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As per FMI, the global vegan bacon market size is anticipated to grow from US$ 1,280 Mn in 2022 to US$ 2,425.4 Mn by 2032, accelerating at a CAGR of 6.6% throughout the forecast period (2022-2032).

Rising awareness about the health benefits of vegan bacon, growing concerns about animal welfare, and rapid consumer shift towards plant-based nutrition are some of the key factors driving growth in the global vegan bacon market.

Vegan bacon is a healthy alternative to conventional meat bacon. It contains large amounts of proteins and fibers, which makes it a healthy and nutritional food product. It is being increasingly consumed by people across the world.

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Vegan bacon is versatile and can be used in both sweet and savory dishes, making it a popular choice for chefs looking to add flavor and excitement to their menus. It offers all of the flavor of pork bacon without any of the animal cruelty. As a result, it is being incorporated into a variety of on-the-go processed food items by manufacturers.

The vegan market has been booming in recent years, with more people searching for plant-based alternatives to meat and dairy products.

There are a number of different vegan bacon brands on the market, but most are made from either soy or seitan. These products can be found in the refrigerated section of most grocery stores, next to the tofu and tempeh. For instance, Seitan bacon is made from wheat gluten and has a chewy texture that mimics pork bacon quite well.

Key Takeaways from Market Study

• By type, revenue from the bacon strip segment will grow by 5.8% during the forecast period.
• By distribution channel, the food service channel is likely to generate lucrative revenues in the global vegan bacon market through 2032.
• The U.S. vegan bacon market is poised to surge at a healthy pace during the assessment period.
• Demand for vegan bacon is anticipated to grow at a strong pace across Germany due to growing number of vegan populations.
• With rise in the number of plant-based alternative startups and growing consumer demand for healthy and organic products, vegan bacon market in China is projected to expand at a robust pace over the next ten years.

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“Growing awareness about the health benefits of vegan bacon and surge in the number of fast food restaurants worldwide will propel the vegan bacon market growth over the forthcoming years,” says a Future Market Insights analyst.

Who is Winning?

Some of the leading manufacturers and suppliers of vegan bacon include Upton’s Naturals, Beyond Meat, Tofurky, THIS.co, Sweet Earth Foods, Kellogg NA Co. (MorningStar Farms), Organic Matters, Lightlife, Cool Foods, Inc., VBites Foods, Yves Veggie Cuisine, Frontier CO-OP, Impossible Foods Inc., Maple Leaf Foods, The Vegetarian Butcher, Conagra, Inc. (Gardein Protein International), Quorn Foods, Sunfed Ltd., Ojah B.V., LikeMeat GmbH, Next Meats, OmniFoods, Hooray Foods, Prime Roots, Whole Perfect Food.

Leading companies are continuously focusing on introducing novel products derived from various plant sources. Besides this, they are adopting strategies such as partnerships, acquisitions, collaborations, and mergers to expand their global footprint.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Vegan Bacon market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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The study offers compelling insights based on Type (Bacon Bites, Bacon Strip, Ready-to-eat Bacon, Bacon Bits, Standard Bacon); By Storage (Shelf-stable, Refrigerated, Frozen); By Distribution Channel (Retail Channel, Supermarkets/Hypermarkets, Specialty Stores, Online Stores, Other Retail Channels; Foodservice Channel, Cafes and Bars, Quick-service Restaurants, Full-service Restaurants, Other Foodservice Channels), across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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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Gold used in various skin diseases and arthritis due to its anti-inflammatory property. Anti-aging property leads to its high use of gold in the large range of cosmetics. The global gold infused beauty products market is expected to have significant growth rate, attributed to growing cosmetic industry, the rapid rate of urbanization, and changing the lifestyle of consumers. North America has substantial growth in the global gold infused beauty products market, owing to high demand for exclusive cosmetics and high per capita income.

Global Gold Infused Beauty Products Market Dynamics:

The growth of the global gold infused beauty products market is driven by growing demand for cosmetics and increasing investments in personal care industry. Macroeconomic factors such as changing lifestyle, growing economy, rapid rate of urbanization, increasing per capita income, and increasing employment rate driving the global gold infused beauty products market. The properties of gold such as anti-inflammatory and anti-oxidant fueling the demand of gold infused beauty products market.

