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Phenolic Resin Market Size Worth USD 15.3 Billion by 2026

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Recent Research Study by Acumen Research and Consulting titled “Phenolic Resin Market Size, Share, Scope, Growth Opportunities and Forecast, 2019-2026”.

LOS ANGELES, July 12, 2019 (GLOBE NEWSWIRE) — The global phenolic resin market is expected to grow at CAGR 4.8% during the forecast period, 2019-2026 and will reach over USD 15.3 Billion by 2026.

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The global phenolic resin market represents huge numbers in terms of overall consumption and in terms of market value. One of the protuberant factors driving the consumption of phenolic resin is use of resin in the preparation of industrial paints & decorative coatings. Construction industry is the make shareholder in this market due to rising residential construction activities and resulting demand for paints and coatings products. Introduction of water-borne coatings is driving the uses of phenolic resin. Resin based coatings products are witnessing relatively greater adoption over other coatings. This is due to dual benefits associated with epoxy resins such as protection and decorative properties. Moreover, use of resins in electrical application for insulation purpose is also gaining prominence on account of its high physical as well as dimensional properties. Hence, rise in production of high end electronics devices set to enhanced consumption for phenolic resin. Automotive production is rising like anything driven by massive demand for luxury car segment. In some of the developing countries such as India, Russia, and China there has been increased demand for luxury cars as a result of increased economic spending of middle class populations. Automotive industry is a vital consumer of epoxy resin, wherein it is used in the protective for vehicle production along with for aesthetics and durability. However, availability of closer alternative and its healthy adoption may hamper the growth of the phenolic resin market. Advancement in the industrial coatings due to green initiatives by global regulatory bodies anticipated to offer healthy growth opportunities during the forecast period. 

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The global phenolic resin market is segmented by type, application, and region.

On the basis of type, the phenolic resin market is segmented into novolac resin, resol resin, and others. Based on application type, the global phenolic resin market is segmented into wood adhesives, insulation, coatings, laminates, paper impregnation, foundry, molding compound, and others. On the basis of end-use, the market is segmented into automotive, furniture, electrical & electronics, building & construction, industrial, and others.

Geographically, the global phenolic resin market is segmented into four regions: North America, Europe, Asia Pacific, and Middle East & Africa

Asia-Pacific is the largest market for phenolic resin the globe. It has accounted largest marker share both in terms of value and volume in 2017 and likely to continue the same during the forecast period. Some of the key factors driving the growth of Asia-Pacific region include rising disposable income linked with rapid lifestyle changes and high demand for packaged food. Apart from this high adoption of Phenolic Resin in personal care and cosmetics, medical and pharmaceutical, and food & beverages industry is further contributing into the overall growth. North America is another attractive region for Phenolic Resin market. Technologically sound nature of this region expected to contribute significantly in the product development which further expected to develop the growth for phenolic resin. Europe hold the growing market for the phenolic resin market.

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The factors driving the growth of the phenolic resin market in Europe are availability of the huge investment, presence of many companies, and rapidly growing packaging industry have driven the phenolic resin market in Europe. Germany and U.K dominates the Europe phenolic resin market. Presence of wee government support, and continually increasing demand for the phenolic resin will drive the market in this country. LAMEA holds the least share in the market. However continuously development in the packaging industry will support the growth of the market. North America holds the second leading position in the market due to stringent government regulations and growing consumer preferences over packaged food and beverages ultimately leading to the growth of the market. According to OECD, in 2015, the recycling rate of the U.S. was 34.6%. U.S. steel container manufacturers reported a unit increase of 2.66 percent from 2014. Acquisitions and mergers have paved the way for the market to gain significant traction and is likely to witness traction in coming years. Continuously developing packaging industry and increasing investment of the company will derive the North America phenolic resin market.

Some of the key industry players operating in the Flint Group, Siegwerk Druckfarben AG & Co., Huber Group, Sun Chemical Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG., INX International Ink Co, Toyo Ink SC Holdings Co, ALTANA AG and XSYS Print Solutions (Shanghai) Ltd. among others.

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IT Industry

Trakopolis Announces Results of Annual General and Special Meeting

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CALGARY, Alberta, July 19, 2019 (GLOBE NEWSWIRE) — Trakopolis IoT Corp. (TSXV: TRAK) today reported the results of its Annual General and Special Meeting of Shareholders held on Friday, July 19, 2019 (the “Meeting“).

At the Meeting, shareholders approved the appointment of Tracy Graf, Brent Moore, Chris Burchell, Anthony Dutton, Cameron Olson, Gil Sonnenberg and Frank Turner as directors of the company. Shareholders also approved the reappointment of KPMG LLP as the Company’s auditors as well as the Company’s Stock Option Plan.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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IT Industry

West High Yield Completes Second Tranche of Private Placement and Terminates Market Making Services Agreement

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CALGARY, Alberta, July 19, 2019 (GLOBE NEWSWIRE) — West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV: WHY) announces that it has completed the second and final tranche of its previously announced non-brokered private placement of units (“Units“). The Company issued 258,000 Units at a price of $0.25 per Unit for gross proceeds of $64,500 under the second tranche. The Company wishes to correct its statement in the press release issued June 7 regarding the number of units issued pursuant to the first tranche closing. In total, 609,000 units were issued as part of the first tranche for gross proceeds of $152,250.

