Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Tragacanth market in this environment.
In terms of revenue, this research report indicated that the global Tragacanth market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Tragacanth industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ????Hawkins Watts aims at producing XX Tragacanth in 2020, with XX % production to take place in global market, ????Lakrena International accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Tragacanth Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Tragacanth Market?
Hawkins Watts
Lakrena International
Scents of Earth
Kachabo Gums
Triarco Industries Inc
Alfa Chemical Corp
Wizard's Cauldron
Polygal AG
...
Major Type of Tragacanth Covered in XYZResearch report:
Ribbon Form Tragacanth
Flake Form Tragacanth
Application Segments Covered in XYZResearch Market
Food Industry
Pharmaceuticals
Cosmetics
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Tragacanth Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Ribbon Form Tragacanth -Product Introduction and Major Manufacturers
1.1.2 Flake Form Tragacanth -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Tragacanth Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Tragacanth Market
3.1.1 Top Companies leading Tragacanth Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Tragacanth Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Tragacanth Market
3.2.1 Top Companies leading Tragacanth Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Tragacanth Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Tragacanth Market
3.3.1 Top Companies leading Tragacanth Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Tragacanth Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Tragacanth Market
3.4.1 Top Companies leading Tragacanth Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Tragacanth Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Tragacanth Market
3.5.1 Top Companies leading Tragacanth Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Tragacanth Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Tragacanth Market
3.6.1 Top Companies leading Tragacanth Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Tragacanth Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Tragacanth Market
3.7.1 Top Companies leading Tragacanth Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Tragacanth Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Tragacanth Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Tragacanth Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Tragacanth Sales and Growth Rate (2021-2026)
5.2 Global Tragacanth Sales Value and Growth Rate (2021-2026)
6 Tragacanth Competitive Analysis
6.1 Hawkins Watts
6.1.1 Hawkins Watts Company Profiles
6.1.2 Hawkins Watts Product Introduction
6.1.3 Hawkins Watts Tragacanth Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Lakrena International
6.2.1 Lakrena International Company Profiles
6.2.2 Lakrena International Product Introduction
6.2.3 Lakrena International Tragacanth Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 Scents of Earth
6.3.1 Scents of Earth Company Profiles
6.3.2 Scents of Earth Product Introduction
6.3.3 Scents of Earth Tragacanth Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 Kachabo Gums
6.4.1 Kachabo Gums Company Profiles
6.4.2 Kachabo Gums Product Introduction
6.4.3 Kachabo Gums Tragacanth Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Triarco Industries Inc
6.5.1 Triarco Industries Inc Company Profiles
6.5.2 Triarco Industries Inc Product Introduction
6.5.3 Triarco Industries Inc Tragacanth Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 Alfa Chemical Corp
6.6.1 Alfa Chemical Corp Company Profiles
6.6.2 Alfa Chemical Corp Product Introduction
6.6.3 Alfa Chemical Corp Tragacanth Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 Wizard's Cauldron
6.7.1 Wizard's Cauldron Company Profiles
6.7.2 Wizard's Cauldron Product Introduction
6.7.3 Wizard's Cauldron Tragacanth Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 Polygal AG
6.8.1 Polygal AG Company Profiles
6.8.2 Polygal AG Product Introduction
6.8.3 Polygal AG Tragacanth Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
7 Conclusion
The global Tragacanth Gum (Cas 9000-65-1) market is expected to reach US$ XX Million by 2028, with a CAGR of XX% from 2023 to 2028, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market playe...
The global Tragacanth market is expected to reach US$ XX Million by 2028, with a CAGR of XX% from 2023 to 2028, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field eva...
The global Tragacanth Gum market is expected to reach US$ XX Million by 2028, with a CAGR of XX% from 2023 to 2028, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field...
The global Gum Tragacanth market is expected to reach US$ XX Million by 2028, with a CAGR of XX% from 2023 to 2028, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field...
Summary
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The report offers detailed coverage of Tragacanth industry and main market trends with impact of coronavirus...
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The report forecast global Tragacanth Gum market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021E-2026F due to coronavirus situation.
The report offers detailed coverage of Tragacanth Gum industry and main market trends with impact of cor...
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The research team projects that the Tragacanth Gum market size will grow from XXX in 2020 to XXX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027.
The prime objective of this report is to help the user un...