Market Research Blog – Page 10047 – New Product Development

Period Balm Market is Likely to Grow at a US$ 3,545.5 Mn in 2022 to US$ ~5,506.3 Mn in 2032

The global period Balm market is projected to grow from US$ 3,545.5 Mn in 2022 to US$ ~5,506.3 Mn by 2032, expanding at a CAGR of 4.5% throughout the forecast period (2022-2032).

Dysmenorrhea, sometimes known as menstrual cramps, is characterised by acute or stabbing pains in the lower abdomen. Many women have menstrual cramps before and throughout their periods. Some ladies may find the discomfort merely unpleasant. Others may suffer from severe menstrual cramps that prevent them from going about their normal lives for a few days each month.

Rising adoption of period balm products by rapidly growing women population to relieve discomfort and pain caused by periods is a key factor driving growth in the global period balm market.

The feminine care sector is being transformed by the women-owned period brands, which offer tailored birth control products, efficient pain alleviation, and leak-proof solutions. The main focus of the players is on giving women more portable products.

In order to treat the severe period cramps, industry manufacturers are developing items like period balm products. For instance, the major player in the women’s hygiene industry Cora is dedicated to resolving the intimate and menstrual hygiene problems that women face worldwide but which are not fully addressed.

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The “Cora’s Period Cramp Relief Balm” is a wholly made up of natural ingredient that is catering to the needs of a high number of consumers. In the beginning of the monthly cycle, it is one of the safest methods for preventing cramps.

Thus, increasing incidence of menstrual cramps along with introduction of new period balm products with natural ingredients will continue to foster period balm sales across the world during the forecast period.

Key Takeaways from the Period Balm Market Study

By product type, roller stick will continue to dominate the global period balm market during the forecast period.
In terms of mode of prescription, over-the-counter category is likely to hold the largest market share of around 63% during the forecast period.
Based on sales channel, department stores and pharmacy/drug stores will collectively account for 46% of total sales in the global period balm market by the end of 2022.
Due to changing consumer preferences for new and improved products, North America accounts for the largest share of the global period balm market.
The U.S. period balm market is expected to grow at a CAGR of around 4.5% over the assessment period.
The period balm market in India is likely to grow at a CAGR of around 5.5% between 2022 and 2032.

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Who is winning?

Leading period balm manufacturers are focusing on aggressive promotional techniques, commercials, and new product launches to boost period balm sales growth globally.

Major players present in the period balm market are Cora, Still Not A Hippie, JamilahsNaturals, Herbal Chest, Wild Rose, Marnie Naturals, and Redcliffe Hygiene Private Limited, The Natural Clinic, Arganshe, Butter Me Up Organics, THERApotions, Zenmaitri, brume-cosmetic, and Sierra Roots Wellness among others.

Global Period Balm Market By Category

By Product Type:

Roller Stick
Gel

By Mode of Prescription:

Over-the-Counter
Prescription

By Sales Channel:

Direct Sales
Specialty Stores
Pharmacy / Drug Stores
Departmental Stores
Online Retailers
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Menstrual Cups Market is Likely to Reach US$ 835.6 Million in 2022

The global menstrual cups market size is likely to reach US$ 835.6 Million in 2022 , the overall sales are slated to grow at 6.3% CAGR between 2022 and 2032, totalling a valuation of around US$ 1,557.8 Million by 2032. With rapid expansion of menstrual hygiene products market and growing awareness about the advantages of period cups.

Over the years, menstrual cups have become an ideal alternative to products like pads and tampons due to their lower cost, better safety, and eco-friendly nature. These period cups are being increasingly used by women to cope with their menstrual period.

Rising awareness among women population about the advantages of these menstrual hygiene products is providing a major impetus to the growth of menstrual cups market. Similarly, various initiatives taken by government and non-government organizations to educate women about menstruation and women’s hygiene products will foster the sales of menstrual cup sales during the assessment period.

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The informative guideline about the menstrual cups product description, the raw materials used while manufacturing and directions to use helps to create transparency between manufacturers and consumers. Such transparency will positively impact demand for menstrual cups in the market.

In addition to this, improvement in healthcare infrastructure and continuous product launches that will help to cater to women’s hygiene and menstrual problems more efficiently will boost market growth during the forecast period.

