Covid-19 Impact on Brewing Enzymes Market Size, Share, Growth And Forecast to 2025

The global Brewing Enzymes market is anticipated to grow with a momentous rate during the forecast period 2019-2025, due to upsurge in the growth in the brewing industry. Additionally, the huge demand for low alcohol beer particularly in Asia Pacific will foster the global Brewing Enzymes Market in the forecast period.  Moreover, augmentation in applications of brewing enzymes for producing various types of beer such as flavored beer and gluten-free beer will influence the global brewing Enzymes market in the upcoming year.

On the basis of Source, the global brewing enzymes market is bifurcated into Microbial and Plant. Microbial segment dominates the global Brewing Enzymes Market owing to its features such as reducing reaction time and minimize contamination risks.

Plant source will boost by its application to produces a weighty amount of the desired enzyme at mild temperatures while consuming inexpensive nutrients.

By product type, the global brewing enzymes market has categorized into Amylase, Beta-glucanase, Protease, Xylanase, ALDC, Pectinase. Amylase will dominate the market owing to their cost-effectiveness and less-time-consuming processes Beta-glucanase segment will have promulgated by its application to improved filtration and reduced viscosity.

On the basis of Application, the global brewing enzymes market has bifurcated into the Beer and Wine. Beer is estimated to hold major market share due to huge production in craft beer owing to its new flavors, varieties, and labels.

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Wine segment will bolster by benefit of brewery enzymes such as changes in the flavor and take shorter fermentation times.

By the region, the Brewing Enzymes market has segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.  North America dominates the global Brewing Enzymes market over the forecast period due to the presence of all manufacturing in these regions, along with growing economy and rise in per capita per beer. The Asia Pacific market will boom by growth in demand for craft beer and the rapid pace of urbanization and changing lifestyles towards food & beverages.

Companies such as Miller Coors, SABMiller, Heineken N.V., A B Miller Plc., Anheuser-Busch InBev, Carlsberg Group, Diageo Plc., Tsingtao Brewery, Boston Beer Company, Beijing Yanjing Brewery are the key players in the global ERP market.

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Adhesive Tapes Market 2020 | Research, Opportunities, Emerging Trends, Competitive Strategies and Forecasts to 2026

The Global Adhesive Tapes Market was valued at USD 58.3 billion in 2019, and it is estimated to reach USD 85.9 billion by 2026, at a CAGR of 5.7 %, over the forecast period. 

Innovations, research and related progressive activities have led to the expansion of its usage and usage-categories. The advancement assures the growth of the market at an extraordinary pace. The new trend of replacing bolts, screws, rivets, and other attaching or fastening techniques with adhesives has accelerated the growth of the adhesives market globally. Apart from this, the new and rising demand for lightweight vehicles is reassuring the development of the adhesive market. 

The widespread practice of adhesive tapes usage in various industries such as automotive and food and beverage is an essential factor driving the market. Automotive manufacturers are progressively accepting adhesive tapes in place of mechanical fasteners such as bolts and screws to decrease the vehicles' weight and provide better fuel efficiency. The growth of the healthcare sector is another factor backing market growth. Adhesive tapes are majorly used for wound care, assembly of medical devices, attributing electrodes on the skin, and fixing cover shields during surgeries. Besides, skin-friendly adhesive tapes are extensively utilized for the manufacturing of infant and adult diapers. 

The Asia Pacific is anticipated to produce adhesive tapes with an encouraging rate in the coming years due to the growth in technology. Furthermore, raw materials are readily available in the Asia Pacific, and the manufacturing infrastructure is developing to support the units within the right time. The Middle East & Africa is also a promising and prominent market for adhesive tapes and, this is due to the substantial rise in commercial & substructure activities and current low market saturation in the region.

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APAC is the primary adhesive tapes market and is estimated to be the fastest-growing market during the forecast period. The region is observing strong growth due to ongoing R & D and other related progressions in healthcare, electrical & electronics, and automotive industries. The adhesive tapes market in developing economies such as South Africa, China, India, Brazil, and Indonesia, is expected to witness significant development. In contrast, more advanced markets such as the US, Germany, Japan, and the UK, will notice stagnancy or slow growth during the prediction period. China is expected to be the major contributor, mostly led by the high demand from heavy industries and consumer goods manufacturing section.

