The global caustic soda market is set to gain momentum from its increasing usage as a water treatment chemical. It can absorb water and carbon dioxide and surge its pH level. This information is given by Fortune Business Insights™ in a new report, The report further states that the market size was USD 44,959.2 million in 2019 and is projected to reach USD 55,557.7 million by 2027, exhibiting a CAGR of 3.1% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/caustic-soda-market-104711 What Does This Report Contain? This report includes in-depth information associated with change in material usage, new product launches, and technological advancements. It provides market dynamics based on various factors, such as opportunities, challenges, drivers, hindrances, and dynamics. At the same time, it will deliver a complete insight from the supply side respondents related to market share, distribution, and size. Drivers & Restraints- Increasing Demand from Building & Construction Industry to Aid Growth The International Aluminum Institute declared that in 2019, the total alumina production was 131,910 thousand metric tons. Sodium hydroxide is considered to be a significant ingredient for alumina production. It is therefore mainly demanded by containers & packaging, transportation, and building & construction industries. Besides, the usage of hybrid cars is set to surge in the upcoming years because of their ability to enhance fuel economy. The metal can also reduce the weight of vehicles. These factors are set to propel the caustic soda market growth in the near future. However, caustic soda is highly corrosive which can cause severe damage to eyes. It may hinder growth. Segment- Organics Segment to Remain at the Forefront Stoked by Usage in Ceramics and Paints Based on the application, the organics segment generated the largest caustic soda market share in 2019. This growth is attributable to the increasing usage of this inorganic soda in the manufacturing of ceramics, glass, and paints. It is also used in the production of cosmetics and fuel cells. Regional Insights- Rising Government Subsidies to Favor Growth in Asia Pacific Geographically, Asia Pacific held USD 25,280.17 million in terms of revenue in 2019. The region would lead the market throughout the forthcoming years on account of the increasing consumer spending, interest rates, construction activities, and government subsidies. In 2019, Europe and North America procured more than 25% of the global market. In the U.S., prominent manufacturers have started inclining rapidly towards membrane technology from diaphragm or mercury cell process. Competitive Landscape- Key Players Focus on Acquisition Strategy to Gain a Competitive Edge The global market is fragmented with the presence of a large number of prominent companies operating domestically and internationally. Most of them are striving to gain a competitive edge by acquiring local firms. Some of the others are increasing prices of sodium hydroxide to fulfil the high demand. Below are the two latest industry developments: March 2020: Brenntag acquired the distribution business of Suffolk Solutions, Inc. It will help the former to enhance its position in the Eastern U.S. and strengthen its supply chain. February 2020: OxyChem surged the price of caustic soda to $40/dst. Economic slowdowns in Europe and China have resulted in tremendous pressure on the price of this chemical compound. It has also increased the demand from numerous sectors. A list of all the renowned caustic soda manufacturers operating in the global market: Olin Corporation (Clayton, Missouri, United States) Tata Chemicals Limited (India) Aditya Birla Chemicals (India) Limited (India) Gujarat Alkalies and Chemical Limited (India) Occidental Petroleum Corporation (OXY) (Houston, Texas, United States) Formosa Plastics Corporation (Taiwan) PPG Industries (Pittsburgh, Pennsylvania, United States) Xinjiang Zhongtai Chemical Co., Ltd. (China) Hanwha Chemical (South Korea) Brenntag North America, Inc. (North America) Other Key Players

The global glass curtain wall market size is projected to reach USD 71.14 billion by 2027, exhibiting a CAGR of 7.3% during the forecast period. Increasing foreign direct investment (FDI) in commercial construction projects in developing economies will be a powerful driving force for the market, postulates Fortune Business Insights™ in its report, titled “Glass Curtain Wall Market Size, Share & Industry Analysis, By Product Type (Stick-built, Unitized and other), By Application (Commercial buildings and Residential buildings), and Regional Forecast, 2020-2027”. Information Source- https://www.fortunebusinessinsights.com/glass-curtain-wall-market-103912 Emerging economies in Asia and Africa are growing at a furious pace, which is creating enormous investment opportunities, particularly in the real estate sector, for investors and companies in the developed nations. With a view to attract investments, governments in these countries are simplifying processes and policies to create a friendly investment climate. For example, in India, the central government is contemplating allowing 100% FDI in completed real estate projects amid the COVID-19 pandemic. India already allows 100% FDI via the automatic route in construction development projects. Large investments in commercial and residential construction projects will naturally generate high demand for premium building aesthetics such as glass curtain wall