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FMI presents an in-depth analysis and key insights on the global colloidal metal particles market in its latest market study titled ‘Colloidal Metal Particles Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’.

The long-term outlook on the global colloidal metal particles market remains positive with the market valued at US$ 20.2 Bn by 2022 end and expected to reach US$ 32.3 Bn by 2028 end. The global colloidal metal particles market is estimated to expand at a growth rate of 8.1%, through the forecast period.

Among the product type segments, the titanium oxide colloidal metal particles segment is expected to account for a large volume proportion of the market while the gold colloidal metal particles segment, given its high price, is expected to account for a noteworthy value proportion in the in the colloidal metal particles market during the forecast period.

From a regional viewpoint, China is anticipated to hold a sizeable proportion of the market throughout the forecast period, witnessing 7.6% growth between 2022 and 2028. In its latest offering, FMI shares key insights on drivers, restraints and trends likely to impact the colloidal metal particles market during this period.

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Rising Use of Colloidal Metal Particles as Catalysts to Propel the Growth of Global Colloidal Metal Particles Market

Future Market Insights suggests that the global colloidal metal particles market is estimated to register robust growth throughout the forecast period, prominently due to its rising applications as a catalyst. The chemical industry has been making a shift towards nano scaled catalysts, a move that will prove to be beneficial for the colloidal metal particles market.

The enhanced surface area per particle escalates the efficiency of the catalyst, an important factor responsible for increasing the demand for colloidal metal particles within the chemical industry. Colloidal metal particles are also being increasingly used in dietary supplements, either directly or in combination with other ingredients.

For instance, copper colloid metal particles are increasingly being used to enhance the human body’s ability to absorb iron particles. Similarly, silver colloidal metal particles are proven to be effective in treating skin conditions, such as acne and chickenpox.

They are also effective against various infections. Growing market for dietary supplements, as a whole, is anticipated to have an optimistic impact on the colloidal metal particles market.

However, the issue of toxicity has put forth several legislative barriers in the development of the colloidal metal particles market. Some studies have also shown that uncontrolled use of such particles contaminates the environment and hence, country level regulations have been passed to monitor the consumption of the aforementioned colloidal metal particles, among others.

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Colloidal Metal Particles Market by Category

Product Type :

• Aluminium Oxide
• Silver
• Gold
• Zinc
• Copper
• Platinum
• Iridium
• Silicon
• Iron Oxide
• Titanium Oxide
• Palladium
• Others (Manganese, Cerium, Indium, Tin)

Application :

• Catalysis & Photocatalysis
• Adsorbent
• Drug Delivery
• Dietary Supplements

Global Colloidal Metal Particles Market Segmentation Analysis

The Colloidal Metal Particles market has been categorised on application basis into catalysis & photocatalysis, adsorbent, drug delivery and dietary supplements.

• On application basis, the catalysis & photocatalysis segment is forecast to retain leading position in the colloidal metal particles market in terms of both consumption as well as revenue generation
• The dietary supplement segment is projected to grow at a robust CAGR during the forecast period. Its market value is expected to grow and become over 2.2X between 2022 and 2028

Global Colloidal Metal Particles Market Regional Forecast

Regionally, China alone accounts for a prominent proportion of the global colloidal metal particles market, positioning itself with the likes of multi-country regions, such as North America and Western Europe. Accounting for well over 22% of the revenue proportion in the total colloidal metal particles market, China is anticipated to register significant CAGR during the forecast period.

The overall Colloidal Metal Particles market is expected to grow at a CAGR of 8.1% while regions, such as Western Europe, Eastern Europe, and countries, such as India and Japan, are expected to grow at a moderately higher pace owing to rising demand in these regions.

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Global Colloidal Metal Particles Market Competition Landscape

The report highlights some of the top companies operating in the global Colloidal Metal Particles market, including Nouryon BV, Purest Colloids, Inc., Tanaka Holdings Co., Ltd., Evonik Industries AG, IMRA America, Inc, W. R. Grace & Co., SunForce Health & Organics Inc. and BBI Solutions, among others.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Industrial Battery Chargers Market By Category

Technology :

• High Frequency Chargers/Switch Mode Based
• SCR (Silicon Controlled Rectifier)/ Thyristor Based
• Ferroresonant
• Hybrid (SCR + Ferroresonant).

