Market Research Blog – Page 10253 – New Product Development

Air Fryers Market is Expected to Reach US$ 1.86 Bn By The End of 2031, Rising at a CAGR of 7.3%

The air fryers market size is expected to reach US$ 1.86 Bn by the end of 2031, rising at a CAGR of over 7.3% between 2021 and 2031. Rising health & fitness concerns among consumers will remain a driving influence. Offerings with multi-functional cooking features will reflect higher demand.

Advancements in product features, and growing consumer interest towards technology-led products have changed the small appliances industry. Consequently, manufacturers have introduced air fryers with traditional oven functionalities. This enables benefits of accessibility, saves kitchen space, and offers a larger cooking capacities.

The rapid rise of the e-commerce industry, higher consumer incomes, and advances in intelligent cooking technologies are spurring market growth. Adoption of air fryers in residential and commercial sectors is also a contributory factor driving market growth.

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Hectic lifestyles and the resultant demand for healthy diets has influenced cooking appliance manufacturers. As a result, modern air fryers are designed to reduce cooking time without compromising on nutrition. Also, air fryer market participants have invested heavily in research and development activities to improve flexibility in cooking operations.

Increasing consumer inclination towards energy efficiency and eco-friendly product features is expected to generate growth opportunities. Stringent safety standards drafted by environment regulatory bodies such as the EPA (Environmental Protection Agency) have given rise to ENERGY STAR specifications to reduce GHG (Greenhouse gas) emissions, which will positively influence developments in the long-term.

Key Takeaways

The United States is expected to remain a prominent regional market due to high preference for oil-free food amongst health-conscious consumers.
Strong growth is emerging from emerging economies of India, China, Saudi Arabia, and Russia, driven by changes in urban lifestyles.
In terms of product type, digital air fryer held notable share in the global air fryer market owing to consistency in food quality.
Residential sector is expected to experience steady growth within the global air fryer market space over the forecast period.

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Impact of COVID-19 & 2020 Market Analysis

During the COVID-19 outbreak, air fryer manufacturing companies have been severely impacted owing to disrupted supply chains in terms of raw materials and components. Lockdown restrictions led to short-term halt in production, while sales are bouncing back in 2021. Air fryers are emerging as essential equipment in kitchens with the increasing focus on a healthy lifestyle.

The outbreak has also resulted in substantial growth of categories including cleaning and hygiene products. The growth of the e-commerce sector is also a positive influence as companies focus on expanding their distribution networks to online channels to cater to surging consumer demand. However, brick and mortar retail stores suffered through the Covid-19 lockdown period. The change in buying patterns bolstered sales through e-commerce platforms, which will continue in the long-term.

Who is winning?

The report highlights some prominent players in the global air fryer market, which include Koninklijke Philips N.V, Newell Brands, Inc., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation, Meyer Manufacturing Company Limited, GoWISE USA (Ming’s Mark Inc.), among others. Market players are primarily focused on marketing campaigns to promote their products and create brand awareness among consumers, with social media campaigns gaining notable traction.

In July 2020, SharkNinja Operating LLC introduced the new Ninja Foodi 2-Basket Air Fryer. The fryer has a two-basket cooking system feature for additional versatility compared with traditional air fryers. The air fryer’s 8-quart capacity and Dual Zone technology helps the user cook two foods in two ways, and finish at the same time.

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In 2019, Koninklijke Philips N.V introduced Airfryer XXL with smart sensing technology. The technology simplifies the cooking process with a unique fat removal technology, with the fat being captured in the bottom tray of the fryer for easy disposal. Additionally, the air fryer can bake, grill and roast.

Product launches will remain a key strategy adopted by market players to gain competitive advantage. Leaders in the air fryer market are introducing products which fulfil the needs of customers.

Air Fryer Market by Category

Device Type

Manual
Digital

Wattage

Below 1200 Watt
1200-1500 Watt
1500-1800 Watt
1800-2200 Wattage
2200 Wattage & Above

End Use

Commercial
Residential

Price Range

Below US$ 25
US$ 25 – US$ 100
US$ 100 – US$ 200
US$ 200- US$ 300
US$ 300 & Above

Sales Channel

Direct Sales
Supermarket/Hypermarket
Department Stores
Specialty Stores
Online Retailers
Other Sales Channel

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Frequently Asked Questions

What is the air fryer market size?
Which end-user segment witnesses most lucrative growth opportunities?
Which sales channel will be the most lucrative in future?

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

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Climate Tech Market is Anticipated to Progress at a CAGR of 24.2% from 2022 – 2032 | FMI

According to a recent report published by Future Market Insights (FMI), the global climate tech market is estimated to showcase a noteworthy CAGR of around 24.2% from 2022-2032.

