Market Research Blog – Page 10934 – New Product Development

Flexible Screens Market Projected CAGR of 46.5% for the next ten Years

The Global Flexible Screens Market was valued at US$ 1.9 Bn in 2021 and is expected to reach US$ 189.5 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. A new market research report by Future Market Insights on the flexible screens market includes global industry analysis 2019–2021 and an opportunity assessment 2022–2032.

As per the findings of the report, AMOLED-based flexible screens will remain pivotal for the market as the bulk of revenue will be generated through this category. It is projected that AMOLED-based flexible screens will produce over US$ 150 Bn revenue during the forecast period.

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6’’ – 20’’ Screen Size Flexible Display to Continue being Growth Axis for Flexible Screen Revenue

Flexible screens of size 6’’ – 20’’ are used in smartphones, tablets, and laptops, which together account for more than 99% of all flexible screen purchases. Most other types of panel dimensions are the least likely not to gain more than 1 percent during the analyzed period, as they’re applied in electronic items such as smartwatches and wearables, TVs, and e-readers. Television manufacturing is now direct and generally high-priced, whereas e-readers still remain to be commercialized.

China to Command the Larger Proportion of Flexible Screen Supply Chain throughout the Analysis Period

Also being considered the world factory, China commands most of the revenue generated in the flexible screen supply chain. While six of the top 10 flexible screen manufacturers are based in China, it also boasts manufacturing of more than 90% of the flexible screen devices developed worldwide. Owing to the high consumption of flexible devices and close proximity to the flexible screen production base, China is expected to account for US$ 1.86 Bn in revenue by 2032.

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Flexible Screens Market: Competition Insights

Currently, flexible screen manufacturers are largely aiming at setting up manufacturing facilities, winning orders, and showcasing technology at exhibitions. The key companies operating in the flexible screen market include Samsung Display Co. Ltd., BOE Technology Group Co. Ltd., LG Display Co. Ltd., Visionox Technology, Inc., AU Optronics Corp., Tianma Microelectronics Co. Ltd., Shenzhen Royole Technologies Co. Ltd., E Ink Holdings Inc., HannStar Display Corporation, Everdisplay Optronics (Shanghai) Co. Ltd., Iljin Display Co. Ltd., Shenzhen RADIANT Technology Co. Ltd., and Osel Technology Pvt. Ltd.

The key recent developments of flexible screens manufacturers are as follows:

In April 2022, BOE announced that it will expand production lines in Western China. The production line would be fully operational by the end of 2022. The third production line in central China is for testing production. Companies nearly shipped 60 million OLED panels which are making it 2nd largest OLED manufacturer and securing 17% of the global market share. The company planned to ship 100 million OLED panel units by the end of 2022.
In May 2021, Samsung Display unveiled its latest OLED innovations at the SID Display Week trade show. It showed the way forward with its innovative offerings, such as Slidable, S-Foldable, and under panel cameras. Samsung Display unveiled its next-generation OLED technologies to the world’s biggest exhibit of displays, affirming its leadership within the industry. It opened a virtual exhibition booth to introduce its displays to potential customers.
In Jan 2021, CES 2021 showcased new products from TCL CSOT, which include a 17-inch OLED scroll print display that is 0.18 millimeters thin and a 6.7-inch AMOLED rollable display. TCL CSOT is a parent company of TCL Technology and a company that specializes in next-generation display technology. The 17-inch printed OLED scroll display for flexible, free-form displays is only 0.18 millimeters thin, a significant breakthrough for this kind of technology. It is highly scrollable and portable, and easily fits anywhere like a scrolling picture.

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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

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By 2032, Agricultural Grade Zinc Chemicals Market is Anticipated to be Worth US$ 1.3 Billion: FMI

The global agricultural grade zinc chemicals market is estimated to garner US$ 1.3 Billion while exhibiting a 5.4% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 760.0 Million in 2022.

