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COVID-19 Impact on Synthetic Rubber in Chemical and Materials Industry | Data Bridge Market Research


COVID-19 Impact on Synthetic Rubber in Chemical and Materials Industry

INTRODUCTION

Rubber products are commonly used in day-to-day life activity. Synthetic rubber is the type of an artificial elastomer. The first synthetic rubber was created by Neoprene which is known as Polychloroprene in 1930 by a DuPont chemist. Synthetic rubber has the property of resistant to gas and oil due to which synthetic rubber is widely used in industrial machinery and automotive industries. In the 1930s, scientists from Germany created another form of synthetic rubber using co-polymers. During World War II, Japanese access to natural rubber was cut off in the South Pacific which increases the need for an alternative product and so natural rubber became necessary in the country due to the lack of access to natural rubber raw material or products, synthetic rubber was being used in various manufacturing and industrial sector. With the increasing popularity of synthetic rubber products, its application increases and has become the norm for most of the industries.
Synthetic rubber is made from the polymers synthesized which are the by-products of petroleum. Synthetic rubber has several properties as the products are solid, flexible and durable for longer duration. Synthetic rubber can easily be shaped into any form when heated and become strong when cools down. As synthetic rubber products are made from several elastomers mixtures which help to increase the strength of the synthetic rubber and make products resistant to heat, light and from different chemicals. Synthetic rubber when added to the other products during manufacturing makes the product heat as an electrical insulator.
Synthetic rubber is different from the natural rubber as natural rubber is a polymer that is derived from tree sap. The sap is exposed to natural air and temperatures which make natural rubber harden in nature. The nature rubber is heated with the sulfur and no other chemicals are added to the natural rubber products. Synthetic rubber is manufactured under factories under different processes which include the use of different catalysts to create the polymer. Different chemicals and compounds are used to make up different forms of synthetic rubber which are used for several applications in industries.
Synthetic rubber is manufactured from the raw material which is derived from petroleum, coal, oil, natural gas, and acetylene and many of them are the co-polymers. Naphtha is produced during the refining process of the synthetic rubber. The naphtha product is extracted which can be mixed with natural gas to create more monomers such as styrene and isoprene which are essential for synthetic rubber manufacturing. Synthetic rubber products are of different types and have the different chemical properties and used in several applications. Styrene-butadiene rubber and butadiene rubber (both of which are buna rubbers) are commonly used in tire production which are used in the automotive industry. Synthetic rubber are used in several applications which are tires, clutches, engine bearings, conveyor belts, industrial goods, seals for drinking water and another type of acrylonitrile butadiene rubber (NBR) is used in industry for the heavy duty applications as the product is resistant to fuel and oil, has good temperature properties and is resistant to abrasion.
The different types of the synthetic rubber are:
· Acrylic Rubber (ACM)
· Butadiene Rubber (BR)
· Butyl Rubber (IIR)
· Chlorosulfonated Polyethylene (CSM)/ Hypalon
· Ethylene Propylene Diene Monomer (EPDM)
· Fluoroelastomers (FKM)/ Viton
· Isoprene Rubber (IR)
· Nitrile Rubber (NBR)
· Perfluoroelastomer (FFKM)
· Polychloroprene (CR)/ Neoprene
· Polysulfide Rubber (PSR)
· Silicone Rubber (SiR)
· Styrene Butadiene Rubber (SBR)

