Plywood Market | Development Trends, Competitive Analysis and Key Manufacturers Report by 2028

Future Market Insights (FMI) throws light on some of the key factors boosting revenues in the global market for plywood. Plywood finds increasing use across diverse applications ranging from furniture, flooring, and packaging of high-value goods. This is anticipated to boost sales of plywood in the global market, according to Future Market Insights forecasts.

A growth in residential and commercial spaces across the world has further boosted the demand for readymade and aesthetically designed furniture, incorporating extensive use of plywood. With people opting for designer furniture, the demand for plywood from the furniture industry is already peaking and this is anticipated to augment revenues in the global plywood market.

Global infrastructural development has reached newer heights in the last few years, with massive constructions – both residential and commercial – mushrooming across both Tier 1 and Tier 2 cities across the world. This has led to impressive growth of the global building and construction industry and as a consequence positively impacted revenues of ancillary industries. Plywood is an inherent component of the construction industry – being widely used in manufacturing readymade and customised furniture.

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“Growth in global consumption of plywood is pegged to increase at a decadal rate of 4.6% to reach 164,402 cubic meters by the end of 2022. This growth is attributable to the continuous demand from end-use industries especially the furniture production industry.” — Future Market Insights

Besides, there is an increasing global phenomena promoting the use of wood and wood based products in the construction of both residential as well as commercial buildings. This trend is being supported by laws enforced at the administrative level.

For instance, Japan’s “Act for Promotion of Use of Wood Products in Public Buildings, 2010” seeks to encourage the use of plywood in the construction sector. Global construction projects focusing on wooden skyscrapers such as the Oakwood Timber Tower are also expected to positively impact demand for plywood in the coming years.

Wood and wood based products such as plywood are eco-friendly in nature, encouraging the plantation of trees to meet the rising demand. Plywood and other ancillary wood products contribute to environmental protection. This is another factor acting in favour of the plywood market.

This study by FMI on the plywood market further identifies the growing importance of plywood in the global packaging industry as a key demand driver. “Plywood has enhanced mechanical strength besides being lightweight in nature.

Plywood is also reusable and helps save on costs. This makes plywood the best packaging option for various types of products. With the current ban on plastic for product packaging, plywood is being increasingly adopted as a highly effective raw material to package different types of goods. This is expected to boost revenues in the global plywood market.”

Lucrative Opportunities Lie in the African Timberlands for both Existing Players and New Market Entrants

The presence of vast expanses of land in Africa coupled with the overall low costs of maintenance and production in the region make Africa a very attractive choice for the growth of forestry and the manufacturing of wood products, particularly plywood.

Manufacturers in the global plywood market are looking at lucrative growth prospects in the African continent, given the region’s huge natural timberlands and mature plantations. Harvesting of plywood in the African forests is both cost-effective and environment friendly. This is boosting the setting up of backward integrated units manufacturing plywood, hence creating highly lucrative opportunities for players in the global plywood market.

Massive growth of the global construction industry has resulted in the pumping in of huge infrastructure investments by both private sector and public sector enterprises. This is likely to broaden the horizon for regional manufacturers of plywood with endless possibilities for revenue growth.

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Adoption of Plywood in Digital Printing Trending the Global Market

Plywood is increasingly finding application as a substrate in high-scale inkjet printing projects. Plywood is used as an alternative to aluminium and plastic sheets owing to its non-reflective nature. Digitally printed plywood serves as an excellent substitute for several outdoor applications such as fence and road signs, as it is highly durable. This is the latest trend dotting the global plywood landscape, pushing revenues in the global market.

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Furfuryl Alcohol Market | Recent Trends, Demand, Dynamic Innovation in Technology & Insights 2028

The strong shift towards the development of bio-based chemicals against the backdrop of volatile petrochemical prices is expected to remain a key driver for the growth of furfuryl alcohol market.

Predominantly, over the years, the consumption of furfuryl alcohol in foundry resins has reached an unprecedented level, owing to the physical and chemical properties possessed by furfuryl alcohol.

Increasing industrial production, relatively stable economic conditions and consistent growth in automotive sales in various regions such as India, SEAP and China are the factors estimated to drive the growth in the demand for furfuryl alcohol.

Furfuryl alcohol (C4H3OCH2OH), also known as 2-furylmethanol or 2-furancarbinol, is an organic compound containing a furan substituted with a hydroxymethyl group. Furfuryl alcohol is made from furfural by means of catalysis with hydrogen. It is colourless or pale yellow in appearance and finds adoption in various applications.

