Market Research Blog – Page 11288 – New Product Development

Car Canopies Market Prospects and Growth Assessment 2027

Car canopies are the cost-effective method for outdoor car storage and recreational shade protection integrated with carports which maximizes the amount of internal storage space. Car canopies comes with a set of easy-to-understand assembly instructions for quick setups in backyards, or any other outdoor situation.

Wooden car canopies, PVC car canopies, and metals car canopies such as aluminum and steel are the three major car canopies materials in use. Metal car canopies are considered as the traditional permanent car canopies as the steel car canopies provide strength, able to withstand high wind speeds, and are much cheaper than aluminum.

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Furthermore, PVC car canopies possess easy disassembly and reassembly feature; they are cheap & lighter but are not designed to stand on a long-term basis. Wood car canopies can be used for long term or erected as a temporary structure in driveways, building sites, and home.

Global car canopies market is estimated to witness significant growth in Asia Pacific and Middle East and Africa during the forecast period due to growing awareness, recreational activities, and increase in spending income.

Drivers:

Global car canopies market is expected to gain traction over the forecast period owing to factors such as easy installation & set-up and low cost price. Furthermore, easy reassemble and disassemble of PVC car canopies and high strength of metal type car canopies are further expected to drive the car canopies market during the forecast period.

Moreover, long lifespan, portability, and fancy look which might attract users are some of the other driving factors responsible for the car canopies market.

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Restraints:

Durability and versatility are the major factors hampering the growth of global car canopies market during the forecast period.

Furthermore, size limitations and easy damage due to storms are the other factors hindering the growth of car canopies market over the forecast period.

Car Canopies Market: Segmentation

Global car canopies market can be segmented on the basis of material type, sales channel, and application. On the basis of material type, global car canopies market is segmented into metal, wood, and PVC car canopies. Metal car canopies are further sub-divided into steel and aluminum.

On the basis of sales channel, global car canopies market is segmented into Original Equipment Manufacturers (OEM) and aftermarket. On the basis of application, global car canopies market is segmented into residential and commercial.

Car Canopies Market: Region-wise Outlook

On the basis of region, North America is estimated to dominate the global car canopies market owing to high recreational activities and residential usage. Europe is estimated to further dominate the global car canopies market as the strong demand from residential application.

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Car Canopies Market: Market Participants

Some of the market participants in the global car canopies market are:

SHELTERLOGIC CORP
King Canopy
Milwood Group
American Steel Carports Inc,.
Alu-cab
Starling Technologies Ltd
Foshan City Shunde District Chuangcai Tents Co., Ltd
Australian Work and Leisure Canopies
FarmTek
FLEETLINE

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About Future Market Insights (FMI)

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

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Laminating Adhesives Market to Grow at a Moderate CAGR of 5.8% between 2022 and 2027, Totaling over US$ 4.33 Billion

The global laminating adhesives market is estimated to top US$ 4.33 Bn by the end of 2027 in comparison to the US$ 3.10 Bn registered in 2021. Shifting approach toward low volatile organic compounds (VOCs) & environmentally sustainable adhesives continue to drive global laminating adhesive market.

Growth in disposable products is another factor enabling broader consumption of laminating adhesives in the packaging industry. In 2027, the laminating adhesives market is projected to reach US$ 4.33 Bn in 2027, expanding at a healthy 5.8% CAGR during the forecast period of 2022-2027.

The laminating adhesives market is expected to experience significant growth, owing to growing industries – food, pharmaceutical, automotive and construction. Moreover, governments across the world are substantially investing in the healthcare sector, which is again expected to bolster the demand for laminating adhesives.

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The COVID-19 Impact on Global Market Scenario

The coronavirus (COVID-19) pandemic has significantly affected every facet of industrial sector globally. This has steered several changes in the laminating adhesives market landscape. Self-quarantine regulations have led to supply shortage and event withdrawals, and market players are gradually shifting their sources away from East Asia, given production and manufacturing disturbances in the region.

