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Construction Chemicals Market is Anticipated to Grow at a CAGR of 6.7% during the Forecast Period by 2032

According to a recent industry analysis by Future Market Insights, the construction chemicals market is expected to be worth US$ 54.85 billion in 2022. (FMI). Over the projection period, demand is expected to increase at a CAGR of 6.7%.

Major players in the construction chemical industry are focusing on environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection.

Demand for construction chemicals is boosted by rising living standards and per capita disposable income. There is probably more residential and non-residential construction to accommodate the growing demand brought on by urbanization. However, government regulations forbid the excessive use of construction chemicals, as VOC emissions prevent the construction chemicals market for these materials from growing.

In order to emphasize multifunctional properties and significantly support unique materials with a variety of uses, the building chemicals industry is generating a wide range of solutions, such as small changes of conventional materials and the development of new material assemblages.

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Applications of construction chemicals are essential for maintenance tasks. The importance of maintaining, repairing, and enhancing existing structures, particularly for residential and infrastructural developments, is what drives demand for construction chemicals.

Numerous government initiatives to promote infrastructure development, together with the rising residential sector, have significantly supported the market expansion in the area over the predicted period.

Key Takeaways

The construction chemicals market is likely to have a CAGR of 7% during the forecast period.
According to the application, the resident segment holds the largest share during the forecast period for the construction chemicals
North America holds a significant share in the global construction chemicals
Based on type, concrete admixture accounted for the 36% construction chemicals market share in 2021.
During the forecast period, Asia Pacific is expected to dominate the construction chemicals market.
The value of the construction chemicals market is expected to be US$ 104.92 billion by 2032.

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Competitive Landscape:

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

To boost their market share in the construction chemicals industry, the leading companies in this space mostly employ acquisition and growth strategies.

The DOW Chemical Co., RPM International Inc, Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, Guangzhou Jointas Chemical Co. Ltd are some major key players in the construction chemicals market.

Construction Chemicals Market Key segments

By Product Type:

Waterproofing Chemicals
Protective Coating
Concrete Admixture
Adhesives & Sealants
Asphalt Additives

By Application:

Residential
Commercial & Industrial
Infrastructure

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Recent Developments

In July 2021, Saint-Gobain and Chryso, a major player in the worldwide construction chemicals market, entered into a purchase agreement. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction. With combined sales of more than €3 billion across 66 countries, it further increased the Group’s footprint in the developing construction chemicals sector.
With the debut of a distinct green product line in the category, JSW Cement, India’s top green cement business, entered the construction chemical market in June 2021. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation grew as a result of this development.

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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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Geosynthetics Market Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029.

The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029.

As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years.

The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.

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APEJ’s Market Attractiveness Intact, Says FMI’s Report

Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future.

Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.

Product Portfolio Enhancements & Technological Innovations

Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.

In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.

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Geosynthetics Market by Category

Product Type:

Geotextile
Geomembrane
Geogrid
Geonet
Geocomposite
Geosynthetic clay liner
Others

Material Type :

Polyethylene (HDPE/LLDPE)
Polypropylene (PP)
Polyester
Natural fibers
Others

Primary Application:

Separation
Drainage & filtration
Reinforcement
Containment

End-use :

Roads (paved & unpaved)
Railways
Retaining walls
Waterworks and waste treatments
Landfill & erosion control
Others

Use of Different Materials to Enhance Strength and Durability

Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones.

Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability. As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period.

Other geosynthetic products such as geocell, geofoam, geo-pipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.

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Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance. The use of metallocene PP offers relatively lightweight geotextiles and increased production.

Competitive analysis of the global geosynthetics market reveals that among the several active participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a relatively lower share, which has been attributed to high competition from a large number of local players operating at low profit margins and have better accessibility within regional markets. Some of the leading companies are also observed to be operating through their sales offices, or collaborating with regional manufacturers.

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Corrosion Protection Polymer Coating Market: In-Depth Analysis with Booming Trends Supporting Growth and Forecast

According to this report, the global corrosion protection polymer coating market will be valued at more than US$ 19.5 Bn by the end of 2022. Despite the slew of factors devaluing the production of these industrially-essential materials.

The demand for corrosion protection polymer coatings will incur steady growth, primarily due to its rising end-use in the oil & gas industry. Corrosion of metals and metallic surfaces remains to be a perpetual problem for industries across the globe.

Manufacturing and transportation of products in almost every industrial vertical has changed rapidly, registering a higher presence of chemicals factoring such corrosions. Companies continue to adopt innovative and effective corrosion control methods, wherein polymer coatings are an integral offering.

High resistance against chemical corrosion and abrasion continues to propel the demand for such corrosion protection polymer coatings, while their manufacturing, which involves hazardous materials & volatile emissions, creates grave concern for the environment.

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In the view of stringent regulations imposed by environmental protection agencies on manufacturing of such toxic products, the demand for corrosion protection polymer coating is less likely to witness high upturns in the future. A latest market study published by Future Market Insights anticipates that the global market for corrosion protection polymer coatings will soar at a steady CAGR of 5.1% during the forecast period, 2017-2022.

Corrosion Protection Polymer Coating Market: Upsurge in Oil & Gas End-use

The global oil & gas sector continues to attain stability in the times of highly-fluctuating oil prices. With respect to the changing landscape of this industry, companies are focusing towards prevention of industrial failures due to undue chemical corrosion.

From oilfield pipelines to refiners, all key industrial surfaces in the oil & gas sector are likely to be coated with corrosion protective polymers. In the future as well, the demand for corrosion protection polymer coatings in oil & gas sector is anticipated to increase.

While their contribution to the global market value of corrosion protection polymer coatings will be moderate, oil & gas companies will be observed as fast-grossing end-user during the forecast period. Towards the end of 2022, corrosion protection polymer coatings worth nearly US$ 3 Bn are anticipated to be used by oil & gas companies around the world.

Additional insights from the report:

In 2017, corrosion protection polymer coatings made of vinyl esters and flake-filled vinyl esters will contribute to less than 4% share on global revenues, albeit, their demand over the forecast period will grow vigorously
Through 2022, the demand for epoxies is slated to decline, registering a sluggish revenue growth at a CAGR of 4.2%
Between 2017 and 2022, powder-based corrosion protection polymer coatings are likely to create an incremental opportunity of a little over US$ 650 Mn
During the forecast period, the global demand for corrosion protection polymer coating in waterborne form will rise at a robust pace
Asia-Pacific excluding Japan (APEJ) region will be the largest market for corrosion protection polymer coating, and will be valued at US$ 7.1 Bn by 2022-end
Throughout the forecast period, Europe’s corrosion protection polymer coating market is assessed to record a sluggish growth

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Market Taxonomy

A concise taxonomy of the global corrosion protection polymer coating market has been summarized below:

Product Type

Epoxy
Polyurethane
Alkyd
Acrylic
Fluoropolymer
Vinyl Ester & Flake-filled Vinyl Ester

End Use

Marine
Oil and Gas
Power Generation
Construction
Automotive
Transportation
Chemicals
Mining & Metallurgy
Others

Form Type

Solvent-borne
Waterborne
Powder-based

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Companies to Watch

The report also anticipates that companies, namely BASF Coating GmbH, Polycorp Limited, STEULER – KCH GmbH, Koch Knight LLC, Akzo Nobel NV, Axalta Coating Systems, Jotun A/S, Ashland Global Holdings, Inc., PPG Industries, Inc., and The Sherwin Williams Company will remain active in the global market for corrosion protection polymer coatings through 2022.

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Content Creation Market is Expected to Expand at a CAGR of 12.2%, with a Value of US$ 47.2 billion from 2022 to 2032

The diminishing content creation market estimating, developing cell phone and tablet client bases, rising web infiltration, and more noteworthy utilization of computerized marketing apparatuses are probably going to decidedly affect the market.

To draw in possible clients, players are zeroing in on creating and carrying out computerized systems, empowering the development of market share.

Content creation app platforms account for the leading share of creation apps demand by product, and demand is expected to grow at the fastest pace through 2032.

