FIBC Market Is Set to Experience Revolutionary Growth by 2032

FIBCs were rugged sheets made up of heavy-duty PVC coated polyester or nylon are combined together to get the shape of containers and lifted using pallets. With increasing demand for low space consuming flexible packaging, these FIBCs paved the way for woven polypropylene bulk bags.

Although FIBCs are primarily used to ship hazardous chemicals only, owing to constant innovations in the structural and design features. According to Future Market Insights, the FIBCs are extensively used in mining, building and construction, food, and agriculture industries.

FIBCs not only offer bulk quantity packaging but also protect and guarantees the shelf life of the products. FIBCs with modified atmospheric packaging (MAP) technology prevents product decay by replacing oxygen with nitrogen in the packaging.

Recently, the use of such containers in the food industry has increased exponentially due to the ability to provide greater protection to the products’ shelf lives. Besides this, consumers are more inclined towards hygiene and cleanroom packaging formats.

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Hence, key players and end users are taking extra care to safeguard product from contamination. The UV-protected bags and the FIBCs made up of 100% virgin polypropylene fabric are the best suitable options for the outdoor applications and cleanroom packaging helps to eliminate chances of contamination.

As FIBCs are used to transport hazardous materials, the risk of fire is more during transportation especially in the high temperature regions. Hence, chemical industries transporting explosive materials have high demand for fire retardant bulk bags. The FIBCs produce with PP fabric and fire retarding chemicals ensures optimum fire safety and therefore such FIBCs are in huge demand in the past three years.

A list of Key Players Covered in the FIBC Market are:

  • Grief
  • Berry Global Group
  • Intertape Polymer Group.
  • Conitex Sonoco
  • LC Packaging International BV
  • RDA Bulk Packaging Ltd.
  • Conrop
  • s.r.o.
  • MANICARDI® srl
  • J&HM Dickson Ltd.
  • DS SMITH plc
  • Sokuflex Behälter GmbH
  • Bulk Containers Europe BV.

Key Takeaways from Global FIBC Market

  • FIBC with a carrying capacity above 750 kgs is expected to hold major pie of 55% value share.
  • Q bags with baffles are estimated to increase 1.7x of the current market value, by next decade.
  • In terms of end use, chemicals & fertilizers segment is estimated to dominate the FIBC industry, registering CAGR of 5.8% in the global market.
  • During the projected period, the U.S. FIBC market is expected to rise significantly.
  • During the forecast period, the Indian FIBC market is expected to grow at a CAGR of 6.8% until 2032.

“Integration of smart technologies in the FIBCs is setting new sales benchmarks in the global market. MAP, UV resistant, fire-resistant, and data retrieval technologies based FIBCs are creating boom in the market. To capitalize on this trend, manufacturers are targeting e-commerce and food industries.” – Says FMI Analyst

Growth Drivers & Challenges of Global FIBC Market

One of the primary factors driving the growth is rapid industrialization around the world. FIBCs are rapidly being used by chemical and agriculture product makers to transport grains, rice, potatoes, cereals, and liquid chemicals.

Construction supplies such as carbon black, steel, alloys, minerals, cement, and sand are also stored and transported in these bags. Furthermore, rising environmental concerns, as well as increased demand for lightweight, biodegradable, bulk packaging materials for pharmaceutical products is driving market expansion.

Pharma-grade FIBC is used to store and prevent contamination of a variety of medical items. Product advancements, such as the development of FIBC variations as hygiene packaging solutions, are contributing to this rise.

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Global FIBC Market by Category

By Packaging Type:

  • Q-bags
  • Baffle Bags
  • Circular Bags
  • 6-panel
  • Others

By Capacity:

  • Upto 250 Kg
  • 250 kgs – 750 Kgs
  • Above 750 Kgs

By End User:

  • Building & Construction
  • Chemicals & Fertilizers
  • Food Products & Agriculture
  • Pharmaceuticals Products
  • Mining

Flexible intermediate bulk containers (FIBCs) are also known as bulk bags, jumbo bags, and big bags. These are made of flexible woven material typically polypropylene (PP) and possess the capacity to hold 500 kg to 2,000 kg of weight. They are commonly used to store dry and flowable products such as grains, seeds, salts, chemicals, sands, clays, cement, and others. FIBC majorly finds application in various end-use industries including food, chemical, pharmaceutical, building & construction, mining, and others.

Countries in North America and Europe are the largest consumers of FIBC. Key product manufacturing countries are China, Turkey, and India. The global market players for flexible intermediate bulk containers majorly compete on the basis of price per unit. Therefore, in order to lower the cost of production, manufacturing companies and distributors of North America and Europe largely outsource manufacturing activities from the aforementioned countries.

The demand for flexible intermediate bulk containers in developed countries including the U.S., Japan, Germany, France, and others, is mainly driven by rising pharmaceutical industry owing to increasing aging population.