However, the coronavirus pandemic is likely to boost the adoption of flexible packaging to enhance food safety and thus, would offer new opportunities for players in laminating adhesives market.

In the global laminating adhesives market, food packaging applications are likely to hold key market shares. Among laminating adhesive types, water based laminating adhesives are expected to capture over 50% share of global market value, owing to their low-VOC content that reduces the negative impact on environment.

Key Takeaways of the Study

Factors such as increasing disposable incomes and rising urbanization that will continue to boost demand for packaging adhesives and increase packaged consumer goods sold in supermarkets, e-commerce websites, and other retail outlets will augur well for laminating adhesives market.
Water based adhesives are estimated to outpace solvent based laminating adhesives market, especially in the US and Europe over the forecast period.

North America and Europe are likely to see healthy growth in their respective transportation equipment markets, as manufacturers of automobiles and aerospace equipment are increasingly embracing adhesive technologies to reduce vehicle weight and thus meet fuel efficiency requirements.
India is expected to be the fastest-growing market of laminating adhesives, fueled by robust increases in motor vehicle output and construction spending.

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Competition Overview

Major players involved in the laminating adhesives market are focusing on expanding their customer base and distribution channel to meet the growing demand for laminating adhesives. For instance, in May 2022, Arkema S.A.’s subsidiary company Bostik S.A. expanded its distribution channel of maintenance, repair, and operations (MRO) in the US. The MRO product line includes glue sticks, anti-seize compounds and lubricants, woodworking lubricants, epoxy adhesives, and aerosol adhesives to satiate the rising demand from manufacturers across the country.

Key players involved in the laminating adhesives market include The DOW Chemical Company, Huber Group, Arkema S.A., TOYOCHEM CO., LTD., Ashland Global Specialty Chemicals Inc., SAPICI S.p.A., H.B. Fuller Company, 3M, Sika AG, Henkel AG & Company, KGaA, Bayer AG, and among others.

Laminating Adhesives Market by Category
By Product Type:

Solvent Based
Water Based

By Application:

Food Packaging
Medical Packaging
Industrial Packaging
Other End-use

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Motorcycle Side Box Market to Garner Brimming Revenues by 2028

Motorcycle side box is used as luggage box which is made of fiber, aluminum alloy and other materials. Standard bike riders, who travels the long journey or touring are also installed side box and put necessary luggage in the box. On many stranded bikes three sided box is installed one at carrier and other two install at the right and left of the bikes. . In rural area bike owner makes these boxes by giving orders to a local garage for intending to carry vegetables, water bottle and others. Over the last few years, aftermarket segment is anticipated to gain superior traction in the global market mainly in rural areas owing to increasing consumer demand. On the flip side, cruiser bike’s owner is focused towards the stylish side box with attractive color. Sport bikes, light weight material side box is the primary focus of the leading manufacturer owing weight is plays a crucial role in the overall efficiency of the racing bikes.

The global motorcycle side box market is significantly depends on the sales units of the motorcycle as well as disposal income of customer are the two factors which can hamper the global motorcycle side bag market during the forecast period. Furthermore, increasing taxation on import and export of side box material is also estimated to hinder the global motorcycle box market over the slated time period.

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Motorcycle Side Box Market: Key Participants

The key participants of the global Motorcycle Side Box market are following:

SWAYAM ENTERPRISES
Studds Accessories Ltd.
Wuxi Thai-Racing Trade Co., Ltd
Shankarrao Pawar Seat Corner
Bags & Bike
Kohli Bullet Accessories
EVOC Sports GmbH
Viking Bags
Chongqing Tiger Fortune Co., Ltd.
Heanoo Bags Co., Ltd.