Battery Rated Voltage :

• Up to 24V
• 48V
• 60V
• 110V
• Above 110V

Output Charging Current :

• 15A-50A
• 51A-150A
• 151A-250A
• 251A-500A
• Above 500A

Battery Type :

• SLA Batteries
• NiCd Batteries
• Plante Batteries
• Lithium Batteries

Configuration :

• FC & BC (Float and Boost)
• FC & FCBC (Float and Float cum Boost)
• Dual FCBC (Dual Float cum Boost)
• FCBC (Float cum Boost)

End-Use Sector :

• Railways
• Energy and Power
• Mining
• Manufacturing
• IT and Data Centers
• Marine
• Telecommunications
• Infrastructure
• Oil & Gas

Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Middle East & Africa
• Japan

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Global sales of gum rosin were valued at 757.9 KT in 2018 and are estimated to grow at an impressive rate in 2019, as per the latest research study by FMI. Incessant demand for bio-based materials from multiple end-use industries is among the key factors fuelling investments in gum rosins.

As per the FMI analysis, broader factors, such as resurgence in economies and increasing disposable income, have levied pressure on multiple end-use industries for boosting their production capabilities with no compromise in terms of quality.

Ever-evolving demand for high-performance intermediates, including adhesives, coatings, and rubber, from multiple industrial verticals is accelerating the growth of gum rosin market.

Multifarious benefits and low price fluctuations are boosting the adoption of bio-based materials, including gum rosins. This, in turn, is likely to create favorable grounds for growth of gum rosin market during the forecast timeline.

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According to the FMI research study, manufacturers are eyeing emerging economies brimming with opportunities for gum rosins on account of hefty investments in the production of pine chemicals.

Moreover, in Asian & African countries, the process of extraction and distillation of pine chemicals is relatively economical, creating profit-making opportunities for the manufacturers of gum rosins. According to the FMI analysis, end-users will prefer WW grade of gum rosins over other types, with global sales estimated to surpass 300 KT in 2019.

High consumer propensity for WW grade of gum rosins can be attributed to its superlative quality and workability in case of core applications such as synthetic rubber and adhesives. WG grade is likely to trail the former on account of surging demand for binding materials of superior quality.

The report finds that demand for gum rosins will continue to remain buoyant in printing ink and adhesive applications, with global sales collectively exceeding 400 KT collectively in 2019. The demand for gum rosins as a base material in case of printing inks and adhesives remains unabated, driving revenue growth of the gum rosin market.

The demand for gum rosins in paints & coatings is foreseen to significantly take off and not likely to slow down anytime soon, finds the report. The manufacturers of gum rosins are focusing on novel production technologies facilitating higher production yields of optimal quality while curbing the environmental footprint.

Subsequently, manufacturers operating in the gum rosin market are resorting to advanced analytical processes, such as gas chromatography and mass spectrometry, for production of high-quality gum rosins.

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East Asia will retain its lucrativeness for the manufactures of gum rosins, with China spearheading demand. China has been a key producer as well as consumer of gum rosins, driven by incessant growth of application-based industries in the region, such as printing inks, synthetic rubber, adhesives, and paper sizing.

Large gum rosin manufacturing bases across countries such as Indonesia, China, and Brazil are participating in high-volume exports to other countries, which is a key aspect assisting expansion of gum rosin market in these regions.

As per the FMI study, notable R&D investments are being made by leading participants of the gum rosin market for achieving high production volumes and enhanced ROI benefits. Multiple research activities and initiatives are underway for introducing genetic modifications in the pine trees.

Which would enable increased flow of resins in the trees. Such innovative and advanced approaches are anticipated to fuel seamless production of high quality gum rosins, projecting an optimistic outlook for gum rosin market over the forecast timeline.

