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The increasing need for effective charging is expected to boost the demand for innovative technologies that provide rapid charging for industrial battery. Owing to this, there are various companies working towards providing faster charger alternatives. For instance, the Nidec Industrial solutions entered the segment of ultra-fast charging to foster the propelling demand for ultra-fast industrial battery charger.

Superior Reliability Solutions Developed for Usability in Commercial Sectors

The companies providing industrial battery charger solutions aim to provide a better and more superior quality industrial battery charger to the market to ensure that they could differentiate from the other competitors. Similar actions were taken by Delta-Q Technologies as they introduced the RC1000 Industrial battery charger for use in floor care machines that are powered by a battery. The company is focused on evolving its portfolio for providing best-in-class charging solutions.

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Delta-Q Technologies has also launched the industrial battery charger that is designed for small drones. The AI-powered battery management system enables the industrial battery charger to communicate with the smart batteries to monitor necessary parameters of the battery, as stated by the company.

Rapid Industrialization in Leading Countries to Foster the Growth of Industrial Battery Charger Market

Leading countries such as the United States has been providing growth opportunities for the industrial battery charger market players. The increasing industries, proliferating sectors, and major investments in such nations have given rise to increasing scope in these nations. For instance, the Piazza Produce, Inc. is being largely supported with industrial battery charger solutions by AMETEK Prestolite Power in its warehouse that the company aims to run 24/7.

Leading Investments in Battery Technology to Drive the Industrial Battery Charger Sale

The investments made by government of leading countries in facilities that improve battery development are expected to scale the demand for industrial battery charger. The UK government invested in the new center that would host the process of production and assembly thereby fostering the future of battery technologies.

Competitors in Industrial Battery Charger Market Recognize the Potential of the Product; Aim to Expand Capabilities

The key players that contribute to the industrial battery charger market includes AEG Power Solutions, LG Chem., ABB Ltd., Samsung SDI Co., ltd., NEC Corporation, Panasonic Corporation, Siemens AG, Tesla Motors Ltd., Lester Electrical, Panasonic Corp., General Electric Co., Minwa Electronics, Hitachi ltd, and Jackson Electronics.

ABB is a recognized as the leading players in the industrial battery charger market. The company is focused towards constant developments to grab a consistent place in the market. The company’s engineering center in UK would be double its size to ensure that it can offer extended services to customers.

LG Chem, a leading producer of industrial battery charger is working towards increasing its battery production capacity to ensure that the company can cater to future demand. This increasing producton of batteries is expected to boost the demand for industrial battery charger thereby fostering the market growth.

Exide is another name amongst the players in the industrial battery charger market, who recently unveiled its new line of industrial battery charger that is well-equipped to provide faster charging, while reducing the cost, carbon footprint, and service downtime.

Industrial Battery Charger Market Classification Traces the Several Segments that Collectively Consolidate in the Market

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When segmentation is based on the type of battery, the industrial battery charger market includes segments such as silicon controlled rectifier, high frequency, silicon controlled rectifier or ferroresonant hybrid, and ferroresonant.
Based on the battery configuration, the industrial battery charger market is classified into Float and Boost (FC & BC), Float Cum Boost (FCBC), Dual Float cum Boost (Dual FCBC), and Float and Float cum Boost (FC & FCBC).
Considering the application segments, the industrial battery charger market is divided into industrial equipment, power supply back up or uninterruptible power supply, electronic industry, power and thermal, and others.

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The global out of band authentication market is estimated to garner US$ 4.3 Billion while exhibiting a 13.2% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1.2 Billion in 2022.

The rising need for frictionless out of band authentication solutions among organizations and stringent data protection regulations for information security is the main driver of the market. Also, the growing instances of authentication relate frauds and data breaches increase the growth of the band authentication market.

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The increasing use of cloud-based technology such as artificial intelligence, big data and blockchain in many enterprises impelled the growth of the market. Also, the increasing adoption of digital payment modes increases the demand of the market in forecasting years which is often used in financial institutions and other organizations with high-security requirements. The services segment is likely to offer remunerative opportunities for the global out of band authentication market.

Key Takeaways from the Market Study

• By component, the solutions segment is expected to record an 12.4% CAGR by 2032
• By organization size, the SMEs segment to expand at a 12.4% growth rate during the forecast period
• The U.S market to garner US$ 1.5Billion and record a 13.1% CAGR from 2022-2032
• Market in China to procure US$ 300.1 Million, expanding at a 12.5% growth rate during the assessment period

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Competitive Landscape

Key players of the global out of band authentication market include Gemalto, CA Technologies, Symantec, Ping Identity, RSA Security among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are:

• In June 2022 – Thales Technologies has signed a contract with Samsung through which it will provide next-generation single-chip solutions embedded in Samsung’s latest flagship smartphone. Its secure solution enables connectivity and contactless services in Samsung’s Galaxy S20 series. The single-chip combines an embedded secure element (eSE) and an embedded SIM (eSIM) that enables high-performance contactless services and a fully digitalized mobile connectivity experience for highly compact smartphones, smartwatches, and tablets.
• In May 2022 – OneSpan, one of the global leaders in securing remote banking transactions, announced that leading Turkish bank, DenizBank, is using OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartõm.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global out of band authentication market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Covered in the Out of Band Authentication Market Report

Out of Band Authentication by Component:

• Out of Band Authentication Solutions
  • Hardware Solutions
  • Software Solutions
• Out of Band Authentication in Services
  • Professional Services
  • Managed Services

Out of Band Authentication by Authentication Channel:

• Out of Band Authentication via SMS
• Out of Band Authentication via Email
• Out of Band Authentication via Push Notification
• Out of Band Authentication via Voice
• Token-based Out of Band Authentication
• Other Out of Band Authentication Channels

Out of Band Authentication by Deployment type:

• Cloud based Out of Band Authentication
• On-Premises based Out of Band Authentication

Out of Band Authentication by Organisation Size:

• Out of band authentication for SMEs
• Out of band authentication for Large Enterprises

Out of Band Authentication by Vertical:

• Out of band authentication in Banking
• Out of band authentication in financial services and Insurance
• Out of band authentication in Government and Defence
• Out of band authentication in Retail
• Out of band authentication in Healthcare
• Out of band authentication in IT and Telecom
• Out of band authentication in Energy and Utilities
• Out of band authentication in Other Verticals (Manufacturing, Travel and Hospitality, Education, and Media & Entertainment)

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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 report of Future Market Insights (FMI) tracks global compost turning machine market keytrends performance over 2018-2028 and analyzes the demand patterns of compost turning machine on the basis of various attributes such as product type, output capacity, end-use industries, and region.

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Drum type compost turner machine is likely to maintain a dominating market value share through 2028, as indicated by the report. However, elevating face type compost turner machine that currently accounts for more than a third of the total market value, is projected to gain significant traction in the years to come. The report has attributed this growth to manufacturers’ focus on developing new technologies for compost turning machines as per the demand from different countries.

Developed Regional Markets for Compost Turning Machine to Hold Noteworthy Revenue Shares:Compost turning machine market in fast progressing Asian countries such as India and China is also registering significant growth owing to stringent government regulations that are likely to promote the use of these equipment in food manufacturing plants.

Agriculture industry in North America and Western Europe is heavily mechanized and commercialized. While agriculture is a major industry in both Canada and the US, the former has been one of the largest agricultural exporters and producers around the world. Moreover, highly developed agricultural practices in North America will provide endless opportunities to compost turner machine manufacturers during the forecast period.

Segmentation:

The agricultural end use of compost turning machine is expected to be a highly influential segment in compost turning machine market, according to the report. FMI has attributed the maximum market value share of agricultural industry in compost turning machine market to the growing demand for compost for the maintenance of organic carbon content of soil, eventually improving the uptake of nutrients by soil. Also, these machines reduce the use of fuel consuming land preparation processes owing to improvement in soil health, further advocating the adoption of compost turning machines.

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By Product Type

• Drum (Compost Turning Machine)
• Elevating Face (Compost Turning Machine)

By Output Capacity

• < 500 cubic meters per hour
• 500 – 1000 cubic meter per hour
• >1000 cubic meter per hour

By End Use

• Construction Industry (Compost Turning Machine)
• Agriculture Industry (Compost Turning Machine)
• Manufacturing Industry (Compost Turning Machine)

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia & Pacific
• China
• India
• Japan
• Middle East and Africa

Amongst all product types, the elevating face segment is estimated to be a noteworthy segment in the compost turning machine market. The Elevating face type compost turning machine is an emerging technology in the compost turning machine market as it introduces a huge amount of oxygen into the compost.

The elevating face segment is thus anticipated to grow at a high CAGR during the projected period as compared to its counterparts. However, in the current market scenario, both in terms of value and volume, the drum type compost turning machine is estimated to remain the dominant type in the compost turning machine market over the forecast period.