Motorcycle Side Box Market: Segmentation

The global motorcycle side box market can segmented on the basis of Motorcycle Type:

Standard
Cruiser
Moped
Sport
Others

The global motorcycle side box market can be segmented on the basis of Material:

Plastic
Fiber
Aluminum alloy
Others

The global motorcycle side box market can be segmented on the basis of Price:

Low
Medium
Premium

The global motorcycle side box market can be segmented on the basis of Sales Channel:

OEM
Aftermarket

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Report Highlights:

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

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Emission Control Catalyst for Marine Market Growing at a Steady 5.5% CAGR during the Assessment Period of 2021 and 2031

The global emission control catalyst for marine market is anticipated to expand at a steady 5.5% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing marine fleet size, along with increasing demand for shipping transportation is expected to drive the market over the assessment period.

Catalytic converters remove hydrocarbons, nitrogen oxides and carbon monoxide from exhaust fumes in marine engines. The International Maritime Organization (IMO) has implemented strict regulations for harmful emissions from vessels based on their date of engine installation. New marine engines are equipped with selective catalytic reduction catalyst (SCR) to reduce NOx emissions which is fueling the demand for marine catalysts.

Manufacturers of marine catalysts are offering a wide variety of emission control products and proprietary technologies for emission reductions in marine vessels. They are focusing on providing marine catalysts that comply with existing and anticipated emission regulations.

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Driven by this, the global emission control catalyst for marine market is expected to surpass US$ 1,531.3 Mn by the end of 2031.

As per FMI, the market is predicted to be dominated by China, and the trend is projected to continue over the forecast period. Many manufacturers are designing catalysts to comply with China’s marine engine emission standard, which is expected to continue boosting sales in the market.

Key Takeaways:

By product type, demand for diesel-based emission catalysts is expected to surge at a 5.5% CAGR over the forecast period.
By application, sales in the fishing boat segment are projected to account for more than 54% of the total market share in 2021.
The OEM segment is anticipated to grow at a 4.3% CAGR during the assessment period.

Sales of emission control catalyst for marine in the U.S. are projected to increase at a 5.1% CAGR during the assessment period.
China is anticipated to emerge as a key market in the East Asia emission control catalysts for marine market over the forecast period.
In Southeast Asia, demand in the Indonesia market will grow at a 6.1% CAGR through 2031.
Japan and South Korea will collectively account for 29.3% of the total emission control catalyst for marine Market share through 2021.

“Demand for emission control catalysts is expected to be driven by stringent regulations implemented to curb the emission of SOx, CO2, and other harmful gases from different types of marine engines. In addition to this, surging demand for diesel-based catalysts for commercial vehicles will fuel sales in the forthcoming years,” says the FMI analyst.

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Emission Control Catalyst for Marine Market By Category

By Product Type:

Diesel-Based Emission Catalyst
- Diesel Oxidation Catalyst (DOC)
- Selective Catalytic Reduction Catalyst (SCR)
- Catalyzed Soot Filter/Diesel Particulate Filter
- Ammonia Oxidation Catalyst (AMX)
- NOx Absorbers
Gasoline-Based Emission Catalyst
- Palladium based catalyst
- Rhodium based catalyst
- Platinum based catalyst

By Application:

Commercial Vessel
Offshore Support Vessel
Passenger Vessel
Power Boat
Fishing Boat

By End Use:

OEM
Retrofit

Competitive Landscape         

Key market players in the global emission control catalyst for marine market elaborated in the report includes BASF SE, Johnson Matthey, Haldor Topsoe, Heraeus Holding, Tenneco Inc., Alfa Laval, NGK Insulators, Cormetech, Cataler Combustion Corporation and others.

Manufacturers are focusing on sustainability and are aiming to increase research & development activities for the development of new products. In addition to this they are investing in production capacity expansions in response a growing consumer pool.

For instance:

In January 2021, Hug Engineering introduced selective catalytic reduction solutions that abide to the IMO Tier 3 regulations on exhaust emissions for marine industry.

