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According to a recent study done by FMI, the Ethernet Storage Fabric market is expected to reach US$ 5.4 billion by 2032, up from US$ 1.6 billion in 2022, expanding at a high CAGR of 13.2% from 2022 to 2032. This study explains that the growth in the demand to adopt enterprise mobility is expected to achieve operational efficiency in different enterprises, which will further accelerate the market value.

The rise in the adoption of simplified data center management services, especially by small and medium scale enterprises is another factor bolstering the growth of the market. The growing volume of organizational data will further carve the way for the growth of the market. The major growth rate of the ethernet storage fabric market is due to the growing demand for high bandwidth, performance, and scalability in enterprise and cloud service provider data center. In addition, the rise in the number of businesses and their data has mandated data storage.

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As a result, businesses are turning to innovative storage technologies like Ethernet storage fabric and big data. As the number of businesses grows, so does the volume of data. Data centers and Ethernet storage fabric are becoming more important as a result of this which will drive the market for Ethernet storage fabrics. Increased focus on the technological advancements and rapid increase in the rate of preference by the various verticals will emerge as the major market growth driving factors.

Key Takeaways from the Market Study

• Global Ethernet Storage Fabric Market was valued at US$ 1.6 Bn by 2022-end
• China to account for the highest value share of US$ 0.4 Bn of global market demand for Ethernet Storage Fabric Market in 2032
• From 2015 to 2021, ethernet storage fabric demand expanded at a CAGR of 15.4%
• By Application, Enterprise Data Center constitutes the bulk of ethernet storage fabric deployment with a CAGR of 14.0%.

Competitive Landscape

Players in the global Ethernet Storage Fabric 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 August 2021, Arista Networks announced an expansion of its cloud-grade routing solutions that extends its products to the edge. The company had added new features to its EOS operating system to enable its products to be used as edge routers, including new capabilities for virtual private networks (VPN) and traffic engineering.
• In May, 2021, Juniper Networks took intent networking to the next level with new Apstra Software to simplify deployment and Day 2 operations in even more data center environments.
• In April 2021, Marvell extended automotive networking leadership with a launch of 802. 3ch 10G ethernet PHY.

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More Insights Available

Future Market Insights offers an unbiased analysis of the global Ethernet Storage Fabric Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered In The Ethernet Storage Fabric Report

By Storage Type:

• Block Ethernet Storage Fabric
• File Ethernet Storage Fabric
• Object Ethernet Storage Fabric
• Hyper-Converged Ethernet Storage Fabric Infrastructure

By Device:

• Ethernet Storage Fabric Switches
• Ethernet Storage Fabric Adapters
• Ethernet Storage Fabric Controllers

By Switching Port:

• Ethernet Storage Fabric of 10 GbE or 25 GbE
• Ethernet Storage Fabric from 40 GbE to 50 GbE
• Ethernet Storage Fabric of 100 GbE and above

By Application:

• Ethernet Storage Fabric for Enterprise Data Centers
• Ethernet Storage Fabric for Cloud Service Provider Data Centers
• Ethernet Storage Fabric for Telecommunications
• Ethernet Storage Fabric for Government

By Region:

• North America Ethernet Storage Fabric Market
• Latin America Ethernet Storage Fabric Market
• Europe Ethernet Storage Fabric Market
• Asia Pacific Ethernet Storage Fabric Market
• MEA Ethernet Storage Fabric Market

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Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market. Through constant research & development, elastomeric coatings are finding applications in different areas. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market.

Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry. The global elastomeric coatings market was valued at US$ 5.2 Bn at the end of 2021, and is expected to witness lucrative growth at a CAGR of 7.6% during the forecast period of 2022-2029.

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Key Takeaways of Elastomeric Coatings Market Study

• By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
• In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
• The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
• Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

 “Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

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Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc.,  among others.

Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

Elastomeric Coatings Market By Category

By Types :

• Acrylic
• Polyurethane
• Epoxy
• Silicone
• Polyurea
• Others

By Application :

• Building & Construction
• Industrial
• Automotive & Transportation
• Others

How will the market shape up?