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The content creation market is expected to escalate at a CAGR of 12.2% from US$ 13.4 billion in 2022 to US$ 47.2 billion through 2032 because of:

Content creation tools and services are important for creating and selecting content that meets the needs of businesses. As businesses focus on devising and implementing digital strategies to attract potential clients, content creation tools and services are becoming increasingly important, this then is the growing demand for content creation.
White papers, blog posts, e-newsletters, case studies and other types of content, such as white papers and blog posts, help to target relevant audiences. B2B communication is becoming increasingly dependent on digital content because of increased online traffic and the proliferation of internet services, thereby affecting the sales of the content creation market. Business owners are adopting digital content creation tools and services to take advantage of the increased online traffic and implementing digital marketing strategies.

In the last couple of years, the digital content creation market has grown significantly. A COVID-19 pandemic expected to harmonize the market globally is expected to drive the content creation market.
Almost all operations are now conducted remotely, and the use of digital content creation tools and services has enabled organizations to continually implement digital strategies.

According to market research firm Transparency Market Research, global digital content creation market is segmented into tools and services. Based on components, it is divided into content formats, deployment types, enterprise sizes, end-use industries, and geographies. Based on the content format, the digital content creation market is segmented into textual, graphical, video, audio, and others.

The digital content creation tools can be categorized into content authoring, content transformation, content publishing, and others; the digital content creation services can be categorized into professional services and managed services.

Global demand for content creation is surging; content creation market to grow at a CAGR of 13.1% through 2032. Social media content creator market will be driven by:

Depending on deployment type, the global content creation market is segmented into on-premises and cloud.
Among enterprises, large enterprises and small & medium enterprises account for the growth of majority of the global content creation market.
Markets for global content creation are segmented by end-use industry into the hospitality, retail, automotive, travel & tourism, healthcare, pharmaceuticals, media & entertainment, and government sectors.
Geographically, the global digital content creation market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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A number of prominent players are active in the global digital content creation market, such as Acrolinx GmbH, Activision Blizzard, Inc., Adobe, Apple Inc., Aptara Inc., Avid Technology, Inc., Comcast, Corel Corporation, and Integra Software Services Pvt., Magic Software Enterprises, MarketMuse Inc., Microsoft Corporation, Quark Software Inc., and Trivantis.

With the decline in cost of digital content creation, increasing internet penetration, development of smartphones and tablets, as well as adoption of digital marketing tools, the global digital content creation market is growing rapidly.

Key Segments to Look for:

By Content Format:

Textual
Graphical
Video
Audio
Others

By Tool Type:

Cloud-based/Web-based Content Creation Tools
On-premise Content Creation Tool

By Enterprise Size:

Large Enterprises
Small & Medium Enterprises (SMEs)

By End User:

IT & Telecom
Travel & Hospitality
Retail
Education
Healthcare
Media & Entertainment
Others

By Region:

North America

Latin America
Asia Pacific
Europe
Middle East and Africa

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Employee Engagement Market is Expected to Reach US$ 3.8 Bn from 2022 to 2032

The global employee engagement market is expected to grow at a CAGR of 9.1% during the forecast period (2022 to 2032), reaching nearly US$ 3.8 Bn by 2032.

Every aspect of human resource management (HRM) has been impacted by technological advancements across numerous sectors. Employee benefit platforms, performance management tools, employee recognition tools, and survey tools are widely being adopted by companies to ensure a better relationship with their employees.

Cloud-based employee engagement software has made it easier for enterprises to provide better and faster outcomes. These enterprises and their corresponding employees are benefitted from this software and the tools. The present generation is of digital nomads who embrace employee engagement through technology.

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In recent years, there have been efficient and sophisticated employee engagement solutions that assist enterprises in the people management processes. Increasing implementation of ML (Machine Learning) and AI (Artificial Intelligence) in the workplace to manage employees and their workflow will further spur demand in the market.

AI promotes effective communication and individualized actions that take place throughout. HR department is able to make better-informed, data-driven decisions and make rational choices to engage & retain the employees. Using these solutions, managers use the data to better understand the factors that influence employee productivity.