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More Insights into the Emission Control Catalyst for Marine Market Report

In its latest report, FMI offers an unbiased analysis of the global Emission Control Catalyst for Marine Market, providing historical data for the period of 2016-2020 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 product type (diesel-based emission catalyst, gasoline-based emission catalyst), applications (commercial vessel, offshore support vessel, passenger vessel, power boat and fishing boat) and end use (OEM and retrofit) across countries and regions (North America, Latin America, Europe, East Asia, South Asia Pacific and Middle East & Africa).

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3D Printing Materials Market is Likely to Witness a Growth at 14.0% CAGR during the Assessment Period of 2031

The global 3D printing materials market is anticipated expand at an impressive 14.0% CAGR over the forecast period. Rapid adoption of technologically advanced manufacturing equipment across various sectors is driving sales of 3D printers worldwide, which is expected to boost the market in the forthcoming years.

Raw materials such as plastics, ABS, PLA, metals & powders, carbon fibers, resins are some commonly used 3D printing materials. Growing trend of utilizing 3D printers to manufacture various kinds of small and large products are boosting the market.

In addition to this, increasing adoption of 3D printing in the building and construction sector is expected to augment the growth of the market. Furthermore, the expansion of automotive, aerospace, electronics and medical is anticipated to remain key growth driver of the global market of 3D printing materials.

As per FMI, North America is expected to remain a lucrative pocket in the global 3D printing materials market. Growth is attributable to the swift commercialization of novel technologies like 3D printing in various industries across the region.

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Key Takeaways:

By material type, sales in the metal segment are forecast to grow at a 14.9% CAGR over the assessment period.
Based on form, demand for powder 3D printing materials is projected to increase at a 13.5% CAGR through 2031.
In terms of applications, sales in the automotive sector are forecast to gain traction at a 13.6% CAGR over the forecast period.
The U.S. will emerge as a lucrative pocket in the North America 3D printing materials market.
Sales in the China 3D printing materials market are projected to increase at a 15.2% CAGR through 2031.

“Increasing adoption of 3D printing in the healthcare sector and the growing demand for 3D printed plastics for vehicle interiors are expected to drive sales in the market over the assessment period,” says an FMI analyst.

Competition Landscape

Key market participants in the global 3D printing materials market elaborated in the report includes Covestro AG, Arkema S.A., Sandvik A.B., Evonik Industries A.G., EOS GmbH Electro Optical Systems, Ultimaker B.V., Hoganas AB, The EXONE Company, General Electrics, 3D Systems Corporation, Materialise NV, STRATASYS LTD, and MARKFORGED Inc.

Key market participants are focusing on development of innovative 3D printing products to improve their product portfolios. Besides this, players are also investing in mergers, acquisitions, and collaborations to expand their global presence.

For instance:

In April 2021, Sandvik and its subsidiary BEAMIT Group announced a new capacity for additively manufacturing components in super-duplex stainless steel, an alloy that combines mechanical strength with extremely high corrosion resistance.

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3D printing materials Market By Category

By Material Type:

Plastics
Metals
Ceramics
Others

By Form:

Filament
Powder
Liquid

By Application:

Electronics & Consumers
Automotive
Medical
Industrial
Education
Aerospace
Others

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Automotive Performance Tuning and Engine Remapping Services Market : Key Players, Growth, Analysis, by 2031

The automotive performance tuning and engine remapping services market is forecast to grow at a CAGR of 6.3% from 2021 to 2031. Automotive performance tuning and engine remapping services market is driven by the increasing focus on customization of vehicles. The increasing trend towards owing high performance vehicles, coupled with surging fuel prices are key factors driving growth. Automotive performance tuning and engine remapping services have been gaining remarkable momentum in the passenger and commercial vehicle markets, from their conventional application in automotive racing.

Automotive performance tuning and engine remapping services aim to improve the performance and efficiency of a variety of vehicles. Previously, automotive performance tuning and engine remapping services were only available for race cars, but they’ve gained a lot of popularity as a trend in passenger and commercial vehicles. During the forecast period, this factor is expected to be one of the major driving forces for the global automotive performance tuning and engine remapping services market (2021-2031).