IMPACT ANALYSIS OF COVID-19 ON SYNTHETIC RUBBER MARKET

The COVID-19 have created the pandemic situation in all over the word due to which the economy of all the regions have been affected on the larger extent and will recover in very steady pace. No sector such as manufacturing and automotive is immune from the effect of the COVID-19, all the manufacturers in the regions have faced the ups and down in the business due to the COVID-19 situation and unable to forecast the demand of the products. The government and the higher authorities have taken strict actions for lowering the spread of the COVID-19 which has resulted in the lockdown in the countries and halt in the production of the finished goods. The pandemic have hit the economy very hard worldwide as the lockdown was imposed in all the regions which have made the situation challenging for all sectors for growth and also the developing activities would be done in the different stages.
Manufacturers have faced several problems in the production of the synthetic rubber due to the disturbance in the supply chain of the raw material due to the COVID-19. The demand of the synthetic rubber in industries got declined by 15%-17% approximately due to lower demand by the tyres manufacturers in the global market. The activity of the stock lifting from tyres factories and transporting the inventory to auto manufacturers globally came to a standstill after the government of different countries announced a lockdown due to the COVID-19. The demand of the synthetic rubber has fallen in the industries due to the lower production of the finished goods which resulted in the fall in the price of the synthetic rubber in the global market. The export and import of the synthetic rubber in different countries have fallen down due to the pandemic situation created by COVID-19.
Synthetic rubber products are more used in the tires productions which are used in the automotive industry. The tires are used in all kinds of the vehicles from light weight to heavy duty vehicles but due to the spread of the COVID-19 in the countries, the transportation have declined due to which the demand for synthetic rubber in tyres industry have fallen down. The demand of the tyres have fallen down in the automotive by 37%-40% approximately due to which the demand of the synthetic rubber has fallen down. The tyres manufacturers also producing at 20%-25% of their total capacity due to lower demand by the global automotive market during the period of the COVID-19 which has resulted in the lower demand of the synthetic rubber.
Large as well as small industries have faced the problem for the production of the synthetic rubber products as skilled labor is required for the production of finished products from synthetic rubber. All the labor have moved to different places which have created a challenge for the manufacturers during the COVID-19 situation which has also affected the demand of the synthetic rubber globally. Synthetic rubber are also used in several industries such as foot wear but due to the lock down, the demand of the synthetic rubber was also fallen by 28%-30% in the foot wear industry. The increasing demand of the automotive spare parts and production in the automotive industries will increase the demand for the synthetic rubber globally and also the increasing demand of the footwear globally will help to boost synthetic rubber market after the COVID-19 period.

IMPACT ON END-USERS OF SYNTHTIC RUBBER PRODUCTS

IMPACT ON AUTOMOTIVE INDUSTRY
The automotive industry has been hit sharply by the COVID-19. The production of the automobiles has been on halt since the demand of the spare parts of the automobile have declined. The most important thing in the automobiles is the tyres of the cars or the two-wheelers but due to the lockdown the production of the automobiles have declined due to which the demand of the tyres by the manufacturers have also declined and thus the manufacturers have to face losses which resulted in the decline of the growth of the synthetic rubber in the global market. Automobile industries are running at losses due to the COVID-19 outbreak and delaying the production of the new models and also in launching of the new models.
For instance,
· The delay in the launch of BMW X1 facelift electronic car was planned in March in India
· ETAuto got delayed or postponed due to the coronavirus crisis and the lockdown uncertainties
· Mercedes-Benz EQC 400 electric SUV delayed its launch due to the spread of coronavirus
· General Motors is delaying the upcoming reveal of the new all-electric Hummer truck because of the COVID-19 pandemic
· The delay in the launch of Volkswagen T-Roc electronic car was planned in March in India
European automotive sector have faced unexpected crises as BMW and Volkswagen concentrated on their new products instead and Euro Temporary closures of plants and industries has been accounted by European Automobile Manufacturers’ Association (ACEA) due to collapsing demand of automobile in the region, supply shortages due to supply chain disruptions with other regions. Society of Indian Automobile Manufacturers (SIAM) also declares that the auto industry will result in estimated loss of USD 23,000 million loss per day due to lockdown.
FIGURE 1 LIGHT VEHICLE SALES, FEB 2019 VS. FEB 2020 (IN THOUSAND UNITS)

From the above chart, we can infer that the demand of the light vehicles have declined in several countries as in China, the sales of the light vehicle was 1300 thousand units in February 2019 which gets declined to 100 thousand units in February 2020. In Japan, the sales of the light vehicle was 350 thousand units in February 2019 which declined to 300 thousand units in February 2020. In South Korea, the sales of the light vehicle was 620 thousand units in February 2019 which was declined to 120 thousand units in February 2020. As the sales is declining resulted in the lower production in the automotive industry which leads in the decline in the demand of the tyres and the demand of the synthetic rubber fall in the global market.

IMPACT ON FOOTWEAR INDUSTRY

Synthetic rubber are more used in the footwear industry as it is easy to fold and cut due to the property of flexibility which increases its demand in the foot wear industry. The cascading effect of the spread of the coronavirus can also be seen on the footwear industry. Footwear industry also have to face the pandemic situation created by the COVID-19. The production in the footwear industry has been on halt due to the lock down and shortage of the labor in the factory. The demand of the footwear on all distribution channels have declined globally due to which manufacturers have to face the challenge of the stock clearance. Synthetic rubber is used in the manufacturing of the sole of the footwear. The decline in the demand of the footwear has resulted in decline in synthetic rubber during the COVID-19.
Several manufacturers have to face the loss of revenue due to the lower demand of the footwear during the COVID-19 which is near to 38%-45% due to which the production of the footwear have been slow in the COVID-19 period which decline the demand of the synthetic rubber. The exports of the footwear have declined near to 37% during the COVID-19 period which lowers the revenue generation for the footwear manufacturers.