Growth and expansion of the agricultural industry especially in the developing economies, the development of fertilizers will create lucrative opportunities for growth of the agriculture grade zinc chemicals market. Also, the rising number of research and development by the leading manufacturer and the use of zinc chemicals in agriculture is the primary factor driving the growth of the agricultural grade zinc chemicals market.

The chemical fertilizer segment is likely to offer remunerative opportunities for the global agricultural grade zinc chemicals market. Several emerging economies are making significant developments in their agricultural sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways:

By application, the chemical fertilizer segment is expected to record a 5.4% CAGR by 2032
By type, the zinc sulphate segment to expand at a 5.3% growth rate during the forecast period
The U.S market to garner US$ 462.2 Million and record a 5.2% CAGR from 2022-2032
Market in China to procure US$ 92.9 Million, expanding at a 4.8% growth rate during the assessment period

“Growth and expansion of agricultural industry especially in the developing economies, and development in fertilizers, is expected to fuel the demand of agricultural grade zinc chemicals market over the forecast period,” says an FMI analyst.

Competitive Landscape

Eminent players of the global agricultural grade zinc chemicals market include UPL, Syngenta Crop Protection AG, IFFCO, Yara, and Zochem Inc. among others. Recent developments among players include:

In June 2020 – IFFCO signed MoU with ICAR for collaborative research, testing & extension programs across the country for collaborative research, testing and validation of different products through ICAR institutes and Krishi Vigyan Kendras (KVKs). This will also enable these centers to disseminate technological advancements by imparting training, through awareness programs, campaigns, field trials and demonstrations for the benefit of farmers.
In May 2021 – Yara, a leading crop nutrition solutions provider, announced the commercial launch of Agoro Carbon Alliance, a global business created for farmers to earn additional revenue from positive climate action. By adopting climate-positive practices farmers can produce Farm Carbon Credits or climate-smart certified crops and help to decarbonize food supply chains.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global agricultural grade zinc chemicals market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Zinc Oxide, Zinc sulphate, EDTA chelated zinc, Sulphur Zinc Bentonite, Zinc chloride, Other), by Application(Animal feed, chemical fertilizer, others), and Region (North America, Europe, APAC, Middle East & Africa, and Latin America)

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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.

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Propylene Carbonate Market will be Boom of US$ 463.7 Mn by 2032 | BASF SE, Huntsman International LLC., Linyi Evergreen Chemical Co., Ltd

The global propylene carbonate market is anticipated to expand at a steady 6.3% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Propylene carbonate is largely utilized as a solvent for the production of paints and coatings, cleaning solvent in the cleaning and degreasing industry, and as an electrolyte in Li-Ion batteries.

In recent years, companies are focusing on developing new materials with high purity levels at competitive prices. Propylene carbonate is utilized as a long-lasting and ‘green’ alternative for various chemical industrial solvents.

While due to its lower vapor pressure and negligible photochemical reactivity it is an effective substitute for toluene, acetone, NMP, and methyl chloride. Such aforementioned properties of propylene carbonate are expected to increase consumption concerning environmental regulations.

The worldwide propylene carbonate market is being driven by factors such as increased usage of propylene carbonate in industrial processes as solvents, increased demand for paints & coatings, personal care.

Also, growing usage as a cleaning solvent in gas treating and petrochemical applications to boost the market. Propylene carbonate is extensively used in lithium-ion batteries to improve polarity by forming a solvation shell around lithium ions. It is also used in the production of cosmetics like lipsticks, mascara, eye shadow, and other similar items.

Regionally, the market is anticipated to be dominated by East Asia, which is expected to continue in the future evaluation period. Backed by the aforementioned factors, the global propylene carbonate market is projected to top US$ 463.7 Mn by the end of 2032.

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“Over the forecasted period, sales of propylene carbonates are expected to be driven by the increased utilization in Li-ion batteries and paints & coatings. Meanwhile, propylene carbonate is environmentally friendly and has the potential to effectively replace other hazardous chemical solvents,” says an FMI analyst.

