Luxury Perfume Market is Rising Due to Growing Brand Consciousness Among Millennials

The luxury perfume market is set to witness steady growth during 2021-2031. Increasing expenditure for luxury products and growing brand consciousness among millennials is supporting the market growth from last few years and will further create growth opportunity in future for luxury perfume market.

Because of the high demand from the younger generation, major players in the market have come up with innumerable offers for their products along with customized packaging of high-end perfumes. In this way, the product becomes quite affordable and supports market growth.

What is Driving Demand for Luxury Perfume Market?

Trending online channels, such as Amazon, Flaconi retail, and Parfumdreams, have been demonstrated as a new and convenient way to distribute a fragrance, even though consumers may be able to test the fragrance before purchasing. Various modes of promotions and advertisements in the market are very prominent, thereby driving the consumers to prefer online channels.

The growing influence of social media habits on shopping habits and celebrity endorsement is likely to contribute luxury perfumes market growth in the coming years. In addition, the easy availability of high-end perfumes in various regions through an online platform has had an influence on sales of luxury perfumes over the past few years.

Moreover, key players in the market are focusing on introducing natural fragrance in premium categories owing to the increasing concerns over toxins and allergies caused by using synthetic ingredients. Approximately 75% of millennial women prefers natural based ingredients, as a result, natural luxury perfumes is set to gain comparatively higher traction over the luxury perfumes, which is expected to spur industry growth in the future.

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Substantial Demand for Unisex Perfumes

The demand for unisex perfumes and fragrances is growing and gaining popularity all over the world, as millennial consumers are more focused on expressing their personalities and individuality through their fragrances, and mostly choose scents with inimitable personal appeal. Thus, manufacturers engaged in this market are trying to bring affordable and most unique options for their consumers.

The demand for perfume-oriented unisex is particularly among male consumers, where the consumer is looking for a luxurious classic fragrance. Furthermore, celebrity endorsements in the unisex fragrances, along with use of various natural fragrances, such as pink pepper, orange flower, and cedarwood is gaining popularity globally, among consumers.

Such genderless fragrances targeting, both men and women consumers are becoming highly popular in countries, such as, the United States, France, Italy, Mexico, Kuwait, Saudi Arabia, among others. However, the category is still not highly popular in few markets, such as Brazil.

US and Canada Luxury Perfume Market Outlook

Rise in consumer expenditure on beauty and personal care products, growing knowledge about the therapeutic fragrance benefits, innovative product push strategy along with the increasing millennial population are some of the key drivers for the demand of luxury perfumes in the US market.

However, after the outbreak of COVID 19, consumers have shifted their preference from non-essential goods to buying quality essential goods. Further, less income generation and disruption in supply chain has affected the demand for luxury premium products in the U.S market.

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Europe Demand Outlook for Baby Personal Care

Europe Luxury Perfume Market is expected to witness healthy growth in coming years owning to the growing popularity of working women. Also, buoyant income growth in these region is increasing consumer spending on luxury perfumes.

Furthermore, Europe is one of the fastest changing beauty market and experiencing increasing demand for high end products like luxury perfume. As a result, many big foreign manufacturers are expanding their footprints in the European market.

Big brands have been focusing on the development of innovative packaging, advanced products design, natural composition of ingredient’s, with advanced technology to meet the local needs. In addition, the rapidly growing e-commerce sector in the luxury perfume industry is likely to increase sales in the coming years.

However market is also facing some restraints. Availability of counterfeit products, side effects that comes with the usage of chemical ingredients, and high manufacturing cost due to numerous quality check, are posing some major challenge for market growth.

Who are the Key Manufacturers of Luxury Perfume Market?

Some of the leading manufacturers luxury perfume market includes

  • Chanel S.A.
  • Estée Lauder Companies Inc
  • Guccio Gucci S.p.A
  • Hermès International S.A.
  • Ralph Lauren Corporation
  • Gianni Versace S.r.l.
  • Luxury Fragrance Company
  • LVMH
  • L’Oréal S.A
  • Coty Inc.
  •  PVH Corp.
  • Compagnie Financière Richemont SA Louis Vitton
  • Clive Christian
  • Floris London
  • Giorgio Armani S.p.A.
  • Creed Boutique, LLC
  • L&L Luxury Company LTD
  • Bulgari S.p.A.
  •  Pheonix Fragrance Ltd., among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By End Users Type:

  • Female
  • Male
  • Unisex

By Price:

  • Below US$ 50
  • US$ 50 – US$ 100
  • US$ 100 – US$ 200
  • Above US$ 200

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Departmental Stores
  • Multi-brand Stores
  • Online Retailers
  • Direct Sales
  • Other Sales Channel

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Water Treatment Polymers Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

The increasing use of water treatment polymers in various industries is expected to drive the growth of the water treatment polymers market. According to a new analysis by Future Market Insights (FMI), the market is expected to be worth US$ 3.30 billion by the end of 2031.

