Kombucha Market 2022 Growth, COVID Impact, Trends Analysis Report 2032

The global kombucha market is estimated at USD 575.6 Mn in 2022 and is projected to reach USD 2,380.4 Mn by 2032, at a CAGR of 15.3% from 2022 to 2032. Globally, the market is estimated to create an absolute $ opportunity of about USD 1,804.8 Mn by 2032.

Beverage brands from across the globe are looking to capitalize on the kombucha boon. They are launching new kombucha-based drinks with bold claims of various health benefits. Success witnessed by kombucha brands is majorly steered by the rising consumer preference for functional drinks. It seems that the market has fewer hindrances except mixed clinical evidences on kombucha benefits.

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Be it as it may, the kombucha market has witnessed meteoric rise in popularity in developed markets in the last decade. Bolstered by the strength of health-focused marketing campaigns, the demand for kombucha is poised to surge as soon as economies move past the coronavirus crisis.

The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the kombucha market. Some of these are:

  • Kombucha is available in a gamut of flavors, ranging from berries to herbs and spices. Growth witnessed in the herbs and spices segment is expected to rise at 18% over the forecast period.
  • North America and Europe are expected to remain the dominant markets for kombucha. Collaborations between popular kombucha brands and local restaurants and cafes will give significant impetus to the market across these regions.
  • Expansion of organic retail shops to bode well for the kombucha market. Flavored kombucha is often among the best-selling products in these stores.
  • Heightened focus on health and wellness among consumers due to COVID-19 outbreak will enable the market gain pace in the coming years.

Market segmentation

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

Flavour

  • Regular
  • Herbs & Spices
  • Citrus
  • Berries
  • Apple
  • Coconut & Mangoes
  • Flowers
  • Others

Sales Channel

  • Food and Drink Specialty Store
  • Hypermarket/Supermarket
  • Convenience Store
  • Online Retail

Packaging

  • Glass Bottles
  • Cans

Kombucha, Touted for its Many Health Benefits, to Witness Skyrocketing Sales

Success witnessed in the global kombucha market is majorly steered by the rising demand for healthier alternatives to carbonated drinks. The unprecedented outbreak of the novel coronavirus and easy access to information have rendered consumers more aware than ever before. As per data published by an AI powered food intelligence start-up Tastewise, the mention of “immunity” in food searches rose by an impressive 27% between February 2019 and March 2020. Kombucha is among the grocery items that has particularly witnessed uptick interest since the onset of COVID-19. The rising inclination towards the consumption of organic food entails growth prospects for the kombucha market.

Who is winning?

The kombucha market is a consolidated one, with 50% to 60% of its share belonging to a handful of companies. Although several aspiring manufacturers have mushroomed around the world, lion’s share of the market remains with top manufacturers, mostly belonging from the U.S. In order to make their presence felt, a majority of companies are focusing on advertising. Bold claims with regards to the health benefits of fermented tea and marketing their brands as miracle elixir are common strategies followed especially by local manufacturers to strengthen their foothold in the market. Other than this, leading brands are focusing on product launches and expansion to drive their sales.

  • For instance, Starbucks Corporation began offering kombucha under its brand Evolution Juice, starting 2018.
  • In 2018, RISE Kombucha ventured into expanding its market across the U.S.

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Frequently Asked Questions

  • What is the current worth of the kombucha market?
  • At what CAGR is the kombucha market expected to grow?
  • How was the kombucha market performing in the last few years?
  • How are market players reacting to the new developments in the kombucha market?
  • How much share does the top 10 companies in the kombucha market hold?
  • Which are the major countries driving demand for kombucha?

About FMI

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

Contact:

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Optically Clear Resin Market 2022 – Future Plans and Industry Growth with Quantitative And Qualitative Analysis by 2031

According to the latest research, the demand for Optically Clear Resin (OCR) is anticipated to grow with a compelling growth rate of about 5.5% to 7.5% in between the coming assessment period of 2021-2031.

The automotive application sector is expected to grow at the fastest rate in the optically clear resin market during the forecast period, owing to the rising use of displays in driver assistance. It is a liquid-based bonding method used to adhere display components in display technology and touch screens.

They are optically clear film adhesives with outstanding adherence to a variety of transparent substrates. They are utilised to increase the electrical and mechanical performance of screens as well as their contrast and brightness.

Furthermore, because of their exceptional optical and mechanical properties, they boost the endurance of advanced displays. As a result, they are used in consumer electronics, mobile phones, LCD panels, and other places.

What is Driving Demand for Optically Clear Resin?

The Major factors driving the market are the growing demand from consumer electronics and automotive & transportation industry. Due to increasing demand of personal electronic gadgets around the world, the global optical resin market is experiencing significant growth. The rapid usage of smartphones and LCD televisions is a key component propelling the optically clear resin market forward.

Over the projected period, the aerospace segment is expected to increase at a significantly consistent rate. The use of (OCR) in display screens in aircraft cockpits aids in improved screen display performance and clarity. These resins also effectively bridge any gaps between the lcd/led and the cover glass, as well as giving anti-reflective and anti-glare properties to the cover glass.

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Over the projected period, the aerospace segment is expected to increase at a significantly consistent rate. The use of (OCR) in display screens in aircraft cockpits aids in improved screen display performance and clarity. These resins also effectively bridge any gaps between the lcd/led and the cover glass, as well as giving anti-reflective and anti-glare properties to the cover glass.

