Geosynthetics Market is Projected to Develop at a Productive CAGR of 10.1%, Totaling up to US$ 26.89 Billion by 2029

A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029.

The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029.

As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years.

The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.

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APEJ’s Market Attractiveness Intact, Says FMI’s Report

Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future. 

Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.

Product Portfolio Enhancements & Technological Innovations

Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.

In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.

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Geosynthetics Market by Category

Product Type:

  • Geotextile
  • Geomembrane
  • Geogrid
  • Geonet
  • Geocomposite
  • Geosynthetic clay liner
  • Others

Material Type :

  • Polyethylene (HDPE/LLDPE)
  • Polypropylene (PP)
  • Polyester
  • Natural fibers
  • Others

Primary Application:

  • Separation
  • Drainage & filtration
  • Reinforcement
  • Containment

End-use :

  • Roads (paved & unpaved)
  • Railways
  • Retaining walls
  • Waterworks and waste treatments
  • Landfill & erosion control
  • Others

Use of Different Materials to Enhance Strength and Durability

Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones.

Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability. As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period.

Other geosynthetic products such as geocell, geofoam, geopipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.

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Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance. The use of metallocene PP offers relatively lightweight geotextiles and increased production.

Competitive analysis of the global geosynthetics market reveals that among the several active participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a relatively lower share, which has been attributed to high competition from a large number of local players operating at low profit margins and have better accessibility within regional markets. Some of the leading companies are also observed to be operating through their sales offices, or collaborating with regional manufacturers.

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Corrosion Protection Polymer Coating Market Overview With Geographical Segmentation By Revenue With Forecast

According to this report, the global corrosion protection polymer coating market will be valued at more than US$ 19.5 Bn by the end of 2022. Despite the slew of factors devaluing the production of these industrially-essential materials, the demand for corrosion protection polymer coatings will incur steady growth, primarily due to its rising end-use in the oil & gas industry.

Corrosion of metals and metallic surfaces remains to be a perpetual problem for industries across the globe. Manufacturing and transportation of products in almost every industrial vertical has changed rapidly, registering a higher presence of chemicals factoring such corrosions.

Companies continue to adopt innovative and effective corrosion control methods, wherein polymer coatings are an integral offering. High resistance against chemical corrosion and abrasion continues to propel the demand for such corrosion protection polymer coatings, while their manufacturing, which involves hazardous materials & volatile emissions, creates grave concern for the environment.

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In the view of stringent regulations imposed by environmental protection agencies on manufacturing of such toxic products, the demand for corrosion protection polymer coating is less likely to witness high upturns in the future. A latest market study published by Future Market Insights anticipates that the global market for corrosion protection polymer coatings will soar at a steady CAGR of 5.1% during the forecast period, 2017-2022.

Corrosion Protection Polymer Coating Market: Upsurge in Oil & Gas End-use

The global oil & gas sector continues to attain stability in the times of highly-fluctuating oil prices. With respect to the changing landscape of this industry, companies are focusing towards prevention of industrial failures due to undue chemical corrosion. From oilfield pipelines to refiners, all key industrial surfaces in the oil & gas sector are likely to be coated with corrosion protective polymers.

In the future as well, the demand for corrosion protection polymer coatings in oil & gas sector is anticipated to increase. While their contribution to the global market value of corrosion protection polymer coatings will be moderate, oil & gas companies will be observed as fast-grossing end-user during the forecast period.

Towards the end of 2022, corrosion protection polymer coatings worth nearly US$ 3 Bn are anticipated to be used by oil & gas companies around the world.

Additional insights from the report:

  • In 2017, corrosion protection polymer coatings made of vinyl esters and flake-filled vinyl esters will contribute to less than 4% share on global revenues, albeit, their demand over the forecast period will grow vigorously
  • Through 2022, the demand for epoxies is slated to decline, registering a sluggish revenue growth at a CAGR of 4.2%
  • Between 2017 and 2022, powder-based corrosion protection polymer coatings are likely to create an incremental opportunity of a little over US$ 650 Mn
  • During the forecast period, the global demand for corrosion protection polymer coating in waterborne form will rise at a robust pace
  • Asia-Pacific excluding Japan (APEJ) region will be the largest market for corrosion protection polymer coating, and will be valued at US$ 7.1 Bn by 2022-end
  • Throughout the forecast period, Europe’s corrosion protection polymer coating market is assessed to record a sluggish growth

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Market Taxonomy

A concise taxonomy of the global corrosion protection polymer coating market has been summarized below:

Region

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

Product Type

  • Epoxy
  • Polyurethane
  • Alkyd
  • Acrylic
  • Fluoropolymer
  • Vinyl Ester & Flake-filled Vinyl Ester

End Use

  • Marine
  • Oil and Gas
  • Power Generation
  • Construction
  • Automotive
  • Transportation
  • Chemicals
  • Mining & Metallurgy
  • Others

Form Type

  • Solvent-borne
  • Waterborne
  • Powder-based

Companies to Watch

The report also anticipates that companies, namely BASF Coating GmbH, Polycorp Limited, STEULER – KCH GmbH, Koch Knight LLC, Akzo Nobel NV, Axalta Coating Systems, Jotun A/S, Ashland Global Holdings, Inc., PPG Industries, Inc., and The Sherwin Williams Company will remain active in the global market for corrosion protection polymer coatings through 2022.