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As a result, the global market for furfuryl alcohol is expected to witness significant growth in 2022, reaching a market value of US$ 836.2 Mn with a y-o-y growth rate of 4.5% as compared to 2017. Furthermore, the global demand for furfuryl alcohol will also be influenced by the rising utilisation of the chemical in pharmaceutical solvents and wood impregnation.

In the recent past, the furfuryl alcohol market has witnessed significant developments from the competition perspective. Production capacity expansion and commencement of production are some of the preferred strategies opted by prominent players to sustain and enter in the global furfuryl alcohol market.

Based on the application, the foundry resin segment is expected to remain dominant in terms of the global furfuryl alcohol market volume share and account for approximately an 88.6% share by the end of 2028.

Based on source type, corn cob raw material is expected to remain behemoth in the global market and account for more than 86% of the revenue by 2028-end. Corn cob is one the most consumed raw materials in the production of furfural and then, furfuryl alcohol.

On the other hand, the production of furfuryl alcohol from sugarcane bagasse is expected to grow at a CAGR of 6.4%. In terms of growth, bagasse will remain one of the most attractive segments. Importantly, sugarcane bagasse has a yield just next to that of corn cob.

In 2021, China was the most attractive region in the global furfuryl alcohol market and accounted for more than 61.3% of the global market share. Further, being at the forefront in terms of furfuryl alcohol production and consumption, China is pegged to control the global furfuryl alcohol market in the future as well.

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Furfuryl Alcohol Market by Category

By Source Type :

  • Sugarcane Bagasse Raw Material
  • Corn Cob Raw Material
  • Others (Wheat bran, oats, wood, etc.)

By Applications :

  • Corrosion Inhibitor
  • Foundry Resin
  • Solvents (Pharmaceutical and Others)
  • Others (Adhesives, Lubricants etc.)

By Region :

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

The increasing demand for furfuryl alcohol has influenced prominent manufacturers to expand their production facilities. In India, various manufacturers are poised to start the production of furfuryl alcohol on account of the anticipated demand rise in the coming years.

Hongye Holding Group Corp., Ltd., Zibo Huaao Chemical Co., Ltd., International Furan Chemicals B.V., China XLX Fertilizer Ltd., Aurus Speciality Company Limited, Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Silvateam, Shijiazhuang Worldwide Furfural and Furfuryl Alcohol Furan Resin Co. Ltd., KRBL Ltd. and Illovo Sugar (PTY) Ltd. are some of the key players involved in the global furfuryl alcohol market.

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Metalworking Fluids Market | Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2031

As per a latest market study by Future Market Insights (FMI), the demand for metalworking fluids is projected to grow at 3.7% CAGR between 2021 and 2031, reaching US$ 9.61 Bn in 2021.  With a favorable demand outlook, sales of metalworking fluids are poised to total 36,67,557.1 Tons by 2031.

Increasing adoption of metalworking fluids for the production of key metal components in the transportation equipment and heavy machinery industries will continue augmenting market growth.

Growing preference for lightweight metals such as aluminum, copper, and zinc in production of complex components used in high performance applications is anticipated to boost sales of metalworking fluids over the forecast period.

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Rapid urbanization and population growth are leading to a surge in demand for private transportation vehicle and increased spending on public transport. The automotive industry has been a key beneficiary of this trend, as automotive sales continued increasing in developing countries such as China, India, Saudi Arabia, and ASEAN nations.

Similar growth has been recorded in these markets for public transportation facilities such as metro trains, resulting in high demand for metalworking fluids in the automotive and transportation sectors.

However, various stringent regulations regarding the usage of harmful synthetic chemicals are restricting the market growth. To counter this issue, manufacturers are investing in research and development activities to develop eco-friendly lubrication solutions.

Emergence of bio-based fluids, and other multifunctional fluids to reduce incompatibility will continue providing tailwinds to metalworking fluids sales in the forthcoming years.

Key Takeaways from Metalworking Fluids Market Study

  • Transportation equipment is the leading consumer of metalworking fluids, accounting for and more than half of the overall metalworking fluids produced.
  • Sales of straight oils are projected to increase by 3.1% year-over-year in 2021.
  • Based on product type, sales of metal removal fluids are projected to command over 50% of the total metalworking fluids market share.
  • The U.S. will continue dominating the North America metalworking fluids market, growing by 3.0% year-over-year rate in 2021.
  • Demand for metalworking fluids in Germany is anticipated to rise at a 3.5% CAGR through 2031.
  • China will emerge as a lucrative metalworking fluids market, expanding at a 5.1% CAGR over the forecast period.
  • Japan and South Korea will collectively account for 9.7% of the total metalworking fluids market share.

