Market Research Blog – Page 11405 – New Product Development

Digital Mobile X-Ray Devices Market is likely to grow at a CAGR of 7.1% through 2026

Future Market Insights, in its latest research, delivers key insights on the factors impacting the global digital mobile X-ray device market. According to the report, demand for digital mobile X-ray devices will continue to be fuelled by applications in orthopaedic- and chest-imaging. These two end-use applications accounted for 60% revenue share of the market in 2016.

Key Driving Factors

Increasing emphasis on diagnostic imaging services by various government bodies.
Increasing geriatric population – according to WHO, global geriatric population will reach 2 billion by 2050
Rising incidences of orthopaedic diseases and bone injuries – WHO estimates global prevalence of arthritis to between 0.3% and 1%
Contractual agreements and acquisitions by manufacturers
Increasing adoption of 3D medical imaging equipment, especially in the field of orthopaedics
Increase in the number of free standing imaging centers

Key Restraints

High cost of clinical trials and stringent regulations have remained longstanding challenges for manufacturers
Lack of inadequate imaging infrastructure in developing countries. High cost associated with initial set up and installation has been identified as a major restraint
Increasing pressure on the healthcare budget in the U.S. and rising awareness among patients about the potential health impact of radiation

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By product type, mobile devices will continue to outsell handheld devices. In 2016, of the US$ 7.67 Bn worth of digital X-ray devices sold, 91.5% were mobile devices. However, owing to their small base size, demand for handheld digital mobile X-ray devices will grow at a higher CAGR than mobile devices.

Hospitals and radiology centers will continue to be the leading end-users of digital mobile X-ray devices globally. These two end-users collectively accounted for nearly 70% revenue share of the market in 2016. According to Future Market Insights’ research, these two end-use sectors will continue to account for the bulk of demand for digital mobile X-ray markets during the forecast period.

Region-wise Analysis and Forecast

North America is the largest market for digital mobile X-rays globally. Demand for digital mobile X-ray devices in the region is fuelled by strong sales in the U.S.
North America’s revenue share of the global market was nearly 32% in 2016. Owing to increasing demand in Asia Pacific excluding Japan (APEJ), Latin America, and Japan, North America will witness a slight dip in revenue share over the forecast period.
APEJ is projected to be the fastest growing market for digital mobile X-ray devices globally. The market in the region is expected to grow on account of high volume demand from China and India.
The Eastern Europe digital mobile X-ray market will witness slowest growth among all regions.

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Competitive Landscape Analysis

Leading companies in the global digital mobile X-ray devices market are General Electric Healthcare Limited, Siemens AG, Esaote SpA, Hitachi Ltd., Koninklijke Philips N.V, Planmed OY, EOS Imaging, and Toshiba Medical Corporation. These leading companies are eyeing the lucrative APEJ market to capitalise on the growing opportunities.

Future Market Insights maintains a positive outlook on the global digital mobile X-ray market, projecting it to grow at 7.1% CAGR through 2026.

Key segments covered in this report

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
MEA
Japan

By Product

Mobile X-Ray
Hand-Held X-Ray Device

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By Technology

Computed Radiography
Direct Radiography

By Application

Orthopaedic Imaging
Chest Imaging
Dental Imaging
Others

By End-User

Hospital
Radiology Centres
Outpatient Clinics
Other End Users

About FMI:

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

Contact:

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Stretch Mark Removal Products Market by Global Key Players, Types, Applications, Countries, Industry Size and Forecast

According to Future Market Insights (FMI), the market for stretch mark removal products is expected to reach US$ 2198.3 Mn by the end of 2032, rising at a CAGR of 3.6% between 2022 and 2032. Growing focus on anti-aging care will continue to be a key driver, but FMI analysts found that market is also benefitting from growing focus on weight loss.

From nourishing the skin to removing stretch marks, the demand for effective skincare products is higher than ever before. This, coupled with better access to skincare products at inexpensive prices, has been aiding the expansion of the stretch mark removal products market.

While cream remains one of the leading categories among products available in the market, consumers are gradually moving in favour of more unconventional products such as oils and serums. This paradigm shift is steered by greater focus on deriving benefits from organic and topical ingredients.

Key Takeaways

Market players are focusing on boosting their organic line of products
Sales through pharmacies are being complemented by the growing online channel
US maintains its position as the largest market, with North America accounting for a sizeable share

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The Shift Toward Online Channels

Companies in the stretch mark removal products market are shifting their focus from traditional retail stores to e-commerce platform to boost their sales and increase their customer base.

Ecommerce portals are visited by increasing number of consumers each day. The convenience of shopping, discounts offered, and door-step deliveries are a few benefits of shopping online compared to shopping from brick-and-mortar stores.

Furthermore, online stores present opportunity to compare products and their prices. These factors are tipping scales in flavour of maintaining an online presence. Since the market is highly competitive, an increasing number of players are likely to focus on improving their online visibility. This will augur well for the market in the long run.

Who is winning?

Some of the key players operating in the stretch mark removal products market are Clarins Group, Merz GmbH and Co. KGaA, E.T Browne Drug Co., Union-Swiss Ltd (Bio-Oil), Basq Skincare, Weleda AG, Dermaclara Inc., Mama Mio US Inc., among others.

