Market Research Blog – Page 1024 – New Product Development

Lauric Acid Market Size Projected to Reach USD 683.9 Million by 2032, Driven by Rising Demand in Textile and Personal Care Industries

The global lauric acid industry share was worth USD 165.1 Million in the year 2022 and is expected to reach USD 683.9 Million at a CAGR of 13.4% between 2022 and 2032.

Lauric acid comes across as a saturated fatty acid that occurs in several vegetable fats like coconut oil and palm kernel. It’s a white, powdery solid smelling like bay oil or soap. It generally falls in the category of medium-chain fatty acids and is inclusive of a 12-carbon atom chain. Lauric acid, in comparison with fatty acids that are commonly available, is cost-effective and makes way for a longer shelf life as far as end-products are concerned.

Skincare and hair care products are being increasingly used these days in the wake of rising awareness regarding the same. On top of that, the US FDA has listed this product under the GRAS (Generally Regarded as Safe) tag for personal care and cosmetics applications. Furthermore, higher demand for shower gels, shampoos, facial cleansers, and body washes is there to boost the demand for lauric acid. Along these lines, Wipro Consumer Care and Lighting, in July 2021, came up with a novel series of shower gels. The brands include Yardley, Santoor, Hygienix, and Aramusk.

At the same time, the fact that various home remedies are being adopted including curd, Indian soapberry, egg yolk, and Indian gooseberry for cleansing the hair. These factors are expected to restrain the lauric acid market in the near future.

Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Lauric Acid Market’. It has a team of analysts and consultants for executing through a bottom-up approach in its primary, secondary, and tertiary modes of research throughout.

“With demand for organic personal care products on the rise, the global lauric acid market is expected to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from the Lauric Acid Market

North America holds the largest market share with an ever-increasing demand for detergents and soaps all across Canada and the US. Plus, there is a growing awareness amongst consumers with regard to hygiene. Automatic washing machines are there to add to the demand.
Europe and the Asia-Pacific are at the matured stage of the lauric acid market and the scenario is expected to remain unchanged even going forward. Japan, Thailand, China, and South Korea lead from the front, especially regarding the infusion of lauric acid in shampoos.

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Competitive Analysis

Godrej Industries Ltd. is known for producing lauric acid that has small white free-flowing flakes/prills.
Wilmar International has its lauric acid termed as ‘WILFARIN LA – 1299 derived from Palm Kernel Oil and Palm Oil. As per the requirements of customers, they are made available as purer fatty acids or broad cuts by fractional or simple distillation.
Cosmos & Harmony, in June 2022, announced plans to enter the market of the US by tabling its premium natural personal care products.

Some of the renowned companies present in the global lauric acid market include

Kao Corporation
Bakrie Group
KLK OLEO
Permata Hijau
Acme-Hardesty
Emery Oleochemicals
IOI Oleo GmbH
Godrej Industries
AAK AB
Cailà & Parés
PT. Cisadane Raya
Wilmar International Ltd.
VVF LLC
Musim Mas Holdings Pte. Ltd.
Timur OleoChemicals
Oleon
Pacific Oleochemicals

What does the Report say?

The research study is based on purity (low purity (<70%), medium purity (70-85%), high purity (85-98%), and ultra-high purity (98-99%)), by application (emulsifier, additive, chemical intermediate, lubricant, and surfactant), and by end-use (plastics & polymers, food & beverage, textiles, cosmetics & personal care, soaps & detergents, and pharmaceuticals).
With the growing popularity of lauric acid in skin care, the global lauric acid market is bound to grow on a good note in the forecast period.

Key Segments Profiled in the Lauric Acid Industry Survey

By Purity:

Low Purity (<70%)
Medium Purity (70-85%)
High Purity (85-98%)
Ultra High Purity (98-99%)

By Application:

Emulsifier
Additive
Chemical Intermediate
Lubricant
Surfactant

By End Use:

Plastics & Polymers
Food & Beverage
Textiles
Cosmetics & Personal Care
Soaps & Detergents
Pharmaceuticals

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Removable Wallpaper Market Set to Grow at 3.5% CAGR, Projecting Revenue Surge to USD 2.43 Billion by 2032

The global removable wallpaper industry size is predicted to create stagnant growth for the market by exhibiting a CAGR of 3.5% throughout the forecast period from 2022 to 2032. The global market holds an estimated revenue of USD 1.78 Billion in 2022 and is likely to cross USD 2.43 Billion by the end of 2032. The growing demand for removable wallpaper is attributed to easy removal; no need for steam requires steam. The sales of removable wallpaper also increase as these wallpapers are reusable.

