Amines Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2031

FMI states in its recent study on the amines-market that the market will record an impressive CAGR through 2031. Demand for amines is anticipated to continue surging particularly due to the increased industrial development.

The various market conditions that directly affect the market’s expansion are covered in the Amines Market study. An inventive, passionate, competent, and experienced team of analysts, researchers, industry experts, and forecasters carefully worked on the report’s framework. The research involves the SWOT analysis, PESTLE analysis, predictive analysis, real-time analysis, revenue share, market size, the competitive market scenario, market opportunities, and major strategies like partnership, cooperation, mergers, and acquisitions that have been implemented by key competitors to strengthen their presence in the global market.

“introduction of new and innovative products, solutions and technologies for end-use industries, is the key strategy adopted by market players. Besides this, some of the leading companies are planning to the expansion of their production capacities...” says the FMI analyst.

Amines Market – Important Highlights

  • Aromatic amines are expected to remain a dominant commodity form due to their use in the manufacture of MDI and polyurethane.
  • According to the end-use industry, MDI is expected to remain dominant due to its use in the manufacture of polyurethane.
  • The paint and coating industry is anticipated to show high market demand for amines.
  • During the forecast era, the FMI expected East Asia to remain one of the most profitable markets.

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Amines Market – Drivers

  • Amines are increasingly used in the paint and coating industry as an additive or preservative to protect paints and coatings from spoilage for a prolonged period and are driving the growth of the market.
  • Significant growth in the manufacturing sector has been observed over the last few years and the trend is expected to remain the same over the projected period which is boosting the market growth.
  • The demand from the pharmaceuticals industry across several countries is anticipated to increase the market demand for amines.
  • Favorable government policies and investments will generate the growth of the market.

Amines Market – Restraints

  • The volatility of raw material prices is anticipated to hamper the growth of the market.
  • Strict government restrictions are also expected to reduce the growth of the global amines industry over the projected period.

COVID-19 Impact on Amines Market

The amines market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. Border closures, quarantines, and the supply chain of the market and trade disruptions, especially in countries hard hit by the virus was noticed all around the world. this has led to reduced demand from several industries which hindered the growth of the amines market. However, the industry is likely to experience a turnaround as the economies of several nations start stabilizing.

Competitive Landscape

The amines market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. However, it is important to note that some of the leading players are planning to raise the cost of their goods. For eg, Evonik Industries AG increased the price of fatty amines, derivatives, in 2017.

Some of the leading companies operating in the market are BASF SE. Evonik Industries AG, Lonza, Akzo Nobel N.V, Arkema Group, Celanese Corporation, Clariant, Daicel Corporation, Dow Chemical Company

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Amines Market by category

Product Type

  • Aromatic Amines
  • Fatty Amines
  • Specialty Amines
  • Aliphatic Amines
  • Amine Derivatives
  • QAC

End Use

  • MDI
  • Pharmaceuticals
  • Agrochemicals
  • Paints, Coatings, Dyes & Inks
  • Plastic, Polymer & Rubber
  • Water Treatment
  • Cosmetics & Personal care Industrial & Home care
  • Others

Region

  • East Asia
  • Europe
  • North America
  • South Asia Pacific
  • Latin America

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Pricing Mechanism

4.3. Product persification

4.4. Sales and Distribution Strategies

5. Global Amines Market Demand Analysis 2016-2020 and Forecast, 2021-2031

To be continued…!

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.

Contact Us:

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T: +1-845-579-5705
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Polysulfide Market Outlook, Current and Future Industry Landscape Analysis 2031

FMI states in its recent study on the polysulfide that the market will record a CAGR of 5% between 2021-2031. Demand for polysulfide is anticipated to continue surging due to strong domestic demand for chemicals and petroleum-related products.

Growth in the coming years is expected to be driven by rising Polysulfide consumption in downstream markets, especially in building & construction, rubber processing and other specialty polymers. Automotive and aerospace are other chief end-use verticals that are expected to imbibe a healthy rate of polysulfide as structural components.

However, industrial processing is likely to account for lion’s share of the market. Recovery of industrial processing post COVID-19 crisis will enable the market gain momentum. FMI has predicted the industry to remain dominant through the forecast period, accounting for above 30% of the market in 2021.

Market players in polysulfide are focusing their investments on the launch of new products and the diversification of their product portfolios for accommodating a wide range of applications.” says the FMI analyst.

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Polysulfide Market – Important Highlights

  • According to product type, The Thiokol (liquid polysulfide elastomer) is anticipated to acquire the lion’s share in the market, due to its excellent product characteristics.
  • The automotive and transportation segment is likely to remain the prominent end-users of the polysulfide market during 2021-2031.
  • China is projected to remain as one of the most lucrative markets during the forecast period due to increasing infrastructural activities.
  • Germany to emerge as one of the leading market holders due to its highly advanced automotive sector.

Polysulfide Market – Drivers

  • The demand for insulating materials in the building & construction industry one of the key drivers of the polysulfide market.
  • An increase in demand for the automotive industry will drive the growth of the market further.
  • Favorable growth is anticipated due to its vast usage across the shipbuilding industry across the world.

Polysulfide Market – Restraints

  • High manufacturing and sourcing costs are likely to remain a key constraint for the market.
  • Growing environmental concerns regarding the harmful emissions of volatile organic compounds (VOCs) from sulfur compounds are anticipated to dampen the development prospects of the global demand for polysulfides.

COVID-19 Impact on Polysulfide Market

The polysulfide market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. Many nations imposed nationwide lockdown to curb the deadly virus, which caused disruptions in supply chain materials, shortage of human resources, therefore, affecting the whole of the industry, however, the market is likely to set on a path of regaining as various nation’s economies started to stabilize.

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Competitive Landscape

Some of the key players are focused on developing a market for particular demographics. .The polysulfide market players are leaning towards the acquisition and geographic expansion besides opting for strategic collaborations to attain a competitive edge. For example, GCP Applied Technologies Inc. declared its acquisition of R.I.W Limited, a prominent supplier for waterproofing products in 2018. Some of the leading companies operating in the market that are profiled by FMI are Nouryon, Toray Fine Chemicals., JSC Kazan Synthetic Rubber Plant, Flamemaster Corporation, Akzo Nobel N.V., Ineos Group, Chevron Phillips Chemicals.

About the Study

The study offers readers a comprehensive assessment of the polysulfide market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Thiokols, Solid Polysulfide Elastomers), Application(Automotive & Transportation, Industrial Processing & Application, Building & Construction, Protective Coatings, Specialty Chemicals, and others) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Key Segments

Product Type

  • Thiokols
  • Solid Polysulfide Elastomers

End Use

  • Automotive & Transportation
  • Industrial Processing & Application
  • Building & Construction
  • Protective Coatings
  • Specialty Chemicals
  • others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/polysulfide-market
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Diketene Market is surpassing Value of US$ 624.4 Mn by the end of 2032

As per FMI, the global diketene market is expected to dominated by East Asia Region and is predicted to continue during the forecast period. Diketene market in East Asia is projected to top US$ 205.6 Mn by 2032.

Diketene Market Base Year Value (2021A) US$ 380.5 Mn
Diketene Market Estimated Year Value (2022E) US$ 396.2 Mn
Diketene Market Projected Year Value (2032F) US$ 624.4 Mn
Diketene Market Value CAGR (2022-2032) 4.7%
Collective Value Share: Top 3 Countries In Asia (2022E) 45%

The global diketene market is projected to expand at a steady 4.7% CAGR during the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Diketene is primarily used in the manufacturing of a wide range of agrochemicals, pharmaceuticals & nutraceuticals drugs, pigments & dyes, and others.

Growing use and demand for diketene in the agrochemical industry is a major factor propelling the demand in the market. The demand for agrochemicals for intensive crop care is rising around the world.

Furthermore, expansion of pharmaceutical industry is increasing the adoption of diketene, boosting the market. In the pharmaceutical industry, diketene is used to make a variety of chemotherapeutic and antimicrobial products.

Diketene is also used in quantitative and qualitative drug analysis, and is used in the pharmaceutical industry. Hence, key players are expanding their global reach by building new manufacturing plants to boost production capacity while also strengthening their distribution networks.

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To meet growing customer demand, the companies are also focusing on product development by investing in research and development to develop advanced and innovative technologies, solutions, and materials.

“Over the assessment period, sales of diketene are expected to be driven by the expansion of agrochemicals & pharma industry across the globe followed by surging application in pigments & dyes and others.” says an FMI analyst.

Key Takeaways:

  • Based on derivatives, the diketene esters segment is projected to hold approximately 74% of the total market share in 2022.
  • In terms of application, the agrochemicals segment is anticipated to grow at 4.1% CAGR through 2032.
  • East Asia will emerge as an attractive diketene market and is expected to create an incremental $ opportunity of US$ 76.8 Mn in the forecast period.
  • Pharma & nutraceutical segment is expected to reach about US$ 7 Mn by end of the forecast period.

Competitive Landscape         

Key market participants of the diketene marketinclude Eastman Chemical Company, Daicel Corporation, Ltd, Laxmi Organics Industries Limited., Mitsuboshi Chemical Co. Ltd, Jiangsu Tiancheng Biochemical Products Co. Ltd, Ningbo Wanglong Technology Co., Nantong Acetic Acid Chemical Co., Ltd., and others.

Key diketene market participants are investing in high-growth regions such as East Asia and South Asia Pacific to expand their customer base. The market for diketene is highly concentrated, with only a few market players dominating the market.

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Diketene Market by Category

By Derivative:

  • Diketene Esters
  • Arylamide
  • Alkylamide
  • Dihydroacetic Acid (DHS) & Salt
  • Others

By Application:

  • Agrochemicals
  • Pharmaceuticals & Nutraceuticals
  • Pigments & Dyes
  • Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Diketene Market Demand Analysis 2017-2021 and Forecast, 2022-2032

To be continued…!

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/diketene-market
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 sales@futuremarketinsights.com
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Global Fiber Laser Market Will Grow At 11.1% CAGR By end of 2031, Says FMI

The demand for fibre lasers will increase in the coming years due to rapid industrialization and rising consumer electronics demand. According to a recent report by FMI, the market share for fibre lasers will increase at a CAGR of 11.1% between 2021 and 2031. Because they enable the production of electronic goods with incredibly high dimensional accuracy, fibre lasers are an essential part of laser marking systems.

In the market for fibre lasers, automation is anticipated to replace conventional machine marking techniques like chemical etching and ink-based printing. Due to their simplicity of use and diminutive size as a result of digitization, they are suitable for high-power applications.

In the following ten years, these factors are anticipated to fuel fibre laser sales. Increasing demand for high process speed for welding thicker sheets of highly thermally conductive metals, as well as increasing efforts to improve overall efficiency and flexibility of fiber laser, will drive market growth in the coming years.

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By 2021, it is anticipated that the fibre laser market will have grown and will be worth more than US$ 3.1 billion. The market’s value will increase between 2021 and 2031 at a compound annual growth rate (CAGR) of 11.1%. Global sales are expected to rise 10.7 % in 2021, following a period of sluggish growth in 2020. FMI presents a positive market growth outlook, with shipments reaching nearly 115,000 units.

For the past few years, fiber laser technology has advanced by leaps and bounds in terms of spectral coverage, output power, and ultra-short pulse width. Because of rapid technological advancement, the scope of fibre laser applications has expanded to include healthcare, defence, and military applications.

Key Takeaways from FMI’s Fiber laser Market Study

  • North America fiber laser market is forecast to grow at 10.9% CAGR through 2031, backed by rising industrialization and increasing production of consumer electronics in the country.
  • Increasing production of electric vehicles and presence of leading semiconductor wafer manufacturing companies will support European laser fiber market to grow at 10.2% CAGR over the forecast period.
  • China is expected to offer lucrative growth opportunities owing to favorable government policies to boost the manufacturing industry and increasing demand for fiber laser marking system in e-commerce sector in the country.
  • South Korea and Japan account for 10% of global fiber laser market share in 2021. Growing emphasis towards miniaturization of electronic components is the key growth driver in these countries.
  • IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Lumnetum Operations, LLC, Wuhan Raycus Fiber Laser Technologies Co., Ltd. and Fujikura Ltd. are the top five market players and they collectively account for 90% of global market share in 2021.

“Quasi continuous wave fiber laser will remain highly sought-after owing to its ability to generate high peak power and high reliability, while welding dissimilar metals and metals with high thermal conductivity,” says the FMI analyst.

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The key growth drivers are increased research and development activities aimed at designing high beam quality, environmentally friendly, and low cost fibre lasers. Increasing government initiatives to promote green manufacturing, as well as the implementation of Industry 4.0, will have a positive impact on market growth over the assessment period. Rising adoption of novel materials, as well as growing concern among material manufacturers about the environmental impact of their products across a wide range of end users, is driving manufacturers to use fibre lasers for cutting and marking applications, driving market growth.

Incorporation of fiber lasers with 3D printing for effective material deposition will further boost the market growth. Market players are focusing on developing energy efficient processes to minimize material consumption and lower the operational cost of fiber lasers. Fiber laser welding are used in manufacturing of low cost and highly reliable batteries for electric vehicles. These factors will aggrandize the market growth over the decade.

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Competitive Analysis:

In order to expand their global reach, leading market players are focusing towards diversifying the product portfolio by introducing new products into the market. They are actively collaborating with existing players to gain maximum market share. For instance, Furukawa launched new industrial fiber laser in July 2021. The new laser has high beam quality, time stability and high efficiency.

FMI also predicts that the IPG Photonics Corporation hold around 50% of global market share, TRUMPF GmbH Co. KG holds 17% of global market share, Lumnetum Operations LLC AG holds 8%, Wuhan Raycus Fiber Laser Technologies Co. Ltd holds 9%, and Fujikura Ltd holds 4% of global market share in 2021.

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Middle East and Africa Bio-Stimulants Market anticipated to witness a considerable CAGR of 7.9% during the period of 2022 and 2030

The Middle East and Africa Bio-Stimulants Market is anticipated to record an impressive CAGR of 7.8% during the forecast period, 2020-2030. The requirement for organic products and techniques is increasing in the MEA as nations in the region focus on enhancing agricultural yield. Consumers nowadays are gradually aware about several negative effects of utilizing chemically synthesized fertilizers and pesticides. This has been ensued in growing sales of organic stimulants.

Bio-Stimulants Market Value (2021A) US$ 73,132.5 Th
Bio-Stimulants Market Estimates (2022E) US$ 78,563.9 Th
Bio-Stimulants Market Projections (2030F) US$ 144,596.0 Th
Value CAGR (2022-2030) 7.9%
Collective Value Share: Top 3 Countries (2022E) 69.5%

The demand for organic products and methods is rising in the Middle East and Africa (MEA) as countries within the region focus on improving agricultural yield. This is in turn is driving the Middle East and Africa bio-stimulants market, finds Future Market Insights (FMI) in a new study. Customers nowadays are increasingly aware about various negative effects of using chemically synthesized pesticides and fertilizers. This has been resulting in surging sales of organic stimulants.

The Bio-stimulants market will record surging demand for bio-stimulants mainly due to the promising initiatives implemented by governments. These campaigns are frequently aimed at boosting the implementation of bio-stimulants to counter the influence of diminishing arable land, growing population, and scarcity of water in the region.” says an FMI analyst.

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Key Highlights

  • Turkey will be foreseeing skyrocketing growth due to the increased dedication of the Turkish government for the growth of agriculture.
  • The foliar category is anticipated to foresee a rise in sales over the projected period.
  • The acid-based category is likely to remain dominant across the anticipated period.
  • Fruits and vegetable crops segment will remain lucrative in the global market.

Drivers

  • Surging demand for sustainable agricultural practices is spurring the market growth.
  • A drop in the accessibility of arable land as well as escalating population are projected to generate lucrative prospects for market players functioning in the market.
  • Unfavorable climate conditions prevailing in majority of the regions of MEA has been favoring the expansion of the biostimulant in the region.

Restraints

  • Lack of awareness amid farmers regarding the effectiveness and benefits of bio-stimulants might limit the growth.
  • Several nations lack regulations concerning the commercialization of products, leading to a lower adoption of new products and is constraining market expansion.

Impact of COVID-19 on the Market

The COVID-19 outbreak triggered disruptions in various industries including the MEA bio-stimulants market. Lockdown implementation in several nations triggered a slowdown in manufacturing. With growing awareness in relation to safety and health, individuals are now inclined towards the usage of organic products. This boosted demand for sustainable and ecofriendly agricultural products, and assist in gaining the pre-crisis sales in the bio-stimulants market.

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Competitive Landscape

Market players are engaged in emerging bio-stimulants with enhanced safety and efficiency to boost their application. Players are further collaborating with several companies to generate better forms of biostimulants.

Prominent players in the MEA market are Platform Specialty Product Corp., Bayer CropScience, Biostadt India Ltd, Sapec Group, Koppert Biological Systems, Valagro S.p.A., Lallemand, Syngenta AG, Marrone Bio Innovations, Novozymes A/S, AlgaEnergy, Biochimica, Italpollina, BASF SE, UPL and Isagro.

Bio-Stimulants Market by Category

By Crop Type, the Bio-Stimulants Market is segmented as:

  • Row Crops
  • Fruits & Vegetables
  • Turfs & Ornamentals
  • Other Crop Types

By Active Ingredients, the market of Bio-Stimulants is segmented as:

  • Acid-Based
  • Extract-Based
  • Others (Including Microbial Amendment, Trace Minerals, etc.)

By Application, the Bio-Stimulants Market is segmented as:

  • Foliar
  • Soil
  • Seed

By Region, the market of Bio-Stimulants is segmented as:

  • Egypt
  • Algeria
  • Morocco
  • Tunisia
  • Ghana
  • Nigeria
  • Senegal
  • South Africa
  • GCC Countries
  • Turkey
  • Libya

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 9-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/middle-east-and-africa-bio-stimulants-market
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Hydrazine Hydrate Market expanding at a CAGR of 4.9% by the end of 2030

Hydrazine Hydrate Market Value is US$424 Mn in 2020, likely to surge at a vigorous 4.9% CAGR during the assessment period 2020 – 2030. According to a new report by Future Market Insights (FMI), hydrazine hydrate market surpassed US$ 426 million in revenues in 2021, and is projected to grow at a steady 4.9% CAGR through 2030. The latest study takes into account the impact of COVID-19 on hydrazine hydrate market.

Hydrazine Hydrate Market Value (2021A) US$ 444.3 Mn
Hydrazine Hydrate Market Estimation (2022E) US$ 465.8 Mn
Hydrazine Hydrate Market Projection (2030F) US$ 683.1 Mn
Value CAGR (2022-2030) 4.9%
Collective Value Share: Top 3 Countries (2022E) 55.0%

According to the study, demand for hydrazine has witnessed a notable slump in 2022 owing to the ongoing covid-19 outbreak. Restrictions on manufacturing, automotive, and polyester industries, coupled with disruptions to raw material supply chains has limited growth of the industry for the short term.

As per the report, innovations in polymerization and agriculture chemicals, and new, cost-effective production methods, will support the market in the long term.

Despite the upwards trajectory of the hydrazine hydrate market between 2022 and 2030, environmental and health concerns associated with the carcinogenic and toxic nature of hydrazine hydrate, and the resultant strict regulations on handling, storage, and use of the material is expected to limit the growth of the sector.

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The study by FMI encompasses a wide-ranging overview of the market, with data on key dynamics of the hydrazine hydrate industry. Some of the prominent takeaways include:

  • The hydrazine hydrate market size was estimated at over 426 Mn in 2021, at over 157 thousand tons with growth diminishing moderately for the duration of the coronavirus outbreak, owing to lockdown restrictions and reduced demand for polymer foams and agrochemicals.
  • At over 60 thousand tons of hydrazine hydrate used in 2021, the polymerization and blowing agent application segment is expected to account for more than 37% of the market share over the forecast period.
  • Water treatment and pharmaceutical applications of hydrazine hydrate are unlikely to be affected by the covid-19 pandemic, reflecting over 4.5% CAGR during the crisis period.
  • With a production volume of over 66 thousand tons in 2021, East Asia will remain a leading market for hydrazine hydrate, supported by the presence of production facilities by international market leaders in China and Japan, and high volumes of production and exports. Also, South Asia and Pacific is expected to reflect relatively strong growth on the back of agrochemical demand from agrarian economies in the region.

Covid-19 Impact on Hydrazine Hydrate Market

The coronavirus pandemic has moderately affected the hydrazine hydrate market, with the demand for polymers and blowing agents slumping on a global scale. Also, restrictions on international trade and lockdown regulations on the operations of the chemicals industry is projected to limit short term demand in the market.

Further, foam manufacturers are being forced to shut down or limit production processes, for non-essential applications. However, demand for hydrazine hydrate in the pharmaceutical and water treatment segments are unlikely to be affected by the coronavirus crisis. Applications as pharma intermediates, and demand for potable water will help to partially mitigate any losses arising during this time.

These factors, compounded by a decrease in consumer spending has shrunken market size, made investors hesitant, and has hurt the average growth rate. However, the market is likely to reflect gradual recovery towards 2021, with relaxation of lockdown restrictions.

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Who is winning?

In its latest report, Future Market Insights have provided an in-depth overview of the business strategies that have been observed in the hydrazine hydrate market. Major market players in the industry have largely invested their resources into research and development endeavors for the development of optimized production technologies. Strategic acquisitions and capacity expansions are gaining prominence in the hydrazine hydrate sector.

Hunan Zhuzhou Chemical Industry Group Co Ltd., Otsuka-MGC Chemical Company Inc., Tangshan Chenhong Industrial Co. Ltd., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co. Inc., Yibin Tianyuan Group Co. Ltd., LANXESS, and Japan FineChem Company are some of the more prominent players in the hydrazine hydrate market.

Hydrazine Hydrate Market By Category

By Application :

  • Water Treatment
  • Pharmaceutical Industries
  • Agrochemical Industries
  • Polymer and Blowing Agent
  • Others

By Region :

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

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 9-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/hydrazine-hydrate-market
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Bridge Expansion Joints Market to Display Impressive Growth of 5.5% with Rising Demand | FMI

In 2021, the market for bridge expansion joints is anticipated to be worth $990,8 million USD. During the forecast period of 2021 to 2031, the market is anticipated to post a CAGR of 5.5%.

Growing population, rising number of vehicles and increasing spending on infrastructural activities across both developed and developing countries are some of the factors driving bridge expansion joints market.

Technological advancements have led to the development of flexible, cost-effective, long-lasting, waterproof and noise reduction bridge expansion joints which can accommodate movements in all directions, of overhead structures with minimum load transmission to decks or slabs.

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Global Bridge Expansion Joints Market Dynamics

Increasing investments for infrastructural development across the globe will act as a catalyst for the overall growth of the bridge expansion joints market during the forecast period. Moreover, increasing construction activities in developing regions, such as SEA & pacific, are estimated to fuel the growth of the bridge expansion joints market over the forecast period.

On the flip side, one of the key challenges faced by the manufacturers of bridge expansion joints is that the upper layer of steel expansion joints corrodes when exposed to salts or de-icing salts. This is anticipated to be the primary factor hampering the growth of the bridge expansion joints market over the forecast period. Moreover, bridge expansion joints require high logistics cost due to their heaviness, which is another factor anticipated to act as a restraining factor for the growth of the bridge expansion joints market in near future.

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Global Bridge Expansion Joints Market Forecast

Market insights suggests that the overall size of the global bridge expansion joints market will expand over the forecast period. Several positive changes are expected to fuel the growth of the global bridge expansion joints market.

By region, China is projected to dominate the global bridge expansion joints market over the forecast period. China, followed by Western Europe, is estimated to remain the most opportunistic region in the bridge expansion joints market. In terms of value, China is projected to create incremental $ opportunity worth US$ 130.9 Mn in the global bridge expansion joints market during the forecast period. Middle East & Africa (MEA), followed by Latin America, are projected to grow at a significant CAGR over the forecast period in the global bridge expansion joints market.

By type, the closed type expansion joints segment is projected to dominate with a value of US$ 371.9 Mn in 2021. However, the open joints segment is projected to account for more than 40% share in the global bridge expansion joints market during the forecast period. In terms of growth, open type bridge expansion joint segment is projected to grow with modest growth rate during the latter half of the forecast period.

By application, the roadway bridges segment is projected to dominate the global bridge expansion joints market. In terms of volume, the demand from roadway bridges segment is projected to be pegged at 12,604 ‘000 meters by the end of 2031. In terms of value, the railway bridges segment is projected to create incremental $ opportunity worth US$ 118.8 Mn in the global bridge expansion joints market over the forecast period. Under the application segment, the roadway bridges sub-segment is expected to grow with remarkable growth rate in the global bridge expansion joints market owing to increasing roadway network in developing regions.

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 Competitive Landscape

Some of the key players involved in the manufacturing of bridge expansion joints and included in this study are Trelleborg AB, Canam Group Inc., Ekspan Ltd., Freyssinet Limited, Granor Rubber & Engineering Pty. Limited, Gumba GmbH & Co. KG, KantaFlex (India) Private Limited, Mageba SA, Metal Engineering & Treatment Co. Pvt. Ltd., ZaoqiangDacheng Rubber Co., Ltd., RJ Watson, Inc., TensacciaiS.r.l., Maurer SE and Watson Bowman Acme Corp.

Process Liquid Analyzer Industry to Achieve A High CAGR Of 5.9% During 2022-2028 | FMI

The global process liquid analyzer market is estimated to be worth around US$ 3.0 Bn in 2022. With rising adoption of process liquid analyzer across various industries such as oil & petrochemicals, water & wastewater treatment, and food & beverages, the overall demand is anticipated to rise at a moderate CAGR of 5.9% between 2022 and 2028, totaling a valuation of over US$ 4.22 Bn by 2028.

This indicates a decadal growth rate of 5.9% from 2022 to 2028 from an estimated value of just under US$ 2.4 Bn in 2018.