Key Takeaways from the Menstrual Cups Market Study

· By product type, the reusable menstrual cups segment holds the highest volume share of around 64.3% in the global menstrual cups market
· Based on material type, the silicone segment is expected to hold a significant share of around ~43% in the total menstrual cup market during the forecast period.
· By sales channel, the online retailing and drugs & pharmacy stores together hold a major share of more than ~35% in the global menstrual cups market.
· Asia-Pacific and North America together will hold the major share in the menstrual cup market during the assessment period.
· The menstrual cup market in Germany is anticipated to grow at a CAGR of 5.9% during the forecast period.
· With growing preference for sustainable menstrual hygiene products, demand for menstrual cups is slated to grow at a healthy pace across the U.S. during the next ten years.

“The manufacturers are formulating strategies for the expansion of their product line and product innovation to cater to all types of customer requirements. They are also focusing on new ways of marketing to spread awareness of the feminine hygiene products in the international market.” Says an FMI analyst.

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Who is winning?

Leading manufacturers of menstrual cups are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of menstrual cups market globally.

Major players present in the menstrual cups market are Blossom Cup, Diva International Inc., Fleurcup, INTIMINA, Jaguara s.r.o. (LadyCup), Lena Cup LLC, Silky Cup, Chemco Group, Mooncup Ltd., The Flex Company, Me Luna Gmbh, Soch Green, Procter and Gamble, The Keeper Inc., and Saalt LLC., among others.

Global Menstrual Cup Market By Category

By Product Type:

Reusable Menstrual Cups
Disposable Menstrual Cups

By Material Type:

Thermoplastic Elastomer
Rubber
Silicone

By Sales Channel:

Direct Sales
Specialty Stores
Pharmacy / Drug Stores
Departmental Stores
Online Retailers
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Menstrual Cup Foam Wash Market is Estimated to Reach a Valuation of ~US$ 20.0 Mn in 2022

The global menstrual cup foam wash market is poised to reach a valuation of ~US$ 20.0 Mn in 2022. Sales are projected to increase at 9.6% CAGR from 2022-2032 and the market size is likely to reach US$ 50.0 Mn by 2032.

The market for women’s intimate care products has increased dramatically over the last few years due to the emergence of a large number of products. Companies are constantly upgrading their existing products and using organic and healthier ingredients to make them.

Additionally, more brands have started to focus on designing naturally clean and eco-friendly products. In order to be more influential in the market, these companies are pursuing licenses from international organizations such as the United States Department of Agriculture, the International Federation of Organic Agriculture Movements, Soil Association, and Biodynamic Association among others.

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Increasing number of new feminine hygiene product launches such as menstrual cup foams and foam washes in the U.S. has created enormous growth opportunities for companies. According to data published by the U.S. Bureau of Labor Statistics, 57.4% of all women participated in the labor force in 2019 in the country.

Due to the above-mentioned factor, demand for hygiene products among wo men seeking work or studying has gone up. More people are nowadays moving to cities, which has led to the increased awareness of hygiene products among the populace. Moreover, hygiene product companies are committed to creating new choices for women to increase their portfolios. They are also focusing on providing natural and organic substances which can remove all dirt and germs.

Key Takeaways:

Based on capacity, the 50 ml segment is expected to grow at a CAGR of 6.9% in the forecast period.
In terms of sales channel, the online retailers segment held 23.5% of the global market share in 2021.
Canada is predicted to emerge as a profitable market and push North America to grow at 7.9% CAGR by 2022-2032.
Leading players in the global menstrual cup foam wash market are estimated to account for approximately 10%-15% of the total market share.
The India market for menstrual cup foam wash is anticipated to account for more than 60% of the South Asia market share in 2022.

“Sales representatives at key companies are interacting closely with physicians to educate women about the importance of hygiene products based on prescriptions. As a result, prescription-based hygiene products like menstrual cup foam wash are exhibiting a boom in terms of popularity among customers,” says a FMI analyst.

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Competitive Landscape: Menstrual Cup Foam Wash Market

Leading manufacturers of menstrual cup foam wash are focusing on smart promotional strategies, advertisements, and new product launches to improve sales in the market. Some of the leading players present in the global market are Redcliffe Hygiene Private Limited, The Flex Company, BeYou, AllMatters, Nixit, Saalt, Pixie Cup, and WOW Skin Science among others.