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However, the high cost of gold leads to increase in the cost of final products, which, in turn, results in restraining the global gold infused beauty products market. Some of the factors trending the global gold infused beauty products market include mergers & acquisitions and geographical expansion by gold infused beauty products market players.

The company operates in the gold infused beauty products market have significantly high opportunity in developed regions such as North America and Western Europe, attributed to comparatively high per capita income of the consumers across the region then rest of the world.

Global Gold Infused Beauty Products Market Segmentation:

The global gold infused beauty products market is segmented on the basis of product category, distribution channel, and region. Based on the product category, the global gold infused beauty products market segmented as skin care, hair care, and make-up cosmetics. Skincare segment is further fragmented into face care products, eye care products, and body care products. Among the product categories, skin care segment has relatively high revenue share over the forecast period.

On the basis of the distribution channel, the global gold infused beauty products market is segmented as hypermarket/supermarket, brand outlet, specialty stores direct sale, and e-Commerce. Among distribution channel segment, the e-Commerce segment is expected to expand at a substantial growth rate. Based on gender, the global gold infused beauty products market segmented as men and women, wherein, women segment is expected to be dominant segment over the forecast period.

Global Gold Infused Beauty Products Market Regional Outlook:

Based on the geographies, the global gold infused beauty products market is fragmented into seven regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa.

Among the regions, North America accounts for a relatively high share of the gold-infused beauty products market followed by Western Europe, attributed to relatively high per capita income of consumers in across the regions. Rest of the world is expected to have comparatively low revenue share in global gold infused beauty products market. Overall, the outlook for the global gold infused beauty products market will have a positive growth over the forecast period, changing lifestyle and increasing per capita income of consumers being counterfeiting factors.

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Global Gold Infused Beauty Products Market Player:

Some of the key players in the global gold infused beauty products market include Unilever (Ponds), L’core Paris, Black Pearl,Oro Gold Cosmetics, Allegresse, Farsali – Beauty with Benefits, Glod elements, CHANTECAILLE BEAUTÉ and L’Oréal.

Regional Analysis for Gold Infused Beauty Products Market Includes:

• North America
  • US
  • Canada
• Latin America
  • Argentina
  • Mexico
  • Brazil
  • Rest of Latin America
• Western Europe
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Nordics
  • Benelux
• Eastern Europe
  • Poland
  • Russia
• Asia Pacific
  • Australia and New Zealand (A&NZ)
  • China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• The Middle East and Africa
  • GCC Countries
  • North Africa
  • South Africa
  • Rest of MEA

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Global Gold Infused Beauty Products Market Segmentation:

Based on the product category, the global gold infused beauty products market is segmented into:

• Skin Care Products
• Face Care Products
• Oils
• Creams
• Serums
• Cleansers
• Eye Care Products
• Body Care Products
• Hair Care Products
• Make-up Cosmetics

Based on distribution channel, the global gold infused beauty products market is segmented into:

• Hypermarket/Supermarket
• Specialty stores
• Brand Outlet
• Direct Sale
• E-Commerce

Based on gender, the global gold infused beauty products market is segmented into:

• Men
• Women

Report Highlights:

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

About FMI

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

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Cider and Perry are made from the fermentation of the juices of apples and specially grown varieties of pears, respectively, they are alcoholic beverages usually having 6 % to 8.5 % alcohol and retain some carbon dioxide, so that they have ‘fizz’, much like beer. Commercially available Perry drink is also sometimes referred as ‘pear Cider’. Pear Cider and Perry drinks are both made from fermentation of pears, with no other similarity.

Pear Cider drink can be made with imported pear juice or concentrated and can include some quantity of apple juice in the final drink. The main difference between pear Cider and Perry is that pear Cider drink can use the juice from edible pear varieties like ‘conference pears’.

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Proper Perry, on the other hand, is made only from proper Perry pears. Cider and Perry drink is the fastest growing market in the drink industry and has been considered by old and young of both genders to be the preferred draught and packaged drink.