Gum Rosin Market: Segmentation

Product Type

• WW
• WG
• N
• X
• Others

Application

• Paper
• Paints & Coatings
• Soap
• Printing Ink
• Adhesives
• Rubber
• Others

Growing Demand from Adhesives Application to Boost Market Growth

In adhesives, Gum Rosin is used as a raw material to enhance softness, strength and adhesion of adhesives. Adhesives are used in the manufacturing of furniture and rubber boots as well as in bookbinding and packaging industries.

Growing demand for furniture and growing rubber industry are important factors that will drive the growth of adhesives market in the years to come, which in turn, will indirectly positively impact the global Gum Rosin market. Additionally, the packaging industry is expected to witness healthy growth in future, which may increase the demand for adhesives in the global market.

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The adhesives market is continuously growing at a significant rate and the demand for natural ingredients based adhesives is expected to increase further in near future. This will further push the growth of the Gum Rosin market during the forecast period.

The adhesives segment will drive the global Gum Rosin market and is projected to create absolute dollar opportunity worth US$ 249.2 Mn during the forecast period

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Noteworthy increase in the fleet size and a consistently swelling vehicle park point to the surging need for high quality car wash detergents and soaps. Looking at the considerably soaring per capita expenditure on car care and servicing, it is more likely that car care products such as car wash detergents and soaps would witness impressive demand over the course of next few years.

Recent innovations such as bio-based car wash detergents and soaps has been creating an impactful trend shaping product innovation strategies of manufacturers of car wash detergents and soaps. A recent intelligence released by Future Market Insights evaluates the current and prospective outlook of the performance of global car wash detergents and soaps landscape.

In the report, FMI forecasts over 5% yearly growth in sales of car wash detergents and soaps.Accounting for more than 35% of the total consumption of car wash detergents and soaps, pre-soaks remain the most favoured choice of car owners.

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Moreover, as indicated by the key insights drawn from research, domestic players remain the major shareholders in global landscape of car wash detergents and soaps, according to the study.

Convenient application and relatively affordable price point continue to influence sales potential of liquid car wash detergents and soaps, whereas the report projects strong demand growth for foam based car wash detergents and soaps that deliver a superior quality finish to cars post wash, in the near future.

On the flipside, despite associated with a high price point, car wash detergents and soaps in gel form are poised to experience steadily growing sales attributed to their enduring post wash effect on cars.

A majority of North American consumers prefers professional car wash services. European regulations on the other side prohibit consumers from in-house car washing, in the backdrop of increasing concerns regarding inadequate water availability.

While this underscores the strong impact of factors encouraging sales of car wash detergents and soaps in North America and Europe, the report also positions developing economies to emerge more lucrative for investors in coming years.

Analysis of emerging regions indicates the significantly growing inclination of consumers to purchase cars, and spend more in car care and maintenance. A visible shift to luxury cars, subsequently directing a paradigm shift from DIY car wash to professional car wash services, is cited as an important trend diving consumption of car wash detergents and soaps in developing economies across Asia Pacific, Latin America, and Middle East & Africa.

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On the other side, expanding online availability of a wide range of car wash detergents, soaps, and other car cleaning products will reportedly continue to lure car owners who still prefer in-house car cleaning.

The flourishing automotive aftermarket is also projected to remain one of the key boosters for expansion of car wash detergents and soaps market in developing regions. 3M Company, Kao Corporation, Turtle Wax Inc., and Spectrum Brands Holdings Inc. constitute some of the prominent companies operating in the global car wash detergents and soaps market.

Besides the aforementioned brands, the report covers a few other established players active in the car care and car wash space, emphasizing exclusive insights on their financial and strategic developmental profiles.

Market Segmentation

Product Type

• Presoaks
• Foam Detergents
• Drying Agents
• Triple Foams
• Surface Protectants
• Wheel Cleaners
• Shampoo

Form

• Liquid
• Gel
• Foam Based

By Sales

• Department Stores
• Supermarkets & Hypermarkets
• Online Retailing
• Franchise Outlet
• Automotive Parts Outlet

While the market structure analysis reveals that up to 35% revenue share in the global market belongs to leading companies, a major portion of the market value is accounted by a large number of domestic players that are strategizing on product innovation and competitive pricing. Novel formulations based on natural raw materials such as vegetable oils and naturally sourced solvents will reportedly continue to capture R&D interests of manufacturers.