IMPACT ON PRICE OF THE SYNTHETIC RUBBER PRICE

FIGURE 2 PRICE OF SYNTHETIC RUBBER (JANUARY 2020 – JULY 2020) (USD)

From the above diagram, we can infer that the price of the synthetic rubber is falling on constant rate as due to the fall in the demand by the automotive, tyre and footwear industry. The price of the synthetic rubber in January 2020 was USD 150.80 which fall to USD 132.00 in the month of April 2020, when the lockdown have increased, the production activity have fallen down due to which the demand of the synthetic rubber have fallen down. In the month of May 2020, the price was USD 120.10 which have again fallen to USD 114.10 in the month of July 2020.

CONCLUSION

The COVID-19 crisis has created the pandemic situation widely which has affected the growth of the synthetic rubber market as the demand in the tyres, automotive and footwear industry have fallen down in all over the world. As the government imposed lockdown rules for all the manufacturing due to which manufacturers were not able to produce the synthetic rubber for the specific application as the raw material for the product is not available easily due to the disturbance in the supply chain which lead to the huge loss to manufacturers and will show a steady growth in coming years. The price of the synthetic rubber have fallen down due the lower demand in the market as the import and export of the finished goods and raw material have become difficult in the COVID-19 situation.
Lock down for more than 3 months in the countries have resulted into the declining of the demand of the synthetic rubber in the tyres and automotive industry during the COVID-19. With unlocking of the regions and countries, the demand of the automotive, tyres and the footwear industry will increase which will help to boost the demand for the synthetic rubber globally.
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Caustic Soda Market Asia-Pacific dominated and contribution Research Report 2026
Allied Market Research recently published a report, titled, "Caustic Soda Market by Production Process (Membrane Cell, Diaphragm Cell, and Others) and Application (Organic Chemical, Inorganic Chemical, Alumina, Pulp & Paper, Soap & Detergent, Water Treatment, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global caustic soda industry was pegged at $36 billion in 2018 and is projected to reach $55.8 billion by 2026, registering a CAGR of 5.5% from 2019 to 2026. Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/6244 Chief reasons for market fluctuations: Rise in demand for caustic soda from application and surge in R&D activities for development of new products & production processes are the major factors driving the growth of the global caustic soda market. However, hazards associated with caustic soda impedes the growth to certain extent. On the contrary, emerging chemical sector is expected to create lucrative opportunities in the near future. The membrane cell segment to rule the roost through 2026: Based on production process, the membrane cell segment held the largest share in 2018, accounting for more than two-fifths of the global caustic soda market. This is due to its increase in use for organic chemicals applications. On the other hand, the diaphragm cell segment is expected to portray the fastest CAGR of 6.2% during the forecast period. This is due to the rise in use of diaphragm cell in pulp & paper, and water treatment process. The organic segment dominated the market: Based on application, the organic chemicals segment held the lion's share in 2018, contributing to nearly one-fifth of the global caustic soda market. This is due to increase in demand for caustic soda in U.S and Canada. However, the pulp and paper segment is expected to manifest the fastest CAGR of 6.9% during the forecast period. Increasing use of Caustic soda in chemical pulping processes such as in sulfate and sulfite is driving the growth of this segment. Asia-Pacific held the largest share in 2018, followed by North America: The global Caustic soda market across Asia-Pacific dominated in 2018, contributing to more than half of the market. Moreover, the region is expected to register the fastest CAGR of 6.0% during the study period. This is due to rise in number of health-conscious consumers in this region. The strong base of caustic soda production and increasing consumption is expected to offer growth to the market. On the other hand, North America held the second largest market share in terms of revenue in 2018. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6244 Major market players · AkzoNobel · Occidental Petroleum Corporation · BASF · FMC Corporation · Arkema Group · Dow Chemical Company · Solvay SA · BAYER AG · Tata Chemicals Limited · Eastman Chemical Company Obtain Report Details: https://www.alliedmarketresearch.com/caustic-soda-market About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter
Global Smart material market is classified based on Geography