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

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Mailers Market Important Changes in Industry Dynamics during 2022-2032

The global mailers market is expected to reach a valuation of US$ 2.9 Bn in 2022. With sales growing at a 5.1% CAGR, the market valuation will reach US$ 4.8 Bn by 2032. Packaging companies across the globe are using mailers as a reliable and protective solution while shipping products.

Padded mailers are generally made from polyethylene, kraft paper, and fiber-based materials. the Increasing demand for electrical gadgets is propelling sales of cushioned mailers, which is expected to augment the growth in the market.

Manufacturers are including to improve the capabilities of mailers. They are also using recyclable materials to keep up with the sustainability drive across the globe. Key players are investing in cohesive cold seal packaging techniques in mailers to ensure maximum protection of products.

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These mailers ensure optimal sealing for cold seal materials and does not bind with other comparable materials, thereby reducing distribution costs and damage incurred while shipping cold products. These mailers reduce the shipping time and maintain the quality of products packed within.

Padded mailers do not require structural support and thick padding. This improves their efficiency in transporting goods, taking lesser time, while enabling manufacturers to store and ship them in smaller spaces

Further, cushioned mailers are being adopted in the ecommerce sector owing to their benefits such as cost-effectiveness and light weight. Increasing sales of various products through online retail channels will continue pushing sales in the market.

“Surging demand for eco-friendly packaged solutions across the globe is boosting sales of paper mailers, thereby augmenting the growth in the market. Besides this, increasing investments in research and development by key market players to improve the efficacy of cushioned mailers will drive the market over the forecast period,” says an FMI analyst.

Key Takeaways:

· Based on material, sales in the paper mailers segment will account for 60% of the total market share, offering an incremental opportunity of US$ 1.3 Bn over the forecast period.

· The sales of cushioned mailers are estimated to increase at a 5.9% CAGR through 2032.

· The consumption of mailers in the shipping and logistics industry is expected to remain high.

· The U.S. is anticipated to dominate the North America mailers market owing to the presence of a robust ecommerce sector in the country.

· Demand in the China mailers market will grow at a 6.5% CAGR over the forecast period.

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Global Mailers Market Landscape

  • Sealed Air Corporation,
  • ProAmpac LLC,
  • 3M Company,
  • Georgia-Pacific LLC,
  • Pregis LLC,
  • Intertape Polymer Group Inc.,
  • PAC Worldwide Corporation,
  • VP Group (Vereinigte Papierwarenfabriken GmbH),
  • Storopack Hans Reichenecker GmbH,
  • PolyPak Packaging,
  • Bravo Pack Inc.,
  • Polycell Group,
  • Insulated Products Corporation,
  • MAILERS HQ,
  • BETA(ShenZhen) Package Products Co.Ltd

are some of the leading players operating in the global mailers market.

Global Mailers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for mailers market by material type (paper mailers, plastic mailers), product type (cushioned mailers, non-cushioned mailers), insulation (insulated mailers, non-insulated mailers), end use (manufacturing & warehousing, shipping & logistics, e-commerce) across seven regions.

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Global Mailers Market by Category

By Material Type:

  • Plastic
  • Paper

By Product Type:

  • Cushioned Mailers
    • Bubble Mailers
    • Padded Mailers
  • Non-Cushioned Mailers

By Insulation:

  • Insulated
  • Non-Insulated

By End Use:

  • Manufacturing & Warehousing
    • Pharmaceuticals
    • Electrical & Electronics
    • Cosmetics & Personal Care
    • Automotive
    • Food
    • Others
  • Shipping & Logistics
  • E-commerce

By Region:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania

About Us:

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Ethylene Dichloride Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2028

Future Market Insights has published a new research study titled “Ethylene Dichloride Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028”. As per data cited in the report, the market value roughly equated US$ 19.2 Bn in 2021, which will reportedly grow at a modest 3.7% CAGR through 2028. The overall Y-o-Y growth estimated for the global ethylene dichloride market will remain moderate, under-4% throughout the projection period, 2022-2028.

The study attributes the positive growth prospects of ethylene dichloride market to the increasing consumption of ethylene dichloride (EDC) across the chemical industry, which is further strongly supported by robust growth of infrastructural activities demanding volumes of ethylene dichloride for specialized applications. According to FMI’s analysis, applications of ethylene dichloride will be prominent in polyvinyl chloride (PVC) or vinyl monomer chloride, generating high traction within the residential and commercial infrastructure.

  • Vinyl monomer chloride segment is estimated to hold more than a three-fourths market value share in the global market by the end of the forecast period.
  • Collectively, North America and East Asia are expected to hold more than half the value share of the global ethylene dichloride market.
  • In the East region, China is a prominent consumer of ethylene dichloride.

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Chemical Industry Continues to Extend the Lion’s Share towards Ethylene Dichloride Market Growth

The global chemical industry is expected to exhibit strong growth over the next few decades, which is most likely to accelerate a shift from imports to domestic manufacturing bases, particularly in emerging economies. While developing regional markets continue to receive strong governmental support, the report opines that consumption of ethylene dichloride will continue to see a surge over the coming years.