“Growing trend of remote work culture, along with increasing need across organizations to focus on employee centricity will augment the growth in the market,” says an FMI analyst.

Key Takeaways:

By solution, the employee engagement software segment is anticipated expand at a CAGR of 1% through the forecast period.
Unified communications software will hold the largest market share of 4% by 2032.
Among the enterprise size, the large enterprise segment is estimated to grow by 2X during the forecast period.
By industry, the BFSI industry segment is anticipated to grow at the highest CAGR of 9% from 2022 to 2032, followed by the IT & telecom industry.
North America is estimated to lead the employee engagement market followed by the Europe in 2022. Whereas South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
Employee engagement market in East Asia is estimated to witness an absolute $ opportunity of US $322.6 Mn in the forecast period.

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Competitive Landscape

Leading players operating in the global employee engagement market are investing in mergers, acquisitions and collaborations with start-ups and other service providers to improve sales in the market.

Some of the key players include IBM Corporation, Microsoft Corporation, Google, Bitrix24, Atlassian Corporation Plc, Xoxoday, Connecteam, Officevibe (GSoft Group Inc.), and others.

In March 2022, Lattice, a people success platform for companies announced the release of a new OKR and Goals solution targeted at establishing strategic alignment between organizations and their workers. This tool assists firms in constantly setting and managing objectives, in order to remain aligned and on track in the business processes.
In March 2021, Workday Inc., a provider of business cloud solutions for finance and human resource, finalized the purchase of Peakon ApS, a platform for employee success that turns feedback into actionable insights. Peakon is currently a part of Workday.

More Valuable Insights on Employee Engagement Market

Future Market Insight’s report on the employee engagement industry market research is segmented into five major sections – by solutions (software (integrated employee engagement platform, standalone software (unified communications software, enterprise social intranet software, employee recognition & reward software, employee performance management software)), and services (professional services (consulting services, integration & implementation, support & maintenance, training & development), and managed services)), by deployment (on-premise, and cloud-based), enterprise size (small and mid-sized enterprises (SMEs), and large enterprises), industry (IT & telecom, BFSI, healthcare, retail, manufacturing, government, manufacturing, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the employee engagement demand outlook.

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Employee Engagement Market Outlook by Category

By Solution:

Software
Services

Managed Services

By Deployment:

Cloud-Based
On-Premises

By Enterprise Size:

Small and Mid-Sized Enterprises (SMEs)
Large Enterprises

By Industry:

IT & Telecom
BFSI
Retail
Healthcare
Government
Manufacturing
Others

By Region:

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

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USB Type-C market is Expected to Grow to a Value of US$ 127.2 billion by 2030 | Report by FMI

According to a recent report published by Future Market Insights, the USB Type C market is expected surpass US$ 127.2 Bn by 2030 at 29.7% CAGR, with applications in the telecommunication industry gaining major market share.

Due to the coronavirus outbreak and the rising need for smartphones, tablets, and laptops to support work-from-home and e-learning needs, the market for USB type C technology is expected to grow globally in 2020, albeit more slowly than in 2019.

According to FMI researchers, applications for the telecommunications sector will play a significant role in the industry’s revenue growth for data transmission and power delivery systems. On the other hand, market participants face competition from various alternative technologies like micro-USB.

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Due to efforts made by manufacturers in the consumer electronics and industrial electronics sectors to standardise component specifications, the USB type C market is anticipated to experience exponential expansion over the course of the research period. Additionally, the expected spike in demand for electric vehicles would ultimately improve market dynamics.

Even if the market for USB type C is predicted to grow even further, concerns with voltage fluctuations and heat dissipation in automotive applications continue to be significant problems for industry participants.