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Asphalt Shingles Market Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies

Account for over three-fourth revenue share of the market, re-roofing end market segment is expected to dominate the global asphalt shingles market during 2017 to 2022. However, this end-market segment is projected to register a low CAGR through 2022.

On the other hand, sales of asphalt shingles in new construction end-market segment are expected to register a relatively higher CAGR through 2022. A latest report by Future Market Insights (FMI) has projected the global market to register a low-single digit CAGR throughout the forecast period 2017 to 2022.

However, the market is anticipated to experience a sustained expansion on the back of increasing re-roofing and new construction activities resulting from extreme weather conditions. Global sales of asphalt shingles are expected to reach nearly US$ 10,000 Mn in revenues by 2022-end.

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Extreme Weather Conditions Owing to Global Warming to Fuel Adoption of Asphalt Shingles

Global warming is now being called as climate change, and has been affecting subtropical regions to experience extreme cold weathers and even witness snowfall at times during winters. As some of these regions fall under developing or underdeveloped economies, cost of roofing activities becomes a major concern for the population thriving here.

A wide variety of roofing materials are available across the globe based on performance, structural, economic, and aesthetic requirements. These include cedar shake, slate, clay tiles and metal. However, asphalt shingles provide enough aesthetic appeal, along with adequate protection at just a small fraction of the amount invested for other roofing materials.

Moreover, asphalt shingles are cost-effective and are able to easily get replaced when damaged. Demand for asphalt shingles will therefore gain traction, with spending on residential building construction expected to witness a surge in the near future.

Fiberglass to Remain Most Attractive Composition of Asphalt Shingles

Fiberglass and organic are two composition types of asphalt shingles available in the global market. While organic asphalt shingles are comparatively more durable than fiberglass, they are more flammable, therefore highly prone to fire. In addition, they are less eco-friendly owing to relatively higher asphalt content.

Fiberglass shingles provide excellent fire resistance, making them to gradually replace the organic shingles for roofing activities. Fiberglass is expected to remain the most attractive composition of asphalt shingles, with sales estimated to account for approximately US$ 8,000 Mn by 2022-end.

Laminates to Remain Sought-After among Products in the Market

Laminates asphalt shingles are expected to remain sought-after among products in the market, and their sales are projected to hold over half revenue share of the market. High demand for laminates asphalt shingles can be highly attributed to increased attraction towards roofing materials with high wind resistance, impact resistance, and protection from degradation owing to exposure to elements.

In addition, sales of strip asphalt shingles are expected to exhibit the highest CAGR in the market through 2022, based on product type. Although North America is anticipated to remain the largest market for asphalt shingles, Asia-Pacific excluding Japan (APEJ) is projected to register a relatively faster expansion through 2022. Middle East & Africa (MEA) and Japan are expected to remain the least lucrative markets for asphalt shingles over the forecast period.

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Market Taxonomy

The report also includes chapters comprising a segmentation-wise forecast and analysis on the global asphalt shingles market. The global market for asphalt shingles is segmented based on product, end market, composition, and region.

Along with the segmentation analysis offered, the report also renders country-specific analysis & forecast, and the cross-sectional data concerning the market. The details regarding taxonomy of the global asphalt shingles market have been portrayed in the table below.

Region

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

Product Type

  • Heavy Laminates
  • Laminates
  • Strip

Composition

  • Fiberglass Asphalt Shingles
  • Organic Asphalt Shingles

End Market

  • New Construction
  • Re-roofing

Manufacturers Shifting Focus toward Enhancing their Brand Reputation

Leading manufacturers of asphalt shingles are focusing their shift toward enhancing their brand reputation by offering wide range of products, and higher quality standards as compared to other competitors in the market. Key players in the market are adopting business strategies to come up with advanced & sophisticated product development techniques.

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They are also concentrating on development of an established manufacturing process, and in-depth understanding of market and customers. Key market players listed in FMI’s report Include Atlas Roofing Corporation, Polyglass U.S.A., Inc., Tarco, Inc., TAMKO Building Products, Inc., Siplast, Inc., IKO Industries, Ltd., Malarkey Roofing Products, Henry Company LLC, Certain Teed Corporation, and Owens Corning.

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Synthetic Leather Market: Exhaustive Analytical Segmentation Focuses On Key-players, Production & Growth by 2031

Future Market Insights (FMI) has forecast the global synthetic leather market to register year-on-year growth of 4.50% in 2021. Sales of synthetic leather are expected to reach US$ 34.1 Bn, surpassing 40,119 KT by the same year.

