Global Hydrolysis Stable Polyester Films Market Growth (Status and Outlook) 2019-2024

Polyester films are produced from polyethylene terephthalate resins and are also known as Polyethylene Terephthalate (PET) films. Hydrolysis is a phenomenon of the chemical breakdown of a compound upon contact with water. In polyester films, the water breaks down the polyester into alcohol and acid groups. Hydrolysis stable polyester films are a type of polyester films that do not chemically break down when they come in contact with water. Hydrolysis stable polyester films are essential to prevent the packaged product against hydrolysis. Hydrolysis stable polyester films can be used as outer as well as an inner layers in packaging material.

Hydrolysis stable polyester films are preferred due to their high barrier properties, high tensile strength and easy printability. The easy printability provided by hydrolysis stable polyester films makes them an ideal tool for advertisement for manufacturers. Moreover, hydrolysis stable polyester films provide excellent properties in high-humidity and high-temperature conditions. Hydrolysis stable polyester films, because of their enhanced properties, are also used to laminate photovoltaic or solar cells. Hydrolysis stable polyester films are used in multi-layers for various packaging and industrial purposes.

Hydrolysis Stable Polyester Films Market: Dynamics

The hydrolysis stable polyester films market is expected to witness significant growth owing to the increased demand for water-resistant packaging in the packaging industry. The growth of the packaging industry is expected to fuel the growth of the hydrolysis stable polyester films market. The need for better-packaged products is also expected to contribute to the growth of the hydrolysis stable polyester films market. The growth of end-user industries such as food and beverages is expected to boost the global hydrolysis stable polyester films market. Moreover, the increased penetration of e-commerce is expected to drive the hydrolysis stable polyester films market.

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However, problems associated with the biodegradation of hydrolysis stable polyester films is one of the factors restraining the growth of the global hydrolysis stable polyester films market because of the growing regulations and concerns regarding the usage of environmentally friendly plastic. Some of the key players in the global hydrolysis stable polyester films market are relying on acquisitions to increase their market share. For instance, in 2018, Mitsubishi Chemical Holdings Limited completed the acquisition of ABC Plastindo and Piper Plastics, Inc.

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Global Corner Blocks Market Analysis by Application, Type, Revenue and Trend 2019 – 2026

Corner blocks or corner protectors are used in protective packaging solutions, for efficient product handling. Corner blocks are preferred shipping and box-in-box packaging to protect the product from cracks and scratches. Leading players and brand owners prefer corner blocks for shipping and storing the product. Corner blocks are made up of material such as polyethylene or polystyrene which provide flexibility to the protectors.

Corner blocks support the product edges during its shipment and manufacturing, which results into reliability of product. Corner blocks are used mainly for rectangular or square shaped products, such as wooden furniture, and households among others. Corner blocks act as a shock barrier between cartons, boosting the need for protective packaging. Corner blocks market is expected to experience significant growth as the need for efficient packaging solutions is increasing. Foam corner blocks are ideal for avoiding damage to the product and have better compression handling capabilities.

Corner blocks market is anticipating growth in upcoming years due to various improvements in the packaging solutions and requirement for durable packaging. Paper-based corner blocks are suitable for recyclable packaging solutions. Plastic-based corner blocks provide abrasion resistance and are waterproof. Corner blocks are significantly used in packaging industry so as to increase the efficiency of the whole system.

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The introduction of biodegradable and protective packaging solutions are increasing the demand for paper-based corner blocks, while abrasion resistant and waterproofing is provided by plastic-based corner blocks. The plastic-based corner blocks are also made from polyethylene, which can be recycled up to an extent. Corner blocks are available in variety of patterns and shapes which enhance its usage capacity. These days’ air pouches and bubble wraps are also used in place of edge protectors to protect consumer goods, may hamper the growth of global corner blocks market. 

The corner blocks are used mainly for glass-based products, and electric items. Wooden furniture can also get damaged due to shipping and storing, boosting the corner blocks market. The corner blocks protect the heavy product or material to get damaged if packaging cannot efficiently support it.

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Global Grilled Furnace Market 2019 by Manufacturers, Type and Application, Forecast to 2026

Grilled furnace is a kitchen appliance used for cooking purpose. It is a metal frame attached to a stove on which food such as meat, fish, or vegetables are cooked over fire. Grilled furnaces attached to barbeque stands are often used for outdoor cooking. With advancement in technology, grilled furnaces are now available with ultra-convenient features.

The global grilled furnace market is anticipated to grow at an exponential rate in the near future. Rise in popularity of barbeque meals during holidays and weekends is likely to increase the demand for grilled furnaces in the near future. A survey conducted by the Barbecue Industry Association Grill (BIAG) states that cooking food over grilled furnace is a healthy way of cooking. This is further anticipated to increase the demand for grilled furnace in the next few years.