“Increasing sales of lightweight automotive such as electronic vehicles (EVs), along with innovations in fluid blends to cater to diverse industrial requirements will continue pushing the sales of metalworking fluids over the forecast period,” says the FMI analyst.  

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Metalworking Fluids Market: Participant Insights                                               

Key players operating in the global metalworking fluids market comprise ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., Quaker Chemical Corporation, FUCHS Petrolub SE, TotalEnergies SE, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Cimcool Industrial Products LLC, and Metalworking Lubricants Company.

As per FMI’s analysis, top 5 players including Quaker Chemical Corporation, ExxonMobil Corporation, TotalEnergies SE, Idemitsu Kosan Co. Ltd. and BP plc. are projected to account for 45-55% of the total metalworking fluid market share.

In efforts to gain a competitive edge, leading players are focusing on research and development to launch new and innovative products that are more efficient and comply with various stringent regulations. In addition to this, collaborations, mergers, and acquisitions will remain effective growth strategies among players over the assessment period.

Metalworking Fluids Market by Category

By Category:

  • Straight Oil
  • Emulsified Oil
  • Semi-Synthetic oils
  • Synthetic Oils

By Product Type:

  • Removal Fluid
  • Protection Fluids
  • Forming Fluids
  • Treating Fluids

By End-Use:

  • Metal Fabrication
  • Heavy Machinery
  • Transportation Equipment
  • General Manufacturing

By Region:

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

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Key Questions Answered in the Report

  1. What is the current metalworking fluids market value?
  2. At what rate did the metalworking fluids market grow between 2016 and 2020?
  3. What are the key trends driving metalworking fluids sales?
  4. Who are the leading players in the metalworking fluids market?
  5. What will be the demand outlook for North America metalworking fluids market?
  6. What is the market share of leading players in metalworking fluids market?
  7. What will be the metalworking fluids market share in Europe?
  8. What is the current market share of Japan and South Korea in the global metalworking fluids market?

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Zinc Chloride Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast to 2022-2028

Future Market Insights delivers key insights on the global zinc chloride market in its latest report titled ‘Zinc Chloride market: Global Industry Analysis 2017-2021 and Opportunity Assessment, 2022-2028.’ The long-term outlook of the global zinc chloride market remains positive and its market value is expected to increase at a CAGR of 4.8% during the forecast period (2022 – 2028).

On the basis of grade type, the global zinc chloride market is dominated by the high purity grade segment, which accounts for ~43.6% of the global zinc chloride demand. The segment is estimated register a moderate CAGR over the forecast period and the demand for the segment is mostly driven by the chemical industry. Battery grade zinc chloride is widely used in the manufacturing of dry cell batteries.

Technical grade and commercial grade zinc chloride segments are projected to witness high acceptability and growth rates in the latter half of the forecast period as these grades are used in electronic and other industrial applications.

Global sales of zinc chloride is valued at US$ 270.9 Mn by the end of 2018 – witnessing Y-o-Y growth of 4.6% over 2017. China accounts for a value share of ~21.9% of the global zinc chloride market in 2018 end and it is anticipated to register significant demand for zinc chloride from chemical and agriculture industries.

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Zinc chloride or ZnCl2 is a deliquescent salt, which is white in color and forms acidic solutions in polar organic solvents such as ether, acetone, water and ethanol. Zinc chloride is hygroscopic in nature and thus, must be kept away from water vapors and moisture sources. By adding zinc chloride and acetone, a neutral solution of zinc chloride is prepared.

Increasing demand for zinc chloride from chemical and textile industries can be attributed to the growth in usage in these industries. Other than this, zinc chloride also finds a number of other applications in various end-use industries such as in galvanizing, tinning of fluxes and soldering.

It can also be used as an odor controller, due to which its demand is increasing in the market. The reaction of sulfide with zinc chloride minimizes the release of H2S gas in waste water treatment facilities, thereby aiding in odor control. Zinc chloride is used in the rubber industry for the vulcanization of rubber.

That apart, dissolution of cellulosic fibers in scrap is done with the help of zinc chloride. Zinc chloride is also used for various other applications such as textile finishing, liquid fertilizers, organic synthesis, dry cell batteries and wood preservatives, among others.

However, the global zinc chloride market is projected to face numerous challenges as zinc chloride is toxic in nature and can cause skin & eye burns. Zinc chloride and water, on contact with eyes, can cause permanent damage. Such factors are further expected to hamper the growth of the zinc chloride market.

