Passive Fire Protection Market Business Growth, Development Factors& Forecast Report by 2028
The global passive fire protection market share is expected to gain momentum by reaching USD 5.4 billion by 2028 from USD 4.0 billion in 2021, while exhibiting a CAGR of 4.5% between 2021 to 2028. In its report titled, “Passive Fire Protection Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 3.8 billion in 2020.

The demand for fire protection systems is expected to increase with its increased demand in the oil & gas sector, where it helps in equipment protection and other offshore and onshore applications. Moreover, technological advancements and incessant exploration is expected to drive the market growth during the forecast period. Moreover, the rapid urbanization, construction activities, and technological & economic advancements would contribute significantly to the growth of the fire protection system sector.

Market Segmentation:

By product type, the market is divided into cementitious materials, intumescent coatings, fireproofing cladding, and others. By end-use industry, the market is segmented into oil & gas, infrastructure & construction, industrial, transportation, and others. The oil and gas segment held 34.1% and 32.5% in terms of share globally and in the U.S.

What does the Report Provide?

The market report provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the growth of the market.

Driving Factors

Rising Demand to Develop Fire-safe Infrastructure to Drive Market Growth

The demand for fire safety equipment has increased worldwide. For instance, the catastrophic event that occurred in August 2020 at the harbor of Beirut, Lebanon's capital, was heart-wrenching. The aftermath of this accident revealed that the explosion was caused due to nearby fire. The fire triggered 2750 tons of ammonium nitrate, which was one of the greatest non-nuclear explosions in human history. This catastrophe made people more aware of investing in fire safety systems. This is likely to boost the passive fire protection market growth in upcoming years.

Regional Insights

Asia Pacific to Dominate Backed by Increasing Consumption of Gold in the Region

North America is expected to remain at the forefront and hold the highest position in the market for passive fire protection during the forecast period owing to the rising awareness about fire safety and stringent rules by the government to have fire protection units in commercial as well as residential buildings. The region’s market stood at USD 2.13 billion in 2020.

Information Source:

https://www.fortunebusinessins....ights.com/passive-fi

Caps & Closures Market Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2026
The global caps & closures market growth is predicted to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period. The growing demand for lightweight packaged products will spur demand for caps & closures during the forecast period. Moreover, the growing demand for packaged drinking water, carbonated drinks, and cold-pressed juices will create business opportunities for the caps & closures market in the forthcoming years. The growing awareness regarding the physical properties of caps such as impact, stress, crack resistance along with odor restraining properties will impel companies to utilize caps and closures in the packaging, which in turn will boost the caps & closures market revenue in the foreseeable future.

According to the Fortune Business Insights in a report, titled “Caps & Closures Market Size, Share and Industry Analysis, By Material (Plastic, Metal, and Others), and by Application (Food & Beverage, Pharmaceuticals, Consumer Goods, Cosmetics & Personal Care Products and Others) and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. The report offers informative insights into all the prevailing trends of the caps & closures market analysis. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments.

Competitive Landscape

Launch of SyLon Sports Closure by Coca-Cola Amatil to Foster Growth

Coca-Cola Amatil Limited, world-renowned bottlers of non-alcoholic ready-to-drink beverages, launched SyLon Sports closure, an innovative solution for Powerade bottles. These Australian-grown innovative bottles are designed, tested, and prototyped by the Amatil Services Division in Sydney. The introduction of SyLon Sports closure will contribute positively to the caps & closures market trends due to the improved quality and recyclability of the closure through its component. Furthermore, Coca-Cola Amatil’s Group Managing Director, Alison Watkins, said in a statement, we believe the SyLon Sports closure is an Aussie-manufacturing success story. Until now, we have imported closures from Europe and faced challenges with global supply.” She also added, “our Packaging Services Division team at Eastern Creek tookinitiative and designed, tested and prototyped a closure cap which is more cost-effective, better for the environment, and will be made in Western Sydney.

Restraint

Stringent Government Regulations to Hamper Market Revenue

The growing environmental threats and concerns can be a crucial factor in hampering the growth of the caps & closures market during the forecast period. The increasing government policies for disposal of landfills will consequently dampen the growth of the market. Moreover, the rising plastic waste from various industries such as food &beverages, cosmetics, and consumer goods will impel the government to take strict actions, which in turn will hamper the market growth. For instance, as per Plastic Industry Association, America used about 50 billion plastic water bottles in 2016, and the recycling was only 23%, signaling the need to focus on industry efforts to reduce plastic waste.

Information source:

https://www.fortunebusinessins....ights.com/caps-closu

Aseptic Packaging Market Top Leading Players, Emerging Trends, Region by Forecast to 2028
The aseptic packaging market growth was valued at USD 53.77 billion in 2020. The market is projected to rise from USD 59.06 billion in 2021 to USD 121.96 billion by 2028 at a 10.9% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, “Aseptic Packaging Market, 2021-2028.”

COVID-19 Impact

Shutdown of Manufacturing Facilities to Dent Industry Outlook

The COVID-19 pandemic had a massive toll on the expansion of aseptic packaging materials across developing and developed countries. The penetration of packaging technologies witnessed a dip, partly due to moderate demand from the food & beverage sector. That said, strong demand for sterilized packaged food products encouraged investments in the landscape. Industry players expect the healthcare industry to exhibit profound demand for packaging technology.


