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#Carbon Black Market#Carbon Black Market size#Carbon Black Market share#Carbon Black Market trends#Carbon Black Market analysis#Carbon Black Market forecast#Carbon Black Market outlook#Carbon Black Market overview#Carbon Black Market report
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The carbon black market is expected to witness market growth at a rate of 6.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on carbon black market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the marketâs growth. The rise in the adoption of advanced technologies in tire production is escalating the growth of carbon black market.
#Carbon Black Market#Carbon Black Market Demand#Carbon Black Market Share#Carbon Black Market Forecast#Carbon Black Market Trend#Carbon Black Market Segment#Carbon Black Market Overview#Carbon Black Market Growth
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Unlimited life of clothes: âWe reincarnateâ
If you could choose between quality, sustainability, price tag, or style when buying clothes, what is your priority?
There is a noticeable smell upon entering the underground area of Brick Lane Vintage Market. This is a smell that is characterised by the secondhand clothes hanging all around scattered stalls. Some retro, some classics, some winter jackets and sweaters, and even season-less needs with striking visuals and various colours mixed together. Each hanger rack has a variety of models and colours. Everyone must be prepared to put their hand in to see the clothes one by one because there could be "treasures" that cannot be found with one "screening".
"We don't call it secondhand clothes anymore. It is now called pre-loved or vintage fashion, including upcycled, recycled clothes pieces.â
His grey hair shows that he may not be young anymore. Still, Andy, who has been working in one of the Brick Lane vintage stalls for five years, has a keen eye for detail and the conditions of items that are still good enough or not on display in the collection. He refuses to use the words secondhand clothes. For him, these reincarnated clothes have their own value. This value can be better reflected by calling them pre-loved or vintage. The clothes supplied to the store come in dozens of boxes and kilos. Behind the cashier's desk is a non-permanent room in a corner that was purposely made as a warehouse for unsorted clothes. That afternoon, Andy was seen busy sorting several black suits and giving them price tags. When asked where he got all the clothes from, he answered firmly,Â
"That's my boss's secret. He has a good connection with people who are also pre-loved and vintage clothes suppliers. I won't let you know where it is coming from.â
Even though Andy does not openly tell where the clothes come from, it is common knowledge that pre-loved clothes are indeed sold per kilo or even per ton and are imported from other parts of the world, leaving lots of carbon footprints along the distribution process. According to the EU Strategy for Sustainable and Circular Textiles1, 1.4 million tons of textile waste were exported to non-EU countries in 2020. Yet, there is still no reliable overview data on these flows, whether they were pre-sorted or not, and their ultimate destinations.
Shop owners and employees like Andy sort and curate the kilograms of clothes received. He gives prices based on the cost of clothes in the market. Some of the clothes in his shop are priced at $300 and up because they are well-known brands, classic, aged, and well-maintained. Other clothes have prices below or the same as market prices. Everything is calculated based on the clothesâ condition, whether the clothes are fixed or upcycled already or in raw condition. Raw, which means it is not curated, not upcycled, and comes with unrepaired damage, the cheaper it gets.
Unlike the shop where Andy works, Shiley (known as @the_vintage_reborn_london on Instagram) is another shop owner who directly looks after her own shop. Her interest in fashion and antique collections can be seen in her knowledge of fashion history and her ability to curate items. Unlike most sellers on Brick Lane, Shirley gives prices according to her expertise in determining the value of an item. For her, the things she has made have their own soul and might be the only ones that canât be found elsewhere. This makes many pre-loved clothes pretty fantastic because apart from being more environmentally friendly, they also have unique tastes for some customers.
How sustainable are pre-loved clothes?
As you read through this article, it means, directly or indirectly, you are one of those people who are concerned about whether or not the choice of clothes you buy are sustainable. Let's take a brief look at what impact this actually has on our fashion choices. Referring to the journal on Waste Management in the Fashion and Textile Industry, which was just released in 20222. Until now, the fashion and textile industry is the second largest polluter in the world, following the oil industry2.Â
Most people and scientists nowadays refer to the term carbon footprint. This means our sins can be easily calculated. The carbon footprint calculation is also counted not only for the manufacturing process but also for the process of distributing until the waste processing these clothes. Our purchasing behaviours contribute to 39 million tons of post-consumer fashion waste created globally every year, primarily in the form of clothes. More than 57% of all apparel thrown away ends up in landfill. The textile water waste used in garment production is untreated and contains toxic substances such as, mercury, arsenic, lead, and others which are directly dumped into the water bodies risking the human race and aqua life around the globe2.
Calculating the carbon footprints of each process needs detailed data on the ingredients that are being used during the process. There are 3 types of ingredients in forming our clothes: plant-based, synthetics, and animal-based clothes. Although all three have an impact on the environment, synthetics and animal-based have the most significant percentage of impacts. For example, overgrazing of grasslands via sheep and cashmere goats raised for their wool, and each time âsyntheticâ garments are washed (polyester/nylon), around 1900 single microfibers are freed into the marine ecosystem, creating their way into the oceans2. Does all this data make us pessimistic about wearing clothes? Is it time we all migrated into a sect of naked sun worshipers?
Sustainability aims to derive maximum advantage from products by increasing their lifespan. Sustainability practices try to do as good as possible by trying to reduce the production process. According to Nadira Lase, "Most of us don't count the reuse carbon footprint because it's a different category as it doesn't make new clothes anymore. After all the calculations we did, what determines whether the product has a significant carbon footprint or not is in the material, not in the use of transportation. As the results of our calculation of the life cycle assessment (LCA), transportation does not produce a lot of carbon compared to the manufacturing process, that's why reuse is more favourable than the others." Nadhira Lase4Â works as an Environmental Specialist at an LCA software company based in the Netherlands. She assesses and calculates the carbon footprint and LCA in fashion, including in the manufacturing process and the distribution of all until it wastes calculation.
However, carrying out sustainable fashion practices is still challenging to do thoroughly. Many considerations must be made regarding quality, price, style, and sustainability practices. Knowing that sustainable fashion can not only partially be defined as how big the carbon footprint is in certain clothes. One of the students attending the University of the Arts London, Vallerie7, who is a regular customer of clothes at thrift or vintage stores stated, âFor me, fashion is a statement, I feel that thrifting helps me explore myself through it because it has a lot of choices and it is also a way for me to define myselfâ. But even so, she also revealed how difficult it is to always purchase pre-loved clothes, especially in London. Most of the clothes sold at curated vintage markets have fantastic prices for students and part-time workers like them. Some clothes that have a lower price are sold in a not curated condition often at times they are not very good quality.
âIn the end, for my daily needs, some of it I bought at Primark again because the prices are lower. The need to save money and lower prices make it hard to be more sustainable. The existing system still forces me to return to this fast-fashion cycle.â Some of you reading this article may agree with Vallerie, or maybe not.
What can we do?
Price is still becoming a primary concern for most consumers in making decisions rather than sustainability. They know they care about the environment, but they don't act in a sustainable manner when buying products. It will take time and a small step for sustainability and zero waste lifestyle to be a pillar in the fashion industry rather than just another trend. Therefore, it is urgent to change the mindset of the ethical apparel industry.Â
The fashion design industry is worth $2.4 trillion, employing about 60 million people worldwide, and the size of the business is expected to continue to grow in the coming years2. It is time for fashion designers, corporations, and the government to create joint actions for a "close loop" fashion system. Efforts in research, knowledge sharing, and strengthening synergies will lead to changes in fashion trends and help countries develop the need for ethical fashion. Many brands and companies have also started to shift to more sustainable ways of manufacturing their products. The more sustainable scheme available on the market, the more choices consumers have in buying things to be more sustainable. Step by step, it will raise behaviour change in the consumers as well as all the market stakeholders.
Although not to mention, there is a lot of debate over sustainable fashion, pros and cons around those big brands that have launched organic and sustainable collections. Their transparency, not only over the source of material but also fair labour often being questioned. The term "greenwashing" also needs attention, as customers don't want to get blinded and trapped in an unconscious fashion choice. All those significant steps from those powerful and big brands companies must still be accompanied by the efforts of consumers who have the same important role in making decisions. Being fully aware and sustainability-conscious people is something that we can do to provoke a system change.Â
The most promising strategy is reduction aimed at avoiding waste generation. Textile waste management includes a 3R approach; Reduce, Reuse, Recycle. In a literal sense, "reduce" is still the most preferred method to reduce textile waste effectively. According to an annual report by climate NGO WRAP3 an additional 9 months of active use to extend the life of your garment will reduce your carbon footprint, waste and water footprint by approximately 20-30%. This may require physical expertise to repair a product and our mental strength to restrain our ego rather than buying something we don't need. Both are hard, indeed. Practice is required to make this become a new habit. The second one is âreusingâ. This is where thrifting or why buying pre-loved clothes could be an answer for this. As there is no emission for the production process, reusing clothes leaves less carbon footprint and is considered a wise choice in practising a sustainable lifestyle. There are a lot of start-ups and organisations that make a business model like this. For example, Nuw (www.thenuwardrobe.com) is a social network platform for sharing clothes with people in the local community. A charity shop such as Oxfam also became the first national charity to develop its own facility for recycling and reusing clothes and never sends clothes to landfills. Quoted from an interview with Forbes, Stella Tennant, a model for an Oxfam photoshoot, stated, "One dress could raise enough money to provide a woman in Bangladesh with a safe bathing cubicle, a shirt could provide safe, clean water for 10 people in an emergency, and a coat could help train two farmers in Rwanda to better cope with extreme weather conditions." Vintage markets and thrift stores are indeed the closest business model that runs the reusing practice. The last one is ârecyclingâ. Recycling approaches are more cost-effective than waste disposal, and due to the high energy, water, and manufacturing consumption, recycling is much better than making new textiles. Economically wise, recycling also generates job openings for many small businesses. The term reworked or upcycled clothes is often found in many vintage markets. These clothes are re-produced by small and medium enterprise businesses using clothing materials that are no longer used to become value-added goods with the same quality as new clothes.