The report states that the global market is expected to reach a valuation of ~US$ 16.9 Bn by the end of 2022 and ~US$ 147.5 Bn by 2032. Stringent regulations to control climate pollution in major economies would drive demand for climate tech solutions and services.

Demand for climate tech solutions is expected to grow rapidly across a wide range of industries, including utilities, power & energy, transportation & logistics, and oil & gas. The climate tech market is expected to grow at a rapid pace as a result of increased use of advanced technologies to monitor various forms of pollutants.

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Key Takeaways: Climate Tech Market

By component, the solutions segment is anticipated to account for the largest share of 7% in the global climate tech market by 2032.
By technology, the blockchain segment is estimated to grow at a robust CAGR of 9% during the forecast period.
By application, the carbon footprint management segment is set to grow at 6% CAGR during the evaluation period.
The U.S. accounted for about 3% of the North America climate tech market share in 2021.
The global climate tech market exhibited a CAGR of around 5% during the historical period (2017-2021).

“Emergence of Industry 4.0 to promote the use of sustainable practices and eco-friendly technology for reducing power and energy consumption is projected to drive demand for climate tech,” says a FMI analyst.

Promotion of Green Technology by Government Agencies to Drive the Global Market

The global climate tech market is set to expand at a rapid pace as consumers and businesses are becoming more conscious about the negative effects of climate change. Various countries are also focusing on using renewable energy sources to cut back on pollution and provide a brighter future to the next generation.

Key players worldwide are investing huge sums in renewable energy projects to support the advancement of various sectors, including transportation. Government agencies are also attempting to promote green technologies, which would aid growth.

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More Valuable Insights on Climate Tech Market

Future Market Insight’s report on climate tech market industry research is segmented into five major sections – component (solutions, and services [consulting, integration & deployment, and support & maintenance]), technology (IoT, AI & analytics, digital twin, cloud computing, security, and blockchain), application (carbon footprint management, green building, water purification, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting, air & water pollution monitoring, and sustainable mining & exploration), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the climate tech demand outlook.

Climate Tech Outlook by Category

By Component:

Climate Tech Solutions
Services
- Consulting
- Integration and Deployment
- Support and Maintenance

By Technology:

IoT
AI and Analytics
Digital Twin
Cloud Computing
Security
Blockchain

By Application:

Carbon Footprint Management
Green Building
Water Purification
Soil Condition/Moisture Monitoring
Crop Monitoring
Forest Monitoring
Weather Monitoring and Forecasting
Air and Water Pollution Monitoring
Sustainable Mining and Exploration

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By Region:

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

Check Related Links –

https://community.tradetheday.com/post/video-game-market-2022-present-scenario-and-growth-prospects-2032-6343e88ec7957d04e4926836

https://homment.com/6YGNmxC87xj4YOW8AKBe

https://inobee.com/read-blog/114441

https://amanroad.com/blogs/51373/Video-Game-Market-2022-Key-Players-End-User-Demand-and

https://penposh.com/blogs/19046/Video-Game-Market-2022-Comprehensive-Shares-Historical-Trends-And-Forecast

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Beard Oil Market Size Will Exhibit A CAGR of 5.6% Between 2019-2029

The global beard oil market size is anticipated to be worth US$ 1.47 billion. According to Future Market Insights (FMI), between 2019 and 2029, the market would grow steadily at a CAGR of 5.6 percent. According to the report, the primary drivers for the beard oil market are increased demand for personal care products among male consumers, active marketing by corporations, and rising indie brands. The research provides a thorough analysis of the market, including key growth drivers, restraints, opportunities, and current trends. It makes use of original research.

It includes in-depth insights into the Beard Oil market. Some of these are:

Europe is expected to dominate the global beard oil market due to high concentration of beauty & skincare manufacturers in the region.
The East Asia region is expected to grow at highest CAGR during the forecast
High demand for organic products is considered as key attributor to the global beard oil market growth.
FMI identified online retail as the most lucrative sales channel in the beard oil market throughout the forecast period.

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Preferential Shift towards Natural & Organic Products to Surge Market Growth

Governed by rising demand for personal care products, aggressive marketing by companies, and rising indie brands, the beard oil market is expected to grow. Manufacturers are focusing on developing novel products to ride on the new wave of consumer inclination towards natural and organic skincare products. Manufacturers have also increased their focus on product ingredients and packaging. Increasing awareness about associated side effects with regard to beard oil such as skin reactions, itching, and burns, are factors expected to impede the beard oil market. Thereafter, growing consumer awareness and online product availability fuel the beard oil market for higher sales across the globe.

