The 1,5-Cyclooctadiene Market is expected to grow at > 5.0% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on 1,5-Cyclooctadiene Market
1,5-Cyclooctadiene Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Increasing agricultural practices and growing adoption of organic farming in emerging economies, in order to meet the growing consumption requirements for the rising population, and increase in consumer preference for online purchases of groceries and food products owing to the COVID-19 Pandemic, resulting in an increased demand for polystyrene packaging are some of the major factors fueling the growth of the market over the forecast period.
Asia-Pacific is estimated to be the leading region of the market on account of growing urbanization and industrialization, rising construction industry, and growing per-capita and disposable incomes in various countries such as China, India, South Korea and Thailand, offering lucrative growth opportunities coupled with the growing demand from personal care sector in the region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
1,5-Cyclooctadiene Market Share: By End-Use Type
Based on the end-use type, the market is segmented as agrochemicals, cosmetics, food, rubber, construction, and others. Food is expected to account for the largest share of the market owing to the growing working population and increasing demand for packaged food during the forecast period, as 1,5-cyclooctadiene is broadly used as an additive in the food-packaging industry.
1,5-Cyclooctadiene Market Share: By Application Type
Based on the application type, the market is segmented as specialty chemicals, solvents, catalyst ligands, elastomers, chemical intermediaries, and others. The catalyst ligand segment is expected to register high growth rate in the market on account of increasing application of catalysts in various researches and development activities during the forecast period across the globe, as catalyst ligand is widely used in multiple reaction processes for developing new products.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as Advanced Materials, Aerospace & Defense, Automotive & Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our market veterans make sure to have a deep research about the topics so that the most useful and authentic insights can be delivered to the professionals.
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