One of the recent trends observed in the global zinc chloride market includes the use of zinc chloride as a catalyst in the automotive industry.

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Segmentation Analysis

  • On the basis of grade type, the high purity grade segment is projected to remain dominant throughout the forecast period with a share of ~43.6% by the end 2018
  • On the basis of application type, the global zinc chloride market is projected to be dominated by the dry cell batteries segment, which is expected to register a CAGR of 4.5% over the forecast period. However, the catalyst segment is expected to witness a higher growth rate
  • On the basis of end use, the use of zinc chloride in the chemical industry is projected to remain the relatively larger end use segment; however, other applications such agriculture and electronics are expected to expand at relatively moderate growth rates

Regional Analysis

From a regional perspective, China is projected to dominate the global zinc chloride market throughout the forecast period. The region is a production base for a number of global manufacturers and also, exports to Asian and other countries.

North America also holds a significant share of ~20% in the global zinc chloride market with the U.S. representing the major market demand. India is projected to be a higher growth country with significant growth opportunities in the latter half of the forecast period. ASEAN, Poland, Brazil and other countries are majorly dependent on the import of zinc chloride from the U.S., China and Europe.

Therefore, a number of manufacturers are planning to strategically invest in expanding their sales and production footprint in the region. Latin America and MEA are projected to remain low volume – high growth regions over the forecast period.

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Vendor Insights

The report highlights some of the top companies operating in the global zinc chloride market such Zaclon LLC, Flaurea Chemicals, Vijaychem Industries, FInOrIC, American Elements, Pan-Continental Chemical Co., Global Chemical Co. Ltd., TIB Chemicals, S.A. Lipmes, Haihua Industry and Yanggu Zhongtian Zinc Industry Co. Ltd., among others.

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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 favour 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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Epoxy Curing Agents Market | Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2022-2028

The US$ 2.45 Bn global epoxy curing agents market is estimated to surpass US$ 4 Bn by the end of 2028, according to a recent research report published by Future Market Insights. In terms of value, the market is apprehended to exhibit a progressive CAGR of 5% over the assessment period, 2022-2028. Successful emergence of bio-based and water-based epoxy curing agents is expected to drive the market during the next 10 years.

“Increasing consumption of epoxy resins by electrical laminate manufacturers and substantial demand for printed circuit boards (PCBs), which are widely used in electronic products manufacturing, will collectively push the market for epoxy curing agents over the next decade.

The market will also gain a significant thrust by fuel-efficiency regulations set for the use of lightweight materials by automakers and aerospace component manufacturers,” discovers a team of research analysts at Future Market Insights.

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China to Remain at the Center Stage in Terms of Revenue Generation

As per the insights provided through regional assessment, the global market for epoxy curing agents has been led by China over the years. The Chinese market currently accounts for a major chunk of global revenues, i.e. nearly 45%.

This growth is predominantly attributed to hefty consumption of epoxy agents by paints, coatings, and ink industry. Moreover, China has been witnessing fostering demand for coatings, specifically from automotive, floorings, and manufacturing industries, which will further result in bolstering traction to epoxy curing agents in near future.

Western Europe is foreseen to secure the second position in terms of revenue contribution, owing to high demand for renewable energy resources.

Emerging Economies to Rise Rapidly Despite Low-volume Market Sizes

While North America is presumed to observe sluggish growth throughout the forecast period, it has been reported that developing countries in emerging economies such as Latin America, South East Asia Pacific (SEAP), and Middle East and Africa (MEA) will encounter with attractive opportunities in upcoming years.

The developing regions are foreseen to be the ‘high-growth, low-volume’ markets for epoxy curing agents. SEAP is anticipated to thrive at a promising CAGR of around 5.2% over 2018-2028, led by India, Thailand, and South Korea. ASEAN countries are projected to open multiple doors of opportunities for power generation and construction industries.

Key Companies Profiled

  • Huntsman Corporation
  • Olin Corporation
  • Hexion Inc.
  • Evonik Industries AG
  • BASF SE
  • Cargill Incorporated
  • Mitsubishi Chemical Corporation
  • DIC Corporation
  • Showa Denko KK
  • Aditya Birla Corporation
  • Toray Fine Chemicals Co. Ltd.
  • Gabriel Performance Products.
  • Others

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Epoxy Curing Agents Market by Category

By Product:

  • Amines and Polyamines
  • Amides and Polyamides
  • Anhydrides
  • Phenolic
  • Others

By Application:

  • Paints, coatings and inks
  • Adhesives and Sealants
  • Composites

By End Use:

  • Construction
  • Electrical and electronics
  • Power Generation
  • Automotive and Transportation
  • Marine
  • Others

By Region

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

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Epoxy Curing Agents Market – Competitive Landscape

Leading players operating in global epoxy curing agents market are developing heat resistant epoxy curing agents to cater to the surging demand from electronics and automotive industries. They are also adopting expansion strategies such as partnerships and collaborations with end-user to expand their customer base.