Rising demand for continuous water supply from the mining and metals, food and beverage, oil and gas, semiconductor, and pharmaceutical industries, as well as rising demand for potable water supply, are the primary factors driving the worldwide water treatment polymers market.

Growing usage of water treatment polymers in municipal and industrial segments will continue to be a major development driver. Municipal and industrial water treatment together account for more than a third of the market.

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Key Takeaways of water treatment polymers Market Study

  • Driven by application across diverse sectors, the water treatment polymers market will surge at 6.9% CAGR between 2021 and 2031
  • Government initiatives towards ensuring safe water has enabled the U.S. account for dominant 86.5% of North America market in 2021
  • The demand in the U.K. will remain steady, exhibiting 3.6% y-o-y growth in 2021
  • Increasing investment in waste water treatment to drive growth in Germany and France
  • Government initiatives towards curbing air, water, and land pollution to drive growth in Japan and South Korea

Who is Winning?

The global water treatment polymers market can be considered as fairly fragmented. A large number of players account for a small share of the total water treatment polymers market. In order to survive in the market, manufacturers are focusing on long-term contracts with end users for maximizing profits and ensuring continuous revenue flow.

Key market participants including Suez Water Technologies and Solutions, Solenis, Ecolab Inc., Kemira Oyj, Thermax Limited, Chemigate ltd., Alken-Murray Corporation, Aries Chemical Inc., Chemco Products Inc., CHEM.ENGI s.r.o., SNF Group, Accepta Water Treatment products Co., Beackart Environmental Inc., Pentair, Dow Chemical Company, and ShanDong XinTai Water Treatment Technology Co. Ltd. are focusing on increasing their share in global market by entering into strategic acquisitions with local and regional players.

Water Treatment Polymers Market by category

Product Type

  • Polyacrylamides
  • Polyacrylates
  • Quaternary Ammonium Polymers
  • Polyamines

Application

  • Preliminary Treatment
  • Water Treatment
  • Sludge Treatment

End-Use

  • Residential Buildings
  • Commercial Buildings
  • Municipality
  • Industrial

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Want to Know More?

Future Market Insights has published a market research report on the Water Treatment Polymers market that contains global, regional, and 20+ countries’ industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Water Treatment Polymers market through four different segments- product type, application, end use and region. The Water Treatment Polymer market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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Oxalic Acid Market to be worth US$ 1.19 Bn by 2028 | CAGR of 3.9%

Oxalic acid is used in nearly every major industry, including water treatment chemicals, petrochemicals, medicines, and others. According to a recent Future Market Insights (FMI) analysis, the worldwide oxalic acid market is predicted to be worth $1,191.0 Mn by 2028.

The industrial sector in Asia Pacific is expanding rapidly, increasing demand for oxalic acid in the region. Furthermore, rising worries about water treatment are projected to propel the worldwide oxalic acid market in the near future.

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The Potential Impact of COVID-19

The novel coronavirus outbreak has been sweeping across regions and the global economic order. In line with this, the oxalic acid market is expected to witness dip in value creation due to price volatility, short-term market uncertainties, and decreasing adoption in majority of key application areas. Travel restrictions imposed by governments worldwide will hamper the market growth, especially business activities that require face-to-face meetings. Furthermore, logistical hurdles will remain a challenge, considering short-term growth projection of the market.

Key Takeaways of Oxalic Acid Market Study

  • Increasing concerns regarding the need for sterilization of pharmaceutical equipment is expected to propel the demand for technical/pharma grade oxalic acid over the forecast period. Standard grade holds a prominent share of the oxalic acid market; however, this share is expected to decline over the forecast period.
  • The market in Asia Pacific is significantly diverse in terms of customer base, innovations, and geopolitical conditions, as well as regulatory scenario. The GDP of this region is expected to witness significant growth in the foreseeable future, and this is expected to propel the growth of the oxalic acid market.
  • The oxalic acid market in Asia Pacific, including China, India, and Indonesia, is expected to gain traction in the foreseeable future, attributable to growing industrial activities and urbanization in the region.

Market Landscape: Fairly Fragmented

The global oxalic acid market is fairly fragmented, owing to a number of players holding small shares in the market space. The top ten established players account for more than half of the total supply. Manufacturers are focusing on strengthening their partnerships with end users and government entities. Key players such as Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Shijiazhuang Taihe Chemical Co., Ltd., Spectrum Chemical Manufacturing Corp., Shandong Fengyuan Chemical Co., Ltd., Penta s.r.o., and others, are also focusing on marking their direct presence in local markets.

What Does the Future Hold?

The global oxalic acid market is expected to grow at a moderate rate over the forecast period, on account of its increasing demand in the petrochemical industry in developing countries. Moreover, increasing awareness about the sterilization of medical equipment, in both, developed and developing countries, is further expected to fuel the growth in the market. Increasing awareness in these countries will help increase the adoption of the product in the foreseeable future.

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Want to Know More?