Overall growth prospects of economies are expected to remain positive in the coming years. Owing to rapidly growing industrialization and urbanization, end-use industries such as construction are growing at a significant growth rate, which, in turn, is boosting elastomeric coatings market growth.

The building and construction segment is estimated to maintain its prominence over the forecast period, whereas, the usage of elastomeric coatings in industrial applications is projected to gain high traction at a steady peace.

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What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research.

The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2021 and opportunity assessment for the forecast period of 2022-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.

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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 7-years.

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Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 3.4% growth through the forecast period (2022-2030). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with coal and iron ore mining sector driving demand.

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high pressure additives and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

Key Takeaways of Mining Lubricants Market Study

• The mining lubricants market is slated to reach US$ 2.98 Bn by 2030
• High performing lubricants and greases are growing in demand as covid-19 tightens operating costs
• Coal mining largest application avenue, accounting for over 50% mining lubricants market share
• Open pit mining is heightening the adoption of loaders, roof bolters, draglines and haul trucks thus boosting demand for lubricants
• Bio-based lubricants pipped as a log-term solution, but current market dynamics in favor of synthetic variants

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For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

Key Companies Profiled:-

• BP plc
• Calumet Specialty Products Partners
• Royal Dutch Shell PLC
• Chevron Corporation
• Exxonmobil Corporation
• Fuchs Petrolub SE
• Kluber Lubrication
• Lukoil
• Petrochina Company Limited
• Petronas
• Quaker Chemical Corporation
• Schaeffer Manufacturing Co.
• Total S.A.
• Petro Canada Lubricants Inc.  (Holly Frontier acquired)

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate.

With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

• Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
• Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
• Exxon Mobil, in the year 2021, expanded its refinery at Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

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Mining Lubricants Market by Category

By Product Type:

• Oils
• Grease

By Source:

• Synthetic Lubricants
• Bio-based Lubricants

By Application:

• Coal Mining
• Bauxite Mining
• Iron Ore Mining
• Precious Metals & Rare Earth Minerals Mining
• Industrial Mineral Mining
• Others

COVID-19 Impact on Mining Lubricants

In the first quarter of 2022, lubricant players have bore the brunt of the COVID-19 crisis as the virus rampaged across China, Europe and North America. Many had to fully or partially shut down operations. Sales of lubricants were down by as much as 70%-75% in Asia Pacific. Industry experts predict a gloomy outlook for the near term as it will take a few quarters for the market to come back to normalcy.

With lockdowns in force in Europe, Asia and North America, there has been a cessation in mining activity. Consumption of lubes has dropped and many lube refiners are being forced to cut down their throughput by at least 20%-30%.

The daily global oil demand is also set to shrink by a few million barrels leaving an unpleasant residual impact on the mining lubricants market. The use of inventories to meet pending demand and cash reserves will help lubricant manufacturers to sail through this turbulent time in the short-term.

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Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains global industry analysis for 2015–2021 and opportunity assessment for 2022–2030. The report provides insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants 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.

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About 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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This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Mn in 2022, and is projected to experience steady growth during the forecast period of 2022-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

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Key Takeaways from Global Propanol Market

• In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
• Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
• Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

 “Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

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East Asia Set to Become Self-sufficient in Propanol

In the year 2014, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2014-2021, massive addition in capacity has made China a prominent producer in Asia Pacific.

In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

Propanol Market By Category

By Types :

• N-Propanol
• Isopropanol

By Application :

• Solvent
• Chemical Intermediate
• Pharmaceutical
• Household and Personal Care Products
• Others

2014-2021 Propanol Market Outlook Compared To 2022-2029 Forecast

Sales of propanol increased at 2.5% CAGR, between the period of 2014 and 2021, owing to moderate demand outlook from the end use sectors such as pharmaceuticals and chemical intermediate.

A decrease in the demand for n-propanol from certain end users during the pandemic crisis has impacted the overall growth of the market, although in upcoming years the growth is expected to bounce back to its original pace based on the recovery of the economic conditions. However, substantial demand for sanitizers has boosted the market for isopropyl alcohol.