Some of these companies are focusing more on portfolio expansion. Besides this, they are looking at expanding their physical presence via retail stores. Leading players are even focusing on partnership with prominent retailers to cater to increasing demand.

Product launches will remain a key strategy adopted by market players to gain competitive advantage.

In April 2020, Clarins Group launched its new plant based product called ‘Body Partner’ which helps in reducing stretch marks and this new product is tested and recommended by pregnant women. Body Partner is formulated with insignificant plant-based ingredients, including Clarins’ new Phyto-Stretch-Complex a mix Organic Green Banana extracts and Centella Asiatica which uphold visible skin springiness and leave skin smooth and tranquil.

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More Insights on Stretch Mark Removal Products Market

Future Market Insights, in its new proposing, provides an unbiased analysis of the global stretch mark removal products market, presenting demand data (2015-2019) and forecast analysis for 2020-2030. The study divulges compelling insights on the stretch mark removal products market based on the product type (creams, oils & serums, lotions, gels, and others), end-user (adults, kids) sales channel (wholesalers & distributors, online retailers, hypermarkets/supermarkets, pharmacy stores, specialty stores, independent small stores, and other sales channel) across six major regions.

Stretch Mark Removal Products Market Segmentation Product

Creams
Oils & Serums
Lotions
Gels
Others

Nature

Organic
Conventional

End User

Adults
Kids

Sales Channel

Wholesalers & Distributors
Online Retailers
Hypermarkets and Supermarkets
Pharmacy Stores
Specialty Stores
Independent Small Stores
Other Sales Channel

Regional Outlook

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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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.

Contact Us:
Future Market Insights,
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Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
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United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Mineral Sunscreen Market Assessment and Key Insights Analyzed Till 2030

The global mineral sunscreen market is also progressing at a relentless pace as compared to its chemical predecessor. Known to work better than chemical sunscreen, the demand for mineral sunscreen is projected to outpace the former. Benefits such as immediate action, organic production, and no reaction to sensitive skin have garnered a special focus toward mineral sunscreens.

The rising number of travellers have been the key end users of mineral sunscreen. Beachside and hiking vacations have prompted many travellers to ensure they wear sunscreen to prevent damage to the skin. This has significantly helped the industry to boost its sales in recent years. Analysts predict that growing awareness about role of UV ray exposure in causing skin cancer is expected to boost the demand.

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The growth of mineral sunscreen market has also been worthy of study as its demand seems to be based on a growing number of influencers promoting specific brands. For the same reason, brands are expected to tie up with established social media influencers to build consumer base in the coming years. FMI predicts that global mineral sunscreen market will be worth US$ 1.8 Bn by 2030, registering a CAGR of 5% during the forecast period.

Key Takeaways: Mineral Sunscreen Market

Travellers to generate bullish demand for sunscreen as beach vacations cause prolonged exposure to sun
Higher awareness about skincare amongst men to add male consumers to the sales of mineral sunscreen
Organic mineral sunscreen to remain key product as organic skincare trend intensifies
Mineral sunscreens between SPF 30 to SPF 40 to remain in consistent demand
South Asia and Pacific to offer fertile growth grounds as Generation Z and Millennials focus on improved lifestyle involving diligent skincare routines

Mineral Sunscreen Manufacturers to Tie Up with Influencers for Branding and Advertising

Sunscreen is significantly an influencer product as they are often travellers, beauty and makeup artists, and performers. This observation has turned the branding and advertising game around for cosmetic companies in recent years.

Collaborating with influencers for videos, brand promotion, and look transformation could help companies to stay ahead of the game by saving mammoth costs associated with advertising. Adding the “cool” factor becomes easy and in many ways it simplifies the tasks of luring in young costumers through such collaborations. Thus, in the coming months and years, vendors in the global mineral sunscreen market are projected to opt for this unique style of establishing brands.

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No Outdoors as COVID-19 Spreads Creates a Dark Spell for Mineral Sunscreen Sales

The colossal chaos caused by COVID-19 has led to a serious drop in the sales of mineral sunscreen. Stringent lockdowns have completely eliminated the outdoors for many. Furthermore, as many avoid stepping out to avoid chance of getting infected has resulted in massive plunge in the usage of mineral sunscreen.

Travel bans, bans on tourist spots, and refrained sporting activity have further addled the issues for mineral sunscreen manufacturers with low sales. However, analysts anticipate that as Europe opens borders and travel resumes gradually, the demand for mineral sunscreen will gain normalcy too.

In the post-pandemic world as consumers become more and more health conscious, they are likely to invest in good skin care routines to prevent damage and premature aging. This will raise the demand for mineral sunscreen, which is an excellent option for young adults.

Future Market Insights also analyses that the intensifying K beauty trends are also expected to propel and endorse the use of sunscreen, which will create an excellent growth avenue for the market.

As e-commerce restores its supply chain the sales for mineral sunscreen will gain momentum giving consumers will have a wider variety to pick from.

