Impact on Natural Gas and Oil Prices in the European Chemical Industry amidst COVID-19 Pandemic
Published: Oct 2020
European chemical industry will see a considerable growth of 1.8% during the forecast period. Key importers of Norwegian gas in Europe include UK, Germany, Belgium, and France. Currently, the natural gas and crude oil producers are facing concerns regarding production and supply due to the widespread of COVID-19 pandemic.
Impact of the COVID-19 Pandemic on China Chemical Industry will affect the Global Automotive Industry
Published: Oct 2020
China chemical industry will see a considerable growth of 3.3% during the forecast period. The outbreak of the COVID-19 has made the Chinese chemical industry under strain owing to the increased infection rate, city shutdowns, and transportation ceases across the nation. The rubber chemical is among the major components to produce auto tires and other auto parts including hoses, belts, and gaskets.
China will Foresee a Major Downfall in the Asia-Pacific Chemical Industry due to the COVID-19 Pandemic
Published: Oct 2020
Asia-Pacific chemical industry will see a considerable growth of 3.0% during the forecast period. The outbreak of the COVID-19 has made the Chinese chemical industry under strain owing to the increased infection rate, city shutdowns, and transportation ceases across the nation. China is the key supplier of different chemicals used in the formation of finished products such as plastic, fertilizers, and medicines and for other intermediate products used in countless industries.
Bailout Packages have been Steadily Driving the North American Aviation Industry amidst the COVID-19 Pandemic
Published: Oct 2020
The North American aviation industry will see a considerable growth of 4.2% during the forecast period. Airlines and airport managing companies are seeking bailout packages from the government. On March 16, 2020, Airlines for America, an industry trade organization that advocates for major US airlines asked for $50 billion in assistance from the federal government through $25 billion in grants, $25 billion in low-interest loans, and significant tax relief (which includes a $4 billion return for taxes they’ve previously paid). The US government agreed a $25 billion bailout for the beleaguered airline industry.
Production for Hygiene and Medical Products will Support the US Chemical Industry amidst the COVID-19 Pandemic
Published: Oct 2020
The US chemical industry will see the considerable growth of 2.0% during the forecast period. COVID-19 negatively impacted the operations of the chemical industries in the country due to the disruptions in the supply chain and closure of manufacturing plants. Though, the market players considerably overcome the loss with the production of hygiene and medical products for COVID-19.
Loan and Guarantees Provided by the Government will Assist Fuel of the US Aviation Industry Amidst COVID-19 Pandemic
Published: Oct 2020
The US aviation industry will see the considerable growth of 3.3% during the forecast period. The US is expected to hold a significant market share in the aviation industry. Before the COVID-19 outbreak, the factors that drive the aviation industry in the US were high disposable income, a large proportion of high-income groups coupled with a high number of passengers traveled from airplanes. The airline traffic in the US was plunged by 96.0% year-over-year from April 2019 to April 2020, according to the US Department of Transportation.
Travel Restrictions will Hamper UK Aviation Industry Amidst the COVID-19 Pandemic
Published: Oct 2020
UK aviation industry will see a considerable growth of 3.3% during the forecast period. As the cases in UK rose, the government took drastic measures to contain the COVID-19 pandemic by implementing flight restrictions on import, export, and tourism. Additionally, the travel restrictions on the foreign tourist and canceling visa on arrival further created a downfall in the country’s aviation industry. With the exponential rise in the COVID-19 cases in UK, the airlines have halted their businesses owing to partial or complete lockdown in the various cities.
Impact of COVID-19 Pandemic on the Renowned Airlines of Middle East & Africa Aviation Industry
Published: Oct 2020
The Middle East & Africa (MEA) aviation industry will see a considerable growth of 3.2% during the forecast period. The Emirates Group and Qatar Airways are one of the largest airlines in the Middle East and have gained global prominence in the recent past. The outbreak of COVID-19 affects the company’s operations of these airlines. Qatar Airways suspended all of its flights to and from Italy that was one of the worst-hit countries by the COVID-19.
Continuous Rise in COVID-19 Positive Cases will Affect the Latin American Aviation Industry
Published: Oct 2020
The Latin American aviation industry will see a considerable growth of 2.8% during the forecast period. According to data from the Civil Aviation Authority of Colombia, global passenger traffic doubled in the last 10 years, while cargo traffic increased by 25% in the same period. International institutions such as the ICAO play a fundamental role in the development of a global framework for aviation activity.
Aviation Manufacturing Industry will be Affected in Japan Amidst COVID-19 Pandemic
Published: Oct 2020
Japan aviation industry will see the considerable growth of 2.1% during the forecast period. The technological advancements in the aviation Japan’s sector are presenting various new opportunities for the airline companies to expand their businesses. Additionally, increasing production of domestic passenger aircraft and various finished products including environmentally compatible engines, next-generation supersonic aircraft, safe flight control, and unmanned aircraft in the country will significantly drive Japan’s aviation industry.