The market has now opened up to broader consumer spectrum from quality pursuing to value seeking drinkers and comprised of many well-known & high quality brands producing drinks in many flavors. The demand for craft beers has also spilled over to Cider and Perry increasing the premium offerings of the consumers. The craft Ciders are gaining popularity with more apple producers producing small scale Ciders in traditional and non-mechanized ways.

Cider and Perry market: Drivers and Restraints

The growth rate of Cider drink market is driven by the introduction of mass market brands providing Cider drinks at much lower prices than branded Cider drinks. Also current economic situation and mature markets such as U.S & Australia are also driving the growth of the market. The consumers in these mature markets are seeking for beer alternative which represents huge opportunity for Cider and Perry drink. Market innovation mixed with product innovation is also boosting the overall market for Cider and Perry.

The major challenge for drink makers in the Cider and Perry market is to raise product awareness and to distinguish their product from sparkling wine.

Cider and Perry market: Trends

Tart and fruity Cider drinks are acting as an alternative to strong craft brews in ‘brew pubs’ where they make their own beer, brew pubs now like to offer Cider drink on tap and in bottles. Cider drinks are now readily offered as companion products through similar channels such as bottled product or in bulk ‘keg’ containers.

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Cider and Perry Market: Segmentation

The global Cider and Perry market can be segmented on the basis of product type, trade type and by geography. Based on product type the market can be segmented as traditional Draught Cider, packaged Cider and keg Cider. Draught Cider covers the largest market share and is expected to grow in the forecast period. The segmentation based on trade includes off trade and on trade.

Cider and Perry Market: Region wise outlook

Geographically, the global Cider and Perry market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.

Cider and Perry market: Key players

Some of the major players identified across the global Cider and Perry market are Crispin Cider Company, WOODCHUCK CIDER, Louis Dupont, Ace Cider, Aspall, BROTHERS DRINKS CO. LTD, SOMERSBY, SONOMA BEVERAGE WORKS, Merchant du Vin, Samuel Smith Old Brewery (Tadcaster).

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

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The report covers exhaustive analysis on:

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

Regional analysis includes

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

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.

Cider And Perry Market

Report Highlights:

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

About FMI

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

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

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

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

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

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

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

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

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

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

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

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

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Cold Flow Improvers Market Segmentation

Product Type

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

By End Use

• Automotive
• Aerospace
• Industrial

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

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

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

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

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

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

In a bid to modulate the environmental footprint, a majority of cold flow improver manufacturers are following a trend of using bio-based raw materials. “While adoption of sustainable raw materials such as vegetable oils helps them effectively slash the level of adverse environmental impact, it is more likely to receive additional benefits in terms of cost and performance.

Lubricant manufacturers are thus planning production capacity expansion with sustainable raw materials in order to cater to soaring consumer demand,” the FMI analyst explains this trend further. The trend is likely to push capacity expansion efforts of leading manufacturers, driving revenue growth of cold flow improver landscape globally.

About FMI

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Coal Tar Pitch Market Market by Category

By Form:

• Solid
• Liquid

By Grade:

• Aluminum Grade
• Graphite Grade
• Special Grade

By Application:

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

By Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• APEC (Asia Pacific Excluding China)
• China
• Middle East & Africa

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Competitive Landscape

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

For Instance,

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

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

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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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A recent surge in demand for sodium bicarbonate is driven by the rising demand from several end-use industries, most importantly processed food, and pharmaceuticals. Also, requirements in flue gas desulfurization, leather, dyes, and detergents will contribute to growth, finds Future Market Insights (FMI) in a new study. According to the report, the market is forecasted to exhibit a 3.9% CAGR through 2031.

Globally, the sodium bicarbonate market is driven by demand from processed food and pharmaceutical production sectors. Food grade and technical grade offerings are expected to hold major market share owing to extensive scope of use in several the end use sectors. Together, these grades of sodium bicarbonate are estimated to account for more than two thirds of the volume share.

Sodium bicarbonate is a crystalline powder that has a color range from white to light brown. It is manufactured in different forms including liquid, powder, and slurry. There are different grades of sodium bicarbonate available for pharmaceutical, food, feed, and technical applications.

