Market Research Blog – Page 10323 – New Product Development

Phosphatidylserine Market is expected to grow at a CAGR of 5.1% to USD 232.5 Mn by 2032

The phosphatidylserine market is expected to grow more into North America and European regions due to increasing demands for functional foods and dietary supplements. According to Future Market Insights, the phosphatidylserine market stands at a market value of USD 169.5 Mn in 2022 and is expected to grow at a CAGR of 5.1% to USD 232.5 Mn by 2032.

The expansion of the phosphatidylserine market is being hampered by a very complex production process and restricted utilisation. However, as people become more health-conscious, eating healthy is becoming more popular in Western countries like the United States, Canada, the United Kingdom, Germany, and others. To stay fit and healthy, people use dietary supplements. Phosphatidylserine supplements have a number of health advantages.

Furthermore, to appeal to health-conscious consumers, leading players in the phosphatidylserine supplement market are producing products that are gluten-free, salt-free, sugar-free, starch-free, and fish-free, among other things. Over the projected period of 2022-2032, the phosphatidylserine market is expected to grow at a healthy rate.

The GRAS certification provided by the US Food and Drug Administration is one of the supportive factors for the increased use of phosphatidylserine in dietary supplements as well as expanded employment of phosphatidylserine in other industries. Manufacturers have been urged to include phosphatidylserine into new goods as a result of the funding.

In addition, the FDA authorized phosphatidylserine’s health claim for improving memory and cognitive impairment in 2003. Phosphatidylserine has been introduced into medicinal foods as a result of this permission, particularly for memory-related diseases like Alzheimer’s disease and dementia.

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Key Takeaways from Market Study

A large portion of dietary supplement users in the United States take supplements for health and wellbeing reasons. In the worldwide phosphatidylserine market, the dietary supplements sub-segment is estimated to account for a significant portion of the end use segment.
Phosphatidylserine is now used in a minor amount in the cosmetics business, although this is projected to change due to rising research and development spending. The US Food and Drug Administration’s approval and grant are functioning as a stimulus for the worldwide phosphatidylserine market.
In terms of end use, the Functional Foods segment dominated in 2019. This is due to factors such as an increase in major companies’ investment, an increase in people’s health consciousness, an increase in the demand for phosphatidylserine in functional foods, an increase in people’s disposable income, and an increase in healthier product launches based on customer needs.

“Phosphatidylserine is thought to play a crucial role in the treatment of brain illnesses because it is vital overall good brain health. Phosphatidylserine producers are coming out with more creative products based on its many health benefits, which have a variety of applications in the pharmaceutical business and nutritional supplements.” says a Future Market Insights analyst.

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Competitive Landscape

Players in the Phosphatidylserine Market use a variety of methods, including product launches, mergers and acquisitions, joint ventures, and geographic expansion. These manufacturers also participate in various exhibitions and events across the globe to increase the awareness of their products.

PS-PA Synergy is a patented phosphatidylserine and phosphatidic acid compound that Jarrow Formulas Inc launched in 2015 to boost the stress response under psychological situations.
Lipogen Products Ltd and Xenesta signed a marketing agreement in 2016 for Lipogen PSPA, a high-quality, vegan-friendly blend of phosphatidylserine and phosphatidic acid.

Some of the leading companies offering phosphatidylserine are Lonza AG, Enzymotec Ltd, Lipogen Products Ltd., Doosan Corporation, Novastell, Nagase ChemteX Corporation, Bontac Bio-engineering (Shenzhen) Co. Ltd., ECA Healthcare, Inc., Lipoid GmbH, and Chemi Nutra LLC.

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Future Market Insights, in its new offering, provides an unbiased analysis of the phosphatidylserine market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Global Phosphatidylserine Market: Segmentation

By Form:

Powder
Liquid

By End Use:

Functional Foods
Dietary Supplements & Nutraceuticals
Cosmetics & Personal Care

By Grade:

Food Grade
Pharmaceutical Grade

By Nature:

Organic
Conventional

By Source:

Plant Source
- Soybean
- Sunflower
- Others (Cabbage etc.)
Animal-derived

By Region:

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

Frequently Asked Questions

What is the growth rate of the phosphatidylserine market?
What is the market’s forecasted outlook for 2022-2032?
What are the major industry drivers?
What are the key industry strategies of the global phosphatidylserine market?
What are the major regional markets for phosphatidylserine?
Which region consumes the highest amount of phosphatidylserine?
What are the most common types of phosphatidylserine in the market?
What are the market’s major end use segments?
What are the Key companies operating in the market?