Petroleum refineries will need to modernise their blending and operational procedures, technologies, and infrastructure in order to comply with these mandates. This scenario is anticipated to create a favourable path for revenue growth of the global process liquid analyser market.

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With an increasing focus on sustainability and the green revolution, coupled with concerns pertaining to the use of fossil fuels, governments across the world are teaming up with global industry bodies to prescribe regulations to reduce the harmful effects of refined petroleum fuels.

Rapid industrialization has led to widespread urbanisation, which has increased the demand for clean, potable water and wastewater treatment. To meet the growing population’s demands, the governments of emerging economies, particularly those in the Asia Pacific, are increasing infrastructure investments in water and wastewater treatment. As a direct result of these investments, Future Market Insights forecasts a lucrative opportunity for new revenue generation in the process liquid analyser market.

Increasing Demand for Process Liquid Analysers to be Witnessed from Key End-use Industries in the Coming Years

Process liquid analysers are widely used across industries such as food and beverages, healthcare and pharmaceuticals, chemicals, water and wastewater treatment, oil and petrochemicals, automotive, paper and pulp, and power generation. Consistent growth of end-use industries has led to a rising need for providing high quality output while adhering to the stringent governmental norms ruling various industrial processes.

An increasing demand for critical industrial components such as process liquid analysers can be observed in the wake of industrial advancements that call for enhanced operational efficiency and reduction in costs as well as industrial waste. According to FMI analysis, water and wastewater treatment is the largest end-use sector in the global process liquid analyser market, both in terms of revenue and demand generation.

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Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent.

Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.

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FMI Projections and Forecasts of the Process Liquid Analyser Market

  • The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
  • Process liquid analysers deploying NIR technology are slated to have the widest application
  • TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
  • Process liquid analysers with digital displays to hold largest market share in the coming decade
  • Demand from the water and wastewater treatment sector will witness fastest growth during the period 2022 – 2028; this is also the largest revenue generating end-use sector in the global market
  • North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers.

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Process Liquid Analyzer Market by Category

By Technology:

  • NIR Based
  • NMR Based
  • ECD Sensor Based
  • Laser Based

By Liquid Medium:

  • Water
  • Oil
  • Other Chemicals & Liquids

By Product:

  • pH & ORP (Oxidation-Reduction Potential) Analyzers
  • Conductivity Analyzers
  • MLSS (Mixed Liquor Suspended Solids) & Turbidity Analyzers
  • Liquid Density Analyzers
  • Chlorine Analyzers
  • Dissolved Oxygen Analyzers
  • Total Sulfur & Nitrogen Analyzers
  • Oil in Water Analyzers
  • TOC Analyzers
  • Heavy Aromatics Analyzers

By Display:

  • Analog
  • Digital

By End Use:

  • Oil & Petrochemicals
  • Water & Wastewater Treatment
  • Food & Beverages
  • Chemicals
  • Medical & Pharmaceutical
  • Others

By Region:

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

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Machine Tool Touch Probe Market Is Anticipated To Witness A Considerable Value CAGR Of 3.5% From 2022 And 2028

The global machine tool touch probe market to grow with a year on year growth of 3.6% in 2022 reaching a value of about US$ 615.1 Mn by 2022 end. Machine tool touch probe is significantly used for fast, precise and automatic tool setting and workpiece measurement in grinding, turning and milling.

Due to rising demand from end-use applications, FMI has determined that North America will continue to be a major market for machine tool touch probes over the forecast period. Machine tool touch probe industry growth in the region is predicted to be 3.8%. Global machine tool touch probe market is expected to account for about 1.3% of global machine tool market.

Furthermore, by the end of the forecast period, the machine tool touch probe market is expected to generate a total incremental $ opportunity worth US$ 218.0 Mn.

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Global Machine Tool Touch Probe Market Dynamics

Machine tool touch probes can operate in conditions in which humans cannot sustain themselves or in conditions in which humans cannot operate optimally, such as when accuracy is the primary factor. Due to this reason, machine tool touch probes have been in high demand in the manufacturing industry in the global market.

Manual measurement of work pieces is being replaced by machine tool touch probes as they reduce any chances of inaccuracy and also increase the potential for accurate workflows. This particular factor will accelerate the growth of the machine tool touch probe industry over the forecast period. Moreover, human personnel can work for only a number of limited hours whereas machines and their components are capable of working continuously.