Moreover, increase in participation in camping, trekking, and other recreational activities across the globe is generating significant demand for barbeque grills, which is directly boosting the growth of the grilled furnace market. Manufacturers are coming up with grilled furnaces that can be attached to the kitchen when there is an additional demand for more furnaces.

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Apart from charcoal operated barbeque stands, manufacturers have also come up with gas and electric grilling equipment. This is expected to proliferate the demand for grilled furnaces to a great extent. Leading manufacturers are introducing grilled furnaces with retro colors as a substitute to black color or typical stainless steel furnaces to attract more customers. However, the culture of grilling food is not prevalent in many Asian countries which is anticipated to impact the growth of grilled furnace market.

The global grilled furnace market can be segmented based on material type, fuel type, end-user, distribution channel, and geography. In terms of material type, the global grilled furnace market can be divided into cast iron and stainless steel. According to fuel type, the global grilled furnace market can be classified into gas grilled furnace, electric grilled furnace, and charcoal grilled furnace. Gas grilled furnaces are more popular among consumers owing to their affordability and portability.

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Global Ground Engaging Tools (GET) Market Share, Size, Demand and Forecast 2019 – 2026

Ground engaging tools (GET) are tough wear-resistant metal components which come in direct contact with the ground during excavation and construction activities. These tools have two basic functionalities i.e. increasing the machine productivity and protecting the comparatively expensive components from wear and tear. GETs include blades, bucket teeth, and cutting edges which are mainly used in mining and construction machinery such as excavators, loaders, scrapers, and dozers.

Ground Engaging Tools (GET) Market – Drivers and Restraints

The global urban population is increasing significantly, putting pressure on existing urban services such as road networks and public transport. Rising number of smart cities is one of the major factors which necessitates better infrastructure and their maintenance. The smart cities offer improved infrastructure by setting up highly efficient transportation systems. Demand for affordable housing has increased along with the growing demand for transport, and social and utility infrastructure.

Governments across the globe have launched various plans to provide affordable housing at reasonable interest rates. These measures are expected to drive the growth of the construction industry, thereby impacting the growth of the ground engaging tools (GET) market over the forecast period.

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According to World Urbanization Prospects, around 54% of the global population lived in urban areas in 2014 which is anticipated to increase to 68% by 2050, thereby boosting the growth of construction machinery. Increasing government initiatives toward infrastructure improvement in emerging countries such as China and India is likely to supplement the market growth over the forecast period. Introduction of eco-efficient mining processes is another factor set to contribute to industry growth over the forecast period.

Uncertainty in the mining industry is one of the major factors restricting industry demand for Ground Handling Tools. Moreover, longer life cycle of these products is a major challenge to manufacturers, preventing repetitive sales of the products, thereby shifting their focus toward providing maintenance services of GETs.

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Underbar Refrigeration Market 2019 Global Trend, Segmentation and Opportunities, Forecast 2026

Underbar refrigerators are designed to store bottled alcoholic beverages. It helps to preserve the quality and flavor of alcoholic beverages. Underbar refrigerators come with various configurations such as drawers, or slide tops, and with one to four doors. These refrigerators are available in different sizes, price range, and bottle capacity. The size of these refrigerators starts from 24 to 72 inches and depth ranges from 24 to 34 inches.

Manufacturers of underbar refrigeration are focused on offering innovative systems with new technologies and energy-efficient underbar refrigeration equipment in order to increase their customer base and market position. The new models come with energy efficiency technologies which help to save on electricity bills. These features are anticipated to drive the demand for underbar refrigerators in the coming years.

The market is likely to have a high degree of short and mid-term impact due to the rising consumption of processed food and beverages. However, factors such as adoption of commercial refrigerators and freezers in supermarkets and hypermarkets are expected to have a moderate impact in the latter part of the forecast period. Increasing number of restaurants, supermarkets, and cafes have contributed crucially to the growth of the underbar refrigerators market.

Furthermore, increasing focus on energy efficiency and low emission technology is likely to have a greater impact on the underbar refrigerators market. All these aspects are expected to drive the overall underbar refrigeration market during the forecast period. However, high taxes and price of alcoholic beverages is anticipated to have a negative impact on the overall underbar refrigeration market during the forecast period.

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The global underbar refrigeration market can be segmented in terms of product type, size, application, price range, distribution channel, and geography. Based on product type, the underbar refrigeration market is classified into bottle coolers, and chillers & fosters. Based on size, the underbar refrigeration market is segmented into less than 16 bottles, 16 to 30 bottles, 31 to 60 bottles, 61 to 100 bottles, and more than 100 bottles. On the basis of application, the underbar refrigeration market is segmented into residential and commercial.