The key driver of the market is the rising use of propanol in paints and resin, pharmaceuticals, personal care products, de-icers, cosmetics, inks, food, and adhesives. Most end users are shifting their focus from isopropanol to n-propanol.

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Considering the new law regarding the utilisation of low volatile chemical compounds, n-propanol has capitalised on a modest increase in demand in food processing and pharmaceutical applications. An increase in the demand for sanitizer all over the globe has bolstered the growth outlook for iso-propanol.

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About 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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Mono propylene glycol (MPG) continues to find application across diverse industries, on the back of its low toxicity and hygroscopic properties. A recent Future Market Insights (FMI) study suggests that the global mono propylene market value will reach beyond US$ 5 Bn towards the end of 2029, witnessing a moderate CAGR during forecast period (2022 – 2029).

Environmental sustainability of bio-based mono propylene glycol will be significantly responsible in upholding its demand in the global market over the course of following years.

Manufacturers in the mono propylene glycol market can gain substantial profits by targeting long-term supply contracts from prominent end-use industries such as food & beverage, pharmaceutical, building construction, and others, across various developing countries such as India and China.

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Key Takeaways – Mono Propylene Glycol Market Study

• Low toxicity of mono propylene glycol, as compared to ethylene glycol, is expected to drive its usage in cosmetics and personal care products on a large scale. As ethylene glycol is poisonous and must be handled with caution to restrict any human or animal exposure, MPG will witness higher demand in the forecast period.
• Being the preferred glycol for manufacturing high performance, unsaturated polyester resins for several uses such as reinforced plastic laminates for marine construction, gel coats, sheet molding compounds (SMC), and synthetic marble casting, industrial grade mono propylene glycol is projected to witness significant demand. It is also a vital intermediate in the production of alkyd resins for paints and varnishes.
• Substantial demand is anticipated for mono propylene glycol from the pharmaceutical industry as it is a well-known excipient. MPG is used for several purposes in a broad range of pharmaceutical dosage forms, for e.g. as a humectant in topical medication, as a preservative in solutions, or as a co-solvent in aerosols, parenteral, and oral solutions.

Manufacturers Moving towards Bio-based Mono Propylene Glycol

Bio-based mono propylene glycol is gaining popularity in the market, as a switch from petrochemical- to renewable-based MPG results in the reduction of climate change impact of 40-60% kg of CO2. Several countries are taking initiatives to increase the adoption of bio-based mono propylene glycol among various end-use industries owing to its significant environmental benefits.

Who Is Winning?

The global mono propylene glycol market is fairly consolidated due to the unavailability of raw materials required for the manufacturing of mono propylene glycol, especially at the regional level, and absence of local manufacturers. Key manufacturers such as Dow Chemical Company, Lyondell Basell, BASF SE, and Royal Dutch Shell PLC account for about 40% of the overall market share.

North America and Europe are anticipated to account for a significant share of the global mono propylene glycol market, owing to rapid infrastructural development and increasing preference for bio-based mono propylene glycol.

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Mono Propylene Glycol Market Market by Category

By Grade:

• Technical
• Food
• Pharmaceutical

By Application:

• Unsaturated Polyester Resin (UPR)
• Polyester Fiber Production
• Food Additive
• Heat Transfer Fluid
• Pharmaceutical Solvents
• Liquid Detergents
• Paints & Coatings
• Other Industrial

By End Use:

• Chemicals
• Cosmetics & personal care
• Pharmaceutical
• Food & Beverage
• Others

By Source:

• Synthetic
• Bio- based

Learn More About Report Inclusions

The research report analyzes total sales of mono propylene glycols on the basis of volume (KT) and value (US$ Mn). The report includes a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the market.

Opportunities in the market are projected on the basis of factors such as construction industry growth, food industry outlook, pharmaceutical industry overview, investments in upcoming infrastructure projects, and expansion in production capacity by worldwide manufacturers.

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The market is mailnly driven by the end use industry such as food & beverage, cosmetics & personal care industry market. Due to Covid-19 pandemic all the industries has suffered and witnessed downfall, but in the coming years market is anticipated to witness significant growth owing to the increase in consumption from end use industries.