Menstrual Cup Foam Wash Market Outlook by Category

By Capacity:

50ml
80ml
100ml
200ml

By Sales Channel:

Modern Trade
Convenience Stores
Departmental Stores
Specialty Stores
Mono Brand Stores
Online Retailers
Drug Stores
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Reusable Sanitary Pads Market is Estimated to Reach a Valuation of US$ 2.8 Bn in 2022 and US$ 8.3 Bn by 2032

The global reusable sanitary pads market is projected to reach a valuation of US$ 2.8 Bn in 2022. Furthermore, the overall sales are projected to increase at 11.6% CAGR, between 2022 and 2032, totaling a valuation of US$ 8.3 Bn by 2032.

Factors such as surge in women population, rapid urbanization, increasing demand for eco-friendly products, and rising awareness among people about the benefits of reusable sanitary pads are expected to boost the market growth during the forecast period.

Similarly, continuous new product launches and development on new materials will further accelerate the growth of reusable sanitary pads market over the next ten years.

Reusable sanitary pads have become ideal alternatives to disposable ones due to their sustainable and eco-friendly nature. These pads are generally made from biodegradable materials and can be used several times before being discarded.

A growing number of women are now working, which has led to a significant increase in female hygiene products sales. According to the Bureau of Labor Statistics, 57.4 percent of women were employed as of 2019. Because of this, the populace within this group is increasingly choosing hygiene products as they go for work or studying.

Demand for reusable sanitary pads is especially high across fast growing nations such as India and China due to rapidly growing women population, increasing health awareness, favorable government initiatives and surge in the number of regional and domestic manufacturers.

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“New product developments and the usage of natural organic materials instead of plastic and synthetic materials will help to increase the demand for reusable sanitary pads,” says an FMI analyst.

Key Takeaways:

Based on material type, cotton segment is expected to grow at a CAGR of 9% during the forecast period.
By sales channel, the online retailers segment held 46% of the total market share in 2021 and is anticipated to surge at 7% CAGR through 2032.
Sales in the North America market are slated to increase at a 6% CAGR.
The U.S. reusable sanitary pads market is expected to grow at a CAGR value of 8% during the assessment period.
Demand for reusable sanitary pads is poised to grow at a CAGR of 2% over the next ten years.

Who is Winning?

Leading manufacturers of reusable sanitary pads are focusing on smart promotional strategies, advertisements, and new product launches to improve sales in the market.

Major players present in the reusable sanitary pads market are Aisle, Rael, Charlie Banana, Femme Fabric Solutions LLP, SUPREME SANITARY PADS, Naari Cloth Pads, Eco Femme, FabPad, Femy, Isweven, Pee Safe (Redcliffe Hygiene Pvt. Ltd.), Re:Pad, Rebelle Pads, Reboot-U, Relief Line, Sanfe (Redroom Technology Pvt. Ltd.), Saukhyam, and Soch Green among others.

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Global Reusable Sanitary Pads Market by Category

By Material Type:

Cotton
Bamboo
Hemp
Synthetic
Others

By Sales Channel:

Modern Trade
Convenience Stores
Departmental Stores
Specialty Stores
Mono Brand Stores
Online Retailers
Drug Stores
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Disposable E-Cigarettes Market is Estimated to be Valued at US$ 6.34 Bn in 2022

The global disposable e-cigarettes market size is expected to be valued at US$ 6.34 Billion in 2022. Grow at a CAGR of 11.2% between 2022 and 2032, totaling around US$ 18.32 Billion by 2032.With growing demand for non-tobacco products owing to rising health concerns among others

The key players in the market started offering these products online through various e-commerce websites such as Amazon. According to an article published by Truth Initiative, in June 2021, online retail for e-cigarettes including disposable products was 28%.

In addition, the availability of approved disposable e-cigarettes from various health bodies such as the National Medical Products Administration (NMPA), as a better alternative to tobacco smoking, will integrate well with the growth trend.

Disposable e-cigarettes are assumed to be a safe alternative to rechargeable e-cigarettes, which in turn is expected to fuel the market growth during the forecast period. Additionally, increasing acceptance of different vaping devices among young adults and adolescents is set to fuel the growth of the Disposable E-cigarettes Market.