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Key Segment

Skin Type

Dry
Oily
Sensitive
Upright/Non-Portable garment steamer

Sun Protection Factor

Up to 29 SPF
30 SPF – 49 SPF
50 SPF – 69 SPF
70 SPF and more

Consumer Orientation

Male
Female
Unisex

Nature

Natural
Organic
Synthetic

Price Range

Economy/ Mid-Range
Premium

Age

Adult
Children

Sales Channel

Direct
Indirect
- Supermarkets/Hypermarkets
- Convenience Stores
- Independent Small Stores
- Discounted Stores
- Online Sales Channel
- Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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Frequently Asked Questions

What is the expected CAGR for the mineral sunscreen market until 2032?
What is the expected market value for mineral sunscreens as of 2022?
What will be the expected market value for mineral sunscreens by 2032?
Who are some prominent mineral sunscreen market players profiled by FMI?

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Protective Clothing Market Key Players, End User & Demand | 2030

The global protective clothing market is estimated to cross US$ 10.32Bn in 2022 and is anticipated to expand more than 6% CAGR during the forecast period of 2022-2030. Work related injuries and deaths, tight government policy and new product development are the primary factors for protective clothing market. Protective clothing is expected to provide protection against flames, chemicals, biological agents, punctures, insects, rain, cold, ultraviolet (UV) radiation and extreme heat etc.

Few notable developments are super repellent coatings, electrospun nanofibers, fibres with novel cross sections, intelligent textiles, and biomimetic (inspired by nature) materials. Research investment in areas like nanotechnology and intelligent materials lead to new technologies which brings advance & new protective clothing in the market.

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Outbreak of Covid-19 Disease Surge in Demand for Protective Clothing across the Globe

The outbreak of Covid-19 pandemic which had started in China, now spread all over the world. As of 7^th April, 2020, the total positive cases recorded were 1.4 Mn and 81,049 total number of deaths. It has effected more than 209 countries and territories so far.

Apart from some essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The pandemic has raised a sudden need of protective clothing among doctors, nurses, and other health care professionals.

The use of coverall and lab coats are in high demand for medical professional, lab testers etc. Companies are facing enormous demand for protective clothing, and as a result, companies are currently expanding their production capacity to meet growing market demand. Lakeland Industries Inc., DuPont, have expanded their production capacity of protective clothing. Many other companies also started production of protective clothing to meet the domestic and global demand to fight against Covid-19.

Key Takeaways from the Protective Clothing Market Study

East Asia is expected to dominate the global protective clothing market owing to rise in demand for protective clothing in hospitals to eliminate spread of disease and treat coronavirus patients coupled with significant presence of prominent companies in China and Japan. Moreover, large number of low cost labour base and availability of raw material in East Asia are also the factors for the growth of protective clothing market in the region.
According to FMI, coverall segment are expected to see higher sales than its counterpart such as vest, jackets, aprons etc. Growing need for protection in chemical and manufacturing sector and healthcare industries have propelled the sales of coverall.
Non-Woven material are mostly used in protective clothing market. It is expected to hold the largest share during the forecast. Advancement in Nano technology and materials such as electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic materials are expected to see a robust growth during the forecast.
Manufacturing sector holds the largest share in the global protective clothing market. However, healthcare sector is expected to grow at significant CAGR owing to high demand for coverall, lab coats, and medical grown. Moreover, ongoing coronavirus pandemic has increased an enormous demand for protective clothing across the globe.

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Manufacturing Capacity Expansion to Increase Product Supply

Currently, the organizations in the market are focused on expanding their manufacturing base to fulfil the rising demand. The WHO (World Health Organization) has urged the governments of countries to work with companies in order to increase the production of necessary medical and healthcare protection clothing and equipment supplies in view of the global pandemic outbreak.

A well-established company DuPont has increased its production of Tyvek hazmat suits which is important to protect the doctors and nurses fighting the pandemic in the frontline.

Some of the key players operating in the protective clothing market are 3M Company, Ansell Limited, Kimberly Clark Corp., Teijin Limited, Sioen Industries, Lakeland Industries, Inc., W. L. Gore & Associates, Workrite Uniform Company, Inc., Cetriko, Lakeland Industries, Inc.,Ballyclare Limited, Glen Raven, DuPont and others.

Who is winning?

Several leading companies are expanding their production capacity. Extensive R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of protective clothing.

In March 2020, Lakeland Industries Inc. has expanded its manufacturing capacity by 30% to support market for the requirement of protective clothing.
In 2018, Radians, a manufactures industrial protective clothing had acquired Neese Industries, Inc. to increase its production capability.

Global Protective Clothing Market by Category

By Product Type, Global Protective Clothing Market is segmented as:

Coveralls
Vests
Jackets
Aprons
Others (surgical gowns, laboratory coats etc.)

By Material Type, Global Protective Clothing Market is segmented as:

Non-Woven
Woven
Knit

By End Use Industry, Global Protective Clothing Market is segmented as:

Manufacturing
Oil & Gas
Healthcare
Others (transportation, firefighting etc.)

By Region, Global Protective Clothing Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Get Valuable Insights into Protective Clothing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global protective clothing market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The protective clothing study reveals compelling insights on the protective clothing market on the basis of product type (coverall, vest, jacket, apron, others), material type (non-woven, woven, knit), end use industry (manufacturing, oil & gas, healthcare, others), demographics (men, women), and sales channel (offline, online) across all regions.