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Diaphragm Pumps Market to Achieve A High CAGR Of 6.3% During Forecast Period -2032

The global diaphragm pump market is expected to be valued at US$ 4,870.0 Million in 2022, rising at a CAGR of 6.2 percent to US$ 8,867.0 Million by 2032. The increase in the development of various compact diaphragm pumps with relatively simple designs is attributed to the growth. The diaphragm pump market grew at a CAGR of 5.5 percent between 2016 and 2021.

Another factor that is anticipated to negatively affect the growth of the diaphragm pump market is the operating cost of air operated double diaphragm pumps, which is relatively higher than that of conventional electric drive pumps. Larger diaphragm pumps are reportedly relatively less efficient. Diaphragm pumps are also affected by the pulsation issue, which causes vibration in them and restricts their use in some applications.

Introduction of air operated double diaphragm pumps for transport of liquids containing large solids without utilization of electricity is expected to drive the growth of diaphragm pumps market. In many offshore drilling applications diaphragm pumps are well suited to transport toxic and corrosive fluids without leakage, this tend to promote growth of diaphragm pumps market during the forecast period.

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Diaphragm pumps mainly consist of a reciprocating diaphragm made up of rubber or other polymeric materials and check valves which control the incoming and outgoing fluid. Moreover, selection of a suitable diaphragm material according to the application is the most important factor for longer life of diaphragm pumps.

Developments in double diaphragm pumps have led to introduction of high speed and high pressure Air Operated Double Diaphragm (AODD) pumps in the market. These AODD pumps find applications in construction and chemical industries.

Diaphragm Pumps Market: Regional Outlook

Construction industry, especially in Asia Pacific region is expected to witness steady growth during the assessment period. This is thus expected to in turn drive the growth of diaphragm pumps market in Asia Pacific region. Increasing awareness about clean drinking water and increasing construction spending is expected to drive growth of diaphragm pumps market during forecast period. Anticipated steady growth in demand for oil and natural gas is expected to result in steady growth the market across developing regions of the globe.

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Diaphragm Pumps Market: Key Participants

Some of the market participants identified across the value chain of the global diaphragm pumps market are:

Graco Inc.
Dover Corporation
Tapflo AB
Seepex GmbH
Verder Group
Flowserve Corporation
IDEX Corporation
Xylem Inc.
SPX Flow Technology AB
LEWA GmbH
Yamada Corporation
Ingersoll Rand Plc.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

Diaphragm Pumps Market: Segmentation

On the basis of end use industries, global Diaphragm pumps market can be segmented into:

Construction Industry
Chemicals and petrochemicals Industry
Pharmaceuticals Industry
Food and beverages industry
Printing and Packaging industry
Paper and Pulp Industry

On the basis of operation, global Diaphragm pumps market can be segmented into:

Single Diaphragm Pumps
Double Diaphragm Pumps

On the basis of Application, global Diaphragm pumps market can be segmented into:

Dewatering Pumps
Filter Press pumps
Fluid transfer pumps
Metering and dispensing Pumps

On the basis of mechanism, global Diaphragm pumps market can be segmented into:

Air operated
Electrically operated

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Food Flavour And Enhancer Market Is Forecasted To Grow At A CAGR Of 6.8% During The Forecast Period 2022-2032

According to a new study by FMI, sales of food flavour enhancer are expected to reach ~US$ 7.4 Bn in 2022 and grow at a CAGR of 6.8% during the forecast period (2022-2032) with rising consumer demand for processed food products, the demand for food flavour enhancers will further grow in the coming years. Consumers are voicing the need for taste to complement nutrients, and food manufacturers are hunting ingredients that can maintain their production costs under a limit.

Eventually, this is expected to bode well for manufacturers in the food flavour enhancers, and the market is expected to grow at a CAGR of ~7% between 2022 and 2032, opines FMI.

The FMI study finds that the availability of food flavour enhancers that assure the reduction of salt in these products is increasing, and the rise in demand is mainly attributed to their adoption as a cost-effective alternative for conventional food flavour enhancing ingredients.