Future Market Insights has published a market research report on the oxalic acid market that contains global industry analysis of 2013-2021 and opportunity assessment for 2022–2028. The report provides insightful analysis of the oxalic acid market through four different segments – grade, application, end use, and region. The oxalic acid market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Reusable Straws Market is Set to Witness Steady Growth over 11% During 2021-2031

The reusable straws market is set to witness steady growth over 11% during 2021-2031. Environmental corporate social responsibility management and strategy has been reshaping the consumer behavior.

Sustainable development and an eco-friendly lifestyle has become a go-to strategy for the environmentally awoke population, especially the Millennial; thus, explaining the surge in demand for reusable straws.

Plastic has grown synonymous to environmental pollution, all forms of it, be it land, water or air. In United States, millions of plastics straws are thrown each day, meanwhile United Kingdom contributes close to 4.4 billion of straws annually. Such humungous numbers have led to an understanding and realization among people over the need for reusable straws.

Reduce, reuse and recycle have failed to change the dynamics of the plastic pollution resultant of the consumption of straws. Globally, 79% of plastic waste ends up in landfills, dumps or in the environment; 12% of plastic waste is incinerated; while only 9% is recycled.

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Subsiding plastic pollution through community efforts is possible by refusing to purchase items made of plastic, advocating for more sustainable alternatives, while recycling as much as possible. On the hindsight, reduce and reuse are the most recommended approaches since recycling of micro-plastics is another major concern.

The sustainability quotient demands a change in the product portfolio and therefore the demand for alternatives such as reusable straws.

Government Initiatives Likely to Augment Shift towards Reusable Straws

Government initiatives concerning the ban of plastic are a big relief to the society. Major level of reduction in the consumption rate of plastic disposable straws can be put into action by strict regulatory norms. In 2018, the European Union proposed a new rule banning the 10 single-use plastic products most often found on Europe’s beaches and seas, with regard to items such as cutlery, plates, straws, drink stirrers, and balloon sticks.

The U.K. has also brought into place a similar plan banning plastic straws, stirrers, and plastic-stemmed cotton swabs. Public recognition and contribution has been considered of paramount importance. On similar lines, February 23, 2018 has been declared as National Skip the Straw Day, a day to remember the impact of single-use plastics and efforts to stem the tide of litter and waste.

A major development in the reusable straws industry is the reduction at point source. HoReCa is a major contributor of plastic straws; therefore, it is imperative that substitution of plastic straws with sustainable alternatives as reusable straws including the likes of bamboo straws, stainless steel straws and glass straws takes an upsurge in demand within the industry.

US and Canada Reusable Straws Market Outlook

US and Canada remain prospective areas for reusable straws sales. The shift towards reusable straws and ban of straws and single-use plastics has witnessed an upward trajectory in the countries. The prime reason for shift in plastic culture in US is the monstrous amount of plastic consumption, an approximate of 500 million plastic straws and stirrers. In July 2018, Seattle became the largest US city to ban plastic straws.

Starbucks and McDonald’s have abolished the use of plastic straws, an initiative holding high magnitude and significant deduction in the plastic dump created by the HoReCa sector. Rising demand for takeaways and highly penetrating coffee culture had played a major role in the increase in consumption of plastic straws. The adoption of reusable straws has possibly reduced the plastic piling and also propagating the demand for reusable straws.

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Europe Demand Outlook for Reusable Straws

Europe has been severely impacted by the COVID-19 crisis, resulting in a decline in economic activities. The hospitality sector has been thrashed by the lockdown restrictions thus explaining the drop in sales for straws in general. However, the fall in sales was short-lived and with take-home services rebounding, the demand projection over the forecast period is likely to take an upward motion for reusable straws.

In the U.K., Queen Elizabeth II banned plastic straws and bottles from all royal estates, cafes, and gift shops while Prime Minister Theresa May announced a Britain-wide ban on the sale of plastic straws, stirrers, and plastic cotton swabs.

British businesses like Waitrose, London City Airport, McDonalds UK, and Costa Coffee have imposed a ban on straws, Ryanair focuses on becoming “plastic free” by 2023, and Marriott is implementing a straw ban at all 60 British properties.

Bars in Italy are shunning the use of plastic straws and adopting bio-straws instead. Italy has resorted to pasta straws, in a bid to avoid plastic straws thereby reducing plastic waste. Likewise, other European countries have been following the suit. A London-based company, Stroodles has edible, biodegradable pasta straws made from water and wheat, making these 100% vegan as well.

Who are the Key Manufacturers and Suppliers of Reusable Straws?

Some of the leading manufacturers and suppliers of reusable straws include

  • The Final Co. LLC
  • OXO Tot
  • Klean Kanteen
  • GoSili
  • Koffie Straw
  • Greens
  • Off the Grid with a Kid
  • EcoVibe
  • Buluh Straws
  • Grass
  • Simply Straws
  • Flyby
  • Hummingbird
  • HIWARE
  • Slurp
  • Ozak, Asp
  • Hand LLC

With plastic straws turning a taboo worldwide, manufacturers have resorted to the manufacture of sustainable alternatives with innovative design concept and composition, in order to gain a competitive edge in the market. For instance, Cooperativa Campo, a company based out of Italy created Canu, a gluten-free straw made in Italy using corn and rice.

