Astute Analytica published a new report on the Thermal Paper Developer Market. The global market report has extensive information about the market size, drivers, threats, opportunities, and growth factors. In addition, the research report contains COVID-19 impact, regional insight, competitors’ analysis, and segmentation.
The Global Thermal Paper Developer Market size was US$ 20.15 million in 2021. The Thermal Paper Developer Market size is forecast to reach US$ 34.03 million by 2030, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2030.
Impact Analysis of COVID-19:
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
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Regional Insights:
As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.
The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.
Top Key Players in Thermal Paper Developer Market
- Anayang General Chemical
- Solenis
- Nippon Soda Co. Ltd.
- Toray Industries Inc.
- Mitsubishi Chemical Group Corporation
- Weifang Dayoo Biochemical Co. Ltd.
- Chameleon Specialty Chemicals
- Sabic
- The Dow Chemical Company
- Sinopec
- Connnect Chemical
- Evonik Industries AG
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Global Thermal Paper Developer Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmental Overview
By Type
- Bisphenol-A
- Bisphenol-S
- D8
- Phenol free substance
- Others
By Distribution Channel
- Online
- Offline
- Direct
- Distributors
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures. Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.
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