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Mini Refrigerator Market Key Insights Analyzed Till 2027

The global mini refrigerator market size is expected to reach US$ 2.22 Bn by the end of 2027. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 7.7% between 2022and 2027. According to the report, growing popularity of portable kitchen appliances and emerging trend of energy star certified appliances boost demand for mini refrigerator across the globe.

The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the mini refrigerator market. Some of these are:

The estimated value of the mini refrigerator market was at ~US$ 3,060.2Mn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, East Asia dominates the mini refrigerator market globally owing to rise in adoption of portable mini refrigerator to the outdoor activities such as fishing, camping, adventure sports, along with expanding demand for cold storage in vehicles to keep the food and beverages fresh during travel.
East Asia emerges as one of key markets owing to rise in per capita spending on kitchen appliances which makes mini refrigerator affordable along with increase in number of nuclear families led to increase in demand for mini refrigerator in the region.
Growth of online retailers’ sales channel is expected to boost the sales of mini refrigerator over the forecast period.
Prominent players are analysing consumer behaviour and purchase pattern to understand the current household trend. The company’s focus remains on developing innovative products that come with minimum-maintenance requirement, as, it is one of the core objectives of having smart technology.

Rise in Demand for High Capacity Mini Refrigerator at Commercial Areas

Based on the capacity, the 4-5 cu. Ft. is expected to be the most attractive segment in the mini refrigerator market over the forecast period. Rise in demand for high capacity portable refrigerator in commercial areas such as hospitals and clinics to store drugs and medical devices that requires specific storage conditions is the primary factor expected to exhibit a significant growth in the global mini refrigerator market during the forecast period. Furthermore, unique features associated with mini refrigerator such as portability, efficient cooling temperature, and high capacity propel the global mini refrigerator market for further growth. However, 2-2.9 cu. Ft. segment is expected to expand at higher CAGR during the forecast owing to increasing demand of such products on vehicles as well as outing or some small holiday trip with such capacity.

Who is Winning?

Some of the leading players operating in the mini refrigerator market are The Whirlpool Corporation, Samsung Electronics, Videocon Industries, Godrej Appliances, LG Electronics, Haier Group Corporation, Electrolux AB, Panasonic Corporation, Siemens AG, ARB Company, Highsense Infotech, Zhongke Meiling Cryogenics Co., Ltd., Danby Appliances Inc., Whynter, LLC, Engel, Koolatron Corporation, Dometic Group AB, EdgeStar Appliances Company, Midea Group, Uber Appliance Company, and others.

These manufacturers are developing technological advanced products with high energy star certified products to meet growing consumer requirements as well as to have a competitor edge in the market. Moreover, collaboration with domestic distributors, strategic partnership, seeking for certifications, and enter into e-commerce platform remains a popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through mergers and acquisition.

In January 2020, Godrej Appliances introduced a new mini refrigerator for hotels and hospitals, to cater to the cooling requirements of the industry. Company developed innovative product to meet the growing demand of cooling device that works on advanced thermostatic technology.
In 2019, Haier Group Corporation launched two new vertical freezers namely Mini-Vertical Freezer ‘BD88DEM’ and Haier Premium Vertical Freezer ‘BD168WL’ in India to stock small to large variety of food items. The refrigerator is designed to reduce the problem of frost formation and provide a wide temperature range between -14 to -25 degrees.

Get Valuable Insights into Mini Refrigerator Market

Future Market Insights, in its new report, presents an unbiased analysis of the global mini refrigerator market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights on the mini refrigerator market based on product type (single door refrigerator and double door refrigerator), capacity (less than 1 cu. Ft., 1-1.9 cu. Ft., 2-2.9 cu. Ft., 3-3.9 cu. Ft., and 4-5 cu. Ft.), end-user (commercial and residential), price range (economy, mid-range, and premium), sales channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores, independent small stores, online retailers, and other sales channel), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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Key Segments Of Mini Refrigerator Industry Survey

Mini Refrigerator Market by Product:

Single Door Refrigerators
Double Door Refrigerators

Mini Refrigerator Market by Price Range:

Economic Mini Refrigerators
Mid-range Mini Refrigerators
Premium Mini Refrigerators

Mini Refrigerator Market by Capacity:

Less Than 1 cu. Ft Mini Refrigerators
1-1.9 cu. Ft Mini Refrigerators
2-2.9 cu. Ft Mini Refrigerators
3-3.9 cu. Ft Mini Refrigerators
4-5 cu. Ft Mini Refrigerators

Mini Refrigerator Market by End User:

Residential Mini Refrigerators
Commercial Mini Refrigerators

Mini Refrigerator Market by Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Exclusive Stores
Independent Small Stores
Online Retailers
Other Sales Channels

Mini Refrigerator Market by Region:

North America Mini Refrigerator Market
Latin America Mini Refrigerator Market
Europe Mini Refrigerator Market
East Asia Mini Refrigerator Market
South Asia & Pacific Mini Refrigerator Market
Middle East & Africa (MEA) Mini Refrigerator Market

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Air Fryer Market Outlook, SWOT Analysis and Forecasts – 2031

According to Future Market Insights (FMI), the market for air fryers is expected to reach US$ 1,861.4 Mn by the end of 2031, rising at a CAGR of over 7.3% between 2021 and 2031. Rising health & fitness concerns among consumers will remain a driving influence. Offerings with multi-functional cooking features will reflect higher demand.