Synthetic leathers are versatile in terms of application and are used in manufacturing of footwear, furnishings, garments, and luxury items. Increasing demand for synthetic leather can be attributed to mounting concerns regarding the environmental impact of natural leather and changing consumer preference towards animal free and vegan products.

Stringent animal cruelty regulation, growing awareness regarding various attributes of synthetic leather, and increasing price of natural leathers are key factors driving the market throughout the assessment period.

Superior physical and functional properties of synthetic leather over traditional leather and increasing research and development undertaken to discover cost effective alternatives to natural leather will play a key role in boosting the demand for synthetic leather, says FMI.

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Automotive industry is gradually transitioning from natural leather to lightweight synthetic leather interiors. Due to increasing demand for lightweight automobiles, sales of synthetic leather are expected to growth significantly over the forecast period.

Lightweight vehicles consume less fuel and offer more mileage, thus contribute in reducing carbon dioxide emission. Research and development has identified a direct correlation between fuel economy and vehicle weight.

This has compelled automotive manufacturers towards reducing curb weight of the automobile and pushed them to adopt lightweight synthetic leather for manufacturing of vehicle seat, doors, dashboard, and steering covers.

Thus top original equipment manufacturers are adopting lighter materials in vehicles, spurring the demand for synthetic leather in automotive industry.

Key Takeaways from FMI’s Synthetic Leather Market Study

  • Increasing demand for vegan and bio-based synthetic leather for bags and sportswear manufacturing along with increasing sales of mobile and laptop protective covers in U.S. will assist the North America synthetic leather market to grow at 3.70% CAGR through 2031.
  • Synthetic leather sales in Europe is forecast to increase at 3.60% CAGR during the assessment period, backed by booming fashion and automotive industries in Western Europe region and growing awareness regarding negative impact of leather tanning on environment among the population.
  • India will offer significant growth opportunities in synthetic leather market due to increasing sales of designer footwear and stringent government regulations towards processing of natural leather.
  • Argentina is forecast to lead the synthetic leather market in Latin America owing to high demand for calfskin leather alternatives, increasing export of leather products, and strong economic growth in the country.
  • Japan will hold around 11% of the global market share in 2021. Sales uptick can be attributed to increasing production and export of synthetic leather from the country.

“Gradual recovery of global economy post pandemic, rising awareness regarding animal cruelty, and focus on reducing the carbon footprint in fashion industry will fuel the demand for synthetic leather during the forecast period,” says the FMI analyst.

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Competitive Landscape

According to FMI, the global synthetic leather market is fairly consolidated, in which leading players account for two fifth of the market value share as of 2021.  Emergence of new start-ups and regional players is expected to make market highly competitive in upcoming years.

Top market players are adopting organic growth strategies such as the introduction of new and advanced materials to strengthen their position in this evolving market. For instance, in September 2020, Gordini launched “Clutch™ Synthetic Leather” which is an excellent alternative to natural leather and is claimed to outperform traditional leather.

Natural Fiber Welding Inc. introduced its first 100% plant based leather called “Mirum” in Bio-Based Summit 2021. This synthetic leather is made from recycled cotton, hemp, natural rubber, cork and vegetable oil. This leads to reducing carbon impact by 40% and 17X less carbon emission than plastic based synthetic leather.

Manufacturers are forming strategic partnerships and collaboration to gain market advantage and survive in this highly competitive market. For instance, in 2021, Natural Fiber Welding Inc. (NFW) joined hands with San Francisco-based footwear brand Allbirds for developing bio-based synthetic leather and reduce its prices.

Allbirds invested around US$ 2 Mn in NFW to boost the production of plant based leather and eradicate fossil fuel-based materials from the fashion industry.

Prominent players operating in the synthetic leather market are:-

  • Kolon Industries Inc.
  • Mayur Uniquoters Ltd.
  • Gruppo Mastrotto S.p.A.
  • Alfatex.
  • Achilles Corp.
  • Teijin Limited
  • Nan Ya Plastics Corporation
  • Asahi Kasei Corporation
  • Toray Group Kuraray Co., Ltd.
  • Daewon Chemical Co Ltd.
  • Leather Resource Of America Inc.
  • Comfort Int’l Co., Ltd
  • Sheng Hung Industrial Co. Ltd.
  • Plastics Elche S.A

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More Insights on the Global Synthetic Leather Market

In its latest report, FMI offers an unbiased analysis of the global Synthetic leather market, providing historical data for the period of 2017-2027 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material type (polyvinyl chloride, polyurethane, and bio based), application type (footwear, furnishing, automotive, clothing, bags, sports, and electronics) and across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa).

