Posts

Showing posts from May, 2021

Magnesium Market Analysis and Forecast by 2027, Fortune Business Insights

  The global magnesium market   is set to gain traction from the increasing demand for a safer alternative to lithium-ion batteries. Fortune Business Insights™presented this information in a new report, titled, “Magnesium Market Size, Share &COVID-19 Impact Analysis, By Application (Aluminum Alloying, Die Casting, Desulfurization, Metal Reduction, and Others) and Regional Forecast, 2020-2027.” The report further states that the market size was USD 4,115.0 million in 2019 and is projected to reach USD 5,928.1 million by 2027, exhibiting a CAGR of 5.4% during the forecast period. COVID-19 Pandemic: High Demand from Beverage Can Manufacturers to Boost Growth The COVID-19 pandemic has caused an abrupt halt in supply chains, production facilities, and raw material mining across the globe. Hence, a wide range of industries are struggling to keep up with regular revenues to sustain in the market. But, the demand for magnesium is set to surge owing to itsincreasing application in the

Caustic Soda Market to See High Growth in Forecast Year by 2027, Fortune Business Insights™

Image
The global   caustic soda market     is set to gain momentum from its increasing usage as awater treatmentchemical. It can absorb water and carbon dioxide and surge its pH level. This information is given by Fortune Business Insights™ in a new report, titled, “Caustic Soda Market Size, Share &COVID-19 Impact Analysis, By Application (Organics, Alumina, Soaps, Water Treatment, Food, Inorganics, Paper & Pulp, and Others), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 44,959.2 million in 2019 and is projected to reach USD 55,557.7 million by 2027, exhibiting a CAGR of 3.1% during the forecast period. COVID-19 Pandemic: Low Aircraft &Automobile Manufacturing to Obstruct Growth The demand for caustic soda experienced a decline amid the COVID-19 pandemic. As it is extensively used in chemical, pulp & paper, and water treatment industries globally, shortage of workforce and stringent lockdown measures affected their usage. Also,

Pharmaceutical Packaging Market Demand is Increasing Rapidly by 2027, Fortune Business Insights™

The global   pharmaceutical packaging market   size is expected to reach USD 153.93 billion by 2027, exhibit a CAGR of 6.4% during the forecast period.   The growing adoption of novel and generic drugs in developing countries will have an excellent impact on the global market, states Fortune Business Insights, in a report, titled “Pharmaceutical Packaging Market Size, Share & Industry Analysis, By Material(Plastics, Glass, Metal, Paper & Paperboard,), By Product (Plastic Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges,), By Packaging Type (Primary, Secondary, and Tertiary), By Drug Delivery Mode), and Regional Forecast, 2020-2027.” The market size stood at USD 90.23 Billion in 2019. The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sec

Beverage Cans Market Analysis and Forecast by 2027, Fortune Business Insights

Image
The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share &COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019. The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normal