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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 favour 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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N-Methyl-2-Pyrrolidone (NMP) Market | Size, Latest Trends, Regional Insights Dynamics By 2028

NMP or N-Methyl-2-Pyrrolidone is a hygroscopic, highly polar compound with great thermal and chemical stability. It is slowly oxidised by air and easily purified by fractional distillation. NMP is used for many applications, and is highly prevalent in the industry as it is biodegradable and recyclable. A new research report by Future Market Insights projects the market scenario of NMP for the years ahead.

According to this comprehensive research report titled ‘N-Methyl Pyrrolidone (NMP) Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’, the global N-Methyl-2-Pyrrolidone Market is expected to reach a value of over US$ 1,200 Mn by the end of 2028, growing at a CAGR of 4.6% during the forecast period.

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N-Methyl-2-Pyrrolidone Market: Snapshot

With the rise in demand for NMP in the global market, many companies are adopting the strategy of innovating their product offerings. There are various companies moving strong in the market, and are forced to come up with innovative products in order to compete efficiently in the market. Innovation and sustainability initiatives are anticipated to be major factors responsible for competiveness.

Consumers do not mind paying a premium for green chemistry and environmental preservation initiatives. This, along with more stringent regulatory constraints, may further increase the importance of innovation in this market. Regional expansion is another strategic move undertaken by top manufacturers to efficiently cater to consumer demands.

Manufacturers are also expanding their production plants in different regions with improved capacity levels. These moves also serve as a driver for the global NMP market, boosting product supply and demand.

Some of the key players in the market include companies such as LyondellBasell Industries Holdings, Ashland, Eastman Chemical Company, Mitsubishi Chemical Corporation, Hefei TNJ Chemical Industry Co., Ltd, Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd, Zhejiang Realsun Chemical Co., Ltd, Puyang,, Guangming Chemicals Co., Ltd, Abtonsmart Chemicals (Group) Co., Ltd, Balaji Amines, Binzhou Yuneng Chemical Co., Ltd, Binzhou City Zhanhua District Ruian Chemical Co., Ltd. All these companies play a crucial role in influencing the dynamics of the global NMP market.

N-Methyl-2-Pyrrolidone (NMP) Market by Category

By Applications:

  • Petrochemical Processing
  • Paints & Coatings
  • Industrial Cleaners
  • Electronics
  • Agrochemicals
  • Pharmaceutical

By Region:

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

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NMP Market Anticipated to Face Growth Restrictions in North America and Europe Due to New Regulatory Framework

According to the market analysis for the years 2018-2028, China is expected to record the highest consumption of NMP in excess of 120,000 MT by the end of 2028.

However, in terms of growth rate, the SEA & Pacific region is expected to witness good growth during the forecast period. North America also holds a lucrative position with a high market value estimated by the end of 2028.

The report also highlights the fact that the application of NMP in industrial cleaners and paints or coatings will decline exceptionally in Europe and North America, due to a stringent regulatory framework.

In Europe, the use of NMP in consumer products is expected to decline owing to its entry in Annex VI of the CLP Regulation including Repr. 1B H360D with a specific concentration level (SCL) of 5% (current consumer product limit).

If this is applied, it will confine the use of NMP in consumer applications to less than 0.3% and would thereby prohibit NMP from being used in such products as NMP would have no functionality at this level in the current consumer applications.

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Pharmaceutical Grade Sodium Carbonate Market | Segmentation, Outlook, Industry Report to 2028

According to Future Market Insights, the global pharmaceutical grade sodium carbonate market is projected to rise at a value CAGR of 2.5% during the forecast period. In 2022 the global market was valued at around US$ 38 Mn and is estimated to touch a valuation more than US$ 51 Mn by the end of the assessment period.

A new research study titled “Pharmaceutical Grade Sodium Carbonate Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028)” by Future Market Insights presents a extensive analysis on the pharmaceutical grade sodium carbonate market along with global trends and opportunities across various regions.