Competitive Landscape

Some of the players profiled in the global compost turning machine market report include Terex Corporation, Vermeer Corporation, Eaggersman AG, Scarab International, Midwest Bio-Systems, Inc., Brown Bear Corporation, EarthSaver Equipment Inc., Komptech Group, Frontier Industrial Corporation, Alliance Fertilizer Machinery, HCL Machine Works, and Blue Group among others. Manufacturers are likely to maintain the focus on product technology innovations for sustained market value shares in the compost turning machine landscape.

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According to the report, the global terephthalic aldehyde market is expected to witness -3.8% CAGR from 2018 to 2028. While the market currently values worth US$ 16,129,832.3, it has been projected to go down and reach US$ 4,342,866.7 by the end of 2028.

The leading companies functioning in the global terephthalic aldehyde market are Haihang Industry Co., Ltd., Wuhai Xinye Chemical Co., Ltd., Dalian Richfortune Chemicals Co. Ltd., Alfa Aesar, Hebei Xingyu Chemical Co., Ltd., and Tokyo Chemical Industry Co., Ltd.

Future Market Insights (FMI) has published a new report on terephthalic aldehyde, which has been titled, “Terephthalic Aldehyde Market: Global Industry Analysis 2013-2016 and Opportunity Assessment 2018-2028.”  According to the report, the global market for terephtahlic aldehyde is on the verge of downfall owing to the amount waste water being generated from the production of only one tonne of terephthalic aldehyde.

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It has been considered uneconomical by a handful of players in the market owing to its expensive nature as well as lack of proper infrastructure in order to treat colossal amount of waste water.

Moreover, owing to the government regulations across the globe, the production of terephthalic aldehyde has been halted by a majority of key companies in the global marketplace. The world is observing an insufficient supply of terephthalic aldehyde, principally caused by the enforcement of ‘Environmental Protection Tax Law’ in 2016 in China.

The policy required producers to install proper waste management facilities and levied heavy punishments and penalties on the companies, waning to comply with the mandated regulatory standards.

These regulations interrupted the production facilities of terephthalic aldehyde, resulting in to abridged productivity, creating a huge variation between demand and supply. This has led to high vulnerability in the global market, leaving the end users obligated to look for other alternate materials or production technology in order to meet the industry demand.

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The scope of application and use of terephthalic aldehyde has expanded over the years to various end-use industries. It is mainly used for the production of optical brighteners and photo-polymers. It is also an important intermediate in the synthesis of medicines, dyes and perfumes.

Though terephthalic aldehyde is a small volume product, it is projected to profit from macroeconomic industrial growth, predominantly in end-use sectors where it finds its niche applications. The macroeconomic factors are projected to underpin end-user industries, such as textile, personal care, paper and pulp, and pharmaceutical, which in turn would create the demand for terephthalic aldehyde.

Further, the uniqueness of terephthalic aldehyde in niche applications proves to be a vantage point. As per various industrial sources, the dearth of the alternatives in optical brightener application is the main factor driving its demand globally.

Market Taxonomy

The global terephthalic aldehyde market has been segmented into:

By Application

• Optical Brightener
• Polymers
• Pharmaceutical Intermediates
• Others

By Grade

• Pharma/Super Grade
• Technical Grade

Economically, terephthalic aldehyde is mainly manufactured by the chlorination and subsequent hydrolysis of p-xylene; the production process involves highly toxic chlorine gas for chlorination and requires a large volume of nitric acid during the oxidation process.

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Frequently Asked Questions

• How is the Terephthalic Aldehyde Market Growing?
• Which Region Holds the Highest Revenue Potential in the Terephthalic Aldehyde Market?
• What is the Future Scope of Growth for the Terephthalic Aldehyde Market?
• What is the Current Terephthalic Aldehyde Market Size?

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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Expected to reach the value of US$ 450 Mn by the end of forecast period (2022 – 2029), global pharmaceutical grade sodium chloride market will witness a strong CAGR. A new Future Market Insights (FMI) report analyzes that over the recent years there, has been a significant increase in demand for pharmaceutical grade sodium chloride owing to its application in the treatment of chronic kidney disease (CKD).

Hemodialysis is one of the applications, which significantly contributes to increasing demand for pharmaceutical grade sodium chloride. Multiple pharmaceutical applications such as saline drips, contact lenses solutions, and ORS solutions seek pharmaceutical grade sodium chloride as an important raw material for vital medical solutions such as aqueous isotonic injection of dextrose, solution for surgical recovery, and intravenous therapy solution.