Electronic and Automotive Industry Boost the Market of Optically Clear Resin

The electronics sector is the primary end-user of optically clear resins. Touch screen and display applications are the most common places where OCR is used. When mobile devices, televisions, phones, and laptops switch to touch screens, applications are likely to improve. The mobile phone segment dominated the global optically clear resin market in terms of application.

Another segment that drives the market growth significantly is the automotive industry. The development of more innovative digital products and the expansion in the size of display panels and screens used in display panels has resulted from increasing developments in electronic components used in automotive applications.

Some of the key factors driving market revenue growth are a steady increase in clusters of equipment that operate on display screen technologies, such as digital display mirrors and control displays for heating, ventilation, and air conditioning, as well as a growing focus among automotive manufacturers to deliver a more enhanced in-cabin digital experience for customers.


APAC Market Outlook

Due to expanding demand for electronics items, smartphones, and growing sales of electric vehicles in countries like as South Korea, India, China, and Japan, the OCR market in Asia-Pacific is predicted to develop at the fastest rate throughout the forecast period.

The region being the global hub of production for electronic devices as well as automotive industry, demand is expected to be significant in Asia Pacific and estimated to account for largest share in the overall market. Furthermore, the presence of major market players in the region, such as Daxin Materials, contributes to consistent market revenue growth.

North America Demand Outlook

Due to the rapid growth in electronic industry and increasing demand of automotive industry drives the market of optically clear resin in North America. Unites States is the largest manufacture of high performance electric vehicles in North America.

The regions holds a significant share in market due to the presence of significant manufacturing facilities for the global automotive sector, as well as increasing production of niche electronic products.

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Who are the Key Manufacturers and Suppliers of Optically Clear Resin?

Some of the leading manufacturers and suppliers of optically clear resin include

  • DuPont
  • Taica
  • Henkel
  • LINTECH
  • Delo Industrial Adhesives LLC.
  • 3M Company
  • Electrolube
  • Daxin Materials
  • Nitto Denko corporation and many others.

Significant growth of Optically Clear Resin market in automotive sector and electronics industry areas in countries such as China and India drive the market in the Asian-pacific region. Key strategies implemented by players in the market include technology releases, acquisitions, and R&D efforts.

The Optically Clear Resin 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 Segments

By Product Type:

  • Acrylic
  • Polyvinyl Acetate (PVA)
  • Polyurethane (PU)
  • Silicone
  • Epoxy

By End Use:

  • Consumer Electronics
    • Smartphones
    • Television
    • HMI Display Panels
    • Tablet Devices
    • Laptop & Computer Devices
    • Wearable Devices
    • Others
  • Automotive
    • Passenger Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Electric Vehicles

About FMI

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

Contact:

Future Market Insights Inc.
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T: +1-845-579-5705
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Trait Enhanced Oils Market Size Predictions : USD 8.1 Billion by 2032

Trait enhanced oils are mainly from soy, canola, copra, palm kernel, cotton, sunflower seed, peanut, and rape. Trait enhanced oils remove all unnecessary fatty acids from food, which help consumers to stay healthy and fit. Trait enhanced oils are important for because they contain all necessary amino acids which are required for a living organism.  Trait enhanced oils are used in the dietary product as they provide proteins and supplements The number of health-conscious people is increasing so demand for the dietary product is increasing which will boost the growth of trait enhanced oils market. Trait enhanced oils are used in cosmetics and personal care products.

Report Attribute Details
Trait enhanced oils Market Estimated Base Year Value (2021) US$ 4.9 Billion
Trait enhanced oils Market Expected Market Value (2022) US$ 5.2 Billion
Trait enhanced oils Market Anticipated Forecast Value (2032) US$ 8.1 Billion
Trait enhanced oils Market Projected Growth Rate (2022-2032) 2.6% CAGR

The number of players participating in trait enhanced oils industry is increasing. The increasing demand for trait enhanced oils and a growing number of manufacturers all over the world are the reasons for increasing the competitive level in the market. To save the position in trait enhanced oils market manufacturers are producing unique & innovative products in the market with attractive offerings.

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Trait Enhanced Oils Market: Regional Analysis

North America and Europe regions are expected to be the major markets for the trait enhanced oils market due to increasing awareness about healthy lifestyle and nutritional food. Asia-Pacific, Middle East & Africa are leading globally in trait enhanced market. China, India & Japan are major countries in Asia-Pacific for trait enhanced oils production. Due to improving economic conditions in developing countries in Asia-Pacific and Africa will increase the demand and production of trait enhanced oils in forecasted period.