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Key takeaways of Automotive Performance Tuning and Engine Remapping Services Market Study

Driven by increasing demand for high-performance vehicles, the automotive performance tuning & engine remapping market will register 6.3% CAGR between 2021 and 2031
Increasing expenditure on ensure fuel efficiency in vehicles will drive growth in the U.S., enabling it to account for over 85% sales in North America in 2021
After a year of negative sales, sales in the U.K. will improve, exhibiting 6.6% y-o-y growth in 2021
Germany and France too will continue exhibiting high demand, backed by rising vehicle production and sales
Expansion of the automotive sector will boost sales in China, catapulting it as a leading market for automotive performances tuning & engine remapping

“Rising popularity of engine performance tuning and remapping in recent years is likely to drive global automotive performance tuning and engine remapping services market. Most players around the world are focusing on the expansion of the supply chain. As a result, engine tuning and remapping is gaining popularity among vehicle owners as it also increases the service life of vehicles engines,’’ says Future Market Insights analyst.

The performance tuning and engine remapping services are intended to improve the performance and economy of various types of vehicles. Performance tuning and engine remapping services were reserved for automotive racing only, but have significantly gained traction in the market as a trend in passenger and commercial vehicles as well. This factor is projected to be one of the key driving factors for the global performance tuning and engine remapping services market during the forecast period.

Who Is Winning?

The report includes some of the key market participants that are prominent and have established themselves as leaders in the global as well as regional markets for automotive performance tuning and engine remapping services. Some the key players in the automotive performance tuning and engine remapping services market are Quantum Tuning, RS Tuning, Turbo Dynamics, EcuTek Technologies Ltd., Roo Systems, ABT Sports line GmbH, Tuning Works Inc., Shift Performance, Layton Remaps, and TuneOTronics, among others.

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Automotive performance tuning and engine remapping services Market

By Vehicle Type

Passenger cars
Light commercial Vehicles
Heavy Commercial Vehicles

By Fuel Type

Petrol
Diesel

By Tuning stage

Stage 1
Stage 2
Stage 3

By Tuning Method

OBD Ports
Bench Tuning

By Application

Racing
Fuel Economizing
Performance tuning

By Region

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

Valuable Insights into Automotive Performance Tuning & Engine Remapping Services Market

Future Market Insights, in its new report, offers an unbiased analysis of the global automotive performance tuning & engine remapping services market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the market on the basis of vehicle type, fuel type, tuning stage, tuning method, and application across seven regions.

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Lithium Mining Market is Expected to top and Reach Valuation about US$ 3.3. Billion by end of 2031

As per a recent analysis by Future Market Insights (FMI), the global lithium mining market is projected to top US$ 3.3 Bn by 2031. Growing demand for lithium ion batteries from end-use industries including automotive, packaging and consumer electronics is expected to propel sales of lithium over the forecast period 2021-2031.

Lithium is widely being adopted in the manufacturing batteries for electric vehicles, owing to advantages such as longer lifespan, improved fuel efficiency and low discharge rates. Increasing sales of electric vehicles are anticipated to spur demand for lithium in the forthcoming years, which in turn will augment growth of the global lithium mining market.

Moreover, growing demand for glass and ceramics from the packaging industry is likely to create new opportunities for key players operating in the lithium mining market. Glass and ceramics are mostly used in packaging of pharmaceuticals, food and beverages, and other items. Increasing applications of lithium in the glass and ceramics industry will continue boosting growth prospects of the lithium mining market.

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In 2020, the global lithium mining market was heavily impacted by the novel coronavirus pandemic. Nationwide lockdowns, travel restrictions, and halted on mining operations hampered the production and consumption of lithium. However, sales are expected to recover in 2021 as demand for lithium from the automotive sector continues to grow.

“Growing focus on fuel efficiency in automotive vehicles is expected to propel consumption of lithium for batteries in the forthcoming years. Besides this, increasing sales of wearables and portable consumer electronics will continue augmenting growth of the lithium mining market through 2031,” says an FMI analyst.