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Established brands continue to invest in strategic acquisitions and collaborations involving regional leaders, says research. Long-term contractual partnerships with domestic/regional players are likely to assure sustained demand in the long run, for global leaders investing efforts in specific regional market penetration.

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The global inflatable tents market demand has forecast to register year-on-year growth of 7.6%, reaching a value of about US$ 969 Mn by the end of 2022.

Preliminarily driven by military and commercial applications, inflatable tents are witnessing healthy sales in recent years. At an estimated 7.5% year on year revenue growth in 2019, the market for inflatable tents is likely to exceed US$ 750 Mn.

According to a newly released intelligence study by Future Market Insights, a majority of the growth of inflatable tents landscape will remain concentrated in developed markets – especially in the US and Western Europe. However, inflatable tents landscape is on the verge of discovering a promising growth scenario within Asia Pacific in the coming years, as indicated by the report.

Growing consumption as a solvent continues to primarily drive the revenue growth of mixed xylene market worldwide. Slated at robust yearly revenue growth in 2022 and ahead, the global mixed xylene landscape is also likely to witness consistently soaring consumption of paraxylene by PET manufacturers.

Towards 2022, the global revenue of mixed xylene market is projected to surpass the valuation of US$ 197 billion, forecasts a new research study on the global market for mixed xylene, by Future Market Insights.

“Fostering PET, polyester fiber, and polyester film manufacturing is constantly creating investment opportunities for mixed xylene manufacturing companies, thereby pushing the revenue growth of mixed xylene landscape,” says a senior market research analyst at the company.

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Chemicals, Petrochemicals, & Paints Record Notable Mixed Xylene Consumption

• Extensively used as a thinner, especially by inks and paints manufacturers, mixed xylene finds wide applicability across the chemicals industry as a base material for manufacturing.
• Mixed xylene is also widely consumed for elevating the octane rating of gasoline and other fuels with an objective to improve fuel and engine performance.
• Owing to voluminous paraxylene consumption, the chemicals industry remains a prime consumer of mixed xylene market over the coming years, according to the report.
• Other prominent end-use industries registering sizeable mixed xylene consumption include gasoline, paints & coatings, pesticides, rubber, leather, and printing.
• The report covers a range of end-use industries and sectors recording variable mixed xylene consumption patterns as per the applications associated with them.
• Consumption of mixed xylene as a raw material contributes the maximum revenue share compared to all other application areas.

The analysis of mixed xylene landscape based on grade reveals that the isomer-grade variant continues to dominate in terms of both revenue and consumption volume, accounting for over 80% value share in mixed xylene market. However, yearly revenue growth of solvent grade mixed xylene is projected to observe a decline post 2020, according to the report.

Flourishing Polyester Production Upholds Chinese Market

• The global hub for production as well as consumption of mixed xylene, China is projected to remain the high growth-high value regional market for mixed xylene over the coming years.
• With around a fourth of the global market value, China continues to dominate other regional markets competing in the mixed xylene landscape.
• Bolstering polyester production across Chinese industries is identified to be primarily responsible for swelling mixed xylene consumption across the region, as indicated by the report.
• Besides being a major polyester products export hub, the Chinese market also boasts of an established and productive distribution network, which is another strong factor pushing the growth of mixed xylene market in China.
• The report indicates that the towering consumption of aromatic hydrocarbons across industries would further create a heap of untapped opportunities in China, over coming years.

The FMI analyst says, “Following China, the report also positions Asia Pacific (excluding Japan) as a highly lucrative regional territory, creating attractive untapped applications areas for manufacturers”.

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Production Expansion Rules Strategic Minds of Manufacturers

In the report, FMI covers extensive strategic profiles of some of the key manufacturers active in the mixed xylene landscape, which points to strategic M&A and collaborations governing the competitive nature of mixed xylene marketplace.

In a moderately fragmented global landscape of mixed xylene market, the leading 12 players collectively cover 20-25% share of the total revenue. This highlights that each one of them holds a single digit market value share at present.