Substantial volumes of ethylene dichloride are consumed as a solvent in the manufacturing of ethylene amines and in the fumigation production process. Thus, the growth of the chemical industry is expected to directly propel the growth of ethylene dichloride market.

Furthermore, growth of textile, adhesives, and mining industries will create high-potential opportunities for intermediates such as ethylene dichloride. Such organic growth across multiple end users of ethylene dichloride is projected to fuel the global ethylene dichloride market growth during the forecast period.

Ethylene Dichloride Finds Applications as a Raw Material in PVC Production

Ethylene dichloride is predominantly used as a raw material of polyvinyl dichloride (PVC) and thus, the ethylene dichloride market is influenced by the thriving PVC/VCM market.

Global PVC sales accounted for the revenue of over US$ 58 billion in 2017 and the consumption is expected to grow at a healthy rate through 2022, as indicated by research. In light of this unmet demand for PVC, the global ethylene dichloride market is anticipated to register a healthy CAGR throughout the forecast period.

Stringent Regulations on Ethylene Dichloride Create Manufacturing Challenges

On the flip side, ethylene dichloride is toxic in nature and highly flammable, and has a pleasant chloroform-like odour and irritating vapours. It can affect the nervous system, cause nausea, drunkenness, depression, and vomiting.

EDC affects the central nervous system and cardiovascular system and in certain cases, it may be fatal. It is considered poison for the liver and kidney. These factors are estimated to hinder the overall performance of ethylene dichloride market in years to come.

Leading Ethylene Dichloride Manufacturers Adopt Application-specific Business Strategies

Key players of the global ethylene dichloride market are focusing on collaborations, innovative product development, acquisitions, and expansion. Manufacturers are primarily targeting high development areas and producing application-specific products to gain higher market attraction.

  • Olin Corporation (Manufacture of ethylene dichloride) signed an agreement with The NRC Group for the distribution of chemical products including ethylene dichloride, epoxy resins and curing agents for coatings, civil engineering, adhesives and composites industries across Europe. Further, in 2015, the company acquired the Chloralkali and epoxy division from The Dow Chemical Company to fulfil the increasing demand for commodity chemicals.
  • Three subsidiaries of TOSOH CORPORATION, a manufacturer of ethylene dichloride, namely Tosoh Finechem Corporation, Tosoh F-Tech, Inc and Tosoh Organic Chemical Co., Ltd. were merged together to combine their distinctive technologies to accelerate the development of chemical compounds.
  • In 2019, Formosa Plastics Corporation, a manufacturer of ethylene dichloride, announced the expansion of ethylene dichloride production by up to 800,000 metric tons per annum in Mailiao, Taiwan.

The report on the global ethylene dichloride market studies some of the major players in the ethylene dichloride market, such as Occidental Chemical Corporation, Formosa Plastic Corporation, Olin Corporation, Vynova Group, Tosoh Corporation, SABIC, Tokyo Chemical Industry Co., Ltd. PT Asahimas Chemical, Prochem, Inc., and ThyssenKrupp AG, and among others.

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Ethylene Dichloride Market By Category

Application :

  • Vinyl Chloride Monomer (VCM)
  • Ethylene Amines
  • Other Solvents

Production Process :

  • Direct Chlorination
  • Oxy Chlorination

Region :

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA

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

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Filter Bags Market Size, Share, Growth Trends, and Forecast Analysis to 2032

The global filter bags market is estimated at USD 2.5 Bn in 2021 and is projected to procure USD 2.7 Bn by 2022. The market is anticipated to garner USD 4.3 Bn by 2032 while recording a CAGR of 4.9% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing initiatives of the government to reduce air pollution and the rapid urbanization taking place across various developing countries.

Moreover, the growing cement and mining industries are another salient factor augmenting the industry in the assessment period. The growing usage of filter bags in coal-fired power plants is likely to offer significant opportunities for expansion in the industry in the forecast period.

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On the contrary, fluctuating prices of raw materials are expected to be the major factor hindering the market expansion. Moreover, the complexity of pollution control reforms is another factor impeding the industry expansion in the forecast period.

Key Takeaways from the Market Study

  • The global filter bags market to hold a value of USD 4.3 Bn while recording a CAGR of 4.9% during the forecast period.
  • Oil & Gas segment to expand at a CAGR of 5.6% during the forecast period
  • The U.S market expected to secure USD 716 Mn while expanding at a CAGR of 4.4%
  • China to record a CAGR of 4% during the forecast period
  • India to witness a CAGR of 6% during the forecast period

“The global filter bags market is expected to show a remarkable growth in the forecast period owing to the growing environmental concerns and the increasing imposition of stringent rules by the government of several countries to curb the air pollution.”

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Competitive Landscape

Key players in the global filter bags market include Babcock & Wilcox Co., Pall Corporation, Thermax D Ltd., Eaton Corporation, and Mitsubishi Hitachi Power Systems Ltd.