Due to increased environmental concerns, manufacturers in the business are focused on bio-based chemicals for producing mono propylene glycol, which is acting as another growth-inducing element.

Furthermore, as the coronavirus disease (COVID-19) spreads, there is an increase in the need for propylene glycol in the production of hand sanitizers and surface disinfectants. Thus the end use segment of pharmaceuticals have witness a positive outlook in the market.

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About 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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The latest study published by Future Market Insights (FMI) on the vulcanization accelerators market incorporates the global industry analysis for 2014 – 2021 and market opportunity assessment for the forecast period of 2022 – 2029.

The market study divulges decisive insights and offers exhaustive market analysis for the historical as well as forecast period. As per the market assessment in the report, the global vulcanization accelerators market is estimated to witness substantial growth due to growing demand from the tire industry.

The global vulcanization accelerators market was evaluated at ~US$ 1.4 Bn in 2021 and is anticipated to grow with ~4% CAGR during the forecast period i.e., 2022 – 2029. Tire is an irreplaceable automotive component, and its demand has been on the rise over the years.

As tires of heavy vehicles need to be replaced more frequently, the industry is responsible for the maximum consumption of vulcanization accelerators. Thus, growing tire production and replacement activities are estimated to fuel the growth of the vulcanization accelerators market, as reported by FMI.

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Apart from tires, rubber is also used in other automotive parts such as wiper blades, engine mounts, seals, hoses, and belts. Growing automotive production will elevate the manufacturing of automotive rubber parts and components. Thus, increasing the consumption vulcanization accelerators.

Rubber is used extensively in industrial products such as rubber belts, rubber buckets, rubber pads, rubber lining, rubber rollers, and rubber mats, among various other products. Apart from these, rubber finds key application in the manufacturing of medical products such as condoms, surgical gloves, stoppers, tubes, cushioning or supporting materials, breathing bags, implants, prosthetics and catheters, etc.

Thus, growing rubber consumption in medical and industrial sectors is estimated to surge the demand for vulcanization accelerators.

East Asia to Represent Significant Opportunities for Manufacturers

Japan and China are few of the leading tire manufacturing countries. China is assessed to be a prominent tire producer. Presence of companies such as Yokohama Rubber Company and Bridgestone Corporation, makes Japan a substantial tire manufacturing country.

In addition, China’s auto industry has witnessed significant growth in the recent years, leading to subsequent increase in the tire production. However, fluctuating raw material prices due to trade wars and oversupply of materials are affecting local manufacturers.

Besides, imposition of stringent regulations on tire exports from European countries and the U.S is expected to create further problems for tire manufacturers. However, East Asia is estimated to be a prominent market for vulcanization accelerators, due to increasing sales of passenger and commercial vehicles and rising demand for replacement tires.

Increasing population, improved standards of living, and increasing electric vehicle production will upsurge the demand for tires in East Asia, which will positively influence the growth of the vulcanization accelerators market. Further, increased emphasis on high quality medical and industrial rubber products is expected to propel the demand for vulcanization accelerators in the region.

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Thiazoles and Sulfanamides to Remain Prominent Product Choices

The global vulcanization accelerators market has been categorized on the basis of product and application, along with regions.

• Based on product, primary accelerators – thiazoles and sulfonamides, are projected to remain prominent product choices in the upcoming years, and are expected to hold a significant share in the global vulcanization accelerators market throughout the forecast period.
• Although adoption in automotive industry continues to account for relatively high sales, growing application in industrial sector is likely to result in increased market share. Growing tire production and replacement activities as well as automotive industry growth are estimated to augment the vulcanization accelerators market growth.

Vulcanization Accelerators Market By Category

By Product Type:

• Thiozoles
• Sulfanamides
• Dithiocarbamates
• Thiuram
• Others

By Application:

• Automotive
• Industrial
• Medical
• Consumer Goods

Vulcanization Accelerators Market: Manufacturer Insights

According to the FMI analysis, the global vulcanization accelerators market is moderately consolidated with global and regional players playing key roles. The global vulcanization accelerators market report shades light on few of the key industry players in the global market.

