The global beryllium market was valued at 395.49 metric tons in 2020 and the market is projected to register a CAGR of over 1.5% during the forecast period (2021-2026). Owing to the fact that beryllium-containing alloys are only used in critical locations in products where they provide a design solution based upon reliability, miniaturization, improved energy management, and/or extending the service life.

Due to the COVID-19 outbreak, airplane manufacturers have experienced severe disruptions in production, owing to the slowing demand, due to suspended international flights. Boeing and Airbus have not received even a single order since January 2020 in the first half and saw a decline of more than 10% contraction in their airplane production for the first time. These factors have impacted the aerospace industry in 2020 and thus the beryllium demand.

- In the short term, major factors such as increasing usage in medical equipment, owing to its superior properties, and its extensive usage in aerospace and military applications are likely to drive the market.
- Future demand for beryllium oxide in nuclear power generation is likely to act as an opportunity in the future.

- North America dominated the market across the globe with the largest consumption from the countries, such as the United States and Canada.

Key Market Trends

Automotive Segment to Drive the Market Growth

- In the automotive electronics industry, beryllium is used as the connector material for battery and high-temperature applications. In addition, it is abundantly used in optical filters for night vision, speed control, sensors, and camera applications. ​
- Furthermore, the metal is used in the form of CuBe- a high-performance alloy- for the powertrain. Beryllium in the form of metal matrix composites is employed for chassis, suspension, and braking component applications.​
- The lifesaving technology behind automotive airbags relies on beryllium alloys to work in a fraction of a second. Anti-lock brakes trust beryllium alloys to transmit electrical signals through terminal connections when seconds make a critical difference in preventing a collision. ​

For sample report please visit: https://www.statzyreports.com/report/sr496853/beryllium-market

- Many substitute materials are tested for the replacement of beryllium in automotive electronics, which include alloys- like CuZn Brasses, CuSn Bronzes, and CuNiSi alloys. The insufficient combination of strength/ formability, electrical conductivity, stress relaxation resistance, failure to resist vibration and corrosion resistance are hindering this replacement. ​

- The automotive industry is focused on innovation, and the onboard technology is turning them into computers on wheels.​

- The automotive industry has witnessed slowdown from couple of years. According to the International Organization of Motor Vehicle Manufacturers (OICA), the automotive production witnessed a 5.2% decline from 96,869,020 unit in 2018 to 91,786,861 units in 2019. Also, the sales of the automobiles has declined in 2019 by around from 95.06 million units in 2018 to 91.29 million units in 2019.​

- Furthermore, due to the COVID-19 impact, the global automoile production has declined by around 23% in the first nine months of 2020 compared to the same period in the previous year.
- Owing to the above mentioned factors, the market is expected to winess a slow growth during the forecast period.

China to Drive the Growth in Asia-Pacific Region

- In Asia-Pacific, China is the largest economy, in terms of GDP. China is one of the fastest-growing economies, globally, and almost all end-user industries have been growing, owing to the rising population levels, living standards, and per capita income levels. ​
- The demand for beryllium was stable in the past few years. The aerospace and defense sector is the major consumer of beryllium in China. Further, under the plan, ‘Made in China 2025’, it is expected that China may supply over 10% home-made commercial aircraft to the domestic market by 2025.

- China's current major military aircraft production bases include the aircraft manufacturing plants of Xi'an, Shaanxi, Chengdu, Shenyang, and Guizhou. Among the five major aircraft manufacturers in the country, Xifei and Shaanxi have the largest number of aircraft models, accounting for 40% of military aircraft..​

- China is the second-largest market after the United States. However, the Chinese market is still lagging, with a larger difference, in terms of market share, as compared to the United States. Presently, China’s beryllium ore supply is dependent on imports, with a major focus on the defense and science and technology fields, while the applications of beryllium-copper alloy are still far behind those in the United States and Japan. ​

- However, in the long run, beryllium, as a metal with excellent performance, may penetrate further, from the existing aerospace and military fields to electronics and other emerging industries, under the premise of meeting resource guarantees. ​
- The country is one of the major solar panel manufacturers across the world, which is also the famous exporter of low-cost photovoltaic cells to numerous countries. China’s total solar capacity accounts for more than 34% of the global total solar capacity.
- Thus, all these factors are likely to increase hte demand for beryllium in the region during the forecast period.

Competitive Landscape

The global market for beryllium is a highly consolidated in nature, with the top three players accounting for around 90% of the share in the global market. This scenario additionally reports a highly monopolistic market. The major companies include Materion Corporation, The atomic company "Kazatomprom"​ (Ulba Metallurgical Plant JSC​), Hunan Shuikoushan Nonferrous Metals Group Co Ltd. (SKS), NGK Metals Corporation​​, and IBC Advanced Alloys​​, among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit: https://www.statzyreports.com/report/sr496853/beryllium-market

Contact Us:
Poojan Dogra
Public Relations Manager
Statzy Market Research
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

The Global Dyes & Pigments Market size was estimated at USD 29,638 million in 2020 and the market is projected to register a CAGR of over 4% during the forecast period (2021-2026). The market was negatively impacted by COVID-19. Owing to pandemic scenario, various countries went into lockdown, which led to supply chain disruptions and work stoppages. This negatively affected the demand of various industries like paints and coatings, textiles, and others. However, the conditions are expected to recover in 2020, thereby restoring the growth trajectory of the market studied during the forecast period.