Some of the recent key developments among the players are:

  • In May 2021, Mitsubishi Heavy Industries, Ltd. disclosed an agreement under which Mitsubishi Power Ltd. would be integrated into MHI. According to the new agreement, the business operations and employees of Mitsubishi Power involved in the sale, design, installation, and engineering of thermal power generation systems would be transferred to MHI.
  • In February 2022, Babcock and Wilcox Enterprises, Inc. disclosed that it had acquired Fossil Power Systems, Inc., an eminent manufacturer of natural gas, hydrogen, and renewable pulp and paper combustion equipment.

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Key Segments Covered in the Filter Bags Industry Report

By Type:

  • Air Filter Bags
  • Liquid Filter Bags

By Size:

  • 7″ OD x 17″ Long Filter Bag
  • 7″ OD x 32″ Long Filter Bag
  • 4″ OD x 10″ Long Filter bag
  • 4″ OD x 17″ Long Filter Bag
  • 6″ OD x 20″ Long Filter Bag

By Media:

  • Woven Filter Bags
  • Non-Woven Filter Bags

By Application:

  • Filter Bags for Oil & Gas
  • Filter Bags for Mining
  • Filter Bags for Cement
  • Filter Bags for Power Plants
  • Filter Bags for Automobiles
  • Filter Bags for Water Treatment
  • Filter Bags for Aerospace, Defense & Marine

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Key Questions Answered in the Report

  • What is the estimated market value of the global filter bags market?
  • What is the estimated size of the global filter bags market in 2021?
  • Which region is projected to garner maximum market share?
  • What is the expected growth rate of China?
  • Which segment is anticipated to dominate the market?
  • Who are the key participants of the global filter bags market?

About Us:

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

Contact:

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

Website: https://www.futuremarketinsights.com

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Residential & Commercial Smart Glass Market projected to reach approximately US$ 14 Bn by 2028

Residential and commercial smart glass worth approximately US$ 15 billion will be sold by the end of 2028. Up from the market value attained in 2018, the global sales of residential and commercial smart glass are estimated to observe a substantial CAGR of over 15% during 2018-2028.

According to a new market study of Future Market Insights, the demand for residential and commercial smart glass will remain on a constant high over the coming years. The global residential and commercial smart glass market is currently receiving strong demand from the commercial sector. However, it is more likely that the demand for smart glass will gather momentum in the residential sector, in the near future. The report attributes this demand growth to increasing initial interest of buyers in residential and commercial smart glass, particularly for bungalows and luxury apartments.

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Energy Control & Other Clean Technology Initiatives to Boost Residential & Commercial Smart Glass Market Growth

Various initiatives for the clean technology and mostly related to energy conservation and sustainable use of energy is driving the customers to use different products which would serve the purpose. Also, these initiatives are compelling manufacturers of residential and commercial smart glass to invest heavily in the development of versatile products compatible for efficient energy consumption, besides basic functionalities of smart glass.

On the other side, residential and commercial smart glass solutions incur heavy initial expenditure that includes procurement as well as installation expenses. High procurement and maintenance expenses will remain longstanding challenges associated with the revenue growth of residential and commercial smart glass market. Moreover, though most residential and commercial smart glass solutions are dirt-proof and demand occasional cleaning, regular maintenance is required to keep these integrated technologies bug-proof, which further demands expensive regular maintenance. This is projected to have a restraining impact on the overall adoption rate of residential and commercial smart glass solutions.

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Global Residential and Commercial Smart Glass Market Forecast

As far as the residential and commercial smart glass market is observed for indoor conference room, office privacy protection, shower room and product projection application, switchable PDLC (Polymer dispersed liquid crystals) residential and commercial smart glass are used the most.

By region, North America is anticipated to dominate the global residential and commercial smart glass market over the forecast period. North America residential and commercial smart glass market, is expected to be followed by Europe residential and commercial smart glass due to the high percentage of luxurious homes and other commercial building in the region.

In terms of growth rate SEA & others of APAC has the highest CAGR in the residential and commercial smart glass market, followed by China and Latin America residential and commercial smart glass market, which also have a good growth rate compared to the other regions in the market.

The market for the residential and commercial smart glass market is segmented on the basis of end-user, technology type and regions. The end–user segment in the residential and commercial smart glass market is further divided into residential and commercial segments. The residential segment is then further divided into smart windows & doors, smart glass partitions, smart shower glass, and smart glass walls. The commercial sector is further segmented into commercial buildings, architectural use, automobiles, aircraft, marine, consumer electronics and others.

As per the technology type segment the residential and commercial smart glass market is segmented into Electrochromic, Thermochromic, Photochromic, Suspended Particle Device, and Liquid Crystal. The residential and commercial smart glass market is also divided as per building type in the residential segment.

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Residential and Commercial Smart Glass Market: Segmentation

On the basis of end user, the global residential and commercial smart glass market has been segmented into:

  • Residential
  • Commercial

On the basis of technology type, the global residential and commercial smart glass market has been segmented into:

  • Electrochromic
  • Thermochromic
  • Photochromic
  • Suspended Particle Device
  • Liquid Crystal

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:

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Non PVC Plasticizers Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2026

Worldwide demand for non-PVC plasticizers is witnessing a sheer proliferation in line with rising end-user inclination for cost-effective & reliable additives. The non-PVC plasticizers market is estimated to witness sales growing at a CAGR of over 3.5% through 2026, as per the latest research study by Future Market Insights (FMI).