The study by FMI covers a comprehensive overview of the industry, discussing key dynamics of the market. Some of the critical takeaways of the report include:

The USB type C market was valued at 15.9 Bn in 2022, with growth in demand marginally impacted during the coronavirus outbreak, with supply chain disruptions.
Telecommunication industry applications of USB type C products contribute substantially to revenues, with the development and implementation of power delivery and connector technologies.
Smartphone and tablet applications of USB type C technology is reflecting higher demand than computers, cameras, TVs, and media players. However, charger and adapter applications are likely to reflect faster growth through 2030.
North America remains a major market, supported by demand for smartphone charging and internet applications. However, East Asia is generating lucrative growth opportunities with investments in production facilities from international players, and growing focus on industrial and automotive electronics.

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Covid-19 Impact on USB Type C Market

The increasing penetration and use of smartphones, tablets, and laptops, as well as the rise in data transmission and power consumption applications in the consumer electronics industry, have continued to be major drivers of the USB type C market. However, it is predicted that the coronavirus pandemic will have a negligible short-term effect on the market.

Due to the limitations put in place by governments all over the world, the industry is anticipated to see problems with the supply of components and raw materials.

However, it is projected that the popularity of remote learning choices and the trend toward home-based business models would increase application and demand for USB type C goods.

Competitive Landscape

USB Type-C product manufacturers are focusing on investments in product development in terms of energy efficiency and faster charging for portable devices.

Market players are also pushing for capacity and geographic expansions to keep up with the trends of standardization, and the massive demand for related devices.

For instance,

Cypress Semiconductor announced the release of two USB Type-C controllers for applications with laptops and desktops, under the names EZ-PD CCG6SF and EZ-PD CCG6DF, for dual and single port uses with USB 3.2 configurations.

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USB Type-C Industry Survey

USB Type-C Market by Protocol:

DisplayPort
HDMI
MHL
Thunderbolt
USB Audio over USB Type-C

USB Type-C Market by Application:

Smartphones & Tablets
Personal Computers & Laptops
Digital Cameras
TVs
Chargers & Adapters
Media Players
Others

USB Type-C Market by Industry:

Consumer Electronics
Automotive
Media & Entertainment
Telecommunications
Healthcare
Others

USB Type-C Market by Region:

North America USB Type-C Market
Latin America USB Type-C Market
Europe USB Type-C Market
East Asia USB Type-C Market
South Asia & Pacific USB Type-C Market
Middle East & Africa (MEA) USB Type-C Market

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Asphalt Shingles Market | Future Plans and Industry Growth with Quantitative And Qualitative Analysis

Account for over three-fourth revenue share of the market, re-roofing end market segment is expected to dominate the global asphalt shingles market during 2017 to 2022. However, this end-market segment is projected to register a low CAGR through 2022.

On the other hand, sales of asphalt shingles in new construction end-market segment are expected to register a relatively higher CAGR through 2022. A latest report by Future Market Insights (FMI) has projected the global market to register a low-single digit CAGR throughout the forecast period 2017 to 2022.

However, the market is anticipated to experience a sustained expansion on the back of increasing re-roofing and new construction activities resulting from extreme weather conditions. Global sales of asphalt shingles are expected to reach nearly US$ 10,000 Mn in revenues by 2022-end.

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Extreme Weather Conditions Owing to Global Warming to Fuel Adoption of Asphalt Shingles

Global warming is now being called as climate change, and has been affecting subtropical regions to experience extreme cold weathers and even witness snowfall at times during winters. As some of these regions fall under developing or underdeveloped economies, cost of roofing activities becomes a major concern for the population thriving here.

A wide variety of roofing materials are available across the globe based on performance, structural, economic, and aesthetic requirements. These include cedar shake, slate, clay tiles and metal. However, asphalt shingles provide enough aesthetic appeal, along with adequate protection at just a small fraction of the amount invested for other roofing materials.

Moreover, asphalt shingles are cost-effective and are able to easily get replaced when damaged. Demand for asphalt shingles will therefore gain traction, with spending on residential building construction expected to witness a surge in the near future.

Fiberglass to Remain Most Attractive Composition of Asphalt Shingles

Fiberglass and organic are two composition types of asphalt shingles available in the global market. While organic asphalt shingles are comparatively more durable than fiberglass, they are more flammable, therefore highly prone to fire. In addition, they are less eco-friendly owing to relatively higher asphalt content.