The rising traction of using disposable e-cigarettes among consumers, especially the millennial population, is expected to accelerate the market in the forthcoming years. Key players are launching new and innovative products to comply with the growing demand for these products among consumers.

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For instance, in January 2021, Dinner Lady, a U.K.-based vape brand launched a disposable vape pen, available in eight flavors, including Lemon Tart, Banana Ice, Citrus Ice, and Strawberry Ice. The initiative was taken to support consumers in terms of health, and bring them towards more sustainable options from combustible cigarettes.

North America dominated the disposable e-cigarettes market and accounted for the maximum revenue share of 49.8% in 2021. The increasing popularity of flavoured disposable e-cigarettes offered by brands such as Puff Bar, Vuse, and Suorin, is one of the major factors that is expected to drive the growth of the industry in the region.

Key Takeaways from the Market Study

Global Disposable E-cigarettes Market was valued at US$ 6.34 Billion by 2022-end
From 2017 to 2021, Disposable E-cigarettes demand expanded at a CAGR of 5.6%
By Flavour, the Non-Tobacco category is expected to constitute the bulk of Disposable E-cigarettes Market during the forecast period.
By Distribution Channel, the Offline segment dominates the Disposable E-cigarettes Market.
From 2022 to 2032, Disposable E-cigarettes sales are expected to flourish at a CAGR of 11.2%.

“Demand for non-tobacco products is expected to augment the growth of the disposable e-cigarettes market in the near future. It has been observed that older people prefer this product as it does not have any negative effect on health,” remarks an FMI analyst.

Competitive Landscape

Players in the global Disposable E-cigarettes Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In May 2022, Flawless, one of Europe’s largest vaping distributors signed an exclusive agreement with the leading Chinese manufacturer of vape disposables, ELF BAR, to create the Gee600 disposable device, for the U.K.’s vape and FMCG sector.
In April 2022, Vaptex launched a new vape device GORIN MAX 4500 puffs adjustable airflow disposable pod, which extends some features between TAKIN and GORIN for a better combination for all vapers
In August 2019, VPR Brands, a market leader and pioneer in e-cigarettes and vaporizers for nicotine, cannabis, and cannabidiol (CBD), announced the re-launch of its most popular e-cigarettes brand, KRAVE, an exceptional tasting, high-quality alternative to cigarettes.

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Know More about What the Disposable E-cigarettes Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Disposable E-cigarettes Market, providing historical data for 2017-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Disposable E-cigarettes Market, the market is segmented on the basis of product, portability, and application across five major regions.

About Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Covered in the Disposable E-Cigarettes Industry Analysis

Disposable E-Cigarettes Market by Flavour:

Non-Tobacco Flavoured Disposable E-Cigarettes
Tobacco Flavoured Disposable E-Cigarettes

Disposable E-Cigarettes Market by Distribution Channel:

Online Distribution Channel of Disposable E-Cigarettes Market
Offline Distribution Channel of Disposable E-Cigarettes Market

Disposable E-Cigarettes Market by Region:

North America Disposable E-Cigarettes Market
Latin America Disposable E-Cigarettes Market
Europe Disposable E-Cigarettes Market
Asia Pacific Disposable E-Cigarettes Market
Middle East & Africa Disposable E-Cigarettes Market

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Bladder Liners Market is Projected to Reach a Valuation of US$ 1185.44 Mn in 2022

The global bladder liners market is estimated to reach a valuation of US$ 1185.44 Mn in 2022. Sales are projected to increase at 6.2% CAGR from 2022-2032 and the market size is likely to be valued at US$ 2163.34 Mn by 2032.

Further, rising consumer interest in natural and organic alternatives to traditional period products has resulted in sales of these products, including new products with built-in absorbents and washable-timer functions.

Consumers are becoming increasingly selective about the materials used in their menstruation products. Besides, growing awareness about various eco-friendly components used in period care and incontinence products would aid sales.

With increasing concerns about the environment, customers are preferring to buy products that are eco-friendly and chemical free. This growing demand is compelling manufacturers to offer new products that are made from biodegradable waste and reusable material.

