As per a recent market analysis by Future Market Insights (FMI), the global automotive appearance chemicals market is poised to expand at a 4.9% CAGR, totaling US$ 41.7 Bn in 2031. Rapid urbanization, easy credit availability and increasing per capita expenditure is elevating demand for automobiles across the globe. Key automotive manufacturers are increasing their production capacities to cater the …
Category Archives: Press Release
Two Step PET Stretch Blow Molding Machines to Prove More Economical in the Near Future
PET stretch blow molding machines produce bottles for juices, water, soda, detergents, soda bottles and several other products by stretching pre-forms in both the axel direction and the hoop direction. The PET stretch blow molding machines market is expected to witness a sluggish growth that is mainly driven by the large consumer base of the …
Vials and blisters will account for more than half of unit-dose packaging for pharmaceuticals sold by 2031: a study
According to a study by Future Market Insights (FMI), the pharmaceutical unit dose packaging market is expected to experience a shift in the way it operates as manufacturers focus on increasing productivity through automation system integration. According to the report, the market will exceed $26.1 billion by 2021 and record double-digit YoY growth between 2020 and 2021. A …
Paper Cores Demand Catalyzes amid High Emphasis on Circular Economy: FMI Study
The global packaging industry has witnessed spectacular gains in recent years, with numerous innovations and technological advancements acquiring precedence. Specific emphasis is laid on sustainability and ensuring the prevalence of a circular economy. Credible gains have been accrued with respect to reducing municipal solid waste generation. As per an OECD report, total share of landfilled …
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Mining Lubricants Market is slated to reach US$ 2.98 Bn by 2030, FMI Study
Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 3.4% growth through the forecast period (2022-2030). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with coal and iron ore mining sector driving demand. Manufacturers are working on product differentiation strategies …
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Precipitated Silica Market is witnessing increased traction from various end-use industries such as automobiles, cosmetics and construction
Precipitated silica is witnessing increased traction from various end-use industries such as automobiles, cosmetics, construction, electronics, and agriculture. Investment in infrastructure, coupled with increasing disposable income will further the demand of precipitated silica used in manufacturing paints, coatings, cosmetics, and oral care products. Global precipitated silica market revenues will reach US$ 5.9 Bn by 2029 supported by …
2-EthylHexyl Acetate Market Participants Accounting for a High Industry Share, FMI Study
High boiling point and good solvent power of 2-ethylhexyl acetate maket it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate. The …
Propyl Acetate Market to Grow Nearly 6% CAGR by 2029, Backed by Increasing Preference for Propyls over Ethyls
Growing preference for propyl acetate over ethyl acetate in several end-use industries, especially in the printing ink industry, is expected to boost its demand in the coming years. A clear, colorless liquid that has distinguishable acetate odor of pears, and is highly flammable, propyl acetate finds application across diverse industries due to its superior solvent and …
Propanol Market to Witness Improved Sales of Pharma-and Electronic-grade Isopropanol, Projects FMI Report
Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline. This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Mn in 2022, and is projected to experience …
Demand for Synthetic Quartz on Upswing with Expansion of Electronics & Semiconductor Industry; Quartz Crystal Gaining Traction
The global market value of synthetic quartz is nearly US$ 98 Mn, and the electronics industry accounts for more than 3/4th of total sales. As suggested by a new Future Market Insights (FMI) study, the global synthetic quartz market is set for notable growth during 2022 – 2029. The electronics industry solely relies on components …