According to the FMI report, non-PVC plasticizers sales remain highly influenced by a cohort of factors, ranging from burgeoning investments in healthcare arena to rising demand for advanced solutions across multiple end-use verticals. Among all product types in the non-PVC plasticizers market, end-users will shift their preferences for benzoate plasticizers during the forecast period. This buoyancy can be attributed to ability of benzoate plasticizers to offer expanded performance utility over any other product types.

As per the FMI research study, demand for non-PVC plasticizers will witness exponential growth in manufacturing of medical products by 2026. Plasticizers will continue to be highly sought-after in order to attain the appropriate level of flexibility and softness. Some of the products in the medical products space, including bags, gloves, and tubing, are likely to register substantial demand for Non-PVC Plasticizers in the forthcoming years. While the demand of non-PVC plasticizers for medical products is estimated to witness 1.4X growth, tubing is likely to create notable incremental $ opportunity by 2026 end.

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Similar to cases of all medical devices, medical equipment with plasticizers is subjected to uncompromising pre- as well as post-market evaluation processes for ensuring safety & performance, unveils the FMI report. In response to the aforementioned, manufacturers in the non-PVC plasticizers market are making their products undergo rigorous examination, with an objective of boosting end-user confidence and repeating sales.

As per the FMI analysis, China is likely to flourish and capture a significant position, both in value and volume projections, in the global non-PVC plasticizers market for application market in 2019 and the status quo is unlikely to change during the assessment period. Rapid growth in the pharmaceutical, healthcare, and personal care spaces are among the prime factors favouring growth of non-PVC plasticizers market.

However, ambiguities over use of plasticizers will continue to dent end-user confidence, thereby challenging growth of non-PVC plasticizers market. Phthalates, holding nearly 57% share in the overall non-PVC plasticizers market, remain one of the widely-used ones across multiple applications. Though Phthalates offer multiple advantages, they do carry the risk of various adversities with respect to health and environment. In line with this, stringent and uncompromising regulations would restrict the use of non-PVC plasticizers, deterring growth of non-PVC plasticizers by a certain extent.

According to the FMI analysis, leading manufacturers operating in global non-PVC plasticizers market are focusing on commercialization of products that comply with international certifications and regulations- a key to consolidation in the global market space. In addition, the key manufacturers are also vying to expand customer bases across key countries of Asia Pacific, a region with promising in terms of sales of non-PVC plasticizers. The participants of the non-PVC plasticizers market also remain involved in differential business models and strategies, such as strategic mergers and acquisitions, with an objective of amplifying their reach and cementing their position across multiple regions.

The report features some of the leading manufacturing companies operating in non-PVC plasticizers market, such as Exxon Mobil Corporation, LG Chem Ltd., BASF SE, Evonik Industries AG, Nan Ya Plastics Corporation, Eastman Chemical Company, Arkema Group, UPC Group, Hanwha Chemical Co., Ltd., Ferro Corporation, and others.

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Key Segments

By Product type

  • Phthalates
  • Trimellitates
  • Tetrapthaletes
  • Aliphatic
  • Cyclohexanoates
  • Benzoates

By Application

  • Paints & Coating
  • Rubber Products
  • Adhesive & Sealant
  • Personal Care Product
  • Medical Products
  • Household Products

By Region

  •  North America
  • Latin America
  • China
  • Japan
  • Europe
  • MEA
  • SEA and Other APAC

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Turpentine Market is anticipated to exceed US$ 1.51 Bn by 2028, rising at a CAGR of 6.1% – Future Market Insights

The global turpentine market is estimated to create an incremental dollar opportunity of US$ 1.05 Bn by the end of 2022. Increasing usage of turpentine across paints & coatings and home care sectors is expected to complement the growth in the market.

Fragrance manufacturers, followed by cosmetics companies, continue to account for maximum volume sales of turpentine. As the focus on bio-based products intensifies with rising sustainability quotient, the demand for turpentine is most likely to thrive at a robust pace over the coming years.

The report opines that consistently high demand for alpha & beta pinene, limonine, and a few other popular aromatic compounds will remain the key booster to highest turpentine consumption by fragrance manufacturing companies. Fragrance applications currently account for more than 40% of total consumption volume of turpentine. Besides cosmetics, which is the second most sought after application of turpentine, paints and coatings industry is also likely to develop a consumer market for turpentine in coming years – particularly in Asia Pacific.

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Demand-supply Imbalance Restricting Developed Regional Markets

With falling production of gum turpentine in developed regional markets, manufacturers of turpentine based in North America and Europe continue to face price volatility and subsequently, the demand-supply imbalance. Developed markets majorly rely on turpentine imports and FMI envisages that pricing and supply uncertainly has been compelling manufacturers to shift to turpentine alternatives. This scenario is further complicated by the labor intensive production process of turpentine, which will remain the key challenges limiting revenue growth of turpentine market.