For instance, organic cotton pads and liners for light bladder leaks from Cora, a contemporary women’s wellness company whose products include natural and organic tampons, pads, and other personal care items, are now part of their revolutionary portfolio. These products also include patent-pending absorption technology.

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Key Takeaways:

Based on the type, the disposable bladder liner segment is expected to grow at a CAGR of 4.5% during the forecast period.
In East Asia, China is the dominating country and is set to hold a bladder liner market share of 49.54% in the assessment period.
In North America, the U.S. is dominating the market for bladder liners and is expected to grow at a CAGR of 5.4% in the evaluation period.
In terms of absorbency level, the moderate segment had captured a significant portion of the global market with a share of 46.34% in 2021.
By sales channel, the online stores segment is expected to witness a significant CAGR of 11.26% during the forecast period.

“Increasing trend of purchasing bladder liners from online platforms at discounted rates and surging demand for disposable incontinence products are expected to drive growth” says a FMI analyst.

Competitive Landscape

Leading manufacturers of bladder liners are focusing on smart promotional strategies, advertisements, and new product launches to improve sales in the market.

Major players present in the bladder liners market are Kimberly Clark, SCA Unicharm, First Quality Enterprise, Domtar, Covidien, PBE, Medline, Hengan Group, Coco, Daio Paper, Hakujuji, P&G, Kao, and Hengan among others.

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Global Bladder Liners Market Outlook by Category

By Type:

Reusable
Disposable

By Absorbency Level:

Light
Moderate
Heavy

By Consumer Orientation:

Men
Women

By Sales Channel:

Pharmacies & Drug Stores
Hypermarket/Supermarket
Direct Sales
Specialty Stores
Independent Small Stores
Online Stores
Other Sales Channel

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Clothing Recycling Market is Estimated to be Valued at US$ 5.8 Mn in 2022 and 10.7% CAGR

The clothing recycling market to be valued at US$ 5.8 Mn in 2022. All-in-all, the demand for clothing recycling is likely to remain strong with an anticipated valuation of US$ 16 Bn by 2032. Owing to the growing awareness pertaining to the circular movement, the adoption of clothing recycling is likely to grow at a CAGR of 10.7% through 2032.

In addition to this, adoption of clothing recycling methods is also seen as a powerful tool against the fast-changing fashion trends. With numerous circular movements undertaken for furniture recycling, shoe recycling, textile waste of used clothes holds prominence. Owing to this, the recycling trend for clothes is undertaken not only by small-scale fashion hubs but also key players in the clothing recycling market.

The exclusive report on clothing recycling also sheds light on the key opportunities available in the market. Among the other lucrative opportunities, manufacturers are cashing in on the demand arising from the retail sector. Since the retail sector is inclusive of apparels and several other sub-domains that heavily reply on the textile industry, the sector is likely to remain a key revenue-generating channel for the market. Besides retail, revenue prospects are anticipated to remain strong from the automotive industry.Among the significant trends of recycling of clothes, sustainability is at the top. Since sustainability has garnered a lot of attention in recent time, on the back of the environmental concerns and irreversible effects of global warming, companies operating in the domain are launching campaigns to raise awareness about the pollution and landfill area clogging dueo to used textiles.

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Aesthetics to be a key driver that generates demand for recycled textiles in the automotive industry. Hence, with recycled textiles making up for a considerable value, auto makers can bring down the cost of their overhead by investing in recycled textile over new textile.

Key Takeaways

Stringent regulations pertaining to environment conservation in the Europe to keep the region’s dominance high with an anticipated share of 26% in 2022.
The historical performance of clothing recycling market was relatively lower with a CAGR of 6.6% during 2017-2021. The increasing awareness about clothing recycling and technological innovation facilitating the ease of repurposing is likely to improve the growth rate of the market with a CAGR of 10.7% through 2032.
Retail sector is anticipated to be the key end-use industry through 2032.
Recycled polyester, with its durability and strength, is likely to remain the preferred recycled clothing type during the forecast period.
Asia Pacific is likely to be the fastest-growing clothing recycling market during the forecast period.