Advancements in product features, and growing consumer interest towards technology-led products have changed the small appliances industry. Consequently, manufacturers have introduced air fryers with traditional oven functionalities. This enables benefits of accessibility, saves kitchen space, and offers a larger cooking capacities.

The rapid rise of the e-commerce industry, higher consumer incomes, and advances in intelligent cooking technologies are spurring market growth. Adoption of air fryers in residential and commercial sectors is also a contributory factor driving market growth.

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Hectic lifestyles and the resultant demand for healthy diets has influenced cooking appliance manufacturers. As a result, modern air fryers are designed to reduce cooking time without compromising on nutrition. Also, air fryer market participants have invested heavily in research and development activities to improve flexibility in cooking operations.

Increasing consumer inclination towards energy efficiency and eco-friendly product features is expected to generate growth opportunities. Stringent safety standards drafted by environment regulatory bodies such as the EPA (Environmental Protection Agency) have given rise to ENERGY STAR specifications to reduce GHG (Greenhouse gas) emissions, which will positively influence developments in the long-term.

Key Takeaways

The United States is expected to remain a prominent regional market due to high preference for oil-free food amongst health-conscious consumers.

Strong growth is emerging from emerging economies of India, China, Saudi Arabia, and Russia, driven by changes in urban lifestyles.

In terms of product type, digital air fryer held notable share in the global air fryer market owing to consistency in food quality.

Residential sector is expected to experience steady growth within the global air fryer market space over the forecast period.

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Impact of COVID-19 & 2020 Market Analysis

During the COVID-19 outbreak, air fryer manufacturing companies have been severely impacted owing to disrupted supply chains in terms of raw materials and components. Lockdown restrictions led to short-term halt in production, while sales are bouncing back in 2021. Air fryers are emerging as essential equipment in kitchens with the increasing focus on a healthy lifestyle.

The outbreak has also resulted in substantial growth of categories including cleaning and hygiene products. The growth of the e-commerce sector is also a positive influence as companies focus on expanding their distribution networks to online channels to cater to surging consumer demand. However, brick and mortar retail stores suffered through the Covid-19 lockdown period. The change in buying patterns bolstered sales through e-commerce platforms, which will continue in the long-term.

Who is winning?

The report highlights some prominent players in the global air fryer market, which include Koninklijke Philips N.V, Newell Brands, Inc., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation, Meyer Manufacturing Company Limited, GoWISE USA (Ming’s Mark Inc.), among others. Market players are primarily focused on marketing campaigns to promote their products and create brand awareness among consumers, with social media campaigns gaining notable traction.

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In July 2020, SharkNinja Operating LLC introduced the new Ninja Foodi 2-Basket Air Fryer. The fryer has a two-basket cooking system feature for additional versatility compared with traditional air fryers. The air fryer’s 8-quart capacity and Dual Zone technology helps the user cook two foods in two ways, and finish at the same time.

In 2019, Koninklijke Philips N.V introduced Airfryer XXL with smart sensing technology. The technology simplifies the cooking process with a unique fat removal technology, with the fat being captured in the bottom tray of the fryer for easy disposal. Additionally, the air fryer can bake, grill and roast.

Product launches will remain a key strategy adopted by market players to gain competitive advantage. Leaders in the air fryer market are introducing products which fulfil the needs of customers.

Get Valuable Insights into Air Fryer Market

Future Market Insights, in its new proposing, provides an unbiased analysis of the global air fryer market, presenting demand data (2016-2020) and forecast analysis for 2021-2031. The study divulges compelling insights on the air fryer market based on the device type (manual, and digital), wattage (below 1200 watt, 1200-1500 watt, 1500-1800 watt, 1800-2200 watt, and 2200 & above), end-use (commercial, and residential), price range (below US$ 25, US$ 25-US$ 100, US$ 100-200, US$ 200-US$ 300, US$ 300 & above), and sales channel (direct sales, supermarket/hypermarket, departmental stores, specialty stores, online retailers, and other sales channel) across seven major regions.

Air Fryer Market by Category

Device Type

Manual
Digital

Wattage

Below 1200 Watt
1200-1500 Watt
1500-1800 Watt
1800-2200 Wattage
2200 Wattage & Above

End Use

Commercial
Residential

Price Range

Below US$ 25
US$ 25 – US$ 100
US$ 100 – US$ 200
US$ 200- US$ 300
US$ 300 & Above

Sales Channel

Direct Sales
Supermarket/Hypermarket
Department Stores
Specialty Stores
Online Retailers
Other Sales Channel

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Frequently Asked Questions

What is the air fryer market size?
Which end-user segment witnesses most lucrative growth opportunities?
Which sales channel will be the most lucrative in future?

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Contact Lenses Market Projected to Expand Steadily at a CAGR 4.6% During The Forecast Period 2022-2029

The global contact lenses market is set to reach US$ 12.5 Bn in terms of revenues by the end of 2029. A new Future Market Insights (FMI) study reveals that the contact lenses market will see a moderate CAGR over 2029. Soft contact lenses are the most prescribed contact lenses, while toric lens designs are significantly gaining popularity over the recent past. The latter are gaining traction attributing to their properties to correct mixed astigmatism.