Who is Winning?

Some of the leading players operating in the Beard Oil market are Brickell men’s Product, Leven Rose, Mountaineer Brand, The American Beard Company, Prophet and Tools, The Gentleman’s, Viking Revolution, Honest Amish, ArtNaturals, Macho Bread Company, Dapper Ganger, Rosdon Group Ltd, Evolution GMBH, Fullight Tech, Alpha Vikings, Klapp Cosmetics GMBH, Vetyon, Rapid Beard, Texas Beard Company, Hongkong Guan Wei International etc. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

In April 2019, a US based company BUSCH had introduced beard oil infused with the rugged essence of BUSCH.

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Get Valuable Insights into Beard Oil Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Beard Oil market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the Beard Oil market based on product type (organic, conventional), price range (high, mid-range, low), packaging (bottle, jar, other), sales channel (wholesaler/ distributor, hypermarket/ supermarket, specialty stores, exclusive stores, online stores, others), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

Market Segmentation

The global beard oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product Type

Organic
Conventional

By Price Range

Low
Mid-range
Premium Range

By Packaging

Bottled
Jar
Other

By Sales Channel

Wholesaler/ Distributor
Hypermarket/ Supermarket
Specialty Stores
Exclusive Stores
Online Stores
Others

Region

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

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Cryogenic Pump Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2032

The Global Cryogenic Market is expected to be valued at $1.035 billion 2022, forecast an annual growth of 6.7% worth US$1,979.6 million from 2022 to 2032. The growth is attributed to an increasing focus on solar power generation and the development of solar PV manufacturing infrastructure.

A cryogenic pump is a vacuum pump which captures gases by condensing them on a cooled surface which is at a very low temperature of about 120 K. However, the efficiency of the pump is largely dependent upon the boiling and freezing temperature of the gases involved.

These pumps finds wide application in the handling, transportation and transfer of cryogenic fluids such as hydrogen, oxygen, nitrogen, argon and liquefied hydrocarbons.

As the demand for liquid gases increases across various industries, usage of cryogenic pumps becomes inevitable. The global demand for cryogenic pumps is anticipated to expand with a decent CAGR throughout the forecast period.

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Global Cryogenic Pump Market: Drivers and Restraints

The prime factor driving demand for cryogenic pumps is the increasing growth across its end use industries. Moreover, as more and more complex industrial processes evolve which incorporates the usage of liquid gases, demand for cryogenic pumps is bound to increase.

The rapidly growing demand for energy and power is expected to drive more demand for LNG and thus, ways to handle its transportation, further fuelling more revenues to the global cryogenic pumps market. Along with, reviving steel industry across the globe, is also anticipated to drive demand for cryogenic pumps, as cryogenic gases are indispensably used to create durable steel structures.

Noteworthy, is the usage of cryogenic pumps extracting the regenerated energy from exhaust gases from an engine; though this is at very niche stage, but is expected to fuel the demand for cryogenic pumps over the forecast period. In a nutshell, the global growing demand for cryogenic pump is directly proportional to growing economic development across all nations.

Global Cryogenic Pump Market: Region Wise Outlook

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

The APEJ region is projected to be the largest market for Cryogenic Pump demand, and is anticipated to remain its dominance throughout the forecast period. This can be directly attributed to rapid development activities across China and India, and rising need for energy across all nations of the Asia Pacific.

Western Europe and North America are next in line considering the demand for cryogenic pumps and demand for the latter is expected to expand moderately throughout the forecast period. Moreover, growing oil and gas industry and the need to handle LNG across, has let MEA to also account for a prominent market share in the global cryogenic pumps market.

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Global Cryogenic Pump Market: Key Players

ACD Cryo AG
Cryostar SAS
Sumitomo Heavy Industries Ltd.
Flowserve Corporation
Brooks Automation Inc.
Ebara 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.

Key Segments Profiled In The Cryogenic Pump Industry Survey

Cryogenic Pump Market by Pump Functionality:

Centrifugal Cryogenic Pumps
Positive Displacement Cryogenic Pumps

Cryogenic Pump Market by Type:

Bath Cryopumps
Refrigerator Cooled Cryopumps
Supercritical Helium Cooled Cryopumps
Others

Cryogenic Pump Market by Application Gas:

Nitrogen-based Cryogenic Pump
Oxygen-based Cryogenic Pump
LNG-based Cryogenic Pump
Argon-based Cryogenic Pump
Other Gases-based Cryogenic Pump

Cryogenic Pump Market by End Use Industry:

Cryogenic Pump for Energy & Power
Cryogenic Pump for Metallurgy and Mining
Cryogenic Pump for Chemicals
Cryogenic Pump for Other End Use Industries

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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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Acaricide Market: Exhaustive Analytical Segmentation Focuses On Key-players, Production & Growth by 2032

The Global Acaricide Market is forecast to be worth US$399.8 million by 2032, up from US$262.4 million in 2022 and the forecast period achieve a CAGR of 4.3%. In agriculture and livestock, acaricides and acaricides are practical pesticides to prevent disease and protect livestock and crops.