 Trait Enhanced Oils Market: Key Participants:

  • Archer Daniels Midland Company
  • Bayer Cropscience AG
  • Burrus Seed Farm
  • I. du Pont de Nemours and Company
  • Ericsson
  • Huawei Technologies
  • DragonWave
  • Hefei Fengle Seed Co. Ltd.
  • Dow Agrosciences LLC.
  • Syngenta AG
  • Krishidhan Seeds Pvt. Ltd
  • Hefei Fengle Seed Co. Ltd

Trait Enhanced Oils Market Segmentation:

On the basis of source, the trait enhanced oils market is segmented into:

  • Soya seed
  • Canola
  • Copra
  • Palm Kernel
  • Sunflower seed
  • Corn
  • Cotton seed
  • Peanut
  • Rape seed

On the basis of end use, the trait enhanced oils market is segmented into:

  • Food & Beverages Industry
  • Dietary Products
  • Animal Feeds
  • Lubricants
  • Adhesives
  • Plastic
  • Foam
  • Health Care
  • Personal Care
  • Skin & Hair Creams
  • Massage
  • Aromatherapy
  • Cosmetics
  • Nail Care

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The report covers exhaustive analysis on:

  • Trait enhanced oils market Segments
  • Trait enhanced oils market Dynamics
  • Trait enhanced oils market Size
  • Trait enhanced oils Supply and Demand
  • Current Trends/Issues/Challenges pertaining to trait enhanced oils market
  • Competition Landscape and Emerging Market Participants in trait enhanced oils market
  • Technology related to Production/Processing of trait enhanced oils.
  • Value Chain Analysis of the trait enhanced oils market

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Frequently Asked Questions

At what rate will the trait enhanced oils market grow until 2032?
Which region is set to lead the trait enhanced oils market?
Which are some of the renowned companies in the trait enhanced oils market?

Report Highlights:

  • Detailed overview of parent market
  • Changing dynamics of the trait enhanced oils market in the industry
  • In-depth market segmentation and analysis
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments in the functional extract market
  • Competitive landscape of the trait enhanced oils market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on trait enhanced oils market performance
  • Must-have information for trait enhanced oils market players to sustain and enhance their market footprint

About FMI

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/trait-enhanced-oils-market
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Industrial Diamond Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

Diamond is the hardest material on earth and has the highest thermal conductivity as compared to other materials in room temperature. Most of the diamond that is mined is used for industrial purposes. Diamond is mostly used in drilling, cutting and polishing in many industrial purposes.

Industrial diamonds exhibits properties such as fast material removal rates, clean operation and minimizes the sub-surface damage. It also reduces the slurry clean up and disposable problems. Industrial diamonds also have the ability to withstand extreme pressure.

They give perfect finishing after cutting. Industrial diamonds are of two types viz. natural industrial diamond and synthetic industrial diamond. There is a significant variation in the prices of natural industrial diamond and synthetic industrial diamond.

The synthetic industrial diamond has a much higher price than the natural industrial diamond. However, the synthetic industrial diamonds account for major share in the global industrial diamond market. However, global industrial diamond market is expected to witness a high growth rate in the forecast period.

Drivers and restraints

One of the major factor driving the demand for industrial diamond is the growing construction industry. Increasing infrastructures and growing construction along with repair of highways is expected to fuel the growth of industrial diamond market in the near future.

Moreover, the growing transportation sector is anticipated to boost the demand for industrial diamonds, thus helping the global industrial diamond to grow in the upcoming years. The increasing number of automobiles is projected to augment the industrial diamond market in the forecast period.

However, threat from the competitive materials in respect to cost effectiveness is expected to restrain the global industrial diamond market in the forecast period.

Also competition from the growing manufacturers is expected to be a major reason for the price fluctuations, which would impact the global industrial diamond market in the upcoming years. Research and development on more practical use of industrial diamonds can create more opportunities for the industrial diamond market players.

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Region – wise Outlook

Global industrial diamond market is broadly segmented into seven segments based on region as North America, Latin America, Western Europe, Eastern Europe, Japan, Middle East and Africa and Asia Pacific. Global industrial diamond market is prominent in North America.

North America accounts for the maximum share in the global industrial diamond market. United States is the largest market for industrial diamonds and is expected to continue growth in the forecast period. China is one of the major producer of synthetic industrial diamonds. Asia pacific and Europe is expected to witness high growth rates in the global industrial diamond market in the forecast period.

Major key players

Some of the major key players identified in the global industrial diamond market are:

  • 3M company
  • OJSC ALROSA
  • Industrial Diamond Laboratories, Inc.
  • Nixon Industrial Diamonds Ltd
  • Toolgal Industrial Diamonds Ltd
  • Pitt Industrial Diamond Products, Inc
  • Invedia

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

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)

Speak to our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-1030

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.

Industrial Diamond Market Segmentation

Global industrial diamond market is broadly segmented on the basis of types as:

  • Natural industrial diamond
  • Synthetic industrial diamond
  • Diamond stone
  • Diamond bort (fragmented)

On the basis of end use industries, the global industrial diamond market is also segmented as:

  • Construction
  • Mining services (drilling)
  • Stone cutting/ Polishing
  • Machinery manufacturing
  • Transportation systems
  • Others

About FMI

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/industrial-diamond-market
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Vegan Cheese Market Size and Share, Segmentation, Growth Opportunities, Regional Analysis 2022-2032

Newly released data from the global vegan cheese market Analysis shows that the global vegan cheese market enjoyed year-on-year (YoY) growth of 5.7% in 2022 and is estimated to be USD 3,032.0 Mn in 2022 and is expected to witness a prominent growth rate of 9.3% to reach the value of USD 7,352.2 Mn in 2032.

The report examines the factors influencing the market from a global as well as regional perspective. It discovers hidden opportunities for the leading market players. In addition to this, the report identifies the chief growth drivers, restraints, and opportunities.

Additionally, the rise of the vegan cheese business is fueled by rising personal disposable income, altering tastes and preferences, and more adoption of the western lifestyle. Other market growth determinants include an increase in the worldwide vegan population and growing worries about the safety and health of animals. Manufacturers’ increased focus on novel product offerings, combined with increased limits on animal-based food items, will provide the market with even more profitable growth potential. 