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Key Takeaways – Pharmaceutical Grade Sodium Chloride Market Study

• In the medical sector, pharmaceutical grade sodium chloride consumption is dictated as per authoritative organizations, resulting in a number of manufacturers obtaining Good Manufacturing Practice (GMP), FDA and other certifications to adhere by the guidelines of safe manufacturing as well as utilizations.
• Applications of pharmaceutical grade sodium chloride continue to diversify in treating array of diseases such as gastrointestinal disorders, diabetes, and cancer of blood and kidney has been registered over the past decade, resulting in a nearly 40% increase in demand for pharmaceutical grade sodium chloride-containing medical solutions over the period of 2009-2019.
• Developed countries such as the U.K., the U.S., Germany, China, and others have been self-reliant on manufacturing medicines and solutions to treat chronic kidney diseases (CKD).

Low-income countries, majorly from the Middle East & Africa, are dependent on organizations such as WHO and UNICEF for supplements. To strengthen supply to these economies, UNICEF has openly extended support to governments to scale-up their ORS circulation by promoting quality co-packaged ORS and ensuring a secure and functioning program.

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Who is Winning Competition?

The market is heading towards consolidation as key manufacturers are opting for inorganic techniques; however, multiple potential manufacturers are coming up as response to increased demand in recent years. To establish presence globally, new players have to be leaders in the local market first.

Some key participants mentioned in the pharmaceutical grade sodium chloride market report are K+S Group, Akzo Nobel N.V., Dominion Salt Ltd, Morton Salt LLC, and Tianjin Changlu Haijing Group Co., Ltd., among others

Key players are constantly enhancing their manufacturing capabilities by expanding and enhancing existing processing facilities and products, along with investments in the research & development sector to expand their product portfolio and acquire relatively smaller players and increase production capacities.

Furthermore, players in emerging markets are focusing on rapid business expansions and increasing value-additions in their product offerings.

Pharmaceutical Grade Sodium Chloride Market By Category

By Type:

• API-NaCl
• HD-NaCl

By Application:

• Injections
• Hemodialysis
• Oral Rehydration Salts
• Osmotic Agents
• Others

A Sneak Peek into the Future Outlook of Market

There has been a significant growth in investments towards R&D in the Asia Pacific region from tier-2 and tier-3 players. The market is expected to remain highly consolidated and is expected to open new opportunities in the future.

Moreover, the growth of end users such as pharmaceutical, healthcare, and tablet & film coatings, among others is also expected to create favorable conditions for the growth of the global pharmaceutical grade sodium chloride market.

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Frequently Asked Questions

• What is the current size of the global market of Pharmaceutical Grade Sodium Chloride?
• What is the consumption outlook in the Market of Pharmaceutical Grade Sodium Chloride?
• Which end use segment is expected to contribute major growth share to the Pharmaceutical Grade Sodium Chloride Market in 2022?
• Who are the top players in the Pharmaceutical Grade Sodium Chloride market and what is their total share?
• What is the market outlook of Pharmaceutical Grade Sodium Chloride in China?

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 7-years.

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The demand for Polyferric Sulphate and Ferric Sulphate Market is expected to grow in the coming years owing to the industrial growth taking place worldwide and increase in water management regulations. This revelation is made by a new research report released by Future Market Insights.

The report titled ‘Ferric Sulphate and Polyferric Sulphate Market: Global Industry Analysis 2012–2021 and Opportunity Assessment 2022–2027’presents the complete market scenario of these iron based coagulants.

This comprehensive research study further highlights major factors impacting the growth of the ferric and polyferric sulphate market worldwide and also the most lucrative regional market. According to the key outcomes of this research on the ferric and polyferric sulphate market, the high rate of global industrialization is resulting in an increase in water contamination.

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With the increasing awareness in developing countries about water conservation and reuse, governments in these economies are enforcing stringent regulations for proper treatment of sludge. As a result, it has been made mandatory for industries to treat sludge before disposal. Ferric and polyferric sulphate works as a major water treatment chemical and growth in demand is expected to spur in the near future.

Municipal and Domestic to be Dominating End Use Sector

The Municipal & Domestic sector is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive market segment during the forecast period. This segment is expected to account for over 25% market share both in terms of value and volume during the forecast period.

This is a result of increasing efforts towards water conservation activities by industry bodies, municipal corporations and environmental associations. Various regulations have been formed by environmental agencies and government authorities, which aim to achieve water conservation and reduce water pollution.