About FMI

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

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Coil Coatings Market is Growing at a Healthy 4.7% CAGR and is Projected to Total US$ 6.8 Billion by 2029

A new market study by Future Market Insights on the global coil coatings market, evaluates key industry trends for the historical period 2014–2021 and forecasts the coil coatings market growth for the 2022–2029 period.

The report covers latest market dynamics, trends, macroeconomic factors, key success factors, industry value chain, forecast factors, opportunity assessment, incremental $ opportunity and competition analysis of all the major manufacturers involved in the coil coatings market. Topcoats remain highly preferred among end-use industries, especially in construction sectors, as compared to primers and backing coats.

Topcoats are used to provide color and gloss along with mechanical, chemical, and UV resistance to finished coils, and hence are widely adopted across the globe. The global coil coatings market value at US$ 5.0 Bn in 2022, and is projected to grow at a moderate CAGR of 4.7% during the estimated period of 2022-2029.

As per the findings of the study, the global coil coatings market is expected to witness moderate growth in terms of CAGR over the forecast period due to the recovering construction industry and growing investments driving number of new infrastructure projects.

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Aesthetic Properties of Coated Metal Sheet to Uphold the Market Growth

Development of new and innovative products will continue to have a tremendous impact on the industry and play an important role to promoting the coil coatings market growth in near future. Coil coated metal sheets provide architects with large number of design possibilities, while also allowing them to play with various colors, shapes, effects, and textures.

A steady stream of newly developed coatings, such as heat absorbing, heat reflecting, dirt-shedding, self-cleaning, etc. are finding their way into exterior building applications. These new functional coil coatings are a result of the environmental aspect being a strong factor in coil coatings’ development.

Emergence of Low-cost Products to Limit Coil Coatings Market Growth

Growing demand for high performance and low cost coil coatings is expected to be a restraining factor in the overall coil coatings market growth. These days, cheap pre-coated aluminium and steel coils are increasingly being imported, particularly from Asia Pacific.

Unfortunately, the quality and performance of these products are lower than that of European standards. However, it is unlikely to impact the end users, as white cladding, irrespective of its durability, is widely preferred.

Coil Coatings Market: Vendor Insights

The global coil coatings market is fairly consolidated, with the top four players – Akzo Nobel N.V., PPG Industries Inc., Valspar Corporation and Beckers Group – holding ~60% market share. This is mainly attributed to the fact that the major players are availed with better equipment and technology for the manufacturing of coil coatings.

On the other hand, tier-2 and other players have limited global reach and manufacturing capabilities. These players’ main focus is the local clientele and to have a significant presence in their respective regional markets. Manufacturers are also focusing on mergers and consolidations of business to improve their product portfolio and market presence.

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Some of the key developments in the coil coatings market are:

  • In 2021, BlueScope’s U.S. coil coatings and roll forming assets entered into a joint venture with the Tokyo-based steel manufacturing company Nippon Steel.
  • In 2014, PPG Industries, Inc. introduced DURASTAR ULTRA-COOL coatings, which enhances the aesthetic and also extends the life of panels, siding, and other components.

Coil Coatings Market By Category

Material Type :

  • Polyester
  • Epoxy
  • PVC
  • Plastisols
  • Acrylic
  • Polyurethane
  • PVDF
  • Silicone

End Use :

  • Construction
  • Transportation
  • HVAC
  • Metal Furniture
  • Others

Product Type :

  • Topcoats
  • Primers
  • Backing Coats
  • Others

Application :

  • Steel
  • Aluminum

How Is The Oil And Gas Industry Pushing Sales In The Coil Coatings Market?

The ever-increasing demand for oil and gas resources across the globe is a chief factor expected to propel the market in the forthcoming years. Rising utilization of alloys and metals, especially steel in reactors, pipelines, and structures in the oil and gas industry is estimated to boost the market.

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Most of the steel products required in oil and gas plants worldwide need coil coating paint before these are utilized for various applications. Rising extraction of oil and gas in untapped regions is another factor that is likely to aid growth.

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Specialty Paper Market is Expected to Grow at a CAGR of 5.1% during Forecast Period of 2021 and 2031

Specialty paper is used in packaging, printing and writing, and building and construction sectors. Their increasing application across diverse sectors can be attributed their moisture resistance, low-weight, waterproofing, cost-effective, and customizable characteristics.

According to a Future Market Insights (FMI) report, the market is expected to surpass US$ 14.9 Bn in 2021, at a CAGR of 5.1% between 2021 and 2031.

Specialty paper is available as décor paper, kraft paper, thermal paper, and carbonless paper. Of these, its application for décor purposes accounts for maximum sales in the market. Also, specialty paper is non-reactant in nature which is suitable for food and beverage packaging.

In the past few years, specialty paper has gained immense popularity as it provides better aesthetics. The report foresees ample opportunities for manufacturers in the near future due to the rise in usage of the specialty paper in various sectors.