A growing population, shrinking arable land and a drive towards environmentally responsible agriculture are all contributing to the increase in the use of miticides worldwide. Acaricides are pesticides that kill ticks and mites and help animals gain immunity against various infectious diseases. Acaricides work by interfering with the nerves, muscles, respiration and growth of mites and ticks.

Cattle farmers need to use acaricides to prevent tick infestation and injury to animals. Losses due to tick infestations can be considerable and ticks cause paralysis and physical damage to cattle. Some acaricides might be toxic to fishes and other wildlife and have to be applied cautiously to prevent damage to ecosystem.

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A large variety of diseases are transmitted by ticks that severely affect the livestock. Major diseases transmitted by ticks include theileriosis, heartwater, anaplasmosis, and babesiosis. In order to stop the transmission of diseases, the ticks need to be killed before they feed on vulnerable animals and transmit diseases to other organism.

Use of chemical acaricides is the most common and effective method of killing ticks. Emerging economies such as Asia pacific, Latin America and Eastern Europe represent major markets for acaricides due to high cattle farming in these regions.

Rising population is triggering high demand for agricultural output and meat consumption globally. Growth in crop and meat consumption is further expected to boost the global acaricides market over the forecast period of 2016-2026.

Drivers and Restraints

Emerging markets such as Brazil, India and China, with rapidly growing populations and faster economic growth, have steadily increased their meat as well as crop/ grain consumption. The increase in consumption of meat is expected to be major driver for acaricides market growth globally.

The rising demand for dairy products and new developments in crop industry are also among key driving factors for the acaricides market.

However, certain species of ticks and mites have developed resistance to acaricides, which pose certain limitations to acaricides market growth. High raw material cost and various stringent government regulations are also expected to hamper the growth of acaricides market over the forecast period.

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Regional Outlook

Regionally, the acaricides market is segmented into seven key regions namely- North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa and Japan. Emerging economies of Asia Pacific, Latin America and Eastern Europe are expected to represent fastest growth in global acaricides market.

China and India are major consumers of acaricides due to intensive cattle farming. The use of acaricides to the control ticks growth has improved the viability of cattle farming in these countries. In contrast, demand for acaricides in North America, Western Europe, Japan, and South Korea will be moderate due to market maturity and already high use rates.

Market Players

Some of the key players included in this study of global acaricides market are Bayer AG, Syngenta, Monsanto, DuPont, BASF SE, The Dow Chemical Company, Makhteshim, Nufarm, Sumitomo Chemicals and Arysta Lifescience.

Acaricide Market Segmentation

Acaricides market is segmented on the basis of type, application, mode of application and region.

On the basis of type, the acaricides market is segmented into the following segments:

Natural
Arsenicals
Chlorinated  hydrocarbons
Organo-phosphorous compounds
Others

On the basis of application, the acaricides market is segmented into the following segments:

Animal husbandry
Agriculture
Others

On the basis of mode of application, the acaricides market is segmented into the following segments:

Dipping vat
Spray
Spray race or Spray dip machine
Hand dressing
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.

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Boric Acid Market | Future Analysis, Demand by Regions and Opportunities with Challenges by 2032

The global boric acid market is expected to grow from US$840.7 million in 2022 to US$1,409 million in 2022 Year 2032 will grow at a CAGR of 5.3% over the forecast period. Increasing demand for electricity, increased awareness of energy saving techniques and the rapid pace of urbanization are driving the demand for boric acid.

In addition, increasing investment in the glassmaking, cosmetics and construction industries in will be driven by the growing population and purchasing power of emerging economies. Boric acid also known as hydrogen borate, orthoboracic acid, and boracic acid is odorless, white, weak monobasic acid. It has a crystalline structure usually available as a water-soluble powder form.

The global boric acid market is expected to have significant growth rate, attributed to growing energy saving appliances market. Asia-Pacific except Japan has substantial growth in the global boric acid market, attributed to the growing demand for energy due to rapidly growing population in the region, especially in China and India.