The commercial segment is further segmented into food service industry, food processing industry, hotels and restaurants, and others. Based on price range, the market is segmented into economical price and premium price. On the basis distribution channel, the underbar refrigeration market is classified into online distribution channel and offline distribution channel. Offline distribution channel segment is further sub segmented into supermarkets and hypermarkets, convenience stores, and others. Supermarkets and hypermarkets already have a strong presence in the current market.

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Machine Bench Vices Market 2019 Global Trend, Segmentation and Opportunities, Forecast 2026

Machine bench vices are mechanical devices used for clamping or holding a work piece in order to allow work to be performed on it with tools such as mills, saws, planes, screwdrivers, sandpaper, drills, etc. A bench vise has parallel flat jaws attached to a workbench. Vices are used by tool makers for holding pieces of work and also as holding devices on machines such as drilling machines, milling machines, lathes, etc. There are two main types of bench vices: woodworking vise and mechanical vise. A woodworking vise is attached to a workbench, typically flush with its work surface.

A mechanical bench vise is usually bolted or clamped onto the top of the bench. The handle is usually adjustable so that it can be tightened in small places. Machine bench vices are commonly used for drilling holes on pieces of work on drilling machines and also for all machining work on milling machines. Milling machines are essential in any workshop where milling and drilling machines are installed. Certain industries have stringent requirements for precise finishing of products. Therefore, machine bench vices are used significantly across different industry verticals worldwide.

The global machine bench vices market is expected to expand at a significant growth rate in the near future. Rapid expansion of the industrial manufacturing sector and increase in demand for portable machine bench vices are key factors driving the global machine bench vices market. Additionally, the number of work shops where drilling and milling machines are used is increasing, due to rapid developments in industrial sectors. This is boosting the machine bench vices market.

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Moreover, most machine tool manufacturers get bench vices made in small scale industries as sub-contracting work as standard equipment. Small scale industries also purchase bench vices in the open market through dealers. The global machine bench vices market is likely to be drive by wide usage of machine bench vices by small scale industries worldwide. Increase in the adoption of portable machine bench vices in North America and Europe is expected to drive the market in these regions during the forecast period.

The market in Asia Pacific is expected to expand at a significant pace during the forecast period. Growth of the market in the region can be attributed to a rise in investments in the manufacturing sector. The industrial manufacturing sector in Japan, India, China, and countries in Southeast Asia has expanded at a substantial growth in the last few years, and the trend is expected to continue in the near future. This has led to high demand for industrial machine tools (such as machine bench vices) in these countries.

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Milling Machines Market 2019 Leading Key Vendors, Share, Segmentation, Comprehensive Research and Regional Trends by Forecast to 2026

Milling is the machining process in which rotary cutters remove material from a work piece from axis of the tool. Milling machines are tools designed to cut metal, wood, and other solid materials. Often automated, milling machines can be positioned in either vertical or horizontal orientation to carve out materials based on a pre-existing design. Milling machines accomplish different machining operations according to specific needs. Various tools are equipped in the milling machines for the operations. Some of these tool heads include cutters, rounding mills, fluted mills, and ball end mills.

Demand for high quality products is a major factor responsible for the rise in demand for milling machines. Increase in demand for computer numerical control (CNC) machines due to its advanced technique and precise cutting has boosted the global milling machines market. There are three types of milling machines available in the market: manual, semi-automatic, and automatic milling machines. Manufacturers are focusing on technological development of the product to make it more advanced and efficient. Rise in automation has led to increased demand for automatic milling machines.

These machines are capital intensive and require less human involvement. Manufacturers are employing automatic milling machines in order to increase the production capacity. Demand for CNC machines has increased over the years since they are highly efficient, productive, and enable incorporation of new technologies. These advantages of the machines have fuelled the growth in the establishment of manufacturers and distributors to provide machines.

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Development of 6-axis machines has enabled the conversion of the final product by turning from both ends of the fixture, thus eliminating multiple fixtures and other activity in the machining process. It also avoids the waiting period during the shifting of the work piece from one machine to another and prevents queuing. Further, milling machines can be used to carry out complex work such as drilling holes of different diameters and shapes or variable cutting speed and pattern. The Asia Pacific market is expected to expand at the highest CAGR among all regions due to increasing manufacturing activity in India and China. Players are setting up plants in this region due to availability of raw material and labor intensive manufacturing (labor is cheap in the region).

However, lack of skilled labor in the manufacturing industry may restraint the global milling machines market. Manual and semi-automatic machines require input from labor. Labor should be skilled enough to operate the machines. Automatic milling machines are capital intensive and some end-users may not be able to purchase them. These machines require regular maintenance for smooth functioning, which increases the operation cost. The setback in the European machine tools manufacturing market can prove to be a disadvantage for the global milling machines market.

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