Some of the examples of key players in the market are Lanxess AG, Arkema, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., NOCIL Limited, and Kumho Petrochemical, among others.

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FMI study finds that the automotive industry slowdown in the past few months has changed the situation. However, government initiatives, tax cuts, and subsidies will continue to drive the growth of the automotive sector, and subsequently of the vulcanization accelerators market. Also, the increasing demand for vulcanized rubber in the manufacturing of industrial & medical rubber goods is expected to raise the demand for vulcanization accelerators.

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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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A new research by Future Market Insights on the perfluoropolyether (PFPE) market includes global industry analysis 2014-2021 and opportunity assessment 2022-2029. The report explores the perfluoropolyether market and provides the reader with analytical insights for the forecast period of 2022-2029.

As per the findings of the report, the global perfluoropolyether market is projected to experience a steady growth over the forecast period, due to multiple driving factors including increasing aerospace, automotive and electronic manufacturing activities across geographies.

The global perfluoropolyether market is estimated to reach ~ US$ 758.8 Mn in 2022, and increase at a CAGR of ~ 4.3% during the forecast period of 2022-2029. This progress in the market is majorly propelled by the growing consumption of perfluoropolyether as lubricants for automotive, chemical and aerospace applications such as wheel bearing and vacuum pump, and for high temperature procedures.

Sensing an increase in new aircraft deployment, especially in developing countries in Asia Pacific, manufacturers are tapping into newer opportunities in the region. Increasing demand for highly efficient lubricants in chemical and automotive industries is further likely to work to the advantage of perfluoropolyether market players.

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Europe and North America Lead Gains, South Asia to Offer Greater Opportunities

Although the regions such a Europe and North America are anticipated to hold significant market shares, the South Asia market is expected to project a steady growth in the global perfluoropolyether market over the forecast period of 2022-2029.

Moreover, macroeconomic factors such as increment in GDP, air transportation as well as production, expanding chemical industry and significant growth of the manufacturing sector, are expected to reflect significant increase in opportunities for perfluoropolyether market players in South Asia.

Perfluoropolyether Used Extensively in Aerospace and Automotive Applications

The perfluoropolyether market is categorized into four different segments such as form, application of perfluoropolyether, products, and regions.

• By form, the PFPE Oil is expected to hold a higher value as well as volume share against PFPE grease.
• By product, the linear perfluoropolyether is projected to attain a significant value shares in the perfluoropolyether market. Linear perfluoropolyethers are widely used as lubricants for the superior chemical properties and multiple applications.
• In terms of application, aerospace and automotive sectors will continue to account for relatively high market share. Increasing preference towards non-toxic lubricants from the end users is expected to drive the market. Increasing automotive production is expected to increase the demand for PFPE lubricants. PFPE is also used in other applications such as chemical and electronics, and is recently being used for textile as well as leather applications.

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Perfluoropolyether Market By Category

By Form:

• PFPE – Greases
• PFPE – Oil

By Product Type:

• Linear
• Branched

By Application:

• Automotive
• Aerospace
• Chemical
• Electronics
• Others

Perfluoropolyether Market: Players Insights

The perfluoropolyether market report focuses on a number of stakeholders, some of these players have come out as the market leaders. Few examples of such manufacturers in the perfluoropolyether market are as follows; The Chemours Company FC, LLC, Klüber Lubrication München SE & Co. KG, Solvay S.A., TOTAL S.A., M&I Materials Ltd, HUSKEY Specialty Lubricants, Daikin Industries Ltd., and NYE Lubricants Inc. and FluoroTech USA among various others.

The global perfluoropolyether market is highly fragmented, with multiple tier 2 and tier 3 players. Key players provide perfluoropolyether under their trademarked names such as Fomblin® Series, HUSKEY® PF Series, Vertrel™ XF specialty fluid, Vertrel™ MCA Plus specialty fluid®, and DEMNUM®, among others.

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What was the Impact of COVID-19 Crisis on Global Market of Perfluoropolyether?