- Over the medium term, growing demand from paints and coating industries of Asia-Pacific, and increasing demand from the textile industry.
- On the flip side, the negative impact of the COVID-19 outbreak on the market and environmental concerns regarding the use of dyes and pigments are hindering the growth of the market
- Asia-Pacific region is expected to dominate the market across the globe with the largest consumption from countries such as China, and India.

Key Market Trends

Increasing Demand from the Paints & Coatings

- Paints and coatings account for the largest share of the market and are estimated to be the largest and the fastest growing end-user industry.
- Architectural and decorative coatings account for the largest consumption of pigments in their production. Thus, rising construction and infrastructure activities in Asia-Pacific act as the major driver for the dye and pigment market.
- In addition, the public-private partnership (PPP) projects have also been increasing in the domestic construction sector.

- In India, smart cities mission is a major project undertaken by the government which will construct more than 100 smart cities all over the country to achieve rapid urbanization in the country. In 2021-22 budget, smart cities mission has been given INR 6,450 crore as against INR 3,400 crore in the 2020-21 revised estimates.

- In Germany, the increasing migration to the country has been stimulating the current demand for new residential construction. ​About 3.6 million migrants were expected to arrive to Germany, by the end of 2020-2021, which will require at least 350,000 new dwellings per year.

For sample report please visit: https://www.statzyreports.com/report/sr496857/dyes-pigments-market

 
- The paints and coatings industry has been expanding vigorously till 2019. However, owing to the pandemic condition, there has been a slump in the production of paints and coatings in 2020 due to the slowdown of global construction industry. But, the condition is expected to recover in 2021, thereby restoring the growth rate of market studied.

- All the aforementioned factors, is expected to drive the global market during the forecast period.

Asia-Pacific Region to Dominate the Market

- The growth of the textile industry in China and India is on rapidly increasing with the availability of a cheap labor force. In the global textile market, China holds the largest share of about 40%, followed by India with over 5% share.
- China is investing USD 1.43 trillion in the next five years till 2025, in major construction projects. According to National Development and Reform Commission (NDRC), Shanghai plan includes an investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with an investment of USD 8.09 billion.

- According to India Brand Equity Foundation, India’s textile and apparel exports stood at USD 38.70 billion in FY19 and is expected to increase to USD 82.00 billion by 2021 from USD 22.95 billion in FY20 (up to November 2019).
- The demand for textiles in South Korea has remained stable with an increasing preference for technical textiles production in the country. A strong domestic man-made fiber industry and robust non-woven production sector are providing the manufacturers an opportunity to focus on the production of high-end textiles in the country.

- Among ASEAN countries, Indonesia has a major share of the paint and coating market, followed by Thailand The rapid urbanization in these countries are expected to contribute to the demand for paints & coatings, and in turn, add up to demand for dyes and pigments during the forecast period.
- Hence, with the increasing demand from the various end-user industries, like the paint and coating, printing inks, textiles and plastics industry, the demand for dye and pigments is expected to rapidly increase over the forecast period.

Competitive Landscape

The dyes & pigments market is partially consolidated. In terms of market share, few of the major players currently dominate the market. Key players in the dyes & pigments market include BASF SE, The Chemours Company, Venator Materials PLC., KRONOS Worldwide Inc., and Clariant among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit: https://www.statzyreports.com/report/sr496857/dyes-pigments-market

Contact Us:
Poojan Dogra
Public Relations Manager
Statzy Market Research
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

The Global Grease Market was valued at 1,308.51 kilotons in 2020 and the market is projected to register a CAGR of over 1.5% during the forecast period (2021-2026). The major grease-consuming industries, like automotive, industrial processing (majorly steel mills), aerospace, and food and beverages, were greatly impacted by the COVID-19. Especially, the steel industry was majorly affected by the pandemic. Steel production witnessed a decline in 2020 due to the production halts and decreased demand from various end-user industries because of the COVID-19 crisis. The steel demand is contracted by an estimated 6.4%, dropping to 1,654 million metric tons, according to the World Steel Association.

- In the short term, factors such as the growing manufacturing sector growing industrial sector in Asia-Pacific, and increasing adoption of higher performance greases in the wind power and electric vehicle industries are likely to drive the market growth.
- Automotive and the transportation segment is the dominating end-user industry for grease. Whereas, consumption of grease in chemical manufacturing is expected to register the highest CAGR through the forecast period.
- Asia-Pacific dominated the grease market followed by North America and Europe across the globe with the largest consumption from countries, such as China, India, United States, and Germany, among others.