Scope of the Report

 

Based on resin type

Ø  Acrylic

Ø  Rubber

Ø  Silicone

 

Based on the backing material

Ø  Polypropylene (PP)

Ø  Paper

Ø  Polyvinyl Chloride (PVC)

 

Based on technology

Ø  Solvent-based

Ø  Hot-Melt based

 

Based on category

Ø  Commodity Adhesive Tapes

Ø  Specialty Adhesive Tapes

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India Adblue (Diesel Exhaust Fuel) market estimated to reach USD 1,234.4 Million by 2027 with a Modest CAGR of 2.8%

 The aggregate revenues of India Diesel Exhaust Fluid (Adblue) market reached USD 955 million in 2017, and the figure is projected to touch the level of USD 1,234.4 million by 2027. The market is estimated to grow at 2.8% during 2020-2025. Enhanced infrastructure, accelerated industrialization and improved demand for heavy-duty vehicles are the factors that drive AdBlue market growth. Besides, its low cost of manufacturing and increasing demand to run agricultural equipment such as tractors, pumps and harvesters contribute to its market growth.

The primary function of diesel exhaust fluid is to segregate nitrogen oxide (NOx) into nitrogen and water. NOx emissions are the most toxic gases causing severe air pollution and are often held responsible for acid rain and a thriving greenhouse effect. On the other hand, nitrogen and water are entirely harmless and can be safely released into the atmosphere. The superior design of engines with SCR systems allows less wear and tear on the engine over its lifespan. It reduces the need for maintenance and possibility of breakdown. It improves fuel-efficiency and smoothens engine performance.

The Selective Catalytic Reduction (SCR) technology enables the reduction of nitrogen oxide (NOx) emissions from the tailpipe of diesel-powered vehicles. It is widely used in diesel passenger vehicles by commercial vehicle fleet owners and transporters to maintain low emission levels. Its usage can be quickly promoted by educating customers for its adoption.

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Commercial vehicles in the mid and lower segments use the EGR technology, while premium commercial vehicles and passenger vehicles deploy SCR. In the Indian context, it is clear that EGR might be an obvious choice in meeting BS-VI regulations, due to its simplicity, cost- effectiveness and easy integration.

The spearheading and known players in this market are Castrol India Limited, Yara Fertilisers India Pvt. Ltd., Nandan Petrochem Ltd, Power Blue International, New Blue India Company, Shine India Technology & Co, Palsani Green Power Llp, Inabgo, and others.

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How the Expanding Construction Sector is Accelerating the Growth of Paints and Coatings Market

The global paints and coatings market value in 2017 was calculated as $186.7 billion, and it is expected to reach $262.5 billion by 2023, witnessing a revenue CAGR of 6.0% during the forecast period (2018–2023). The key factors driving the growth of the market are increasing construction activities, expanding automotive industry, and rising demand from the oil and gas industry.

Paints and coatings play an important role in decorating any house, office, restaurant, hotel, or automobile. These also provide texture in addition to corrosion and abrasion resistance to the substrate. Further, these enhance the durability and adhesive properties of the material on which they are applied. The paints and coatings market is huge, and thus, for the proper understanding of its growth, it is segmented by resin type, formulation, application, and region.

Talking about the resin type, the paints, and coatings market is divided into epoxy, acrylic, polyester, polyurethane, and others (nitrocellulose lacquer, nylon, and polycarbonates). Out of these, the sales volume of polyurethane are projected to have the fastest CAGR (5.9%) in the market during the forecast period. The reason for this is that it offers beauty and strength to buildings and other structures; therefore, it is a preferred choice for a majority of commercial and residential interior projects. With a rise in construction activities (commercial and residential), the demand for polyurethane is also expected to increase.

