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Syndicated Analytics latest report titled "Glue stick Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue
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Global Chemical Recycling Market Size, Share & Trend Analysis 2031
Submitted 1 year ago by organic marketresearch • chemical recycling market chemical recycling
The industry that uses chemical processes to recycle and recover waste plastics in order to create new chemicals, fuels, or materials is referred to as the worldwide chemical recycling market. It is a branch of the larger recycling sector that focuses on turning plastic trash into useful chemical products.
The old mechanical recycling techniques, which entail melting and reprocessing plastics into new goods, are different from chemical recycling. As an alternative, chemical recycling uses a variety of chemical processes such depolymerization, pyrolysis, gasification, and liquefaction to disassemble complex plastic polymers into their component monomers or other usable compounds.
Several important changes are being seen in the chemical recycling industry's global market environment. The widespread adoption of sustainable norms and practises is a significant trend. To encourage recycling and reduce plastic waste, governments and environmental organisations are enacting stronger policies and regulations, which is fostering a favourable market climate for chemical recycling solutions.
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The increasing need for recycled chemicals and materials across numerous industries is another trend. Due to customer demand for environmentally friendly products and corporate sustainability goals, businesses are looking for alternatives to virgin materials. The demand for chemical recycling technologies that can turn plastic waste into high-quality, recycled materials fit for use in sectors like packaging, automotive, and textiles is increasing as a result of this trend.
The market environment is also being shaped by developments in chemical recycling technology. Chemical recycling processes are becoming more efficient, scalable, and cost-effective because to ongoing research and development activities, which also increases their appeal to industry players. The market for chemical recycling is expanding as a result of advances in catalysts, reactors, and purification techniques.
RECENT DEVELOPMENTS:
The global market for recycling chemicals has recently seen a number of noteworthy advancements. First of all, there has been a marked increase in government initiatives and legislation designed to promote chemical recycling as a long-term approach to managing plastic trash. Policies that encourage and assist the development of chemical recycling infrastructure have been adopted by numerous nations and regions. Due to these factors, new facilities and technologies have drawn investment and improved the market environment.
Second, the sector has seen the emergence of several partnerships and alliances. To promote innovation and hasten the uptake of chemical recycling, major businesses from all points along the value chain, including waste management companies, chemical producers, and consumer products companies, are creating strategic collaborations. These partnerships seek to construct effective supply chains for recycled materials and to develop comprehensive waste management systems by combining the knowledge and assets of many stakeholders.
Thirdly, technology for recycling chemicals have significantly advanced. Research and development efforts have been concentrated on enhancing the effectiveness and scalability of current technologies while investigating new strategies for the conversion of plastic trash. Chemical recycling is now more economically and environmentally sustainable thanks to these developments' higher-quality outputs, higher process yields, and lower energy usage.
Market Segmentation:
Market Breakup: By Type
Polyethylene
Polypropylene
Polyethylene Terephthalate
Polystyrene
Others
Market Breakup: By Technology
Pyrolysis
Depolymerization
Gasification
Liquefaction
Market Breakup: By End-Use Industry
Packaging
Automotive
Textiles
Electronics
Construction
Others
Market Breakup: By Waste Source
Post-Consumer Waste
Industrial Plastic Waste
Plastic Packaging Waste
Others
Regional Analysis
The size and scope of the global Chemical Recycling industry vary by region and are important and expanding. Below is a quick summary of the industry's regional analysis:
North America: Because of its strict rules, strong environmental awareness, and sophisticated waste management infrastructure, the area has been in the forefront of the chemical recycling sector. Significant investments are being made in chemical recycling technology in North America, with various pilot projects and facilities built on a commercial basis. The main drivers of market expansion in this region are the United States and Canada.
Europe: Because of its stringent rules and ecological goals, Europe is a significant market for chemical recycling. The deployment of chemical recycling technologies has been accelerated by the Circular Economy Package and Plastic Waste Strategy of the European Union. Many nations, notably Germany, France, and the Netherlands, have put supportive laws into place, which has resulted in the growth of a strong chemical recycling industry. The two main trends in this area are stakeholder collaboration and infrastructural spending.
Asia-Pacific: As a result of rising industrialization, population expansion, and growing concerns about plastic waste, the Asia-Pacific area is seeing a significant increase in the chemical recycling market. Countries like China, Japan, South Korea, and India are putting an emphasis on sustainability and garbage management. Strong manufacturing infrastructure and a rising market for recyclable materials favour the area. Technology developments, government programmes, and partnerships are propelling market expansion in the Asia-Pacific region.
South America: Led mostly by Brazil, South America is emerging as a prospective market for chemical recycling. The nation has put in place laws and goals to lower plastic trash production and boost recycling rates. Opportunities for chemical recycling technology are being created by Brazil's sizable consumer market and rising environmental consciousness. Argentina and Colombia are two nations in the region looking into programmes to address plastic waste and encourage recycling.