Some of the key takeaways from the report are:

  • The expansion of plant-based food industry will support the growth of the vegan cheese market. With the demand for plant-based alternative rising, the market is likely to report impressive growth through the course of the forecast period.
  • In terms of distribution channel, the vegan cheese market is broadly categorized into direct and indirect sales channels. Of these, the indirect sales segment holds dominant vegan cheese market share.
  • Among indirect sales segments, convenience store is likely to emerge as the most attractive segment.
  • Among product types available in the market, the demand for mozzarella vegan cheese is expected to remain high owing to its versatility of use in different recipes.
  • On the basis of source, the almond milk segment is forecast to witness highest growth.

Rising Incidence of Lactose Intolerance to Fuel Demand for Vegan Cheese

A considerably large section of population around the world is lactose intolerant. People with lactose intolerance can rarely enjoy delicacies prepared with milk or milk-derived ingredients. It is due to this that the demand for vegan cheese is on a rise. Vegan cheese is a plant-based dairy alternative, particularly suitable for those suffering from lactose intolerance. Against this backdrop, an increasing number of hotels, restaurants, and cafes have started introducing vegan cheese in their menu to attract consumers who prefer vegan diets and those who are lactose intolerant.

Increasing Disposable Income of Consumers Supports their Purchase Decision

In the last couple of years, consumers’ willingness to spend on exotic and humane plant-based diet has greatly increased. In addition to this, a stable increase in the demand for novel food alternatives is noticed. They are motivated by various advertisements and campaigns to obtain essential nutrients from plant-based alternatives, and this decision is supported to an extent by their increasing disposable income.

Who is winning

Despite witnessing impressive growth opportunities, lack of awareness is a key factor limiting the market’s expansion in developing and underdeveloped regions. As a result of this, conventional dairy products continue to remain popular in several potentially lucrative markets. This is a chief factor restraining the market’s expansion.

Nonetheless, the market players are likely to overcome this challenge as they invest in marketing strategies besides innovating healthier and more cost-effective vegan cheese. Also, concerns pertaining to animal welfare is expected to tip scale in favour of veganism, in turn bolstering growth opportunities for the vegan cheese market.

Some of the leading players operating in the vegan cheese market are Daiya Foods, Inc., Follow Your Heart, Go Veggie, Parmela Creamery, Kinda Co., Bute Island Foods Ltd., Vtopian Artisan Cheeses, Kite Hill, Miyoko’s Kitchen, Vermont Farmstead, and Good Planet Foods.

Market Segments Covered in Vegan Cheese Market Analysis

Product Type

  • Mozzarella
  • Parmesan
  • Cheddar
  • Cream Cheese
  • Ricotta
  • Others

Form

  • Shreds
  • Blocks and Wedges
  • Slices

Source

  • Almond Milk
  • Soy Milk
  • Coconut Milk
  • Cashew Milk
  • Others

End-Use

  • Food Processing
  • Baked Goods
  • Sauces, Dips and Dressings
  • Snacks
  • Processed and Packed Foods
  • Ready Meals
  • Dairy and Desserts
  • Food Service/HoReCa (Hotels, Restaurant, Cafes)
  • Household/Retail

Nature

  • Conventional
  • Organic

Sales Channel

  • Direct Sales
  • Indirect Sales
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Speciality Retail Stores
  • Traditional Grocery Stores
  • Online Retailers

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Frequently Asked Questions

  • How much is the current worth of the vegan cheese market?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the demand outlook forecast for the vegan cheese market?
  • Who are the top 5 players operating in the market?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for vegan cheese?
  • What outlook does Europe provide?
  • At what rate will the U.S. vegan cheese market grow?

About FMI

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Cocoa Butter Market Potential growth, attractive valuation make it is a long-term investment by 2031

Demand for cocoa butter market is expected to reach US$ 6.7 Bn in 2021, according to the latest Future Market Insights (FMI) study. The market value has been forecast to total US$ 9.8 Bn by 2031, exhibiting growth at CAGR of 3.8% for 2021-31.

The rising demand for better texture and appearance of chocolates besides their flavor will create a conducive environment for the growth. Some of the leading cocoa butter processors are emphasizing on strengthening their trade relations with countries exporting cocoa beans.

“In terms of key market strategies, industrial manufacturers of cocoa butter are focusing on strengthening their trade relations with major cocoa producing countries. Other manufacturers are focusing on expanding their presence in the Asian regions, especially in regions such as ASEAN through facility and product portfolio expansion”- Principal Analyst, Food and Beverages, Future Market Insights

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Key Push Factors Driving Cocoa Butter Market Sales Growth Globally

  • Growing demand for chocolate in dairy, frozen desserts and bakery, is expected to pave lucrative opportunities. Novelty products in the confectionery segment have triggered the demand for cocoa butter. Premium and novel cocoa products are expect to tighten their grip over the food industry in developed regions.
  • Given the high competition in cocoa market, demand for high quality texturing agents is expected to flourish, thereby translating into premiumization of cocoa butter, to suit the consumer demands.
  • Emerging substitutes including cocoa butter equivalents (CBE) are not likely to replace cocoa butter, owing to its unfulfilling taste and texture compared to the conventional cocoa butter.