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Some of the leading applications include food and beverages, pharmaceuticals, personal care products, chemicals, agrochemicals, fire extinguishers, dyes, and water treatment. Also, the non-toxic nature of the material has been a crucial factor for growth in the global market.

Key Takeaways from Sodium Bicarbonate Market Study

• Driven by rising demand in food and beverage applications, the sodium bicarbonate is projected to surpass a valuation of US$ 2.3 Bn by 2031.
• Pharmaceutical based sodium bicarbonate is expected to witness positive growth owing applications in API, excipients, and in hemodialysis solutions.
• China is one of the fastest growing regional markets owing to the strong presence of end use industries and low raw material costs.
• Powdered sodium bicarbonate is projected to hold a greater market owing to superior user convenience.
• Germany’s contribution towards the European market will continue rising, trailed by France and the U.K.

“End-use industries are focusing on the procurement of high-quality and cost-efficient sodium bicarbonate to improve product performance and profit margins, which will play key roles in market developments through the end of the assessment period in 2031” said a lead analyst at FMI.

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Sodium Bicarbonate Market by Category

By Grade Type

• Pharmaceutical Grade
• Technical Grade
• Food Grade
• Feed Grade

By Form

• Powder
• Pellets
• Slurry
• Liquid

By End Use

• Processed Food
• Pharmaceuticals
• Personal Care Products
• Chemicals
• Agrochemicals & Nutrients
• Detergent
• Fire Extinguisher
• Leather & Dyeing
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

Sodium Bicarbonate Market: Participant Insights                                  

Market leaders in the moderately fragmented sodium bicarbonate market are largely focused on strategic expansions, providing high quality products, strengthening their product portfolios and developing stronger distribution partnerships.

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Key manufacturers in the Sodium Bicarbonate market, include but are not limited to Solvay SA, Merck KGaA, Nirma ltd., Tata Chemicals Ltd., GHCL ltd, Ciech SA, DCW ltd., Seqens group, Tosoh Corporation, Hawkins, Inc., Vitro and Church & Dwight Co., Inc.

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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The global oilfield production chemicals market is driven by the increasing demand from the oil and gas industry. The production of crude oil in some regions has reported steady growth in the recent years and owing to this, the demand for oilfield production chemicals is expected to remain high in the near future.

Future Market Insights published market report titled “Oilfield Production Chemicals Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028” examines the oilfield production chemicals market and offers crucial market insights for the next ten years.

According to Future Market Insights analysis, the global sales of oilfield production chemicals is estimated to be valued at US$ 2.4 Bn by the end of 2018 and is expected to register a 4.0% CAGR over the period of 2018–2028. This report divulges the demand for oilfield production chemicals and its break-up on the basis of different types and applications.

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The climatic conditions of crude oil producing regions are also expected to have an impact on the growth of oilfield production chemicals, such as hydrate inhibitors, in the coming years. Offshore oil production practices are expected to register steady growth, which in turn is expected to boost the sales of oilfield production chemicals such as demulsifiers in the coming years.

Moreover, crude oil manufacturers are focused on the exploration of oil and gas in order to add to the existing production capacities of crude oil. The discovery of new reserves of oil and gas is expected to drive the sales of oilfield production chemicals in the coming years.

Global Oilfield Production Chemicals Market: Segmentation Analysis

The market insights suggest that the global oilfield production chemicals market is dominated by the production methods application segment. Production methods are directly connected to the production of crude oil. Methods such as enhanced oil recovery, water injection and hydraulic fracturing used in crude oil production witness higher demand for oilfield production chemicals.

Increasing crude oil production is expected to boost production activities in oilfields, which in turn is expected to create a platform for the demand of oilfield production chemicals.

The discovery of new reserves of oil is considered to be another factor responsible for the growth of oilfield production chemicals demand in the production methods application segment.

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Global Oilfield Production Chemicals Market: Regional Market Projections

On the basis of region/country, the Middle East & Africa region is anticipated to dominate the global oilfield production chemicals market throughout the forecast period. The oilfield production chemicals market in the Middle East & Africa region is expected to expand with a CAGR of 3.9% during the forecast period.