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The expansion of the E-commerce industry means a rise in demand for packaging materials to ship products across the world. Specialty paper offers a wide range of packaging solutions to the e-commerce industry and to its logistics partners. Spurred by this, the demand for specialty papers is expected to surge in the near future.

Paper sourced from wood and wood pulp is considered to be environmentally-friendly, in comparison to plastic, which takes a longer period to decompose. Presence of untapped markets can provide lucrative opportunities for market players, especially those extending biodegradable offerings.

Key Takeaways from Specialty Paper Market

  • Décor paper is estimated to hold nearly 2/5th value share in the global market in 2021 and expected to expand by 240 bps by 2031 owing to increasing use in building and construction sector.
  • Kraft paper demand is expected to grow at 6.5% CAGR during 2021-2031. Increasing demand for sustainable bags and pouches will drive growth in the segment.
  • The U.S. will hold the lead in North America, accounting for more than 6 times the value share of Canada in 2021.
  • Germany, driven by the presence of leading market players will account for more than 22% of the Europe market will hold the lead in 2021.
  • Strong growth in the automotive and construction sectors will drive the China market, which is expected to account for more than 71% of the East Asia market value share by 2031.

 “Specialty papers sales are surging on the back of rising application in the packaging industry. Focus on offering attractive packaging without hampering product quality will fuel demand for specialty papers. Their application also is expected to surge as a non-reactant material,” said a FMI analyst. 

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Impact of COVID-19 on the Specialty Paper Market

The specialty paper market has been negatively impacted as sales slumped amid the COVID-19 pandemic. This can be attributed to restrictions imposed on operation and production activity in various end-use industries which directly affected market growth.

Disruptions in logistics and supply chains hampered market growth. The building and construction sector was also impacted by COVID-19 which contributed to the adverse impact on specialty paper.

Since the beginning of 2021, players operating in specialty paper market have tried to push sales by increasing production capacity while offering innovative products. Overall, the market for specialty paper is expected to rise at a faster pace during the latter part of 2021.

Specialty Paper Market by Category

By Product Type:

  • Décor
  • Thermal
  • Carbonless
  • Kraft
  • Other types

By End-Use Application:

  • Printing and Writing
  • Packaging
  • Building and Construction
  • Industrial
  • Other Commercial End Use

Who is Winning?

Tier 3 players in the specialty papers market hold 60-70% of the global value share. Global leaders in turn contribute to around 30-40% of the global market.

International Paper Co., Oji Holdings Corp., and UPM-Kymmene Oyj are the top players operating in the specialty paper market. Furthermore, Stora Enso Oyj, Nippon Paper Industries Co., Ltd, and Mondi plc. are some of the leading players in the specialty paper market.

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More Valuable Insights into Specialty Paper Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global specialty paper market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the specialty paper market based on product type (décor, thermal, carbonless, kraft, and other types) and end-use application (printing & writing, packaging, building & construction, industrial, and other commercial end-use) across seven regions.

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Rare Earth Metals Market will Experience Steady Growth of Around 6% CAGR between the Forecast Period 2021 and 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global rare earth metals market is poised to witness steady growth at around 6% CAGR, exceeding the market valuation of US$ 3,818.8 Mn between the forecast period 2021 and 2031.

Growing consumer preference towards electronic vehicles and rapid expansion of the automotive and electronic industry are emerging as chief factors augmenting the growth of the rare earth metals market.

Presence of high-growth potential industries including consumer goods and renewable energy in developed countries such as the U.S., the U.K., and Germany will propel sales in the market.

Permanent magnets used in wind turbines are produced from rare earth metals such as dysprosium and neodymium. Considering this, a steady expansion of wind turbine installations worldwide will create conducive environment for rare earth metals sales.

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Besides this, the market will continue gaining from application in manufacturing batteries installed in electric vehicles. With electric and hybrid vehicles sales forecast to gain momentum in the coming years, the demand for rare earth metals with consistently rise.

Rising digitization and urbanization in developing countries such as China, India, and South Korea is boosting the demand for consumer electronics, which in turn is fostering sales of rare earth metals.

As per FMI, Asia Pacific excluding Japan will continue exhibiting high growth within the global market. Within the region, the Neodymium segment is likely to gain remarkable 270 basis points by 2026 in comparison to that of 2016.

China, trailed by India, will emerge as the dominant market for rare earth metals in Asia Pacific. The continued surge in mining activities, besides expansion of electronics and automotive sectors will support growth in the country.

Key Takeaways from FMI’s Rare Earth Metals Market Study

  • Neodymium will emerge as the most preferred metal type throughout the forecast period.
  • Permanent magnets will dominate the application-type segment.
  • The U.S. will exhibit high demand due to rapid expansion of automotive and renewable energy industries.
  • China will lead the rare earth metals market owing to the presence of major players and increasing production of consumer electronics.
  • The U.K. will experience steady growth, which is attributable to increasing demand by various end-use industries.
  • South Korea and Japan will account for nearly 14% of the market share.