Manufacturing capacity expansion is currently the primary strategy of key companies in global mixed xylene space. As of the past year, the Asia Pacific mixed xylene market has witnessed notable production capacity expansion efforts by prominent market players. Companies in addition to expanding existing manufacturing plants are emphasizing new plant start-ups, pushing the prospects of mixed xylene market.

• Tonen General recently commenced the commercial sale of isomer-grade mixed xylene at the company’s Ichihara-based recovery unit in Japan.
• Showa Shell also launched a high-capacity TDP unit for an isomer-grade xylene template.
• CNOOC Huayue also announced the launch of their new high capacity aromatics unit for mixed xylene production.
• Hyundai Oilbank and Lotte Chemical Corp jointly formed a new isomer-grade xylene facility of 1m tonne/year capacity.

Key Segments of Mixed Xylene Industry Survey

By Grade:

• Isomer Grade Mixed Xylene
• Solvent Grade Mixed Xylene

By Application:

• Fuel Blending
• Solvents
• Thinners
• Raw Materials

By End Use:

• Mixed Xylene for Paints & Coatings
• Mixed Xylene for Pesticides
• Mixed Xylene for Chemicals
• Mixed Xylene for Gasoline
• Mixed Xylene for Printing, Rubber & Leather

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Key Companies Profiled

Some of the prominent players profiled in the report include Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd., Lotte Chemical Corporation, Total S.A., China Petroleum & Chemical Corporation, China National Petroleum Corporation, GS Caltex Corporation, Chevron Phillips Chemical Company LLC, Royal Dutch Shell plc, YPF Sociedad Anónima, Flint Hills Resources, LLC, and SK Global Chemical Co., Ltd.

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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 6-years.

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The hinged door type segment is expected to expand at a relatively higher CAGR. Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 9.03% from 2022 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the glass door merchandiser market review during this period.

It is expected to reach US$ 13,557.9 Mn by 2028 end while growing at a value CAGR of 7.3%. Among the segments by configuration, the self-contained glass door segment is expected to account for the lion’s share in terms of value and volume over the forecast period.

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Global Glass Door Merchandiser Market: Dynamics

Market insights suggest that the global glass door merchandiser market will witness high growth during the forecast period, which can be attributed to the growing economies, urbanisation, increasing standard of living of people and infrastructural developments taking place in the region. Growing food and beverages consumption and growing focus being put on marketing and promotion of products to attract the customers are the two factors pushing the market for glass door merchandisers.

Growing demand of food and beverages product displays for promoting and marketing food and beverages products to attract customers will further add to this demand. The need for higher output with fewer resources is driving the development of new technologies, especially in the retail industry.

The use of glass door merchandiser products increases the food and beverage selling capacity of retailers. Economic growth, increasing standard of living of people and urbanisation in developing countries, such as India, China and Asia Pacific region, will boost the demand in the global glass door market.

However, increase in raw material prices will be a major restraint for the global glass door merchandiser market. Major global players are partnering with various companies and distributors to sell their products and to increase their footprint in the global glass door merchandiser market. Technology advancements and research and development activities will create new opportunities for the major players in the global glass door merchandiser market.

Global Glass Door Merchandiser Market: Segments

The glass door merchandiser market has been segmented on the basis of application into retail outlet, commercial complexes and commercial kitchens. On the basis of application, the retail segment is anticipated to dominate the glass door merchandiser market in terms of value and volume over the forecast period. The retail segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 4622846 Mn between 2022 and 2028 in the global glass door merchandiser market.

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Global Glass Door Merchandiser Market: Regional Outlook

Regionally, Asia Pacific accounted for over 49% of the global glass door merchandiser market value while North America accounted for the second largest share in the global glass door market in the forecast period form 2022-2028. China, India and SEAP are projected to be the fastest growing regions with a CAGR of 9% during the forecast period. Large population base, growing economies, urbanisation, improving standard of living and infrastructural developments are some of the important factors driving the demand in the glass door merchandiser market.

Global Glass Door Merchandiser Market: Key Participants

The report highlights some of the top companies operating in the global glass door merchandiser market including Traulsen, Tuobo Air Inc, Arneg Group, Everest, Liebherr, UAB Feror LT, True manufacturing Co.Inc, Migali industries, Anthony Inc and Hussmann Corporation.