Regional Outlook: New Opportunities Spotted in APEJ and Eastern Europe

  • Asian nations including Indonesia, Malaysia, India and China are projected to offer lucrative growth opportunities for cocoa butter manufacturers. Falling cocoa butter prices have encouraged confectioners to develop new products due to affordability in Asia Pacific along with Easter Europe. One such key development includes, Cargill Inc expanding its cocoa products portfolio investment in India.
  • Countries like Indonesia, Viet Nam and Malaysia are embracing the growth in the processing activities of cocoa beans and have emerged as potential pockets of opportunities in the Asian region for the cocoa butter market.
  • In Eastern Europe, the cocoa butter consumption is on the rise in regions such as Turkey and Poland. These countries are expected to register significant growth over the forecast period. The confectionery segment is expected to register 1.9x growth in terms of value over the forecast period.
  • In North America, shift toward naturally aromatic ingredients and organic and clean-label products will translate into promising growth of natural cocoa butter—with highest adoption in the frozen desserts segment.
  • In Western Europe, Germany accounts for almost 30% market share in the cocoa butter market. On the other hand, Switzerland is expected to remain one of the major consumers of cocoa butter due to its large capacity of chocolate production.

Key Insights from the Segmentation Analysis of the Cocoa Butter Market

  • Deodorized cocoa butter is expected to witness significant demand in the cosmetic and personal care industries.
  • In terms of nature of cocoa butter, the clean-label trend will remain a key push factor for organic confectionery products- specifically in developed regions.
  • Blocks and powder, in short solid form, is an ideal choice of product form preferred by industrial manufacturers. Ease of transportation and storage, will work in the favor of block form cocoa butter—registering high growth in terms of value and volume. In APEJ, the powder segment is expected to register 2.2x growth in terms of value over the forecast period.

Cocoa Butter Market by Category

By Product Type:

  • Natural
  • Deodorized
  • Semi-deodorized

By Nature:

  • Organic
  • Conventional

By Product Form:

  • Blocks
  • Powder
  • Liquid

By End Use:

  • Food & Beverage Industry
    • Confectionery
    • Bakery
    • Frozen Desserts
    • Nutritional Drinks
    • Others
  • Pharmaceuticals
  • Personal Care & Cosmetics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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Frequently Asked Questions

  • What is the cocoa butter market size?
  • At what rate did the demand for cocoa butter grow between 2020 and 2021?
  • What is the sales outlook for cocoa butter?
  • Who are the top players in the cocoa butter market and what is their market share?
  • What is the growth outlook for North America cocoa butter market?
  • At what rate will sales of cocoa butter grow in Europe?
  • What are the key trends shaping the cocoa butter market?

About FMI

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

Contact:

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Refractory Cement Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast to 2031

According to latest research conducted on refractory cement market, it is expected to register a CAGR of over 4-5% during the forecast period 2021 to 2031. The market is being driven by its applications in industries that require a high thermal & electrical insulation such as at furnaces, wood burning places, firebox chambers where it provide excellent thermal insulation & helps in preventing the gas leakage.

However, the market’s growth has been hampered in the short to medium term by unfavourable conditions caused by the COVID-19 pandemic outbreak.

What is Driving Demand for Refractory Cement?

Refractory cement is created from high-quality bauxite and lime, as well as other raw materials mixed in the right proportions. The clinker with aluminate as the major component is ground into a fine powder after sintering to produce a hydraulic cementing material that is fire resistant.

This cement hardens rapidly. Refractory cement may be a common lining material for kiln, which is widely employed in hot temperature industrial kiln of furnace, hot furnace, heating furnace, boiler and other industries.

Due to its excellent thermal insulation property it is used in blast furnaces, wood burning places, incinerators to maintain the temperature and prevent the leakage of gas. It helps in sealing the gas that results in the temperature maintenance. As it is used in these industries at large scale, the demand is anticipated to grow in near future.

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Demand & Role of Refractory Cement

To lessen the danger of mechanical failure, this cement includes binding elements with superior thermodynamic properties. Some fused minerals, such as alumina or aluminum oxide, are used to link materials and provide higher temperature resistance without compromising the material’s basic property & formability.

This setup makes it possible to make refractory cements with an exceptional combination of formability and thermal resistance. When exposed to temperature changes, solids, particularly thermally conductive metals, expand and shrink.

In the midst of continual thermodynamic stress, this cement used to attach structural metals together in refractory applications, or for the sealing of joints and gaskets, while effectively maintaining their structural integrity. Regular cement may expand successfully in conjunction with other rigid equipment, but it frequently fails during contraction due to clinker or binding material breakdown.

Hence due to its properties, this cement is used at fireplaces, furnaces where it provides excellent electrical & thermal insulation. In coming period demand is expected to increase as it is highly preferred material in high temperature industrial applications.

Asia Pacific Demand Market Outlook for Refractory Cement

Asia-Pacific is expected to dominate the refractory cement market owing to the strong production and consumption pattern in China. The Asia-Pacific region is predicted to grow with the high rate within the forecast period of 2021 to 2031, because of the large population which leads to significant demand for construction and automotive industry.

This cement is used to produce refractory materials which are required to be used in high temperature and insulation applications across furnaces and rotary kilns, and thus find high demand across fast developing economies such as India and ASEAN countries. This factor also creates large customer base within the region for the market.