The analysis also includes key driving factors as well as restraining aspects that impact the global market’s growth. This extensive market research report covers historical market scenario for pharmaceutical grade sodium carbonate along with a forecast analysis for a period of 10 years.

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Increase in the Consumption of Drugs to Treat Gastrointestinal Diseases Expected to Fuel the Demand for Pharmaceutical Grade Sodium Carbonate

Owing to unhealthy food habits, demographic changes, sleeping habits and changes in other daily activities, rate of gastrointestinal diseases has increased. According to World Gastroenterology Organization, about 35% to 40% of the world’s population is suffering from chronic or acute gastrointestinal diseases.

Due to changes in diet and associated irregularities in food consumption, higher percentage of population is developing gastrointestinal disorders. This has spurred the consumption of antacids and other gastrointestinal drugs.

Pharmaceutical grade sodium carbonate is largely used as an API in various antacids to treat gastrointestinal drugs. This has fuelled the consumption of the chemical at a global scale consequently fuelling the growth of the global pharmaceutical grade sodium carbonate market.

Key Companies Involved in the Global Pharmaceutical Grade Sodium Carbonate Market

Prominent players involved in the global pharmaceutical grade sodium carbonate market are concentrating on expanding their production capacity with a view to meet the increasing demand for pharmaceutical grade sodium carbonate at a global level from various end users for different applications.

Solvay SA, Novacarb (Novacap Group), Dr. Paul Lohmann GmbH KG, CIECH S.A., Natural Soda LLC, Jost Chemical Co., Tianjin Chengyuan Chemical Co. Ltd., Weifang Hongyuan Chemical Co. Ltd., and Tronox Alkali Corporation are few of the major players operating in the global pharmaceutical grade sodium carbonate market.

Analysis on these players is included in this research report, the scope of which covers financial data, product portfolio, expansion strategies and key developments and innovations.

Higher Price of Pharmaceutical Grade Sodium Carbonate to Hinder the Growth of the Global Market

The consumption of pharmaceutical grade sodium carbonate is limited to specialty, niche and certain high cost applications that require high levels of purity. Pharmaceutical grade sodium carbonate is manufactured using batch process to obtain high purity.

Extreme caution is essential during the manufacturing process of pharmaceutical grade sodium carbonate coupled with low volume of production, the costs incurred in production are high as compared to regular grades of the chemical.

This has resulted in increased pricing of pharmaceutical grade sodium carbonate which has a negative impact on the growth of the global market.

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Segmental Highlights from the Report

The global market for pharmaceutical grade sodium carbonate is categorised on the basis of applications of pharmaceutical sodium carbonate and its grade. Its market scenario across various regions in the globe is also covered.

With respect to region, North America, Western Europe and Asia Pacific excluding Japan (APEJ) are highly lucrative regions. The pharmaceutical grade sodium carbonate market in APEJ is projected to expand at the highest rate in the coming years owing to increasing demand and use of pharmaceutical grade sodium carbonate across various applications in this region.

In the grade category, the coarse segment is the largest with a high market valuation. The use of coarse pharmaceutical grade sodium carbonate is high as compared to the fine grade. Coarse grade, also known as technical grade, contains higher amount of sulphur. Several companies provide coarse grade at a much lesser price as compared to fine grade as coarse grade sodium carbonate needs less purification and is easy to manufacture.

By application, the use of pharmaceutical grade sodium carbonate is largely observed in API segment as pharmaceutical grade sodium carbonate is widely used as an API in various pharmaceutical companies for drug enhancement. It is also used as a pharma excipient.

Key Segments of Pharmaceutical Grade Sodium Carbonate Industry Survey

Pharmaceutical Grade Sodium Carbonate Market by Grade:

  • Fine Pharmaceutical Grade Sodium Carbonate
  • Coarse Pharmaceutical Grade Sodium Carbonate

Pharmaceutical Grade Sodium Carbonate Market by Application:

  • Pharmaceutical Grade Sodium Carbonate for API
  • Pharmaceutical Grade Sodium Carbonate for Pharma Excipients
  • Pharmaceutical Grade Sodium Carbonate for Personal Care
  • Others

Pharmaceutical Grade Sodium Carbonate Market by Region:

  • North America Pharmaceutical Grade Sodium Carbonate Market
  • Latin America Pharmaceutical Grade Sodium Carbonate Market
  • Europe Pharmaceutical Grade Sodium Carbonate Market
  • East Asia Pharmaceutical Grade Sodium Carbonate Market
  • South Asia & Pacific Pharmaceutical Grade Sodium Carbonate Market
  • Middle East & Africa (MEA) Pharmaceutical Grade Sodium Carbonate Market

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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 favour 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 Commercial Booster Pumps Market Is Predicted To Reach A Valuation Of US$ 10.06 Bn By 2030 End, FMI

Sales revenue of the global commercial booster pumps market stands at US$ 5.41 Bn at present, and is predicted to reach a valuation of US$ 10.06 Bn by the end of 2030. Over the 2022 to 2030 forecast period, worldwide shipments of commercial booster pumps are estimated to increase at 8.1% CAGR.