Key Takeaways:

By product form, demand for aqueous propylene carbonate is expected to surge at a 4% CAGR over the forecast period.
The lithium-ion batteries & electronics segment is anticipated to grow at 7.5% CAGR during the forecasted period.
The personal care & cosmetics segment of the propylene carbonate market is anticipated to grow at a 7% CAGR through 2032.
The propylene carbonate market in the U.S. is anticipated to reach 6% CAGR by the end of 2032.
China will emerge as the most lucrative propylene carbonate market, with sales growing at a 2% CAGR over the forecast period

Competitive Landscape

Key market participants in the global Propylene Carbonate market elaborated in the report include BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Shandong Shida Shenghua Chemical Group Co., Ltd., Linyi Evergreen Chemical Co., Ltd, SMC – Global and others are the leading players in the market

Key players operating in the global propylene carbonate market are focusing on increasing the utilization of propylene carbonate in paints & coating, personal care & cosmetics industries. However, some key players are focused to provide ultrapure propylene carbonate for li-ion batteries.

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More Insights into the Propylene Carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the global Propylene Carbonate market, providing historical data from 2016 to 2020 and forecast statistics for the period 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on Form (Aqueous and Pellet), By Application (Paints & Coatings, Cleaning & Degreasing, Personal Care & Cosmetics, Textile Dyeing, Lithium-Ion Batteries & Electronics, & Others) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, And Middle East & Africa)

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling, and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

About Future Market Insights (FMI)

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Sales Coaching Software Market Expected to Record a CAGR of 6.4% During the Forecast Period 2022-2032

The global sales coaching software market is poised to reach US$ 47.6 Billion in 2022 and is predicted to expand at a stupendous CAGR of 6.4% to reach a valuation of US$ 88.7 Billion by 2032. Sales training and coaching technologies have been utilizing complex machine learning algorithms and AI at a rapid pace. Taking a holistic approach to sales will enable businesses to consider content, training, and coaching needs, as well as carefully select, implement and deliver their solutions to the market.

Technology acquisition and implementation has proven to be the easiest component of the sales equation. Using AI and the rise of technology, coaching can provide a scalable yet personalized approach that ends up developing sales capabilities as opposed to just supporting individual deals, allowing the ability to track progress, and helping to cascade best practices from top reps.

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Offering formal as well as informal learning methods in multiple delivery modes and formats is the key to building skills within the organization. A technology solution provides sellers with the ability to access learning in a style that matches their learning preferences. While technology and systems are easily made available, and even implemented, improving performance is more urgently dependent on what is delivered. This has been proven to be the easier way to improve sales in the market.

Key Takeaways from the Market Study

Cloud-based sales coaching software to grow at a CAGR of 6.1% during the forecast period
U.S. market sales coaching software is forecast to reach US$ 31.5 Billion by the end of the forecast period, growing at a CAGR of 6.2%.
Growing numbers of IT businesses are expected to expand in China over the period of 2022-2032 growing at a CAGR of 5.9%.
Deployment across large enterprises to be maximum, growing at a 5.8% CAGR
With the increasing adoption of CRM software in Japan, the market will grow at a CAGR of 5.2% over the forecast period

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Competitive Landscape

As new sales coaching software technologies are introduced, end-users will benefit from the introduction of new technologies. The ability to expand a company’s operational capabilities is one of the potential benefits of forming a strategic partnership. Businesses that use smart and dynamic sales coaching software to reduce security breaches and data losses in the market.

In May 2022, Mubadala announced that it has made an investment in Salesloft, a global leader in providing the most comprehensive sales engagement platform, partnering with Vista Equity Partners, a leading global investment firm focused only on enterprise software, data, and technology-enabled businesses. Investing in the company results in an increase in valuation, capital, and partnership to accelerate the company’s development and growth trajectory.
In August 2021, Bigtincan (BLTC) announced plans to raise US$ 135.3 Million in extra funding for the purpose of purchasing the U.S sales coaching business Brainshark Inc. With the purchase of Brainshark, the ASX-listed company will be able to create a combined business with ARR of US$ 119 Million and 100% ownership of the business.