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Global Boric Acid Market Dynamics:

The growth of the global boric acid market is driven by growing demand for boric acid in energy saving appliances such as insulation of residential and commercial buildings. Macroeconomic factors such as rising per capita income and employment rate as well as the rapid rate of industrialization driving the global boric acid market.

Growing demand for fiberglass, growing energy needs, rising awareness of energy conservation methods, and rapid rate of urbanization also fueling the demand of global boric acid market. Utilization of boric acid in energy generation from oil trending the global boric acid market.

Some other factors trending the global boric acid market include high demand for electronic devices, glazed ceramics, and LCD televisions. The company providing the boric acid have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy.

The boric acid market also has a significant opportunity in the North America and Western Europe region, attributed to growing construction industry in the region.

Global Boric Acid Market Segmentation:

The global boric acid market is segmented on the basis of end-user, application, distribution channel, and region. On the basis of end-user, the boric acid market is segmented as tiles, ceramic and fiberglass, agriculture, wood preservation, pharmaceuticals, and cosmetics.

Among the end-user segment, manufacturers of ceramic and tiles and fiberglass segment contribute for the significant revenue share over the forecast period in the global boric acid market.

On the basis of application, the global boric acid market is segmented as industrial/commercial and household, wherein industrial/commercial have significant revenue share and are expected to have substantial growth rate. On the basis of a distribution channel, the boric acid market is segmented as wholesale, e-Commerce, and retail shop.

Retail shop segment is further fragmented as hypermarket/supermarket, independent shop, and convenient shop. Among the distribution channel segment, wholesale segment contributes for the significant revenue share over the forecast period in the global boric acid market.

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Global Boric Acid Market Regional Outlook:

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

Among the regions, North America accounts for a significant share of the global boric acid market in terms of value, attributed to rising employment rate and rising disposable income. Western Europe revenue share is followed by North America region in the global boric acid market, whereas the growth of the boric acid market is relatively low than other regions.

The Asia-Pacific except Japan region accounts for significantly high volume share in the global boric acid market with significant growth rate, owing to the rapid growth of construction industry in the region particularly in countries such as India and China. Eastern Europe and Japan also accounts for significant value share in the global boric acid market.

The developing economy such as Middle East Africa and Latin America have a substantial growth in the global boric acid market, owing to the increasing durability, demand for lightweight, strength, higher thermal efficiency, eco-friendly insulation products over the forecast period. Overall, the outlook for the global boric acid market will have a positive growth over the forecast period.

Key Segments Profiled in the Boric Acid Market Survey

By End-User:

Tiles, Ceramic, and Fiberglass Manufacturers
Flame Retardants
Agriculture
Wood Preservation
Pharmaceuticals
Cosmetics

By Application:

Industrial/Commercial
Household

By Distribution Channel:

Wholesale
E-Commerce
Retail Shop
Hypermarket/Supermarket
Independent Shop
Convenient Shop

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Global Boric Acid Market Player:

Few players in the global boric acid market include Borax, Tomiyama Pure Chemical Industries, 3M, Sociedad Industrial Tierra, Avantor Performance Materials, Societa Chimica Larderello (SCL), BASF, Russian Bor, Searles Valley Reserves, Eti Maden, Minera Santa Rita (MSR), Gujarat Boron Derivatives, and Quiborax.

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North America Outbound Medical Tourism Services Market to Achieve A High CAGR Of 25.5% During Forecast Period – 2026

The North America outbound medical tourism services market is anticipated to grow at a CAGR of 25.5% over the course of the forecast period and reach US$ 150.36 Bn by the end of 2026.

According to Future Market Insights, factors such as a large ageing baby boomer population, large uninsured population, and better technology and wider treatment options are expected to drive the revenue growth of the North America outbound medical tourism services market over the forecast period.

Economic factors such as rising rate of health insurance premiums, high cost of medical treatments in the U.S., and parallel tourism with medical treatment are expected to boost the growth of the North America outbound medical tourism services market between 2016 and 2026.

The other factors impacting the North America outbound medical tourism services market are long waiting time for specialist appointments in the U.S. and increasing preference for non-conventional treatment options.

The demand for cosmetic correction procedures and dental treatments has been significantly high in the U.S. market in recent years, making North America the most lucrative regional market for outbound medical tourism services.

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According to the International Society of Aesthetic Plastic Surgery, the U.S. was the largest market for cosmetic procedures in 2015.

Lack of effective follow-up care on returning home, rampant medical malpractices in medical tourism destinations, proliferation of superbugs in medical tourism destinations, problems associated with language barriers, and privacy concerns are some of the challenges anticipated to restrict revenue growth of the North America outbound medical tourism services market over the forecast period.

