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Point Of Care Blood Testing Devices Market to grow at a rate of 11.3% by 2022 – 2032 | Get Customized Reports

By 2032, the point of care blood testing Devices market is anticipated to be worth US$ 49,973.6 million, up from US$ 15,362.4 million in 2022, growing at a CAGR of 11.3%.

Point of care or POC blood testing devices are easy handheld devices which are used to perform various blood tests. Point of care blood testing devices are used to obtain diagnostics test such as protein test, blood metabolites test, hormone blood test, INR or prothrombin test (PT), haemoglobin test and also used to test glucose level in blood. Point of care blood testing devices also referred by many different names such as remote testing device, near-patient testing device and rapid diagnostics devices.

Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Point Of Care Blood Testing Devices Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Point Of Care Blood Testing Devices Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Point Of Care Blood Testing Devices Market.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: F. Hoffmann-La Roche Ltd., Getein Biotech, Inc., Abbott Diagnostics Inc., Callegari Srl, Goldsite Diagnostics Inc, TaiDoc Technology Corporation, Alere Inc, MED TRUST and Others

Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Global point of care blood testing devices market, by Product type-

Diabete POC Analyzer
Coaglulation POC Analyzer
POC Blood Analyzer
Hematology POC Reader

Global point of care devices market is segmented, by technology-

Printer Devices
Touch-Screen Devices
Hand-held Devices

Global point of care devices is segmented, by Distribution Channel –

Retail Prices
Hospitals
Clinics
Health Centers
Homecare Settings

Product Segmentation

The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavours to assess the current and future development possibilities, undiscovered roads, factors that shapes their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

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By Regional Analysis Covered

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

Full in-depth analysis of the parent market

The analysts at FMI are dedicated to provide insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Segmentation details of the market

Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets

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Queries Solved

What is the size of the overall Point Of Care Blood Testing Devices Market in the Healthcare Industry and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Point Of Care Blood Testing Devices Market in the Healthcare Industry, and how they are expected to impact the market?
What are the attractive investment opportunities within the Point Of Care Blood Testing Devices Market in the Healthcare Industry?
What is the Point Of Care Blood Testing Devices Market in the Healthcare Industry size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Point Of Care Blood Testing Devices Market in the Healthcare Industry?
What are the recent trends in Point Of Care Blood Testing Devices Market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Point Of Care Blood Testing Devices Market in the growth of the Healthcare Industry?
What are the key market trends impacting the growth of the Point Of Care Blood Testing Devices Market in the Healthcare Industry?

Table of Content

Executive Summary
Market Overview
Key Success Factors
Global Point Of Care Blood Testing Devices Market – Pricing Analysis
Market Background

Reasons to Buy the report

We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

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Metalized Barrier Films Market Estimated to Reach value of Approximately over US$ 3,463.1 Million by the end of 2032

The global metallized barrier film market size was estimated at around US$1969.7 million in 2021 and is forecast to reach 3,463.1 million reach US$ by the end of 2032. The global market is expected to register a sizeable CAGR of 5.3% between 2022 and 2032.

Increased consumption of metallized barrier films in various end-use industries such as food & beverage, electronics, pharmaceuticals, and personal & home care are expected to boost sales during the forecast period. Against this backdrop, the FMI forecasts that global sales of metallized barrier films are expected to reach US$3,463.1 million by 2032.

All types of flexible packaging have a drawback of permeability, allowing oxygen or other gases to penetrate through them. In order to overcome this challenge, packaging manufacturers came up with metalized barrier films, which enable prevention of internal atmosphere of packaging from getting influenced by the external environment.

Metalized barrier films offer more technological benefits to flexible packaging as compared to rigid packaging products, as they offer higher efficiency in insulating the products at affordable prices.

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Manufacturers Focusing on Developing Innovative Products

Leading manufacturers of metalized barrier films are focusing on developing innovative products, such as metalized barrier films with moisture and oxygen protection along with aroma protection. Another example is of stainless steel coated metalized barrier films that are print receptive, making it ideal for variety of graphic applications , thereby providing attractive packaging solutions. Continuous innovations in designs, and testing new materials, technologies and techniques are key strategies adopted by manufacturers for gaining a competitive edge in the market.

High barrier Metalized Barrier Films will Continue to be Sought-after Among Barrier Types

Between ultra-high barrier and low barrier metalized barrier films, the former will register a higher CAGR, while the latter is expected to account for a comparatively larger revenue share of the market during 2017 to 2022. High barrier metalized barrier films will continue to be sought-after among barrier types.

In contrast, medium barrier will remain the least lucrative barrier type of metalized barrier films during the forecast period. Lids, blister pack base webs, and sachets are projected to be the fastest expanding applications of metalized barrier films throughout the forecast period.

Revenues from these three applications of metalized barrier films are projected to account for over one-third market share in 2017. Pouches will continue to be the most lucrative application of metalized barrier films, albeit expanding at a comparatively lower CAGR than lids, blister pack base webs, and sachets. In contrast, stretch wrap films are anticipated to remain the least attractive application of metalized barrier films.