The report has estimated the market’s valuation as of 2020 at US $4.7 Bn. It is also forecast to expand at a CAGR of 7.8% between 2020 and 2030. The rising demand for corrosion-resistant pumps along with smart monitoring and controlling are creating lucrative prospects for the market’s growth.

The report offers a comprehensive market overview, offering insights into the prevalent factors. Some of the key takeaways from the report are highlighted below.

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Key Takeaways from the global commercial booster pumps market study:

  • Commercial booster pumps are dominating traditional pumping systems owing to its features of live monitoring and controlling, easy installation, and vibration-free operations.
  • Customized booster pumps having increased efficiency are attracting end-use industries such as aerospace, mining, and food processing
  • Both East Asia and Europe have emerged as lucrative markets for commercial booster pumps. In South Asia, the market will witness high demand from countries such as India and Thailand owing to the increasing investments made by the governments towards the development of water infrastructure
  • Growing applications in end use industries has created a significant demand for customized booster pumps as per the specific use in the industry. Fewer moving parts, no valves or seals are some of customizations preferred across industries

“The increasing demand for water has led to a positive development in different water technologies which have made the commercial booster pumps industry competitive. Consumers are also looking for corrosion and chemical-resistant pumps for application across various end-use industries. Hence, booster pumps are gaining traction across various end use industries and are creating positive prospects for the market growth.” says FMI analyst.

Covid-19 impact analysis:

The ongoing pandemic has put a dent in the global economy causing many economic activities to come to a halt. This has also caused a significant plunge in the commercial booster pumps market growth. Many challenges are encountered in the areas of the supply chain, communication, imports and exports, tariffs, and currency fluctuations.

These challenges have created an unstable economic environment and a negative impact on the growth of the booster commercial pumps market. However, as the economic activities are slowing resuming, the commercial booster pump market is also expected to witness a sharp recovery.

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Commercial booster pumps market competitive landscape:

The Commercial Booster Pumps Market is moderately consolidated, in which the leading players account for more than one third of the market share. The penetration of small regional players will make this market more competitive in the forecast period. Some of the key players in the market are Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd. among others. These players have higher shares in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

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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 8-years.

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Global Power Generator For Military Market Is Projected To Register 3.5% CAGR | Future Market Insights Inc.

FMI’s report on the power generator for the military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats.

The military energy generator market accounted for 15% of the overall generator market. Within army corporations, strength generators are used for a variety of tactical operations. Because of the changing landscape, there is a stronger trend toward compact and lightweight designs.

These mills are marketed as superior devices that provide reliable output at a low cost. The demand for advanced gas performance is expected to drive the growth of compact turbines in the coming years.

Uninterrupted and reliable sources of electricity delivery are crucial for a hit navy operations. Energy mills have applications throughout diverse segments within the navy industry. Against this backdrop, destiny marketplace Insights (FMI) foresees beneficial possibilities for electricity generator manufacturers inside the army marketplace.

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According to FMI, the demand for advanced and fuel-efficient generators will accelerate in the coming years. Increasing budget allocation towards strengthening the defense sector will subsequently aid the expansion of the market.

Some of the key takeaways from the report are:

  • Market players are likely to witness attractive growth opportunities as military agencies focus on establishing integrated power systems. This will invariably fuel the demand for generators
  • Hybrid generators are likely to comprise an exceptionally lucrative product category. Ensuring environmental safety is high on the agenda of military agencies. They are keen on investing in fuel-efficient technologies that will also offer significant cost reduction
  • Backed by increasing military spending, North America is forecast to emerge as the dominant market for power generators
  • While diesel will remain the preferred fuel type, tightening environmental laws will boost growth prospects for natural gases as potential sources of fuel
  • Demand for power generators will remain significantly high in field hospitals and field camps and accommodations

The COVID-19 Impact

The COVID-19 outbreak has sent shockwaves across the globe. Experts even presume it to be the worst crisis the world has witnessed in the recent past. The crisis was unprecedented, resultantly it crippled the manufacturing sector of some of the major economic powerhouses.