Sludge treatment is an integral part of such activities. During the forecast period, new water and sludge treatment facilities are expected to come up across the globe, which is anticipated to drive the consumption of sludge treatment chemicals across respective regions.

With such trends prevailing in the world, the municipal and domestic sector is expected to reach a market value of over US$ 140 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.

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APEJ and Latin America to Closely Compete in Terms of Growth Rate

Due to the expansion of key players and the presence of a large number of companies in the Chinese market, APEJ is expected to be the most attractive regional market for ferric and polyferric sulphate during the forecast period. APEJ is expected to witness the largest market size of over US$ 160 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.

Other than APEJ, Latin America and Eastern Europe are also expected to be lucrative regions with Latin America CAGR by Value 4.5%. This growth can be attributed to the rising demand for clean water in Brazil, Mexico and other parts of Latin America.

Ferric sulphate and polyferric sulphateMarket by Category

By Product Type:

• Ferric Sulphate
• Poly Ferric Sulphate

By End Use:

• Municipal & Domestic
• Power Generation
• Oil & Gas
• Chemicals
• Mineral & Metallurgy
• Food & Beverages
• Pulp & Paper
• Others

Competitive Landscape

Some of the key players mentioned in the report are Pencco, Inc.,  Altivia Chemicals, LLC, Kemira Oyj, Chemifloc Limited, Hunan Yide Chemical Co.,Ltd., Lubon Industry Co.,Ltd., Chemtrade Logistics Inc.,, Clinty Chemicals, Henan Aierfuke Co. Ltd., BAUMINAS Group, Airedale Chemical etc.

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What was the Impact of COVID-19 Crisis on Global Market of Ferric sulphate and polyferric sulphate?

The unprecedented outbreak of the SARS-COV-2 virus in the year 2020 has significantly impacted the global economy as well as affecting the industrial sector. Decrease in demand from the consumers and low production rate of the manufacturing sector has resulted in lower demand for a product. All these have significantly impacted the supply chain network overall impacting the economic growth.

Low growth in the industrial sector of chemicals, oil & gas, paper and pulp, minerals & metallurgy and others have significantly impacted the business of iron sulphate compounds during the pandemic crisis. However, with the recovery of the economy and improving industrial sector have enhances the demand of sulphates of iron.

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 5-years.

Frequently Asked Questions

• What is the current size of the global business of ferric sulphate and polyferric sulphate?
• What is the consumption outlook of Ferric sulphate and polyferric sulphate in the Global market?
• Which product type is expected to witness a significant growth rate in the industry of ferric sulphate and polyferric sulphate?
• Who are the top players in the Global Market of Ferric sulphate and polyferric sulphate and what is their total share?
• What is the market outlook of ferric sulphate and polyferric sulphate of China?

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At the end of 2021, the market for industrial noise control Market demand was estimated to be worth $5,529.1 Mn USD. By 2028, the market is anticipated to grow at a 4.6 percent CAGR and reach a peak value of US $7,550.0 Mn. Manufacturers are concentrating on using new materials for industrial noise control solutions due to the continuously growing demand for noise control solutions.

The demand for affordable, high-quality products for industrial noise reduction is expected to increase, leading to an expansion of the industrial noise control market.

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Over 152 million units of industrial noise control systems were sold in 2021, totalling a market value worth US$ 4.8 billion. A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at 3.7% y-o-y in 2022. Key factors influencing the growth of industrial noise control market include,

• Growing awareness of harmful levels of industrial noise
• Increasing emphasis on the protection of workers and employees from noise pollution
• Stringent environment regulation related to industrial noise control
• Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2021

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Over 4 in 10 industrial noise control units sold in 2018 were made of polymer & composites.

Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.

Vibration Isolation Units Highly Sought-After

The FMI study finds that over 8 in 10 industrial noise control units sold in 2021 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.

FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2021 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales in 2018 and demand for rigid noise barriers is expected to grow at 4% in 2022.

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Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2021

The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. 7 in 10 industrial noise control units sold in 2021 were for internal application and the demand will continue to grow in the future.

Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at 3.9% y-o-y in 2022.

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2021. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.

China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2021.