In aggregate, the Company issued 867,000 Units at a price of $0.25 per Unit for gross proceeds of $216,750 under the private placement. Each Unit consists of one common share in the capital of the Company (a “Common Share“) and one-third of one common share purchase warrant (a “Warrant“). Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.45 for a period of one year from the date of issuance of the Warrant. 

All of the securities issued under the private placement are subject to a four month resale restriction. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. 

Net proceeds are expected to be used for the environmental base line study, environmental assessment study and mine plan and permit application and Industrial Mineral Mine Permit application for the Company’s Record Ridge deposit near Rossland, British Columbia and general corporate purposes. Although the Company intends to use the proceeds of the offering as described above, the actual allocation of proceeds may vary from the uses set out above, depending upon future operations, events or opportunities. 

An insider of the Company subscribed for 133,000 Units, for a total of approximately 15% of the private placement. The private placement is therefore deemed to be a “related party transaction” as defined under Multilateral Instrument 6-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Neither the Company, nor to the knowledge of the Company after reasonable inquiry, the insider participant in the private placement, has knowledge of any material information concerning the Company or its securities that has not been generally disclosed.

The private placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(c) and 5.7(1)(b)) as it was a distribution of securities for cash and neither the fair market value of the Units distributed to, nor the consideration received from, the insider participant exceeded $2,500,000.

The Company also announces termination of the agreement with Questrade, Inc. to provide market making services to the Company previously announced May 10, 2019.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel and magnesium properties.

For further information please contact:
 
 
Frank Marasco
President and Chief Executive Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Email: frank@whyresources.com 
Dwayne Vinck
Chief Financial Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 257-2637
Facsimile: (403) 206-7159
Email: vinck@shaw.ca 

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the terms of the proposed non-brokered private placement of Units, the proposed use of proceeds and the Company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. 

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive. 

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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IT Industry

Breast Reconstruction Market Size to Hit USD 3.6 Bn by 2026

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Acumen Research and Consulting, recently published report on “Breast reconstruction Market Size, Share, Trends, Scope, Growth and Forecast 2019-2026”.

LOS ANGELES, July 19, 2019 (GLOBE NEWSWIRE) — The global breast reconstruction market is estimated to grow at a significant rate of 6.5% during the forecasted period 2019 to 2026 and is expected to reach over 3.6 billion by 2026.

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The global breast reconstruction market is driven by rising number of breast implantation across the globe, increasing prevalence of breast cancer, and increasing healthcare expenditure by major economies across the world. Investments in R&D and increasing government support the breast reconstruction market growth. Moreover, surge in the per capita healthcare expenditure, are some of the vital factors driving the global breast reconstruction market growth during the forecast period 2019-2026. Other factors such as increasing awareness among people regarding breast reconstruction and changing lifestyle are likely to boost the market growth in the near future. However, lack of skilled professionals in the under developed region including Latin America and developing region including the Middle East & Africa is the major factor which is likely to slow the market growth during the forecast period 2019–2026.

The global breast reconstruction market is segmented by product, shape, and end user.

On the basis of product, the breast reconstruction market is segmented into tissue expander, implants, silicone breast implants, and others. Silicone breast implants holds the major share in the global market owing to the various advantages over old and other available options.

Based on shape, the global breast reconstruction market is segmented into round, and anatomical.

Based on end user, the breast reconstruction market is segregated into hospitals, cosmetology clinics, and ambulatory surgical centers, and others.

The global breast reconstruction market is segmented on the basis of the region covering North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

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North America Breast reconstruction market is expected to be the biggest market across the globe. Growth of the North America breast reconstruction market is attributed to the advancements in the medical technology as well as the extensive use of new implants. The U.S. Breast reconstruction market is expected to account for largest in the North America market owing to the technological advancements in the region and high awareness regarding breast reconstruction and presence of huge patient population. Increasing investment in research and development by major players has supported the growth of the breast reconstruction market. Moreover, high spending power of the people will support the breast reconstruction market in North America. Growth of the Europe breast reconstruction market is attributed to the increasing government support and presence of major players in the region. Ongoing research & development in the region over breast reconstruction is the other factor which is expected to propel the market growth further. Asia Pacific is the fastest growing market for breast reconstruction and is expected to grow at high pace owing to the entry of major players in the region due to presence of huge population base suffering from breast cancer. Countries such as Japan, China, and India are considered as the major countries contributing to the market growth, owing to the availability of research facilities. Additionally, the growth is attributed to the presence of skilled workforce such as several research scientists and others. The market in the Middle East and Africa holds the least but growing market share owing to the rising demand for the poor economic condition, research activities and healthcare services, and less development in medical facilities especially in African region.

Some of the key players in the global breast reconstruction market include Mentor Worldwide LLC; POLYTECH Health & Aesthetics GmbH; Sientra, Inc.; Deal Implant Incorporated; Allergan Inc.; Establishment Labs S.A; GROUPE SEBBIN SAS; Integra LifeSciences Corporation; RTI Surgical Holdings, Inc.; and GC Aesthetics.

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