Besides being completely biodegradable, it does not constitute any harmful ingredient and is safe to eat. Additionally, these straws can be easily recycled for other uses as animal feed.

In a similar case, a Californian brand The Amazing Pasta Straw serves the restaurants reduce the pollution footprint through straws made of wheat and water, capable of holding shape when inserted in soft drinks and likely to decompose virtually overnight after being discarded.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments of Reusable Straws Market

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By Type:

  • Metal (Stainless Steel)
  • Silicone
  • Glass
  • Bamboo
  • Others

By Sales Channel:

  • Modern Trade
  • Direct Sales
  • Convenience Stores
  • Specialty Stores
  • Mono-brand Stores
  • Other Sales Channel

By End-use Industry:

  • Residential
  • Foodservice
  • Institutional

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Ammonium Phosphate Market to Display Impressive Growth of 3.3% with Rising Demand

Over the forecast period, the ammonium phosphate market is expected to increase at a 3.3% annual pace (2019-2029). In rising economies, demand for fertilizers remains stable or even increases. Other end-use industries, such as electronics and optics, are supplementing the ammonium phosphate market’s expansion.

With revenues exceeding US$ 40 billion in 2018, the market is expected to continue growing between 2019 and 2029. The market is being driven by the role of ammonium phosphate as a firming agent and acidity regulator. Over the forecast period, the worldwide ammonium phosphate market is expected to rise at a moderate 3.3% CAGR.

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Key Takeaways of Ammonium Phosphate Market Study

  • Fertilizers industry accounts for substantial ammonium phosphate demand.
  • Rising uptake of ammonium phosphate in fire extinguishers is propelling the market growth.
  • Gains in ammonium phosphate market to remain consolidated in Asia Pacific.
  • Europe and North America ammonium phosphate market will witness modest growth through 2029.
  • Demand for organic fertilizers will limit the growth of ammonium phosphate market in developed regions.

Demand for Mono-ammonium Phosphate to Remain Rampant in Fertilizers

Mono-ammonium Phosphate (MAP) is a chief component of granular fertilizer. The pH regulation and water solubility are two most sought-after attributes of MAP. Farmers continue to prefer ammonium phosphate for sustained and healthy growth of plants. The augmented demand for MAP in high-pH soils is particularly fuelling the market.

In suspension fertilizers, ammonium phosphate is used in powdered form. Moreover, MAP has good handling and storage properties which are boosting its demand among consumers. However, the ongoing debate over the potential environmental impact of ammonium phosphate based fertilizers is limiting the market growth.

Asia Pacific Acquires 32.6% Revenue Share in Ammonium Phosphate Market

Demand upsurge for fertilizers owing to increasing population is boosting the ammonium phosphate market in Asia Pacific. The predominant markets for ammonium phosphate are China and India. On that premise, Asia Pacific constitutes approximately 32.6% revenue share in ammonium phosphate market.

On the other hand, consumers in Europe and North America have growing inclination towards organic fertilizers. The ammonium phosphate market growth in these two regions will be relatively sluggish on that account. Moreover, stricter environmental norms in developed economies will hamper the growth of regional ammonium phosphate market.

Geographic Expansion Remains Chief Strategic Tenet of Global Players

The competitive landscape of ammonium phosphate market is consolidated in nature at the global level. However, in certain regions, it remains fragmented with proliferation of SMEs. Key manufacturers featured in this study include, but are not limited to, are OCP SA, Wengfu Group, Yara International ASA, Solvay S.A., Coromandel International Ltd., Lanxess AG, Nutrien Ltd., Jordan Phosphate Mines Company, and Haifa Group.

Premier companies in ammonium phosphate market are focused on geographic and operational expansion for greater market foothold. However, the demand for inorganic fertilizers continues to stagnate in developed economies. Manufacturers thus need to divert their resources towards Asia Pacific market where use of ammonium phosphate based fertilizers is still prevalent.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global ammonium phosphate market. The major categories encompassed by the report include product type (mono-ammonium phosphate, di-ammonium phosphate, and ammonium polyphosphate), application (fertilizers, food & beverages, fire extinguishers, detergents & soaps, and water treatment chemicals) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Rainbow Flatware Market is Set to Witness Steady Growth During 2021-2031

The rainbow flatware/cutlery market is set to witness steady growth during 2021-2031. The flatware industry has developed over the course of the years as it improves the feasting experience as well as the style of the kitchen.

Further, demand for rainbow flatware/cutlery will witness a steady recovery in the short-term, with an optimistic growth outlook in the coming foreseeable future. Factors such as ascend in spending on luxury flatware, robust growth in the online food delivery services, rising product visibility in multi-retail outlets, and e-Commerce are propelling the market growth in the coming forecast period.

How Product Variants & Lucrative Price will propel the Market?

Higher product penetration, shift in consumer’s brand loyalty and ascend in the competition have forced the manufacturers to come up with new varieties in flatware/cutlery market.