Europe Demand Outlook for Refractory Cement

Europe is expected to play significant role in the driving the demand of the market. This cement bears excellent thermal & electrical insulation properties which are required in various industries such as production of steel, iron and other materials, where it maintains the temperature & provide insulation.

As the production & consumption of steel, iron will increases in Europe, it will help in propelling the consumption of refractory cement and is expected to drive the demand for this market. Germany, France and UK are some of the most important demand centres for this product in the European region.

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Who are the Key Manufacturers and Suppliers of Refractory Cement?

The Refractory Cement market is fragmented in nature, while there are top players accounting for a major share of the market as well as small players are also taking active participation in the growth of the market. Some of the key companies in the market include

  • Fosroc limited
  • 3M
  • Pocono Fabricators
  • Oldcastle Precast
  • Sankosha U.S.A.
  • Rath Incorporated
  • Fresh Loaf
  • VITCAS
  • SECAR
  • Sheffield-pottery etc.

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 Segments

By Type:

  • Dolomite Cement
  • Calcium Magnesium Aluminate Cement
  • Aluminate Cement
  • Low Calcium Aluminate Cement

By Purity:

  • Low Purity
  • Intermediate Purity
  • High Purity

By Application:

  • Building & Construction
    • Flooring Products
    • Tile Adhesive
    • Mortar
    • Aggregates
  • Refractory
    • Furnaces
    • Industrial Kiln
    • Rotary Kiln
    • Others
  • Wastewater & Sewage Pipes
  • Others

About FMI

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/refractory-cement-market
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Plant-based Snacks Market Regional Outlook, Trends, Key Companies Profile, CAGR and Forecast to 2032

The global plant-based snacks market size stood at US$ 34.69 Bn in 2019. Rising at a CAGR of 8.7%, the market is forecast to reach US$ 73.61 Bn by the end of 2028, finds Future Market Insights in a report, titled “Plant-based Snacks Market: Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2028.”

The report discovers hidden opportunities in the market to empower companies irrespective of their sizes. It compiles in-depth information on prevailing trends and regulatory policies that are likely to affect the market dynamics. It also contains detailed information about competitive trends sweeping the market. The report covers a detailed market analysis intended to help market players determine their corporate strategies with precision and accuracy.

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Globally the demand for meat alternatives is rising at a fast pace. Besides growing health concerns, the recent spread of various infectious diseases, linked to consumption of animal meat, has created an environment conducive to the expansion of meat alternatives businesses. Experts also attribute the ongoing vegan trend to the surging demand for meat alternatives among key products available in the plant-based snacks market. In addition to meat alternatives, plant-based snacks bars are likely to remain highly popular among health conscious population.

Some of the key takeaways from the report are:

  • Rising awareness about health and wellness creates incredible growth opportunities
  • North America forecast to hold dominance over the forecast period, but Asia Pacific excluding Japan is projected to show more impressive growth.
  • Besides health consciousness among consumers, availability of plant-based snacks in diverse flavours will aid the expansion of the overall market.
  • On the flip side, high price of plant-based products may pose threat to the market.
  • Never mind this, the rising demand for meat-substitutes will stoke growth opportunities for the market in the coming years.

Excessive Snacking Resulting from Increasingly Hectic Lifestyle Fuels Demand

Fast-paced lifestyle of consumers across the globe leaves little scope for traditional three course meal with families. This is attributable to increasing industrialization and rapid urbanization. Frequent-snacking has struck consumers hard. It is no surprise that a majority of them involuntarily turn to round-the-clock snacking to gratify hunger. This did provide an opportunity for manufacturers to rejoice but did not carry good news for consumers. Their snacking habit, in addition to unhealthy lifestyle, amplified the prevalence of various chronic ailments such as cardiovascular disorders and diabetes. While it is difficult to tone down fast-pace life, consumers nowadays have become more conscious about their health and wellness. Therefore, the demand for plant-based snacks is evidently high. In general, there is willingness among consumers to spend on snacks that are nutritious and contain natural ingredients.

Increasing Food Safety Concerns Tips Scale in Favour of Healthier Plant-based Snacks

Most dairy-based products use antibiotics and hormones. Rising concerns pertaining to the safety of dairy-based products are causing consumers favour safer alternatives such as plant-based products. An increasing number of consumers are avoiding dairy-based products and switching to plant-based alternative, including snacks.

Consumers are Swayed Away by Reports of Animal Cruelty and News about Maltreatment in Food Industry

Consumers around the world have become more sympathetic and sensitive towards animals. The conditions in which they are raised and harvested are not necessarily compassionate. Increasing focus on animal welfare is one of the primary factors swaying customers away from animal-based products to plant-based alternative. For instance, cows often undergo genetic manipulations and are administered with bovine growth hormones so that they produce a certain volume of milk every year. News about atrocities on animals is spreading like wildfire. As a result an increasing number of consumers globally are opting for plant-based snacks instead of dairy products.

Who is Winning?

The demand for plant-based snacks, resulting from changing eat-habits of consumers, will continue rising through the forecast period. Market players are therefore expected to witness increasing demand. In order to stay relevant in the global plant-based snacks market and gain competitive edge, some of the leading players are focusing in product innovations. For instance, they are experimenting with flavours, ingredients, and various combinations to gain traction. Some of the larger companies are acquiring smaller companies with promising outlook to expand their footprint and product portfolio.