Projected to hold nearly two-third market revenue share during the forecast period, food and beverages will continue to be most attractive end-use segment of metalized barrier films. Pharmaceuticals is also expected to be a lucrative end-use segment of metalized barrier films, and will expand at a CAGR of 5% through 2022. Metalized barrier films sales for end-use in electronics are projected to register the lowest CAGR through 2022.

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Metalized Barrier Films Market Outlook by Category

By Material:

Polyethylene
BOPP
Polypropylene
Aluminum
Polyamide
PVDC
EVOH
Others

By Barrier:

Low Barrier
Medium Barrier
High Barrier
Ultra High Barrier

By End Use:

Food and Beverages
Pharmaceuticals
Electronics
Home Care
Personal Care

By Application:

Pouches
Blister Pack Base Webs
Shrink Films
Stretch Wrap Films
Sachets
Lids

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Polyethylene and Aluminium to Remain Most Lucrative Materials for Metalized Barrier Films

Polyethylene and aluminium are anticipated to remain the most lucrative materials for metalized barrier films. Revenues from these two materials are projected to hold over half revenue share of the market in 2017. Sales of aluminium will register a comparatively higher CAGR than sales of polyethylene in the market through 2022.

Europe and North America will continue to be the largest markets for metalized barrier films over the forecast period. Growing demand for packaged beverages and food, along with the presence of numerous supermarkets and hypermarkets is propelling the market growth in these two regions.

The market in Asia-Pacific excluding Japan (APEJ) is projected to reflect an impressive expansion through 2022, although accounting for a relatively lower revenue share of the market. This is mainly because of significant expansion of industries such as food & beverage, and pharmaceuticals in the region, particularly in India and China.

Key companies listed by the report, who are actively operating in the global market for metalized barrier films, include Forum Packaging, SRF Limited, Henkel AG & Co. KGaA, Mondi Group plc, Amcor Ltd., Bemis Company, Inc., Jindal Poly Films Ltd., DUNMORE Corporation Ltd., Polyplex Corporation Ltd., and Uflex Ltd.

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Hypochlorite Bleaches Market | Growth, COVID Impact, Trends Analysis Report Forecast to 2032

The worldwide demand for hypochlorite bleach market is estimated at US$289.4 million estimated in 2022, forecast a CAGR of 5.4% valued at $487.9 million from 2022 to 2032. The growth is attributed to growing demand for paper and board in emerging markets. Between 2016 and 2021, the Hypochlorite Bleach Market recorded a CAGR of 4.6%.

Hypochlorite bleaches are mostly the sodium salt of hypochlorous acid dissolved in water. It is also known as liquid bleach or bleach. Hypochlorite bleaches are used as a bleaching agent and a disinfectant.

The global hypochlorite bleaches market is expected to have substantially high growth rate, attributed to growing healthcare industry across the globe and increasing chances of contamination by pathogens. North America accounts for significantly high revenue share in global hypochlorite bleaches market, attributed to robust marketing and research in the region.

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Global Hypochlorite Bleaches Market Dynamics

The growth of global hypochlorite bleaches market is driven by growing pharmaceutical and laundry industry. The macroeconomic factor responsible for the growth of global hypochlorite bleaches market is rising disposable income, the rapid rate of urbanization, and changing lifestyle. The key factor restraining the global hypochlorite bleaches market is the corrosive property of hypochlorite bleaches if not handled properly.

The company providing the hypochlorite bleaches have significantly high opportunity in regions such as North America, Europe, and Asia-Pacific, owing to significantly high demand for disinfectant coupled with rising demand for pharmaceuticals in the regions.

The hypochlorite bleaches market also experiencing significant growth in Latin America and the Middle East and Africa region as these are the emerging market, attributed to rising disposable income of consumers in these region.

Global Hypochlorite Bleaches Market Regional Outlook

Based on the geographies, global hypochlorite bleaches market is fragmented into seven key regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa.

Among the aforementioned regions, North America accounts for a significant share of global hypochlorite bleaches market, owing to relatively high-value share of the region in the global healthcare market. Western Europe is followed by North America region in global hypochlorite bleaches market.

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The Asia-Pacific except Japan region accounts for significantly high volume share in global hypochlorite bleaches market, owing to the substantial growth in the pharmaceutical industry in the region. Eastern Europe and Japan accounts for significant value share in global hypochlorite bleaches market as these region has significant growth in the disinfectant market.

Overall, the outlook for global hypochlorite bleaches market will have a positive growth over the forecast period, owing to the increasing demand for the disinfectant as an anti-counterfeiting measure. The developing economy such as Middle East Africa and Latin America have a moderate opportunity in global hypochlorite bleaches market, owing to the moderate growth rate in the pharmaceutical industry and growing population.