Further, manufacturers are focusing on offering luxury flatware set, which is designed & manufactured as per the consumer preference, i.e. offering customization on flatware/cutlery sets which would help the players to attract and gain trust among the customers.

Due to high competition, the manufacturers are bound to introduce several varieties of flatware’s which can attract the consumers as they are more inclined towards choices. Moreover, the companies have shifted their focus from high-income group to low and mid-income group people which would help to increase their sales in terms of both value and volume.

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How Online Food Delivery Services Creates Lucrative Opportunity?

There has been a dynamic change in the consumer consumption pattern in food & beverages industry. The presence of online food delivery service providers, for example, Zomato, Dunzo, and Swiggy among others are shifting the consumer buying food preference in India.

Further, disposable flatware/cutlery is considered an exceptionally valuable and convenient method for delivering food in the online foodservice market. In addition, this type of rainbow cutleries empowers them to serve food items in a jazzier way.

Other than this, ascend in internet infiltration supporting the food delivery industry has been creating a lucrative opportunity for disposable rainbow flatware/cutlery.

The market is projected to grow due to the ongoing pandemic situation and ascend in demand for wrapped disposable cutlery solutions owing to health & hygiene risk often allied with a dispensed type of cutlery.

US and Canada Rainbow Flatware/Cutlery Market Outlook

North America region is anticipated to be the second biggest region in the global rainbow flatware/cutlery product adoption in which the United States holds the major market share owing to rise in the spending power of an individual.

Further, the future of the rainbow flatware/cutlery market looks lucrative with promising circumstances in the residential, and commercial segments. One of the main considerations driving the growth of the US rainbow flatware/cutlery demand is the rise in the adoption of luxury flatware/cutlery for domestic use across the country.

Europe Demand Outlook for Rainbow Flatware / Cutlery

Europe is anticipated to hold the market prominence in the worldwide rainbow flatware/cutlery market because of its higher appropriation, especially in Western European countries like France, Italy, and Germany.

Ascend in advanced and environment-friendly products, approach in marketing management, and aggressive pricing strategies are different variables considered by the manufacturers of rainbow flatware/cutlery to compete in the market.

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Who are the Key Manufacturers and Suppliers of Rainbow flatware / cutlery?

The rainbow flatware market is highly fragmented with the presence of large number of players, and it’s intensely competitive. However, large players compete to integrate novel technologies to render effective products and services. Such advancements are aimed to see the high demand for rainbow flatware/cutlery in both residential and commercial sectors.

Some of the leading manufacturers and suppliers of rainbow flatware/cutlery

  • Elyon Tableware
  • Snb Enterprises Private Limited
  • Iqra Home Collection
  • Berglander Inc.
  • Fine Arts Overseas
  • Liyanu
  • Sharecook
  • HaWare
  • Home Arts
  • Okean Enterprises
  • Cambridge Silversmiths
  • Mepra
  • CoolCookware
  • Peroptimist
  • Gaazky
  • Lazycorner
  • Others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

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Key Segments of Rainbow Flatware/Cutlery Market

By Type:

  • Disposable
  • Non-Disposable

By Product Type:

  • Spoons
    • Rainbow Tall Drink Spoons
    • Colorful Flower Spoons
    • Tea Spoons
    • Sporks
  • Knifes
    • Table Knifes
    • Butter Knifes
    • Steak Knifes
    • Dessert Knifes
  • Forks
    • Salad Forks
    • Dinner Forks
    • Dessert Forks
    • Oyster Forks

By Material Type:

  • Stainless Steel
  • Plastic
  • Aluminum
  • Titanium
  • Others

By Sales Channel:

  • Residential
  • Commercial
    • Hotels
    • Cafeterias
    • Restaurants
    • Others

By Sales Channel:

  • Modern Trade
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailers
  • Other Sales Channel

By Price Range:

  • Under US$ 25
  • US$ 25 – US$ 50
  • US$ 50 – US$ 100
  • US$ 100 & Above

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Soft Magnetic Composites Market Is Expected To See a growth of 8.7% | Future Market Insights

Because of its ferromagnetic properties, soft magnetic composites (SMCs) are widely used in the automotive industry. The global soft magnetic composites market is expected to grow at a rapid pace during the forecast period of 2022-2029, reaching a value of US$ 80 billion in 2029. The proper SMC combination results in a technology that uses less energy, is more efficient, and can be used in severe frequencies and temperatures.

Demand for soft magnetic composites for electrical coils, motors, generators, transformers, inductors, sensors, and other applications is likely to increase in the future years. Given this, FMI expects the global soft magnetic composites market to be worth US$ 79,365.8 million by the end of 2029.