The construction sector is expanding rapidly in countries, such as China, India, the U.S., and the U.K., on account of the rise in population and export of construction material. This is resulting in large-scale investments for the construction of hotels, retail centers, apartments, offices, and civic infrastructure. An example of investments in civic infrastructure would be the initiation of the Infrastructure and Capital Investment Plan 2016–2021. Under this, the Irish government has invested a huge amount for infrastructural development in the transport, residential, energy, and healthcare sectors.

Asia-Pacific (APAC) is anticipated to be the fastest growing market or coatings and paints during the forecast period with a sales volume and value CAGR of 7.2% and 8.3%, respectively. In this region, stringent air pollution regulations are expected to drive the adoption of eco-friendly coating resins and formulations. In addition, the growing construction industry due to increasing government and private spending is projected to accelerate the paints and coatings market growth.  

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For instance, in 2017 in China, construction activities grew by 10.0% compared to 2016, while in Europe, the growth rate was 3.5% during the same period. Such growth in the construction industry in both Europe and APAC is boosting the paints and coatings market. The oil and gas industry is also playing an important role in the domain advance. Epoxy coatings give pipes thermal stability, chemical resistance, and corrosion protection. Similarly, the demand for paints and coatings is also increasing due to the rise in automobile production.

Therefore, it is not just due to aesthetic reasons that paints and coatings are being increasingly sold, but also because of the numerous advantages associated with these.

Source: P&S Intelligence

Increasing Commercial Construction Projects Augmenting the India Diesel Genset Market Potential

The India dieselgenset market generated a revenue of $1,039.7 million in 2018, and it is estimated to reach $1,518.1 million by 2024, advancing at a CAGR of 6.5% during the forecast period (2019–2024). This is attributed to the increasing adoption of medium and high-hp diesel gensets across the country. Furthermore, macroeconomic growth, along with improvements in infrastructure, growth of the manufacturing sector, and surge in commercial construction projects is predicted to escalate the demand for these gensets for meeting prime and auxiliary power requirements in the near future.

In simple terms, a diesel genset or a diesel generator set is an integrated system consisting of a generator and diesel engine that help in producing electricity. This electricity is used for meeting both prime and backup power requirements. For a genset, diesel works as a fuel, and these gensets are attached to a fuel delivery system, control panel, canopy or enclosure, alternator, cooling and exhaust system, and other auxiliary components.

Based on power rating, the diesel genset market in India is categorized into above 750, 376 kVA–750 kVA, 76 kVA–375 kVA, and kVA 5 kVA–75 kVA diesel gensets. In 2018, the 5 kVA–75 kVA category held the largest share in terms of sales volume in the market. This is due to the increase in demand for these gensets for residential and small commercial installations, telecom towers, and construction projects. Furthermore, these generators are produced by a large number of unorganized and organized market players, thus come under wide range of budgets.

Now, on the basis of application, the diesel genset market in India is classified into industrial, commercial, and residential. Among all, in 2018, commercial application was the largest revenue contributor in the market. This is ascribed to the high demand for diesel generators in commercial offices, hospitals, telecom towers, and hotels. In addition to this, the increasing construction rate of  colocation and captive date centers and rising cloud adoption by private and public companies are expected to fuel the demand for gensets in the near future.

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In recent years, it has been witnessed that the residential and commercial real estate market of India grew significantly, owing to surging transparency, rapid urbanization, and advancements in the IT/ITeS sector. The growing customer confidence in real estate along with the rise in commercial construction projects, such as hotels, mobile phone towers, and metros, is anticipated to boost the adoption of diesel generators to fulfil power requirements.  Furthermore, localization and construction of data centers is predicted to further raise the demand for these generators, resulting in the prosperity of the Indian diesel genset market.

Hence, with the increasing use of diesel generators in the commercial, residential and industrial sectors, the Indian diesel genset market is expected to witness significant growth. 

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Expanding Commercial Aircraft Fleet Boosting the Aerospace Composite Market

Surging commercial aircraft fleets, growing demand for carbon fiber composites from aircraft makers, and expanding composites application in military aviation are the factors driving the growth of the aerospace composite market. In 2017, the market generated a revenue of $2,376.7 million, and it is predicted to attain a size of $4,234.4 million by 2023, advancing a CAGR of 10.1% during the forecast period (2018–2023). Various aircraft parts such as interiors, nacelles, brackets, and engine blades are made from composites. These materials help in reducing the aircraft weight and enhancing the lift-to-weight-ratio.

In addition, they have good strength and stiffness-to-density ratio, which make them the standard material in the aerospace sector. On the basis of type, the aerospace composite market is mainly classified into glass, carbon, and aramid fiber. Out of these, in 2017, carbon fiber was the largest classification in the market, making a contribution of more than 50.0% in terms of sales volume and 55.0% in terms of revenue.

Due to these properties, this carbon fibers witnessing an increasing demand from the aerospace industry, thereby resulting in boosting the market growth. Based on application, the aerospace composite market is bifurcated into interior and exterior. Of these, in 2017, the exterior application led the market in terms of in terms of volume, and it is expected to continue in this vein during the forecast period.

This is ascribed to the rising use of composite materials in interior parts, such as cabin components, seat frames, floor boards, and ceiling panels. Currently, the autoclave process is used for manufacturing the majority of composite materials, which involves the use of pressurized vessels at high temperatures. Although this process is widely preferred for production, it entails notable processing time, energy, and cost, thereby resulting in high cost of the material.

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According to the International Air Transport Association (IATA), the global aviation sector is predicted to reach 7.8 billion passengers flown by 2036. The major surge in passenger traffic is anticipated to come from Asia, specifically India and China, which are observing a significant increase in the domestic as well as international passenger movement.

Hence, the growing commercial aircraft fleets and the resultingly expanding aerospace industry are expected to boost the growth of the aerospace composite market during the forecast period.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Source  : P&S Intelligence

Qatar Facility Management Market Emerging Opportunities Scenario 2024

The Qatari facility management market is expected to witness a CAGR of 8.5% during 2019–2024. The growth of the market is mainly driven by increasing construction activities in the region, owing to the upcoming mega events such as FIFA World Cup 2022, in the country. Facility management refers to professional services covering multiple disciplines, in a bid to ensure functionality of the built structures through the integration of people, place, process, and technology. Also, these services provide safe and clean environments for residents, employees, and building visitors.

the Qatari facility management market is categorized into property services (heating, ventilation, and air conditioning (HVAC) maintenance; mechanical and electrical maintenance; and others), cleaning services, security services, catering services, support services, environmental management services, and other services. The other services include reception staffing, utility management, furniture supplies, and contract management.

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Property services held the largest share in the facility management industry of Qatar, accounting for more than 25% revenue contribution in 2017. Property services offer various benefits such as decreased tenant turnover, rent collection, short vacancy cycles, low maintenance and repair costs, assistance with taxes, and others. Owing to such benefits, the demand for this service type is growing in Qatar.

the Qatari facility management market is categorized into commercial, industrial, and residential. The commercial sector was the largest end user in the market, with more than 40% revenue contribution in 2017. The sector is witnessing increased demand for these services, attributed to the growing awareness among end users for commercial building management to optimize expenditure. During the forecast period, the facility management industry of Qatar is expected to experience a significant growth among commercial end users.

the Qatari facility management market is categorized into in-house and outsourced (integrated, bundled, and single). In-house category held the largest share in the facility management industry of Qatar, with a revenue contribution of 60% in 2017. The leading position of in-house mode of service is attributed to its long-standing presence, comparatively low cost, and high adoption rate.

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Qatar will host some of the major international events to be held during 2019–2022, including World Artistic Championship for Gymnastics, Gulf Expo, International Conference on Environment and Natural Science, FIFA World Cup, and others, which are creating huge demand for facility management services. To organize such big events, the country will need infrastructure and hospitality services, in order to provide lodging facility for participants and visitors from different countries.

Some of the major players operating in the Qatari facility management market are Mosanada Facilities Management Services, Cofely Besix Facility Management, Al-Asmakh Management WLL, COMO Facilities Management Services, OCS Qatar LLC, CBM Qatar LLC, Elegancia Hospitality & Facility Management Services, Al Tamyoz Business Group, Conservo Facility Management Co. WLL, Confident Enterprises WLL, and ASTAD.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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