Production-wise, China, Brazil, and Indonesia continue to lead turpentine landscape, according to the report. Escalating number of large-scale processing facilities and increasing pine tapping activities have underpinned the development of a key production and consumer market for turpentine in East Asia. On the other side, prominent countries such as Vietnam and Indonesia are creating a highly favorable scenario for turpentine production and export, in South Asian region. In addition to widespread availability of pine forests and relatively economic labor, China’s strong industrial base is upholding the most attractive market position for East Asia. Flourishing cosmetics and personal care industry is also accelerating consumption of turpentine in this region.

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Top 10-12 players collectively account for 30-35% share in the global turpentine market. FMI’s report tracks some of the most prominent active partakers in the competition analysis, some of which include PT. Naval Overseas, Wuzhou Pine Chemicals Ltd., Punjab Rosin and Chemicals Works, Wuzhou Sun Shine Forestry & Chemicals Co., Ltd., Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Resin Chemicals Co., Ltd, CV. Indonesia Pinus, Guilin Songquan Forest Chemical Co., Ltd., EURO-YSER., and Vinhconship Group. While a majority of companies operating in the competitive landscape of turpentine market are prioritizing gum turpentine production expansion, the report expects most of investments in developing Asian and African countries.

Key Segment

Application

  • Cosmetics
  • Fragrance
  • Food
  • Paints & Coatings
  • Others

Region

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

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

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Synthetic Camphor Market Size, Growth Analysis Report, Forecast to 2028: Future Market Insights

Traditionally, the camphor tree’s secretions are used to make synthetic camphor. Camphor made through chemical synthesis is referred to as synthetic camphor. Turpentine oil is one of the most significant raw materials used in the production of synthetic camphor. Two product categories that differ only in terms of purity make up synthetic camphor.

According to the latest Future Market Insights (FMI) report, the volume sales of synthetic camphor are likely to exceed 36 thousand tons in 2019. Pharmaceutical industry has been a leading end-user of synthetic camphor, upheld by ongoing research activities on extending application scope of synthetic camphor in medicinal formulations.

The FMI report also tracks the synthetic camphor market for the forecast period 2018 to 2028. According to the report, volume sales of synthetic camphor is likely to register 3.0% CAGR through 2028.

Pharma-grade synthetic camphor is extensively used in various topical analgesic products such as ointments, oils, gels, and chest-rubs. These pharma-grade synthetic camphor for topical pain management products are witnessing significant demand owing to consumer preference for self-medication, undergird by enhanced and easy accessibility of OTC products. According to the report, pharma-grade synthetic camphor is projected to account for more than 50% volume share in 2019 in the synthetic camphor market.

Pharma-grade synthetic camphor sales are also significantly driven by growing demand for private-labelled camphorated medical products. For example, private labelled analgesic products have gained increased popularity in the US, as they are devoid of FDA approval, and witness strong promotion from retailer businesses.

A key factor restricting adoption is regulations on the use of synthetic camphor in pharmaceutical products, such as the US FDA’s classification of certain camphorated oil products would require patients to hold doctor’s prescription for consumption. Moreover, rising costs of raw materials such as turpentine oil is emerging as a key concern for manufacturers producing pharma-grade synthetic camphor.

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Gains Remain Strong from Synthetic Camphor Sales in Plasticizer Production

Synthetic camphor continues to witness robust adoption in plasticizer production, which prevails as a critical component for paint and coating formulations. Additionally, demand for plasticizers in PVC and cellulose fiber production, has significantly underpinned sales of synthetic camphor. The study estimates sales of synthetic camphor in plasticizer production to surpass 13 thousand tons in 2019.

Rise in the construction sector, along with increasing demand for renovation and maintenance of existing structures, continues to drive demand for plasticizers in flooring and wall covering applications. Additionally, remarkable demand for plasticizers in flexible Polyvinyl Chloride (PVC) manufacturing, and to soften plastics used in wall covering and flooring, will remain a key sales determinant of synthetic camphor.

East Asia to Hold Pole Position in Synthetic Camphor Market

According to the FMI report, East Asia is likely to remain lucrative in the synthetic camphor market. In East Asia, China is expected to account for the highest sales of synthetic camphor, surpassing 12 thousand tons in 2019. Owing to the presence of a large number of pharma-grade synthetic camphor manufacturers in China, the country is witnessing the growing demand for synthetic camphor.

Growing overseas demand for synthetic camphor and significant growth in Chinese gum turpentine industry are the key factors influencing the market growth in the country. Additionally, with the development of Chinese gum turpentine derivatives such as synthetic camphor and synthetic borneol, overseas companies are eyeing use of these derivatives over gum turpentine.

Majority of the pharma-grade synthetic camphor manufacturers are concentrated in China and India, exporting their products to Europe and the US. Due to the availability of raw materials and synthetic camphor on a large scale in China and India, global manufacturers of camphor and other related chemical are focusing on expanding their businesses in East Asia.