Growth in research and development activities by prominent market participants is estimated to create several growth opportunities for the machine tool touch probe market in the coming future. Increasing demand and competition will encourage manufacturers to invest on research and development. This is expected to further create opportunities for the augmentation of the machine tool touch probes market in the coming years.

However, lack of skilled professionals for operation and maintenance of machine tool touch probes may hamper the growth of the machine tool touch probe market over the forecast period. Moreover, the initial cost associated with the machine tool touch probes is on the higher side. This may be one of the prime reasons which may derail the growth of the machine tool touch probes market over the forecast period.

Global Machine Tool Touch Probe Market Forecast

The global machine tool touch probe market is consolidated by nature. There are only a few key market participants which occupy a significant share in the market. These players are expected to play a pivotal role in the growth of the machine tool touch probe market over the forecast period. By transmission type, infrared segment is expected to hold a significant share in the machine tool touch probe market over the coming years.

Moreover, infrared segment along with the radio segment is expected to occupy more than 85% share in the global market. By machine type, CNC machining center segment is expected to create overall incremental $ opportunity of US$ 756.2 Mn between 2022 and 2028. By end use, automotive, defense & aerospace and medical segment is expected to dominate the market. The medical and automotive segment are expected to collectively account for 33.9% of the market share by the end of 2022, which is expected to grow to 35.1% of the overall market by the end of forecast period. By region, Western Europe is expected to grow at a significant rate, at a CAGR of 3.5% over the forecast period.

Global Machine Tool Touch Probe Market Competitive Landscape

Some of the key market participants reported in this study on the global machine tool touch probe market are Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Tormach, Inc., METROL Co., Ltd., Marposs S.p.A., P-Tech Industries Pvt. Ltd., Centroid Corporation, J & M Precision Products Inc., Micro-Vu., Quality Vision International, Inc., Mahr GmbH, Magnescale Co. Ltd., Carl Zeiss AG.

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Table of Content

  1. Executive Summary

1.1 Market Overview

1.2 Market Analysis

1.3 FMI Analysis and Recommendations

1.4 Wheel of Fortune

  1. Market Introduction

2.1 Market Taxonomy

2.2 Market Definition

2.3 Parent Market Overview

  1. Market Background

3.1 Porter’s Analysis

3.2 Macro-Economic Factors

Full TOC Continued…

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Hydrogen Electrolyzer Market to grow at a rate of 24.2% by 2032 | Get Customized Reports

The global hydrogen electrolyzer market stood at US$ 350.6 Mn in 2021. Sales are forecast to grow at a CAGR of 24.2% over the forecast period, pushing the market size to US$ 3.7 Bn by 2032.

The creation of new technologies that will reduce the operational costs of hydrogen electrolyzers is expected to stimulate the market. As the negative effects of carbon emissions are better understood, there will be more opportunities for market expansion.

In the next ten years, there will be a rise in the demand for hydrogen electrolyzers as a result of an increase in on-site hydrogen production and the use of renewable energy sources. The growing demand for carbon-free steel in a number of industries, including the automotive industry, is also anticipated to open up new growth opportunities for the steel manufacturing sector.

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Increasing initiatives taken by several automotive manufacturers to reduce carbon emission from vehicles is another vital factor that would propel sales of hydrogen electrolyzers in future. Surging development of green energy worldwide is also expected to drive the market.

Key Takeaways: Hydrogen Electrolyzer Market

  • By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 2% during the forecast period.
  • By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3rd of the share.
  • By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 5 Mn in 2032.
  • In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 1%.

“Increasing demand for hydrogen fuel due to rising investments in novel programs for reducing carbon emissions globally is set to create new growth opportunities for companies in the hydrogen electrolyzers market,” says a FMI analyst.

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Competitive Landscape: Hydrogen Electrolyzer Market

Some of the key players present in the global hydrogen electrolyzer market include Siemens AG, Nel Hydrogen, McPhy Energy, ITM Power Plc, Tianjin Mainland Hydrogen Equipment Co. Ltd, Gaztransport & Technigaz, Giner Inc., GreenHydrogen Systems, iGas Energy GmbH, Beijing CEI Technology Co., Ltd., Next Hydrogen, Air Liquide, Ballard Power Systems, Enapter , Plug Power Inc., Bloom Energy, Pure Energy Centre, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Idroenergy, Erredue SpA, and SwissHydrogen SA among others.

Manufacturers are strategically collaborating with technology companies for co-developing new products and gaining a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

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About Industrial Automation Division at Future Market Insights

The industrial automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

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