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Key Takeaways

  • Demand for electrical steel segment is expected to grow at a healthier rate. Its market share is anticipated to increase owing to application in different end-use industries, along with cost-effective nature of the material.
  • 5P type, though most expensive, is prominently used in the power generation industry. As the demand for this segment is increasing, SMC manufacturers are under high pressure to reduce its price.
  • The Asia Pacific region holds a prominent share of soft magnetic composites market owing to the constantly increasing presence of strong electronic and automotive sector in countries such as China, India, ASEAN Countries, and Japan.
  • East Asia is projected to be a hub for electronic industry, countries such as China, are anticipated to be at the epicenter of opportunities in the electronic industry.
  • Soft magnetic composites are increasingly gaining traction within the 3D-printing technology space.

Market Landscape Moving towards Consolidation

The soft magnetic composites market is highly consolidated owing to the prominence of handful of players with extensive R&D capabilities. Key manufacturers in the tier I such as GKN Powder Metallurgy (Melrose PLC) and Hitachi Metals Ltd. are pushing towards consolidation by opting for growth strategies such as acquisitions, joint ventures, and others.

Soft Magnetic Composites Market Taxonomy

Material

  • Electrical Steel
  • Soft Ferrite
  • Iron Powder

End Use

  • Automotive
  • Industrial Machinery & Equipment
  • Consumer Goods
  • Power Generation
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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Know More About Report Inclusions

Future Market Insights has published a market research report on the soft magnetic composites market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the Soft magnetic composites market through three different segments, namely material, type, application, end-use industry, and region. The soft magnetic composites market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world along with a detailed overview of the parent market.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Wi-Fi SD Cards Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast

The global Wi-Fi SD cards helps in sharing HD photos & videos within seconds of being shot andareestablishing its place in large application portable devices. Advancement in the feature of Wi-Fi SD cards like SDAC/SDXC/SDUC is probably going to drive the utilization of Wi-Fi SD cards. Additionally, increasing utilization of cameras, laptops, mobile phones, and other portable devicesworldwide is likewise contributing to the growth of Wi-Fi SD cards.

Further, manufacturers are adding innovative features to the Wi-Fi SD cards to attract the customerswhich will help them to increase sales in terms of volume. Features, for example, memory-extension option, waterproof Wi-Fi SD cards, and others with an ability to withstand outrageous climatic conditions are being introduced in the worldwide market.

Moreover, rapidly growing popularity of drones in North America and Europe to capture stunning aerial videos and are also used for security purpose, with the improvement in the video quality from 720p or Full HD (2K) to 4K and 8K. This means drones would require high capacity SDHC/SDXC cards in future which would increase the demand for Wi-Fi SD cards in these regions.

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Global Wi-Fi SD Cards Market: Market Dynamics

How Cameras and Camcorders One of the Significant Market Drivers for Wi-Fi SD Cards?

The rising prerequisite for Wi-Fi SD cards in cameras and camcorders will be one of the significant Wi-Fi SD cards market drivers. With the ascent in the quantity of web-based media stages like Instagram, Snapchat, YouTube, Facebook, and Twitter, individuals are learning tips and deceives to improve their photography abilities to acquire appreciation.

This rising commonality of different highlights of photography among individuals is driving the interest for high-pixel advanced cameras and camcorders. In addition, though the digital cameras and camcorders have their own in-buildstoragedevice, this in-build storage device can hold a couple of best-quality shots and driving the requirement for a Wi-Fi SD card to store additional photos. This increasing need for extra storage in cameras and camcorders will drive the interest for Wi-Fi SD cards

How Portable Devices Sales in the Market Drives the Sales of Wi-Fi SD Cards?

Worldwide sales of gaming devices, mobile phones, laptops, and other portable devices are expanding with the introduction of new brands with enhanced features. Thus, this is driving the demand for Wi-Fi SD cards to be utilized in almost all portable devices.

Expanding utilization of different applications is additionally resulting in the growth of the Wi-Fi SD cardsglobal sales. Manufacturers are launchingWi-Fi SD cards that can be utilized for a prolonged time in unexpected temperatures. Organizations are additionally launching new Wi-Fi SD cards that work for specific gadgets, for example, iOS based gadgetsand Android-based gadgets with interesting features.

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What are the Various Factors Creates Lucrative Opportunity for Wi-Fi SD Cards?

Different variables are contributing to the growth of Wi-Fi SD cards, for example, convenience, superior, and conservative for storing heavy data in various portable devices. Rising popularity of gaming, sharing HD/ 8K pictures presents a colossal opportunity for the Wi-Fi SD cards manufacturers.

As individuals are purchasing Wi-Fi SD cards for storing their pictures, games, and other data.Wi-Fi SD cards are additionally can be utilized for an enormous scope in security and guard to store the footage by asurveillance camera. Moreoverthese days, Wi-Fi SD cards are likewise utilized in 3D printing with the assistance of wireless printer technology.

How IoT is Boosting Wi-Fi Card Global Sales?

The growing utilization of Internet of Things (IoT) innovations is boosting the worldwide market for Wi-Fi SD cards. Portable connected devices require more storage space to manage large amount information data. Henceforth, Wi-Fi SD cards can assume a significant part in IoT devices. Manufacturers are launchingfastest and largest capacity Wi-Fi SD cards to stay competitive in the global Wi-Fi SD cards market.