With the outbreak of SARS-COV-2 virus all over the globe in the initial quarter of 2020 has resulted in the decrease in the production of automotive, aircrafts and other. Reduce in the movement of the vehicles and aircrafts has impacted the sales of perfluoropolyether significantly in these application segments.

Further shutdown of the manufacturing industries due to social distancing and lockdowns has also impacted the consumption of the lubricants and oil all over the world. However, economic recovery from the second half of the year 2020 and opening of the manufacturing sectors had boosted the consumption resulting in the recovery of the demand.

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About 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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According to the latest research from Future Market Insights (FMI), the worldwide sales of sodium caseinate will increase ~5% year-over-year to reach ~270 thousand tons in 2022, up from ~258 thousand tons in 2021.

FMI analysts forecast the sodium caseinate market to grow at a value CAGR of ~4.6% through to 2029, driven by greater demand for functional or fortified foods along with the shift of high-protein trend from niche to mainstream.

The analyst finds that the sheer volume of bakery consumption in recent years has largely contributed the increased sales of different types of protein, thereby potentially raising the demand for sodium caseinate. Offering whipping and aeration stability to food emulsions, sodium caseinate has garnered significant traction as a viable emulsifier or food additive in various sectors of F&B industry.

However, the launch of animal-free emulsifiers in line with emerging trends of veganism and increasing awareness regarding the impact of food production, especially for animal-based products, on environment will represent a potential threat for the market players.

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Sales of Food Grade Sodium Caseinate to Ramp up in 2021

According to the FMI analyst, the consumption of food grade sodium caseinate, especially for dairy, frozen foods, and bakery & confectionery products, continue to influence the growth strategies of the market players, as the category accounted for three-fourth share of the market in 2018.

To tap into opportunities in different end-use industries, ranging from cosmetics to chemical, manufacturers are focused on increasing the production of industrial grade sodium caseinate, which is likely to represent ~5% increase in sales in 2022.

“Sodium caseinate worth ~US$ 480 million were sold as food additive in 2021, while its application as emulsifier is likely to result in increased market share in the foreseeable future,” said the FMI analyst.

“As today’s consumers move towards highly nutrient products which support weight management and counteract the risk of obesity and other lifestyle diseases, F&B manufacturers are increasingly demanding for sodium caseinate as an ideal fat free stabilizer for wide range of products.”

F&B Industry to Unlock New Profit Pools for Market Vendors

The global food industry no longer looks like its former self, as increased incomes, preferential shifts towards health and wellness, and structural shift towards urban living have brought significant transformation in recent years, according to the FMI analyst.

In 2021, the consumption of sodium caseinate by F&B industry accounted for ~70% sales, while the application in pharmaceuticals and cosmetics is likely to witness a quantum leap in growth in 2022 and beyond. Considering the nature and excellent properties of the product including high degree of emulsification, viscosity-enhancing, and foaming and gas retention, manufacturers are exploring the application of sodium caseinate in chemical and other industrial products.

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Key Companies Profiled

• Israel Chemicals Ltd
• AGROCOMPLEX Sp. z o.o.
• Lactoprot Deutschland Gmbh
• Erie Foods International Inc.
• Charotar Casein Company
• AMCO Proteins
• Avani Food Products
• Fonterra Co-operative Group
• Ningxia Yimei Biotechnology Co., Ltd.
• Gansu Hua’an Biotechnology Group

Sodium Caseinate Market by Category

By Product Grade:

• Food Grade
• Industrial Grade

By Application:

• Food Additives
• Emulsifiers
• Free Fat Stabilizers
• Others

By End Use:

• Food & Beverages
• Pharmaceuticals
• Cosmetics
• Chemicals
• Other Industrial

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East Asia to Take Centre Stage in Sodium Caseinate Market

The FMI analyst forecasts that Europe and East Asia are neck and neck to acquire the leading position in sodium caseinate market. Rising consumer interest in the benefits of high quality ingredients in various food products is likely to offer greater opportunities for market players in East Asia.