Demand for removable wallpaper increases as renters prefer it over any other wallpaper as it matches their taste and holds the colored wall without damaging the original paint, not leaving any residue on the surface. Its use as a base enhances the quality of the paper-coated adhesive, pushing the global sales of removable wallpaper.

Key Takeaways in the Removable Wallpaper Market

The surging demand for soundproof transportation in trains is anticipated to drive the removable wallpaper market positively. The automotive industry has been witnessing maximum pace over the last decade owing to the penetration of globalization in the world, pushing the sales of removable wallpaper.
The ever-growing automotive industry is projected to propel the demand for removable wallpaper throughout the assessment period from 2022 to 2032.
The removable wallpaper comprises a widened range of applications within household activities. The growing concern towards household hygiene is expected to bolster the demand for removable wallpaper and increase the removable wallpaper market size.
High prices paired with the inability to be remodeled, reshaped, or recycled, which makes Removable wallpaper difficult to discard, are the restraining factors for the Removable wallpaper market that hampers the market growth, increasing the demand for removable wallpaper.

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Competitive Landscape in the Removable Wallpaper Market

The dominant players in the removable wallpaper market are concentrating on variety, sizes, designs, and quality, fueling the sales of removable wallpaper. Several key market players have introduced new self-adhesive removable wallpapers with new designs and sizes for interiors and exteriors, pushing the sales for removable wallpaper.

Numerous other dominant market players are launching their latest removable wallpapers for the residential, design industry, and commercial platforms. This will push the sales of removable wallpapers globally in the forecast period.

Key companies profiled

Blik Inc
Casart Coverings
Chasing Paper
EasyWallz
Graham & Brown
Propitious Jackson
Spoonflower Inc
Tempaper Designs
The McCall Pattern Company Inc (Wallcandy Arts)
The Sherwin-Williams Company
Wallpops
Walls By Me
Walls Need Love LLC
Wallternatives
Williams Sonoma Inc

More Insights into the Removable Wallpaper Market

On the basis of the regional front, Asia Pacific is considered the dominant market for removable wallpaper. The demand for removable wallpaper is generated majorly from developing economies like India and China. These markets are expected to bolster the growth owing to its robust construction activity in both the residential as well as commercial sectors.

The demand for removable wallpaper is further anticipated to induce lucrative growth over the projection period by the fact that most of the population that has settled in this country is floating, fueling the sales of removable wallpaper.

North American region is projected to be the second most dominant market for removable wallpaper products due to the increasing number of hotels in the region to cater to the hospitality needs emanating on account of the flourishing inbound as well as outbound tourism.

The Middle East is yet another region that is anticipated to showcase phenomenal growth prospects over the forecast period in the global removable wallpaper market attributed to the increased commercial and construction activity in the region.

The emergence of increasing demand for soundproof transportation in trains is predicted to fuel growth in the removable wallpaper market over the assessment period. Maximum acceleration has been witnessed by the automotive industry over the recent years attributed to the penetration of globalization in the world, pushing the sales of removable wallpaper.

The bolstering automotive industry is projected to generate impressive revenue for the removable wallpaper market over the projection period. In addition to that, the removable wallpaper comprises a large, variety of applications in household activities. Furthermore, the surging concern regarding household hygiene is expected to bolster the demand for removable wallpaper and increase the removable wallpaper market size.

Removable Wallpaper Market Key Segments

By Type:

Polyethylene Removable Wallpaper (PE)
Poly-Vinyl Chloride (PVC) Removable Wallpaper

By End User:

Residential Buildings
Commercial Buildings
Hospitals

By Region:

North America
Latin America
Asia Pacific
Europe
Middle East and Africa

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Rising Demand for Dimethyldichlorosilane: Key Insights on Market Growth and Future Prospects

The global dimethyldichlorosilane industry size is expected to grow at a robust CAGR of 8.5% from 2022 to 2032. The target market will accrue a revenue of USD 2.48 billion by 2032, as opposed to USD 1.19 billion in 2022. This growth can be attributed to escalating demand for silicon that can work as a suitable sealant for aircraft and electronic motors. The increasing popularity of green tires will further augment the sales of dimethyldichlorosilane in the global market during the forecast period.