Key Takeaways:

Lithium production through brine solutions is expected to capture 65% of the total lithium mining market share.
The lithium hydroxide segment is projected to account for a dominant share over the forecast period.
Applications of lithium in the battery segment are projected to grow at 8.5% year-over-year in 2021.
Sales of lithium in the U.S. are projected to grow by 3.2% year-over year in 2021.
Australia will emerge as an attractive market owing to the presence of high-capacity lithium reserves in the country.
China will continue experiencing high demand for lithium due to increasing production and sales of consumer electronics.

Competitive Landscape

Albemarle, Ganfeng Lithium, Livent, Nemaska Lithium, Orocobre limited, Sichuan Tianqi Lithium Industries, SQM and Lithium Americas Corp. are among the key market players identified by FMI. These players are projected to command 60-70% of the total lithium mining market share.

Leading players operating in the global lithium mining market are focusing on production facility expansion through mergers and acquisitions to gain a competitive edge in the market.

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For instance:

In October 2021, Belgian material technologies group Umicore UMI.BR signed a long-term lithium supply deal with Gangfen Lithium Co. Ltd. to expand its production capacity in response to rising electric vehicles demand.

Lithium Mining market by Category

By Source:

Brine
Hard Rock
Others

By Type:

Lithium Carbonate
Lithium Hydroxide

By Application:

Battery
Ceramics and Glass
Lubricants & Grease
Polymer
Flux Powder
Refrigeration
Others

More Insights into the lithium Mining Market Report

In its latest report, FMI offers an unbiased analysis of the global lithium mining market, providing historical data for the period of 2016-2020 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 source (brine and hard rock), type (lithium carbonate and lithium hydroxide) and applications (battery, ceramics and glass, lubricants and grease, polymer, flux powders, and refrigeration) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

What Is the Impact of the COVID-19 Crisis on the Lithium Mining Market?

The ongoing COVID-19 crisis is anticipated to have a significant impact on the global economic growth for the period of 2020-2021. The global economic growth curve witnessed a downfall up to -5% owing to the pandemic. Factors such as nationwide lockdowns, travel restrictions, and halted manufacturing and production across various sectors has resulted in stunted consumption of lithium.

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Mining operations were also shut down in 2020 in globally. This has resulted in dampened growth prospects in the global lithium mining market. However, with resumptions in production and sales in the automotive and consumer electronics industry, the lithium mining market is expected to recover at a steady pace over the forecast period.

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Ammonium Thiosulfate Market is Expected to Expand at a Robust CAGR of 6.8% through end of 2031

Ammonium thiosulfate has witnessed a considerable increase in demand from diverse end use industries such as agrochemicals, pharmaceuticals, water treatment, agriculture and mining sector among others.

Owing to the growing demand for crop production across the globe, demand for nitrogen & phosphate based fertilizers is anticipated to increase in the coming years. Rising need for more nutrients in the soil, adoption of ammonium thiosulfate will increase.

As ammonium thiosulfate fertilizers provides certain vital elements for the plant and crops growth, adoption within agriculture sector will increase, spurring sales. Moreover, decreasing land area worldwide due to growing urbanization and industrialization will also fuel demand for ammonium thiosulfate.

The market for ammonium thiosulfate witnessed moderate growth during FQ-20, due to the sudden outbreak of Covid-19. Decrease in demand within the industrial sector resulted in slight decline of sales.

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However, the market is expected to witness positive growth outlook backed by the increasing demand for ammonium thiosulfate from the agriculture sector. According to Future Market Insights, the global ammonium thiosulfate market is anticipated to grow at a healthy CAGR of 6.6% during the forecast period of 2021 and 2031.