In 2021, the East Asia market for sodium caseinate market accounted for ~26% revenue to share, and is expected to record ~6% y-o-y growth in 2022. In the global scenario, the sodium caseinate market shows a high level of fragmentation, with a number of global players collectively accounting for 20-25% share.

The emergence of large number of local consumers catering to domestic end users has resulted into contracted profit margins of the international players. Establishing strong relationship to distribution channel partners and strengthening manufacturing facilities continue to key focal points of the manufactures.

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About 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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Finds Future Market Insights (FMI) in a recent research study. As per the study, the industrial oxygen market is anticipated to witness a growth rate of 7.9% during the coming assessment period. Growth in the steel industry is expected to boost the demand for industrial oxygen, as commercial oxygen is used in the production of materials such as stainless steel.

Growing demand for oxygen from various industries, including metal fabrication and welding, aerospace and automotive, chemical, metallurgy, construction and steel industries, and the healthcare sector are anticipated to boost the demand of industrial oxygen in the coming decade.

Expansion of construction and automotive sectors is expected to indirectly boost the demand of industrial oxygen in the coming years. The growing aerospace industry is also expected to bolster the demand for commercial oxygen in the near future, as liquid oxygen is used as fuel.

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Moreover, the growing healthcare sector also has boosted the consumption of industrial oxygen. During the pandemic, the demand for oxygen witnessed a sudden surge owing to the increasing number of COVID-19 patients all over the globe in the year 2020 and 2021. These factors will prove crucial for continued growth of the global industrial oxygen market.

The market is further anticipated to reach a value of US$ 129.77 Bn by the end of the forecast period. With the growing demand for metals, from the construction and automotive sector, the demand for industrial oxygen is also expected to witness substantial growth, since oxygen is used in the production of steel and alloys.

Key Takeaways from Industrial Oxygen Market Study

• Liquefied oxygen will witness significant growth in demand from aerospace, healthcare, construction, and steel industries. It will hold around 55% of the global value share.
• Growing demand for oxygen for application in chemical processing is also anticipated to bolster sales, accounting for over US$ 8.3 Bn in 2021.
• The North America market is dominated by the U.S., accounting for over 84% of the regional market, driven by relatively higher levels of industrial investment.
• Germany and France hold the lead in Europe, with a valuation of over US$ 2.5 Bn and 2.3 Bn in 2021.
• Driven by developments in the industrial and infrastructure sector, China is expected to remain a key market, accounting for more than 65% of the East Asia value share.

“The healthcare sector has been exhibiting demand for oxygen amid COVID-19 outbreak owing to the critical requirement of oxygen supply for the surging number of covid-19 patients, resulting is supply shortages in many markets,” said a lead analyst at FMI.

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Industrial Oxygen Market by Category

By Product Type:

• Compressed Oxygen Gas
• Liquefied Oxygen
• Oxygen Gas Mixture

By End Use:

• Automotive & Aerospace
• Chemical Processing
• Energy
• Construction & Metallurgy
• Medical & Healthcare
• Food & Beverages
• Welding & Metal Fabrication
• Others

Who is Winning?

Leading players in the industrial oxygen market are focusing on strategic expansions by bolstering production capacity, opening new plants in emerging economies, in addition to collaborations and partnerships to provide high quality products and to increase market presence. These companies are also focusing on strengthening of their product portfolio and developing stronger distribution partnerships.

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Key manufacturers in the industrial oxygen market include but are not limited to Matheson Tri-Gas Inc, Air Products and Chemicals, Inc. Noble Gas Solutions, Air Liquide, LINDE plc, Gulf Cryo, SOL Spa, Messer Group GmbH, Showa Denko K.K., Air Water Inc., Ellenbarrie Industrial Gases Ltd., Taiyo Nippon Sanso Corporation, KOATSU GAS KOGYO CO., LTD., Yingde Gases Group Co., Ltd., Daesung Group, INOX Air Products Private Limited, International Industrial Gases Limited, Axcel Gases, ECHO Gases Pvt. Ltd., Premier Cryogenics Ltd., Bhuruka Gases Limited, Seva Gases Private Limited and Piramala Gases.

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About 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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