Key Market Trends

Automotive & Other Transportation to Dominate the Market

- The demand from the automotive sector contributes significantly to the global grease market. The growing OEM and RMO markets in the automotive industry are expected to have a direct impact on the demand for greases during the forecast period.
- According to the National Lubricating Grease Institute (NLGI), NLGI 2 grade grease is widely preferred for automotive applications.

- Automotive greases are used to lubricate the chassis, suspension, and steering. Additionally, automotive greases can be classified on the basis of their GC and LB ratings. GC rating can be employed for lubrication of axle and wheel, whereas LB can be used for lubrication of different types of joints, including U-joints and ball joints, tie-rod ends, and control arm-shafts.

- The automotive is the largest and fastest-growing end-use industry for grease. Passenger and commercial vehicles are driving the demand for high-performance grease in the automotive industry.
- In the automotive industry, grease is used in various auto parts, such as wheel bearings, universal joints, suspensions, gears, switches, and connectors, because of their properties (which include mechanical stability, temperature tolerance, water resistance, and anti-oxidants). The need for high-performance grease is increasing, with the manufacture of machines and equipment for end-user industries.

- The growing passenger volumes are expected to drive the need for 44,040 new jets (valued USD 6.8 trillion) over the next two decades. The global commercial fleet is projected to reach 50,660 airplanes by 2038, with all the new airplanes and the jets that would remain in service taken into account.
- Owing to all teh above-mentioned factors, the market is expected to grow at a slow pace during the forecast period.

Asia-Pacific to Dominate the Market

For sample report please visit: https://www.statzyreports.com/report/sr496858/grease-market

- Asia-Pacific was found to be the major market for the consumption of grease followed by North America and Europe. China, India, and Indonesia are expected to be leading countries witnessing strong demand for grease consumption during the forecast period.
- China is the largest consumer of lubricants and greases in the current scenario. The vast manufacturing activities pertaining to different sectors and the rapid growth in the industrial and automotive sectors have pushed the country to stand among the major consumers and grease producers in the global landscape.

- Although China was the first country affected by COVID-19 and its related lockdown, it was the first country to come out of the lockdown. However, the country has been witnessing recurring cases of COVID-19, leading to brief lockdowns occasionally. The manufacturing sector in the country has taken a major hit in Q1 2020, subsequently leading to a 6.8% drop in GDP, the lowest ever witnessed in years.

- However, the country has been focusing on several measures, such as tax breaks and other incentives to enhance economic recovery. In Q2 2020, China’s GDP has recorded a growth rate of 3.2%, indicating signs of a V-shaped recovery. Despite lower levels of activity in certain service sectors, industrial production rates have been growing steadily, which is a positive sign for lubricant companies in the region.
- Automotive production, off-highway equipment, and steel are the major consumers of grease in the country.

- The aforementioned factors are contributing to the increasing demand for grease consumption in the region during the forecast period.

Competitive Landscape

The grease market is highly fragmented with the top five players accounting for about 20-30% of the market. The major companies include Royal Dutch Shell Plc, Exxon Mobil Corporation, BP Plc (Castrol), FUCHS, Axel Christiernsson, and China Petrochemical Corporation (Sinopec), among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit: https://www.statzyreports.com/report/sr496858/grease-market

Contact Us:
Poojan Dogra
Public Relations Manager
Statzy Market Research
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

MINNEAPOLIS—Diversified Plastics, Inc. (DPI) has recently installed six all-electric vertical injection molding presses. These presses will join DPI’s existing assemblage of vertical presses and provide increased production capacity to meet growing demand from medical device and other original equipment manufacturers (OEMs).

“The addition of these presses has tripled our vertical-press capacity,” says Mark Gremmels, director of operations. “Delivering faster output, electric presses are more precise and repeatable for improved quality, which is vital for many medical, aerospace and industrial components.”
  
DPI uses vertical presses for over-molding and insert-molding, capabilities often required for medical device and technology manufacturing. The rotary table improves efficiency and production speed using a two-mold-back half system. While one part is molded, the operator can preload inserts into the second, B-side tool. After each part is molded, the table rotates for the removal of the finished part; then the next insert is loaded. These efficiencies can reduce cost and time to market.

One of the new presses, a Sumitomo all-electric 50-ton vertical clamp with vertical injection unit, was added to manufacture a complicated over-molded part. This component is used in a product that has realized skyrocketing sales because of its significance during the COVID-19 pandemic.

All-electric presses are more efficient, using less energy than hydraulic presses. Electric presses are equipped with servo motors that operate only when motion is needed. This results in saving nearly half the cost of electricity compared to a similarly sized hydraulic press.

“We sold an underutilized 500-ton horizontal hydraulic press that required 368 square foot of floor space. By placing three of our new Niigata 85-ton vertical presses in that spot, we increased the annual production for that space from 157,000 dollars to a potential of nearly 1.7 million dollars.”     

For case studies, material selection and design guides or to request a quote visit www.divplast.com or call +1 763.424.2525.          

About Diversified Plastics, Inc.