Further, the utilization of Wi-Fi SD cards in savvy homes and home energy management frameworks for recording data like energy utilization and storing sensor logs. In general, IoT frameworks associated with the internet require a security function to provide antivirus and anti-hacking capabilities.

It is expected that robust security functions like secure fast boot, data encryption, and secure Wi-Fi SD cards controller FW update functions, especially for IoT frameworks, will be included in future Wi-Fi SD cards.

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How has Covid-19 impacted the Sales of Wi-Fi SD Cards?

In the circumstance of the COVID-19 pandemic and the new variant -VUI, continuing business activities has gotten especially troublesome as practically all the manufacturing units are shut and the production has been halted through which many small scale manufacturers are facing losses.

Thus, in the year 2020 between Q1 to Q3 to keep up with the business operations has become particularly difficult for small scale manufacturers which would have a significant effect on the target product sale of Wi-Fi SD cards.

Global Wi-Fi SD Cards Market: Key Players

The key players in the global Wi-Fi SD Cardsmarket are

  • PNY Technologies Inc.
  • Panasonic Corporation
  • Toshiba America Inc.
  •  Kingston Technology
  • ADATA Technology Co. Ltd.
  • Sony Corporation
  • Canon
  • Micron Technology Inc.
  • Samsung Electronics Co. Ltd.
  • SanDisk Corporation
  • Others.

What Drive the Sale of Wi-Fi SD Cards in U.S. Market?

Growth of the Wi-Fi SD cardsdemand is essentially determined by progressions in technical innovation, wide accessibility of rich media content, and sales of digital cameras, game devices, laptops, tablets, mobile phones, and other portable devices.

Different trends driving the demand of the Wi-Fi SD cardsin the US market includeslaunching of Wi-Fi SD cards with high transfer and compose speeds, growth in advancement of wireless technologies, and increasingstorage capacity of Wi-Fi SD cards.

How big is the Opportunity in India for Wi-Fi SD Cards?

It is visualized that 5G technology is probably going to offer ascent to circumstances through digitization by the introduction of new administrations & products, new intermediaries in the value chain and more prominent efficiencies in productivity across industry verticals.

Further, with the growing product visibility and ascend in the demand of game devices, digital cameras, laptops, and other portable devices in developing economies like India, Indonesia, China, Bangladesh, and among others would provide lucrative opportunities for Wi-Fi SD cards in the forecast period.

Is South Africa Lucrative Market for Wi-Fi SD Cards?

The portable devices market is growing especially in developing regions like Middle East & Africa, Eastern Europe, and Latin America. Lower-priced portable devices such as laptops, PC, gaming devices, and others are sold in these regions and their internal storage capacity is relatively smaller than portable devices sold in developed regions. Wi-Fi SD cards let consumers to expand their device storage and share their files within seconds.

The report covers exhaustive analysis on

  • Wi-Fi SD Cards Market Segments
  • Wi-Fi SD Cards Market Dynamics
  • Wi-Fi SD Cards Market Size
  • New sales of Wi-Fi SD Cards
  • Current Trends/Issues/Challenges in the Wi-Fi SD Cards Market
  • Competition & Companies Involved in Wi-Fi SD Cards Market
  • New Technology for Wi-Fi SD Cards
  • Value Chain of the Wi-Fi SD Cards Market

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, & Argentina)
  • Europe (Germany, Italy, France, U.K, Spain, Russia, & among others)
  • East Asia (China, Japan, & South Korea)
  • South Asia (India, Indonesia, Thailand, & Malaysia)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global Wi-Fi SD cards market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Wi-Fi SD Cards Market: Market Segmentation

On the basis of Storage:

  • 2 GB
  • 4 GB
  • 8 GB
  • 16 GB
  • 32 GB
  • 64 GB
  • 128 GB

On the basis of Application:

  • Digital Cameras
  • Tablets
  • Mobile Phones
  • Game Devices
  • Others

On the basis of Price Range:

  • US$ 25 to US$ 50
  • US$ 50 to US$ 100
  • US$ 100 to US$ 200
  • US$ 200 & Above

On the basis of Sales Channel:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Electronics Stores
  • Multi-brand Stores
  • Online retailing
  • Others

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Vapour Barrier Market Is Expected to reach US$ 25.85 Bn by 2029

Sales of vapour barriers are expected to expand steadily in the next years, driven mostly by continuous use in the building and construction industry. According to a recent Future Market Insights (FMI) analysis, the worldwide vapour barrier market will grow at a CAGR of roughly 4.4% between 2022 and 2029.

Water condensation can damage even the most sturdy of structures, which is why vapour barriers are so important since they provide total insulation from vapour and moisture to building structures. The use of vapour barriers also allows for the most efficient operation of a space conditioning system, which increases their popularity in the building business.