While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

Global Industrial Noise Control Market by Category

By Material Type:

• Polymer & Composite
• Glass
• Metal
• Fabric

By Product Type:

• Flexible
  • Sound Curtains
  • Acoustic Foam
  • Acoustic Blankets
  • Sound Absorbers
• Rigid
  • Enclosures
  • Silencers
  • Ceiling Baffles
  • Test Chambers
  • Sound Proof Walls
  • Panels
  • Others
• Vibration Isolation
  • Isolation Pads
  • Isolations Mounts
  • Machinery Pads
  • Equipment Bases
  • Others

By Application:

• Internal Noise Control
• External Noise Control

By End Use:

• Manufacturing
  • Electrical & Electronics Equipment
  • Industrial Machinery
  • Automotive
  • Metal
  • Other Manufacturing
• Construction & Mining
• Healthcare

By Region:

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

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A new market research report by Future Market Insights (FMI) on the sulphur bentonite market forecasts a promising growth outlook for the market during the decade-old period of projection. Demand from China would account for nearly 50% of total market value towards the end of 2029.

Up from the global market value of US$ 188 Mn attained in 2021, sales of sulphur bentonite will observe promising growth during the forecast period, 2022 – 2029. The report opines that market growth will be primarily driven by rapid growth in demand for increased crop yield. Application will be promising in oilseeds, fruits and vegetables, cereals, pulses, crops, lawns, turf, and trees.

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Key Takeaways – Sulphur Bentonite Market

• Sulphur bentonite remains among the most intense sulphur carriers that helps in boosting crop yield and field productivity.
• Sulphur bentonite is widely used as a fertilizer for numerous crops, cereals, vegetables such as oil seeds, rice, corn, onion, and citrus fruits.
• Growing concerns regarding balanced plant nutrition and a significant increase in production and crop yield with the use of sulphur bentonite are projected to create traction in the market.
• Asia Pacific (APAC) will hold a significant value share in global sulphur bentonite market, owing to the large agricultural base in the region.
• China’s supremacy would further continue to solidify the position of APAC as an attractive market.

With cultivating land soils facing continued sulphur deficiency, it is likely that sulphur bentonite consumption will be on an upward trend through the foreseeable future. The progressing local and foreign investment scenario in agriculture will also fuel the growth of sulphur bentonite market.

Oilseeds to Remain Key Application Area

Based on the market analysis by application, oilseeds are projected to hold significant value share in global sulphur bentonite market. The use of sulphur bentonite as a fertilizer for oilseeds such as rapeseed, soybean, groundnuts, and sunflower will see significant growth over the forecast period.

This can be attributed to the increase in crop yield and oil content with the use of such fertilizers. However, the cereals, pulses, and crops segment is estimated to experience lucrative growth opportunities in the market.

The fruits and vegetables segment is estimated to grow at a high CAGR. The growing production of fruits and vegetables such as onion, garlic, ginger, and citrus fruits in the region is also projected to drive the market demand. Applications such as lawns, turfs, trees, and others are projected to remain niche application segments.

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Sulphur Bentonite Markey by Category

By Application:

• Oilseeds
• Cereals, Pulses, and Crops
• Fruits and Vegetables
• Lawn, Turfs, Trees and Others

Sulphur Bentonite Market – Key Vendor Insights

The report presents some of the key market players, who are known as leaders in the global sulphur bentonite market. Some of the prominent players operating in the global sulphur bentonite market are: –

Tiger-Sul Inc., National Fertilizer Limited, NEAIS, Coromandel International Limited, Sohar Sulphur L.L.C, Deepak Fertilizers and Petrochemicals, Coogee Chemicals Pty Ltd., H Sulphur Corp, Galaxy Sulfur, LLC, Montana Sulphur & Chemical Co., Zafaran Industrial Group Company, ABU DHABI FERTILIZER INDUSTRIES CO. W.L.L., and Devco Australia.

What was the Impact of COVID-19 Crisis on Sulphur Bentonite Market?

The impact of the COVID-19 pandemic on the chemical and materials industries was moderate. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on sales of sulphur bentonite. However, the pandemic led to a severe increase in demand for crops, vegetables, and other food-source plants.

This increase ensures that in order to maintain the high quality of food produced, the plant and crop sources are adequately supplied with the necessary nutrients. Hence, this saved the sulphur bentonite market from a greater drop.

As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects in the sulphur bentonite market. Increasing prospects of sulphur bentonite in oilseed applications are also expected to boost demand for the chemical in the forthcoming years.

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Frequently Asked Questions

• What is the current Sulphur Bentonite market value?
• At what rate did the Sulphur bentonite market grow between 2014 and 2021?
• What are the key trends driving Sulphur Bentonite sales?
• What will be the demand outlook for Sulphur Bentonite market in China?
• What will be Sulphur Bentonite’ market share in North America?
• What is the anticipated market share of US in the Global Sulphur Bentonite market?

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 7-years.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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