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global sales coaching software market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by type (cloud-based and web-based), and by application (large enterprises and SMEs), across five major regions (North America, Europe, Asia Pacific, Middle East, and Africa and Latin America).

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Citrus Pectin Market Insights, Deep Analysis of Key Vendor in 2022-2032

The global Citrus Pectin market is estimated at US$ 116.9 Bn in 2022 and is projected to reach US$ 183.9 Bn by 2032, at a CAGR of 4.6% from 2022 to 2032.

Against the backdrop of expanding food and pharmaceutical industries, the demand for citrus pectin is rapidly increasing. The globally rising prevalence of diabetes, obesity and cardiac issues has increased consumers’ focus on healthy, natural and fruit-based products, which in turn, is fuelling the demand in the citrus pectin market.

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Key Takeaways from the Citrus Pectin Market Study

Advent of newer technologies and increased attention to clean label product development will enable growth in citrus pectin market. In addition, leading manufacturers are now focusing on strengthening their distribution and supply base in order to ensure that products are easily available to their target customers. This is expected to bode well for the market in the coming years.
Among product type segments, the High Methoxyl Pectin is currently leading the market. The segment is witnessing high demand in food and pharmaceutical industry since high methoxyl pectin acts as an emulsifier and has texturizing and stabilizing properties.
The key players are operating in this citrus pectin market are focusing to expand their presence globally through acquisition and collaboration with domestic and regional players.
Key players are also focusing on expanding their global footprint by launching new products related to citrus pectin. In addition, Tier -1 players are investing in research and development activities and continuously monitoring their product offering in order to offer an excellent quality of product.

“Citrus Pectin market is gaining strength from increasing applications in diverse industries such as food and pharmaceutical industries. Increasing usage of hydrocolloids in food and beverages industry is fuelling the demand for citrus pectin. Moreover, developing clean label citrus pectin products is a major focus of market players. This is expected to create growth opportunities for the market in the near future” says an FMI analyst.

Owing to their natural pectin content, citrus pectin enables formation of gels in high-brix, high-acid applications such as preparations for spreads, bakery and yogurt. Using citrus pectin as an alternative to pure pectin is cost-effective and offers a cleaner label. Different grind sizes of citrus pectin are available in the market which helps the formulator in selecting a pulpy or fine texture based on the target application requirements. In addition, citrus pectin enable syneresis control in cultured dairy products.

Along with the provision of increased yields, citrus pectin enables manufacturers to make the most of fat and water in the gel system. Hydration and dispersion are key to citrus pectin’s functionality. For most of the applications, citrus pectin is dispersed with dry ingredients, followed by adding liquids later. Manufacturers are observing such functionalities as opportunities for extending their product lines.

During process of meat extension, the imperative need of retaining added water while maintaining its edibility and texture has fuelled the demand for citrus pectin. The structural perviousness of which aids in texturizing and binding water in meat processing systems. Moreover, citrus pectin is also capable for improving the quality of mechanically deboned meat (MDM). The manufactures operating in citrus pectin market are also focusing to invest in diversification of portfolio of citrus pectin, in order to meet multiple end uses like pet food.

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Who is Winning

Some of the market players profiled in the report are Fiberstar, Ceamsa, Herbafood, Florida Food Products, Cargill Inc., Quadra Chemicals, Naturex, Compañía Española de Algas Marinas S.A. (CEAMSA), Herbstreith & Fox, Yantai Andre Pectin Co. Ltd., Lucid Colloids Ltd., DuPont, Silvateam S.p.A., and CP Kelco.Several leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain competitive advantage.

In 2018, Fiberstar launched new product Citri-Fi 150 to cater to pet food and strengthen its product portfolio.
In 2018, Cargill Inc. invested US$ 150 million for construction of an HM pectin production in South America.
In 2019, CP Kelco has increased its regional penetration through collaboration with Azelis. Also, the company doing capacity expansion in Wulian China to support its growth in Asia Pacifica region.