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“Companies operating in the market are adopting sustainable mining policies to gain competitive edge. Besides this, they are seeking approval from international organizations to aid capacity expansion,” says the FMI analyst. 

Competitive Landscape

China Northern Rare Earth (Group) High-Tech Co., Ltd., Rising Nonferrous Metals Share Co., Ltd., Lynas Corporation, China Minmetals Corporation Limited, and Aluminium Corporation of China Limited are some leading players operating in the rare earth metals market.

Key strategies being incorporated by manufacturers include emphasis on sustainable mining practices, research, and development regarding efficient use of metals, industry-grade machinery installations, and expansion of procurement facilities.

For instance:

  • In December 2019, Lynas Corporation joined hands with Kalgoorlie Boulder, based out of Australia, to open a new processing plant for processing materials mined from the nearby Mt Weld lanthanide deposits.
  • In June 2021, Arafura Resources Ltd., received approval and a Letter of Support from the Northern Australian Infrastructure Facility (NAIF) for the inclusion of its Nolan NdPr sites as a statutory defined area of North Australia, enhancing the sustainable mining practices in the region.

More Insights on the Rare Earth Metals Market

In its latest report, FMI offers an unbiased analysis of the global rare earth metals market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

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In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application type (catalysts, permanent magnets, metallurgy & alloys, polishing, glass, phosphors, ceramics, and others (fertilizers, pigments, defense, etc.) metal type (Neodymium, Yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan, and Middle East & Africa)

About FMI

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

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Metal & Metal Oxide Nanoparticles Market will Grow to Nearly US$ 51 Billion by the end of 2026, at a CAGR of 13.9%

A comprehensive analysis on the [Metal & Metal Oxide Nanoparticles market] by 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.

Frontiers of nanotechnology continue to span across the globe and among diversified industrial verticals. Nanoparticles of various elements are gaining competence as crucial industrial constituents, and are witnessing a considerable rise in their applications.

Future Market Insights’ recent study explores the market for nanoparticles of metals and metal oxides, and projects that application of such nanoparticles will gain traction duet to their ground-breaking properties.

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According to Future Market Insights,

  • High physical, chemical and surface properties of metal and metal oxide nanoparticles will fuel their applicability as effective bulk materials
  • Metal and metal oxide nanoparticles will also play an instrumental role in manufacturing of innovative products offered in the global consumer electronics industry
  • Versatile applicability of metal and metal oxide nanoparticles will also witness higher adoption for drugmakers and medical device manufacturers

The global market for metal nanoparticles is presently valued at US$ 13.7 Bn, and will soar at 13.9% CAGR to surpass US$ 50 Bn mark by the end of 2026. During this ten-year forecast period, the US$ 1.8 Bn global market for metal oxide nanoparticle will also surge robustly at 10.4% CAGR, and will procure over US$ 5 Bn revenues towards the end of period.

This clearly indicates that by the end of 2026, the global metal nanoparticles market will be worth ten times the projected value for global metal oxide nanoparticles market. Collectively, the global market for metal and metal oxide nanoparticles are bound to soar at more than 10% CAGR throughout the forecast period.

The report reveals that the demand for metal and metal oxide nanoparticles will remain considerably high in three regions – North America, Western Europe and the Asia-Pacific excluding Japan region. Towards the end of 2026, North America will dominate the global metal nanoparticles market with 30% share, while Europe will be at the forefront of global metal oxide nanoparticles market.

Companies such as Meliorum Technologies, Inc., Nanostructured & Amorphous Materials Inc., American Elements, SHOWA DENKO KK, and Tekna Systemes Plasma Inc. are recognised as key manufacturers of metal and metal oxide nanoparticles in the world.

Other leading participants in the global metal and metal oxide nanoparticles market include US Research & Nanomaterials Inc., Nanoshel LLC, Nanophase Technologies Corporation, Sigma-Aldrich Co. LLC and NanoComposix Inc.

The report further reveals that personal care & cosmetics industry will remain as the most lucrative end-user of metal and metal oxide nanoparticles. With over one-third revenues share for both, metal and metal oxide nanoparticles, personal care & cosmetic applications will be demanding greater use of such materials.

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Moreover, the demand for metal nanoparticles will also be high in defence sector, while metal oxide nanoparticles will gain traction in production of electrical and electronic products. Based on research findings, the report also estimates that by the end of 2026, nearly 50% of global metal nanoparticle revenues will be accounted by sales of iron nanoparticles. On the other hand, global revenues emanating from sales of zinc oxide nanoparticles will surge at 11% CAGR.