Middle East & Africa: Due to the need to diversify economies and lessen reliance on industries reliant on oil, the Middle East & Africa region is seeing an increase in interest in chemical recycling. Initiatives related to the circular economy and waste management methods are being prioritised by nations including Saudi Arabia, the United Arab Emirates, and South Africa. The region's rich resources of plastic trash and investments in cutting-edge recycling technologies are helping the chemical recycling sector expand.
Market Breakup By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The Chemical Recycling Industry competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Chemical Recycling marketplace.
#5330
Global Camping Air Mattress Market Research Report 2022
Submitted 1 year ago by Reportsand insights • camping air mattress market camping air mattress market size
Camping air mattress are lightweight, reduced-size and reduced-thickness air mattresses intended for camping and backpacking, and may feature a layer of foam insulation under the air chambers.
The global Camping Air Mattress market size is projected to reach US$ 1477.24 Million by 2028, from US$ 844.48 million in 2021, at a CAGR of 7.18% during 2022-2028. Good features of air mattress are the core factor driving the camping air mattress market. Due to its adjustable, durable and easy-to-install characteristics, in addition to being used as an indoor mattress, the advantages of air mattresses in camping have become more and more prominent and attracted the attention of camping enthusiasts. There is growing interest in air mattresses as an affordable and portable sleeping solution. at the same time, the increasingly popular outdoor camping activities have become the core driving force for the development of the camping air mattress market. As the global economic growth rate slows down or even stagnates, people's work pressure is increasing day by day. Urban consumers are more looking forward to an "overnight utopia" to relieve the pressure of life. In addition, this group of people prefers low- cost travel methods. This has led to more and more people choosing outdoor activities such as camping as a form of recreation.
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Additionally, growing demand for physical activity among millennials, growth in total entertainment spending, improvements to camping-related infrastructure, the rapid growth of camping equipment e-commerce channels, and fast-growing tourism are all important drivers for the accelerated growth of the camping air mattress market.
COVID-19 has severely impacted the outdoor gear and equipment market, resulting in a drop in demand for camping gear. This is because the governments of several countries in the world have certain rules and regulations. These rules lead to fewer passengers because they are not allowed to travel. In addition, tourist attractions are also closed, greatly affecting the camping market.
But from 2021, countries will gradually ease restrictions on foreign tourists, and restricted tourist attractions will gradually open. At this stage, consumers travel to multiple destinations, driving the market for camping equipment such as air mattresses for camping at the same time.
Segment by Type, the Camping Air Mattress can be split into 1-Personand 2-Person. Since 2017, the 1-Person type has dominated the camping air mattress market. By 2021, the 1-Person type will account for 85.45% of the entire market share, much higher than the 14.55% of the 2-Person type. During the forecast period of 2022-2028, we speculate that the market size of 2-Person type will grow at a higher CAGR of 8.21%.
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According to the type of application, camping air mattresses can be divided into Backpacking, Car Camping, Backyard Camping and Others. From 2017 to 2022, the Backpacking market has become the most important market in the camping air mattress market, accounting for 60.51% of the market share in 2021, leading by a large margin in other markets. However, during the forecast period, we speculate that the market size of the Car Camping market will expand at the highest growth rate with a CAGR of 12.50%.
On basis of geography, the Camping Air Mattress market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. North America and Europe are the most important markets for camping air mattresses and will occupy a combined total of 2021 more than 70% market share. This is inseparable from the large number of people who love outdoor camping activities in these two regions. During the forecast period, the Asia-Pacific region is expected to be the fastest growing region with a CAGR of 14.18% during 2022-2028. Growing working populations in China, South Korea and India due to growing employment opportunities in the private sector, coupled with expanding urban infrastructure, are expected to boost consumer purchasing power.
The concentration of the camping air mattress market is currently very low, and the competition in the entire market is very fierce. According to our statistics, the CR5 of the camping air mattress market in 2021 is 12.82%, and the HHI is 0.34%, which is slightly lower than the level in 2020. Key players in the market include Cascade Designs, Inc, Oase Outdoors, Coleman, Intex, Gathr Outdoors Company, Kampa, Sea to Summit, Eurohike, NEMO Equipment, Inc, Big Agnes, AMG Group, Sierra Designs, Sound Asleep Products, Regatta, KingCamp, Exxel Outdoors, LLC, Stansport, Snowpeak, ALPS Mountaineering, VAUDE Sport GmbH and Gear Doctors.
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Global Camping Air Mattress Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, a decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Cascade Designs, Inc
Oase Outdoors
Coleman
Intex
Gathr Outdoors Company
Kampa
Sea to Summit
Eurohike
NEMO Equipment, Inc
Big Agnes
AMG Group
Sierra Designs
Sound Asleep Products
Regatta
KingCamp
Exxel Outdoors, LLC
Stansport
Snowpeak
ALPS Mountaineering
VAUDE Sport GmbH
Gear Doctors
REI Co-op
JD sport
Lidl Stiftung & Co. KG
Aldi
Decathlon
Market Segmentation (by Type)
1-Person
2-Person
Others
Market Segmentation (by Application)
Backpacking
Car Camping
Backyard Camping
Others
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Camping Air Mattress Market
Overview of the regional outlook of the Camping Air Mattress Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
#5331
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