The growing construction activity has a positive impact on the dimethyldichlorosilane market. The added requirement of an attractive corporate building with an immense volume of glass also spurs the demand for dimethyldichlorosilane. This is because the glass receives a coating of dimethyldichlorosilane to prevent it from absorbing micro-particles. Further, glass is a popular material across a variety of industries including automobiles, construction and buildings, souvenirs, and many others. This huge requirement for glass will result in lucrative opportunities for the dimethyldichlorosilane market.

The prevailing sustainability drives and environmental consciousness will also contribute to the growth of the dimethyldichlorosilane market. Increasing automobile pollution and rapidly draining fossil fuel reserves are inducing manufacturers in the automobile sector to produce green tires. Since dimethyldichlorosilane is the primary raw material used in the production of green tires, the market for the same will witness high sales prospects during 2022 and 2032. Dimethyldichlorosilane also finds application as a sealant for electric motors and aircraft engines. All of these considerations, thus, drive the growth of the dimethyldichlorosilane market during the forecast period.

Key Takeaways in Dimethyldichlorosilane Market:

High costs of raw materials, fluctuating exchange rates, and environmental concerns may stymie the growth of the dimethyldichlorosilane market.
Driven by high demand from Indian and Chinese markets, the dimethyldichlorosilane market in the Asia Pacific will dominate the international space.
The expanding construction sector in China will propel the dimethyldichlorosilane market growth in the country.
Europe’s dimethyldichlorosilane market will register substantial growth due to the strong presence of key automobile manufacturers.
By application, silicone sealants and paints and coatings categories will witness steady growth during the assessment period.

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Competitive Landscape in the Dimethyldichlorosilane Market

Some of the significant players in the dimethyldichlorosilane market are

Sigma-Aldrich Inc.
Gelest Inc
Dow Corning
Evonik Industries
Wacker Chemie AG
SynQuest Labs Inc
Hoshine Silicon Industry Co. Ltd.
DeWolf Chemical
Silar

Leading market players are concentrating on the quality of additives, price range, and variety of products. These enterprises also employ different organic and inorganic growth strategies to gain a competitive edge.

More Insights into the Dimethyldichlorosilane Market

In its latest report, FMI offers an unbiased analysis of the global dimethyldichlorosilane market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of grade (up to 98% purity, 99% purity), application (silicone rubber, silicone sealants, paints & coatings, printing ink and toners, cable compounds and gels, adhesives), and region.

According to the reports, based on segmentation, the silicone sealants as well as the paints and coatings segments will generate great demand for the market. Based on region, the dimethyldichlorosilane market in Asia Pacific will exhibit impressive growth. The target market in this region will dominate the international space. Primarily driven by rising demand from the Indian and Chinese markets, the dimethyldichlorosilane market in Asia Pacific is also shaped by the expanding construction industry and the migration of many conglomerates from the West to Asian countries due to cheap labor costs. Besides Asia Pacific, Europe will also display impressive growth in the dimethyldichlorosilane market. Thus, Asia Pacific and Europe will contribute to the global growth of the dimethyldichlorosilane market during the projection period.

Key Segments

By Grade:

Upto 98% Purity
99% Purity

By Application:

Silicone Rubber
Silicone Sealants
Paints & Coatings
Printing Inks & Toners
Cable Compounds & Gels
Adhesives

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

About Future Market Insights (FMI)

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Rising Demand for Eco-Friendly Tire Cord Fabrics: Insights into Market Trends and Future Valuation

Several key factors drive the tire cord fabric industry. The industry is projected to be worth USD 8,073.9 million in 2023 and is set to surpass USD 16,031.7 million by 2033. The demand for tire cord fabric is likely to rise at a CAGR of 7.1% between 2023 and 2033.

Demand Analysis in the Tire Cord Fabric

The increasing global demand for vehicles, particularly in emerging markets, fuels the need for tire production, boosting the demand for tire cord fabric. Stringent safety regulations and consumer preferences for durable and high-performance tires push manufacturers to invest in advanced materials like tire cord fabric. Additionally, the rise of electric vehicles (EVs) has led to a growing requirement for specialized tire cord fabric to meet the unique demands of EV tires, driving innovation in the industry.