Global Hypochlorite Bleaches Market Player

Few players in global hypochlorite bleaches market include Lion Apparel, Inc., Shijiazhuang Xinlongwei Chemical Co., Ltd., Shouguang Tianwei Chemical Co., Ltd., Ecoviz Kft, JSC AVANGARD, SAI CHEM CORPORATION, Tianjin Yufeng Chemical Co.,Ltd., Union Overseas Enterprise Ltd., United Chloro Paraffin Pvt. Ltd., Mabuhay Vinyl Corporation, and P and J Enterprises.

Global Hypochlorite Bleaches Market Segmentation

Basically, global hypochlorite bleaches market is segmented on the basis of product type, end-use, and region.

Based on product type, the global hypochlorite bleaches market is segmented into:

Sodium Hypochlorite
Bleaching
Surface Purification
Odor Removal
Water Disinfection

Calcium Hypochlorite
Potassium Hypochlorite
Lithium Hypochlorite

Based on end-use, the global hypochlorite bleaches market is segmented into:

Healthcare

Domestic Uses
Laundry
Others

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Bicycle Shoe Market is Projected to Expand at A CAGR of 5.3% From 2022-2029

Expanding at a CAGR of 5.3%, the global bicycle shoe market size is projected to increase from a valuation of US$ 1.16 Bn in 2022 to US$ 1.67 Bn by the end of 2029. The recent past has observed an increased adoption of bicycle shoes owing to increasing number of cycling events, clubs and association across the globe which in turn is accelerating the sales of cycling accessories such as bicycle shoes and helmets among riders.

Moreover, growing cycling interest and high penetration of online sales channel are expected to fuel the global sales of bicycle shoe. FMI in its newest research report opines that the growing trend of custom bicycle shoes is leading to an uptick in the demand for bicycle shoe. On the back of these factors, the global bicycle shoe market is estimated to be valued at US$ 998.7 Mn in 2019 and expected to expand at 5.5% CAGR during the forecast period of 2019-2029.

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Key Takeaways from the Bicycle Shoe Market Study

East Asia is expected to dominate the global bicycle shoe market owing to large population base which are more inclined towards fashion and health. Cycling activity which has emerged as health & fitness program among consumers, attracts East Asia riders for higher participation which is resulting to an uplift of bicycle shoe in the region. As per Union Cycliste Internationale (UCI), 40 UCI cycling teams are registered in 2018 which was 17 in 2009, increased more than double in past years.
According to FMI, mountain bike shoe accounted for the maximum share in the global bicycle shoe market owing to high preference for adventure sports among consumers supported by the manufacturers with continuous innovation in mountain biking (MTB) such as wireless drivetrains, wireless dropper-posts, fork & shock controls which further generates the necessity of mountain bike shoe.
An upsurge in consumer spending was seen in the segment of men within the global bicycle shoe market. As per Statistics for American Motorcycle Riders, female motorcycle owners accounted for only 19% as compared to men (81%) in 2018.
While offline sales channel will continue to dominate the bicycle shoe market during the forecast period, online sales channel is expected to see a prolific rise with a higher CAGR in bicycle shoe. Preferential shift of consumers towards online platforms are primarily driven by product availability and competitive vendor prices etc. Online platforms offer multiple sellers at the same time with numerous bicycle shoes to choose from. Moreover, bicycle shoe delivery at doorstep also saves the consumer’s time which is another important factor towards the growth of online sales channel.

Increasing Public Bicycle Rental Programs and Government Initiatives

Bike-sharing programs offer an active mobility option to individuals with an objective to increase cycling, reduce congestion, and minimize environmental pollution. Also, bicycles available on rent save users investment needed to purchase their own bicycles. In addition, users who make a habit of using rental bicycles can be potential buyers in the future for companies that target citizens who commute over shorter distances.

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A study by Institute for Transportation and Development Policy (ITDP) in 2014 revealed that bike-share programs have been initiated in over 600 cities worldwide, and more bicycle rental programs are starting each year. The Indian government has taken many initiatives, such as ‘Make in India’ and ‘Startup India’, with an objective of boosting the manufacturing sector and increasing the purchasing power of the average Indian customer. Such initiatives would further boost demand and hence, spur the development of bicycles in addition to benefiting investors. Moreover, the Government aims to push the country’s manufacturing sector to account for 25% of its GDP, which is much higher than the current 17%. All these factors are anticipated to drive the growth of the bicycle market in the Asia-Pacific region, thereby boosting demand for bicycle shoes.

Who is winning?

Some of the key players operating in the bicycle shoe market are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., Lemans Corporation, EVS Sports and others.

Several leading bicycle shoe players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on research and development activities to come up with new technologies which can change the market landscape of bicycle shoe.

In March 2020, Leatt, a company which designs & manufactures of protective neck braces, body armour and cycling shoe, has launched innovative shoe line for mountain biking.
In Feb 2019, the company Shimano launched indoor cycling footwear, IC5 and IC3 shoes.