Even though clean-label food flavour enhancers are priced more, but a mere sprinkle will bring the required results. The cost of commodities such as salt and sugar is cut out when a food flavour enhancer is added to a food product. Thus, food flavour enhancers are being adopted extensively by stakeholders in the food industry, especially foodservice operators.

Also, many government regulations have been formulated to reduce the amount of salt in food products due to its adverse effects on the health of humans that consume this in excess, thus driving the food flavour enhancer market. South Africa implemented a legislation in 2013, making salt reduction mandatory, with initial reductions coming into force in 2016, and further reductions enforced in 2018. This, in turn, will bolster sales of food flavour enhancers in the coming years.

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Increased Consumption of Processed Food Driving Food Flavour Enhancer Market

Changing lifestyles and increasing disposable incomes have led to changing consumer preferences, resulting in an increase in the consumption of processed food products. The increasing consumption of these food products has resulted in the growing use of food flavour enhancers.

Food processing companies are expanding their production areas to cater the demand from consumers. This has, in turn, increased the demand for food flavour enhancers from food processing industries.

Consumer demands such as taste along with economic prices have also increased the demand for these food flavour enhancers, not only in the food processing industry but also in the foodservice industry. For example, the increased consumption of packaged foods and beverages is driving the growth of the food flavour enhancer market in China.

Consumption of monosodium glutamate (MSG), which is the most popular type of food flavour enhancer, is the highest in China on a global scale, with 55% of MSG being consumed in the country.

However, health concerns among consumers around the world backtracked the food flavour enhancer market for a short while. Nevertheless, an increase in the alternatives for synthetic food flavour enhancers to cater the demand for clean-label products from consumers resulted in food flavour enhancers gaining acceptance, globally.

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‘MSG Symptom Complex’ Affecting the Worldwide Popularity

The sales of food flavour enhancers were affected few years back, especially in developed regions such as North America and Europe, due to a condition called the MSG symptom complex, which was previously referred as Chinese Restaurant-Syndrome. This was due to few incidents with people in the U.S. that consumed food in Chinese restaurants suffering from symptoms such as rashes, itchiness, flushing, etc.

This resulted in a backlash regarding food flavour enhancers, especially, the one that is most commonly used in these restaurants, which is monosodium glutamate. Even if it was proven otherwise by government testing laboratories, food flavour enhancers gained negative publicity. Therefore, manufacturers of food flavour enhancers have come up with a range of clean-label products that can be used in food products and termed as ‘organic compliant’.

This study by FMI offers insights into the food flavour enhancer market for the forecast period between 2022 and 2032. The food flavour enhancer market is projected to record a CAGR of ~7% during the forecast period.

Key Segment

By Form :

Powder
Liquid

By Product Type :

Glutamates
Hydrolyzed Vegetable Protein
Yeast Extract
Others (Meat Extract, Plant Extract)

By Source :

Plant-based
Yeast
Seaweed
Synthetic

By End Use :

Soups and Sauces
Meat and Seafood
Ready Meals/Prepared Foods
Dairy Products
Snacks, Savouries and Seasonings
Beverages
Bakery and Confectionery
Foodservice/HoReCa
Household/Retail
Others

By Region :

North America
Latin America
Europe
East Asia
Southeast Asia & Rest of APAC
MEA

Frequently Asked Questions

What is the growth rate of the Food Flavour Enhancer Market?
What is the market’s forecasted outlook for 2022-2032?
What are the major industry drivers?
What are the key industry strategies of the global Food Flavour Enhancer market?
What are the major regional markets for Food Flavour Enhancer?
Which region consumes the highest amount of Food Flavour Enhancer?
What are the most common types of Food Flavour Enhancer in the market?
What are the market’s major application segments?
What are the Key companies operating in the market?

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Rotary Indexer Market worth US$ 1,096.16 Million from 2022 to 2032. – Exclusive Report by Future Market Insights, Inc.

Global rotary indexer market demand is anticipated to be valued at US$ 800 Million in 2022, forecast to grow at a CAGR of 3.2% to be valued at US$ 1,096.16 Million from 2022 to 2032. Growth is attributed to increased demand for silicone elastomers, especially across the automotive and construction industries.

