energy and Power, Construction, Food and Beverage, Transportation and Fleet, Paper and Pulp and Others

The Industrial Gear Oils market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

Industrial Gear Oils Market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: Addinol Lube Oil GmbH, Advanced Lubrication Specialitis Inc., Amalie Oil Co., BP P.L.C., Bechem Lubrication Technology LLC, Chevron Corporation, Croda International PLC, ExxonMobil Corporation and others.

Market Research and Market Trends of Industrial Gear Oils Market

Researchers at the Nanotechnology & Catalysis Research Centre (NANOCAT), University of Malaya, Malaysia developed a potential antioxidant for Industrial Gear Oils. Esters of Thiolated Butylated Hydroxytoluene (BHT) derived from vegetable oils were discovered to have profound antioxidant properties, a vital property in industrial gear oils that prevent oxidation, rust and As the gear oils used in heavy duty industries are exposed to high temperatures and heavy pressures, the thermal stability, antioxidant behavior, structural integrity and performance are a cause of concern for many industrial customers. End user industries are aiming for gear oils with longer life cycles and which fulfill the above criteria. Bio-based lubricants available in the market have yet to compete on par with synthetic based gear oils and thus discoveries like this can push the green industrial gear oils to become a viable replacement to environmentally damaging synthetic and mineral based lubricants.

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Researchers are actively seeking improvised nanomaterials for functioning as a lubricant additive due to their compact size and large surface area. A novel attempt to create an oil soluble Ni-promoted Molybdenum disulfide (MoS2) nanostructure has been successful by the Centre for NanoScience and Technology based in India. As industries aim to deliver gearboxes that are expected to operate heavy loads at high speeds and harsh conditions, without undergoing major surface failures and frictional damages. Thus, nanotechnology additive solutions as this can prove to improve the performance of traditionally used industrial gear oils thereby driving growth and increased demand for high performance gear oils.

[surbhijamdade]

Global Polytetrafluoroethylene (PTFE) Market Report: Projected Growth and Key Insights

Global Polytetrafluoroethylene (PTFE) Market Report: Projected Growth and Key Insights

Straits Research is pleased to announce the release of its comprehensive report on the global Polytetrafluoroethylene (PTFE) market. The global polytetrafluoroethylene (PTFE) market was valued at USD 2.54 Billion in 2024. It is expected to reach USD 2.66 Billion in 2025 to USD 3.87 Billion in 2033, growing at a CAGR of 4.8% over the forecast period (2025-2033). 

Industry Overview

Polytetrafluoroethylene (PTFE), commonly known as Teflon, is a synthetic fluoropolymer known for its high resistance to heat and chemical reactions. Its unique properties make it an essential material in various applications, including automotive components, electrical insulation, and non-stick cookware. As industries increasingly seek durable and efficient materials, the demand for PTFE continues to rise.

Key Drivers in the PTFE Market

The growth of the PTFE market is driven by several factors:

Increasing Demand in Automotive and Aerospace Industries: The automotive sector's need for high-performance materials that can withstand extreme conditions is propelling PTFE adoption in gaskets, seals, and bearings.

Growth in Chemical Processing: PTFE’s exceptional chemical resistance makes it indispensable for lining vessels and piping in chemical processing applications.

Healthcare Applications: The healthcare industry’s growing reliance on PTFE for medical devices and equipment is contributing to market expansion.

Consumer Products: The popularity of non-stick cookware continues to drive demand for PTFE coatings.

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Key Developments in the PTFE Market

Recent developments indicate a dynamic shift within the PTFE market:

Technological Innovations: Advancements in manufacturing processes are enhancing the efficiency and safety of PTFE production.

Sustainability Initiatives: Manufacturers are increasingly focusing on developing eco-friendly alternatives to traditional PTFE products.

Rising Competition: The market is witnessing intense competition from manufacturers aiming to capture larger market shares through innovation and cost-effective solutions.

Market Segmentation Analysis

The global PTFE market can be segmented into various categories:

By Form:

Granular

Fine Powder

Dispersion

By Applications:

Sheets

Coatings

Pipes

Films

Others

By End-User Industry:

Automotive and Transportation

Chemical and Industrial Processing

Healthcare

Construction

Cookware

Electrical and Electronics

Others

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Regional Trends

The PTFE market exhibits diverse trends across different regions:

North America:

The United States remains a significant player due to its robust automotive and aerospace industries. The demand for high-performance materials is driving growth in this region.

Asia-Pacific (APAC):

Dominated by countries like China and Japan, this region is experiencing rapid industrialization. China’s extensive use of PTFE in electronics and automotive applications significantly contributes to market growth.

Europe:

Countries such as Germany and France are leading the European market due to increasing requirements for improved materials in industries like chemical processing and electrical engineering.

Latin America, Middle East, and Africa (LAMEA):

This region is gradually adopting PTFE products, driven by infrastructure development and rising industrial activities.

Top Players in the PTFE Market

Straits Research identifies several key players driving innovation within the PTFE market:

AGC Inc.

BEMU Fluorkunststoffe GmbH

Aidmer (JiangXi Aidmer Seal & Packing Co. Ltd)

Daikin Industries Ltd.

Gujarat Fluorochemicals Limited

Dyneon GmbH & Co. KG (3M)

HaloPolymer

Freudenberg FST GmbH

Jiangsu Meilan Chemical Co. Ltd.

These companies are actively investing in research and development to enhance product offerings and meet evolving customer demands.

Conclusion

The global Polytetrafluoroethylene (PTFE) market is poised for steady growth driven by increasing demand across various industries, particularly automotive, healthcare, and consumer products. As stakeholders navigate this evolving landscape, opportunities abound for innovation and collaboration aimed at enhancing the efficiency and sustainability of PTFE applications.For more detailed insights into the Polytetrafluoroethylene (PTFE) Market trends and forecasts, please refer to our full report or contact Straits Research directly.

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Powder Metallurgy Market - Forecast(2024 - 2030)

Powder Metallurgy Market Overview

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COVID-19 Impact

The onset of Covid-19 in the entire nation had a negative impact on the automotive industry. There was an overall revenue impact across the automotive industry. The pandemic also impacted all the stakeholders present in the value chain for the short as well as medium term. Shortage of raw material, shifting of production to other countries, liquidity crunch to delays in availability of models, deferred launches, and shrinkage in consumer demand were some of the main issues faced by the automotive stakeholders, owing to which the production and demand of automobiles had significantly fallen. For instance, according to the China Passenger Car Association (CPCA), China’s passenger car sales in June fell 6.5% year on year to 1.68 million units. The unstable automotive production and demand have significantly impacted the market of powder metallurgy as the demand for powder metal was also uncertain during the period. A prolonged truncation of consumer demand due to the lockdown has significantly affected auto manufacturers’ revenues and cash flows. Even after the restriction is eased in 2021, with discretionary spending taking a backseat, further declines in the market for passenger vehicles are expected.

Powder Metallurgy Market Report Coverage

The report: “Powder Metallurgy Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the powder metallurgy Industry.

By Material: Ferrous (Iron, Steel, and Stainless Steel), Non-Ferrous (Copper, Aluminium, Cobalt, Tin, Nickel, Magnesium, Zinc, Titanium, Molybdenum, and Others By Process: Conventional Process, Metal Injection Moulding, Hot Isostatic Pressing, and Metal Additive Manufacturing By Application: Porous Products, Bearing and Bushes, Filters (Ceramic Filter, Fiber Metal Filter, and Others), Refractory Metal Composites, Electric Motors, Cemented Carbides, Machinery Parts (Gears, Sprockets, Rotors, and Others), Tungsten Wires, Medical Implants, Magnetic Materials, Cutting Tools and Dies, and Others By End-Use Industry: Medical & Healthcare, Automobile (Transmission, Engine Parts, and others), Oil & Gas, Electrical and Electronics (Refrigerators, Vacuum Cleaners, Circuit Breakers, Electric Motors, Sewing Machines, and Others), Industrial (Hydraulics, Motors/Controls, and Others), Aerospace (Aero-engine, Land-based Gas Turbine, Airframes, and Others), Household Appliances, Recreation and Leisure, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

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Key Takeaways

Asia-Pacific dominates the powder metallurgy market, owing to the increasing demand and production of lightweight vehicles in the region. For instance, according to OICA, the production of passenger cars has increased by 2.6 % in Malaysia in 2019.

There are many cases in which powder metallurgy over casting has a strong benefit. The benefits of the powder metallurgy process are particularly apparent when dealing with high-value and high-melting-point materials, owing to which there is increasing adoption of powder metallurgy over die casting, which will propel the market growth.

There are growing interests in producing customized medical implants using additive manufacturing and in producing porous implant structures (to match bone stiffness and to aid osteointegration) by powder metallurgy processing, which may boost the market growth.

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Powder Metallurgy Market Segment Analysis — By Material

The ferrous segment held the largest share in the powder metallurgy market in 2020. Ferrous powdered metals such as iron, steel, and more offer the highest level of mechanical properties. Ferrous metal powders are also known for their extensive characteristics such as durability, hardness, tensile strength, lower costs, broad flexibility, and more. The ferrous powdered metal is largely employed in the automotive industry for designing bearings, gears, or other auto parts, owing to its good strength and flexibility. Furthermore, ferrous metals are also widely utilized in various other end-use industries such as construction, piping, aerospace, electronics, and more. Thus, it is anticipated that these extensive characteristics and wide applications of ferrous powder metallurgy are the major factors driving its demand during the forecast period.

Powder Metallurgy Market Segment Analysis — By Application

The bearings segment held the largest share in the powder metallurgy market in 2020 and is growing at a CAGR of 7.4% during 2021–2026, owing to its self-lubricating property. Bearings that are made from powder metallurgy are known as self bearings of sintered metal. They are economical, suitable for high production rates, and precision tolerances can be produced. The majorities of porous-metal bearings consist of either bronze or iron with pores that are interconnected. These voids take up 10 percent of the total volume to 35 percent. In operation, lubricating oil is deposited in these voids and feeds to the bearing surface through the interconnected pores. Sintered-metal self-lubricating bearings are widely used in home appliances, small motors, machine tools, aircraft, and automotive accessories, business machines, instruments, and farm and construction equipment, owing to which it holds a prominent share in the powder metallurgy application segment.

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Powder Metallurgy Market Segment Analysis — By End-Use Industry

The automotive segment held the largest share in the powder metallurgy market in 2020 and is growing at a CAGR of 8.6% during 2021–2026. Powder metal parts display excellent controlled porosity and self-lubricating properties that allow gases and liquids to be filtered. Powder metallurgy is also a strongly recommended method in the manufacture of components involving complex bends, depressions, and projections. Flexibility in the development of mechanical parts of different compositions, such as metal-non-metal and metal-metal hybrids, allows high dimensional precision in the production of automobile parts and ensures consistent properties and measurements with very little scrap and waste of material. The most popular vehicle parts that are manufactured through the method of powder metallurgy are the bearings and gears. A variety of metals, including ferrous, and non-ferrous are used in automotive components including chassis, steering, exhaust, transmission, shock absorber parts, engine, battery, seats, air cleaners, brake disc, and more. The powder metallurgy is often used in these components as it improves the net shape, utilizes heat treatment, enhances surface treatment, and improves the precision of these components. Thus, the demand for powder metallurgy in the automotive sector is growing due to such factors.

Powder Metallurgy Market Segment Analysis — By Geography

Asia-Pacific region held the largest share in the powder metallurgy market in 2020 up to 45%, owing to the increasing automotive manufacturing coupled with population growth in the region. China is the world’s largest vehicle market, according to the International Trade Administration (ITA), and the Chinese government expects automobile production to reach 35 million by 2025. In 2019, according to OICA, the automotive production in Malaysia and Vietnam has increased up to 571632, and 250000, i.e., 1.2%, and 5.5%. India’s annual production in 2019 was 30.91 million vehicles, according to Invest India, compared to 29.08 million in 2018, recording a healthy 6.26 percent growth. Also, by 2026, the US$118 billion Indian car industry is projected to cross US$300 billion. The increasing automation production in the Asia Pacific will eventually boost the demand for powder metallurgy to manufacture various automobile components, which will likely influence the growth of the powder metallurgy market in the APAC region.

Powder Metallurgy Market Drivers

Flourishing Aerospace Industry

Powder metallurgy is used extensively in aerospace, because of its advantages of high strength/weight ratio, high heat capacity, and high modulus of elasticity. Within aerospace, powder metallurgy finds its most significant application in turbine engines, compressors, fan sections, discs, airframes, fasteners, and landing gear. Tungsten metallurgy based tungsten carbide has received considerable attention in the aerospace industry because of its high strength at very high temperatures. Tungsten carbide is sintered through a selective laser sintering process based on the additive manufacturing process. In 2019, China was the second-largest civil aerospace and aviation services market in the world and one of the fastest-growing markets, according to the International Trade Administration (ITA). China will need 7,690 new aircraft over the next 20 years, valued at US$1.2 trillion, according to Boeing (Commercial Market Outlook 2018–2037). China also currently accounts for 15 percent of the world’s commercial aircraft fleet, and it will be almost 20 percent by 2037. According to Boeing, the demand for 2,300 airplanes worth US$320 billion is projected in India over the coming 20 years. Boeing’s current market outlook (BMO) forecasts demand for 2,520 new aircraft in the Middle East by 2030. With the flourishing aerospace industry, the demand for aircraft components will also gradually increase, which will drive the market growth.

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Expanding Electrical and Electronics Sector

The powder metallurgy method offers the opportunity to cost-effectively produce net form components from a variety of materials. A market segment that has exhibited the ability to take advantage of powder metallurgy’s flexibility has been in electromagnetic applications such as household appliances, industrial applications, and more. Magnetic materials are essential elements in the electronic industry in recent times. From the motors and turbines that provide the power for the industry to the high-frequency transformers that power computers, magnetic materials are becoming increasingly important for consumers. The electronic sector is booming in various regions, which will further drive the market growth as there is an increasing demand for powder metallurgy from the electrical and electronics sector. For instance, the consumer electronics and appliances sector in India is expected to become the fifth-largest in the world by 2025, according to Invest India. India could create an US$800 billion to US$1 trillion digital economy by 2025, and India’s digital economy could fuel 18–23 percent of overall economic activity by 2025. According to the Government of Canada, revenues in the ICT sector reached an estimated US$210 billion in 2019. ICT sector revenues grew from US$158 billion to US$200 billion from 2013 to 2018, a 26.9 percent increase.

Powder Metallurgy Market Challenges

Various Drawbacks Associated with Powder Metallurgy

The cost of metal powders compared to the cost of raw material used for casting or forging a component is relatively higher. At the time the cost of tooling and equipment is also higher. When production volumes are limited, this is especially a limitation. Also, low melting point metal powders such as zinc, tin, and cadmium give thermal difficulties during sintering operation, as most oxides of these metals cannot be reduced at temperatures below the melting point. Furthermore, large or complex-shaped parts, and uniformly high — density products are difficult to produce by the powder metallurgy process. Without any degradation, a few powders are also difficult to store. All these drawbacks associated with the powder metallurgy may hinder the market growth during the forecast period.

Powder Metallurgy Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the powder metallurgy market. Major players in the powder metallurgy market are Arcam AB, Carpenter Technology Corp., ExOne GmbH, GKN Plc, Höganäs AB, Materialize NV, Melrose Industries PLC, Sumitomo Electric Industries, Ltd., and Hitachi Chemical Co., Ltd.

Acquisitions/Technology Launches

In May 2019, Epson Atmix Corp. installed a new production line at its Kita-Inter Plant in Japan for producing amorphous alloy powder. The company invested around ¥800 million (USD 7.43 million) for the installation of a new line and it plans to further increase its production capacity in stages and reach 6,000 tons per year by 2023.

In October 2019, GKN Powder Metallurgy a leading metal powder and parts manufacturers acquired specialist polymer 3D printing service provider Forecast 3D. The acquisition presents a significant expansion of GKN powder metallurgy’s additive capabilities.

Relevant Reports

Powder Coatings Market — Forecast (2021–2026)

Report Code: CMR 0113

Ferromanganese Market — Forecast (2021–2026)

Report Code: CMR 0382

For more Chemicals and Materials Market reports, please click here

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Chocolate Market Insights: Growth Challenges, Opportunities, and Strategic Forecasts to 2030

The chocolate market stands at the crossroads of tradition and innovation, offering a fascinating glimpse into an industry that continues to adapt to changing consumer preferences and global challenges. With steady growth projected through 2030, the market promises exciting opportunities while facing critical hurdles that require innovative solutions.

The global appetite for chocolate remains insatiable, with its versatility being a key driver. Beyond its role as a sweet indulgence, chocolate has become a platform for innovation, encompassing health-focused products, premium offerings, and sustainable sourcing. However, the journey to 2030 is marked by complex challenges, including environmental concerns, economic uncertainties, and evolving consumer demands.

Growth Drivers

One of the most significant factors propelling the chocolate market is the rising demand for premium and artisanal products. Consumers increasingly seek high-quality experiences, turning to dark chocolate, single-origin varieties, and unique flavor combinations. This preference has driven a surge in craft chocolate makers who focus on authenticity, storytelling, and ethical sourcing.

In emerging markets, particularly in Asia and Africa, rising incomes and urbanization have expanded the customer base for chocolate. Regions where chocolate consumption was traditionally lower are now becoming significant contributors to the market's growth. Companies entering these areas are tailoring their offerings to local tastes, blending global appeal with regional flavors.

The health and wellness trend has also reshaped the landscape. With consumers seeking healthier alternatives, low-sugar, organic, and functional chocolates with added benefits like protein or adaptogens have gained traction. Dark chocolate, in particular, has enjoyed popularity for its antioxidant properties and association with heart health.

Challenges Ahead

Despite its growth potential, the chocolate industry faces several challenges. Climate change remains a major concern, especially for cocoa production, which relies on specific environmental conditions. The majority of cocoa is grown in regions vulnerable to deforestation, changing weather patterns, and declining soil fertility. These factors threaten the stability of supply chains and the livelihoods of cocoa farmers.

Additionally, ethical issues in cocoa farming, such as child labor and unfair wages, have placed significant pressure on manufacturers to ensure transparency. Certifications like Fairtrade and Rainforest Alliance are increasingly demanded by consumers, but implementing these standards comes at a cost that some companies struggle to bear.

The economic landscape also poses challenges. Inflation and fluctuating raw material prices, particularly for cocoa and sugar, have impacted profit margins. Manufacturers must balance affordability with profitability while maintaining quality standards that meet consumer expectations.

Strategic Opportunities

Innovation and sustainability will be central to overcoming these challenges. Companies are investing in alternative sources of cocoa, such as lab-grown and synthetic cocoa, to diversify supply chains and reduce environmental impact. Additionally, regenerative agriculture practices are gaining traction, promoting soil health and reducing carbon footprints.

Technology is playing a transformative role in the chocolate industry. Advanced analytics, artificial intelligence, and blockchain technology are enhancing production processes, improving product traceability, and enabling personalized offerings. From flavor development to inventory management, digital tools are helping companies stay competitive in an evolving market.

The rise of direct-to-consumer models and e-commerce platforms presents another growth avenue. Online channels allow brands to connect with customers in new ways, offering tailored experiences and subscription-based models. This shift has also created opportunities for smaller players to reach global audiences without significant infrastructure investments.

Forecast to 2030

By 2030, the chocolate market is expected to grow significantly, driven by innovation, sustainability, and geographic expansion. Players who prioritize ethical practices, diversify their product portfolios, and leverage technology will be best positioned to thrive. Emerging markets will play a pivotal role, with customized strategies tailored to local preferences becoming essential for success.

While challenges such as climate change and supply chain disruptions will persist, the resilience of the chocolate industry and its ability to adapt offer a promising future. As consumer expectations continue to evolve, the chocolate market is poised to delight generations to come with its blend of tradition and ingenuity.

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Global Arms and Ammunition Market Assessment 2031

Global arms and ammunition market size was valued at USD 62.25 billion in 2022 and is expected to reach USD 96.63 billion in 2030, with a CAGR of 5.65% for the forecast period between 2023 and 2030. In today’s contemporary era, characterized by expanding global economies and dwindling resources, nations fortify themselves to protect their interests, fostering peace internally and externally. They aim to secure their nations’ prosperity, survival, and continuity. The 2023 Global Peace Index, an annual publication from the Institute for Economics and Peace (IEP), reports a 0.42 percent decline in the average level of global peacefulness, marking the ninth consecutive year of deteriorating global peace.

The arms and ammunition market is experiencing significant growth due to rising global conflicts, resource constraints, and political instability. Security concerns drive this growth as nations strive to maintain sovereignty and peace. The industry is an economic driver, with imported arms often costing high and requiring licensing and permissions. Countries continuously enhance their capabilities, forging alliances, and invest in advanced technologies to create more durable and efficient weapons and ammunition. The market is not limited to lethal weaponry and includes non-lethal and non-tactical ammunition for crowd control and managing internal conflicts. Rising crime rates contribute to the market’s expansion.

Escalating Global Conflict Escalate Use of Arms and Ammunition

Geopolitical tensions have led to conflicts in various nations, with major powers seeking to extend their influence by supporting opposing factions through troop deployment and arms supply. The 2022 Global Peace Index shows a shift in the global conflict landscape, with major conflicts in the Middle East, North Africa, and South Asia decreasing and tensions increasing in sub-Saharan Africa, Europe, and Asia-Pacific. Since 2019, conflict intensity has increased, with a 45% increase in fatalities in the year preceding Russia’s invasion of Ukraine. It has led to a surge in demand for arms and ammunition, driven by geopolitical and economic reasons.

In 2022, Algeria procured arms, including recoilless rifles and grenade launchers from Bulgaria. North Africa, despite appearing stable, deals with underlying insecurity stemming from political, social, economic challenges, democratic deficits, extremist groups, and international rivalries. Algeria justifies its robust military posture due to its precarious neighborhood. It shares borders with unstable neighbors like Libya, which is affected by groups such as “Al-Qaeda in the Islamic Maghreb,” and Tunisia, marked by post-2011 political unrest. To the west, border tensions with Morocco are fueled by the Western Sahara conflict. Extensive frontiers with Mali and Niger, known for separatist and terrorist activities in the African Sahel, underscore the importance of military readiness.

Non-Lethal Ammunition Spurs the Market

Governments bear the responsibility of preserving internal peace and security. While protests are a natural part of global socio-political dynamics, they can sometimes escalate into violence. Unfortunately, the institutions meant to safeguard the populace might find themselves compelled to employ force against their citizens. In 2022, the Armed Conflict Location & Event Data Project noted a substantial increase in political violence amid reduced demonstration activity. This escalation was evident worldwide, particularly in Europe and Central Asia, with political violence surging by 27% compared to 2021 while demonstrations fell by 12%. Incidents of violence targeting civilians grew by 12%, becoming deadlier with a 16% increase in fatalities from direct civilian targeting.

Protests, driven primarily by economic grievances like inflation, have escalated significantly. In September 2022, Sri Lanka witnessed violent confrontations as authorities dispersed demonstrators protesting for several months due to severe economic challenges. Additionally, unjust actions could trigger civil unrest, exemplified by France’s deployment of over 40,000 police officers in July 2023 to quell urban riots following fatal police shooting incident. The growing trend has spurred a heightened demand for advanced riot control equipment, crowd dispersal tactics, rubber bullets, and tear gas, propelling the global arms and ammunition market.

Rising Civilian Arms Purchases Boost Arms and Ammunition Market

The 2023 Global Organized Crime Index shows a rise in global criminal activities, with an average rating of 5.03 out of 10, indicating 83% of the global population lives in countries with high crime rates. Despite this, resilience across various factors remains relatively stable. The arms and ammunition market is expanding due to a surge in civilian firearm acquisitions, driven by concerns about rising crime and personal safety. However, the increased accessibility of firearms raises potential risks, as they can be misused for violent purposes.

In the United States, the Second Amendment guarantees the right to hold arms, with 40% of adults living in households with firearms and 32% personally owning one. A significant portion of gun owners, 72%, cite protection and self-defense as major reasons for firearm ownership. The increase in gun accessibility coincides with a significant rise in gun violence in the USA in 2022, with over 600 mass shootings contributing to the highest firearm-related deaths in nearly three decades. Firearms manufacturers like Sturm, Ruger & Company, Inc. reported substantial earnings, with net sales of USD 593.3 million linked to their firearms operations.

Technology Breakthroughs Propel the Global Arms and Ammunition Industry Forward

Technological advancements propel the global arms and ammunition market, especially in small arms and rifles. Manufacturers are incorporating state-of-the-art optics and accessories, including night and thermal vision capabilities, to enhance the performance of these firearms. Concurrently, there’s a notable increase in the production of advanced, compact, and lightweight assault rifles designed for counter-terrorism operations and urban warfare, featuring quick target acquisition and reduced recoil. Additionally, adjustable stock systems are gaining popularity, enabling shooters to customize their rifles for comfort and precision in extended engagements. These innovations empower military forces and contribute to the industry’s sustained growth.

In June 2023, Israel entered a contract with Israel Weapon Industries (IWI) to procure an additional 2,800 Micro-Tavor assault rifles for the Israel Defense Forces (IDF) to be delivered by 2028. As Israel went to war with Hamas in October 2023, it initiated a fresh order for 10,000 rifles to equip civilian security teams primarily stationed in towns near Israel’s borders.

North America Maintains Market Leadership: Rising Defense Expenditures and Advanced Weapon Procurement Propel Dominance

North America maintains its market leadership. This dominance is primarily driven by the region’s escalating defense expenditures and the heightened acquisition of advanced weapons and ammunition by the United States and Canada. The United States has consistently been at the forefront of light weaponry, solidifying its position as a global military powerhouse. The United States Department of Defense (DoD) has significantly increased its investment in advanced weapon systems due to the evolving nature of warfare. Rigorous testing ensures reliability and assesses the performance enhancements associated with new integrated design changes.

In February 2023, the United States entered a USD 520 million contract with Northrop Grumman Corporation and Global Military Products to produce artillery ammunition for use by Ukraine. This underscores the region’s commitment to equipping its armed forces with cutting-edge weaponry.

Governments Regulations

Global regulations are essential for preserving domestic and international peace and security. They effectively curb conflicts, limit illicit arms trade, and prevent weapons from falling into the wrong hands, promoting stability and safeguarding human rights. International arms control agreements, like the Arms Trade Treaty (ATT) adopted in 2013 and enacted in 2014, govern the global transfer of conventional arms, including small arms and light weapons. The ATT addressed the transfer of small arms to non-state actors, such as armed groups and terrorist organizations. Other international agreements, like the Convention on Certain Conventional Weapons and the Convention on the Prevention and Combating of Terrorism, play significant roles in regulating the trade and use of small arms and armaments, promoting global peace and security.

In 2022, the United Nations General Assembly passed a resolution to comprehensively combat the illicit trafficking of small arms and light weapons. Member states were urged to strengthen their national laws and regulatory frameworks, increase collaboration with other nations, and support developing countries. In 2023, the European Union implemented a regulation to enhance firearms traceability and prevent their acquisition by criminal elements and terrorist organizations, thereby advancing security and public safety. These international frameworks collectively contribute to responsible arms trade, accountability, and the pursuit of global peace.

Impact of COVID-19

The arms and ammunition market has shown resilience despite the global economic downturn caused by the COVID-19 pandemic. Stockholm International Peace Research Institute (SIPRI) found a 1.3% increase in arms sales among the top 100 companies, indicating enduring demand driven by political and strategic motivations. Major arms manufacturers have used their financial influence to influence defense policies, sometimes accelerating orders to access funds ahead of schedule. The arms industry tapped into a growing South Asian market, with countries like India and China expanding their small arms production, catering to domestic and international exports. The resilience demonstrates the market’s adaptability to economic challenges and evolving geopolitical dynamics.

Impact of Russia-Ukraine War

Russia, a significant global arms supplier, saw its defense production capacity strained after its invasion of Ukraine in February 2022, along with subsequent sanctions that affected its arms industry’s reputation and complicated payment options for existing customers.

The conflict has heightened the demand for military equipment and ammunition in Europe. Global supply chain disruptions, such as shipping interruptions and semiconductor shortages, have impacted arms sales, particularly in Western countries with intricate global supply networks. Giving other countries opportunities to step in and fill the gap, for instance, since the war, Poland became a major supplier providing a significant share of major arms deliveries to Ukraine and NATO forces. Moreover, it has exposed contradictions in the global order, as business interests often trumped calls for peace, with certain EU member states continuing to export military equipment to Russia, amounting to 30 billion despite ongoing embargoes until 2021, according to Investigate Europe’s data analysis.

Global Arms and Ammunition Market: Report Scope

“Arms and Ammunition Market Assessment, Opportunities and Forecast, 2016-2030F” is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the global arms and ammunition market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/arms-and-ammunition-market

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YRC Shares Key Insights on Starting an Activewear Clothing Line: Mastering the Basics for Success - Part 3

YRC highlights key essentials for starting an activewear clothing line, focusing on MENA markets like UAE, Saudi Arabia, Egypt, with four new strategic insights

Empowering Retail & E-commerce businesses worldwide.”

— Nikhil AgarwalPUNE, MAHARASHTRA, INDIA, October 8, 2024 /EINPresswire.com/ -- In one of the previous media releases, retail and eCommerce consulting house, YourRetailCoach (YRC) highlighted some of the essentials to be carefully addressed in starting an activewear clothing line business with an emphasis on the MENA (Middle East and North Africa) region comprising countries like the UAE, Saudi Arabia, and Egypt. In this communiqué, YRC sheds light on four additional areas of planning and strategic significance concerning the same line of business.

Get advise for E-commerce retail business : https://www.yourretailcoach.ae/contact-us/

𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗠��𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁

The quality of inventory management bears implications not only on operations but also on customer experience and brand image. This can be understood with a common experience. For many customers, finding a love-at-first-sight piece of fashion wear is no less than the occurrence of a cosmic syzygy. Finding the right design and material but not the right size can be frustrating. An apparel store can lose sales by just not having all the sizes available. Not having all the designs in stock can have the same result. Repeated disappointment is far more damaging to a brand than customers having little or no expectations from it.

In inventory management for activewear clothing businesses, some of the important areas of work are:

· Demand forecasting (accuracy, reliability, use of analytics) · Timely procurement, correctness in ordering and receiving, procurement planning · Maintaining the right stock levels, preventing overstocking and understocking · Implementation of quality checks and measures, and measures to prevent shrinkage · Space optimisation planning in stores and warehouses · Logistics optimisation (reduced logistical costs) · Periodical and surprise inventory audits · The use of inventory management software for 𝗷𝗲𝘄𝗲𝗹𝗹𝗲𝗿𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 · Prudence in the selection and onboarding of suppliers · Development and implementation of 𝗦𝗢𝗣𝘀 ( https://www.yourretailcoach.ae/services/sop-development/ ) for inventory management (well-defined processes)

𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸

From the perspective of entrepreneurs and business owners of activewear 𝗰𝗹𝗼𝘁𝗵𝗶𝗻𝗴 𝗯𝗿𝗮𝗻𝗱𝘀 𝗮𝗻𝗱 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀, it is important to be in the knowing of the tools and technologies that are used in the business. Technologies in an apparel business can include a wide array of products from simple ones like POS systems, inventory management software, and RFID to those featuring in the ‘cutting edge’ list like AI (Artificial Intelligence) and 3D Printing. Today, technology also plays a vital role in shaping customer experience. For example, the design, features, and capabilities of eCommerce platforms (for online sales channels) can strongly affect the brand perception of customers. While most of the chatbots and virtual assistants may appear as too mechanical they are good at handling rudimentary queries and bringing down operational costs on this front. Also, many robotic and industrial automation tools are used in apparel warehouses and eCommerce fulfilment centres that give speed and accuracy to the movement of goods, quality control, order fulfilment, and logistics.

𝗢𝗺𝗻𝗶𝗰𝗵𝗮𝗻𝗻𝗲𝗹 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗳𝗼𝗿 𝗔𝗰𝘁𝗶𝘃𝗲𝘄𝗲𝗮𝗿 𝗖𝗹𝗼𝘁𝗵𝗶𝗻𝗴 𝗟𝗶𝗻𝗲

Different brick-and-mortar retail businesses may have different degrees of online capabilities. What is important here is having a solid connection between the offline and online touchpoints so that the benefits of a two-edged sword can be provided to customers in a reliable manner. For example, one apparel store may simply choose to have a search engine listing presence and another with a full-fledged eCommerce channel. The omnichannel requirement for the first store is to ensure that all the details provided are authentic, accurate, up-to-date, and actionable (e.g. two working phone numbers). For the second store with eCommerce capabilities, the omnichannel requirements are going to be much more elaborate like having the facility for online ordering and physical pick up for validation reasons or ensuring the availability of stock in outlets as per merchandise listed in the store’s online storefront.

𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴

Even if a business has no online sales channels, a certain degree of digital marketing is still necessary. Today, customers expect to find brands and businesses on online channels. They need to know the reviews and experiences of other people shared on search engines and social media. Having the required level of digital marketing (in a desirable form) serves as an instant solution to achieve the initial brand/business validation. With more concerted efforts in digital marketing for activewear clothing line, better results are possible:

· Quickly reaching out to a wider audience · Curated content for every segment based on demographics and interests · More economical than traditional advertising methods · Trackability of advertising and promotional campaigns, the scope of making adjustments · Social listening and social monitoring for better social media marketing · Customer support · Actionable content

𝗔𝗯𝗼𝘂𝘁 𝗬𝗼𝘂𝗿𝗥𝗲𝘁𝗮𝗶𝗹𝗖𝗼𝗮𝗰𝗵:

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Bearing the Load: Top Bearings for High-Demand Industries

The report on the global bearings market provides a comprehensive analysis of the market segments and sub-segments, offering insights into both global and regional market trends from 2015 to 2023. According to the report, the global bearings market is expected to grow at a compound annual growth rate (CAGR) of 5.5% over the forecast period of 2023 to 2030, with the market projected to reach an estimated value of USD 55 billion by 2030.

What are Bearings?

Bearings are mechanical components used to reduce friction between moving parts and support the load, ensuring smooth and efficient movement. Bearings are widely used in a variety of industries, including automotive, aerospace, manufacturing, and industrial machinery. They come in various types, including ball bearings, roller bearings, and fluid bearings, each suited for specific applications requiring load support and motion control.

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Market Drivers and Growth Factors

Several factors are contributing to the growth of the bearings market:

Rising Demand in Automotive Industry: Bearings are essential components in vehicles, ensuring smooth operation of various moving parts such as wheels, engines, and transmissions. As the automotive sector continues to grow, the demand for high-performance bearings rises, particularly in electric vehicles (EVs) and autonomous vehicles.

Growth in Industrial Manufacturing: Industrial machinery and manufacturing applications require reliable bearings for efficient operation. The expansion of the manufacturing industry, especially in emerging markets, boosts the demand for bearings in machinery, robotics, and production lines.

Technological Advancements: Continuous innovations in bearing materials and designs, such as ceramic and hybrid bearings, offer higher performance, durability, and resistance to wear and tear, driving their adoption across industries.

Demand from Renewable Energy Sector: Bearings are increasingly used in renewable energy systems such as wind turbines and solar tracking systems, where reliability and low maintenance are critical to system performance.

Regional Analysis

North America: North America is a key market for bearings, driven by the demand from the automotive, aerospace, and industrial machinery sectors. The U.S. is the largest contributor, with major manufacturers and strong industrial bases.

Europe: Europe remains a significant market due to the presence of key automotive manufacturers and a robust manufacturing industry. Germany, France, and the UK are the leading countries in the region, driving the demand for advanced bearing solutions.

Asia-Pacific: The Asia-Pacific region is expected to see the highest growth in the bearings market. This is mainly driven by the rapid industrialization in countries like China, India, and Japan, as well as the increasing demand for bearings in automotive and machinery sectors.

Rest of the World: The Middle East, Latin America, and Africa are gradually increasing their adoption of bearings, mainly driven by infrastructure development and expanding industrial sectors in these regions.

Competitive Landscape

The global bearings market is competitive, with key players focusing on product innovation, technological advancements, and expanding their market presence:

SKF Group: SKF is a leading global player known for its extensive portfolio of high-quality bearings used across various industries, including automotive, aerospace, and energy.

Schaeffler Group: Schaeffler is a prominent player providing a wide range of bearings, with a strong focus on high-precision and energy-efficient bearing solutions.

NSK Ltd.: NSK specializes in automotive, industrial, and aerospace bearings, focusing on advanced technologies to improve product performance and reliability.

Timken Company: Timken manufactures bearings for multiple applications, with a focus on high-performance bearings for demanding environments, including heavy machinery and energy sectors.

JTEKT Corporation: JTEKT offers bearings for diverse industries, including automotive and industrial applications, with a strong emphasis on product innovation and sustainability.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-bearings-market

Challenges and Opportunities

Challenges:

Price Volatility of Raw Materials: Bearings are often made from high-quality steel and other materials whose prices can fluctuate, impacting the production costs and pricing of bearings.

Competition from Low-Cost Manufacturers: Low-cost manufacturers, especially from emerging economies, pose a challenge for premium bearing manufacturers due to the price sensitivity of certain markets.

Environmental Concerns: Increased focus on sustainability and energy efficiency may push manufacturers to develop eco-friendly and recyclable bearing solutions, which requires additional investment in R&D.

Opportunities:

Electric Vehicles (EVs): The rapid growth of the EV market presents significant opportunities for bearings, especially in areas like motor assemblies, transmissions, and wheel hubs.

Emerging Markets: Rapid industrialization in countries like China, India, and Brazil is creating new opportunities for bearings in manufacturing, construction, and automotive sectors.

Smart Bearings: The development of smart bearings, which include sensors for real-time monitoring and predictive maintenance, presents an exciting opportunity to enhance performance and efficiency.

Conclusion

The global bearings market is expected to continue its growth trajectory, driven by the expanding automotive, industrial manufacturing, and renewable energy sectors. With a projected CAGR of 5.5%, the market is poised to reach USD 55 billion by 2030. Technological advancements, particularly in the automotive and energy industries, and the increasing demand for high-performance bearings, will continue to shape the market's future. As industries grow and evolve, bearings will remain crucial components for ensuring operational efficiency and reliability.

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Recovered Carbon Black Market to Hit $2373.6 Million by 2032

The global Recovered Carbon Black Market was valued at USD 105.1 Million in 2024 and it is estimated to garner USD 2373.6 Million by 2032 with a registered CAGR of 56.1% during the forecast period 2024 to 2032.

The report throws light on the competitive scenario of the global Recovered Carbon Black Market to know the competition at global levels. Market experts also provided the outline of each leading player of the global Recovered Carbon Black Market for the market, considering the key aspects such as the areas of operation, production, and product portfolio. In addition, the companies in the report are studied based on vital factors such as company size, market share, market growth, revenue, production volume, and profit.

The global Recovered Carbon Black Market is fragmented with various key players. Some of the key players identified across the value chain of the global Recovered Carbon Black Market include Black Bear Carbon B.V., Bolder Industries, ENRESTEC, Klean Carbon, Radhe Group Of Energy, Scandinavian Enviro Systems AB, SR2O Holdings, LLC Delta Energy LLC etc. Considering the increasing demand from global markets various new entries are expected in the Recovered Carbon Black Market at regional as well as global levels.

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Top Competitors:

Black Bear Carbon B.V., Bolder Industries, ENRESTEC, Klean Carbon, Radhe Group Of Energy, Scandinavian Enviro Systems AB, SR2O Holdings, LLC Delta Energy LLC

Understanding the Industry's Growth, has released an Updated report on the Recovered Carbon Black Market. The report is mixed with crucial market insights that will support the clients to make the right business decisions. This research will help new players in the global Recovered Carbon Black Market to sort out and study market needs, market size, and competition. The report provides information on the supply and market situation, the competitive situation and the challenges to the market growth, the market opportunities, and the threats faced by the major players.

Regional Analysis

-North America [United States, Canada, Mexico]

-South America [Brazil, Argentina, Columbia, Chile, Peru]

-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

-Middle East & Africa [GCC, North Africa, South Africa]

-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

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Full Analysis Of The Recovered Carbon Black Market:

Key findings and recommendations point to vital progressive industry trends in the global Recovered Carbon Black Market, empowering players to improve effective long-term policies.

The report makes a full analysis of the factors driving the development of the market.

Analyzing the market opportunities for stakeholders by categorizing the high-growth divisions of the market.

Questions answered in the report

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-Which regional market will show the highest growth?

-What will be the CAGR and size of the global Recovered Carbon Black Market during the forecast period?

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1 year consulting for analysts along with development data support in Excel. Competitive landscape including market share of major players along with various projects and strategies adopted by players in the last five years.

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Global Sleeping Eye Masks Market Report 2024 - By Size, Demand, Report, Industry Trends, Forecast To 2034

The Sleeping Eye Masks market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the Sleeping Eye Masks Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level.

With tables and figures helping evaluate the Global Sleeping Eye Masks market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.

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Key players offered in the market: Fishers Finery Kao ALASKA BEAR Bedtime Bliss Earth Therapeutics Nidra Dream Essentials Sleep Master

Additionally, it takes account of the prominent players of the Sleeping Eye Masks market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the Sleeping Eye Masks Market.

Scope and Segmentation of the Sleeping Eye Masks Market

The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.

Sleeping Eye Masks Market Type Coverage: - Men Women

Sleeping Eye Masks Market Application Coverage: - Online Sales Offline Sales

Regional Analysis:

North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)

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Sleeping Eye Masks Market recent advancements and major events.

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Cement Grinding Aids Market is driven by growing construction activities

The cement grinding aids market is crucial for optimizing the cement production process. Cement grinding aids help improve the grinding efficiency of finished cement. Grinding aids improve the grindability of cement clinker and reduce electricity consumption. Some key functions of cement grinding aids include enhancing grinding efficiency, improving powder flowability and rheology, reducing power consumption, and preventing agglomeration and coating of the grinded particles over the mill surfaces.

The Global Cement Grinding Aids Market is estimated to be valued at US$ 3336.4 Mn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the cement grinding aids market are Hiwin Corporation, Bosch Rexroth AG, The Timken Company, Schneeberger Group, Rockwell Automation Inc., Ewellix AB, THK Co. Ltd, Thomson Industries Inc., Parker Hannifin Corporation, Nippon Bearing Co. Ltd, HepcoMotion Inc., Lintech Corporation and NSK Ltd. The Cement Grinding Aids Market Growth is expected to witness strong growth in demand due to increasing construction activities across the globe. Rapid urbanization and infrastructure development projects are driving the demand for cement. Cement grinding aids help optimize cement production and meet the rising demand. Globally, the cement industry is expanding to new regions and countries. Growing construction activities in developing nations of Asia and Africa are contributing to the global cement demand. Key players in the cement grinding aids market are expanding their geographical footprint to leverage growth opportunities in emerging markets. Market key trends One of the major trends in the cement grinding aids market is the development of bio-based and environment-friendly grinding aid products. With growing environment concerns, cement producers are focusing on reducing carbon footprint and adopting sustainable manufacturing practices. Bio-based grinding aids help improve grinding efficiency as well as offer environmental benefits. These aids are derived from renewable plant sources and enable greener cement production. Their adoption is expected to rise significantly over the forecast period.

Porter's Analysis Threat of new entrants: The threat of new entrants is low due to high capital investment requirements and established presence of existing players. Bargaining power of buyers: The bargaining power of buyers is high due to availability of substitutes and presence of many regional players. Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of substitutes. Threat of new substitutes: The threat of new substitutes is moderate due to availability of grinding aids from other industries. Competitive rivalry: The competitive rivalry is high due to presence of many regional players. Geographical Regions Currently, Asia Pacific region accounts for around 40% of the global cement grinding aids market value mainly due to high cement production and consumption in countries like China, India. The region will continue dominating the market during the forecast period due to rapid infrastructure development and urbanization. The fastest growing region for cement grinding aids market is expected to be Middle East & Africa region driven by ongoing and planned infrastructure projects across countries. The demand is projected to increase at a CAGR of over 10% until 2031 led by rising construction activities in GCC countries and investments towards community development in Africa.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)