Ultimately, no matter how hard this article scientifically suggests you support preloved fashion stores, suggest you buy clothes at a charity shop, or consider organic or sustainable fashion brands, everything goes back to your decision. The best choice that we can make also depends on our circumstances. We can try at least to be environmentally conscious, which will drive us to be as sustainable as possible in every given situation.
So, if you could choose between quality, sustainability, price tag, and style when choosing your clothes, which is your priority?
References:
Boiten, V. (2022). Building a circular economy for textiles supported by common rules on Extended Producer Responsibility (EPR) in the EU. Recommendations and open questions for the upcoming revision of the EU Waste Framework Directive (WFD), 16. https://emf.thirdlight.com/link/51d055xl9pwf-jbvkcd/@/preview/1?o
Gupta, R., Kushwaha, A., Dave, D., & Mahanta, N. R. (2022). Waste management in fashion and textile industry: Recent advances and trends, life-cycle assessment, and circular economy. Emerging Trends to Approaching Zero Waste, 215-242.
WRAP. (2012). Valuing Our Clothes: The Cost of UK Fashion, 5. https://wrap.org.uk/sites/default/files/2021-01/WRAP-valuing-our-clothes-2012-07-11.pdf
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2 D Materials Market, Market Size, Market Share, Key Players | BIS Research
2D materials are substances that are just a few atoms thick, usually one layer. The most famous 2D material is graphene, discovered in 2004 by physicists Andre Geim and Konstantin Novoselov, which led to a Nobel Prize in Physics in 2010. Graphene is a single layer of carbon atoms arranged in a hexagonal lattice, with incredible mechanical strength, electrical conductivity, and thermal properties.
The 2D materials market is projected to reach $4,000.0 million by 2031 from $526.1 million in 2022, growing at a CAGR of 25.3% during the forecast period 2022-2031.
2 D Materials Overview
2 D Materials  focus on addressing the environmental, social, and economic challenges associated with mining activities while ensuring long-term resource availability.
Key components of Sustainable Mining
Reducing energy consumption
Minimizing greenhouse gas emissions
Conserving water
Market SegmentationÂ
1 By ApplicationÂ
â˘Â  Metallic Minerals
Industrial Metals
Precious Metals
Iron Ore
â˘Â  Non-Metallic Minerals
Coal
Others
By ProcessÂ
Underground Mining Surface Mining
By Mining EquipmentÂ
â˘Â  Drill Rigs
â˘Â  Bolters
â˘Â  Dozers
â˘Â  Loaders
By Energy Source
1 BatteryÂ
 Lithium-Ion Battery
 Lead Acid BatteryÂ
 Others
2 Hydrogen Fuel Cell
3 Bio-FuelÂ
By RegionÂ
North America - U.S., Canada, and Mexico
Europe - Germany, Russia, Sweden, Spain, and Rest-of-Europe
China
U.K.
Download the report and get more information @ 2 D Materials MarketÂ
.Major Key Players Â
â˘Â  NanoXplore Inc.
â˘Â  Cabot Corporation
â˘Â  Thomas Swan & Co. Ltd.
â˘Â  Ossila Ltd
â˘Â  ACS Material LLC
Download the sample page click here @ 2 D Materials MarketÂ
Demand â Drivers and Limitations
The following are the demand drivers for the global 2D materials market:
â˘Â  Growing adoption of 2D materials in energy storage â˘Â  Strong growth of 2D materials in the healthcare industry â˘Â  Growing demand for transparent conductive films in electronics industry
The market is expected to face some limitations as well due to the following challenges:
â˘Â  Lack of large-scale production of high-quality graphene â˘Â  High cost of production
Recent Developments in the Global 2D Materials Market
⢠In September 2021, Colloids Limited introduced a new infrastructure for customized polymeric materials using its ground-breaking graphanced graphene masterbatch advanced technologies. Due to its extraordinary qualities, graphene has attracted a lot of attention. Additionally, it has exceptional mechanical characteristics as well as superior thermal and electrical permeability.
⢠In December 2021, Black Swan Graphene Inc. signed a legally enforceable letter of intent to purchase Dragonfly Capital Corp., in a backward merger agreement for $31.5 million. On December 13, 2021, Black Swan Graphene Inc. and Dragonfly Capital Corp. agreed to exchange shares in an opposite merger transaction. Stockholders of Black Swan would then obtain 15.2 consideration shareholdings for every ordinary Black Swan share they own.
Challenges in the 2D Materials Market
Despite the excitement surrounding 2D materials, there are notable challenges that the industry must overcome:
Scalability of Production: Producing high-quality 2D materials at scale remains a challenge. Researchers are exploring various methods, such as chemical vapor deposition (CVD), but the cost and complexity of manufacturing must be addressed for widespread adoption.
Integration into Existing Technologies: For 2D materials to be fully integrated into mainstream applications, they must seamlessly work with existing materials and processes. Compatibility issues with traditional manufacturing methods could slow down the transition.
Cost of Raw Materials and Processing: Currently, the cost of producing 2D materials is relatively high. Developing cost-effective manufacturing techniques is crucial for making these materials economically viable.
The Future of 2D Materials
As the 2D materials market continues to evolve, we are likely to see a wave of disruptive innovations across multiple sectors. With ongoing research, improved production techniques, and increasing investment, these materials could fundamentally reshape industries ranging from electronics to energy and healthcare.
While challenges remain, the unique properties of 2D materials offer unprecedented opportunities for technological advancement. The next few years will be crucial in determining how quickly and effectively these materials can be integrated into real-world applications, but one thing is certain: 2D materials are poised to revolutionize the future of advanced materials.
Key QuestionsÂ
Q What are the main bottlenecks for scaling up 2D materials, and how can they be overcome?
Q Â Where do you see the greatest need for additional R&D efforts?
Q How does the supply chain function in the global 2D materials market for end users?
Q Â What are the key business and corporate strategies of 2D material manufacturers involved in the global 2D materials market?
Q What are the advantages of the emerging 2D materials that are entering the market, and how are they used in various applications?
Q Which applications (by end user) and products (by material type) segments are leading in terms of consumption of the 2D materials market, and which of them are expected to witness high demand growth during 2022-2031?
QÂ Which regions and countries are leading in terms of consumption of the global 2D materials market, and which of them are expected to witness high demand growth during 2021-2031?Â
Q What are the most promising opportunities for furthering the efficiency of 2D materials?
Q How has COVID-19 impacted the 2D materials market across the globe?
Q How the semiconductor crisis impacted the 2D materials market?
ConclusionÂ
The 2D materials market is set to grow exponentially as more industries recognize the potential of these atom-thin materials. With ongoing advancements in production techniques, new discoveries of 2D materials, and innovative applications across sectors, the future looks incredibly promising.Â
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Steel MarketâââForecast(2024â2030)
Steel MarketâââOverview
Steel Market Report Coverage
For More
The report: âSteel IndustryâââForecast (2024â2030)â, by IndustryARC covers an in-depth analysis of the following segments of the Steel Market Report.
By Type: Carbon Steel, (Low Carbon Steel, Medium Carbon Steel, High Carbon Steel), Stainless Steel (Austenitic Stainless Steels, Ferritic Stainless Steels, Martensitic Stainless Steels, Precipitation Hardening Grade Stainless Steels, Duplex Stainless Steels), Alloy Steel (Chromium Molybdenum Steel, Nickel-Chromium-Molybdenum Steel, Chromium Vanadium Steel, HSLA -Nickel-Chromium-Molybdenum Steel), Tool Steel (Water-hardening tool steels, Shock-resisting tool steels, Cold-work tool steels, Hot-work steels, High-speed tool steels, Others), Others
By Form: Bar, Rod, Tube, Pipe, Plate, Sheet, Structural, Others
By Application: Transportation (Road, Bridges, Barriers, Rail, Tracks, Rail Cars), Construction (Cool Metal (infrared reflecting) Roofing, Purlins, Beams, Pipe, Recyclable steel framing (studs), Desks/Furniture), Packaging (Canes, Bottles, Others), Water Projects (Levees/Dams/Locks), Energy (Renewable, Nuclear, Bio-fuels, Fossil, Electric Grid), Others
By Industry: Construction (Steel Skeletons, Concrete Walls, Pillars, Nails, Bolts, Screws, Others), Machinery (Bulldozers, Backhoe Leaders, Pipelayers, Others), Automotive and Transportation (Exhaust, Trim/Decorative, Engine, Chassis, Fasteners, Tubing For Fuel Lines), Kitchenware and Domestic Appliances (Small Household Appliances, Black Home Appliances, White Home Appliances), Electrical and Electronics (Motor Mount Brackets, Adapter Plates, Electronic Frames and Chassis, Brackets, Others), Healthcare (Orthopaedic Implants, Artificial Heart Valves, Bone Fixation, Catheters, Others), Energy (Scrubbers, Heat Exchangers, Others)
By Region: North America, South America, Europe, Asia-Pacific and Rest of the World
Inquiry Before BuyingÂ
Key Takeaways
⢠The Asia-Pacific region, particularly China, has been a dominant force in the global steel market with a share of 63% in 2023, owing to Chinaâs rapid industrialization and urbanization have driven substantial demand for steel in the construction, infrastructure, and manufacturing sectors.