Global Metal & Metal Oxide Nanoparticles Market: Segmentation

To understand and assess opportunities in the global metal & metal oxide nanoparticles market, we have divided the report into four sections based on market segmentation as under:

By Metal Nanoparticles:

  • Titanium
  • Silicon
  • Aluminium
  • Iron
  • Gold
  • Copper
  • Silver
  • Magnesium
  • Platinum
  • Zinc
  • Others (Nickel, Lead, Tin)

By Metal Oxide Nanoparticles:

  • Titanium Oxide
  • Bismuth Oxide
  • Zinc Oxide
  • Magnesium Oxide
  • Aluminium Oxide
  • Iron Oxide
  • Copper Oxide
  • Tungsten Oxide
  • Other (Magnese oxide, cerium oxide, indium tin oxide)

By End Use Industry:

  • Chemical & Coatings
  • Pharma & Healthcare
  • Transportation
  • Personal Care & Cosmetics
  • Electrical & Electronics
  • Defence
  • Other (Textile, rubber & plastic, etc.)

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Analyst Viewpoint

The introduction of the very new fluorescent copper nanoparticles (F-CuNP) has received great attention owing to their over attractive features such as water solubility, good biocompatibility and ease of functionality. Moreover, considerable efforts are being made for the application and preparation of these fluorescent copper nanoparticles (F-CuNP). F-CuNP are widely being used in various industries and have growing applications in the textile industry owing to their enriching fluorescence properties.

That apart, the growing applications of fluorescent copper nanoparticles (F-CuNP) are in the sensing of metal ions such as Pb2+, Hg2+, Fe3+, Cu2+,etc. This is supporting the growth of the overall copper nanoparticles market.

About FMI

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

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Electroplating Market is Projected to Reach 4.3% CAGR by end Forecast Period the Range of 2021 and 2031

Future Market Insights (FMI) in a new study predicts the electroplating market to exhibit 3.6% Y-o-Y growth in 2021. Electroplating has become a vital application in a number of industries such as electronics, automotive, and machinery parts & components, due to its indispensable characteristics of corrosion resistance.

Rapid industrialization, coupled with high disposable income in developing countries, is fuelling the demand in the automotive, electronics, and jewelry industry, which in turn has been creating opportunities for electroplating applications.

According to the report, the global electroplating market is projected to rise at a CAGR of ~4.3% during the forecast period of 2021-2031, reaching a market value of ~US$ 25 Bn by 2031. While the growth projections for electroplating market continues to be strong during the forecast period, the ongoing COVID-19 pandemic crisis is anticipated to cause a minor strain in demand.

Closure of manufacturing units and supply chain networks due to shutdowns in a number of countries is expected to affect the consumption of Electroplating in key industries like electronics, automotive and aerospace & defense. However the market is expected to recover in year 2021.

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Among various industries exhibiting demand, the automotive and electrical and electronics segment will continue accounting for the lion’s share. Of these, the automotive segment is expected to maintain dominance, accounting for above 34% of electroplating sales through 2031.

Key Takeaways from Electroplating Market Study

  • Electroplating market will continue exhibiting growth after a temporary period of lull in 2020. It is likely to exhibit 4.3% CAGR between 2021 and 2031
  • US holds 81.6% of North America market in 2021 and outlook remains positive
  • UK will register a growth of 2.8% Y-o-Y in 2021
  • Germany and France will continue exhibiting steady growth
  • JAPAN and Korea will continue to be a bright spot, yet China will hold dominance in East Asia

 “With small manufacturers eating into the market share, global players are looking into ways to improve margins by engaging in more B2C sales through collaboration with large scale end users”– says FMI analyst

Electroplating Market: Participant Insights                                              

Key global players in the Electroplating market, like Atotech Deutschland GMBH, Interplex Holdings Pte. Ltd, Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., Roy Metal Finishing Inc., are focused on establishing partnerships with automotive OEMs, machinery equipment providers and electronic companies to form long term supply contracts. Manufacturers also are focusing on innovations to gain competitive advantage. For instance, Fischer has launched an innovative laser technology to improve plastic electroplating.

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Key Segments

Plating Metal

  • Gold
  • Silver
  • Copper
  • Nickel
  • Chromium
  • Zinc
  • Others

Substrate

  • Manually Operated Inhaler Devices
  • Base Metal Plating
  • Plastic Plating

Function

  • Decorative
  • Functional

End-Use

  • Automotive
  • Electrical & Electronics
  • Aerospace & Defense
  • Jewelry
  • Machinery Parts & Components
  • Others

To Know More about Electroplating Market:

A recent market study published by Future Market Insights (FMI) on the global Electroplating market report offers insights into the consumption scenario of Electroplating on both global and regional level. The report analyses the Electroplating market demand through three segments – plating metal, substrate, function, and end-use, across six regions.

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The Electroplating report also offers key insights into key growth drivers by end use, major competitors across application, manufacturer margins, and import/export scenario, along with COVID impact analysis on the market demand trend.

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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Opioid Analgesics Market to Display 5.4% CAGR to 2031

As per an exhaustive study by FMI, the Global Opioid Analgesics Market is anticipated to reach US$ 65.8 billion by 2031. In response to surging demand for post-surgery pain management and focus on novel drug formulations for analgesics, the market is estimated to expand at a CAGR of 5.4% over the forecast period 2021-2031, in comparison to the 4.2% CAGR registered from 2106 to 2020.