Key Takeaways from Ammonium Thiosulfate Market Study

In terms of end use, photochemical and water treatment are expected to witness high growth during the forecast period.
The global ammonium thiosulfate market is anticipated to reach a value of US$ 367.5 million by the end of the forecast period.
Industrial grade will be the preferred grade type among end-users, accounting for lion’s share in the global market
Powder form is expected to remain the key form type of owing to substantial demand of the inorganic compound for various other industries including mining and treatment of industrial wastewater.
The U.S. is projected to remain the lucrative market owing to the presence of key producers and steady expansion of agriculture industry in the region.

“Prominent manufacturers of ammonium thiosulfate are specifically emphasizing on capacity expansions and agreements with the sole purpose to cater demand and gain more regional presence, especially in India and the U.S.,” said a lead analyst at FMI.

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Ammonium Thiosulfate Market by Category

By Form Type:

Powder
Liquid

By Grade:

Industrial Grade
Photo Grade

By End Use:

Fertilizer
Photochemical
Mining
Others

Ammonium Thiosulfate Market: Participant Insights

Key market participants in the global ammonium thiosulfate market are Tessenderlo Kerley, Inc., Koch Nitrogen International Sarl, Kugler Co., Martin Midstream Partners, TIB Chemicals AG, Esseco Srl, PCI Nitrogen, Shakti Chemicals.

Key players are focusing on strategic expansions by expanding production capacity, in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants to provide to increase their market presence.

What Is the Impact of COVID-19 on Ammonium Thiosulfate Market?

The global economy witnessed a significant downfall due to the sudden outbreak of COVID-19. Global shutdown halted trade activities, resulting in disruption of supply-chain network. Industrial sector, mining sector and construction sector suffered the most.

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However, agricultural sector showed a stable trajectory during the pandemic, as it falls under essential services category and agricultural produce being categorized as critical commodities, thus exempting them from restrictions.

Moreover, demand and supply of certain fertilizers decreased due to the pandemic. Ammonium thiosulfate is produced from sulphur and is extracted from oil & gas refineries. Due to pandemic, production of ammonium thiosulfate decreased due to supply chain disruption and reduction in the oil & gas demand.

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Global Dried Spent Grain Market Profit Margin Analysis, Consumer insights Industry Analysis and Forecast, 2030

Dried spent grain is one of the main by-products of the breweries produced all over the year that is presently not suitably taken care of, both in economic and environmental terms. In addition, dried spent grain biomass can be a low-cost source of bio-energy and innovative and valuable bio-products.

The recent studies have confirmed, from an economic and technological perspective, the viability of using dried spent grain as fuel for energy applications due to its hydrogen and carbon content, which provide it with a better calorific value.

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Dried spent grain is the most lavish by product generally produced in the beer brewing process. Dried spent grain mainly obtained from the husk of a barley grain as the solid residue left after the wort production. Dried spent grain is enriched in protein and fibre and is mainly used in bakery as well as animal feed industry; that is surging the demand for dried spent grain during the upcoming years.

Health Benefits Associated with Dried Spent Grain Luring the Growth

The dried spent grain is enriched with proteins and fibers, hence it provides and supports the health and immunity of consumers. The busy lifestyle and flexitarian diet are few of the factors due to which consumers are looking for those products that fulfil the daily nutritional requirement of the body.

Dried spent grain contains beta-glucans and phenolic components, and these components work as prebiotic compounds after reaching the large intestine.

As dried spent grain is obtained from wheat, and barley, the antioxidant molecules present in it boost up the immune system and reduces the risk of cancers. Due to these health beneficial properties of dried spent grain, its demand is anticipated to increase in several end-use industries including food and beverages.

Global Dried Spent Grain Market: Key Players

Some of the key manufacturers operating their business in the global dried spent grain market includes

Gibbs Environment Lab,
The Spent Goods Company

Sustainable and Renewable Sources May Create Future Prospects for Dried Spent Grain Market

With the rising demand for sustainability in all sectors, it is incontrovertible that no side streams are wasted in the forthcoming period. The global effort to upturn the number of renewable energy sources will possibly increase the application of dried spent grain as one of the energy sources.