Fiberglass shingles provide excellent fire resistance, making them to gradually replace the organic shingles for roofing activities. Fiberglass is expected to remain the most attractive composition of asphalt shingles, with sales estimated to account for approximately US$ 8,000 Mn by 2022-end.

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Laminates to Remain Sought-After among Products in the Market

Laminates asphalt shingles are expected to remain sought-after among products in the market, and their sales are projected to hold over half revenue share of the market. High demand for laminates asphalt shingles can be highly attributed to increased attraction towards roofing materials with high wind resistance, impact resistance, and protection from degradation owing to exposure to elements.

In addition, sales of strip asphalt shingles are expected to exhibit the highest CAGR in the market through 2022, based on product type. Although North America is anticipated to remain the largest market for asphalt shingles, Asia-Pacific excluding Japan (APEJ) is projected to register a relatively faster expansion through 2022. Middle East & Africa (MEA) and Japan are expected to remain the least lucrative markets for asphalt shingles over the forecast period.

Market Taxonomy

The report also includes chapters comprising a segmentation-wise forecast and analysis on the global asphalt shingles market. The global market for asphalt shingles is segmented based on product, end market, composition, and region.

Along with the segmentation analysis offered, the report also renders country-specific analysis & forecast, and the cross-sectional data concerning the market. The details regarding taxonomy of the global asphalt shingles market have been portrayed in the table below.

Product Type

Heavy Laminates
Laminates
Strip

Composition

Fiberglass Asphalt Shingles
Organic Asphalt Shingles

End Market

New Construction
Re-roofing

Manufacturers Shifting Focus toward Enhancing their Brand Reputation

Leading manufacturers of asphalt shingles are focusing their shift toward enhancing their brand reputation by offering wide range of products, and higher quality standards as compared to other competitors in the market. Key players in the market are adopting business strategies to come up with advanced & sophisticated product development techniques.

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They are also concentrating on development of an established manufacturing process, and in-depth understanding of market and customers. Key market players listed in FMI’s report Include Atlas Roofing Corporation, Polyglass U.S.A., Inc., Tarco, Inc., TAMKO Building Products, Inc., Siplast, Inc., IKO Industries, Ltd., Malarkey Roofing Products, Henry Company LLC, Certain Teed Corporation, and Owens Corning.

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Hair Lightening Products Market is Expected to Expand Its Roots at a Low CAGR of 4.4% During The Forecast Period

The hair lightening products market size is projected to reach a valuation of US$ 7.32 Bn in 2022, likely to surge at a vigorous 4.4% CAGR during 2022 – 2032.

Hair lightening is a technique by which a person’s hair color can be changed using lightener or hair color. There are several techniques to perform hair lightening, such as – all-over bleach, super-lightening color treatment, balayage and highlights. The growing desire to look attractive drives the sale of hair lightening products in market.

Some recent trends showcase the growing usage of hair lightening, especially for in white-blonde highlights, pony lights, bold pink, copper penny solid brunette, baby blonde, silver etc. Preference is also seen for natural or organic hair lightening products in the market.

The market for hair lightening goods is being boosted by an increasing willingness to pay more on haircare products such as hair lightening products. Hair lightening products have seen a major increase in popularity in recent years. Hair lightening product sales are pushed by large numbers of consumers eager to spend money on hair care and styling products.

Hair Lightening Products Market: Market Dynamics

Increasing popularity of hair lightening products and changing lifestyle are the drivers for the market. Consumers’ shifting focus from chemical based products to natural or organic lightening products has engaged manufacturer in producing natural & organic hair lightening products.

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The growing trend for beauty products, increasing desire of attractiveness and changing lifestyle has a greater impact on hair care products which further drives the hair lightening products market. The spray and shampoo are the most popular products among consumers in hair lightening products category. Now a days, manufacturers are coming up with new innovations and features. As an example, the producers have introduced sulfate-free color stay shampoo which does not irritates sensitive skin and scalps of users.

The demand for natural and organic hair lightening products is being driven by rising awareness of the dangers of utilising chemical hair products. Increased disposable income and purchasing power are also increasing cosmetics sales, which in turn is driving the sale of hair whitening products. Furthermore, the presence of e-commerce propels the market for hair lightening products.

Hair Lightening Products Market: Regional Outlook

The hair lightening products market is expected to register a healthy growth across all the geographies during the forecast period. The individual’s use of hair lightening products is growing and the commercial segment is likely to push market the sales of hair lightening products market. Manufacturers of hair care & styling products are expanding their operations into developing regions such as China, India.

These countries are considered as emerging countries with potential opportunities. Changing lifestyle and growing fashion sense drives the hair lightening products market. In terms of market share, North America holds a significant share of the market. The market significance is attributed to several factors such as new product launches, technological innovation, and product adoption rate. Growing demand for professional hair care services also drive the sales of hair lightening products. Middle East & Africa is projected to showcase steady growth in the global hair lightening products market due to the growth in beauty products.

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Hair Lightening Products Market: Key Players

Some of the key players operating in the global Lakme, Loreal, Quai, John Frieda, Klorane, Sun Bum, IGK, Farouk Systems, Inc. and others

The research report presents a comprehensive assessment of the hair lightening products market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for hair lightening products market. The research report of hair lightening products provides analysis and information according to market segments such as geographies, product type, price, and application

The Hair Lightening Products market report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The Hair Lightening Products regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
East Asia (China, Japan, South Korea)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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

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Hair Lightening Products Market: Market Segmentation

The hair lightening products market is segmented into different parts based on the product type, nature, price range, application, and sales channel.

On the basis of product type, the global hair lightening products market has been segmented as –

Cream
Spray
Shampoo
Mask

On the basis of nature, the global hair lightening products market has been segmented as –

Organic
Natural
Conventional

On the basis of price range, the global hair lightening products market has been segmented as –

High Range
Mid-Range
Economical

The Hair Lightening Products Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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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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Synthetic Leather Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2032

A recently published study by FMI expects the global synthetic leather market to augment at a 6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 50 Billion is expected for the market.

Manufacturing, innovation and use of synthetic leather is undergoing several changes. This has led to the rapid adoption of synthetic leather in various end user industries. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 1% and closing at US$ 26.34 Billion.

Although the COVID-19 pandemic affected the sales of synthetic leather, post-pandemic, the sales of the same have increased owing to its various properties. Manufacturers are now making synthetic leather made of environmentally friendly materials.

Furthermore, key players in the synthetic leather market are launching products that make wide use of synthetic leathers, thus, increasing use of the same. The use of synthetic leather in automotive, consumer electronic and fashion industries is propelling the sales of the same. This, in turn, is contributing to the growth of the market.

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Key Takeaways from the Market Study

By material type, polyurethane (PU) synthetic leather is expected to possess 40% market share for synthetic leather market in 2022.
Italy is expected to hold nearly 30% market share for synthetic leather market in 2022.
India is expected to possess 25% market share for synthetic leather market in 2022
S. is expected to hold 35% market share for synthetic leather market in 2022
Japan is expected to procure 33% market share for synthetic leather market in 2022.

“The synthetic leather industry is undergoing a drastic change. Innovations in manufacturing sustainable leather along with making it durable is increasing the usage of the same.” states an FMI analyst.

Market Competition

FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in synthetic leather market. They collectively account for more than 30% of global market share as of 2022.

Bucha Bio launched plant based leather which is completely made in laboratory in July 2021, in an attempt to push the envelope towards introducing a sustainable leather alternative that can be used for shoes, clothing, accessories and more.
In June 2021, Gucci launched its brand new range of footwear made from bio-based synthetic leather derived from wood pulp.