Moreover, these lenses are fashionable, serve various purposes owing to their anti-radiation (block UV rays) properties, and abilities to filter dim lights and work on miniature components. Demand for silicone hydrogel contact lenses is also on a constant rise, as they reduce the risk of hypoxia related eye problems.

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List Of Key Players Covered in Contact Lenses Market are:

CooperVision, Inc.
Johnson & Johnson Vision Care, Inc.
Hoya Vision Care Company
Alcon (Division of Novartis AG)
Bausch & Lomb Incorporated
BenQ Materials Corporation
ZEISS International
SEED Co. Ltd.
Essilor International S.A.
Menicon Co. Ltd.

Key Takeaways – Contact Lenses Market

North America is expected to retain its dominant position in the global contact lenses market due to high adoption of contact lenses, high demand for branded products, and frequent new product launches, coupled with significant presence of prominent players in the region.
Soft lenses continue to be top selling, making up nearly 80% of overall sales in the contact lenses market. These lenses are widely prescribed by doctors, user-friendly, and easier to adjust as compared to hard contact lenses.
Increasing usage of therapeutic (drug-eluting) contact lenses for ophthalmic drug delivery is creating a massive window of opportunity in the global contact lenses market. These lenses would be garnering interests with their unique advantages such as extended wear and high bioavailability.

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Growing prevalence of myopia among young children and elderly demographic will continue to create significant opportunities for prominent players in the contact lenses market. Daily wear soft contact lenses made of flexible plastic that enables oxygen to pass through the eyes are gathering traction in market. Besides such innovations, online sales will help manufacturers reap sizeable profits in the global market.

Smart Contact Lenses Gaining Traction

Contact lens companies have been introducing novel products in the market, attributable to R&D advancements. Smart contact lenses represent one such innovation that continues to gain popularity worldwide. These lenses do not require surgery and can be inserted or removed by users. Researchers from the Harbin Institute of Technology in China and the University of California San Diego are developing innovative biomimetic smart soft contact lenses that users can zoom in and out by simply blinking.

Know More About Contact Lenses Market Report

Future Market Insights, in its new offering, provides an analysis of the global contact lenses market, presenting historical demand data (2014-2021) and forecast statistics for the period of 2022-2029. The report on the global contact lenses market reveals compelling insights on the basis of product type (soft lenses [daily wear and extended wear] and gas permeable), design type (spherical, toric, multifocal, and others), wear type (disposable and reusable), and sales channel (online [e-Commerce portal and company owned portal] and offline [exclusive stores and multiband stores]), across seven major regions.

Detailed Table of Content:

Executive Summary
- Global Market Outlook
- Summary of Key Statistics
- Summary of Key Findings
- Product Evolution Analysis
- Analysis and Recommendations
Market Overview
- Market Taxonomy
- Market Definition
Key Market Trends
- Key Trends Impacting the Market
- Product Innovation Trends
- Evolution of Eyewear Industry
- Future Prospects of Eyewear Industry
  - Factors Fuelling Growth
  - Influx of Brands
  - Innovative Distribution & Marketing Strategies
The Massive Impact of the Crisis
- Covid-19 The Situation Now
- Countries in action: How have countries been responding?
- The Economic Impact of the COVID-19 Outbreak on Developing Asia
- Impact of COVID-19 on the Gross Domestic Product of Selected Economies
- Current Economic Projection – GDP/GVA and probable impact
- Comparison of SAARs and market recovery, comparison to 2008 financial crisis and market recovery and forecast comparison for recovery of COVID 19
- Impact of Covid-19 on Manufacturing Industry
- Coronavirus Impact on The World of Work
- Projected Recovery for Hardest Hit Sectors
Brand Mapping Analysis
- Price v/s Product
- Value for Money
- Top of Mind Contact Lenses Brands
- Brand Portfolio-by Key Players
- Brand Loyalty Mapping
- Usage Pattern Overview
- Branded vs Unbranded-Market

TOC Continued…!

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Fluoropolymer Market sales to grow at 5.3% CAGR by 2031 – Future Market Insights

The long-term outlook on the global fluoropolymers market remains positive, with market value expected to increase at a CAGR of 5.3% during the forecast period. Future Market Insights delivers key insights on the global fluoropolymers market in its latest report titled ‘Fluoropolymers Market: Global Industry Analysis and Opportunity Assessment (2031).’

The industrial & equipment segment is expected to remain a key end-use segment, accounting for over one-fourth of the total shares in the global market throughout the forecast period. Global sales of fluoropolymers is estimated to be valued at over US$ 8 Bn by the end of 2017.

APEJ is estimated to account for a major value share in the global fluoropolymers market by 2017 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact the market during the forecast period.

According to FMI reports, manufacturing facilities are facing substantial challenges to operations. A number of end use verticals have temporarily suspended operations, either owing to a sharp drop in demand, or due to government restrictions. These trends will hurt prospects of the fluoropolymers market in the short term.

“Fluoropolymers are largely used to improve physical and chemical characteristics of coatings in industrial, construction, and household applications. The characteristics of fluoropolymers resins drive applications in production of novel friction reduction materials with thermal and chemical resistance, which will bolster market growth,” says the FMI analyst.

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Fluoropolymers Market – Important Takeaways

Polytetrafluoroethylene is a highly sought-after fluoropolymer, supported by superior chemical stability and resistance to wear and tear.
Industrial sector applications account for major revenue owing to use in filtration membrane, flue gas, and pharma processing equipment.
Asia Pacific is a dominant fluoropolymers market owing to substantial demand for fluoropolymers in electronics, automotive, and construction sectors in the region.

Fluoropolymers Market – Driving Factors

Extensive use of fluoropolymers in the production of semiconductors is a key growth factor.
Expansion of the global automotive industry in emerging economies is contributing to critical growth opportunities.
Characteristics including weather stability, chemical resistance, and thermal properties bolster scope of application in multiple verticals.

Fluoropolymers Market – Leading Constraints

Strict regulations governing the production and application of fluoropolymers is a key challenge to market growth.
Risks of perfluorooctanoic acid contamination in coating applications hurts market prospects.

Expected Impact on Market by Coronavirus Outbreak

With the coronavirus crisis, workers in manufacturing facilities are higher risk, as manufacturing operations cannot be conducted remotely. Consequently, the closure of fluoropolymer production facilities and disruptions in raw material supplies during the crisis period, will hurt near term prospects of the market. However, wide ranging industrial and chemical applications will support a steady recovery once lockdown restrictions are relaxed.

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Competition Landscape

Some of the top players operating in the fluoropolymers market are 3M Company, Halopolymer OJSC, DuPont Company, Kureha Corp., BASF SE, Hindustan Fluorocarbons Ltd., Daikin Industries Ltd., Saint Gobain S.A., Arkema Group, Honeywell International Inc., and Solvay Chemicals Inc. Market players are pushing for strategic collaborations and product development to aid market presence. For instance, Poeton has launched a nickel and fluoropolymer surface treatment material in July 2020.

Fluoropolymer Market by category

By Product Type:

PolytetraFluoroethylene (PTFE)
Polyvinylidene fluoride (PVDF)
Polyvinyl Fluoride (PVF)
Fluorinated Ethylene Propylene (FEP)
Polychlorotrifluoroethylene (PCTFE)
Perfluoroalkoxy Polymer (PFA)
Others

More on the Report

FMI’s provides in-depth insights on the fluoropolymers market. The market is segmented in terms of product type (polytetrafluoroethylene, polyvinyl fluoride, polychlorotrifluoroethylene, polyvinylidene difluoride, fluorinated ethylene propylene, prefluoroalkoxy polymer, and others), and end use (construction, automotive & aerospace, electrical & electronics, industrial processing, and healthcare) across five key regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Electrical Insulation Materials Market projected to increase at a robust 6.4% CAGR by 2031

Increasing application of electrical insulation materials in the electrical and electronics sector for various machines, devices, and equipment is expected to propel sales. Future Market Insights finds, the global electrical insulation materials market is projected to reach US$ 9.42 Bn in 2021.

As per the study, the sales are poised to expand at 6.4% CAGR, surpassing US$ 17.53 Bn in 2031. Rising demand for thermosets such as epoxy resins, used in power generation for safeguarding the machines and equipment is favoring the growth in the market.

Electrical Insulation Materials Market Base Year Value (2020A)	US$ 8.83 Bn
Electrical Insulation Materials Market Estimated Value (2021E)	US$ 9.42 Bn
Electrical Insulation Materials Market Projected Year Value (2031F)	US$ 17.53 Bn
Value CAGR (2021-2031)	6.4%
Collective Value Share: Top 3 Countries (2020A)	44.1%

Consequently, with increasing application in wires and cables, and batteries, demand for electrical wire and cable insulation materials will increase over the forecast period.

Besides this, consumer preference for cellulose, in the production of insulation boards and sheets for utilization in power and distribution transformers, is creating lucrative growth prospects for electrical insulation materials market players.

Regionally, East Asia is expected to contribute significant share, with China leading the growth in the global electrical insulation materials market. Growth in China is attributable to rising expenditure in innovation and development of new silicon electrical insulation materials for lithium ion batteries.

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“Increasing demand for thermoset electrical insulations, coupled with growth in infrastructural investments, will result in high demand for electrical insulation materials over the forecast period 2021-2031,” says an FMI analyst.

Key Takeaways:

By material type, thermosets segment is expected to account for more than 45.5% of total electrical insulation materials market share in 2021.
Sales of electrical insulation materials applied in wires and cables is anticipated to hold nearly 42.8% of the total electrical insulation materials market share in 2021.
The U.S. is anticipated to hold a dominant share of 88.9% of the North America electrical insulation materials market in 2021.
China will remain a lucrative market, creating an incremental opportunity of US$ 2.01 Bn in 2031.
Germany is projected to account for 18.6% in the Europe electrical insulation materials market share in 2031.
China and Japan will hold 21.2% and 5.9% of the global electrical insulation materials market share, respectively, in 2021.

Competitive Landscape

Leading players operating in the global electrical insulation materials market include Nitto Denko Corporation, 3M Company, E. I. DuPont de Nemours and Company, The Dow Chemical Company, Showa Denko Materials Co., Ltd., KREMPEL GmbH, ITW Formex, Elantas GmbH, Nikkan Industries Co., Ltd, Dr. Dietrich Müller GmbH, and others.