A new report by Allied Market Research, titled, "Smart Material Market - Global Opportunity Analysis and Industry Forecast, 2015 - 2022," projects that the global smart material market is expected to generate revenue of $72.63 billion by 2022, with an estimated CAGR of 14.9% from 2016 to 2022. Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/1504 In the year 2015, Asia-Pacific was the highest revenue-generating region, owing to high adoption of products developed by using smart materials in various end-user industries such automotive, manufacturing, construction, and defense along with large number of small players offering smart materials. Furthermore, the region is projected to continue its dominance throughout the forecast period, due to increasing adoption of Internet of things (IoT) applications. North America was the second largest market, in terms of revenue generation, followed by Europe. Major factors that boost the smart material market in Asia-Pacific region include growing geriatric population, declining prices of smart materials, and improving standards of living in countries such as India, China, and Japan. In addition, evolution in IoT and increasing demand for connected devices are projected to drive the market growth worldwide. In the year 2015, the actuator & motor segment dominated the market with around 44% share, owing to high performance, innovation, and continuous improvements in variety of industrial applications. In terms of growth, the sensor segment is projected to expand at the highest CAGR of around 18% during the forecast period. This is attributed to widening applications of connected devices equipped with smart sensors by end users. Among key end users, industrial segment led the market followed by defense & aerospace, both collectively accounted for around 62% of the market revenue in 2015. The global smart material market is classified based on geography into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific generated the largest revenue in 2015, followed by North America. Asia-Pacific is projected to expand at the highest CAGR of around 16% during forecast period. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1504 Key Findings of the Smart Material Market Study: · Major driving forces for the growth of smart material market are increasing penetration of consumer electronics, rising uptake of connected devices among various end-user industries, and continuous technological advancements. · Transducer segment dominated the smart material market in 2015; however, the sensor segment is expected to grow at a fastest CAGR. · Asia-Pacific dominated the market in 2015, and is expected to register the fastest growth over the forecast period. The report features a competitive scenario of the global smart material market. It provides a comprehensive analysis of key growth strategies adopted by major players. Key players adopt product launches, digital expansion, and mergers & acquisitions as their key growth strategies to expand their presence and gain a competitive edge. Companies profiled in the report include KYOCERA Corporation, Noliac A/S, APC International, Ltd., TDK Corporation, CTS Corporation, Channel Technologies Group, LLC, LORD Corporation, Advanced Cerametrics, Inc., Metglas Inc., and CeramTech GmbH. Obtain Report Details: https://www.alliedmarketresearch.com/smart-material-market About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter
Welding Consumables Market Projected to Grow at a Significant CAGR during the Forecast 2017-2023
According to a new report published by Allied Market Research, titled, "Welding Consumables Market by Type, End-user Industry, and Welding Technique: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global welding consumables market was valued at $12,405 million in 2016, and is projected to reach $18,286 million by 2023, growing at a CAGR of 5.7% from 2017 to 2023. The solid wires segment was dominant, accounting for around half of the market share in 2016. Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/2534 Welding consumables are flux and filler materials that liquefy during welding to produce strong joints. The selection of welding consumables is dependent on the type of end use. Growth in construction and automotive industries, rise in the number of applications across various end-user industries, increase in usage of welding consumables for repair & maintenance purpose, and surge in global energy infrastructure investments drive the market growth. More than 90% of welding consumables and welding equipment products are sold through dedicated partners, system integrators, and distributors. System integrators are involved in sales of robotics, which have initialized welding units used in automated manufacturing. Regulatory authorities present in welding consumables market include European Union (EU), Occupational Safety and Health Administration (OSHA), American Welding Society (AWS), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), and American National Standards Institute (ANSI). In 2016, the solid wires segment accounted for more than one-third of the market share, in terms of revenue, owing to their ability to weld numerous types of materials having varied thicknesses, and ease of use. In addition, these wires prevent oxidation, enhance the life of welding contact tip, and aid in electrical conductivity. The factors that are considered during selection of welding consumable for specific application are thickness of the material, wire feed settings, proper shielding gas, and voltage settings. The energy segment is projected to grow at a significant CAGR during the forecast period due to growth in the number of investments in renewable power sources, stimulating the need for new projects. Asia-Pacific is anticipated to grow at the highest rate, owing to the large number of ongoing & proposed energy projects in China & India. The SAW fire & fluxes segment is anticipated to have largest demand in the wind sector, while increase in the number of thermal projects is expected to boost the growth of stick electrodes and solid wires. Delay in nuclear power projects, especially in North America and Europe, restrains the global market in the energy industry. The arc welding segment accounted for the maximum share, in terms of both volume and revenue, in 2016 due to its low-cost welding solution, which requires minimal equipment, high heat concentration, enhanced corrosion resistance, and uniformity in metal deposition. Furthermore, the high heat concentration utilized increases penetration depth and speedup welding operation. Shielded metal arc welding (SMAW), gas metal arc welding (GMAW), flux cored arc welding (FCAW), and gas tungsten arc gas welding (GTAW) are the most popular procedures utilized in the welding industry. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2534 KEY FINDINGS OF WELDING CONSUMABLES MARKET STUDY · Asia-Pacific is expected to lead the market during the forecast period, followed by Europe. · The flux cored wires segment is expected to show the highest growth rate by type in Europe, registering a CAGR of 6.9% from 2017 to 2023. · The energy segment is expected to show the highest growth, registering a CAGR of 6.5%. · South Africa accounted for 7.8% share, in terms of volume, in the LAMEA welding consumables market in 2016. · UK accounted for 9.95% share, in terms of revenue, in the European welding consumables market, in 2016. · India is expected to grow at the highest CAGR of 7.7% in the Asia-Pacific region. Asia-Pacific and Europe collectively accounted for more than half of the share of the global market revenue in 2016. In the same year, Asia-Pacific dominated the market, owing to the growth in automotive sector and increase in construction activities. Moreover, initiatives taken by government authorities to support growth of manufacturing sector are expected to boost the demand for welding consumables in the region. The significant market players profiled in the report include Colfax Corporation (U.S.), Fronius International GmbH (Austria), Hyundai Welding Co., Ltd. (Singapore), Illinois Tool Works Inc. (U.S.), Kemppi Oy. (Finland), Obara Corporation (Japan), Panasonic Corporation (Japan), The Lincoln Electric Company (U.S.), Tianjin Bridge Welding Materials Group Co., Ltd. (China), and Voestalpine Böhler Welding GmbH (Germany). Obtain Report Details: https://www.alliedmarketresearch.com/welding-consumables-market About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter
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COVID-19 Impact on Zoledronic Acid in Chemicals and Materials Industry | Data Bridge Market Reserach
COVID-19 Impact on Zoledronic Acid in Chemicals and Materials Industry The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the latest situation report by World Health Organization (WHO), 175 million cases of the corona have been reported globally and 4 million patients are dead due to the coronavirus. On a slightly positive note, a total of 158 million people have recovered and total of 2 million vaccine doses have been administered as well. Zoledronic acid is a bisphosphate drug that reduces bone loss and treats bone complications such as low bone density. The acid is majorly used for the treatment of hypercalcemia, prevention of bone fracture, and other bone-related indications. The major factors contributing for the growth of the market are rise in prevalence of cancer, trend of sedentary lifestyle, increase in obesity cases, and smoking leading to bone complications. However, owing to the current COVID-19, there has been disrupting and delaying of many patients with bone diseases. The pandemic have affected the Zoledronic acid market in three ways, that is, by directly affecting production and demand, by creating supply chain and market disruption and by its financial impact on firms and financial markets. For instance, · In April, 2020 American Society for Bone and Mineral Research (ASBMR) set up a steering committee of bone specialist to manage the treatment of targeted bone disorders amid pandemic. The pandemic has negatively impacted the Zoledronic acid market as pharmaceutical companies witnessed a setback in the supply chain management owing to imposition of lockdown by government. The lockdown has also impacted orthopedic appointments negatively as it is crucial to have a physician’s consultation for bone complications and other conditions. IMPACT ON DEMAND With the lockdown all orthopedic appointments were discontinued as they are medically unnecessary. Since the pandemic, lockdown situation the economic growth of country is declining. And the manufacturing units for various items that are considered non-essential are shut down due to the non-availability of manpower. The pandemic has caused major destruction in the delivery of the healthcare products across the world. It has posed limitations on many patients to access standard health services such as visits to healthcare professionals, medications and diagnosis. It has adversely impacted the ability of patients and practitioners to adhere to treatment guidelines. Moreover, the demand for Zoledronic acid and growing awareness about current and new products is also fueling the market. For instance, · Dr. Reddy’s Laboratories Ltd, which is one of the key producer of Zoledronic acid and its financial performance for the twelve-month period ended 31 December, 2020 stated that they have experienced both negative and positive impacts of the pandemic but overall operations and product demand remained very stable and strong. However, the negative