A rotary indexer is a piece of machinery that produces intermittent movement through rotatory motion. Rotary indexers are frequently used in automated assembly equipment, and choosing the right mechanism is crucial for minimising component cost and maximising component performance. Rotary indexers are primarily used to accurately and consistently position medium parts during a variety of machining operations, including spiral milling, drilling, tapping, milling, and tapping.

Numerous features are available with rotary indexers, including smooth motion, repeatable and accurate positioning, quick setting times, a capacity for high speed and high load, controlled acceleration and deceleration, shaft or flange output, and smooth motion with repeatable and accurate positioning. In general, there are two types of rotary indexers on the market: compact ring drive and precision ring drive.

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Rotary indexers are primarily utilized for accurate and dependable positioning of medium parts in various machining operations such as drilling, tapping, milling, contouring and spiral milling.A rotary indexer is a rotatory motion equipment that realizes the intermittent movement. Rotary indexers are widely adopted in automated assembly machineries and the selection of proper mechanism is essential for both minimizing the cost of the component and maximizing performance.

Regional Outlook

North America, led by the United States, is anticipated to hold a substantial share in the global rotary indexer market during the forecast period. Growth in electronics and automotive assembly units across the U.S. is expected to assist the sales of rotary indexers in North America. The Europe rotary indexer market is expected to be next in line, followed by Asia-Pacific.

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Sales of rotary indexers in Asia-Pacific, led by China, Japan and India, is expected to grow at a significant pace in the near future. Middle East & Africa and Latin America are expected to account for small shares in the global rotary indexer market over the forecast period; however, the demand is expected to grow at a significant rate over the forecast period.

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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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.

Key Player:

Examples of the key players involved in the global rotary indexer market include A Dover Company, WEISS North America, Inc., Sankyo Automation, Nexen Group Inc., TAKTOMAT, TAN TZU Precision Machinery Co., Ltd., Colombo Filippetti S.p.A., Haas Automation, Inc., Quality Vision International Inc., Cam Division System (Bettinelli group), Hardinge Inc. and others.

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 geographies, application, and industry.

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Switched Reluctance Motors Market Is Expected To See a growth of 6.28% | Future Market Insights

The global switched reluctance motors market size was valued at around US$ 499.3 Mn in 2021 and is expected to surpass a valuation of nearly US$ 950 Mn by 2032, exhibiting a robust CAGR of 6.28% during the forecast period (2022-2032). Rising applications of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, vacuum blowers, etc. is pushing the demand for switched reluctance motors worldwide.

Switched reluctance motors are electric motors that run on reluctance torque. These motors offer higher efficiency, greater reliability, and better performance when compared to other motor types.

Switched reluctance motors have developed into the ideal motor types for high-speed applications in recent years due to their straightforward and reliable structure. Their use as traction motors in electric and hybrid vehicles is quickly gaining popularity. They are also used in wind energy systems and coal mining equipment like conveyors, cutters, and coal ploughs due to their straightforward and durable construction, energy efficiency, and capability of high-speed operation.

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Switched reluctance motors tend to perform well even in harsh environments, making them suitable for use in nuclear reactors and mines. As these industries expand, so will sales of switched reluctance motors during the forecast period.

Leading manufacturers of switched reluctance motors are constantly innovating to improve the features of switched reluctance motors. They are receiving significant investments from a variety of investors in order to develop next-generation switched reluctance motors for the electric motor market.

Thanks to their simple design, higher energy efficiency, and robustness, switched reluctance motors have gained huge traction across automotive industry where they are used in electric and hybrid vehicles.

Factors such as growing concerns regarding high emission levels of vehicles and implementation of stringent carbon emission levels have prompted both manufacturers and consumers to switch over to electric and hybrid cars.

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According to the International Energy Association (IEA), over 10 Mn electric cars were on the world’s roads in 2020 and this number is further expected to surge in future. As switched reluctance motors are being extensively used in these electric vehicles, rise in their sales will eventually spur the growth in switched reluctance motors market.