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While FMI in a recent intelligence report on cold flow improver market scenario offers an exhaustive market value and volume-wise evaluation through 2027, it thoroughly examines the regional and competitive outlook of the cold flow improver landscape for deeper yet precise insights.

At an estimated year on year revenue growth of 4.6%, cold flow improver is likely to reach over a billion-dollar revenue in 2018, according to a new study presented by Future Market Insights. In terms of volume, the global cold flow improver consumption is slated to cross 300,000 tons towards the end of 2018.

Although Europe remains the largest regional market for cold flow improver, supposedly recording the consumption of more than 116,000 tons by the end of 2018, research estimates that North America in terms of value will demonstrate a higher year on year growth of over 5% each year post 2018.

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Over US$ 290 Million Projected for Europe’s Automotive Sector in 2018

Automotive, the leading end user of cold flow improver, is likely to reach the revenue in excess of US$ 260 Mn in 2018. Escalating global automotive production and sales is subsequently translating into the growing demand for lubricant additives, and thereby expanding sales of cold flow improvers.

“With growing consumer inclination towards premium quality lubricant additives for enhanced engine performance, it is more likely that the sales of cold flow improvers will sustain over coming years,” says a senior market research analyst at FMI. Europe’s share in the automotive segment will remain around 40% over the next few years, signifying its position in the cold flow improver landscape at a global level.

Polyacrylate Continues to Register Highest Consumption over Other Types of Cold Flow Improver

With more than 31% share of the current revenue contribution by the product type category, polyacrylate (PA) remains the top selling product type, as indicated by the report. The total PA consumption volume in Europe alone will reach beyond 38,000 tons in 2018, followed by that in North America presumably approaching 30,000 tons the same year.

China Positions itself as an Attractive Territory for Cold Flow Improver Suppliers

With the drastically expanding fleet size and the net vehicle park, China, the global automotive manufacturing hub, is projecting itself as a highly lucrative regional market for automotive and cold flow improver manufacturers. Another strong factors encouraging Chinese market growth include elevating aviation traffic and a tremendously thriving economic scene.

Besides the automotive industry, the fleet size of airline owners in China is demonstrating exceptional growth owing to the most favored low-cost business model. While this scenario is directly impacting a wide range of markets related to aircraft fuel and lubricant additives, cold flow improvers remain one of the top beneficiaries.

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Cold Flow Improvers Market Segmentation

Product Type

• Polyacrylate
• Polyalkyl Methacrylates
• Polyalkyl Methacrylates
• Ethylene Vinyl Acetate
• Others

By End Use

• Automotive
• Aerospace
• Industrial

Regional Players Make up for 40-45% of the Cold Flow Improver Market Revenue

The global cold flow improver landscape is moderately consolidated, with a large number of Tier 3 players holding a collective market value share within the range of 40-45%. “Following Tier 3 companies are the Tier 1 market leaders accounting for a 30-35% share of the total market revenue,” reports the FMI analyst. 

While larger players have moderately strong global presence, Tier 3 companies that include a large number of regional and local players have strong regional presence, owing to which the latter account for a considerably larger market value in the cold flow improver landscape.

To cater to evolving regional demands more efficiently, cold flow improver manufacturers are opting for strategic M&A, in addition to joint ventures. The report points to a growing tendency of leading players in cold flow improver landscape to prioritize production capacity expansion.

The market is thus witnessing expansion of existing production plants in high demand regions, as well as establishment of new manufacturing plants in high potential regions, in coming years. “Companies are also observed to be taking exclusive efforts towards exploring diverse applications of customized cold flow improvers,” says the analyst.

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How Significant is the ‘Bio-based’ Trend in Driving the Production Facility Expansion Strategy?

In a bid to modulate the environmental footprint, a majority of cold flow improver manufacturers are following a trend of using bio-based raw materials. “While adoption of sustainable raw materials such as vegetable oils helps them effectively slash the level of adverse environmental impact, it is more likely to receive additional benefits in terms of cost and performance. Lubricant manufacturers are thus planning production capacity expansion with sustainable raw materials in order to cater to soaring consumer demand,” the FMI analyst explains this trend further. The trend is likely to push capacity expansion efforts of leading manufacturers, driving revenue growth of cold flow improver landscape globally.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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Tier-1 companies in coal tar manufacturing represent 60-70% share of the total market revenue. With massive coal tar distillation capacities across the globe, these players in coal tar pitch landscape maintain their focus on both, standard grade and special grade coal tar pitch (CTP) production.