However, the demand in the Middle East and Africa region is met by the oilfield production chemicals manufactured in the domestic as well as the global market, which is expected to provide a

lucrative opportunity for the penetration and oilfield production chemicals sales of manufacturers from other regions.

Moreover, Latin America is expected to expand with the highest CAGR in the global oilfield production chemicals market during the forecast period. Oil producing countries such as Brazil and Venezuela are expected to drive the demand for oilfield production chemicals in Latin America.

North America and Eastern Europe, with their high oil production capacities, are expected to witness steady growth in sales in the coming years.

Other regions/countries such as South East Asia, Western Europe, China and India are expected to grow marginally in terms of oilfield production chemicals demand over the forecast period.

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Global Oilfield Production Chemicals Market: Competitive Landscape

Some of the players reported in this study on the global oilfield production chemicals market include Baker Hughes, Ecolab Inc., Schlumberger Limited, Halliburton Company, BASF SE, Solvay SA, Akzo Nobel N.V., Clariant AG, Arkema SA, Huntsman Corporation, DowDuPont Inc., Albemarle Corporation, Weatherford International, Mazrui international LLC, Stepan Company, Hexion Inc. and Connel Bros Co. LLC, among 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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FMI presents detailed analysis and delivers key insights on the global controlled and slow release fertilizers market in its latest report titled ‘Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028’. The long-term outlook on the global controlled and slow release fertilizers market is positive with the controlled and slow release fertilizers market pegged at a value of US$ 4,791 Mn in 2018.

It is expected to reach US$ 10,222.4 Mn by 2028 end, growing at a value CAGR of 9.1%. Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion’s share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR.

Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.

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Global Controlled and Slow Release Fertilizers Market Dynamics

Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers.

The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour.

New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.

Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period. The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.

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Global Controlled and Slow Release Fertilizers Market Segmentation Analysis

The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.

• On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
• The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market

Global Controlled and Slow Release Fertilizers Market Regional Forecast

Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period.

Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.

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Global Controlled and Slow Release Fertilizers Market Competition Landscape

The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including Kingenta Ecological Engineering Group Co. Ltd., Israel Chemicals Ltd (ICL), Yara International ASA, Agrium Inc., Haifa Chemicals Ltd., Koch Fertilizer LLC and Aglukon Spezialduenger GmbH & Co. KG., among 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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Global lining market prospects are likely to be significantly influenced by the increasing investments in oil and gas exploration activities and augmenting production capacities of refineries. Moreover, surging demand for trade through marine ports coupled with growing shipbuilding industry and frequent repair and maintenance of linings in shipping are some key factors favoring the growth of global lining market.

The global lining market is estimated to be valued at US$ 3,958.7 Mn by 2018 end. Expanding at a modest CAGR of 3.9%, the global lining market is anticipated to reach a valuation of US$ 5,820.8 Mn, over the forecast period of 2018-2028, as per a recent study by Future Market Insights.

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Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

Marine routes are major conveyance option for goods in the form of containers, dry and liquid bulk and roll on-roll off (Ro-Ro) type of cargos. Cost effective transfer of heavy and bulk materials in a single go fueling marine trade. Shipbuilding, too is contributing to the growth of global lining market.

Availability of all necessary resources in Asia Pacific is found to be a key factor responsible for the growth of the shipbuilding industry in the region. Moreover, low labor cost and indulgent legislations are accelerating the shipbuilding industry, further pushing the demand for marine linings over the forecast period.

Key Segments Covered

The linings market is segmented as given below:

By Product Type:

• Polymer
  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Fluoropolymer
  • Vinyl Ester & Flake-Filled Ester
• Rubber
• Ceramic & Carbon Brick Line
• Tile Lining

By Chemistry:

• Solvent borne
• Waterborne
• Powder

By End Use:

• Marine
• Oil & Gas
• Construction
• Power Generation
• Chemical Industry
• Automotive
• Mining and Metal Processing
• Others

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Polymer Lining to Remain Most Preferred Across Industries Through 2028; Demand for Eco-Friendly Products to Induce Novelties in Lining Market

Segmented into polymer lining, rubber lining, ceramic and carbon brick lining, and tile lining, the global lining market will witness significant revenue contribution from the polymer lining variant. The polymer lining segment is projected to hold a dominant share in terms of both market value and CAGR index. Growing demand for linings across the globe as well as environmental regulations in developed regions are the major factors driving the lining market.