Key Players

Some of the players reported in this study include Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Oriental Aromatics Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, Merck KGaA, Recochem Inc., Xiamen Hisunny Chemical Co., Ltd, SkyRun  Industrial Co., Ltd, Shanghai Huayi Group Huayuan Chemical Co., Ltd., Fengchen Group Co., Ltd, Aldon Corporation, Prinova LLC, Teloonchem International Co., Limited, among others.

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Synthetic camphor Market: Segmentation

Grade

  • Technical Grade Synthetic Camphor
  • Pharma Grade Synthetic Camphor

Application

  • Pharmaceuticals
  • Personal Care
  • Plasticizer
  • Flavour & Fragrance
  • Others

Region

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

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:

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Interatrial Shunt Market Value, Growth Research, Size, Share, Trend Top Key Players and Outlook 2029 Forecast

Interatrial Shunt Market Overview

Interatrial Shunt Market report is an exhaustive competition analysis that covers insightful data on industry leaders is intended to help potential market entrants and existing players in competition with the right direction to arrive at their decisions. Market structure analysis discusses in detail companies with their profiles, revenue shares in market, comprehensive portfolio of their offerings, networking and distribution strategies, regional market footprints, and much more.

The Interatrial shunt is intended for insignificantly obtrusive delivery to the heart using trans catheter systems. The dime-sized gadget is embedded into the septal wall between the atrial chambers, and enables blood to travel from the left chamber to the right chamber.

The device is deployed after trans-septal puncture of the mid–fossa ovalis, positioning the delivery catheter into the left atrium and deploying the left atrial disc, verifying the right atrial location of the delivery catheter, and then deploying the right atrial disc such that the device is secured across the atrial septum and sits flush on the left atrial side.

Interatrial Shunt Market: Drivers and Restraints

Prevalent HFpEF represents generally 50% of the current heart failure (HF) trouble, and the rate of HFpEF is expanding with regards to a aging population together with accompanying hypertension, diabetes, and obesity is the prime propelling factor for the growth of Interatrial Shunt market.

All-cause mortality in HFpEF is significantly more noteworthy than that in age matched people. The overall commitment of death due to noncardiovascular occasions in HFpEF is to some degree higher than in HFrEF. Insertion of an interatrial shunt device (IASD) to lessen left atrial weight in HFpEF has been demonstrated to be related with short-term hemodynamic and symptomatic advantage.

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Interatrial Shunt Market: Overview

Heart failure (HF) patients with either reduced ejection fraction or preserved ejection fraction experience a high death rate. The latest pharmacologic development for treating patients with HF with decreased discharge part has been with sacubitril/valsartan. Alongside pharmaceutical research, there has been interest for device based treatments as another treatment approach.

One novel interventional device treatment that has indicated in early tests and preliminaries is the interatrial shunt device created by Corvia Medical Inc. and V-Wave gadget by V-Wave Ltd. Embedded between the atria in the atrial septum, both devices make a left-to-right unidirectional shunt.

Based on Indication type the interatrial shunt market is segmented as Heart failure with preserved ejection fraction and Heart failure with reduced ejection fraction. Based on end user interatrial shunt market is segmented as hospitals, Clinic and cardiac centers.

Interatrial Shunt Market: Regional Outlook

Geologically, North America is leading contributor to the interatrial shunt market and is required to hold its situation during the forecasted time frame because of the presence of huge number of geriatric population, and huge base of patients with heart disorders.

Europe is relied upon to be the second-biggest interatrial shunt market in the estimate time frame. Development of the interatrial shunt market in the region can be credited to increasing case of heart failure and associated heart related disorders and increasing number of heart procedures in Europe.

However, Asia-Pacific market is relied upon to develop at a rapid rate during the conjecture time frame. This is predominantly due to increased number of cardiac centers, hospitals and development in healthcare infrastructure, technological progressions, and developing awareness among the populace about the treatment choices accessible in the market.

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Interatrial Shunt Market: Key Players

The key market players operating in the interatrial shunt market are Corvia Medical Inc.,Tewksbury, MA, USA)

The research report presents a comprehensive assessment of the interatrial shunt 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 interatrial shunt market segments such as geographies, application, and industry.

The report covers exhaust analysis on

  • interatrial shunt market Segments
  • interatrial shunt market Dynamics
  • interatrial shunt market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  •  Competition & Companies involved
  • Indication
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Europe (Germany, Italy, France, U.K, Spain)
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa)

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

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Interatrial Shunt Market: Segmentation

The global interatrial shunt market is segmented based on the indications, end user and region

By Indication type the interatrial shunt market is segmented as:

  • Heart failure with preserved ejection fraction (HFpEF)
  • Heart failure with reduced ejection fraction (HFrEF)

By end user interatrial shunt market is segmented as:

  • Hospital
  • Clinics
  • Cardiac centers
  • 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.