Opioid analgesics market is largely driven by the increasing prevalence of chronic disorders, neuropathic pain, and orthopedic diseases. Opioids are extensively used for anesthesia, cough suppression, cancer pain management, and treatment of several other conditions. In addition to this, the development of novel analgesics with fewer side effects is expected to spur sales by 1.7X through 2031.

A considerable rise in the number of surgical procedures has been reported in the last few years. According to the International Society of Aesthetic Plastic Surgery (ISAPS), around 11.3 million surgeries were reported across the world in 2019. As opioids are used as medications for managing and reducing pain post-surgeries, the surgical pain indication segment is anticipated to account for nearly 45.9% of the total sales by 2031.

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The growth in the region is attributed to the increasing prevalence of chronic diseases and presence of favorable medical reimbursement policies in the U.K and Germany.

Commercialization of non-abusive opioids and increasing availability of opioid analgesics through online distribution channels are expected to accelerate the sales of opioid analgesics,” says the FMI analyst.

Key Takeaways from Opioid Analgesics Market Study

  • The U.S. is anticipated to lead the market in North America, accounting for nearly 86% of the overall sales in 2021.
  • Sales of opioid analgesics in Germany are estimated to total US$ 2.2 billion, growing at a CAGR of 3.8% during the assessment period.
  • The market in India is forecast to account for 35.4% of the sales in South Asia, expanding at a CAGR of 5.7% between 2021 and 2031.
  • China is expected to emerge as the most lucrative market for opioid analgesics in East Asia, contributing around 54.2% of the sales revenue in the region by 2021 end.
  • Among drug class verticals, oxycodone is estimated to dominate the segment accounting for more than 19% of the global demand in 2021.

Key Drivers

  • Surging demand for facial and body aesthetics in response to the rising number of aesthetic surgical procedures such as breast implantation, eyelid surgeries, and abdominoplasty conducted worldwide will spur the sales across surgical pain segment.
  • Increasing adoption of opioid maintenance treatment (OMT) for treating opioid dependence (OD) across Germany, the U.K., the U.S., and others are anticipated to drive the market growth.

Key Restraints

  • Side effects associated with opioid analgesics such as drowsiness, nausea, constipation, clouded thinking, and psychological & physical addiction are hampering the market growth.
  • Stringent government regulation and guidelines regarding manufacturing, storage, marketing, and selling of opioid products are restraining the growth of opioid analgesics.

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Competitive Analysis

Leading manufacturers are emphasizing on launching new and revised products to enhance their product portfolios. Strategies such as product approvals, partnerships, agreements, merger, facility expansion, and collaborations are expected to assist market players strengthen their footprint and gain a competitive edge over other players. For instance,

In May 2020, Assertio Therapeutics, Inc., an American specialty pharmaceutical company, announced entering into merger agreement with a U.S.-based pharmaceutical company, Zyla Life Sciences. The merger will assist companies to expand their product portfolio of inflammation, neurology, and chronic pain medications.

In September 2018, Novartis, a Swiss multinational pharmaceutical corporation, announced signing an agreement for marketing, distribution, and sales, of well-known pain medicine brands such as Cataflam (diclofenac potassium) and Voltaren (diclofenac sodium) in Thailand, Malaysia and Philippines.

  • Pfizer Inc.
  • Abbott Laboratories
  • Janssen Pharmaceuticals, Inc. [Johnson & Johnson]
  • Novartis AG
  • Bayer AG
  • GlaxoSmithKline plc
  • F. Hoffmann-La Roche AG,
  • Boehringer Ingelheim International GmbH
  • Bausch Health Companies Inc.
  • Sanofi S.A.
  • Teva Pharmaceuticals
  • AbbVie Inc. (Allergan plc)
  • Purdue Pharmaceuticals L.P.
  • Sun Pharmaceutical Industries Ltd.
  • Mallinckrodt Pharmaceuticals
  • Endo Pharmaceuticals Inc. [Endo International plc]
  • Assertio Therapeutics, Inc. [Assertio Holdings, Inc.]

Opioid Analgesics Market by Category

By Drug Class:

  • Morphine
  • Codeine
  • Fentanyl
  • Meperidine
  • Methadone
  • Tramadol
  • Oxycodone
  • Dextromethorphan
  • Buprenorphine
  • Others

By Indication:

  • Surgical Pain
  • Cancer Pain
  • Neuropathic Pain
  • Other

By Route of Administration:

  • Oral
  • Parenteral
  • Transdermal
  • Other

By End User:

  • Hospitals
  • Retail Pharmacies
  • Drug Stores
  • Online Pharmacies

By Region:

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

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Why Future Market Insights?
  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

About FMI:

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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