Tire Cord Fabric Market Challenges

Despite its growth prospects, the tire cord fabric industry faces several challenges. One notable restraint is the volatility of raw material prices, particularly nylon and polyester, which are primary components of tire cord fabric. Price fluctuations can impact manufacturers’ profit margins and necessitate effective cost management strategies. Stringent environmental regulations represent another challenge, as compliance can increase production costs. Additionally, the industry must compete with low-cost manufacturing hubs, requiring established players to differentiate themselves through quality and innovation to maintain market dominance.

Opportunities for Growth and Innovation

The tire cord fabric industry offers promising opportunities for growth and innovation. Specialized materials designed for electric vehicle tires represent a burgeoning market segment. As the EV market continues to expand, there is a growing demand for tire cord fabric that can meet the unique requirements of EV tires, such as reduced rolling resistance and improved durability. Furthermore, sustainability-focused initiatives allow industry players to embrace eco-friendly manufacturing processes and materials, catering to environmentally conscious consumers.

Notable Trends

The tire cord fabric industry is witnessing several notable trends. There is a strong emphasis on sustainability, with manufacturers increasingly adopting eco-friendly production practices and materials. This aligns with the broader shift toward environmental responsibility. The industry embraces innovative materials like lightweight and high-performance fabrics to meet evolving market demands. Additionally, the trend toward electric vehicles drives the development of specialized tire cord fabrics optimized for EV tire requirements, including reduced rolling resistance and enhanced durability.

“With the rising demand for high-speed, precision, and durability in vehicles, there’s a growing need for specialized tire cord fabrics. Manufacturers can invest in research and development to create cutting-edge materials that meet these performance demands. Production of lightweight, heat-resistant, and high-strength fabrics tailored for specific tire applications can be game-changers,” Says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Key Takeaways from the Tire Cord Fabric Market

Radial tires dominate the market with a substantial 41.20% share in 2023, driven by their efficiency, safety, and performance.
Passenger cars capture a 36.70% market share in 2023, closely linked to urbanization trends.
India stands out with an 8.6% value share, driven by expanding demographics, cost-effective manufacturing, and sustainability.
The United States maintains a 3.8% value share with a focus on tire replacement culture and tire technology innovation.
Japan holds a 4.3% value share, emphasizing precision, quality, and niche markets.
China dominates with an 8.2% value share due to tire manufacturing scale, international reach, and technological advancements.
Germany maintains a 2.9% value share with a reputation for precision, innovation, and sustainability.
The United Kingdom secures a 3.3% value share and is known for strict quality standards, global outreach, and robust infrastructure.

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Competition Outlook for the Tire Cord Fabric Market

The tire cord fabric market boasts a competitive landscape where key players employ various strategies to secure their positions. Leading companies such as Bridgestone Corporation, Hyosung Corporation, Kordsa Global, and SRF Limited are at the forefront of innovation. They invest heavily in research and development to create novel tire cord fabric materials and production techniques, aiming to gain a competitive edge in terms of product quality and performance.

Companies are forming strategic alliances and collaborations to strengthen their market position. These partnerships may involve technology sharing, joint ventures, or mergers and acquisitions to leverage each other’s strengths and expand their market reach. Key players are investing in automated inspection systems and quality control measures to reduce defects and enhance the overall quality of tire cord fabric products. This not only satisfies customer demands for reliability but also reduces operational costs.

Recent Developments in the Tire Cord Fabric Market

Firestone Fibers & Textile Company to launch new tire cord fabric made from sustainable materials. The new fabric will be made from recycled polyester and cotton.
Cordenka GmbH & Co. KG to develop new tire cord fabric for truck and bus tires. The new fabric will be designed to withstand the heavy loads and demanding conditions of commercial vehicles.
Kordarna Plus A.S. to expand its tire cord fabric production capacity in Turkey. The company plans to invest $50 million in the expansion, which is expected to be completed by 2024.
Teijin Ltd. to develop new tire cord fabric with improved durability. The new fabric will be made from a high-strength polyester fiber that is resistant to wear and tear.
Tokusen USA, Inc. to launch new tire cord fabric for all-terrain tires. The new fabric will be designed to provide superior traction and durability on various surfaces.