Tier 2 players have a strong presence over restricted regions, whereas that of Tier 3 competitors is limited to regional sales. Standard grade coal tar pitch is the key focus area for the latter two, according to Future Market Insight’s study on the global coal tar pitch landscape.

“Production facility expansion, strategic acquisitions, and CTP product innovation will remain the key developmental strategies trending among leading players,” says a senior research analyst at FMI.

The analyst adds further, “Massive Aluminum demand from automotive and transportation sectors has been pushing the Aluminum production levels 4-5% (yearly) since the recent past. Growing demand for lightweight vehicles is among the most impactful factors driving the consumption of Aluminum, subsequently contributing to sales of coal tar pitch”.

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Long-term Contractual Partnerships & Backward Integrated Supply Rule Strategic Minds of Coal Tar Pitch Manufacturers

While manufacturers of coal tar pitch are preferring long-term supply contracts with leading coal tar manufacturers, FMI has also identified these players entering strategic partnerships with steel manufacturers, where coal tar is often the byproduct of coke processing ovens.

A few other activities that make this landscape dynamic include long-term contracts between manufacturers of coal tar pitch and those of primary aluminum and graphite electrode, with a sole objective to sustain the coal tar pitch supply to end markets.

Aluminum Grade CTP Holds a Winning Revenue Share in Coal Tar Pitch Market

Application-wise, around 80% revenue share belongs to the aluminum electrode, according to the study. As coal tar pitch is increasingly being consumed by aluminum smelters lowing to higher sustainability and economic feasibility, the mushrooming Aluminum production is constantly driving the growth of coal tar pitch landscape.

In 2019, the revenue of Aluminum grade coal tar pitch is pegged for over 5% Y-o-Y growth. Besides, Graphite electrode is also slated for promising performance and the application base of coal tar pitch as a chemical intermediate in carbon black manufacturing is visibly growing.

Development of Specialized ‘Zero QI Impregnating’ Coal Tar Pitch Expands Applicability

A specialized ‘impregnating’ pitch obtained by processing coal tar at a high temperature is widely used in the Graphite industry during the electrode manufacturing process. The resultant technological advancements in the life of electrodes pushes CTP applications in roofing, coating, electrode, refractory, and others.

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China Commands over Global Coal Tar Pitch Landscape, India Leads Asia Pacific’s CTP Scenario

China, India, Russia, and Western Europe have a significant aluminum production base, whereas MEA is demonstrating promising growth in coal tar pitch landscape in recent years. North America, however, is observing passive growth over the recent past, post decline in the aluminum production levels.

According to the FMI’s report, China is the global leader in coal tar pitch ecosystem owing to significant Aluminum production and thriving production levels of Graphite electrode. China is projected for a 6% year on year revenue growth by this year’s end, reflecting ample growth opportunities for coal tar pitch manufacturers.

On the other side, APAC’s market for coal tar pitch is witnessing growth concentration in India that has been attributed to an impressive rate of Aluminum production in the country.

Coal Tar Pitch Market Market by Category

By Form:

• Solid
• Liquid

By Grade:

• Aluminum Grade
• Graphite Grade
• Special Grade

By Application:

• Aluminum Electrode
• Graphite Electrode
• Roofing Coating Material
• Blast Furnance Linings
• Chemical Intermediates
• Sealents

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Competitive Landscape

Over the past few years, manufacturers are shifting their focus towards emerging regions to cater the growing demand from the application segments. Several key players are also focusing on expanding their production capacities, product launches, R & D and are also focusing on mergers & acquisition.

For Instance,

In 2017, Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., announced its new long-term coal tar supply agreement with leading steelmaker ArcelorMittal.

In 2018, Himadri Specialty Chemicals Ltd announced its plan to expand its production facility at Singur in West Bengal by making a planned investment of Rs 1,000 crore over the next five years.