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Key Segments of Bicycle Shoe Industry Survey

Bicycle Shoe Market by Product:

Mountain Bike Shoes
Road Bike Shoes
Touring & City Bike Shoes
Winter Shoes

Bicycle Shoe Market by Price Range:

Premium Bicycle Shoes
Mass Bicycle Shoes

Bicycle Shoe Market by Consumer Orientation:

Bicycle Shoes for Males
Bicycle Shoes for Females
Bicycle Shoes for Kids

Bicycle Shoe Market by Sales Channel:

Online Sales of Bicycle Shoes
Offline Sales of Bicycle Shoes
- Specialty Bicycle Retailers
- Full-line Sporting Goods Stores
- Department Stores & Others

Bicycle Shoe Market by Region:

North America Bicycle Shoe Market
Latin America Bicycle Shoe Market
Europe Bicycle Shoe Market
East Asia Bicycle Shoe Market
South Asia & Pacific Bicycle Shoe Market
Middle East & Africa (MEA) Bicycle Shoe Market

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Flue Gas Desulfurization System Market: Dominance of the Leading Companies Over the Global Industry

The world market for flue gas desulfurization systems is expected to bring in $34,881.3 million by 2032 while expanding at a CAGR of 5.1%. The market is expected to be worth US$21,172.5 million in 2022. Between 2016 and 2021, the market recorded a growth rate of 4.10%.

Future technologies to reduce pollutant emissions will be crucial to meet the electricity demand and dependency reduce . on fossil fuels. In recent years, REA systems and services have experienced significant growth worldwide and this trend is expected to continue in the years to come.

International awareness of environmental concerns has been increasing in recent years resulted in the stringent environmental regulations regarding sulfur dioxide (SO2) emission in the many countries. Flue Gas Desulfurization System (FGDS) is a set of technologies which works to remove sulfur dioxide (SO2) from exhausted gases from the emission of the sulfur dioxide emitting processes.

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Basically, the flue gases are removed using a variety of reagents such as caustic, lime, fly-ash, magnesium oxide, soda ash, sea water, limestone, ammonia and double alkali. The flue gas desulfurization system efficiency is based on the reagents and the type of the technology used to desulfurize the Sulfur dioxide (SO2). The FGDS are available in size range from 5 MW to more than 2000 MW capacity.

Flue Gas Desulfurization System Market – Drivers and Restraints

The global FGDS market is expected to show a rapid market growth over the forecast period. The sulfur dioxide is responsible for the acid rain formation, the stringent government regulations to protect the environment have been implemented in many countries to limit and control the emission of the flue gas which is the major factor driving the global FGDS market.

The increasing number of energy power plants to meet the rising demand of power needs more FGDS systems which drive the growth of the global FGDS market. The increasing industrialization and set up of chemical, iron and steel and cement manufacturing plants boost the demand of the FGDS which drives the growth of the global FGDS market.

However, the alternative methods used to remove the sulfur dioxide (SO2) from the flue gases after combustion such as Catalytic hydro desulfurization and fluidized bed combustion methods may hamper the use of FGDS system and restrain the growth of the global FGDS market.

Flue Gas Desulfurization System Market – Region Wise Outlook

The global FGDS market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

The North America region has contributed the leading share to the global FDGS market in terms of revenue due to higher demand of the FGDS from the power generation industry and chemical, iron industry. The Western Europe has also contributed the significant shares to the global FGDS market followed by North America.

APEJ region is the most lucrative market, followed by the Eastern Europe and expected to register the descent growth to the global FGDS market due to the rising industrialization, manufacturing and processing units of the industries such as power generation, coal, steel and cement. Japan and Eastern Europe are contributed descent growth to the global FGDS market.

The MEA and Latin America are at a nascent stage and expected to show a moderate growth for the forecast period. Overall, the global FGDS fabric market is expected to register a significant growth rate over the forecast period 2022 to 2032.

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Flue Gas Desulfurization System Market – Key Players

Some of the key players in the FGDS market are as follows:

Babcock & Wilcox Enterprises, Inc.
Marsulex Environmental Technologies
FLSmidth & Co. A/S
Thermax Limited
Siemens AG
Clyde Bergemann Power Group
Burns & Mcdonnell
Alstom SA
Mitsubishi Electric Corporation, Ltd.
Hamon Corporation

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

Flue Gas Desulfurization System Market – Segmentation

On the basis of type, theglobal FGDS market is segmented as follows:

Wet flue gas desulfurizer
Dry flue gas desulfurizer
Semi dry desulfurizer

On the basis of applications, theglobal FGDS market is segmented as follows:

Power generation
Chemical
Iron and steel
Cement manufacturing
Others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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

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Mini Refrigerator Market is Predicted to Progress at A CAGR of 7.7% From 2022-2027

The global mini refrigerator market size is expected to reach US$ 2.22 Bn by the end of 2027. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 7.7% between 2022 and 2027. According to the report, growing popularity of portable kitchen appliances and emerging trend of energy star certified appliances boost demand for mini refrigerator across the globe.