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Key Segments

By Type:

Cotton Recycling
Nylon Recycling
Wool Recycling
Polyester Recycling
Other Fiber Recycling

By End-use:

Apparel
Industrial
Home Furnishings
Non-woven
Other

By Waste Type:

Pre-consumer
Post-consumer

By Recycling Type:

Mechanical Recycling
Chemical Recycling

By Distribution Channel:

Online Channel
Retail & Departmental Store

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Competitive Landscape

Some of the key players operating in the clothing recycling market include Worn Again Technologies, Evrnu SPC, Carbios, I:Collect GmbH, Renewcell, Fabscrap, Infinited Fiber Company, PurFi Global LLC, MUD Jeans International B.V., CuRe Technology, Birla Cellulose, and others. There are numerous new entrants as well in the clothing recycling market, who have a keen eye on innovation in the industry. In addition to this, key players are trying to partner with key fashion brands for a long-term supplier-manufacturer deal.

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Elevator and Escalator Market keytrends Future Scenarios, Growth and Analytical Insights – 2032

The global elevator and escalator market Keytrends is valued at around US$ 59.03 Bn in 2022, registering Y-o-Y growth of 6.6%. The market is projected to increase at a CAGR of 4.5% and attain a valuation of US$ 100.12 Bn by the end of 2030.

Companies in the elevator and escalator market are focusing on cutting-edge technologies to make their products safer and more environmentally friendly, according to a recent study by Future Market Insights (FMI). The elevator and escalator market will grow at a CAGR of 6.6 percent between 2020 and 2030, according to FMI.

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Some of the world’s most well-known companies are incorporating Internet of Things technologies into networked elevators and escalators. They can now control parameters such as load capacity and frequency of use. Such technological advancements should benefit the entire market. As a result of the recent COVID-19 outbreak, market growth has slowed. However, several factors are expected to drive the elevator and escalator market during the forecast period.

Some of the key takeaways from the report are highlighted below-

Product-wise, elevator is expected to lead the market followed by escalator during the forecast period
Load type-wise, passenger segment will exhibit hegemony in the coming years
New system installation type is set to gain traction in the global market
Commercial end use segment is projected to exhibit highest growth followed by the residential segment throughout the forecast period
New-age IoT technology will cater to the steady market growth in the near future
East Asia elevator and escalator market will maintain the lead while emerging as the highest growing market among all other regions

“As the building and construction industry is expanding rapidly, the demand for elevators and escalators is rising higher. To capitalize on prevailing opportunities, market players are launching novel cutting-edge technologies that offer more sophisticated functionalities in elevator and escalator. This is anticipated to create lucrative growth opportunities for the market in the coming years,” says an FMI analyst.

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COVID-19 Impact Analysis

The elevator and escalator market growth has been declining due to the novel coronavirus outbreak. As consumers have shifted their focus more on emergency services such as medical, diagnostic, pharmaceutical and others instead of building and construction sectors, the market growth rate has fallen temporarily.

Added to this, the factors such as non-operational manufacturing units, unavailability of labours, scarcity of raw materials, disruptive supply chain and logistics sector, financial crisis, job recession, and others have slowed down the progress of market.

According to FMI, the elevator and escalator market is set to recover by the first quarter of the year 2021.

Who is Winning

As the elevator and escalator market potential is rising steadily, the key market players are focusing on launching advanced designs to gain competitive edge. For instance, DOPPLER S.A. has launched their DOPPLER Lift Hygiene Solutions equipped with air sterilizer using UV photo catalyst sterilization and UV antibacterial light disinfection system in 2020.

Kone Corporation has launched Kone Health & Wellbeing Solutions for Elevators and Escalators which include escalator handrail sanitizer, elevator remote call using whatsapp, elevator air purifier, and others in June 2020.

Some of the leading companies operating in the market are DOPPLER S.A, Kone Corporation, Orona Group, EMAK Elevator, Sanyo Elevator (Zhuhai) Co., Ltd, and others.

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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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Americas Steel Pipes Market review Industry Overview Research Report

The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche end use sectors such as mining and automotive production. The Americas steel pipes market review is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures.

The demand for steel pipes in the Americas has increased through 2020 notwithstanding the difficulties caused by the coronavirus outbreak. Growing governmental and private sector investments in the construction, oil and gas, and energy industries are advancing the sector. A recent analysis by Future Market Insights predicts that the industry would expand steadily between 2020 and 2030.

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The oil and gas industry applications are anticipated to be the main source of income, especially with the discovery of unconventional sources and techniques like shale and fracking, according to analysts from FMI.

