(MENAFN- Straits Research) As the pandemic has force the industrialist across the globe to halt their production, leading to supply chain disruptions and impairing of various industries such as chemical, food & beverages, and textile. As the number of cases is rising, the government across various economies has put certain restrictions to impend the catastrophe. And since, in the chemical industry, production is done through on-site jobs. These restrictions have led to the downfall in the production of the bulk chemicals. And it is also anticipated to cause a flash crash in the profit margins of the various companies in the upcoming quarters. Additionally, the plight fall in the oil prices has also led to the spike in the chemical feedstock prices. Thus, further leading to the rise in the prices of the end products from the chemical industry.
This crisis has also cracked open the supply chain, which is due to major disruption from the demand side. The manufacturers in the chemical industry are trying to focus on ramping up the production of critical chemicals such as disinfectants and sanitizers in the high demand regions. To make-do for the upcoming losses. As the industry is grappling through major obstacles – trade conflicts, demand destruction, and workforce productivity. The global leaders in the industry are emphasizing on the development of new business models that can address the rising consumer needs and put back the industry to the pre-COVID growth trajectory.
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The Asia Pacific is anticipated to Spearhead the Market during the Forecast Period
The rapid industrialization and urbanization supported by the government of the region along with the widespread application base of these chemicals are likely to be the key factor favoring the growth of the market during the assessment period. The regional government is taking various initiatives to boost industrialization such as to encourage long-term capital inflows (FDIs) in the countries. For Instance, according to the Indian Brand Equity Foundation (IBEF), the Foreign Direct Investment (FDI) received to the Indian construction development sector from April 2000 to December 2019 was valued around USD 25.37 billion. Additionally, the rapidly rising population with improving consumer spending is further anticipated to add to the growth of the regional market in the upcoming years.
Ammonium Hydroxide Market: Key Players
Sigma-Aldrich Co. LLC.
KMG Chemicals, Inc.
Tanner Industries, Inc.
Thermo Fisher Scientific Inc.
BASF SE
Mitsubishi Gas Chemical Company
TAIWAN FERTILIZER CO.,LTD
Spectrum Chemical Manufacturing Corp
Vijay Gas Industry Pvt. Ltd.
Yara International ASA
MGC Pure Chemicals America, Inc.
Pride-Chem Industries Pte Ltd.
Tritech Catalyst
Intermediate Pvt. Ltd.
GFS Chemicals, Inc.
Ammonium Hydroxide Market Segmentation
By Nature Type
Natural
Synthetic
By Application
Cleaning Agent
Acid Neutraliser
Flavour enhancer
Water Treatment
Others
By End-User
Residential
Commercial
Industrial
Pharmaceutical
Food & Beverage
Personal Care
Chemical
Agriculture
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Germany
France
The U.K.
Italy
The Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
The Rest of Asia-Pacific
Central and South America and the Caribbean
Brazil
Argentina
Colombia
The Rest of Central and South America and the Caribbean
The Middle East
Saudi Arabia
The UAE
Oman
Turkey
The Rest of Middle East
Africa
Nigeria
South Africa
The Rest of Africa
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods
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