The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the mini refrigerator market. Some of these are:

The estimated value of the mini refrigerator market was at ~US$ 3,060.2Mn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, East Asia dominates the mini refrigerator market globally owing to rise in adoption of portable mini refrigerator to the outdoor activities such as fishing, camping, adventure sports, along with expanding demand for cold storage in vehicles to keep the food and beverages fresh during travel.
East Asia emerges as one of key markets owing to rise in per capita spending on kitchen appliances which makes mini refrigerator affordable along with increase in number of nuclear families led to increase in demand for mini refrigerator in the region.
Growth of online retailers’ sales channel is expected to boost the sales of mini refrigerator over the forecast period.
Prominent players are analysing consumer behaviour and purchase pattern to understand the current household trend. The company’s focus remains on developing innovative products that come with minimum-maintenance requirement, as, it is one of the core objectives of having smart technology.

Rise in Demand for High Capacity Mini Refrigerator at Commercial Areas

Based on the capacity, the 4-5 cu. Ft. is expected to be the most attractive segment in the mini refrigerator market over the forecast period. Rise in demand for high capacity portable refrigerator in commercial areas such as hospitals and clinics to store drugs and medical devices that requires specific storage conditions is the primary factor expected to exhibit a significant growth in the global mini refrigerator market during the forecast period. Furthermore, unique features associated with mini refrigerator such as portability, efficient cooling temperature, and high capacity propel the global mini refrigerator market for further growth. However, 2-2.9 cu. Ft. segment is expected to expand at higher CAGR during the forecast owing to increasing demand of such products on vehicles as well as outing or some small holiday trip with such capacity.

Who is Winning?

Some of the leading players operating in the mini refrigerator market are The Whirlpool Corporation, Samsung Electronics, Videocon Industries, Godrej Appliances, LG Electronics, Haier Group Corporation, Electrolux AB, Panasonic Corporation, Siemens AG, ARB Company, Highsense Infotech, Zhongke Meiling Cryogenics Co., Ltd., Danby Appliances Inc., Whynter, LLC, Engel, Koolatron Corporation, Dometic Group AB, EdgeStar Appliances Company, Midea Group, Uber Appliance Company, and others.

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These manufacturers are developing technological advanced products with high energy star certified products to meet growing consumer requirements as well as to have a competitor edge in the market. Moreover, collaboration with domestic distributors, strategic partnership, seeking for certifications, and enter into e-commerce platform remains a popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through mergers and acquisition.

In January 2020, Godrej Appliances introduced a new mini refrigerator for hotels and hospitals, to cater to the cooling requirements of the industry. Company developed innovative product to meet the growing demand of cooling device that works on advanced thermostatic technology.
In 2019, Haier Group Corporation launched two new vertical freezers namely Mini-Vertical Freezer ‘BD88DEM’ and Haier Premium Vertical Freezer ‘BD168WL’ in India to stock small to large variety of food items. The refrigerator is designed to reduce the problem of frost formation and provide a wide temperature range between -14 to -25 degrees.

Get Valuable Insights into Mini Refrigerator Market

Future Market Insights, in its new report, presents an unbiased analysis of the global mini refrigerator market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights on the mini refrigerator market based on product type (single door refrigerator and double door refrigerator), capacity (less than 1 cu. Ft., 1-1.9 cu. Ft., 2-2.9 cu. Ft., 3-3.9 cu. Ft., and 4-5 cu. Ft.), end-user (commercial and residential), price range (economy, mid-range, and premium), sales channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores, independent small stores, online retailers, and other sales channel), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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Key Segments Of Mini Refrigerator Industry Survey

Mini Refrigerator Market by Product:

Single Door Refrigerators
Double Door Refrigerators

Mini Refrigerator Market by Price Range:

Economic Mini Refrigerators
Mid-range Mini Refrigerators
Premium Mini Refrigerators

Mini Refrigerator Market by Capacity:

Less Than 1 cu. Ft Mini Refrigerators
1-1.9 cu. Ft Mini Refrigerators
2-2.9 cu. Ft Mini Refrigerators
3-3.9 cu. Ft Mini Refrigerators
4-5 cu. Ft Mini Refrigerators

Mini Refrigerator Market by End User:

Residential Mini Refrigerators
Commercial Mini Refrigerators

Mini Refrigerator Market by Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Exclusive Stores
Independent Small Stores
Online Retailers
Other Sales Channels

Mini Refrigerator Market by Region:

North America Mini Refrigerator Market
Latin America Mini Refrigerator Market
Europe Mini Refrigerator Market
East Asia Mini Refrigerator Market
South Asia & Pacific Mini Refrigerator Market
Middle East & Africa (MEA) Mini Refrigerator Market

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Dimethylformamide (DMF) Market | Global Industry Overview and Competitive Landscape till 2032

The global market dimethylformamide (DMF) results in an estimated CAGR of 4.7% into the global market during the forecast period and records a revenue of USD 374.88 million in 2022 and is expected to reach 593.4 Will exceed million USD by 2032.