Segmentation highlights

The North America outbound medical tourism services market is segmented into the following therapeutic applications – Cosmetic Surgery Treatment, Dental Treatment, Cardiovascular Treatment, Orthopaedic Treatment, Cancer Treatment, Fertility Treatment, Weight Loss Treatment, Spinal Surgery Treatment, Neurology Treatment, and Other General Treatment.

The Cosmetic Surgery Treatment segment is estimated to be valued at US$ 3,760.9 Mn by 2016 end
The Cancer Treatment segment is anticipated to register a CAGR of 22.0% over the forecast period
The Orthopaedic Treatment segment is estimated to create absolute $ opportunity of US$ 1,658.9 Mn in 2017 over 2016

Regional forecast

The North America outbound medical tourism services market is segmented into the two top countries of U.S and Canada. U.S. is projected to occupy a major share in the North America outbound medical tourism services market in terms of value.

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The U.S market is anticipated to be valued at US$ 14.98 Bn by the end of 2016. In terms of value, U.S. is expected to be the dominant regional market by 2026 end and is expected to register a CAGR of 25.7% over the forecast period.

Canada is expected to have comparatively less market potential for outbound medical tourism services, registering a CAGR of 18.1% over the forecast period.

Vendor insights

The report profiles some of the top companies operating in the North America outbound medical tourism services market.

Leading market players featured in the report are Apollo Hospital Enterprise Limited, Bumrungrad International Hospital, KPJ Healthcare Berhad, Christus Muguerza Hospital, WorldMed Assist, Mednamaste, and Global Medical Tourism Inc.

Major market players are adopting strategies such as market expansion and strategic alliances to maintain their market share.

Some of these companies are also adopting strategies such as backward integration to support their core business of medical tourism.

Companies are offering services such as insurance and financing for medical tourism and are looking to expand their global footprint by enhancing their foreign customer base.

Market segmentation

By Therapeutic Application

Cosmetic Surgery Treatment
Dental Treatment
Cardiovascular Treatment
Orthopaedic Treatment
Cancer Treatment
Fertility Treatment
Weight Loss Treatment
Spinal Surgery Treatment
Neurology Treatment
Other General Treatment

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Cold Insulation Market | Present Scenario, Growth Prospects and Competition Analysis by 2032

The Global Cold Insulation Market is expected to be valued at $6,835.6 million in 2022, forecasts annual growth of 8.1% worth $14,894.8 million from 2022 to 2032 . The growth is attributed to increased demand in the oil and gas industry. Between 2016 and 2021, the thermal insulation market recorded a CAGR of 5.6%.

A technology implemented in industrial operations that are aimed at mitigating the loss of energy across various infrastructures and improving their energy efficiency is referred to as cold insulation. With the increasing growth of industrialization, especially in the HVAC sector as well as refrigeration sector, the demand for various types of cold insulation materials is increasing.

Leading players in the cold insulation market are aiming to introduce versatile materials including polystyrene foam, fiberglass, phenolic foam, and polyurethane foam, in order to meet the specific needs of a wide range of end users, and gain an edge in the global landscape.

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Oil & Gas Industry to Trigger Environment-friendly Cold Insulation Materials

The global oil & gas industry is among the biggest consumers of cold insulation materials, mainly due to the burgeoning use of cryogenic insulation equipment in a majority of industrial applications.

Oil & gas end users are bolstering the use of efficient cold insulation materials in cryogenic operations in which very low temperatures need to be maintained while mitigating the loss of energy. This is one of the most prominent factors that are likely to influence growth dynamics of the global cold insulation market

On the other hand, the awareness about the harmful environmental impact of oil & gas industrial activities as well as cold insulation materials is encouraging oil & gas industry players to switch environment-friendly alternatives to traditional cold insulation materials.

The growing use of various cryogenic gases including Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG), is further triggering the demand for cold insulation materials with low carbon footprint, and this will further improve the sales potential in the global market.

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Cold Insulation Market: Region-wise Analysis

Geographically, the global cold insulation market is divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

A mounting number of stakeholders in the global market for cold insulation are witnessing lucrative opportunities in North America, as the region is a leading consumer of advanced materials that are commonly used to improve the efficiency of operations and enable end users to gain better control over all those processes.

The region is also exhibiting a high level of demand for innovative materials that can minimize the impact of various industrial activities on the environment, and this is among the primary factors that will continue to create new opportunities for stakeholders in the North America cold insulation market.