systems, which will fuel the market growth. As per the report findings, the global market value stood at USD 48.06 billion in 2019. The main highlights of the report include: Actionable insights into the factors driving, constraining, and shaping the growth of the market; Comprehensive analysis of the key market segments; Exhaustive research into the regional developments impacting the market; and Detailed profiling and careful assessment of the key market players and their strategies. Market Restraint Contracting Construction Activities Worldwide amid COVID-19 to Truncate Growth Construction projects around the globe have hit a rock as governments in several countries have been imposing strict lockdown and social distancing measures to contain the spread of the coronavirus. The UK-based Royal Institution of Chartered Surveyors (RCIS) reported in August 2020 that 25% of construction projects, globally, had come to a halt in the second quarter of 2020, with on-site productivity falling by 12%. Furthermore, the RCIS estimated that overall growth in construction activities was -24% in the second quarter. Projects delays and cancellations look imminent and this will inevitably stymie the glass curtain wall market growth as builders and developers are unlikely to invest in and adopt high-end aesthetics such as glass curtain walls for their constructions. In the residential sector, diminished sentiments and economic downturn, especially in developing nations, will further inhibit investments in costly structural enhancements, which in turn affect the health of this market. Regional Insights Asia Pacific to Command the Market Share Backed by Strong Growth in Construction Asia Pacific dominated the glass curtain wall market share in 2019, boasting a market size of USD 20.04 billion. The singular reason for the region’s commanding position in the global market is the robust growth of the construction industry in India, China, Thailand, and Vietnam. The market in Europe is expected to perform impressively as commercial constructions in Eastern European countries are rapidly increasing. In addition, the construction industry in the UK in thriving, bolstering the regional market growth. In the Middle East & Africa region, the market will be led by the rich countries in the Gulf Cooperation Council (GCC), who are looking to diversify their economies by promoting sectors other than oil & gas.

The global steel wire market size was valued at USD 91.33 billion in 2018 and is expected to reach USD 112.14 billion by 2026, exhibiting a CAGR of 2.7% during the forecast period. Increasing construction activities in the residential sector and rising government spending in emerging economies may foster market growth. Fortune Business Insights™ provides this information in its report titled “Steel Wire Market, 2019-2026.” Information Source- https://www.fortunebusinessinsights.com/steel-wire-market-102581 Segmentation Carbon Steel Segment to Dominate Owing to Rising Applications from the Construction Industry By grade, the market is segmented into carbon steel, stainless steel, and flat steel, alloy steel. The carbon steel segment is expected to dominate due to its rising applications in the construction sector. Further, technological advancements have enhanced the product’s quality, thereby facilitating segmental growth. Construction Segment to Dominate Owing to Increasing Commercial and Residential Projects As per the end-use industry, the market is classified into automotive, construction, energy, agriculture, and others. The construction segment is expected to dominate due to rising residential and commercial projects globally. Furthermore, rapid infrastructure development globally is expected to facilitate segmental growth. Regionally, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Rising Focus on Infrastructure Development to Foster Market Growth Steel wire is used to reinforce and strengthen building structures. A rising focus on infrastructure development in major countries is expected to foster the demand for the material. Furthermore, increasing residential and commercial projects by private and government firms are likely to escalate the material’s demand. Moreover, the rapid development of hospitals, offices, schools, and industries is expected to foster the wire’s sales. Also, the rising adoption of steel wire for the construction of dams, towers, and bridges is expected to foster its adoption. These factors may drive the steel wire market growth. However, the rising adoption of plastic ropes compared to their steel counterpart is expected to hamper the industry’s growth. Regional Insights Strong Demand for Construction Projects to Foster Market Growth in North America North America is expected to dominate the steel wire market share due to the robust demand for construction projects. The market in North America stood at USD 8.24 billion in 2018 and is expected to gain a huge portion of the global market share in the upcoming years. These factors may propel market growth in the region. In Europe, the presence of several significant manufacturing companies is expected to bolster steel wire demand. Further, the increasing adoption of the material for automobile applications is expected to boost industry growth. In Asia Pacific, the rising focus on infrastructure development by the governments of respective countries is expected to elevate steel wire production. This factor may propel industry growth in the