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Electrical Insulation Materials Markey by Category

By Material Type:

Thermoplastics
- Polyethylene
- PVC
- Others
Thermosets
- Epoxy Resin
- Silicone Rubber
- Polyimide
- Others
Ceramics
Fiber Glass
Mica
Cellulose
Cotton
Others

By Application:

Power Transformer
Distribution Transformers
Electrical Motors & Generators
Wires & Cables
Switchgears
Batteries
Others

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Wheel of Fortune

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

5. Global Electrical Insulation Materials Demand Analysis 2016-2020 and Forecast, 2021-2031

6. Global Electrical Insulation Materials – Pricing Analysis

continued…!

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Metalized Barrier Films Market Rise in Demand for Ready-to-Eat Food Products Packed in Pouches

A new study by Future Market Insights (FMI) provides a detailed analysis of global metalized barrier films market for the forecast period 2017 to 2022. The global market for metalized barrier films will register a steady 5% CAGR, to exceed revenues worth US$ 4,000 Mn by 2022-end.

All types of flexible packaging have a drawback of permeability, allowing oxygen or other gases to penetrate through them. In order to overcome this challenge, packaging manufacturers came up with metalized barrier films, which enable prevention of internal atmosphere of packaging from getting influenced by the external environment. Metalized barrier films offer more technological benefits to flexible packaging as compared to rigid packaging products, as they offer higher efficiency in insulating the products at affordable prices.

Manufacturers Focusing on Developing Innovative Products

Leading manufacturers of metalized barrier films are focusing on developing innovative products, such as metalized barrier films with moisture and oxygen protection along with aroma protection. Another example is of stainless steel coated metalized barrier films that are print receptive, making it ideal for variety of graphic applications , thereby providing attractive packaging solutions. Continuous innovations in designs, and testing new materials, technologies and techniques are key strategies adopted by manufacturers for gaining a competitive edge in the market.

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High barrier Metalized Barrier Films will Continue to be Sought-after Among Barrier Types

Between ultra-high barrier and low barrier metalized barrier films, the former will register a higher CAGR, while the latter is expected to account for a comparatively larger revenue share of the market during 2017 to 2022. High barrier metalized barrier films will continue to be sought-after among barrier types. In contrast, medium barrier will remain the least lucrative barrier type of metalized barrier films during the forecast period.

Lids, blister pack base webs, and sachets are projected to be the fastest expanding applications of metalized barrier films throughout the forecast period. Revenues from these three applications of metalized barrier films are projected to account for over one-third market share in 2017. Pouches will continue to be the most lucrative application of metalized barrier films, albeit expanding at a comparatively lower CAGR than lids, blister pack base webs, and sachets. In contrast, stretch wrap films are anticipated to remain the least attractive application of metalized barrier films.

Projected to hold nearly two-third market revenue share during the forecast period, food and beverages will continue to be most attractive end-use segment of metalized barrier films. Pharmaceuticals is also expected to be a lucrative end-use segment of metalized barrier films, and will expand at a CAGR of 5% through 2022. Metalized barrier films sales for end-use in electronics are projected to register the lowest CAGR through 2022.

Polyethylene and Aluminium to Remain Most Lucrative Materials for Metalized Barrier Films

Polyethylene and aluminium are anticipated to remain the most lucrative materials for metalized barrier films. Revenues from these two materials are projected to hold over half revenue share of the market in 2017. Sales of aluminium will register a comparatively higher CAGR than sales of polyethylene in the market through 2022.

Europe and North America will continue to be the largest markets for metalized barrier films over the forecast period. Growing demand for packaged beverages and food, along with the presence of numerous supermarkets and hypermarkets is propelling the market growth in these two regions. The market in Asia-Pacific excluding Japan (APEJ) is projected to reflect an impressive expansion through 2022, although accounting for a relatively lower revenue share of the market. This is mainly because of significant expansion of industries such as food & beverage, and pharmaceuticals in the region, particularly in India and China.

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Key companies listed by the report, who are actively operating in the global market for metalized barrier films, include Forum Packaging, SRF Limited, Henkel AG & Co. KGaA, Mondi Group plc, Amcor Ltd., Bemis Company, Inc., Jindal Poly Films Ltd., DUNMORE Corporation Ltd., Polyplex Corporation Ltd., and Uflex Ltd.

Market segmentation

Material

Polyethylene
BOPT
Polypropylene
Aluminum
Polyamide
PVDC
EVOH
Others

End-Use

Food and Beverages
Pharmaceuticals
Electronics
Home Care
Personal Care

Application

Pouches
Blister Pack Base Webs
Shrink Films
Stretch Wrap Films
Sachets
Lids

Barrier

Low Barrier
Medium Barrier
High Barrier
Ultra High Barrier

Table of Content

1. Global Metalized Barrier Films Market – Executive Summary

2. Global Metalized Barrier Films Market Overview

3. Global Metalized Barrier Films Market Analysis and Forecast By Material

4. Global Metalized Barrier Films Market Analysis and Forecast By End-Use

5. Global Metalized Barrier Films Market Analysis and Forecast By Application

6. Global Metalized Barrier Films Market Analysis and Forecast By Barrier

To be continued…!

About FMI

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/metalized-barrier-films-market
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