Moreover, increasing demand from marine, oil and gas, automotive, and chemicals industries is likely to drive the adoption of polymer lining in the global lining market. Epoxy resins are likely to dominant the global polymer lining market, owing to its excellent resistance to numerous chemicals couple with other technological advancements.

Although solvent borne linings are likely to hold a significant share of the global lining market, considering increasing adoption of ecofriendly lining products in developed countries would propel the adoption of waterborne and powder linings.

Stringent Government regulations and adoption of lining products with low-VOC content are key factors pushing the demand for waterborne and powder linings. Manufacturers in the global linings market are constantly investing in R&D activities to introduce new products and technologies for product differentiation, further driving the lining market.

However, volatile prices of raw materials including epoxy and polyurethane and stringent government directives regarding VOC emissions across various regions are key restrainers impacting the overall growth of global lining market.

China followed by Western Europe and North America, are likely to showcase increased adoption of linings. Fast-paced industrial growth in China is significantly contributing to sales of lining products in the region, which is expected to hold nearly 35% of the market, by 2028.

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Major global suppliers of linings are channelizing efforts towards developing partnerships with end users in order to better address the demand for specific requirements. Product customization is likely to remain a key differentiation strategy among key manufacturers in the global lining market.

Top players in the global linings market are The Sherwin Williams Company, PPG Industries, Inc, Akzo Nobel N.V., Hempel A/S, The Jotun Group, Solvay SA, Teknos Group, and STEULER-KCH GmBH.

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

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The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.

Construction chemicals play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market.

The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the market through the projection period.

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The ongoing Covid-19 pandemic impacted the global economy and the construction sector considerably, with project delays and cancellations causing substantial losses. This trend created a short-term decline in demand for construction chemicals in 2020, while a steady recovery is expected through 2021.

Key Takeaways of Construction Chemicals Market Report

• The global construction chemicals market reached US$ 39 Bn in 2020, and is estimated to rise at over 5% CAGR through the assessment period.
• China will continue to reflect strong growth, accounting for more than 66% of the market in Asia Pacific excluding Japan.
• The United States will continue to rise strongly, exhibiting over 5% CAGR in 2021.
• Within Western Europe, Germany and the U.K. will remain key markets, driven by urbanization and smart city infrastructure projects.
• Demand from China and India will continue to rise on account of government infrastructure and housing initiatives.

“The demand for construction chemicals can be largely attributed to rapid world population growth, and major investments into urbanization. The importance of infrastructure to global economy, especially for developing markets, and applications in residential projects, and affordable housing policies will influence the industry in the long-term,” said an FMI Analyst

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Construction Chemicals Market by Category

Product Type

• Water Proofing Chemicals
• Protective Coating
• Concrete Admixture
• Adhesives & Sealants
• Asphalt Additives

Application

• Residential
• Commercial & Industrial
• Infrastructure

Region

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

Who is Winning?

Major manufacturers are increasingly pushing for the expansion of production and distribution activities to emerging economies in Asia and Africa. This shift can be attributed to easier access and lower costs of manpower and raw materials. Also, relatively relaxed regulations associated to the chemicals sector will positively influence the market.

Market Landscape: Competitive

The global construction chemicals market is moderately consolidated, with the presence of varied regional players. Manufacturers are increasingly focused on the optimization of assets including expansions and divestitures to maximize profits and set up sustainable revenue streams.

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Key market players including BASF SE, GCP Applied Technologies, SIKA AG, The DOW Chemical Co., RPM International Inc., Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, and Guangzhou Jointas Chemical Co. Ltd., are pushing for strategic acquisitions and collaborations with other participants to increase market share.

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

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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United Arab Emirates
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For Sales Enquiries: sales@futuremarketinsights.com