According to the Journal of Cereal Science, replacing normal flour with dried spent grain in a bread loaf will duple the content of fibre, improves the content of essential amino acid by 10%, enhances the protein level by 50%, and reduces the calories by around 7%. This drastic variation of nutritional content in the bakery products such as bread is truly notable and also marketed to a particular segment.

Consumers engrossed in the LOHAS (Lifestyles of Health and Sustainability) are a huge and growing segment of the market. Moreover, reusing of dried spent grains as a sustainable waste of food solution appeals to the consumers who are conscious regarding the environment.

However, dried spent grain remains an eye-catching raw material for health-supplement for the food ingredients. The health-promoting trend in the global food industry is not likely to become extinct as long as the urbanised nations are tackling the several health issues rising from overweight as well as ageing population demographics. These are the key factors that may create interesting and new growth prospects for dried spent grain to arise in the near future.

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The study is a source of reliable data on

Vegan protein market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers

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

The Vegan protein market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Vegan protein market report projects the attractiveness of each major segment over the forecast period.

Key Segments

Nature:

Organic
Conventional

Source:

Wheat
Barley
Rice
Sorghum
Millet

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End-use:

Food & Beverages
Bakery
Confectionery
Dairy Products
Health Drinks
Snacks
Nutritional Powder
Shakes
RTD Products
Pharmaceuticals
Nutraceuticals
Animal Feed
Breweries

Read Some Other Report:

https://www.spoke.com/topics/bakery-products-market-report-size-growth-demand-scope-opportunities-and-forecast-2022-2032-63049b910cb3cb0d0a020202

https://medium.com/@abhinay_30028/bakery-products-market-segmentation-and-analysis-by-recent-trends-consumption-by-regional-data-26b0fe5d942a

https://abhinayfmi.blogspot.com/2022/08/bakery-products-market-research-report.html

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Tryptophan Market PESTLE and Porter’s Analysis with Investment Feasibility Matrix and Regional Parent Market Outlook-2032

The global tryptophan market is expected to boom at a record CAGR of 13.9% between 2022 and 2032 and is expected to reach US$1.986 billion in revenue by 2032, up from US$540.5 million by 2022.

One of Key Factors Accelerating demand for tryptophan over the forecast period 2022 to 2032 is raising consumer awareness of the health benefits of many food additives, of which tryptophan is one.

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Report Attribute	Details
Tryptophan Market Value (2022)	US$ 540.5 Million
Tryptophan Market Anticipated Forecast Value (2032)	US$ 1986 Million
Tryptophan Market Projected Growth Rate (2022-2032)	13.9%

Tryptophan is an essential amino acid, which is present in high levels in pumpkin seeds. Some other foods that have significant amount of the tryptophan includes meat, crab, eggs, fish, spinach, dates, spirulina, banana, oat, etc. Tryptophan is needed by the body for the production of serotonin, which is an essential neurotransmitter. Serotonin is required for the production of melatonin in the body that governs body circadian rhythm and helps in the regulating the sleep cycle.

Tryptophan is used widely in the animal feed industry and also in the food and beverage industry, clinical nutrition, and dietary supplements. Currently, tryptophan in the market is dominantly produced in a synthetic way through fermentation.

Increasing Health Consciousness around the Globe is Producing Positive Scenario in the Global Tryptophan Market

Global tryptophan market is majorly driven by the substantial increase in the consumption of animal feed ingredients. Supplementing the feed of the livestock with tryptophan enhances feed intake of the animals such as piglets, since the production of serotonin is increased that affects the appetite of the livestock. By improving the digestive capability of the animals, reduction in the frequency and severity of poor gut health and bacterial proliferation is observed.

With the increased performance and body weight gain of the weaned pigs or other animal in short period of time, lower feed consumption with high profit in commercial livestock production is gained. Tryptophan demand in the global market is increasing due to the excellent results observed with the supplementing feed with it.

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Tryptophan Market: Key Participants

Some of the market participants in the tryptophan market are: