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The global satellite-based augmentation system market size was valued at USD 1.28 billion in 2022. The market is projected to grow from USD 1.54 billion in 2023 to USD 2.13 billion by 2030, exhibiting a CAGR of 4.74% over the forecast timeframe. Leading companies in the global market are focusing on developing new products and adopting advanced technologies to improve system integrity.
Information Source:
https://www.fortunebusinessins....ights.com/satellite-

Petrochemicals Market Size, Share Analysis, Growth, Recent Trends, Business Opportunities to 2028
The petrochemicals market size was USD 371.9 billion in 2020. The market size is expected to rise from USD 582.4 billion in 2021 to USD 888.3 billion by 2028 at a CAGR of 6.2% during the forecast period. The global market is expected to rise during the projected period due to increasing environmental concerns by manufacturers in the market. Fortune Business Insights™ publishes this information in a report titled, "Petrochemicals Market, 2021-2028".

Petrochemicals are chemical substances made from oil, coal, and natural gases. These chemicals are majorly used in developing consumer products such as pesticides, shampoos, aspirin, detergents, gasoline, carpeting, and milk jugs. Products such as propylene, ethylene, benzene, and xylene are used in packaging, plastics, rubber, and electronics. Increasing demand for the product in automotive, medical, packaging, construction, and consumer goods sectors will likely boost the market.

Report Coverage:

The report provides complete information and statistical data regarding market development trends and business strategies adopted by the key players. Furthermore, recent trends and advancements in the industry are discussed further in this report along with key industry developments. The report sheds light on drivers and restraints affecting the market growth and the impact caused due to COVID-19 pandemic.

Drivers & Restraints:

Increasing Product Demand in Packaging Application to Stimulate Growth

The market is expected to witness significant growth in the coming years owing to the rising plastic consumption in developing economies. The utilization of plastic packaging is increased in various industries, thereby boosting the market in segmented regions. Furthermore, increasing industrialization and commercialization is expected to drive plastic utilization during the projected period. Also, cost-effective and eco-friendly characteristics of the produced plastic are anticipated to drive the market. These factors are likely to ensure the global petrochemicals market growth in the segmented regions.

However, hazardous effects caused due to petrochemical products may hinder the market growth.

Regional Insights:

Asia Pacific Holds Highest Market Share Due to Rising Industrialization

Asia Pacific dominates the global petrochemicals market share due to rising demand in the consumer goods industry. Increasing industrialization and commercialization in developing countries is expected to maintain the market position during the forecast period.

North America holds the second-largest global market share due to rising investments in the petrochemicals production sector. This encourages the key players to implement innovative strategies to increase product range.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessins....ights.com/petrochemi

Precast Concrete Market New Coming Industry to Witness Great Growth Factors, Opportunities in Coming Years From 2022 to 2028
The global precast concrete market size is expected to showcase significant growth by reaching USD 159.85 billion by 2028. Fortune Business Insights, in its report titled “Precast Concrete Market, 2021-2028.”, mentions that the market stood at USD 114.78 billion in 2020 and is likely to exhibit a CAGR of 4.4% between 2021 and 2028. The rapid-paced urbanization, coupled with the rising population rate, is anticipated to favor the adoption of the product globally. According to the National Bureau of Statistics (NBS), around 901.99 million people reside in the mainland areas in China, which accounts for over 63.89% of the total population in the country.

The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.


Market Segmentation

Based on the product type, the market is divided into building components, transportation, water & waste handling, and others. On the basis of end-use, the market is bifurcated into residential and non-residential.

Based on end-use, the residential segment held a global precast concrete market share of about 37.7% in 2020. The segment is expected to experience exponential growth backed by the increasing investment in the development of real estate that is likely to propel the demand for the product worldwide.

Finally, on the basis of region, the market is segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.


DRIVING FACTORS

Rapid-Paced Urbanization to Aid Growth

The evolving standard of living globally has led to the growing demand for quality-oriented and people-centered facilities. The rapid-paced urbanization has led to significant development of both residential and non-residential establishments.

Besides, a large number of masses are migrating from rural areas to urban places for better job opportunities. The fast-paced growth of smart cities equipped with state-of-the-art infrastructures such as airports, malls, sports complexes, and commercial spaces is anticipated to boost the demand for the product. Besides, the rising population rate across the globe is expected to contribute to the global precast concrete market growth during the forecast period.

Information Source:

https://www.fortunebusinessins....ights.com/precast-co

The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis, By Application (Solvent, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others), By End-use (Paints & Coatings, Plastic, Automotive, Adhesives, Pharmaceuticals, Cosmetics, Electrical & Electronics, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period.

COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War

The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth.


How Did We Create This Report?

We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates.

Drivers & Restraints-

Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth

The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand.

Segment-

Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents

Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances.

Browse Summary:

https://www.fortunebusinessins....ights.com/acetone-ma

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The global cotton yarn market size was valued at USD 94.40 billion in 2022. The market is estimated to expand from USD 82.81 billion in 2023 to USD 100.68 billion by 2028, exhibiting a CAGR of 4.0% over the estimated period. The rise is credited to the unique characteristics of yarn that influence the quality of finished textile goods.

This information is provided by Fortune Business Insights™ in its research report, titled “Cotton Yarn Market, 2023-2028”.

Information Source - https://www.fortunebusinessins....ights.com/cotton-yar

Segments:

Carded Yarn Segment to Record Appreciable Growth Due to Surging Product Adoption in Textile Manufacturing

On the basis of type, the market is segmented into combed yarn, carded yarn, and others. Of these, the carded yarn segment is estimated to depict considerable expansion over the forecast period. The rise is due to the increasing usage of the product for manufacturing woolen threads.

Apparel Segment to Depict Substantial Expansion Owing to Growing Yarn Demand

Based on application, the market is fragmented into textiles, apparel, and others. The apparel segment is set to register commendable growth over the estimated period. The surge can be attributed to the escalating disposable income, growing penetration of e-commerce, and others.

Based on geography, the market for cotton yarn has been analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report gives an in-depth analysis of the significant trends that are expected to drive the global industry outlook over the forthcoming years. It further delves into the key factors boosting market expansion throughout the projected period. These insights have been provided after extensive research and data collation from credible sources.

Drivers and Restraints:

Market Value to Rise Owing to Increasing Support from Government Bodies

One of the key factors propelling the cotton yarn market growth is the increase in government initiatives for supporting the growth of their domestic textile sectors. These initiatives are focused on skill development, the creation of infrastructure, and sectoral development in the textile sector.

However, the industry expansion could be hampered due to the high price of the product compared to synthetic yarn.

Regional Insights:

Asia Pacific to Gain Traction Driven by Surging Product Demand from the Increasing Population

The Asia Pacific cotton yarn market share is expected to record substantial expansion over the projected period. The rise can be credited to the escalating product demand from the growing population and an increase in consumer expenditure in the region.

The Europe market is estimated to grow at a lucrative pace over the analysis period. The surge is being driven by the growing demand for raw materials and technical textiles over the forthcoming years.

Competitive Landscape:

Pivotal Players Enter into Partnership Agreements to Expand Product Reach

Major cotton yarn companies are focused on the adoption of a series of strategic steps such as mergers, acquisitions, and the formation of alliances to strengthen their position in the market. Some industry players are also undertaking research activities for the development of new products.

Key Industry Development:

May 2022 – Texhong shared plans to establish a key facility in Vietnam to sharply boost its fabric production. The move was taken in a bid to complement the company’s cotton based yarn business.