Some of the leading companies operating in the plant-based snacks market are General Mills Inc, Maple Leaf Foods Inc., The Unilever Group (Growing Roots), Blue Diamond Growers, Inc., Nestlé, Primal Spirit Foods, Inc., Louisville Vegan Jerky Company, Eat Natural, Eat Real, Green Park Snacks Ltd (Hippeas), Quorn, Soul Sprout, Oumph, Upton’s Naturals, and Drink Eat Well, LLC (Hilary’s).

PLANT-BASED SNACKS MARKET TAXONOMY

The report segments the global plant-based snacks market in detail to present an executive-level blueprint to the reader

Source

  • Meat Alternative Snacks
  • Cereal/ Grain based Snacks
  • Plant-based Salted Snacks
  • Plant-based Snack Bars
  • Fruit and Nut Snacks
  • Others

Nature

  • Organic
  • Conventional

Format

  • Savoury
  • Sweet

Packaging

  • Pouches
  • Wrappers
  • Bags
  • Tins

Sales Channel

  • Food Service Provider
  • Hypermarket/ Supermarkets
  • Convenience Store
  • Specialty Store
  • Small Groceries
  • Online Retail

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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FREQUENTLY ASKED QUESTIONS ABOUT PLANT-BASED SNACKS MARKET

  • What drives the plant-based snacks market?

The rising awareness about health and wellness is the key factor enabling growth in the plant-based snacks market. Changing consumer preference has stoked demand for healthier food, which in turn encourages growth in the market.

  • Which factors put plant-based snacks market at risk?

Some varieties of plant-based snacks include high amount of processing and added fats, particularly to replicate the flavour of fellow meat-based counterparts. This makes consumers question the health benefits of the products, which may hamper the market growth to an extent.

  • Which region will lead the global sales of plant-based snacks?

Regionally, North America currently holds the largest share in the global market. However, over the course of the forecast period, Asia Pacific is expected to emerge as the most lucrative market, exhibiting the highest rate of growth.

  • Which product-based segment offers most lucrative growth opportunities?

Meat-alternatives segment has emerged as the most lucrative product segment.

  • Which segment based on nature will record the highest growth?

The conventional segment in the plant-based snacks market currently holds the leading share. However, over the forecast period, organic segment is likely to register a higher rate of growth

About FMI

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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Green Solvents Market 2022 – Future Plans and Industry Growth with Quantitative And Qualitative Analysis by 2031

As per the latest global industry analysis for historical period of 2016-2020 and upcoming assessment period of 2021-2031, the demand for green solvents is expected to grow remarkably with CAGR ranging around 6% to 8%.

The demand for such solvents is anticipated to witness such significant growth owing to rapid rise in awareness towards use of eco-friendly products among consumers over some recent years.

Solvents finds variety of applications including in Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Metal Cleaning, Personal care products, Polymer Manufacturing, Agrochemicals, and various others.


Who Are the Key Manufacturers / Suppliers of Green Solvents?

Key manufacturers or suppliers include

  • BASF SE
  • Archer Daniels Midland Company
  • Vertec Biosolvents Inc.
  • Stepan Company
  • Solvay
  • GFBiochemicals
  • Cargill Inc.
  • Astrobio
  • The Dow Chemical Company
  • India Glycols Limited.

Key manufacturers are engaged in research and development of bio-based solvents that are cost efficient in production and provides high or same properties & performance as that of conventional solvents.

What Is Driving The Demand For Green Solvents?

Solvents finds common usage in the manufacturing of several chemical products. However, the use of solvents is being inhibited substantially in modern chemical formulations owing to the presence of volatile organic compounds (VOC). Increase in stringent regulations over volatile organic compounds (VOC) are hampering the sales of solvents.

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Owing to this scenario the demand for eco-friendly solvents, which contain very low to zero VOC content, is increasing at very rapid pace. In addition, growing trend of sustainability and reducing carbon footprints across the globe is also enabling demand.

These products provide alternative to traditional solvents with similar functionality, which compels the manufacturers to promote the use of these solvents and shift their production facilities towards such solvents to reduce carbon footprints.

Growing Awareness towards Environment Protection Is Likely To Augment Sales of Green Solvents

Volatile Organic Compounds (VOC) evaporates rapidly in air and contributes in formation of smog. Smog have its harmful effects on human health and environment. With the growing awareness towards environment protection consumers are shifting their preferences towards eco-friendly products irrespective of prices and availability.

Green solvents have high production cost which hinders the manufacturers to offer competitive pricing and hence impact overall growth of the market.

Moreover, stringent regulations over the use and production of harmful synthetic chemicals is anticipated to fuel the demand of these solvents during the upcoming assessment period of 2021-2031.

In addition, consistently growth outlook of end-use industries like paints and coatings, agricultural chemicals, personal care and various others is likely to benefit the market of green solvents and is expected to create robust opportunities for green solvents manufacturers during the next decade.


US and China Market Outlook

US is a leading market for green solvents owing to high awareness among the end users across the chemical sector. Consumers based in US are fully aware about the adverse effects of using non eco-friendly products over human health and environment.

Consumers in the country prefer eco-friendly products irrespective of price and efficiency. In addition, various stringent regulations imposed in country over the use and production of solvents by US government and various environment protection regulatory bodies is compelling manufacturers to shift towards production of green solvents.