Key Players:

Infineon Technologies AG
Nidec SR Drives Ltd.
E. KRETZSCHMAR
Domel, d.o.o.
MACCON
Renesas Electronics Corporation
Ramco Electric Motors
Regal Beloit Corporation

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Key Segments Profiled in the Switched Reluctance Motors Industry Survey

By Product Type:

Single Phase
Double Phase
Triple Phase
Multi-Phase

By Application:

Electromechanical brake system
Fuel Pump
Electric Power Steering
Hybrid/ Electric Vehicles
Vacuum Blowers
Other

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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Membrane Air Dryers Market Size to Reach US$ 1,200 Mn by the end of 2032: FMI

The global membrane air dryers market size is estimated to surpass a valuation of US$ 1,200 Mn by the end of 2032. The sales on membrane air dryers are expected to top US$ 730 Mn by 2022, exhibiting growth at a CAGR of 6.5% over the forecast period 2022-2032. Increasing adoption of membrane air dryers in pneumatic brakes for automotive vehicles and trains is augmenting the growth in the market.

Further feature includes improving manufacturing process, energy-saving as they do not need electricity to use, helps in reducing noise and overall enhancing the system reliability. Owing to this, demand from various end-use industries is increasing especially in medical sector (dental) which is driving the growth in global membrane air dryer market.

With proper maintenance and installation, it will be lasting for long years. Increasing demand from various end use industries such as food & beverage, medical, industrial, telecommunication, among many others, the demand for membrane air dryers is rapidly growing. Membrane air dryer’s technology is anticipated to evolve in the future, as membrane air dryer provides ultra clean and dry air, also it is projected to replace refrigerated air dryers.

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Membrane Air Dryers Market: Drivers & Restraints

Additionally, hygiene consideration in food & beverages particularly in meat and dairy industry is another major reason fuelling the demand in membrane air dryer market. However, excessive water in compressed air (either in liquid or vapour phase), corrosion in piping and equipment can cause a variety of working problems and issue in the growth of the global membrane air dryer market.

Membrane Air Dryers Market: Region-wise Outlook

The global membrane air dryers market is geographically segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. North America is the fastest growing market and holds the major market share in the global membrane air dryers market.In North America and Europe, certain government rules and regulation along with standardization in food & beverages industry, is expected to drive the growth in the membrane air dryers market.The region is expected to grow at a double digit CAGR during 2015 to 2025.

Membrane Air Dryers Market: Key Players

Some of the key market participants in the global membrane air dryers includes Donaldson Company Inc., Sullair, Parker, Pentair, Gardner Denver, Inc., and Atlas Copco Corp, among many others.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

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

Membrane Air Dryers Market: Segmentation

On the basis of product types, the global air dryers market can be segmented into:

Porous (leading product segment)
Non-Porous

On the basis of application, the global air dryers market can be segmented into:

Medical
Food & Beverage (anticipated to witness high growth over the forecast period, 2015-2025)
Industrial
Telecommunication
Electronics
Other (truck and train air brake systems)

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Cold Forging Machines Market will reach a value at US$ 38 Billion from 2022 to 2032: FMI

Global Cold Forging Machines market demand is expected to be valued at US$ 22.16 billion in 2022, rising at a CAGR of 5.5 percent to US$ 38 billion between 2022 and 2032. The increasing use of cold forging machines in the global market can be attributed to the high quality of the products produced, as well as the cost savings gained by skipping the fabrication process.

In the global market of cold forging machines, Asia Pacific is anticipated to dominate the market in terms of both market share and demand. The rising manufacturing activities in the region are expected to create significant demand for cold forging machines in the future.

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The mounting demand for forged metals in the automotive industry and infrastructural development is expected to thrust the growth of the cold forging machines market in the region. Asia-Pacific cold forging machines market is anticipated to grow at a CAGR of 4.0% over the forecast period.

Cold Forging Machine:

A Cold Forging Machine is a machine tool that compresses material under cold conditions by applying pressure. The compression power is transferred via dies, which are attached to opposing faces of the workpiece and plate known as an anvil.

Cold forging can be used on a variety of materials, including low carbon steel, alloy steel, aluminium alloys, copper alloys, and others. High power or force is used to push the material into a die with an impression of the desired shape.

The workpiece is placed at room temperature between two dies and then impacted with a hydraulic press until the metal takes on its final shape inside the die cavities. This cold forging process aids in the creation of precise parts with the desired shape, size, and dimensions.

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Segments of the Global Cold Forging Machine Market Report:

Type 2-Die Station, 3-Die Station, 4-Die Station, 5-Die Station, 6-Die Station, Other (1-Die Station, 7-Die Station), and Application Fastener, Shaped Pieces are the market segments.