Report Coverage

The report highlights top-down and bottom-up approaches to offer a holistic view of product mapping of both emerging players and well-established companies. Besides, primary sources, including interviews with major stakeholders and opinion leaders, have also been used in the report-making. The report includes secondary sources, such as SEC filings, press releases and website reports, fostering the veracity of the report. The report includes qualitative and quantitative analysis to provide a comprehensive view of the global market.

Drivers and Restraints

Trend for Natural Food & Beverage Products to Bolster Industry Forecast

Millennials and the Gen Z population are slated to exhibit traction for organic and natural food products in the ensuing period. The palpable shift towards natural food & beverage products has prompted the development of quality packaging that can keep food fresh. Stakeholders expect the solution to boost shelf life, fostering the aseptic packaging market growth. Moreover, soaring demand for pharmaceutical drugs has fared well for leading companies vying to bolster their footfall.

Regional Insights

Stakeholders Tap Asia Pacific Market to Gain Strategic Hold from Pharmaceutical Sector

Leading companies are likely to explore potential growth opportunities across China, Japan, Australia and India, largely due to the demand from the pharmaceutical sector. Burgeoning population across the emerging economies could provide promising opportunities in the ensuing period. Besides, the growing footprint of bread & confectionary and cosmetics will trigger investments across Asia Pacific.

The North America aseptic packaging market share will witness a commendable gain during the forecast period, partly attributed to investments in the healthcare sector. At the time when the demand for better healthcare has peaked in the U.S. and Canada, packaging technologies will continue to receive impetus.

Information Source:

https://www.fortunebusinessins....ights.com/aseptic-pa

Flooring Market Size Report 2021, Recent Trends, Share, and Growth forecast to 2028
The global flooring market size was $342.88 billion in 2020. The market is projected to grow from $359.20 billion in 2021 to $517.74 billion by 2028 at a CAGR of 5.4% during the 2021-2028 period.

This information is presented by Fortune Business Insights™, in its report, titled, “Flooring Market, 2021-2028.”

COVID-19 Impact

Terminated Construction Ventures during Pandemic to Obstruct Market

The pandemic has adversely influenced the construction industry across the globe. The limitations in transportation of resources led to the scarcity of raw materials. Additionally, the lockdown norms and guidelines restrained the suppliers and manufacturers to process their construction accomplishments. This resulted in the interruptions in the novel and prevailing construction developments.

Report Coverage

We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes on delivering precise material. Our scholars have applied a data triangulation method which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.

Drivers and Restraints

Surging Demand for Vinyl Flooring in Construction Projects to Fuel Market Growth

Vinyl is used as a versatile component in tiling applications, where, luxury vinyl tile is used majorly. It is resilient to mold, dampness, and fungus, which makes it an appropriate flooring option for utilization where wetness and infrequent spills are the prime concerns.



Segmentation

On the basis of type, the flooring market is categorized into non-resilient, resilient, and carpets & rugs.

Based on end-use, the market is segregated into residential and non-residential. The residential segment is the dominating contributor for the growth of this market. The growth in residential segment is accredited to the growing population and disposable income of the consumers.

Geographically, the flooring market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.


Browse Detailed Summary of Research Report:

https://www.fortunebusinessins....ights.com/flooring-m

Coating Resins Market Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2027The global coating resins market share is set to gain impetus from the increasing development of greener processesby producers of final coating formulations, additives, pigments, and resins. This information is given by Fortune Business Insights™ in a new study, titled, “Coating Resins Market Size, Share & Industry Analysis and Regional Forecast, 2020-2027.” The study further mentions that the coating resins market size was USD 33,707.6 million in 2019 and is projected to reach USD 47,412.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.


How Did We Create This Report?

As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities. We have also conducted a techno-economic study.

Segment-

Architectural Coatings Segment to Grow Rapidly Owing to High Demand for Durable Coatings

Based on the end-use industry, the architectural coatings segment is set to earn the largest coating resins market share throughout the forthcoming years. This growth is attributable to the surging demand for durable and high-performance coating resins for developing construction components. Besides, the increasing infrastructure spending would aid growth.

Drivers & Restraints-

Increasing Need to Develop Environmental-compatible Processes to Boost Growth

Nowadays, the availability of limited petrochemical resources and the rising environmental issues are resulting in the increasing research and development activities worldwide. These are meant for the development of bio-based polymers. Several manufacturers are striving to provide environmental-compatible goods and processes for a wide range of industries. Commercial epoxy resins can be easily epoxidized and they are cost-effective. These factors are expected to bolster the coating resins market growth in the coming years. However, the usage of alkyds in various coatings can be harmful for humans and the environment. It may hamper growth.

Regional Insights-

Asia Pacific to Dominate Stoked by Increasing Construction Activities

Europe, on the other hand, is likely to show considerable growth fueled by rising infrastructural investments and ongoing developments in the oil and gas sector. In North America, the increasing industrial manufacturing activities will lead to moderate demand for coating resins.

Information Source:

https://www.fortunebusinessins....ights.com/coating-re