Product Type

High Methoxyl Pectin
Low Methoxyl Pectin

Source

Oranges
Tangerines/ Mandarins
Grapefruit
Lemon and Lime

Application

Jams & Jellies
Beverages
Bakery Fillings & Toppings
Dairy Products & Frozen Desserts
Confectionery
Meat & Poultry
Dietary Supplements
Functional Food
Pharmaceutical
Personal care & Cosmetics
Others

Region

North America
Latin America
Europe
APEJ
Japan
MEA

Frequently Asked Questions

How big is the Citrus Pectin market?
At what rate is the global Citrus Pectin market expected to grow?
What are the key strategic adopted by Citrus Pectin market players?
How much share does the top companies in the Citrus Pectin market hold?
Which are the major countries driving demand for Citrus Pectin?

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Acrylic Acid Market will grow gradually at 4.5% CAGR during the forecast period of 2022-2032

According to a recent study by Future Market Insights, the acrylic acid market is expected to reach US$ 22.6 Billion by 2032, up from US$ 14.6 Billion in 2022, expanding at a CAGR of 4.5%. Rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market over the analysis period.

Acrylic acid-based polymers have replaced conventionally used materials in major end-use industries, such as automotive, building and construction, electronics, and others. Acrylic acid-based elastomers such as AEM (Ethylene Acrylic Elastomers), are used as an alternative to synthetic rubber in various applications, such as an automotive gasket, hoses, and others.

In addition, owing to the improved properties of AEM, such as strength, and resistance, among others, there is an increasing demand for acrylic acid from the polymer industry during the forecast period. Additionally, the rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market.

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Key Takeaways from the Market Study

Global acrylic acid market was valued at US$ 14.6 Billion by 2022-end
The U.S to account for the highest value share of US$ 7.8 Billion of global market demand for acrylic acid in 2032
From 2015 to 2021, acrylic acid demand expanded at a CAGR of 2%
By Product, the acrylate esters category constitutes the bulk of Acrylic Acid Market with a CAGR of 6%.

“Increasing demand for Super Absorbent Polymers (SAP) in Sanitary Pads Application, is one of the major factors that is anticipated to propel the industry growth over the forecast period,” remarks an FMI analyst.

Competitive Landscape

Players in the global acrylic acid market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some recent developments among the key players are:

In August 2021, BASF and SINOPEC decided to expand their Verbund site operated by BASF-YPC Co. Ltd, a 50-50 joint venture of both companies in Nanjing, China. It includes the capacity expansion of several downstream chemical plants, including a new tert-Butyl acrylate plant to support the growing Chinese market.
In October 2020, Arkema successfully started a its new 90,000-ton acrylic acid reactor at its Clear Lake site in Texas to attract consumers from paints, super-absorbents, water treatment, and adhesives markets in North America.
In August 2018, BASF PETRONAS Chemicals announced the expansion of the production capacities of its acrylic acid and butyl acrylate plants in Kuantan, Malaysia.

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Know More about What the Acrylic Acid Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Acrylic Acid Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Acrylic Acid Market, the market is segmented on the basis of product, and end-use industry across five major regions.

Key Segments Covered In The Acrylic Acid Market Study

Acrylic Acid Market by Product:

Acrylate Esters
Glacial Acrylic Acid
Other Acrylic Acid Products

Acrylic Acid Market by End-Use Industry:

Acrylic Acid for Surfactants
Acrylic Acid for Organic Chemicals
Acrylic Acid for Adhesives & Sealants
Acrylic Acid for Textiles
Acrylic Acid for Water Treatment
Acrylic Acid for Personal Care Products
Acrylic Acid for Other End-Use Industries

Acrylic Acid Market by Region:

North America Acrylic Acid Market
Latin America Acrylic Acid Market
Europe Acrylic Acid Market
Asia Pacific Acrylic Acid Market
Middle East and Africa Acrylic Acid Market

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Session Replay Software Market is Predicted to Register a Promising CAGR of 14% During 2022-2032

The session replay software market is expected to develop at a CAGR of 14.0% through 2032, from USD 313 Million in 2022 to USD 1.2 billion by 2032. The primary reasons driving the growth of the session replay software market include the increasing demand for session replay software to fast-track digital data and obtain insight into user behavior.