Apart from North America, developing countries in the Asia Pacific region, especially China, are accounting for a substantial share in the global consumption of cold insulation, owing to the rise of industrialization. Constantly bolstering investments in the manufacturing and construction industries in the region are continually contributing to the increasing demand in the region.

In the Middle East & Africa, developing countries such as Nigeria, Kenya, and South Africa are expected to witness the implementation of strict energy efficiency regulations, and this is expected to push the growth of the cold insulation market in the region. In addition, increasing development of infrastructure will further drive growth of the cold insulation market in the region.

Cold Insulation Market: Segment Analysis

The cold insulation market can be segmented on the basis of the following:

By Type

Polystyrene Foam
Fiberglass
Phenolic Foam
Polyurethane Foam
Others

By Application

Oil & Gas
HVAC
Refrigeration
Chemicals
Others

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Report Highlights

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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Braze Alloys Market | Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

The valuation of the Braze Alloys Market in 2022 is US$2,678.9 million. It is expected to grow at a CAGR of 4.3% during the forecast period, with the market expected to reach a valuation of US$4,081.3 million in 2032. Increasing adoption of recycling processes to promote sustainability, growth of the automotive sector and several other factors could increase sales of brazing alloys over the forecast period.

The global braze alloys market is witnessing an upsurge in recycling processes as manufacturers are innovating novel approaches for cost-effective manufacturing of braze alloys. Leading players in the global aluminum industry are also banking on innovative approaches for development, identification, and implementation of economical solutions to optimize the benefits of aluminum recycling.

Further, market players are focusing on automating and optimizing processes through pre-sorting, shredding, and separation methods that help recycled braze alloys to achieve favorable characteristics.

Global Braze Alloys Market – Growth Drivers

Braze alloys are witnessing significant demand from the automotive industry, where in they are used in condenser and evaporator connections for air-conditioning systems, fuel injection pipes, and brake linings.

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The end-use industry has been striving to develop lightweight automotive components. Copper and aluminum based braze alloys are light in weight and offers superior performance. Moreover, adoption of braze alloys would surge in the coming years, given considerable investments in automobile production in developing regions.

Moving ahead, braze alloys are also finding huge application in aerospace industry, as they are crucial in manufacturing of aircraft components that are highly resistant against high temperature and pressure, and corrosion.

Furthermore, rise in usage of recycled aluminum metal-based braze alloys in aerospace industry will provide lucrative opportunities for market players.

Global Braze Alloys Market – Growth Restraints

Fluctuating prices of raw materials, used in manufacturing of braze alloys, are a major concern for market players. Inadequate capacity and slumping manufacturing activities are disturbing the supply chain of braze alloys market.

Copper is the base metal in the production of copper-based alloys. As such, volatilities in process of manufacturing copper-based braze alloys is projected to have adverse impact on market growth.

Impact of COVID-19 on Global Braze Alloys Market

The COVID-19 pandemic is severely affecting the revenue pool of braze alloys market. Interruption in manufacturing process of automobiles in APAC and Europe has significantly reduced the demand for braze alloys. Industries are not focusing upon new launches of vehicles, rather they are concentrating on sales of previously manufactured vehicles.

Going forward, reduced flight operations have halted the manufacturing of aircrafts. As such, continual need of maintenance have decreased amidst the COVID-19 pandemic.

China is the largest producer of raw material for braze alloys. Due to the second wave of pandemic, government has imposed lockdowns and slowed down international transportation. This, in turn, is putting strain on net profit of manufacturers.

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Global Braze Alloys Market – Regional Analysis

Asia Pacific (APAC) would remain in the vanguard of the global braze alloys market both in terms of revenue share and CAGR. Rapid growth of end-use industries such as aerospace, automotive, and construction is majorly molding the regional market.

Moreover, governments are playing a crucial role by scaling up their investments in infrastructure development projects, especially in countries – China, Japan, and India. While APAC’s market has been making significant strides, the braze alloys market in North America is also offering relevant revenue creation prospects.

Represented by the US, North America accounts for around half of the global aerospace industry revenue.

Global Braze Alloys Market – Competitive Landscape

The global braze alloys market is fairly consolidated comprising limited number of players. These market leaders are innovating new approaches for manufacturing braze alloys to maintain sustainability.

Manufacturers are adopting artificial intelligence (AI), for pre-sorting, shredding, and separation of metals. Further, strategic activities such as acquisitions and capacity expansions are shaping the competitive landscape.

Key players in global braze alloy market includes,

Johnson Matthey Plc.
Morgan Advanced Materials plc.
Lucas-Milhaupt, Inc.
Oerlikon Metco
Umicore N.V.
Bellman-Melcor LLC
Harimatec Czech
s.r.o.
Indian Solder
Braze Alloys
VBC Group.