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Hemoglobin Monitor Market is expected to record a CAGR of 7.8% during the forecast period 2022-2032

Hemoglobin Monitor Market Outlook

hemoglobin monitor market is expected to record a CAGR of 7.8% during the forecast period 2022-2032, up from US$ 1 Billion in the year 2020 to reach a valuation of US$1.7 Billion by 2032.

The hemoglobin monitor market is anticipated to show promising growth prospects in the forecasted period 2022-2032.

With recent technological advances, smartphone applications equipped with algorithms to detect hemoglobin levels are changing future trends in hemoglobin monitoring. Furthermore, this shift towards non-invasive hemoglobin monitors is expected to affect the parent sector’s business models and investment strategies.

Advances in technology and the modes and operations of hemoglobin monitors are changing the behavior of customers and end-users when purchasing these devices, and consequently increasing the hemoglobin monitor’s market share.

During the forecast period, there will be significant growth in the hemoglobin monitor market globally. The growth in blood donation creates more lucrative business opportunities for the hemoglobin monitor market, and companies currently operating on the market.

Hemoglobin monitors are a multifaceted market comprised of prominent innovators, regional distributors, and small players looking for survival. Each hemoglobin monitor uses a different type of mechanism and is used to deliver better clinical results.

With emerging trends in the hemoglobin monitor market, it is hoped that non-invasive hemoglobin monitors will ultimately replace traditional hemoglobin monitors, enabling hemoglobin monitor manufacturers to produce an optimal number of units. The continuous monitoring of blood will lead to an increase in demand for hemoglobin monitor manufacturing.

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As important as the developed economies are to the industry, emerging economies are also moving at a good pace with regard to the adoption of the hemoglobin monitor market. Founded on the basis of quality infrastructure and an installed base that support hemoglobin monitor production, North America is estimated to have a significant market share in the hemoglobin monitor market.

What are the Key Drivers to the Hemoglobin Monitor Market Share?

The cost associated with manufacturing a hemoglobin monitor is determined by its size, purpose, and features. Having recently been approved by the US FDA, hemoglobin monitors of compact size will likely drive sales of the hemoglobin monitor market.

With the availability of small hemoglobin monitors, the cost will be reduced, and subsequently, the demand for hemoglobin monitors will increase. It is anticipated that the change in the nature of the product, namely the point-of-care version, will increase the demand for hemoglobin monitors in long-term care.

Technological advancements such as wireless connectivity are anticipated to increase the demand and acceptability of hemoglobin monitors as well as increase the up-gradation of hemoglobin monitors. Patients suffering chronically from diabetes are expected to raise the requirement for these devices.

The limitations to the growth of the hemoglobin monitor market can be downward pricing pressure from respective regulatory bodies to expand the reach of hemoglobin monitors at affordable prices.

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Which Region holds the Highest Growth Potential in the Hemoglobin Monitor Market?

Geographically, the hemoglobin monitor market is segmented into seven regions, viz. South Asia, East Asia, Europe, Latin America, North America, Oceania, and the Middle East and Africa.

Blood donation is an important part of the hemoglobin monitoring market. By donating more blood units, more such products could be manufactured, thereby propelling hemoglobin monitor market opportunities. While developed economies will continue to play an important role in the hemoglobin monitor market, emerging economies are also taking the market by storm.

In the hemoglobin monitor market, North America is expected to have a significant share, in part because of its quality infrastructure and installed base, which supports the demand for hemoglobin monitors. It is followed by Europe, East Asia, and Oceania.

Given the current change in adoption and growth in the general pharmaceutical market, the South Asia hemoglobin monitor market could prove lucrative for manufacturers and industry professionals. Other reasons for the lucrative market growth for hemoglobin monitors in South Asia are its large population and its disease burden.

How is the Competitive Landscape in the Hemoglobin Monitor Market?

The present market structure of the hemoglobin monitor market is expected to change with efforts and research present in the clinical phase.

The involved in the market of hemoglobin monitor market include Masimo Corporation, Bayer AG, Siemens Healthineers, Welch Allyn, Inc., Koninklijke Philips N.V, Medtronic plc, Nihon Kohden Corporation, GE Healthcare, Smiths Group, and Omron Healthcare.

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Scope Of Report

Growth rate

CAGR of 7.8% from 2022 to 2032

Base year for estimation

2021

Historical data

2017 – 2021

Forecast period

2022 – 2032

Quantitative units

  • Revenue in US$ billion, and CAGR from 2022 to 2032.

Report coverage

  • Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

  • Product type, modality, end-user, and geography

Regional scope

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Country scope

  • U.S.
  • North America
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Asia Pacific
  • Japan
  • China
  • India
  • Latin America
  • Mexico
  • Brazil
  • Middle-East and Africa
  • South Africa
  • Saudi Arabia

Key companies profiled

  • Masimo Corporation
  • Bayer AG
  • Siemens Healthineers
  • Welch Allyn, Inc.
  • Koninklijke Philips N.V
  • Medtronic plc
  • Nihon Kohden Corporation
  • GE Healthcare
  • Smith’s Group and Omron Healthcare.

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
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