Light Weapons Market will exhibit a CAGR of 4.67% during the forecast period, and reach USD 17.33 billion by 2027, and the Market value as per 2019 was USD 12.61 billion. Fortune Business Insights™ in a new report, titled, “Light Weapons Market Size, Share & COVID-19 Impact Analysis, By Type (Heavy machine guns, MANPAT, Infantry Mortar, Anti-Tank Weapons, Recoilless Rifles, Launchers, Light Cannon, Anti-Tank Missiles, MANPADS, Grenade, Landmines), Guidance (Guided, Unguided), Application (Defense, Homeland Security), and Regional Forecast, 2020-2027.” Light Weapons Market Drivers and Restraint: Wide Availability and Low Cost of Weapons to Propel the Growth of the Market The weapons are majorly used by military, civilian, and police use. There are plenty of weapon suppliers around the world that manufacture weapons in a variety of configurations. With the increasing lethality of submachine guns, rapid-fire assault rifles drive the growth of the market. Furthermore, these weapons are easily portable and concealable, thus, easier for transportation to battlegrounds. It requires less training to operate these weapons as they are highly durable and low maintenance. Growing contracts for light weapons from military forces and homeland security for strengthening armed forces can propel the growth of the market. Increasing Terrorist Activities and Civilian Conflicts Drive the Growth of the Market Rising terrorist activities, cross border disputes, and political unrest between neighboring countries creates demand for light weapons. Growing military modernization programs and the expansion of defense forces drive the growth of the market. Furthermore, rising defense expenditure and increased spending on research and development will boost the key market. Technological advancements in weapons manufacturing such as laser systems in light cannons increased the range of anti-tank missiles; precision-guided firearms drive the market. List of Key Players Covered in the Light Weapons Market Report: • ARSENAL (Bulgaria) • BAE Systems (The U.K) • FN HERSTAL (Belgium) • General Dynamics Corporation (The U.S.) • Heckler & Koch GmbH (Germany) • Lockheed Martin Corporation (The U.S.) • Northrop Grumman Corporation (The U.S.) • Raytheon Technologies Corporation (The U.S.) • Rheinmetall AG (Germany) • Saab AB (Sweden) • Thales Group (France) To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/light-weapons-market-103529 Some of the key industry developments in the Light Weapons Market Include: • January 2020 – Canadian military forces signed a contract of worth USD 96.97 million with Colt Canada of Kitchener to supply 3,626 new C6A1 FLEX general-purpose machine guns. • July 2019 – BCF Solutions Inc., and Trijicon Inc. had signed a contract of worth USD 48.8 million with the U.S. Army to deliver modern mounted machine gun optic for machine gunners firing the M240 and M2/M2A1, as well as the MK 19 grenade launcher.
November 4 2020
Industrial Alcohol Market will exhibit a CAGR of 11.7% during the forecast period, and reach USD 241.42 billion by 2027, and the Market value as per 2019 was USD 111.26 billion .
Fortune Business Insights™ in a new report, titled, “Industrial Alcohol Market Size, Share & COVID-19 Impact Analysis, By Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl, Isobutyl Alcohol, and Others), By Source (Sugar & Molasses, Grains, Corn, Fossil Fuels, and Others), By Application (Personal Care, Chemical Intermediates, Food Industry, Pharmaceutical, Fuels, and Others), and Geography Forecast, 2020-2027.”
Industrial Alcohol Market Drivers and Restraint:
Growing Adoption of Bioethanol Shall Aid in the Growth of Market
Bioethanol is commonly used as a biofuel for transportation to reduce the effects of greenhouse gases (GHG). The growing world population and the increasing industrialization are leading to high demand for energy. This has resulted in the increasing cost of crude oil and natural gas over years now. The rising awareness about climate change and the surging adoption of renewable resources has led to the development of bioethanol. Biofuels are renewable energy sources that have supported the market demand for fuel that aids in reducing pollution levels across the globe.
Alternative fuel methods are preferred due to uncertainty in energy security, increasing fuel prices, along with the continual rise in the CO2 emission levels. The need to reduce GHG emissions is the reason for the adoption of wastes such as molasses and sugar beet pulp. They have major advantages such as reduced cost of waste disposal. Moreover, the affordability of the product reduces the production cost of ethanol.
Various countries have increased ethanol production such as Thailand (cassava), India (using sugar cane), China (corn), France (sugar beet), Canada (wheat), and others. The conversion of cellulosic material into ethanol leads to fermentation processes. Further, this process converts the energy crops into bioethanol, while leading to higher ethanol yields. The technological breakthrough aiming to develop effective conversion of agricultural and forestry for the production of bioethanol is positively supporting the market growth.
RESTRAINING FACTORS:
Rising Environmental Concerns May Hinder the Market Growth
The production of industrial alcohol through fossil fuels has a significant environmental impact due to water depletion and pollution. During the process of the formation of alcohol, various toxic chemicals are required as raw materials. Then these toxic chemicals are released into the atmosphere that harms the ecosystem. The stringent government regulations over the environmental concerns are a restraining factor over the production of industrial alcohol that limits the market growth. Moreover, the high production cost of isopropyl and isobutyl is expected to hinder the market growth to some extent.
List of Key Players Covered in the Industrial Alcohol Market Report:
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/industrial-alcohol-market-103917
Some of the key industry developments in the Industrial Alcohol Market Include:
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