The session replay software market is expected to increase due to rising demand from e-commerce businesses to improve customer experience and company perception, leading to a positive session replay software market outlook. The pandemic accelerated e-commerce adoption, perhaps irrevocably.

The session replay software market is developing as organizations increasingly employ session replay software to capture, preserve, and replay visitor interactions on their websites. The aforementioned factor brings about some of the crucial session replay software market trends in the near future. The COVID-19 outbreak had a detrimental influence on session replay software spending and session replay software market growth.

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Traditional software significantly contributes to productivity and is a major beneficiary of session replay software expenditure and session replay software adoption trends. Cloud computing and mobile devices are gaining traction as new delivery platforms for the most up-to-date software tools and apps. The trajectory of session replay software adoption trends is rising as the growing need for technical breakthroughs from end-users; the session replay software market future trends are expected to rise rapidly.

KEY TAKEAWAYS:

In the United States, the session replay software market is estimated to reach US$ 412.1 million by 2032, increasing at a CAGR of 13.8% through 2032.
The session replay software market in the United Kingdom is expected to be worth US$ 48.9 million by 2032, with a CAGR of 13.0% through 2032.
The session replay software market’s cloud-based segment form the type category is predicted to develop at a CAGR of 13.9% through 2032.
Through 2032, large enterprises in the session replay software market’s application sector will grow at a CAGR of 13.6%.
China’s session replay software market is expected to reach US$ 80.2 million by 2032, with a CAGR of 13.4% through 2032.
The market for session replay software in Japan is expected to be valued at US$ 66.1 million by 2032, expanding at a 12.6% annual rate through 2032.
South Korea is expected to reach a market size of US$ 37.8 million in session replay software by 2032, with a CAGR of 11.5% through 2032.

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COMPETITIVE LANDSCAPE:

A new market research report on session replay software shows that the legacy players in the session replay software market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the session replay software market key trends & opportunities.

Ross, Grass Valley, EVS Broadcast Equipment, CollabNet, Datavideo Technologies Co., Techtel, Variant Systems Group, NewTek, and Marquis Broadcast are among the prominent participants in the session replay software market.

Session replay software market growth, escalation in session replay software market share, session replay software market adoption trends, and major market strategies are all included in the report.

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RECENT DEVELOPMENT:

Product Upgrades:

MBC has invested in Grass Valley’s K2 Dyno Replay System, which aids in the creation of appealing material such as programme highlights and replays for their professional football coverage.

Product Launches:

With pan/zoom technology, the K2 Dyno allows for instant playback and has highlights generating structure for SD, HD, UHD/4K, and 3G. This is the first in a series of Saudi Arabian ventures planned by MBC.

Ready-to-Drink Tea Market 2022 Expectations & Growth Trends Highlighted Until 2032

The Ready-to-drink (RTD) Tea market is expected to reach a value of US$ 33.0 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 70.5 Bn by 2032, rising at a CAGR of 7.9% for 2022-32.

Botanical flavors, which are said to offer health benefits and are labeled clearly, are predicted to do well in the RTD tea market. Spices, especially ginger, are increasing in popularity around the world and consumption of flavored RTD tea is fueling the demand in the market.

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While hot herbal teas have a long history of highlighting their natural health benefits, RTD teas are becoming increasingly popular. Botanical elements can be tailored to fit a variety of health and wellbeing requirements.

Tea drinkers like it for a variety of reasons, including stress alleviation, digestive health, energy increase, and immunity-boosting. Hence, growing need for a strong immune system has been stressed by COVID-19, pushing the sales.