Key Segments

By Material Type:

Polyester
Nylon
Polyamide
Aramid
Rayon
Others

By Application:

Radial Tires
Bias Tires
High-performance Tires

By End Use:

Passenger cars
SUVs
MUVs
Light commercial vehicles
Heavy commercial vehicles
Military vehicles
Mining vehicles
Aircrafts
Motorbikes
Bicycles
Agricultural Vehicles
Other Vehicles

By Sales Channel:

OEM
Aftermarket

By Region:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Honing Oil Market Forecast: Expanding Manufacturing Sector and Rising Demand for Precision Solutions to Drive Robust CAGR by 2032

Honing oils, as the name suggests, help in reducing the honing time, safeguarding the honing equipment, and increasing productivity. The rapidly industrializing economies are inclusive of India, China, Brazil, South Korea, Australia, and likewise.

The global honing oil industry is expected to witness steadiness in the forecast period.

Honing oil comes across as a liquid that finds its way through the process of grinding and cutting metal; which is typically carried out with the help of stones or abrasive tools. The oil does assist in the improvement of operational precision by eliminating debris. Additionally, it renders protection against abrasive parts in the machines. The viscosity levels are varied. Also, there are numerous compositions. These facilitate diverse types to fill the bill regarding specific requirements. Maintenance of machines is inevitable as far as worldwide industrial setup is concerned.

In the automotive vertical, honing oil is majorly used to re-condition engine bores and cylindrical heads. It needs to be noted that the growing demand for oil and lubricants is likely to take the entire honing oil market by storm in the upcoming period. Rapid urbanization is also all set to catalyze the honing oil market with an increase in the frequency of transportation activities.

The government of India had announced the launching of the ‘Samarth Udyog Bharat 4.0’ initiative to promote adopting new-fangled production as well as process automation technologies for expanding the manufacturing vertical by the year 2025.

At the same time, non-uniformity regarding stern regulations by the governing bodies in place, and the sales of honing oils are expected to witness a topsy-turvy situation in the near future. Also, frequent contact with toxic chemicals like chlorine, fluorine, and sulfur could prove to be fatal. These factors are bound to restrain the honing oil market going forward.

Future Market Insights has etched these findings with future perspectives in its latest market study entitled ‘Honing Oil Market’ with its indigenous team of analysts and consultants being present to execute through macros as well as micros.

“With market getting competitive with new entrants looking to make it big, the global honing oil market is bound to grow on a ferocious note in the forecast period”, says an analyst from honing oil market.

Key Takeaways from Honing Oil Market

The Asia-Pacific dominates the oil market and the scenario is expected to remain the same even going forward. This could be attributed to the noteworthy rise in production as well as sales of vehicles like commercial vehicles, passenger cars, and motorcycles. This is evident from the data released by the India Brand Equity Foundation. It says that the year 2021 witnessed sales of 21.5 Mn passenger vehicles all over India.
Coming to Europe, with the manufacturing industry moving towards its new ‘high’, the honing oil market is expected to reach higher in the forecast period. The key participants are also aiming at tabling new products to capitalize on the ever-increasing demand. Along these lines, Sunnen Products Company, in the year 2020, announced the introduction of a novel SHO-965 honing oil with low odor, low-VOC formulation.
North America is expected to go steady with respect to honing the oil market in the near future.

Competitive Landscape

Nathan’s Honing Oil, which comes across as one of the exclusively formulated lubricants, is meant for usage with Lansky Sharpeners as well as Natural Arkansas benchstones.
Sunbelt Lubricants have their two types of honing oils – HoneRay 4030 and HoneRay 4040. The former one is a light-to-moderate duty ferrous metal lubricant to address industrial honing applications on cylinders, blades, and likewise; whereas the latter one is a dark sulfurized, heavy duty ferrous metal lubricant addressing the same set of applications.

What does the Report hone?

The research study is based on source of origin (petroleum based (mineral oils), non-petroleum based, water-based, and vegetable oil), by application (drilling, grinding, tapping & reaming, drawing, cutting, threading, and other machining), and by end-use industry (general manufacturing, automotive, defense and aerospace, electronic & electrical, ship building, medical & healthcare, and likewise).
With rising demand for re-conditioning of machines, the global honing oil market is likely to substantiate in the upcoming period.