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Key Takeaways – Vapour Barrier Market Study

  • Over the period of projection, building infrastructure, whether private/public or commercial/residential, will be based on green building concepts to strike a fine balance of environmental sustainability and modern amenities. As a result, the demand for vapour barriers is projected to significantly spur over the forecast period.
  • Polymer materials segment to retain its spot as a prominently preferred material followed by asphalt & bitumen, whereas drywall board lumber and gypsum board projected to observe growth at a swift pace in the market.
  • Membrane type vapour barriers are expected to register a dominating share due to their easy installation. However, the popularity of the coating segment is increasing across the globe in recent years due to its enhanced moisture resistance.
  • To meet stringent manufacturing rules and regulations, manufacturers are trying to increase the use of materials with high recyclability and decent biodegradability index. Also, due to new norms for VOC emissions, many manufacturers are looking to revamp their manufacturing process in order to minimize these emissions.

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How is Vapour Barrier Market Structure Defined?

The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.

More About What the Report Covers

Future Market Insights (FMI), published a thorough research analysis in its report for global vapour barrier market, offering information regarding historical developments from 2014-2021 and forecast projections and opportunity assessments on the basis of analysis for future scope and ongoing tends in the global market. The research study offers opportunity roadmap and market projections across the globe based on various categories such as material (glass, sheet metal, polymer, asphalt & bitumen, gypsum board, drywall/board lumber, plywood, concrete/brick), type (membranes, coatings, cementitious water proofing, and stacking & filling), site (external, internal), application (corrosion resistance, insulation, air insulation, sound insulation, thermal insulation, water proofing, material packaging & stacking, microbial & fungal resistance), end use (construction, packaging, automotive), and region (North America, Latin America, Europe, MEA, South Asia, East Asia, and Oceania).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Viscosity Index Improvers Market Worth US$ 4.69 Bn by 2029 | Future Market Insights

The growing need for high-performance lubricants with optimal viscosity has been a driving factor in the consumption of viscosity index improvers. Although the global market for viscosity index improvers is expected to reach $4,699.3 billion by 2029, the overall growth picture remains bleak.

OEMs and aftermarket operators’ consistent consumption of vehicle lubricants such as engine oil, transmission fluids, and brake oil will continue to significantly contribute to the growth of the viscosity index improvers market.

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Viscosity Index Improvers Market​ Key Takeaways

  • The demand for lubricants is estimated to reach 40 Mn Tons by the end of 2019.
  • The penetration of high performance lubricants in automotive as well as industrial sectors is increasing with growing focus on lubrication for performance efficiency of industrial machinery and automotive components.
  • Increasing labelling initiatives have propelled the demand for ISO-grade viscosity lubricants. High-quality lubricants have optimum viscosity, offer corrosion protection, and ensure oxidative stability.
  • Major companies are focused on the development of bio-preferred or bio-based products, which are compliant with the changing regulatory scenario. For instance, Croda International Plc is developing ester-based viscosity index improvers, which are bio-preferred.
  • High regulatory standards laid down by organizations such as NHTSA & EPA, and growing emphasis on fuel economy have made the usage of viscosity index improvers crucial.
  • Viscosity index improvers are commonly used in multi-grade engine oils. Increased adoption of high-performance engines has boosted the demand for high-quality engine oils with appropriate viscosity, which in turn, is positively impacting the growth of the viscosity index improvers market.
  • Other industries such as marine, railways, energy & power generation/transmission equipment are also increasing the demand of high-quality lubricants, thus propelling the growth of viscosity index improvers market.

The viscosity index improvers market is witnessing a paradigm shift in terms of innovation and manufacturing, from traditional synthetic products to bio-based or bio-preferred products that are in compliance with regulatory framework. This transition, along with production cost optimization, will drive substantial demand for the product in automotive as well as non-automotive applications.

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Viscosity Index Improvers Market: Competition Landscape

According to FMI analysis, the global viscosity index improvers market is moderately consolidated with key market players such as Infenium International Limited, Chevron Oronite LLC, Afton Chemical Corporation, The Lubrizol Corporation, Evonik Industries AG, and Mitsui Chemicals accounting for a significant share in the global market. Leading market players are strategically engaging in the development of close working relations with lubricant manufacturers for ensuring long-term supply contracts.

Changing Regulatory Scenario Encourages Advancements in Lubrication Technology

The demand for viscosity index improvers is directly proportional to the production rate of lubricants. Changing regulatory scenario and imposition of emission standards have led to the development of high-quality lubricants, which has increased the penetration of lubricant additives such as viscosity index improvers. Development of new customized product variants for target applications along with existing products gives a competitive edge to manufacturers.

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What the Report Offers

In its newest market study, Future Market Insights provides decisive analysis on the global viscosity index improvers market and provides significant insights through schematized market research. The report offers in-depth market study of the historical performance from 2014 to 2021, along with forecast statistics for 2022 to 2029. The market study offers comprehensive insights on various aspects of viscosity index improvers market based on product type (Polymethylacrylates, Ethylene Propylene Copolymers, Polyisobutylene, Hydostyrene Diene Copolymer, Others) and application (vehicle lubricants, industrial lubricants, transmission fluids) across the seven regions.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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