About FMI

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

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Hammers, axes, mallets, shovels, and crowbars are examples of hitter-based hand tools, as are hammers, axes, mallets, shovels, and crowbars. The global sales of hitter-based hand tools are being boosted by rising household demand and an increase in the amount of do-it-yourself (DIY) activities. According to a recent analysis by Future Market Insights (FMI), the market for hitter-based hand tools Market demand is expected to grow at a moderate rate from 2022 to 2028.

In the United States, the market for hitter-based hand tools is estimated to reach US$ 687.1 million by 2028, rising at a CAGR of 3.3 percent over that time (2022-2028). FMI has concentrated on the US market for hitter-based hand tools as a result of growing building and DIY activities in the region. The impact of various drivers, trends, restraints, and opportunities on the global hitter-based hand tools market for the next 10 years has also been investigated.

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A highly Consolidated U.S Hitter-Based Hand Tools Market to Gain from Product Innovation

The market for hitter-based hand tools is highly consolidated and the key players are focusing on acquisitions and expansions to enhance their market share. Additionally, incessant competition between tool manufacturers is likely to restrict the growth of the hand tools market to some extent. Research also suggests that increased automation in production process will displace the market for hitter-based and tools. Future Market Insights predicts that the aforementioned factors may dampen U.S revenue growth of the hitter-based hand tools market in the coming years.

Key players in the U.S hitter-based hand tools market have been channelizing efforts towards strengthening their distribution channels while also focusing on online sales of hand tools by signing agreements with different online portals, as consumers are more likely to buy hitter-based hand tools through online channels, owing to the growing consumer preference towards ecommerce. Manufacturers are also focusing on new product innovation with greater efficiency and easy maintenance qualities. Top manufacturers of hitter-based hand tools in the U.S market are Stanley Black & Decker Inc, Apex Tool Group LLC, Snap-on Incorporated, Vaughan & Bushnell Manufacturing, and Estwing Manufacturing Company, Inc.

DIY and Landscaping Activities to Boost Hitter-Based Hand Tools Adoption in the U.S

The U.S market has witnessed increased investment in the housing sector that, in turn led to the development of related sectors including infrastructure, transportation, energy, and related maintenance services—all requiring hand tools. Moreover, the demand for landscaping in residential and commercial areas, to provide an aesthetic appeal, has also contributed to the sales of hitter-based hand tools. Overall home improvement and maintenance and gardening activities by people in the U.S, has augmented the adoption of hitter-based hand tools. Leveraging the changing consumer preferences, manufacturers are focusing on providing compact, portable, and cost-efficient tool solutions to household users.

Across U.S, Shovels are the Most Preferred Hitter-Based Hand Tool

Shovels are anticipated to register robust growth during the second half of the forecast period owing to growing demand for gardening and DIY applications, occupying close to 40% market share. Likewise, higher sales of hammers in the U.S can be attributed to the growing demand for hitter-based hand tools from end-use sectors such as construction, woodworking & framing, manufacturing & fitting, household & DIY and rescue management.

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Hitter-Based Hand Tools Market Competitive Landscape

Over the past few years, an increment in the number of acquisitions and expansion activities has been witnessed to improve the supply of hitter-based hand tools. Several key players are focusing on improving the efficiency of touch hand tools for various applications. The emergence of various manufacturers had also been witnessed in U.S. businesses.

For Instance,

• In 2017, Snap-on Incorporated acquired Norbar Torque Tools Holdings Limited, based in Banbury, U.K., which has a full range of torque products in its portfolio

Stanley Black & Decker, Inc. acquired the tool business of Newell Tools which includes Irwin and Lenox brands for US$1.84 Bn.

U.S. Hitter-Based Hand Tools Market By Category

By Product Type:

• Hammers
• Mallets
• Axes
• Shovels
• Crowbars

By Sales Channel:

• Bulk Distributor Sales
• Retail Sales
• Online Sales

By End-Use Sector:

• Household & DIY
• Construction
• Woodworking & Framing
• Manufacturing & Fitting
• Mining
• Forestry & Agriculture
• Rescue Management

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About Us

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

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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