region. Competitive Landscape Companies Announce Novel Products to Boost Brand Image The prominent companies operating in the market announce novel products to boost their brand image. For example, WireCo. announced TURBOLITE M, 8-strand steel ropes, in March 2019. The product targets the mining industry to strengthen the weight ratio while being lightweight compared to normal steel ropes. This launch may allow the company to attract consumers and elevate its brand image. Furthermore, manufacturers devise research and development, mergers, acquisitions, partnerships, and innovations to bolster their market position. Key Industry Development July 2022: JSL shall provide nearly 3,500 stainless steel wires to the Indian railway project for the Udhampur-Srinagar-Baramula Rail Link (USBRL) Tunnel Project. List of Key Players Profiled in the Market Report ArcelorMittal (Luxembourg) Bridon-Bekaert (Belgium) The Heico Companies (U.S.) Optimus Steel (U.S.) HBIS Group Co., Ltd. (China) Kobe Steel, Ltd. (Japan) WireCo WorldGroup Inc. (U.S.) JFE Steel Corporation (Japan) Nippon Steel (Japan) Insteel Industries (U.S.) SHAGANG GROUP Inc. (China) Byelorussian Steel Works (Belarus) Ferriere Nord S.p.a. (Italy)

The global steel wire market size was valued at USD 91.33 billion in 2018 and is expected to reach USD 112.14 billion by 2026, exhibiting a CAGR of 2.7% during the forecast period. Increasing construction activities in the residential sector and rising government spending in emerging economies may foster market growth. Fortune Business Insights™ provides this information in its report titled “Steel Wire Market, 2019-2026.” Information Source- https://www.fortunebusinessinsights.com/steel-wire-market-102581 Segmentation Carbon Steel Segment to Dominate Owing to Rising Applications from the Construction Industry By grade, the market is segmented into carbon steel, stainless steel, and flat steel, alloy steel. The carbon steel segment is expected to dominate due to its rising applications in the construction sector. Further, technological advancements have enhanced the product’s quality, thereby facilitating segmental growth. Construction Segment to Dominate Owing to Increasing Commercial and Residential Projects As per the end-use industry, the market is classified into automotive, construction, energy, agriculture, and others. The construction segment is expected to dominate due to rising residential and commercial projects globally. Furthermore, rapid infrastructure development globally is expected to facilitate segmental growth. Regionally, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Rising Focus on Infrastructure Development to Foster Market Growth Steel wire is used to reinforce and strengthen building structures. A rising focus on infrastructure development in major countries is expected to foster the demand for the material. Furthermore, increasing residential and commercial projects by private and government firms are likely to escalate the material’s demand. Moreover, the rapid development of hospitals, offices, schools, and industries is expected to foster the wire’s sales. Also, the rising adoption of steel wire for the construction of dams, towers, and bridges is expected to foster its adoption. These factors may drive the steel wire market growth. However, the rising adoption of plastic ropes compared to their steel counterpart is expected to hamper the industry’s growth. Regional Insights Strong Demand for Construction Projects to Foster Market Growth in North America North America is expected to dominate the steel wire market share due to the robust demand for construction projects. The market in North America stood at USD 8.24 billion in 2018 and is expected to gain a huge portion of the global market share in the upcoming years. These factors may propel market growth in the region. In Europe, the presence of several significant manufacturing companies is expected to bolster steel wire demand. Further, the increasing adoption of the material for automobile applications is expected to boost industry growth. In Asia Pacific, the rising focus on infrastructure development by the governments of respective countries is expected to elevate steel wire production. This factor may propel industry growth in the region. Competitive Landscape Companies Announce Novel Products to Boost Brand Image The prominent companies operating in the market announce novel products to boost their brand image. For example, WireCo. announced TURBOLITE M, 8-strand steel ropes, in March 2019. The product targets the mining industry to strengthen the weight ratio while being lightweight compared to normal steel ropes. This launch may allow the company to attract consumers and elevate its brand image. Furthermore, manufacturers devise research and development, mergers, acquisitions, partnerships, and innovations to bolster their market position. Key Industry Development July 2022: JSL shall provide nearly 3,500 stainless steel wires to the Indian railway project for the Udhampur-Srinagar-Baramula Rail Link (USBRL) Tunnel Project. List of Key Players Profiled in the Market Report ArcelorMittal (Luxembourg) Bridon-Bekaert (Belgium) The Heico Companies (U.S.) Optimus Steel (U.S.) HBIS Group Co., Ltd. (China) Kobe Steel, Ltd. (Japan) WireCo WorldGroup Inc. (U.S.) JFE Steel Corporation (Japan) Nippon Steel (Japan) Insteel Industries (U.S.) SHAGANG GROUP Inc. (China) Byelorussian Steel Works (Belarus) Ferriere Nord S.p.a. (Italy)