Due to bans in many regions, many botanical teas are unable to make unambiguous claims regarding the supposed functionality of their constituents. Botanical components (such as herbs and spices) are believed to have medicinal effects by majority of consumers, especially across Europe.

Key Takeaways:

In terms of product type, herbal and green tea segments are expected to register highest growth during the forecast period.
Based on category, flavoured ready-to-drink tea segment will account for lion’s share in the global market.
North America is projected to dominate the global RTD tea market, holding more than 35% of the market share, followed by Europe.
The U.S., the U.K., and China are estimated to be the most lucrative countries in the global RTD tea market, holding a significant market share of more than 30%, collectively.

“Therapeutic effects of tea over carbonated and soft beverages, as well as the convenience of RTD tea over regular tea, are boosting the market. To cater on this trend, key players are offering different ingredient such as mixing components and offering new flavors” – analyst at FMI.

Who is winning?

Some of the leading companies offering RTD Tea are Coca-Cola, JBD Group, Ting Hsin, Unilever, Amul, Uni-President, Arizona, Argo Tea, Britvic Soft Drinks, Dr Pepper Snapple, Asahi, Haelssen & Lyon, F&N Foods, Hangzhou Wahaha, Ito En, Kirin Beverage, HeySong, Marley’s Mellow Mood, Nongfu Spring, Malaysia Dairy, Pokka Sapporo Food and Beverage, PepsiCo, Suntory, Sweet Leaf Tea, Tai Sun, Tan Hiep Phat, Trade Winds, Vitalon, Xing Tea and Others.

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Get Valuable Insights into RTD Tea market

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

Market Segments Covered in Ready To Drink (RTD) Tea Market

Product Types:

Herbal
Black tea
Green tea
Others

Sales Channel:

Direct Sales
Indirect Sales

Region:

America
Europe
Japan
Asia (India, China, Japan)
Vietnam

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Future Market Insights (ESOMAR certified market research organization an d 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.

Ethylene Carbonate Market to increase at a CAGR of 6.2% by 2032 | Top Companies Huntsman Corporation, BASF SE

The global ethylene carbonate market is projected to expand at a 6.2% CAGR during the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. Ethylene carbonate sometimes known as EC is an organic compound. At room temperature, it is a transparent crystalline solid and soluble in water and is odorless and colorless compound. Ethylene carbonate has various applications in different end-use industries such as automotive, and oil & gas.

Growing usage of lithium-ion batteries in electric vehicles will augment the growth in the market. Ethylene carbonate is one of the most reactive solvents relevant to lithium-ion batteries (EC). Increasing sales of electric vehicles are bolstering the demand for Li-ion batteries, thereby favoring the growth in the ethylene carbonate market.

Ethylene carbonate is an important reactive intermediate in the production of lubricants and greases. Lubricants are widely used in the manufacturing and transportation industries to ensure smooth operation of the object. Consumption of ethylene carbonate is expected grow across the industrial, automotive, and oil and gas sectors, where lubricants are widely used.

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As per FMI, the global ethylene carbonate market is expected to be dominated by East Asia and the trend is predicted to continue during the forecast period. The ethylene carbonate market in East Asia is projected to top US$ 175.0 Mn by 2032.

“Over the assessment period, sales of ethylene carbonate are expected to be driven by its consumption in lithium battery electrolytes & lubricants across the globe, followed by plasticizers and surface coatings.” says an FMI analyst.

Key Takeaways:

Based on application, the lubricants segment is projected to hold approximately 32% of the total market share in 2022.
Sales in the lithium battery electrolyte segment will grow at 6.4% CAGR through 2032.
In terms of end use, demand in the automotive segment will reach a valuation of US$ 204.1 Mn by 2032.
The India ethylene carbonate market is forecast to expand at a 6.8% CAGR over the assessment period.
The China ethylene carbonate market will reach a valuation of US$ 127.3 Mn by 2032.
East Asia will emerge as an attractive ethylene carbonate market, creating an incremental dollar opportunity of US$ 83.5 Mn over the forecast period.