Key Segments Profiled in the Honing Oil Market Survey

By Source of Origin:

Petroleum Based (mineral oils)
Non-Petroleum Based
Water Based
Vegetable Oil

By Application:

Drilling
Grinding
Tapping & Reaming
Drawing
Cutting
Threading
Other Machining

By End Use Industry:

General Manufacturing
Automotive
Defense and Aerospace
Electronic & Electrical
Ship Building
Medical & Health Care
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Gadolinium Market Size Set to Reach USD 9,672.1 million by 2034, Driven by Rising Demand for MRI Technology

Revenues are expected to reach USD 9,672.1 million by 2034. The gadolinium industry size stands at USD 5,883.8 million in 2024. Demand is set to rise at a 5.2% CAGR until 2034.

The key growth drivers of the gadolinium market globally include technical advancements leading to increasing demand, rising demand from the healthcare industry, and increased use of color televisions. Additionally, expanding uses for gadolinium and developing economies like China, India, and others would open up new opportunities for the gadolinium market.

Superior metallurgic characteristics and high efficiency have been the major factors driving growth for the gadolinium market. A small amount of gadolinium improves the temperature resistance and efficiency of metals such as iron. Gadolinium has been gaining acceptance in medical equipment and nuclear applications. Therefore, the growing demand for nuclear energy and medical equipment has been a major driver for the industry. The price of gadolinium has been increasing over the years which have been a major factor restraining market growth. Research and development activities to increase the application scope of gadolinium are expected to offer huge growth opportunities in the market.

Increasing demand for nuclear energy mainly in the Asian countries of China and Japan is expected to drive the demand for gadolinium in the region. With the increasing threat of the energy crisis several developing economies have increased their investments in the nuclear energy segment. Emerging geographical segments such as India, Pakistan and other developing economies in the Asia Pacific region is expected to offer greater growth opportunities in the region. The increasing shift of demand towards renewable sources of energy mainly in the developed economies of North America and Europe is anticipated to slow the market growth in the region.

Competitive Landscape

Major industry participants in the gadolinium market include

Goodfellow Corpration
GFS Chemicals, Inc.
All-Chemie, Ltd
Pascal Technologies, Inc.
Fredericksburg
VA Alfa Chemical Corpation
Molycorp
Super Conductor Materials, Inc.
Inorganic Ventures
Molycorp Corporation

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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Key Segments Profiled in the Gadolinium Industry Survey

Type:

Gadolinium Acetate
Gadolinium Acetylacetonate
Gadolinium Oxide
Gadolinium Nitrate
Gadolinium Chloride
Others

Application:

Electronics
Medical Equipment
Imaging Agents
Nuclear Reactors
Others

Region:

North America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Latin America
Middle East & Africa

About Future Market Insights (FMI)

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Rising Construction Demand Fuels Fiber Cement Board Market Growth: Projected Revenue Hits USD 16,890.0 million by 2033

The global fiber cement board market value is likely to jump from USD 10,980.6 million in 2023 to USD 16,890 million by 2033. This estimated growth is expected to be driven by a steady CAGR of 4.4% in the global fiber cement board market over the next decade.

Increasing demand for high-performing fiber cement board building solutions in the construction industry is fueling the market growth. Their adoption is also driven by their ability to reduce construction costs, as they are easy to transport and require minimal effort by labor.

Sales of fiber cement boards are predicted to flourish in developing economies as investment in the construction of housing projects surges. Emerging new projects including single- and multi-family housing are enhancing the scope of construction materials.

In India, the residential construction sector is expected to be supported by the Pradhan Mantri Awas Yojana-Urban (PMAY-U) “Housing for All” Mission that is predicted to continue till 31^st December 2024.

The increasing concern of the Indian government to complete big infrastructure projects prior to the 2024 elections is also a key motivator of infrastructure construction in the country. Thus, creating significant opportunities for fiber cement board producers.

Development of the commercial sector that incorporates hospitality buildings, outdoor leisure facilities, retail buildings, office buildings, and other commercial buildings is another factor that is increasing prospects for the product. Apart from offices and other projects, the expansion of the tourism business is also expected to bring new avenues for construction.

“Soaring investments in housing and infrastructural projects, especially in developing countries, are creating multiple opportunities for the producers of construction materials like fiber cement board. With these emerging opportunities, key players are focusing on enhancing their product portfolio by taking into account the valuable insights from their customers. This strategy is predicted to give them leverage over their competitors,” says an FMI analyst.