The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
Industrial applications, particularly in the oil & gas sectors are generating greater demand than that of construction and mining sectors through 2030.
The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.

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Covid-19 Impact on Americas Steel Pipes Market

The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.

The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

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Bonded Magnets Market Size To Reach USD 3.52 Bn By 2032 | New Opportunities Planning By Future Market Insights

Rising competition in electronics industry worldwide is fostering innovations in material development – lightweight material housing – for e-drive systems. Bonded magnets market is growing in line with the trend as lightweight, yet cost-effective components remain the top priority of industry executives. Future Market Insights, an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 4.8% CAGR. This revised forecast reflects the sluggishness induced by the COVID-19 pandemic shockwaves.

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Bonded Magnets Market Size Study

The global bonded magnets market is expected to register revenues worth around US$ 3.5 Bn in 2030
Neodymium (NdFeB) magnets would remain highly preferred under rare earth bonded magnets
Calendaring bonded magnets to account for over 60% of overall market value
Market players to tap growth potential in consumer electronic appliances and medical devices
Adoption of bonded magnets to remain prominent in sensors and motors

“Bonded magnets are highly beneficial in medical devices such as MRI machines, and other health monitoring devices as they provide better sterility to these equipment as well as are used to affix components for ingress protection. The adoption of bonded magnets in medical devices is expected to rise at nearly 6% CAGR through 2030,” says analysts at FMI.

COVID-19 Impact on Bonded Magnets Market

The COVID-19 has severely impacted the bonded magnets market, bringing extended global supply chain strategies under scrutiny. Sudden shutdowns of manufacturing units in China – largest producer of rare-earth minerals – and the subsequent ripple effect is triggering widespread chaos across the global market.

Studies reveal that the worldwide sales of light vehicles (LV) are expected to slump by 17.2% in 2020. Moreover, the global sales of electric vehicles (EV) are anticipated to drop by 18% in 2020. Moving forward, the global consumer electronics industry has witnessed a steep decline in sales tantamount to around 60% towards the end of Q2 of 2020.

Bonded magnet manufacturers are heavily dependent on automotive and consumer electronics industries for revenue generation – over 40% collectively. As such, sales dip in both the end-use industries is putting a dent on the demand growth of bonded magnets market. On the flip side, the overall situation of the market is likely to stabilize in H2 of 2020 and Q1 of 2021, as the COVID-19 pandemic subsides.

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Bonded Magnets Market: Competitive Intelligence

The global bonded magnets market is fairly consolidated with leading players capturing significant chunk of total market value.

Hitachi Metals, Ltd.,
Shin-Etsu Chemical Co., Ltd.,
Ningbo Yunsheng Co. Ltd.,
TDK Corporation, and
Advanced Technology Materials Co. Ltd.

comprise of tier-I players in the market.

Leading market players are focusing on acquisitions as well as innovating their product offerings in order to expand their regional footprint and boost sales growth. Case in point,

In Jun 2019, TDK Corporation took over Showa Denko K. K.’s neodymium magnet alloy R&D center
Magnequench International LLC is developing bonded magnets with high-temperature aging attributes. The magnets are suitable for injection molded and compression molded automotive applications that require optimal aging properties

Bonded Magnets Market Key Segment

Product Type

Rare Earth Magnets
- NdFeB
- SmCo
Ferrite Magnets
Others (Alnico, SmFeN, Hybrids)

Process Type

Injection Molded Bonded Magnets
Compression Bonded Magnets
Calendaring Bonded Magnets
Extrusion Bonded Magnets

Application Type

Sensors
Motors
HDD (Hard Disk Drives)
Level Gauges
Instrument Panels
Copier Rotors
Fuel Filters
Magnetic Couplings

End use Industry

Automotive
HVAC Equipment
Medical Devices
Cameras
Consumer Electronic Appliances
Computers and Magnetic Storage Devices
Electrical Equipment
Measurement Instruments
Printer and Copiers

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
MEA

To Know More About Bonded Magnets Market:

A new market research report published by Future Market Insights (FMI) on the global bonded magnets market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the bonded magnets market through five different segments – product type, process type, end-use industry, application type, and region. The bonded magnets market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of bonded magnets and product adoption across several end-use industries.

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