Some of the companies that are profiled in this report are:

• Jern Yao
• Chun Yu Group
• National Machinery
• Sacma
• Sakamura
• Hyodong
• Carlo Salvi
• Nakashimada
• Komatsu
• Nedschroef
• Sunac
• Tanisaka
• GFM
• Aida

Cold Forging Equipment Market research reports provide a close look at leading competitors through strategic analysis, micro and macro market trend and scenario analysis, pricing analysis, and a comprehensive overview of market situations during the forecast period. It is a thorough report that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. The report also examines key players, major collaborations, mergers and acquisitions, as well as trending innovation and business policies.

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Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Cold Forging Machine Market

Overview of the regional outlook of the Cold Forging Machine Market:

The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is divided into Brazil, Mexico, and the rest of Latin America, while the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.

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Woodworking Circular Saw Blades Market Size to be worth US$ 68.3 Mn by 2029 | Future Market Insights

The woodworking circular saw blades market is projected to reach a valuation of US$ 68.3 Mn by the end of 2029, as per the latest report by FMI. Surge in the cost of raw materials such as round wood and timber has increased operational costs and reduced profit margins for manufacturers.

From 2022 to 2029, the market for woodworking circular saw blades is expected to generate US$ 50.4 million in revenue, representing a 4.4% compound annual growth rate. By 2029, it is anticipated that shipments of circular saw blades for woodworking will generate a net worth of US$68.3 million.

This is anticipated to reinforce the sale of powerful and efficient saw blades, so as to reduce material wastage and increase productivity. In addition, carbide material for tips of circular saw blades provide abrasion resistance, significant reduction in kerf, longer serving life, and ability to saw thick and strong woods.

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Key Takeaways from Woodworking Circular Saw Blades Market Study

Sales through numerous online platforms is gaining prominence, as these online sites enable customers to choose products according to their requirements. Many retailers and distributors are focusing on offering their products through online platforms to gain significant share in the market.
Increased use of furniture in commercial and residential sectors, and the use of wood as a thermal and electrical insulator in industrial and manufacturing sectors are expected to bolster the sales of woodworking circular saw blades, with timber and wood processing industries performing substantially well.
Spurring demand for woodworking operations for the manufacturing of household furniture and use of wood in the designing of basic utilities in commercial constructions are anticipated to bolster the demand for woodworking circular saw blades. With increment in the use of circular saw blades for application in small-scale operations, 100 – 200 mm diameter blades are projected to experience hefty growth in the market.

“Rising demand for woodworking circular saw blades for plumbing & carpentry, owing to their inherent reliability, such as accuracy, ease of use, and precision, creates a positive environment for the growth of the woodworking circular saw blades market.”

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Woodworking Circular Saw Blades Market: Competition Overview

The global woodworking circular saw blades market is perfectly competitive, with the presence of a significant number of organized and unorganized players actively operating in the global market. Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group are identified as prominent players in the global woodworking circular saw blades market. Key players are focusing on manufacturing diverse blades for efficient performance in different operations.

Asia Pacific Offering Lucrative Opportunities for Market Growth

The demand for woodworking circular saw blades is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing countries of the Asia Pacific region. Rising demand from the furniture industry is expected to drive the sales of saw blades during the forecast period. High use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel the growth of the woodworking circular saw blades market.

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More Valuable Insights on Woodworking Circular Saw Blades Market

The research report provides thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry. The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective for market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.

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Key Segments of Woodworking Circular Saw Blades Industry Survey

Woodworking Circular Saw Blades Market by Mode of Operation:

Woodworking Circular Saw Blades for Stationary Machines
Woodworking Circular Saw Blades for Hand Machines (Power Tools)

Woodworking Circular Saw Blades Market by Blade Type:

Framing Blades
Rip-cut Blades
Crosscut Blades
Plywood Cut Blades

Woodworking Circular Saw Blades Market by Diameter:

Woodworking Circular Saw Blades Less than 100 mm
Woodworking Circular Saw Blades 100-200 mm
Woodworking Circular Saw Blades 200-300 mm
Woodworking Circular Saw Blades More than 300 mm

Woodworking Circular Saw Blades Market by Distribution Channel:

Online Sales of Woodworking Circular Saw Blades
Offline Sales of Woodworking Circular Saw Blades

