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TECHNICAL GLASS MARKET ESTIMATE TO BOOST GROWTH IN DEMAND BY : GLOBAL FORECAST, 2026

Post Time:Jun 10,2020Classify:Industry NewsView:1004

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Pegged at the global revenue of more than US$ 26 billion, technical glass sales are witnessing most of the revenue generation from consumer electronics.

A recently released intelligence outlook by Persistence Market Research forecasts that the global revenue through sales of 

Source: https://3wnews.org/uncategorised/Author: shangyi

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