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Key Segments Profiled In The Synthetic Leather Market Industry Survey

Synthetic Leather by Material Type:

Polyvinyl Chloride
Polyurethane
Bio Based

Synthetic Leather by Application:

Synthetic Leather for Footwear
Synthetic Leather for Furnishing
Synthetic Leather for Automotive
Synthetic Leather for Clothing
Synthetic Leather for Bags
Synthetic Leather for Sports
Synthetic Leather for Electronics

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global synthetic leather market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

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The study reveals essential insights on the basis of Material Type (Polyvinyl Chloride, Polyurethane, Bio Based), by Application (Footwear, Furnishing, Automotive, Clothing, Bags, Sports, Electronics) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Coil Coatings Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2029

A new market study by Future Market Insights on the global coil coatings market, evaluates key industry trends for the historical period 2014–2021 and forecasts the coil coatings market growth for the 2022–2029 period.

The report covers latest market dynamics, trends, macroeconomic factors, key success factors, industry value chain, forecast factors, opportunity assessment, incremental $ opportunity and competition analysis of all the major manufacturers involved in the coil coatings market. Topcoats remain highly preferred among end-use industries, especially in construction sectors, as compared to primers and backing coats.

Topcoats are used to provide color and gloss along with mechanical, chemical, and UV resistance to finished coils, and hence are widely adopted across the globe. The global coil coatings market value at US$ 5.0 Bn in 2022, and is projected to grow at a moderate CAGR of 4.7% during the estimated period of 2022-2029.

As per the findings of the study, the global coil coatings market is expected to witness moderate growth in terms of CAGR over the forecast period due to the recovering construction industry and growing investments driving number of new infrastructure projects.

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Aesthetic Properties of Coated Metal Sheet to Uphold the Market Growth

Development of new and innovative products will continue to have a tremendous impact on the industry and play an important role to promoting the coil coatings market growth in near future. Coil coated metal sheets provide architects with large number of design possibilities, while also allowing them to play with various colors, shapes, effects, and textures.

A steady stream of newly developed coatings, such as heat absorbing, heat reflecting, dirt-shedding, self-cleaning, etc. are finding their way into exterior building applications. These new functional coil coatings are a result of the environmental aspect being a strong factor in coil coatings’ development.

Emergence of Low-cost Products to Limit Coil Coatings Market Growth

Growing demand for high performance and low cost coil coatings is expected to be a restraining factor in the overall coil coatings market growth. These days, cheap pre-coated aluminium and steel coils are increasingly being imported, particularly from Asia Pacific.

Unfortunately, the quality and performance of these products are lower than that of European standards. However, it is unlikely to impact the end users, as white cladding, irrespective of its durability, is widely preferred.

Coil Coatings Market: Vendor Insights

The global coil coatings market is fairly consolidated, with the top four players – Akzo Nobel N.V., PPG Industries Inc., Valspar Corporation and Beckers Group – holding ~60% market share. This is mainly attributed to the fact that the major players are availed with better equipment and technology for the manufacturing of coil coatings.

On the other hand, tier-2 and other players have limited global reach and manufacturing capabilities. These players’ main focus is the local clientele and to have a significant presence in their respective regional markets. Manufacturers are also focusing on mergers and consolidations of business to improve their product portfolio and market presence.

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Some of the key developments in the coil coatings market are:

In 2021, BlueScope’s U.S. coil coatings and roll forming assets entered into a joint venture with the Tokyo-based steel manufacturing company Nippon Steel.
In 2014, PPG Industries, Inc. introduced DURASTAR ULTRA-COOL coatings, which enhances the aesthetic and also extends the life of panels, siding, and other components.

Coil Coatings Market By Category

Material Type :

Polyester
Epoxy
PVC
Plastisols
Acrylic
Polyurethane
PVDF
Silicone

End Use :

Construction
Transportation
HVAC
Metal Furniture
Others

Product Type :

Topcoats
Primers
Backing Coats
Others

Application :

Steel
Aluminum

How Is The Oil And Gas Industry Pushing Sales In The Coil Coatings Market?

The ever-increasing demand for oil and gas resources across the globe is a chief factor expected to propel the market in the forthcoming years. Rising utilization of alloys and metals, especially steel in reactors, pipelines, and structures in the oil and gas industry is estimated to boost the market.

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Most of the steel products required in oil and gas plants worldwide need coil coating paint before these are utilized for various applications. Rising extraction of oil and gas in untapped regions is another factor that is likely to aid growth.

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