Woodworking Circular Saw Blades Market by End-use Industry:

Timber
Wood Processing
Furniture & Carpentry
DIY

Woodworking Circular Saw Blades Market by Region:

North America Woodworking Circular Saw Blades Market
Latin America Woodworking Circular Saw Blades Market
Europe Woodworking Circular Saw Blades Market
East Asia Woodworking Circular Saw Blades Market
South Asia & Pacific Woodworking Circular Saw Blades Market
Middle East & Africa (MEA) Woodworking Circular Saw Blades Market

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Weatherization Services Market Is Expected to reach US$ 43.8 Bn by the end of 2028 | FMI

The global weatherization services market value to grow with a year-on-year growth of 4.0%, reaching US$ 35 Bn by the end of 2022. Weatherization enhances energy efficiency while lowering energy usage, saving money on energy bills and improve the comfort of home.

According to the report’s findings, the market is expected to grow steadily over the forecast period, driven by rising stringent regulations mandating the use of insulation materials to reduce building energy consumption.

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Future Market Insights delivers key insights on the global weatherization services market in its latest report titled “Weatherization Services Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2022 – 2028”, which examines the weatherization services market and offers critical insights for the next ten years.

Global Weatherization Services Market: Dynamics

Recovery in the construction industry across the globe is being accelerated by the steady growth in population, which is resulting in the growing demand for construction materials, for both residential and non-residential buildings. This, in turn, will propel the growth of the weatherization services market across the globe. The U.S. Department of Energy (DOE) recognizes the enormous potential for improving energy efficiency, safety and comfort of the existing American homes.

According to DOE, heating & cooling (Space conditioning) accounts for about 50%-60% of the total energy consumption in an average American home. Hence, the rising adoption of insulation in residential or home buildings is one of the major factors fueling the demand for insulation installations, consequently also contributing to the weatherization services market’s growth.

Energy resources are limited, every unit saved is equivalent to every unit produced and this is where the role of efficient weatherization services comes into play. An array of initiatives are being taken up by various states and federal governments across the globe to reduce CO2 emissions. More importantly, growing public awareness about climate change has proliferated the need for renewable energy systems and reduced energy waste.

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This factor is positively impacting the Global weatherization services market. Further, to curb carbon dioxide emissions, the use of lightweight insulation materials with promising mechanical properties, such as stiffness, rigidity, elevated temperature durability and chemical resistance, is expected to increase. Thus, in order to gain a competitive edge, key players are likely to invest significantly to develop high-performance insulation products in the weatherization services market.

Global Weatherization Services Market: Segmentation Overview

On the basis of application, the sidewall insulation segment dominates the global weatherization segment market. While the segment is projected to lose market share to the attic insulation segment by the end of THE forecast period, it is yet expected to maintain its prominence during the forecast period. Foam insulation is expected to be the prime material preferred for various applications and its popularity will be followed by the popularity of fibreglass for various applications in the global weatherization services market
On the bases of construction type, the weatherization services market has been segmented into new construction and retrofit segments. The new construction segment dominated the Weatherization services market in 2017 and is expected to gain further traction owing to the steady growth of the construction industry
On the bases of end-use, the weatherization services market has been segmented into residential and commercial & institutional. The commercial & institutional segment is expected to witness 1.5X growth in the global weatherization services market over the forecast period.

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Global Weatherization Services Market: Regional Overview

Western Europe, followed by North America, dominated the global weatherization services market in 2017. However, over the course of the forecast period, the Western Europe weatherization services market is estimated to lose its dominance to the North America weatherization services market. North America and Western Europe are collectively expected to account for over half of the global weatherization services market. Further, the top 5 countries in the Weatherization services market account for about half of the overall market. The weatherization services market is expected to witness significant growth in developing economies over the forecast period.

Global Weatherization Services Market: Vendor Insights

The report highlights some of the leading companies operating in the global weatherization services market, such as TopBuild Corp, Insulated building products, Inc., Builders FirstSource, Inc., Takashima & Co., Ltd., Dyson Energy Services Ltd., HomeWorks Energy, Inc., USA Insulation, Banker Insulation and Anderson Insulation.