⢠Government infrastructure spending, particularly in major economies, plays a significant role in driving steel demand. Large-scale infrastructure projects, such as bridges, railways, and urban development initiatives, can create substantial demand for steel products.
For More Details on This ReportâââRequest for Sample
Steel Market Segment AnalysisâââBy Type
In terms of type, the Steel Market is segmented into carbon steel, stainless steel, alloy steel, tool steel and others. In 2023, the Stainless-steel segment generated the greatest revenue of $361.94 billion and is projected to reach a revenue of $482.28 billion by 2030. Owing to the various benefits posed by stainless steel such as corrosion resistance, high and low temperature resistance, the ease of fabrication, strength, aesthetic appeal is one of the key factors for its adoption among various end-use industries, which in turn is boosting its market growth. The stainless-steel segment can be further classified as Austenitic stainless steels, Ferritic stainless steels, Martensitic stainless steels, Precipitation hardening grade stainless steel and Duplex stainless steels.
Steel Market Segment AnalysisâââBy Form
By form, the steel market is segmented into bar, rod, tube, pipe, plate, sheet, structural and others. The bar segment accounted for the major market share in 2023, with a revenue of $554.58 billion, and is forecast to grow at a CAGR of 4.68% by 2030. The increasing demand for steel bar from various end-user industries such as building and construction, bridges, and many others, are driving the growth of the segment during the forecast period of 2024â2030.
Steel Market Segment AnalysisâââBy Application
Steel Market is segmented by its application that includes transportation, construction, packaging, water projects, energy and others. The energy segment held the dominant market share, 31% of the whole market, in 2023, and is expected to maintain its dominance by 2030 with a CAGR of 4.69%. One of the major factors for the segment growth is the increasing awareness and focus towards renewable energy sources. Steel plays a crucial role in producing and distributing energy as well as improving energy efficiency. Renewable energy is further classified as Wind Towers and Foundation, Wind Turbines and Solar Parabolic Mirror Supports & Collectors.
Steel Market Segment AnalysisâââBy Industry
The Steel finds its application across the industries such as construction, machinery, automotive and transportation, kitchenware and domestic appliance, electrical and electronics, healthcare, energy and others. Among them, the construction segment is the largest consumer of steel, as bearable structures can be manufactured easily at a low cost. The property of steel in its various forms and alloys makes it more flexible to cater the exclusive projects integrated with infrastructure. Moreover, the rapid industrialization and urbanization in various developing countries are fueling the segment growth in strengthening its dominant market position during the forecast period.
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Steel Market Segment AnalysisâââBy Geography/Country
The report comprises of the region wise study of the global market including North America, South America, Europe, Asia-Pacific and Rest of the World. Above all, Asia-Pacific region held the biggest share in 2023, up to 63% of the whole steel market owing to the rapidly expanding defense, machinery, automotive, and shipbuilding industries in the countries such as India, China, South Korea, and Japan. Foreign direct investment in energy and infrastructure is likely to provide opportunities for the market vendors. Coupled with favorable government regulations, growing infrastructure and construction activities in developing economies of the Asia-Pacific region are boosting the demand for the market.
Steel MarketâââDrivers
Growing Demand for Steel Across the Various Regions
Several factors have a significant impact on the overall development of the steel market. The major growth factor driving the Steel Market is the growing demand for steel across a variety of developing regions. For instance, Global crude steel production in January-November 2023 reached 1715.12 million metric tons, marking a marginal 0.5% year-on-year growth, per provisional data from the World Steel Association. November 2023 saw a production of 145.5 million metric tons, up by 3.3% from the previous year. China led the production with 952.14 million metric tons, followed by India and Japan, USA, Russia, South Korea, and Germany.
Construction and Infrastructure Development:
Construction activities, including residential, commercial, and infrastructure projects such as roads, bridges, and railways, are major drivers of steel demand. Urbanization and industrialization also contribute to the growth of the construction sector, thereby increasing the demand for steel products. For instance, as per Green Finance & Development Center, China Belt and Road Initiative (BRI) Investment Report 2023, engagement totalled about USD88.3 billion, with USD44.6 billion from investment and USD43.7 billion from construction contracts. Also, The US Department of Transportation allocates $3.2 billion in extra funding, alongside $4.3 billion from the Bipartisan Infrastructure Law for 2023. The Budget prioritizes $4.5 billion for the Capital Investment Grant program, aiming to bolster transit infrastructure for economic growth. As a result, the steel market is anticipated to thrive, propelled by heightened construction activities and the need for durable materials, reflecting a promising outlook for the industry.
Steel Market -Challenges
Environmental Regulations and Sustainability
The steel industry is facing mounting pressure to tackle environmental issues by cutting carbon emissions and enhancing sustainability efforts. Meeting stringent environmental regulations demands substantial investments in technology and infrastructure, presenting a formidable challenge for many companies. Despite the financial hurdles, embracing these changes can pave the way for a more sustainable and eco-friendly future for the industry.
Steel MarketâââCompetitive Landscape
The companies referred in the study include Baosteel Co., Ltd., Posco Holding Inc, Nippon Steel Corporation, JFE Holdings, Tata Steel Limited, United States Steel Corporation, Anshan Iron and Steel Group Corporation, Hyundai Steel Co., Ltd., ThyssenKrupp AG, ArcelorMittal S.A., among others. Technology launches, acquisitions, and R&D activities are key strategies adopted by the key players in the Steel Market.
Steel MarketâââRecent Developments
November 2022, Tata Steel launched the fourth edition of MaterialNEXT, focusing on âMaterials to Wonder.â This open innovation event aims to gather ideas on emerging materials and their applications. The program spans five months across Idea Selection, Development, and Evaluation stages, fostering collaboration among scientists, researchers, and startups.
May 2022, Kobe Steel introduced âKobenable Steel,â Japanâs pioneering low CO2 blast furnace steel, aiming to curtail emissions during ironmaking. Utilizing innovative CO2 Reduction Solution technology, it plans to roll out the product this fiscal year, marking a milestone in sustainable steel production.
In June 2023, Nippon Steel introduces ZEXEED⢠Checkered Sheet, a new addition to its high corrosion resistant coated steel series
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Lithium Ion Battery Conductive Agent Market Trends and Future Growth Assessment 2024 - 2032
The lithium-ion battery conductive agent market is an essential segment of the battery manufacturing industry, driven by the increasing demand for efficient energy storage solutions across various applications. As the world moves towards sustainable energy and electric mobility, the role of conductive agents in enhancing the performance and longevity of lithium-ion batteries becomes crucial. This article delves into the lithium-ion battery conductive agent market, exploring its significance, current trends, key players, challenges, and future outlook.
Understanding Lithium Ion Battery Conductive Agents
The lithium-ion battery conductive agent market is poised for significant growth as the demand for efficient and high-performance energy storage solutions rises globally. With advancements in technology and a growing emphasis on sustainable practices.
What Are Conductive Agents?
Conductive agents are materials added to the electrode formulations of lithium-ion batteries to improve electrical conductivity. They play a vital role in facilitating electron transport within the battery, thereby enhancing its overall performance. Common conductive agents used in lithium-ion batteries include carbon black, graphite, and conductive polymers.
Importance of Conductive Agents
Enhanced Conductivity: Conductive agents improve the electrical conductivity of the electrode materials, ensuring efficient electron flow during charging and discharging.
Increased Capacity: By optimizing the electrode structure, conductive agents contribute to higher energy density and capacity of lithium-ion batteries.
Longer Cycle Life: Effective conductive agents help maintain the structural integrity of electrodes, leading to longer battery life and durability.
Improved Performance: The right combination of conductive agents can significantly enhance the overall performance of lithium-ion batteries, making them more suitable for demanding applications.
Market Overview
Current Market Trends
The lithium-ion battery conductive agent market is experiencing robust growth, driven by several key trends:
Surge in Electric Vehicle Demand: The rapid adoption of electric vehicles (EVs) is increasing the demand for high-performance lithium-ion batteries, thereby boosting the conductive agent market.
Growth of Renewable Energy Storage: As renewable energy sources such as solar and wind become more prevalent, the need for efficient energy storage solutions is rising, further driving the demand for lithium-ion batteries.
Technological Advancements: Innovations in conductive agent materials and formulations are enhancing battery performance, leading to greater adoption in various applications.
Regional Analysis
North America: The North American market is witnessing significant growth, supported by a strong focus on electric vehicle development and advanced battery technologies.
Europe: Europe is a leader in the adoption of lithium-ion batteries, driven by stringent emissions regulations and a growing emphasis on renewable energy.