impact of the pandemic on Zoledronic acid market will be soon mitigated as different states/ countries allow medical clinics to reopen, services and once again being offered. IMPACT ON PRICE Due to the pandemic, the market is disturbed to a very big level. The several establishments has to remain shut while others to scale down or put on hold expansion plans as they tried to survive the unprecedented crisis. Due to the impact of the coronavirus, many large pharmaceutical companies have placed new trials on hold and numerous small, mid-size, and large enterprises have suspended ongoing ones, thereby demonstrating the magnitude of the disruption. There have been uncertain past months due to the emergence of COVID-19. The sale of some company’s products experienced a downfall while others managed to stay afloat. For instance, · According to the annual report of Dr. Reddy’s Laboratories the sale of its products increased from USD 1,538.51 million in 2019 to USD 1,746 million in 2020. · According to the annual report of Abbott Laboratories (2020), the sale of products saw increase in the sales. The revenue was USD 3791, 89 million in 2019 which increased to USD 4207, 53 million in 2020. As this lockdown has put manufacturers and distributors in worry due to the hindered supply of the key materials for the product, especially the raw material, it will surely lead to change in prices up to an extent. IMPACT ON SUPPLY CHAIN As the world came to halt in the last few months due to the emergence of pandemic, the supply chain couldn’t escape the impact. The government throughout the globe imposed total lockdown which led to supply chain disruptions. Consequently, the supply chain came to standstill due to the closure of borders. Even though the demand for Zoledronic acid remained untouched up to an extent, the availability was affected due to disruption in supply chain, trade and travel restrictions. Supply of raw material, was also affected, due to which the production was effected. The outsourcing services which are providing warehousing, storage and other services face challenges too. They are totally dependent on the logistic and transportation of chemical compound raw material from the outsourced service to the researchers desk. However, the sudden shut down globally with ban in travel this process get disrupted. Still the companies managed to overcome the challenges and saw high growth. For instance, · Abbott Laboratories continuously kept the close contact with suppliers and customers to mitigate any delays arising from stretched supply chain. They are in constant communication with their manufacturing supply chain to keep up the supply of products for their customers. However, the companies have been faced with substantial business and operational disruptions, which includes everything from mitigating the effects of reduced supply, to managing disruptions to logistics suppliers, and indeed hurdles in meeting their own contractual obligations to customers. The pandemic have forced the companies to rethink their supply chains and their stability and reliability for an uncertain future, including other externalities and government actions through the world, which begun impacting supply chains, such as issues of sustainability. STRATEGIC INITIATIVES BY KEY PLAYERS As the reality of COVID-19 dawned upon the world, manufacturing and production unit of companies involved Zoledronic acid key players formed strategies so as to mitigate with the limitations occurred due to the virus and keep their business running At the individual company level, companies are now more focused on operational resilience and accelerating initiatives that enable more agility, and transparency through greater deployment of analytical tools and automation. Companies are considering re-evaluating their strategies, risk tolerance and overall footprint. For instance, · In September, 2020 a retrospective study was conducted by Journal on oncology in china to check the safety profile of Zoledronic acid. The study aimed to investigate whether the long-term ZA treatment had greater benefits than short-term in patients. However, to address the crisis all companies in this market are revisiting their financial trajectories and framing new strategies that will lead to bring out solutions in the market resulting in increased business efficiency. CONCLUSION COVID-19 has impacted each and every sector with global Zoledronic acid market being no exception as it has been affected the same. Different companies dealing in Zoledronic acid has been finding out their own way to deal with this pandemic situation. The government and companies around the globe are working together and have issued advice for those undergoing treatment for bone complications during these unprecedented times during COVID-19 lockdown around the world. However, in the crisis call pharmaceuticals, key players, government bodies and healthcare organizations are working closely with healthcare professionals, customers, and patients for betterment of public health. Thus, it is reasonable to assume that constraints on gathering and movement have disproportionally impacted people who use Zoledronic acid. Moreover, healthcare industries and government bodies are exclusively concentrating on how they can make effective and best contribution to control the spread of the virus and save lives. They are also ramping up production of essential medicines to new levels and ensure that the speed doesn’t affect or destroy the quality of products.