Competitive Landscape

Huntsman Corporation, BASF SE, Oriental Union Chemical Corporation, Mitsubishi Chemical Corporation, Toagosei Co., Ltd., Asahi Kasei, Shandong Shida Shenghua Chemical Group, Shandong Senjie Chemical, Zibo Donghai Industries, and others are some of the leading players operating in the global ethylene carbonate market.

Key players are investing in mergers, acquisitions, and collaborations to improve their product potfolios. They are also investing in production facility expansions to cater to the growing demand from various end use sectors. For instance:

In June 2021, Huntsman Corporation’s Performance Products division announced plans to significantly increase its existing capacity for ULTRAPURETM Ethylene Carbonate at its Conroe, Texas facility by mid-2023. ULTRAPURETM Ethylene Carbonate is essential for the safe operation and long life of lithium-ion batteries used in electric vehicles (EVs) and electronics.

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More Insights into the Global Ethylene Carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the Global Ethylene Carbonate market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on product form (solid & liquid), by application (lithium battery electrolyte, plasticizers, lubricants, surface coatings, and others), by end-use industry (oil & gas, automotive, pharmaceuticals, and others) & by region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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Fatty Esters Market to Record a CAGR of 4.4%, Valuation to Reach US$ 3.4 Billion by the end of 2032

The global fatty esters market is expected to secure US$ 3.4 Billion while exhibiting a 4.4% growth rate during the 2022-2032 forecast period. The market was estimated at US$ 2.1 Billion in 2021, and is likely to reach US$ 2.2 Billion in 2022. Growth of the market can be attributed to the extensive usage of fatty esters in a wide range of industries, including cosmetics & personal care, as well as biofuels.

The increasing use of fatty esters in end-use industries such as food, biochemical and agricultural is expected to boost the growth of the market during the forecast period. Growing demand for fatty esters for industrial applications owing to its environment friendliness is expected to augment market growth over the forecast period.

On the contrary, inadequate availability of raw materials is also one of the major factor affecting the growth of the market. In addition to it, lack of proper developed infrastructure in the underdeveloped nations is major disadvantage faced by the market is the another factors projected to hamper the industry growth in the forecast period.

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Key Takeaways from the Report

By type, the fatty acid methyl esters (FAME) segment is expected to record an 4.1% CAGR by 2032
By application, the synthetic lubricant segment to expand at a 3.9% growth rate during the forecast period.
The U.S market to garner US$ 1.2 Billion and record an 4.3% CAGR from 2022-2032
Market in China to procure US$ 235 Million, expanding at a 3.9% growth rate during the assessment period

“Growing demand of fatty esters for expansion of cosmetics industry across the globe is expected to drive the market in the forecast period. Also, the development of food, biochemical and agriculture industries is projected to play a vital role in strengthening the market.”

Competitive Analysis

Eminent players in the global fatty esters market include Faci Asia Pacific Pte. Ltd., KLK Oleo, Estelle Chemicals Pvt. Ltd., Evonik Industries, and DuPont, among others. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market. Recent key developments among players include:

In July 2021, Verbio AG signed an MoU (Memorandum of Understanding) with Indian Oil Corporation Ltd. The MoU will explore the possibility of creating a Joint Venture Company using Verbio’s technology and expertise in the production of biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and for marketing these biofuels through Indian Oil’s network.
In March 2021, Renewable Energy Group Inc. collaborated with Optimus technologies. This collaboration deliver biodiesel to fleets across the United States. With Optimus’ new technology, biodiesel can be utilized as B100 in fleets, i.e., with 100% blended biodiesel.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global fatty esters market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (fatty acid methyl esters, polyol esters, sorbitan esters, sucrose esters and other types) and application (synthetic lubricants, pharmaceuticals, personal care products, food, biofuel application and other applications) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).

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About Future Market Insights (FMI)

Contact:

Unit No: 1602-006
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