Dimethylformamide (DMF), a derivative of formamide and an amide of formic acid, is a colourless organic liquid with a high boiling point. It is available in various derivative forms, including N,N-Dimethylformamide dimethyl acetal, N,N-Dimethylformamide dietyl acetal, and N,N-dimethylformamide.

It is widely used in carrying out chemical reactions owing to its miscibility with various compounds and water. In its pure form, dimethylformamide is odourless; however, impure or degraded dimethylformamide has a fishy odour because of its impurities.

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Dimethylformamide finds its applications in the production of films, surface coatings, and fibres. It is also widely used as an industrial solvent. Although dimethylformamide is widely used across a wide range of end-use industries, concerns about its potential health impact remain a key challenges to its widespread adoption.

Prolonged exposure to dimethylformamide has been associated with liver damage in both humans and animals. Symptoms of prolonged exposures of dimethylformamide in humans include nausea, abdominal pain, vomiting, jaundice, and rashes.

Global Dimethylformamide Market: Drivers and Restrains

Wide-ranging applications of dimethylformamide in solvents, fibres, and pesticides will continue to drive the growth of the global dimethylformamide market during the forecast period, 2016-2026.

Derivatives of dimethylformamide are widely used in the manufacture of wire enamels, pesticides, pharmaceuticals, and acrylic fibres. However, concerns regarding the health impact of prolonged exposure to dimethylformamide can impede growth during the forecast period.

Global Dimethylformamide Market: Region-Wise Outlook

The global dimethylformamide market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa (MEA). Asia Pacific is the market leader in the global dimethylformamide market, owing to strong demand for dimethylformamide from the region’s pharmaceutical sector.

North America is the second largest market for dimethylformamide – steady demand from the region’s solvent and films industry is fuelling the growth of the dimethylformamide market in the region. Europe is the third largest market for dimethylformamide, with applications in automobiles and surface coatings fuelling the growth of the market.

Latin America dimethylformamide market is also witnessing steady growth owing to the flourishing pharmaceuticals and chemicals industry in this region. Middle East and Africa is at a nascent stage in the global dimethylformamide market although it is expected to witness promising growth rates during the forecast period.

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Key Segments Profiled in the Dimethylformamide (DMF) Market Survey

By Derivatives:

N,N-DMF Dimethyl Acetal
N,N-DMF Ditert-Butyl Acetal
N,N-Dimethylformamide

By Application:

Industrial Solvent
Polymer Fibres
Surface Coatings
Films
Processing of Acrylic Fibres
Wire Enamel

By End User:

Pesticides
Pharmaceuticals
Solvents
Chemicals

Global Dimethylformamide Market: Key Players

Key players in the global dimethylformamide market include:

Cable House
J. N. Chemical
Artha Enterprise
Alpha Chemika
Antares Chem Pvt. Ltd.
BASF
Eastman Chemical
Merck
Luxi Chemical Group
Jiutian Chemical Group
Mitsubishi Gas Chemical
The Chemours
Zhejiang Jiangshan Chemical
Chemanol
AK-KIM
Pharmco Products
Ineos AG
Arkema Group

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

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Dimethyl Disulphide (DMDS) Market: New Technological Development Projecting Massive Growth till 2032

The world market size dimethyl disulfide (DMDS) is expected to be $218.6 million Estimated in 2022 and expected to reach $329.9 million in 2032 and tremendous growth with a CAGR of 4.2 Show % in the forecast period.

Dimethyl Disulphide (DMDS) is an organic chemical compound with CH3SSCH3 molecular formula and (Methyldisulfanyl) methane IUPAC name. A pale yellow liquid, it is the simplest disulphide compound. DMDS is a flammable liquid and has an unpleasant odour.

The natural source of DMDS is Helicodiceros muscivorus, also known as dead-horse arum plant. Chlorination and oxidation are the important chemical reactions of DMDS. DMDS is rich in sulphur content and gives higher sulphur per pound of reagent as compared to dimethyl sulphide.

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DMDS is widely used for the wear processes in sliding systems, and as hydrotreating and hydrocracking catalyst. It is also used as a food additive in different food flavours. Other uses of DMDS are as soil fumigants in agriculture, and as an alternative for methyl bromide in chemical industries.

It is also a major ingredient in the production of various pesticides. In the petrochemicals industry, DMDS is used for the protection of steam-cracking coils from the formation of coke and carbon monoxide. DMDS, an effective soil fumigant improves efficacy and reduces odour issues.

For DMDS, the product labels require a Totally Impermeable Film (TIF). TIF increases retention of DMDS and the amount of chemical needed to apply reduces as compared to the application rates of other film types.

Dimethyl Disulphide (DMDS) Market:  Drivers & Restraints

The EPA has concluded that DMDS fumigant is unlikely to get into food crops. DMDS quickly breaks down into low toxicity or non?toxic degrades or by-products and metabolites which are further broken down such that these compounds may also be part of a normal diet.