Global Braze Alloys Market – Segmentation

The global braze alloys market is segmented on the basis of following,

By Product Type

Copper
Gold
Silver
Aluminum
Others

By Application

Automotive
Electronics
Aerospace
Others

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Report Highlights

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Monochlorobenzene Market is Anticipated to Touch a Value of Nearly US$ 2,592.6 Million in the Year 2032

The global monochlorobenzene market is expected to reach a valuation of US$ 2,592.6 Mn by 2032, with the market expanding at a dormant CAGR of 3.3% from 2022 to 2032. Valued at US$ 1,813.98 Mn in 2021, the monochlorobenzene market will likely reach an estimated US$ 1,873.9 Mn in 2022.

The escalating application of monochlorobenzene in different end-use industries drives the market growth of the same. More than half of all monochlorobenzenes are utilized in the production of nitrochlorobenzenes which, in turn, is used to produce pigment intermediates, dye, pesticides, rubber processing chemicals, organic intermediates and pharmaceuticals among others.

This, along with other monochlorobenzene subcategories propel the growth of the target market during the forecast period. An aromatic organic compound with the chemical formula C6H5Cl is referred to as monochlorobenzene . A colorless, flammable liquid, monochlorobenzene acts as a typical solvent for use as an intermediate in the manufacture of other chemicals.

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These compounds are mainly used as a medium in the production and synthesis of pesticides and a variety of other chemicals. Monochlorobenzenes are, thus, largely used in manufacture of different pesticides, insecticides, deodorizers, degreasers, fumigants and herbicides among others.

The major growth driver for the monochlorobenzene market is the product’s diverse applications such as nitrochlorobenzene, sulfone polymers, diphenol ether and phenylphenols, and solvents are driving the growth of the market.

Again, nitrochlorobenzenes are, in turn, used as intermediates in the manufacture of rubber chemicals, agricultural chemicals, antioxidants, dyes and pigments. In this manner, nitrochlorobenzenes segment comprises the major application of monochlorobenzene. Thus, varied application of monochlorobenzene acts as its key growth driver.

Moreover, monochlorobenzene is used as s a solvent in processes to create rubber products, pesticides, pharmaceuticals, and resins. Hence, the year-by-year expansion of the pharmaceutical and pesticide industries augments the demand for the monochlorobenzenes market. Heightened demand for the target product from the chemical industry, and the personal care sector boosts the overall growth of the monochlorobenzene market during the forecast period.

“Rising emphasis on personal care and grooming is expanding the personal care industry, which in turn, drives the global growth of the monochlorobenzene market over the forecast period,” says an FMI analyst.

Key Takeaways:

Availability of substitutes and the growing concern for the environment may impede market growth.
North America will account for 20.8% of the market share by the end of 2022.
In 2022, Europe will hold about 17.2% of the total market share.
Rising demand will the chemical industry will propel the growth of the Nitrochlorobenzene segment.
Asia Pacific is the fastest growing market for monochlorobenzene.
China is driving the target market growth in the Asia Pacific region.

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Competitive Landscape

Arkema SA, Henan Kaipu Chemical Co., Ltd., Bayer AG, PPG Industries, Inc., Jinhua, Chemical (Group) Corporation, Nanjing Chemical Industry Co.Ltd, Solutia, Inc., and Tianjin Bohai Chemical Co. Ltd., among others are some of the major players in the monochlorobenzene market profiled in the full version of the report.

Leading market players are focusing on product development and creating unique formulations to cater to the growing demand.

More Insights into Monochlorobenzene Market Report

In its latest report, FMI offers an unbiased analysis of the global monochlorobenzene market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (p-Dichlorobenzene, o-Dichlorobenzene, m-Dichlorobenzene, Tetrachlorobenzenes, Nitrochlorobenzene, Trichlorobenzenes, Hexachlorobenzene, others), and region.

According to the latest FMI reports, based on segmentation, the Nitrochlorobenzene segment will account for a major share of the overall market in 2022 and will continue this steady growth during the forecast period. In terms of end-use, the chemical use segment will drive the demand for Nitrochlorobenzene during 2022-2032.

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Based on region, the monochlorobenzene market in North America will present substantial growth by accounting for 20.8% of the overall market share in 2022. The establishment of specialty chemical manufacturing industries coupled with rising demand for the target product in the chemical sector will propel the market growth in this region during the forecast period. Europe and Asia Pacific will also present lucrative opportunities to the monochlorobenzene market through 2032.

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