Key Takeaways from the Fiber Cement Board Market Report:

In 2022, the fiber cement board market attained a value of US$ 10,520 million.
Based on end use, the commercial segment is expected to obtain a 32.10% market share in 2023.
Portland cement is predicted to acquire a market value of 78.10% in 2023.
China and India are assessed to expand at significant CAGRs of 5.1% and 5.3% through 2033.
Japan is predicted to exhibit a growth rate of 2.7% CAGR over the forecast period.
Germany and the United Kingdom are predicted to register CAGRs of 1.8% and 2%, respectively.
The United States market is projected to record a CAGR of 2.3% through 2033.

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Key Players in the Fiber Cement Board Market

James Hardie Industries PLC
Etex Group NV
Cembrit
Mahaphant Fibre Cement Co., Ltd.
Elementia
S.A.B de C.V.
Everest Industries
Saint-Gobain
Hume Cemboard Industries
Nichiha Corporation
Soben board Everest

Key Segments

By Raw Material:

Portland cement
Silica

By Application:

Commercial Buildings
Residential Buildings

By End Use:

Residential
Commercial
Industrial

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Antimony Market Set to Reach USD 2.9 Billion by 2032: Trends and Insights on Growth Factors

The global antimony industry is predicted to reach a value of USD 2.9 billion in 2032 as opposed to an estimated USD 2 billion in 2022. The market is slated to expand at an average CAGR of 4% from 2022 to 2032. Historically, the market was valued at USD 1.7 billion in 2021 at the end of the observation period of 2015 to 2020.

Heightened demand for antimony in the production of flame retardants and lead acid batteries during the forecast period will facilitate the growth of the antimony market. Since flame retardants have gained extensive usage across multiple industrial verticals, the prospects for the antimony market are bright over the upcoming years.

Antimony can be found in both metallic and non-metallic forms. While the metallic form is a bright silvery material that is brittle, the non-metallic antimony form is a grey powder. Antimony acts as a stable element in dry air- inert to acids and alkalis. It expands when cooled and is an inefficient conductor of heat and electricity. These attributes make antimony a preferred choice for flame retardant production which, in turn, supplements the market growth.

Lead acid batteries also generate a high demand for antimony. Since lead-acid batteries find expansive applications in different sectors including marine, electric electronics, and automotive, it also augments the sales of antimony in the upcoming years. An upsurge in demand for electric vehicles will spur the demand for antimony while consumer goods, automobiles, and textile industries will also create growth opportunities for the antimony market. Consequently, macroeconomic factors like GDP growth and the increasing purchasing power of consumers are also accountable for the growth of the antimony market.

However, the market for antimony is not without its share of challenges during this period of observation. Health issues like respiratory problems, skin conditions, lung cancer, and other medical conditions can result from antimony exposure. Many environmental hazards are also associated with antimony. These aspects can significantly slow down the market growth between 2022 and 2032.

Key Takeaways in Antimony Market:

Implementation of stringent regulatory measures regarding the use of antimony will limit the growth of the market during the assessment period.
Asia Pacific’s antimony market will dominate the global marketplace due to intense demand in China.
Demand for antimony’s fire-resistant properties will propel the market forward in Europe.
High demand for fire retardants in the plastic industry along with other sectors will account for the steady growth of the antimony market during the forecast period.

Competitive Landscape in the Antimony Market

Some of the prominent players in the antimony market are profiled in the full version of the report

Shanghai Metal Corporation
Qingdao Glory International Trading Co.
Campine NV
Yiyang Huachang Antimony Industry Co., Ltd
Korea Zinc Co., Ltd
BASF SE
US Antimony

Leading market players are focusing on the adoption of innovative and sustainable production processes. These enterprises also employ various organic and inorganic business strategies to enhance their market position.

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More Insights into the Antimony Market

FMI offers the latest, unbiased, and detailed analysis of the global antimony market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (antimony trioxide, antimony pentoxide, antimony alloys, antimony metal ingots, other antimony products), application (flame retardants, lead-acid batteries, plastic additives, stabilizers, catalysts, glass and ceramics, others), end-use (chemical, automotive, electrical and electronics, other end-use industries), and region.

According to the FMI reports, based on segmentation, the flame retardant application will likely dominate the overall market space owing to antimony’s flame-resistant properties. In terms of end-use industries, the chemical and automotive sectors will generate high demand for the market. Based on region, the antimony market in the Asia Pacific region will exhibit considerable growth. The target market in this region will dominate the global marketplace. This is mainly due to the immense demand for antimony in China. The country controls over 80% of global antimony production. In addition, the high GDP growth of Asia Pacific will also aid the market growth. Europe, too, will contribute to the global growth of the antimony market during the projection period.