China is the most lucrative market for the green solvents. The country is one of the leading consumer of solvents. Growing initiatives to reduce pollution and increase use of eco-friendly products by Chinese regulators is expected to make China a lucrative market for green solvents.

China has extra ordinary presence of end-use industries coupled with high presence of raw materials suppliers which makes the country a primary choice for the manufacturer to invest.

The country also offers various manufacture friendly policies which promotes industrialization in the country. Owing to which the country is anticipated to grow at high CAGR during the upcoming assessment period of 2021-2031.

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Europe Demand Outlook

Europe is another significant market for green solvents similar to North America. Various environment protection agencies and regulatory bodies promote the use of eco-friendly products in the region. High awareness towards environment protection among industrial consumers is fuelling the demand in the region.

Extra-ordinary investment in bio-based industries by public as well as private sector across the region over some recent years is expected to benefit the market over the forecast period.

In addition, the region is well known for its industrial presence and research and development capabilities. This factors promotes the growth of manufacturers in the region.

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 an 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 Segments

Type:

  • Bio-Alcohols
  • Bio-Diols
  • Bio-Glycols
  • Lactate Esters
  • Others

Application:

  • Industrial & Domestic Cleaners
  • Paints & Coatings
  • Adhesives
  • Printing Inks
  • Pharmaceuticals
  • Cosmetics
  • Others

Based on Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Europe
    • Germany, Italy, France,U.K., Spain, BENELUX, Russia, Nordics, Others
  • East Asia
    • China, Japan, South Korea
  • South Asia Pacific
    • India, ASEAN Countries, Oceania
  • Middle East and Africa
    • GCC Countries, Turkey, Northern Africa, South Africa

About FMI

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/green-solvents-market
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Die Casting Services Market is Expected to Reach around US$ 90 Bn by the end of 2030 | FMI Report

The die casting services market is expected to reach around US$ 90 Bn by the end of 2030, rising at a CAGR of 9.7% between forecast period 2020 and 2030.Growing popularity of aluminium die casting is expected to boost the global die casting services market. According to a recent report published by Future Market Insights (FMI),

With more emphasis being given to environmental safety, the exigence for eco-friendly vehicles is increasing. Light weight components are rising in demand in order to adhere to environmental guidelines and regulations to achieve maximum fuel efficiency and minimum emissions. Thus requirement for die castings is expected to rise further in the next decade.

To cater to these needs, light weight metals like aluminium are witnessing a surge in demand within the casting industry. Owing to this, aluminium is now the most sought after metal after steel in the casting markets. The rising popularity of aluminium and other lightweight alloys are giving a positive boost to the die casting market.

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Apart from automotive industry where the high quality aluminium is rising in demand, especially for premium automotive manufacturers, other sectors like construction are witnessing a shift from conventional metal steel to aluminium. This shift is seen as a key driver in the die casting market globally.

Furthermore, the technological advancements in the die casting industry are improving die casting capacity in order to offer higher production in short production runs, sophisticated processes and advanced capabilities.

Key Takeaways

East Asia is expected to be the largest market for global die casting services market for the forecast period 2020-2030

High pressure die casting is the leading product segment, however gravity die casting services are gaining significant growth

Automotive industry holds a dominant place in the global die casting services market

Growing concern regarding fuel efficiency and emissions in automotive sector are the major trends influencing the global market

South Asia is forecasted to provide significant growth opportunities for the manufacturers during the period 2020-2030

Covid 19 impact

Covid 19 pandemic has impacted businesses across the world in one way or other. The lockdowns imposed by the countries have impacted various industries.

Automobile and construction sectors are considered to be among the worst hit sectors globally.

Global sales of automobiles and consumer goods has seen a decline since the onset of lockdowns due to pandemic in March 2020. Since the income of many has stopped as a result of job losses, even the consumer side has been heavily impacted. People are avoiding buying consumer goods as a result.

With productions coming to a halt and transport at a standstill, the global die casting industry has witnessed the heavy impact of the pandemic.

This mindset is affecting the global die casting market in a negative way, as automobile and consumer goods sector along with construction sector are incurring heavy losses due to this.

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Who is winning?

With a huge global potential for die casting services, the industry players are relying heavily on research and development for technological advancement to gain advantage over the competitors.

Apart from this new product launches are also expected to give an edge over the other players in the market. Furthermore, expansion of businesses to cater to a wider population remains one of the key strategies of the companies, with the help of mergers and acquisitions.

For instance, companies are acquiring speciality die casting foundries and merging them to cater to a bigger audience.

Dynacast Inc., for example, acquired precision die casting company Tauus ’80 and Schlieper druckguss, which is a specialty die casting company for zinc and formed a new entity called Form Technologies in 2018.

Some of the market players in the global die casting services market are Spark Minda, Kuusakoski Group, NEMAK, Ryobi Limited, Linamar Corporation, Carlton Die Castings Ltd., Form Technologies, Handtmann Group of Companies, Koch Enterprises Ltd., Premier Die Casting Company, Expromet Technologies Global Limited, Elcee Group B.V., Dean Group of Companies, Koch Enterprises Inc., MRT Castings Ltd., JPM Group, NovaCast Limited, Arrow Butler Castings Ltd, Lupton & Place Ltd., and Harrisons Die Casting, among others.

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About Future Market Insights (FMI)

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
sales@futuremarketinsights.com
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