Manufacturing is expected to be among the worst-affected sectors when the global economy recovers from the shock. The incredible drop in investment and, as a result, revenue generated within the industry paints a bleak picture.

The power industry is no stranger to a crisis. It is beleaguered by underpayment delays and deficits. Government-owned distribution companies face particular difficulties. Lockdowns on a national scale have presented unique and devastating challenges. Several companies in the industry are threatened by the liquidity crisis.

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Who is winning?

Leading companies operating in the power generator market have an impressive global presence backed by a strong distribution and sales network. Because the market is fairly consolidated, Tier 1 companies are expected to account for the lion’s share.

Market players will primarily focus on expanding their global footprint and product portfolio. Considering this, besides mergers and acquisitions, product launches will remain highly preferred strategic moves among competitors.

FMI profiles some of the leading companies operating in the global market. These include Cummins Inc., Caterpillar Inc., Rolls-Royce Holdings plc, HIMOINSA, Harrington Generators International, Teknel Srl, GRUPEL S.A., VÝVOJ Martin, HITZINGER GmbH, Fischer Panda GmbH, Ascot Industrial S.r.l., GREEN POWER SYSTEMS S.r.l., Kohler Co., Kirloskar Oil Engines Ltd., and Ausonia S.r.l.

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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 8-years.

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Bonded Magnets Market Is Currently Valued At Around US$ 2.38 Bn By 2022 End | FMI

The global bonded magnets market is currently valued at around US$ 2.38 Bn, and is anticipated to progress at a healthy CAGR of 5% to reach US$ 3.52 Bn by 2030-end.

Rising competition in electronics industry worldwide is fostering innovations in material development – lightweight material housing – for e-drive systems. Bonded magnets market is growing in line with the trend as lightweight, yet cost-effective components remain the top priority of industry executives.

Future Market Insights, an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 4.8% CAGR. This revised forecast reflects the sluggishness induced by the COVID-19 pandemic shockwaves.

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Bonded Magnets Market Size Study

  • The global bonded magnets market is expected to register revenues worth around US$ 3.5 Bn in 2030
  • Neodymium (NdFeB) magnets would remain highly preferred under rare earth bonded magnets
  • Calendaring bonded magnets to account for over 60% of overall market value
  • Market players to tap growth potential in consumer electronic appliances and medical devices
  • Adoption of bonded magnets to remain prominent in sensors and motors

“Bonded magnets are highly beneficial in medical devices such as MRI machines, and other health monitoring devices as they provide better sterility to these equipment as well as are used to affix components for ingress protection. The adoption of bonded magnets in medical devices is expected to rise at nearly 6% CAGR through 2030,” says analysts at FMI.

COVID-19 Impact on Bonded Magnets Market

The COVID-19 has severely impacted the bonded magnets market, bringing extended global supply chain strategies under scrutiny. Sudden shutdowns of manufacturing units in China – largest producer of rare-earth minerals – and the subsequent ripple effect is triggering widespread chaos across the global market.

Studies reveal that the worldwide sales of light vehicles (LV) are expected to slump by 17.2% in 2020. Moreover, the global sales of electric vehicles (EV) are anticipated to drop by 18% in 2020. Moving forward, the global consumer electronics industry has witnessed a steep decline in sales tantamount to around 60% towards the end of Q2 of 2020.

Bonded magnet manufacturers are heavily dependent on automotive and consumer electronics industries for revenue generation – over 40% collectively. As such, sales dip in both the end-use industries is putting a dent on the demand growth of bonded magnets market. On the flip side, the overall situation of the market is likely to stabilize in H2 of 2020 and Q1 of 2021, as the COVID-19 pandemic subsides.

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Bonded Magnets Market: Competitive Intelligence

The global bonded magnets market is fairly consolidated with leading players capturing significant chunk of total market value. Hitachi Metals, Ltd., Shin-Etsu Chemical Co., Ltd., Ningbo Yunsheng Co. Ltd., TDK Corporation, and Advanced Technology Materials Co. Ltd. comprise of tier-I players in the market.

Leading market players are focusing on acquisitions as well as innovating their product offerings in order to expand their regional footprint and boost sales growth. Case in point,

  • In Jun 2019, TDK Corporation took over Showa Denko K. K.’s neodymium magnet alloy R&D center
  • Magnequench International LLC is developing bonded magnets with high-temperature aging attributes. The magnets are suitable for injection molded and compression molded automotive applications that require optimal aging properties

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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 7-years.

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