Key Segments Profiled in the Antimony Industry Survey

Product Type:

Antimony Trioxide
Antimony Pentoxide
Antimony Alloys
Antimony Metal Ingots
Other Antimony Product Types

Application:

Antimony Flame Retardants
Antimony Lead-Acid Batteries
Antimony Plastic Additives
Antimony Stabilizers
Antimony Catalysts
Antimony Glass and Ceramics
Antimony Others

End-Use Industry:

Chemical Industry
Automotive Industry
Electrical and Electronics Industry
Other End-Use Industries

Region:

North America
Latin America
Europe
APEJ
Japan
Middle East & Africa

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Revolutionizing the Textile Industry: How Fixing Agents Are Driving Growth in Dyeing and Printing Applications

The global fixing agent industry size was worth USD 2.97 Billion in the year 2021 and is expected to reach USD 5.24 Billion by the year 2032 at a CAGR of 5.3% between 2022 and 2032.

The overall application areas of fixing agents include dyestuff business, polymer vertical, food and beverages vertical, chemicals, and likewise. Cationic dye-fixing agent tends to have higher molecular weight. It’s used to fix cellulose dyed/printed with direct and reactive. Textile chemicals are also being increasingly used in home furnishings in the construction industry. With a growing inclination toward high-class clothes, the global fixing agent market is likely to grow on a remarkable note in the near future.

Fixing agents is in huge demand as it’s amongst the key components in the printing and dyeing industries; as it helps in the improvement of dye color fastness. Both – liquid and solid forms (anionic and cationic) of fixing agents are preferred as per convenience. Textile verticals have faced revolutionary alterations of late; with textile patterns changing due to technical enhancements and altering fashion trends. This factor is expected to catalyze the fixing agent market going forward.

At the same time, the fact that dye fixing agents have poor wash fastness properties could not be ignored. This could be a restraining factor to the fixing agent market going forward. Plus, higher fragmentation lowers the power of bargaining of suppliers.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Fixing Agent Market’. The team of analysts and consultants is there to execute through its 360-degree approach in its primary, secondary, and tertiary modes of research.

“With drastic change in textile printing pattern as an outcome of altering fashion trends coupled with technical breakthroughs, the global fixing agent market is bound to grow voraciously in the upcoming period”, says an analyst from Future Market Insights.

Key Takeaways from Fixing Agent Market

The Asia-Pacific holds the largest market share with Japan, China, and India leading from the front.
Europe and North America are expected to go steady with respect to the fixing agent market in the near future.
MEA would also grow at a rapid pace with textile industry improvements, and refinery repairs being ushered herein.

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Competitive Agents in the Fixing Agent Market

HT Fine Chemical Co., Ltd., in the year 2019, came up with a new-fangled product called ‘Dye Fixing Agent’ to meet the ever-increasing demand in dyeing and printing verticals.
Viswaat Chemicals Ltd. has its VICAFIX HCNF and VICAFIX HCNF50 – the former is a non-formaldehyde dye fixing agent for direct and reactive dyes and the latter exists in concentrated form.
Avocet has its Cetafix AFA liquid/powder and Cetafix R liquid/powder. They are formaldehyde-free fixing agents meant to improve the wet fastness of the cotton fibers dyed with the direct dyes, and printed or dyed with the reactive dyes. The first one is anionic and the second one is cationic.
DyStar, in February 2018, collaborated with RotaSpray to develop an indigo spray dyeing procedure to facilitate mass production that lets denim producers minimize the environmental impact.

Fixing Agent Market Key segments

By Product Form:

Solid
Liquid

By Product Type:

Cationic Fixing Agent
Cetylpyridinium Chloride
Cetylpyridinium Bromide
Polyamine Contraction
Cross-linking Fixing Agent
Anionic Fixing Agent
Zinc Salt
Acetic Acid
Acetone
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

What does the Report fix?

The research study is based on product form (solid and liquid), by product type (cationic fixing agent, cetylpyridinium chloride, cetylpyridinium bromide, polyamine contraction, cross-linking fixing agent, anionic fixing agent, zinc salt, acetic acid, acetone, and likewise).
With stiffness, effective resistance against moisture, flame, and comparatively higher crease, the global fixing agent market is meant to grow explicitly in the years to come.