Asia-Pacific: The Asia-Pacific region, particularly China, is the largest market for lithium-ion batteries, fueled by rapid industrialization and increasing investments in electric mobility.
Key Players in the Market
Major Manufacturers
Cabot Corporation: A global leader in specialty chemicals, Cabot produces a range of conductive agents, including carbon black and graphite for lithium-ion batteries.
Imerys S.A.: Imerys is a key player in mineral-based solutions, offering conductive materials that enhance battery performance.
Mitsubishi Chemical Corporation: Known for its innovative materials, Mitsubishi Chemical provides conductive agents designed to improve the efficiency and longevity of lithium-ion batteries.
Toray Industries, Inc.: Toray specializes in advanced materials, including conductive carbon materials used in lithium-ion batteries.
Competitive Landscape
The competitive landscape of the lithium-ion battery conductive agent market is characterized by ongoing innovation and strategic partnerships. Companies are focusing on research and development to enhance their product offerings and meet the evolving needs of the battery industry.
Challenges Facing the Market
Raw Material Price Volatility
The prices of raw materials used in conductive agents, such as carbon and graphite, can be highly volatile, impacting overall production costs and profitability.
Regulatory Compliance
Meeting stringent environmental and safety regulations can pose challenges for manufacturers, requiring continuous adaptation and compliance efforts.
Technological Limitations
While advancements are being made, the performance of conductive agents can still be limited by factors such as particle size, morphology, and dispersion in the electrode matrix.
Future Outlook
Growth Opportunities
The future of the lithium-ion battery conductive agent market appears promising, with several opportunities for expansion:
Innovative Materials Development: The exploration of new conductive materials, such as graphene and carbon nanotubes, could enhance battery performance and create new market opportunities.
Integration with Next-Gen Batteries: As the industry shifts towards next-generation battery technologies, such as solid-state batteries, there will be a need for advanced conductive agents tailored to these applications.
Sustainability Initiatives: Increasing focus on sustainable production practices and recycling initiatives can drive the demand for environmentally friendly conductive agents.
Conclusion
Conductive agents will continue to play a critical role in enhancing the performance and longevity of lithium-ion batteries. As manufacturers innovate and address challenges, the adoption of conductive agents is expected to rise, shaping the future of the energy storage industry.
#Lithium Ion Battery Conductive Agent Market Size#Lithium Ion Battery Conductive Agent Market Trend#Lithium Ion Battery Conductive Agent Market Growth
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Steel Market - Forecast(2024 - 2030)
Steel Market - Overview
The Steel market is analyzed to be $1,746.35 billion in 2023 and is projected to reach $2,105 billion in 2030. The market is estimated to grow with a CAGR of 4.13% during 2024-2030. Steel is an alloy that is made up of iron ore or scrap steel and carbon. In general, steels have various unique properties including being non-corrosive, rust-resistant and heavier than other metals such as aluminum. Therefore, steel is extensively used in various end-use industry verticals, including the manufacturing various transportation and automobile components, medical equipment, metal surgical implants, structural components and more, which in turn is boosting its market growth. In recent years, the steel market has experienced fluctuations driven by several factors. One significant trend in the steel market is the impact of trade policies and tariffs. Trade tensions between major steel-producing nations, such as the United States, China, and the European Union, have led to shifts in supply chains and pricing dynamics. Tariffs imposed on steel imports have affected the competitiveness of domestic producers and influenced global trade patterns. Additionally, sustainability concerns and environmental regulations have influenced market dynamics. Increasing awareness of carbon emissions and the environmental footprint of steel production has led to a growing demand for greener steel products. This has prompted investments in cleaner production technologies such as electric arc furnaces and the development of recycled steel. Moreover, technological advancements and innovations in steel manufacturing processes have enhanced efficiency and product quality. As a result, the steel market is poised for sustained growth as global economic recovery accelerates, with innovations in technology and sustainability shaping future trends.
Steel Market Report Coverage
The report: âSteel Industry â Forecast (2024-2030)â, by IndustryARC covers an in-depth analysis of the following segments of the Steel Market Report.Â
By Type:Â Carbon Steel, (Low Carbon Steel, Medium Carbon Steel, High Carbon Steel), Stainless Steel (Austenitic Stainless Steels, Ferritic Stainless Steels, Martensitic Stainless Steels, Precipitation Hardening Grade Stainless Steels, Duplex Stainless Steels), Alloy Steel (Chromium Molybdenum Steel, Nickel-Chromium-Molybdenum Steel, Chromium Vanadium Steel, HSLA -Nickel-Chromium-Molybdenum Steel), Tool Steel (Water-hardening tool steels, Shock-resisting tool steels, Cold-work tool steels, Hot-work steels, High-speed tool steels, Others), Others
By Form:Â Bar, Rod, Tube, Pipe, Plate, Sheet, Structural, Others
By Application:Â Transportation (Road, Bridges, Barriers, Rail, Tracks, Rail Cars), Construction (Cool Metal (infrared reflecting) Roofing, Purlins, Beams, Pipe, Recyclable steel framing (studs), Desks/Furniture), Packaging (Canes, Bottles, Others), Water Projects (Levees/Dams/Locks), Energy (Renewable, Nuclear, Bio-fuels, Fossil, Electric Grid), Others
By Industry:Â Construction (Steel Skeletons, Concrete Walls, Pillars, Nails, Bolts, Screws, Others), Machinery (Bulldozers, Backhoe Leaders, Pipelayers, Others), Automotive and Transportation (Exhaust, Trim/Decorative, Engine, Chassis, Fasteners, Tubing For Fuel Lines), Kitchenware and Domestic Appliances (Small Household Appliances, Black Home Appliances, White Home Appliances), Electrical and Electronics (Motor Mount Brackets, Adapter Plates, Electronic Frames and Chassis, Brackets, Others), Healthcare (Orthopaedic Implants, Artificial Heart Valves, Bone Fixation, Catheters, Others), Energy (Scrubbers, Heat Exchangers, Others)
By Region:Â North America, South America, Europe, Asia-Pacific and Rest of the World
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Key Takeaways
â˘Â The Asia-Pacific region, particularly China, has been a dominant force in the global steel market with a share of 63% in 2023, owing to China's rapid industrialization and urbanization have driven substantial demand for steel in the construction, infrastructure, and manufacturing sectors.
â˘Â Government infrastructure spending, particularly in major economies, plays a significant role in driving steel demand. Large-scale infrastructure projects, such as bridges, railways, and urban development initiatives, can create substantial demand for steel products.
â˘Â The automotive sector is a significant consumer of steel, particularly in the production of vehicles. Changes in consumer demand for automobiles, as well as shifts towards electric vehicles which may use different materials, can impact steel demand in this sector.
Steel Market Segment Analysis â By TypeÂ
In terms of type, the Steel Market is segmented into carbon steel, stainless steel, alloy steel, tool steel and others. In 2023, the Stainless-steel segment generated the greatest revenue of $361.94 billion and is projected to reach a revenue of $482.28 billion by 2030. Owing to the various benefits posed by stainless steel such as corrosion resistance, high and low temperature resistance, the ease of fabrication, strength, aesthetic appeal is one of the key factors for its adoption among various end-use industries, which in turn is boosting its market growth. The stainless-steel segment can be further classified as Austenitic stainless steels, Ferritic stainless steels, Martensitic stainless steels, Precipitation hardening grade stainless steel and Duplex stainless steels.Â
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Steel Market Segment Analysis â By FormÂ
By form, the steel market is segmented into bar, rod, tube, pipe, plate, sheet, structural and others. The bar segment accounted for the major market share in 2023, with a revenue of $554.58 billion, and is forecast to grow at a CAGR of 4.68% by 2030. The increasing demand for steel bar from various end-user industries such as building and construction, bridges, and many others, are driving the growth of the segment during the forecast period of 2024-2030.
Steel Market Segment Analysis â By ApplicationÂ
Steel Market is segmented by its application that includes transportation, construction, packaging, water projects, energy and others. The energy segment held the dominant market share, 31% of the whole market, in 2023, and is expected to maintain its dominance by 2030 with a CAGR of 4.69%. One of the major factors for the segment growth is the increasing awareness and focus towards renewable energy sources. Steel plays a crucial role in producing and distributing energy as well as improving energy efficiency. Renewable energy is further classified as Wind Towers and Foundation, Wind Turbines and Solar Parabolic Mirror Supports & Collectors.Â
Steel Market Segment Analysis â By Industry
The Steel finds its application across the industries such as construction, machinery, automotive and transportation, kitchenware and domestic appliance, electrical and electronics, healthcare, energy and others. Among them, the construction segment is the largest consumer of steel, as bearable structures can be manufactured easily at a low cost. The property of steel in its various forms and alloys makes it more flexible to cater the exclusive projects integrated with infrastructure. Moreover, the rapid industrialization and urbanization in various developing countries are fueling the segment growth in strengthening its dominant market position during the forecast period.
Steel Market Segment Analysis - By Geography/CountryÂ
The report comprises of the region wise study of the global market including North America, South America, Europe, Asia-Pacific and Rest of the World. Above all, Asia-Pacific region held the biggest share in 2023, up to 63% of the whole steel market owing to the rapidly expanding defense, machinery, automotive, and shipbuilding industries in the countries such as India, China, South Korea, and Japan. Foreign direct investment in energy and infrastructure is likely to provide opportunities for the market vendors. Coupled with favorable government regulations, growing infrastructure and construction activities in developing economies of the Asia-Pacific region are boosting the demand for the market.
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Steel Market - DriversÂ
Growing Demand for Steel Across the Various Regions
Several factors have a significant impact on the overall development of the steel market. The major growth factor driving the Steel Market is the growing demand for steel across a variety of developing regions. For instance, Global crude steel production in January-November 2023 reached 1715.12 million metric tons, marking a marginal 0.5% year-on-year growth, per provisional data from the World Steel Association. November 2023 saw a production of 145.5 million metric tons, up by 3.3% from the previous year. China led the production with 952.14 million metric tons, followed by India and Japan, USA, Russia, South Korea, and Germany.Â
Construction and Infrastructure Development:
Construction activities, including residential, commercial, and infrastructure projects such as roads, bridges, and railways, are major drivers of steel demand. Urbanization and industrialization also contribute to the growth of the construction sector, thereby increasing the demand for steel products. For instance, as per Green Finance & Development Center, China Belt and Road Initiative (BRI) Investment Report 2023, engagement totalled about USD88.3 billion, with USD44.6 billion from investment and USD43.7 billion from construction contracts. Also, The US Department of Transportation allocates $3.2 billion in extra funding, alongside $4.3 billion from the Bipartisan Infrastructure Law for 2023. The Budget prioritizes $4.5 billion for the Capital Investment Grant program, aiming to bolster transit infrastructure for economic growth. As a result, the steel market is anticipated to thrive, propelled by heightened construction activities and the need for durable materials, reflecting a promising outlook for the industry.
Steel Market -Challenges
Environmental Regulations and Sustainability
The steel industry is facing mounting pressure to tackle environmental issues by cutting carbon emissions and enhancing sustainability efforts. Meeting stringent environmental regulations demands substantial investments in technology and infrastructure, presenting a formidable challenge for many companies. Despite the financial hurdles, embracing these changes can pave the way for a more sustainable and eco-friendly future for the industry.
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Steel Market - Competitive Landscape
The companies referred in the study include Baosteel Co., Ltd., Posco Holding Inc, Nippon Steel Corporation, JFE Holdings, Tata Steel Limited, United States Steel Corporation, Anshan Iron and Steel Group Corporation, Hyundai Steel Co., Ltd., ThyssenKrupp AG, ArcelorMittal S.A., among others. Technology launches, acquisitions, and R&D activities are key strategies adopted by the key players in the Steel Market.Â
Steel Market - Recent Developments
November 2022, Tata Steel launched the fourth edition of MaterialNEXT, focusing on 'Materials to Wonder.' This open innovation event aims to gather ideas on emerging materials and their applications. The program spans five months across Idea Selection, Development, and Evaluation stages, fostering collaboration among scientists, researchers, and startups.
May 2022, Kobe Steel introduced "Kobenable Steel," Japan's pioneering low CO2 blast furnace steel, aiming to curtail emissions during ironmaking. Utilizing innovative CO2 Reduction Solution technology, it plans to roll out the product this fiscal year, marking a milestone in sustainable steel production.
In June 2023, Nippon Steel introduces ZEXEED⢠Checkered Sheet, a new addition to its high corrosion resistant coated steel series
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Carbon Black Market Professional Survey and In-depth Analysis Research Report Forecast to 2030
Carbon Black Industry Overview
The global carbon black market size was valued at USD 22.35 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030.
Rising product usage in the production of plastics is anticipated to drive growth. Moreover, the rising usage of these plastics in electrical and electronic components will boost product demand. It is produced either by thermal decomposition or partial combustion method, which includes oil or natural gas as a feedstock. It is produced by four different processes, which are the furnace black process, channel process, acetylene black process, and Lampblack process.
Gather more insights about the market drivers, restrains and growth of the Carbon Black Market
Growing environmental concerns coupled with the developing automotive industry is expected to drive the growth of the U.S. market. The refurbishing trend has resulted in increased demand for high-performance coatings in automotive as well as other industries, such as marine, aerospace, and industrial.
The product helps improve the strength and longevity of tires by providing better abrasion resistance and tensile strength. Also, growing construction and manufacturing sectors utilizing industrial rubber and equipment are anticipated to positively impact the demand over the forecast period.
Carbon black market prices are mainly based on raw materials, auxiliary materials, and utilities. The crude oil price fluctuation has a major impact on the pricing of carbon black. Some other macro-level factors influencing the price include working capital and pre-operational costs. The installation and setup, capitalized interests, project engineering and management, and commissioning costs are included under the pre-occupational costs.
Carbon black is formed by incomplete combustion of different petroleum-based constituents. It is an essential component for a range of end-use applications such as consumer goods, automobiles, appliances, electronics, and others. Since it is a petroleum-derived product the manufacturers rely on sourcing their key raw materials at the right prices with no supply hindrance. Raw materials are critically selected by the manufacturers depending on their product quality, offering price, product portfolio holding, and market accessibility.
Browse through Grand View Research's Petrochemicals Industry Research Reports.
⢠The global diesel exhaust fluid market size was valued at USD 36.66 billion in 2023 and is projected to grow at a CAGR of 7.9% from 2024 to 2030.
⢠The global bromobenzene market size was estimated at USD 1,228.8 million in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.
Global Carbon Black Market Report Segmentation
This report forecasts revenue and volume growth at the global, regional, and country levels and provides a carbon black market analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global carbon black market report based on type, application, grade, and region:
Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Furnace Black
Channel Black
Thermal Black
Acetylene Black
Others
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Tire
Non- tire Rubber
Plastics
Inks & Coatings
Others
Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Standard Grade
Specialty Grade
Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Asia Pacific
China
Japan
India
Indonesia
Malaysia
Thailand
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
Key Companies & Market Share Insights
Key companies are adopting several organic and inorganic growth strategies, such as capacity expansion, mergers & acquisitions, and joint ventures, to maintain and expand their market share.
In June 2023, Bridgestone Corporation announced the commencement of the development of tire-derived oil and recovered carbon black via pyrolysis of worn tires with the help of test units established at the Bridgestone Innovation Park in Tokyo. This is aimed at encouraging the social deployment of chemical recycling technologies that allow the efficient pyrolysis of worn tires.
In April 2023, Orion Engineered Carbons announced the implementation of its new cogeneration technology producing renewable energy in its Ivanhoe plant (Louisiana, U.S.). The system comprises a steam turbine generator, which ingests the waste steam from the production process of the carbon black plant and alters it to electricity.
In March 2023, Tokai Carbon Co., Ltd. entered into a strategic partnership with Sekisui Chemical Co., Ltd., for the real-world application of the Carbon Capture and Utilization (CCU) technology. This deal was aimed at manufacturing varied carbon products and materials for the capture and storage of carbon dioxide (CO2) as solid carbon.
Key Carbon Black Companies:
Orion Engineered Carbons Holdings GmbH
OMSK Carbon Group
Sid Richardson Carbon & Energy Co.
Tokai Carbon Co. Ltd.
Asahi Carbon Co. Ltd.
Ralson Goodluck Carbon
Atlas Organic Pvt. Ltd.
Continental Carbon Co.
OCI Company Ltd.
Birla Carbon
Bridgestone Corp.
Cabot Corp.
China Synthetic Rubber Corporation (CSRC)
Himadri Companies & Industries Ltd. (HCIL)
Mitsubishi Chemicals
Nippon Steel & Sumikin Chemical Co. Ltd.
Jiangxi Black Cat Carbon Black Inc.
Order a free sample PDF of the Carbon Black Market Intelligence Study, published by Grand View Research.
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Tolins Tires IPO Opens for Public Subscription, Check subscription status, GMP, review
The initial public offering (IPO) of Tolins Tires Ltd opened to the public on Monday, September 9. The company is looking to raise Rs 230 crore, with a price band set between Rs 215 to Rs 226 per share. By 11:15 am on the first day of bidding, the IPO was 0.59 times subscribed, receiving bids for 42,09,480 shares against the offered 71,23,894 shares. The non-institutional investors (NIIs) category was subscribed 0.16 times, while the retail individual investors (RIIs) segment was 1.11 times subscribed. Tolins Tires IPO: Key Dates - Public Subscription Period: The IPO is open from September 9 to September 11. - Allotment Finalization: Expected on September 12. - Listing Date: Shares will be listed on the BSE and NSE on September 16. Tolins Tires IPO Price Band The price band for Tolins Tires Ltd's Rs 230 crore IPO is set at Rs 215 to Rs 226 per share. Tolins Tires IPO GMP (Grey Market Premium) According to market watchers, unlisted shares of Tolins Tires Ltd are trading at a Rs 25 premium in the gray market, indicating an expected 11.06% listing gain. GMP reflects investor demand and changes based on market sentiment. Analystsâ Recommendations SMC Global provided a cautious recommendation, suggesting that investors with a âhigh-risk appetiteâ may consider the IPO due to the companyâs rapid growth. However, they noted that the tire manufacturing industry faces challenges related to the limited availability of raw materials like natural rubber and carbon black. At the upper price band, the stock is valued at a price-to-earnings multiple of 26.64 times its fiscal 2024 earnings per share (EPS) of âš8.48. Anchor Investors Tolins Tires Ltd raised Rs 69 crore from anchor investors on Friday, just ahead of the IPO. Investors include BofA Securities Europe SA, NAV Capital VCC, Chhatisgarh Investments, Ashika Global Securities, and others. A total of 30.53 lakh shares were allocated to these investors at Rs 226 per share, the highest price within the band. Tolins Tires IPO: Additional Details Tolins Tires' Rs 230 crore IPO includes a fresh issue of equity shares worth Rs 200 crore and an offer for sale (OFS) of shares totaling Rs 30 crore. The promoters, Kalamparamil Varkey Tolin and Jerin Tolin, will each sell shares worth Rs 15 crore through the OFS route. Currently, they hold 83.31% of the company. Out of the Rs 200 crore raised from the fresh issue: - Rs 75 crore will be used to increase the company's long-term working capital. - Rs 62.55 crore will be allocated for debt repayment. - Rs 24.36 crore will be invested in the companyâs subsidiary, Tolin Rubbers, to repay debt and support its working capital requirements. Investors can place bids for a minimum of 66 shares and in multiples thereafter. Company Overview Tolins Tires is a leading player in the tire and tread industry, exporting products to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. The IPO is being managed by Saffron Capital Advisors Pvt Ltd, the sole lead manager for the public issue. Read the full article
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HP PageWide Pro 477dw Price: Comprehensive Guide to Features, Value, and Best Deals
HP PageWide Pro 477dw Price: What You Need to Know
When considering a new printer for your office or home, the HP PageWide Pro 477dw is a model that often comes up in discussions. This printer is known for its speed, reliability, and energy efficiency. But, like any significant purchase, understanding the price and what influences it is crucial.
Understanding the HP PageWide Pro 477dw
Key Features
The HP PageWide Pro 477dw offers a range of features that make it stand out in the market. It includes a robust security system, versatile connectivity options, and high-yield cartridges that minimize the need for frequent replacements. Its standout feature is the PageWide technology, which ensures faster printing speeds without compromising quality.
Performance and Speed
One of the main selling points of the HP PageWide Pro 477dw is its impressive speed. It can print up to 55 pages per minute, making it one of the fastest printers in its category. This speed is particularly beneficial for businesses that require large volumes of prints in a short time.
Print Quality
While speed is important, print quality is equally crucial. The HP PageWide Pro 477dw does not disappoint in this area. It produces sharp, vibrant prints with consistent color accuracy, making it suitable for both text documents and high-quality images.
Energy Efficiency
In todayâs world, energy efficiency is a major consideration. The HP PageWide Pro 477dw is designed with this in mind. It uses significantly less energy than comparable laser printers, helping businesses reduce their carbon footprint and save on energy costs.
Pricing Overview
Average Market Price
The price of the HP PageWide Pro 477dw can vary depending on where you purchase it. On average, you can expect to pay between $400 and $700. This range takes into account factors such as retailer pricing strategies and any ongoing promotions or discounts.
Factors Affecting Price
Retailer Pricing
Different retailers may offer the HP PageWide Pro 477dw at varying prices. Some may include additional perks such as extended warranties or bundled accessories, which can influence the overall cost.
Geographic Location
Your location can also affect the price. For example, prices may be higher in regions where the printer is in higher demand or where shipping costs are substantial.
Availability of Discounts
Promotions and discounts can significantly reduce the price. Itâs not uncommon to find this printer on sale during major shopping events like Black Friday or Cyber Monday.
Comparing Prices with Competitors
Price vs. Features
When evaluating the HP PageWide Pro 477dw, it's essential to compare its price with the features it offers. While it may be more expensive than some models, the value it provides in terms of speed, print quality, and energy efficiency often justifies the cost.
Value for Money
In terms of value for money, the HP PageWide Pro 477dw is a solid investment. Its long-term savings on energy and ink costs, combined with its durability, make it a cost-effective choice over time.
Price Comparisons with Similar Printers
HP vs. Canon
When compared to similar models from Canon, the HP PageWide Pro 477dw often comes out ahead in terms of speed and energy efficiency, though Canon may offer slightly better photo print quality.
HP vs. Brother
In comparison with Brother printers, the HP PageWide Pro 477dw generally offers better print speeds and lower energy consumption, making it a better option for high-volume printing environments.
Where to Buy the HP PageWide Pro 477dw
Online Retailers
Amazon
Amazon frequently offers competitive prices on the HP PageWide Pro 477dw, along with the convenience of fast shipping and customer reviews to guide your purchase.
Best Buy
Best Buy is another popular option, often featuring exclusive deals or financing options for this printer model.
HPâs Official Store
Purchasing directly from HP can provide benefits like additional customer support and access to bundled deals that might not be available elsewhere.
Local Stores
For those who prefer to see the product in person before purchasing, local electronics or office supply stores may carry the HP PageWide Pro 477dw. Prices here may vary, but you might be able to negotiate or find in-store promotions.
Second-hand Options
If youâre looking to save money, second-hand options from sites like eBay or refurbished models from certified resellers can offer the HP PageWide Pro 477dw at a fraction of the cost.
Tips for Getting the Best Deal
Waiting for Sales
Patience can pay off when it comes to getting a good deal on the HP PageWide Pro 477dw. Waiting for sales events like Black Friday can lead to significant savings.
Checking for Coupons
Before making a purchase, it's always a good idea to search for any available coupons or promotional codes that can reduce the price.
Considering Refurbished Models
Refurbished models can be an excellent way to get the HP PageWide Pro 477dw at a reduced price while still benefiting from a warranty and guaranteed performance.
Conclusion
The HP PageWide Pro 477dw is a versatile and efficient printer that offers excellent value for its price. Whether youâre looking to make a one-time purchase or want to save on long-term printing costs, understanding the factors that influence its price can help you make an informed decision.
FAQs
Is the HP PageWide Pro 477dw worth its price?
hp pagewide pro 477dw price
Yes, the HP PageWide Pro 477dw offers a good balance of speed, print quality, and energy efficiency, making it worth the investment for many businesses and home offices.
How does the price of the HP PageWide Pro 477dw compare to other printers?
Compared to other printers in its category, the HP PageWide Pro 477dw is competitively priced, especially when considering its advanced features and low operational costs.
Where can I find the best deals on the HP PageWide Pro 477dw?
The best deals can often be found online, particularly on platforms like Amazon and during sales events at major retailers.
Are there any ongoing promotions for the HP PageWide Pro 477dw?
Promotions can vary, but it's always a good idea to check major retailers and HPâs official store for any current discounts or bundled offers.
Should I consider a refurbished HP PageWide Pro 477dw?
A refurbished model can be a great option if you're looking to save money while still getting a reliable printer. Just be sure to buy from a reputable source that offers a warranty.
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Data Bridge Market Research analyses that the color cosmetics market will witness a CAGR of 7.40% for the forecast period of 2022-2029. The report on the cosmetic antioxidants market examines the growth caused by an increase in the demand for natural antioxidants in cosmetic products. The market benefits from rising demand for natural antioxidants in cosmetic products, as well as increased research and development in this area.
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Global Thermal Carbon Black Products Market Size, Growth Rate, Industry opportunities 2024-2030
"Thermal Carbon Black Products" 2024 Breakdown, Data Source, Secondary Sources, Primary Sources, Research Report delivers leading competitors strategic analysis, with micro and macro-economic factors, market trends, future growth scenarios, with pricing analysis. This report provides a holistic overview on Market Current Situations, Key Collaborations, Merger & Acquisitions along with Trending Innovations and New Business Development Policies. A detailed professional report focusing on primary and secondary growth drivers, regional segments, growth share, and geographical analysis of top key players. Thermal Carbon Black Products trend analysis with historical data, estimates to 2024 and Compound Annual Growth Rate (CAGR) forecast to 2030.
Top Key Players Covered in Market Report 2024-2030:Orion Engineered Carbons SAăTokai Carbon (Cancarb)ăDenka Company LimitedăCancarbăCabot CorporationăAditya BirlaăJiangxi Black CatăContinental CarbonăPCBL LimitedăLongxing Chemical
Short Description of the Thermal Carbon Black Products 2024-2030: Market Overview of Global Thermal Carbon Black Products: According to our latest research, the global Thermal Carbon Black Products looks promising in the next 6 years. As of 2024, the global Thermal Carbon Black Products was estimated at USD Million, and itâs anticipated to reach USD Million in 2030, with a CAGR during the forecast years. This report covers a research time span from 2019 to 2029, and presents a deep and comprehensive analysis of the global Thermal Carbon Black Products, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region. Global and Regional Analysis: Â Â Â North America (United States, Canada and Mexico) Â Â Â Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Â Â Â Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) Â Â Â South America (Brazil, Argentina, Colombia, and Rest of South America) Â Â Â Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Market Segmentation Thermal Carbon Black Products report provides an exhaustive 360-degree analysis, by utilizing both primary and secondary research techniques. The research gained comprehensive insights into current market dynamics, pricing trends, developments, supply-demand and evolving consumer behaviors.
On the basis of product type, this report displays the production, revenue, price, market     Low Thermal     Medium Thermal     High Thermal
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each     Metallurgy     Rubber Goods Industry     Plastics Industry     Concrete     Insulation     Others
Inquire or Share Your Questions If Any before Purchasing This Report https://www.globalinforesearch.com/contact-us Our method for estimating market size is holistic and multifaceted. We assess vital industry trends, regulatory landscapes, and segment-specific dynamics, evaluating their potential influence on demand projections. Key macroeconomic factors, including price fluctuations, demographic shifts, and changes in demand patterns, are integrated into our calculations. To discover market value, we not only delve deep into the profiles of prominent players and their global market shares but also rely on our frequently updated internal database, enriched with insights and announcements from pivotal market stakeholders.
Some of the Key Questions Answered in this Report:
What is the Thermal Carbon Black Products size at the regional and country level
What are the key drivers, restraints, opportunities, and challenges of the Thermal Carbon Black Products, and how they are expected to impact the market
What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Thermal Carbon Black Products
Who are the global key manufacturers of the Thermal Carbon Black Products? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)
What are the Thermal Carbon Black Products opportunities and threats faced by the vendors in the Thermal Carbon Black Products?
Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
What focused approach and constraints are holding the Thermal Carbon Black Products?
What are the different sales, marketing, and distribution channels in the global industry?
What are the key market trends impacting the growth of the Thermal Carbon Black Products?
Economic Impact on the Thermal Carbon Black Products and development trend of the Thermal Carbon Black Products
What are the Thermal Carbon Black Products opportunities, market risk, and market overview of the Thermal Carbon Black Products
The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Hydrogen Bromide product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of Hydrogen Bromide, with price, sales, revenue and global market share of Hydrogen Bromide from 2019 to 2024. Chapter 3, the Hydrogen Bromide competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Hydrogen Bromide breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Thermal Carbon Black Products forecast, by regions, type and application, with sales and revenue, from 2025 to 2030. Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis. Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen Bromide. Chapter 14 and 15, to describe Hydrogen Bromide sales channel, distributors, customers, research findings and conclusion. Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
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Acetylene Black Market May Set New Growth Story
The Latest research coverage on North America and South America Acetylene Black Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns. Access Sample Report + All Related Graphs & Charts @: https://marketresearchforecast.com/report/north-america-and-south-america-acetylene-black-market-1297/sample-report
Major & Emerging Players in North America and South America Acetylene Black Market:- Asbury Carbons (U.S.),Orion S.A. (Luxembourg),Denka Company Limited (Japan),Jiaozuo City Hexing Chemical Industry Co. Ltd. (China),Ningxia Jinhua Chemical Co., Ltd. (China),Tianjin Yiborui Chemical Co., Ltd. (China),West Chemicals Co. (U.S.),HENAN JINHE INDUSTRY CO., LTD. (China),Imerys (France),Birla Carbon (Thailand) The North America and South America Acetylene Black Market Study by Market Research Forecast gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the North America and South America Acetylene Black Market. The North America and South America Acetylene Black Market size was valued at USD 28.4 USD Million in 2023 and is projected to reach USD 39.96 USD Million by 2032, exhibiting a CAGR of 5.0 % during the forecast period. Acetylene black is a brand of carbon black of technological requirement, being the variety of these needs treated by multiple industries throughout America's northern and southern parts. SBR is a reinforcer filler that improves mechanical properties including tensile, wear, and tear resistance. It comes in handy when manufacturing tires, auto components, and commercial rubber products. Black coal was classified according to the family types of channels black, furnace black, and thermal black depending on their specific properties and their industrial application. The customer trends show a high growth thereby the market being drivers soured by stringent regulations and sustainability in the automotive sector. With the advent of new and cleaner technologies, astute industry leaders become well-equipped to greatly improve the sustainability of the acetylene, while remaining on the lookout for new technologies and recycling methods. The Americas acetylene black market is hence bound for a steady and impressive growth in the years to come. The titled segments and sub-section of the market are illuminated below: by Type (Powder Form and Granular Form), by Application (Adhesives/Sealants/Coatings, Batteries, Rubber, Greases, Cosmetic & Personal Care, and Others), by North America (U. S., Canada), by South America (Brazil, Mexico, Rest of South America) Forecast 2024-2032 North America and South America Acetylene Black Trends:
Increase in demand from the rubber industry
Growing adoption of lithium-ion batteries
Rising demand for adhesives and sealants
Emerging Trends in North America and South America Acetylene Black:
Development of new grades of acetylene black
Increasing adoption of acetylene black in new applications
Growing focus on sustainability Enquire for customization in Report @:Â https://marketresearchforecast.com/report/north-america-and-south-america-acetylene-black-market-1297/enquiry-before-buy Some Point of Table of Content: Chapter One: Report Overview Chapter Two: Global Market Growth Trends Chapter Three: Value Chain of North America and South America Acetylene Black Market Chapter Four: Players Profiles Chapter Five: Global North America and South America Acetylene Black Market Analysis by Regions Chapter Six: North America North America and South America Acetylene Black Market Analysis by Countries Chapter Seven: Europe North America and South America Acetylene Black Market Analysis by Countries Chapter Eight: Asia-Pacific North America and South America Acetylene Black Market Analysis by Countries Chapter Nine: Middle East and Africa North America and South America Acetylene Black Market Analysis by Countries Chapter Ten: South America North America and South America Acetylene Black Market Analysis by Countries Chapter Eleven: Global North America and South America Acetylene Black Market Segment by Types Chapter Twelve: Global North America and South America Acetylene Black Market Segment by Applications What are the market factors that are explained in the North America and South America Acetylene Black Market report?
â Key Strategic Developments:Â Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
â Key Market Features:Â Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.â Analytical Tools:Â The analytical tools such as Porterâs five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market. Buy This Exclusive Research Here:Â https://marketresearchforecast.com/report/north-america-and-south-america-acetylene-black-market-1297/checkout?type=corporate Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market. Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia. Contact US : Craig Francis (PR & Marketing Manager) Market Research Forecast Unit No. 429, Parsonage Road Edison, NJ New Jersey USA â 08837 Phone: +1 201 565 3262, +44 161 818 8166 [email protected]
#Global Acetylene Black Market#North America and South America Acetylene Black Market Demand#Acetylene Black Market Trends#Acetylene Black Market Analysis#Acetylene Black Market Growth#Acetylene Black Market Share#Acetylene Black Market Forecast#Acetylene Black Market Challenges
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Recovered Carbon Black Market Size and Share Analysis
Recovered carbon black: A Sustainable Solution for the Rubber Industry Overview of Recovered carbon black
Recovered carbon black, also known as reprocessed or recycled carbon black, is obtained by pyrolysis or burning of used tires or other rubber products. This process helps recover carbon black particles that can then be utilized like regular carbon black in various products like tires, hoses, belts, footwear and other rubber goods. Recovery Process
The recovery process starts with collecting and sorting used tires and other rubber waste. This material is then cleaned, sized and fed into a rotary kiln, where it is heated to high temperatures in an oxygen-starved environment. This thermal decomposition breaks down the long polymer chains in rubber into shorter molecules like carbon black, oils, steel and gases. The carbon black is then separated, purified and prepared in various grades for marketing. Benefits of Using Recycled Carbon Black
Opting for Recovered carbon black provides several environmental and economic advantages over producing carbon black through conventional means: - Waste Reduction: It helps tackle the massive stockpiles of used and waste tires generated each year by finding a viable recycling option. This prevents the tires from ending up in landfills. - Resource Conservation: The recovery process conserves valuable fossil resources like oil that would otherwise be used for producing virgin carbon black. It supports the principles of a circular economy. - Carbon Emissions Cuts: As Recovered carbon black production involves burning of waste rubber instead of fossil fuels, it results in significantly lower carbon emissions compared to conventional processes. - Cost Effectiveness: With proper sorting and processing, Recovered carbon black can be offered at competitive rates versus standard carbon black. This makes it financially attractive for various rubber product manufacturers. Properties and Performance
Recovered carbon black maintains performance properties comparable to commonly used furnace and thermal types of carbon black. Various tests and case studies have shown that rubber articles vulcanized with recycled carbon black exhibit adequate strength, resistance and durability properties for their intended applications. Grades and Applications
Like standard carbon black, Recovered carbon black is also available in different graded targeted for specific rubber formulations and products: - Tire Grade Carbon Black: Used predominantly in tire tread compounds for its ability to enhance wear resistance and impart strength. - Technical Grade Carbon Black: Ideal for hoses, belts, seals due to balanced reinforcement and thermal properties. - Conductive Carbon Black: Facilitates discharge of static electricity in conveyor belts and other industrial rubber goods. Quality Standards and Certifications
To ensure consistent quality, major Recovered carbon black producers adhere to internationally recognized standards like ASTM D5603, D6630 and EN ISO 15817. Several facilities also hold certifications from accredited bodies under ISO 9001, ISO 14001 and RCAP programs recognizing their environment and safety performance. Current Market Dynamics
Globally, over 1.5 million tons of Recovered carbon black was produced in 2020, accounting for almost 4% of total carbon black output. Tire manufacturing remains the dominant end-use at present, but other non-tire rubber articles are increasingly adopting recycled alternative. As sustainability initiatives gain prominence, the demand and share for recovered carbon is estimated to rise much further in the rubber industry.
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Global Ready To Drink Tea Market - Forecast(2024 - 2030)
Global Ready to Drink Tea Market Overview
Global Ready to Drink Tea Market size is estimated to reach $38.9 billion by 2027, growing at a CAGR of 5.5% during the forecast period 2022-2027. Ready-to-drink tea falls under the category of already prepared beverages generally served in cold and hot form. Black tea and green tea are the two most frequently consumed types of RTD tea. Moreover, there is a variety of flavor options available in RTD tea such as fruit, lemon, herbal, spices, and others. During the industrialization preparation of ready-to-drink tea, chemical compounds like acidulants are added with the aim to reduce the overall pH level. Also, various herbs added to it to extend the properties of nutraceuticals. Besides extending appealing aroma and taste, this pre-made drink extends several health benefits as it is prepared according to the criteria of clean label standards. RTD tea has naturally occurring polyphenolic antioxidants that curb the risk of developing cancer. Moreover, green tea is scientifically proven to have anti-obesity and anti-diabetic properties. The global ready-to-drink tea market outlook is fairly enchanting as the popularity of pre-made tea is enlarging worldwide. Furthermore, appealing packaging, availability of a variety of flavors, rising health consciousness among people and ascending disposable income benefits which protect consumers from are factors set to drive the growth of the Global Ready to Drink Tea Market for the period 2022-2027.
Report Coverage
The report: âGlobal Ready to Drink Tea Market Forecast (2022-2027)â, by Industry ARC, covers an in-depth analysis of the following segments of the Global Ready to Drink Tea Market.
By Type:Â Bottled, RTD refrigerated tea, Instant tea mixes, and bagged tea.
By Flavor:Â Lemon, Fruit, Herbal, Spices, and others.
By Packaging:Â Cans, Plastic bottles, Glass containers, and others.
By Distribution Channel:Â Offline (Supermarkets/Hypermarkets, Convenience stores, and others), and online.
By End User:Â Households and Foodservice providers (cafes, restaurants, hotels, and others).
By Geography:Â North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
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Key Takeaways
Geographically, the Asia-Pacific Ready to Drink Tea Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027. The growth is owing to spiraling GDP per capita income, humungous population, and rising health cognizance among people.
Health-hitches linked with carbonated drinks, appealing packaging, strengthening retail channel networks, and health benefits accompanied by ready-to-drink tea are said to be preeminent drivers driving the growth of the Global Ready to Drink Tea Market. Harsh environmental conditions, strangled production attributed to the COVID-19, and high price compared to ordinary tea are said to reduce the market growth.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Ready to Drink Tea Market report.
Global Ready to Drink Tea Market Segment Analysis-By Distribution Channel
The Global Ready to Drink Tea Market based on the distribution channel can be further segmented into offline (supermarkets/hypermarkets, convenience stores, and others), and online. The offline segment held the largest share in 2021. High dependence of consumers on physical stores for FMCG products for their day-to-day lives. Moreover, consumers prefer buying in bulk so they can escape the hassle of going to shop every day which is not possible with online buying as e-commerce deliver most of the products separately. Also, one thing online platforms lack that modern retail outlets and traditional stores have in common is their across-the-board presence. Thus, still the first preference for billions of people living in rural and pastoral areas. Furthermore, the online segment is estimated to be the fastest-growing with a CAGR of 6.4% over the forecast period 2022-2027. This growth is owing to changing lifestyles of people. The COVID-19 outbreak has changed peoplesâ way of perceiving the world. To ensure safety consumers nowadays are looking for every single reason to avoid contact with others. On another hand, technological advancements, budding smartphone users, and advantages associated with e-commerce (round-the-clock access, time-saving, festival sales, doorstep delivery, return options, and others) are providing growth opportunities.
Global Ready to Drink Tea Market Segment Analysis-By End-User
The Global Ready to Drink Tea Market based on end-user can be further segmented into Households and Foodservice providers (cafes, restaurants, hotels, and others). The household segment held the largest share in 2021. The growth is owing to enlarging trend of healthy drinks like RTD tea among youngsters. Moreover, the non-availability of cafÊ services during widespread lockdowns to curb infection rates around the globe. However, the food service provider segment is estimated to be the fastest-growing with a CAGR of 6.3% over the forecast period 2022-2027. This growth is owing to the reopening of such hospitality venues. In addition to that, the trend of having tea and coffee in cafes is deeply indulged in the lives of millions of consumers living in high-income countries. Also, these hospitality venues provide a conducive atmosphere for spending quality time with loved ones, interacting with strangers, and clinching business deals.
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Global Ready to Drink Tea Market Segment Analysis-By Geography
The Global Ready to Drink Tea Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held the largest share with 39% of the overall market in 2021. The growth in this segment is owing to the factors such as the biggest tea-producing countries which include China, India, Vietnam, Sri Lanka, Indonesia, and Japan. Every year China produces nearly 2,400,000 tons of tea, whereas, India has over 900,000 tons annual production. Tea is already deeply rooted in Asian culture as it is consumed among billions of households to kick start the day. Therefore, the Asian population has a natural inclination toward ready-to-drink tea. Moreover, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to the mounting GDP per capita income of developing countries like China, Indonesia, and India. Thus, with expanding disposable income middle-class consumers have started reaching out to such products. In addition to that, rising health complications like obesity and diabetes with enlarging old-age population the overall demand for RTD tea has witnessed a sheer surge.
Global Ready to Drink Tea Market Drivers
Growing health attentiveness is Anticipated to Boost Market Demand.
Green tea is deemed to be a sound source with anti-obesity and anticancer properties as it is home to naturally occurring polyphenol antioxidants. Unsurprisingly, obesity is one of those health problems that has affected the quality of life of millions of individuals worldwide. According to a report by Harvard University, nearly 35-36 percent of the world population was obese in 2020. Likewise, the figure reached 36.2 percent in 2021. In addition to that, many island nations such as Nauru, Cook Island, Tonga, and others have more than 50 percent obesity rates. In addition to that, the numbers are anticipated to witness a rise owing to poor sedentary habits, poor ingestion, and little to no exercise. As a result, the demand for RTD tea is growing steadily.
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Augmenting GDP per capita of developing nations is Expected to Boost Market Demand.
The developing countries like India, China. Brazil, Indonesia, and others are becoming the new wealth center of the world as the exports of these nations are witnessing a sheer rise year after year. Owing to cheap labor, a massive network of quality expressways, skilled labor, and appealing government policies China has emerged as the biggest exporter worldwide. Chinaâs GDP per capita has recorded a sheer rise in the last decade and has reached over $12,551 in 2021. Similarly, Indonesiaâs GDP per capita income was whirling around $4,256 (nominal) in 2021 and is anticipated to reach nearly $5000 by 2023. On another hand, India is recording slow growth in terms of GDP per capita but the situation is likely to improve as it is projected that India will take over Japan to become 3rd largest economy in the world by the year 2030.
Global Ready to Drink Tea Market Challenges
Harsh environmental conditions, high price, and negatively impacted production are Anticipated to Hamper Market Growth.
Enlarging population, widescale CO2 emission, and rising global warming are resulting in extreme weather anomalies such as unexpected floods, widespread drought, changed season durations, torpedoes, and others with are not conducive for tea cultivation. According to NOAA's 2020 Annual Climate Report, the combined land and ocean temperature has increased at an average rate of 0.13 degrees Fahrenheit ( 0.08 degrees Celsius) per decade since 1880; however, the average rate of increase since 1981 (0.18°C / 0.32°F) has been more than twice that rate. As a result, it is posing a serious threat in front of the global ready-to-drink tea market. On another hand, compare to traditional tea, RTD is a bit expensive which may turn consumers aversive toward it, Also, negatively impacted production activities are resulting in a gap between demand and supply chain.
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Global Ready to Drink Tea Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Global Ready to Drink Tea top 10 companies include-
Suntory Holding
Coca-Cola Company
Sapporo Beverage
PepsiCo Inc.
NestlĂŠ S.A.
Unilever PLC.
Danone S.A.
The Republic of Tea
Snapple Beverage Co
Tata Global Beverages
Recent Developments
On July 27, 2021, Kolkata, India-based well-recognized tea supplier company âTata Teaâ announced that the company has successfully acquired London, United Kingdom-based teas company âTetley.â A payment of $450 million was made by Tata in order to bring the acquisition to a close. Tata has used leveraged buyout option to conclude the transaction.
On October 6, 2020, London, United Kingdom-based company âUnileverâ which is well-recognized for its supplements, foods, and tea announced that it has successfully acquired California, United States-based company âLiquid I.Vâ known for its health-science portfolio. The financials of the acquisition were kept closed. Also, the transaction strengthened the wellness products portfolio of Unilever.
On March 11, 2020, New York, United States-based renowned food and beverage company âPepsiCoâ announced that it has successfully acquired Nevada, United States-based company âRockstar Incâ Known for its non-alcoholic drinks. A payment of $3.85 billion was made by PepsiCo to bring the acquisition to a close.
#Global Ready To Drink Tea Market#Global Ready To Drink Tea Market size#Global Ready To Drink Tea industry#Global Ready To Drink Tea Market share#Global Ready To Drink Tea top 10 companies#Global Ready To Drink Tea Market report#Global Ready To Drink Tea industry outlook
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