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Contact Lenses Market to Achieve A High CAGR Of 4.6% During Forecast Period -2029

The global contact lenses market size is set to reach US$ 12.5 Bn in terms of revenues by the end of 2029. A new Future Market Insights (FMI) study reveals that the contact lenses market will see a moderate CAGR over 2029. Soft contact lenses are the most prescribed contact lenses, while toric lens designs are significantly gaining popularity over the recent past. The latter are gaining traction attributing to their properties to correct mixed astigmatism.

Moreover, these lenses are fashionable, serve various purposes owing to their anti-radiation (block UV rays) properties, and abilities to filter dim lights and work on miniature components. Demand for silicone hydrogel contact lenses is also on a constant rise, as they reduce the risk of hypoxia related eye problems.

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List Of Key Players Covered in Contact Lenses Market are:

CooperVision, Inc.
Johnson & Johnson Vision Care, Inc.
Hoya Vision Care Company
Alcon (Division of Novartis AG)
Bausch & Lomb Incorporated
BenQ Materials Corporation
ZEISS International
SEED Co. Ltd.
Essilor International S.A.
Menicon Co. Ltd.

Key Takeaways – Contact Lenses Market

North America is expected to retain its dominant position in the global contact lenses market due to high adoption of contact lenses, high demand for branded products, and frequent new product launches, coupled with significant presence of prominent players in the region.
Soft lenses continue to be top selling, making up nearly 80% of overall sales in the contact lenses market. These lenses are widely prescribed by doctors, user-friendly, and easier to adjust as compared to hard contact lenses.
Increasing usage of therapeutic (drug-eluting) contact lenses for ophthalmic drug delivery is creating a massive window of opportunity in the global contact lenses market. These lenses would be garnering interests with their unique advantages such as extended wear and high bioavailability.

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Growing prevalence of myopia among young children and elderly demographic will continue to create significant opportunities for prominent players in the contact lenses market. Daily wear soft contact lenses made of flexible plastic that enables oxygen to pass through the eyes are gathering traction in market. Besides such innovations, online sales will help manufacturers reap sizeable profits in the global market.

Smart Contact Lenses Gaining Traction

Contact lens companies have been introducing novel products in the market, attributable to R&D advancements. Smart contact lenses represent one such innovation that continues to gain popularity worldwide. These lenses do not require surgery and can be inserted or removed by users. Researchers from the Harbin Institute of Technology in China and the University of California San Diego are developing innovative biomimetic smart soft contact lenses that users can zoom in and out by simply blinking.

Know More About Contact Lenses Market Report

Future Market Insights, in its new offering, provides an analysis of the global contact lenses market, presenting historical demand data (2014-2021) and forecast statistics for the period of 2022-2029. The report on the global contact lenses market reveals compelling insights on the basis of product type (soft lenses [daily wear and extended wear] and gas permeable), design type (spherical, toric, multifocal, and others), wear type (disposable and reusable), and sales channel (online [e-Commerce portal and company owned portal] and offline [exclusive stores and multiband stores]), across seven major regions.

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Detailed Table of Content:

Executive Summary
- Global Market Outlook
- Summary of Key Statistics
- Summary of Key Findings
- Product Evolution Analysis
- Analysis and Recommendations
Market Overview
- Market Taxonomy
- Market Definition
Key Market Trends
- Key Trends Impacting the Market
- Product Innovation Trends
- Evolution of Eyewear Industry
- Future Prospects of Eyewear Industry
  - Factors Fuelling Growth
  - Influx of Brands
  - Innovative Distribution & Marketing Strategies
The Massive Impact of the Crisis
- Covid-19 The Situation Now
- Countries in action: How have countries been responding?
- The Economic Impact of the COVID-19 Outbreak on Developing Asia
- Impact of COVID-19 on the Gross Domestic Product of Selected Economies
- Current Economic Projection – GDP/GVA and probable impact
- Comparison of SAARs and market recovery, comparison to 2008 financial crisis and market recovery and forecast comparison for recovery of COVID 19
- Impact of Covid-19 on Manufacturing Industry
- Coronavirus Impact on The World of Work
- Projected Recovery for Hardest Hit Sectors
Brand Mapping Analysis
- Price v/s Product
- Value for Money
- Top of Mind Contact Lenses Brands
- Brand Portfolio-by Key Players
- Brand Loyalty Mapping
- Usage Pattern Overview
- Branded vs Unbranded-Market

TOC Continued…!

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

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