Strong demand from the agriculture sector will continue to fuel the growth of the global dimethyl disulphide market. The advantages of using DMDS include its exceptionally high sulphur content, low risk of premature coking by its by-products, lower decomposition temperature, making it a chemical of choice for activity testing and catalyst development. Applications in the petrochemical sector will also continue to support growth during the forecast period, 2022-2032.

Dimethyl Disulphide (DMDS) Market: Region-wise Overview

Geographically, the global dimethyl disulphide (DMDS) market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan. DMDS is primarily used as a food additive in different food flavours.

Other uses of DMDS are as soil fumigants in agriculture and as an alternative for methyl bromide in chemical industries. An additional advantage of DMDS is the methane by-product of its decomposition.

Petrochemicals and agriculture being the major areas of application, the global DMDS market has immense potential opportunity to expand at a healthy CAGR during the forecast period. As a result, APEJ, North America and Western Europe collectively account for over half of revenue share of the global dimethyl disulphide market.

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Key Segments Profiled in the Dimethyl Disulphide (DMDS) Market Survey

By End User:

Petrochemical
Pesticides & Fertilizers
Oil & Gas
Chemicals
Food & Beverages

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Dimethyl Disulphide (DMDS) Market: Key Players

The key players in global Dimethyl Disulphide (DMDS) market are Arkema Inc., ChevronPhillips Chemical Company, Sigma-Aldrich Co. LLC., IRO GROUP INC.,to name a few.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, accessories, and applications.

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Smart Home Automation Market is Estimated to Grow from US$ 72 Bn in 2022 to US$ 168 Bn in 2032 | FMI

The global smart home automation market is estimated to grow from US$ 72 Billion in 2022 to US$ 168 Billion in 2032 while displaying a CAGR of 8.84% during the 2022-2032 period. Increasing penetration of the Internet of Things (IoT) has evolved the machine to machine communication which has motivated users to adopt smart home automation technology.

Integration of modern technologies such as IoT, AI, and ML, the demand for smart devices is expected to rise in the coming time. According to a Voicbot.ai survey, in January 2020, about 87.7 million US consumers were using smart speakers. Further, smart city projects are growing in number across the globe, surging the demand for home automation businesses.

With access to home accessories from remote locations, users can regulate their home appliances in their absence. They can also keep a watch on any activity taking place within the house through video surveillance systems. For instance, in February 2022, India-based home automation company, One Switch, announced the launch of franchising options for the expansion of their smart home automation services.

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The eco-friendly solutions such as automatic water sensors and motion sensors, offered by smart home companies like One Switch, have also helped in reducing electricity bills and enhancing the overall home environment.

The automation tools and equipment are expensive, thus, users with average or below average disposable income find it challenging to buy such modern services. Due to its high cost, there is polarization in the procurement of such advanced equipment. Thus, the cost barrier is anticipated to play a significant role in limiting the market growth during the forecast period. Further, various users are yet not well familiar with such technology which limits the adoption of smart home automation devices. Thus, the complicated technologies and applications are likely to inhibit the market growth in the assessment period.

Key Takeaways from the Market Study:

Global smart home automation market value to surge 2.3x from 2022 to 2032
By application, smart home automation for entertainment to experience a CAGR of 7.8% until 2032
Wireless smart home automation to be most sought after, expected to accumulate 44% revenue in 2022
North America to emerge as the fastest growing market, expanding at an 8% CAGR
Europe to be the 2^nd largest market for smart home automation, inclining at a 7.7% CAGR
Asia Pacific to present significant growth opportunities, reflecting a 7.5% value CAGR

“Increasing demand for comfort and growing deployment of modern technologies such as AI, ML, and IoT in home appliances is expected to benefit the market during the forecast period. Also, increasing disposable income of developing countries is likely to offer several opportunities of expansion to the players in the market,” says an FMI analyst.

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Competition Analysis

Key players in the global smart home automation market include Control4 Corporation (U.S.), BB Ltd. (Switzerland), Crestron Electronics, Inc. (U.S.), Ingersoll-Rand plc (Ireland), Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Leviton Manufacturing Company, Inc. (U.S.), Legrand SA (France), Lutron Electronics Co., Inc. (U.S.), Schneider Electric (France), and Siemens AG (Germany).

Recent Developments in the Industry include:

In July 2022, Schneider Electric launched the Wiser App to create awareness about the potential of Wiser Smart Homes. The app requires minimal rewiring and has the ability to support Google Home Assistant and Alexa which offers the needed comfort to consumers on a regular basis.
In July 2020, Johnson Controls, a renowned player for smart and sustainable buildings, launched OpenBlue, a complete suite of connected solutions and services that combine the Company’s 135 years of building experience with modern technology. The new suite of connected solutions allows previously unimaginable occupant experiences, respectful safety and security, and impactful sustainability, driven by cutting-edge connected technology.

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Future Market Insights, in its new offering, presents an unbiased analysis of the global smart home automation market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Component (Hardware, Software, Services), Technology (Cellular, Wireless, Other), Application (Security, Lighting, Entertainment, HVAC & Energy Management, Smart Kitchen), & Region.

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Key Segments Profiled in Smart Home Automation Market

Smart Home Automation Market by Component:

Smart Home Automation Hardware
Smart Home Automation Software
Smart Home Automation Services

Smart Home Automation Market by Technology:

Cellular Smart Home Automation
Wireless Smart Home Automation
Other Smart Home Automation Technologies

Smart Home Automation Market by Application:

Smart Home Automation for Security
Smart Home Automation for Lighting
Smart Home Automation for Entertainment
Smart Home Automation for HVAC & Energy Management
Smart Home Automation for Smart Kitchens

Smart Home Automation Market by Region:

North America Smart Home Automation Market
Europe Smart Home Automation Market
Asia Pacific Smart Home Automation Market
Latin America Smart Home Automation Market
Middle East & Africa Smart Home Automation Market

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Ethylene Glycol Market is Reaching US$ 27.13 Bn at a Gracious rate of 5.3% by the year 2032

The world market size for ethylene glycol is expected to reach a valuation of USD16,187.2 Million in 2022. During the forecast period of 2022 to 2032 The ethylene glycol industry is forecast to thrive at a CAGR of 5.3% which is forecast to be worth 27,130.3 million USD.

According to the latest research, the demand for Ethylene Glycol is anticipated to grow with a compelling growth rate of about 3.1% to 4.5% in between the coming assessment period of 2021-2031. It is mainly used as a raw material in the manufacture of polyester fibres and for antifreeze formulations.

What is Driving Demand for Ethylene Glycol

Major factors driving the market are the growing demand from the textile industry and automotive industry. The availability of enhanced ethylene glycol production technology, increased popularity of bio-based ethylene glycol, and rising demand from the textile industry are projected to fuel market expansion throughout the forecast period.

Rapid growth in the textile and PET resin products industries is expected to boost the consumption during the forecast period. 

The packaging industry has been driven by rapid growth and changing lifestyles of consumers, and the growing use of Polyethylene Terephthalate (PET) in a variety of consumer goods products, including as food containers and bottles, is expected to enhance demand for MEG which is likely to boost the market throughout the forecast period.

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Growth of automotive sector to boost the market and increase demand of Ethylene Glycol

It is widely used as an antifreeze in automobile engines. Because it has a lower freezing point than water, it is used to keep an automobile radiator cool throughout the winter. Globally, the number of vehicles on the road is increasing and is expected to grow at a CAGR of 4.5 percent.  

Growing vehicle production and sales volumes are to responsible for the increase in vehicle on-road volumes. Coolants and antifreeze will be in high demand due to the increased number of vehicles on the road. The demand for MEG will be fuelled by an increase in coolants and antifreeze usage.

Many end use industries depend on the use of ethylene glycol as a feedstock. It’s mostly used to make PET bottle resins, polyester fibre, and films. Fibre is the most common application of MEG.

Due to the usage of MEG in the production of PET and polyester fibres, it is widely used in the textile and apparel industries, as well as garment manufacturing, home furnishings, carpets, and rugs. Hence the market is expanding due to the high potential for polyester applications in the textile industry.

APAC Market Outlook

Asia- Pacific dominated the worldwide ethylene glycols market and it is also predicted to be the fastest-growing market because of the increased demand and consumption of MEG, the majority of producers are expanding their production capacity in Asia through both organic and inorganic expansion techniques.

Plastic manufacturing, chemicals, and textiles are among the end-user industries that are rapidly expanding in the region. The increasing demand for MEG in polyester and PET applications in the textile and packaging end-user sectors makes China the largest ethylene glycol market. China is also projected to see capacity increases for PET resin in addition to fiber application.

Europe and North America Demand Outlook

The increased production and sale of passenger vehicles in Germany, France, and the United Kingdom is expected to drive ethylene glycol consumption in automotive applications, boosting the market in these countries. North America, owing to the presence of leading automotive players and the growing PET resin sector will lead to significant demand for this product in the North America market over the projection period.

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Key Segments covered in the Ethylene Glycol Market Survey

By Derivative Type:

Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)

By Application:

Polyester Fibres
PET
Antifreeze and Coolants
Films
Others

By End Use Industry:

Textiles
Automotive
Packaging
Others

Who are the Key Manufacturers and Suppliers

Some of the leading manufacturers and suppliers include

Exxon Mobil Corp.
Dow Chemical
SABIC
Sinopec
Shell Chemical
Reliance Industries ltd.
Huntsman Chemical Corporation
LOTTE Chemical Corp.
Kuwait Petroleum Corporation
LyondellBasell Industries
Formosa Plastics Corporation

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Major players in the worldwide market are increasing their regional presence and company operations through organic and inorganic growth methods such as joint ventures, mergers and acquisitions, expansion, collaborations, new product launches, strategic alliances, and R&D.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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