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Dog Food Toppers Market 2021 Outlook, Current and Future Industry Landscape Analysis 2030

A mounting number of pet parents around the world is exhibiting high demand for dog food toppers, which is mainly triggered by their needs for improving the nutritional value of their diets and meals. Dog food toppers are considered by dog parents as a creative, simpler, and delicious way of turning regular dog food recipes into more nutritious and tastier diets. The global market for dog food toppers is expected to witness incremental growth with growing trust of dog parents in these products as a medium to facilitate dog health through weight loss and improving their digestive system.

Consequently, market players are introducing innovative options for end users in the form of dry, moist, frozen-dried, and broth formulations of dog food toppers. Leading stakeholders in the dog food toppers market are also adopting innovative marketing strategies, such as boosting the use of merchandised vehicles.

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Brand Experimenting with Dog Food Toppers in the Liquid Form along with Customization

As the awareness about the versatility of dog food toppers is growing, leading players in the dog food toppers market are experimenting with the formulation of their products to improve their functionality as well as taste.

According to the recent trends in the global market, the popularity of pour-over dog food toppers is triggering stakeholders to introduce innovative products with broth formulations and gain a competitive edge in the market. Liquid supplements exhibit near-instant and higher rates of absorption of nutrients if compared to dog food toppers and dog meal supplements that are available in other forms such as solids, pills, and capsules.

Dog Food Toppers Market: Region-wise Analysis

Based on the geographical factors, the dog food toppers market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Growing concerns about pet health as well as pet palatability in a majority of developed countries are triggering the growth prospects of the dog food toppers market in western regions such as North America and Europe.

Along with the increasing awareness about the nutritional intakes of pets, pet parents are also making a careful purchasing decision based on ingredients and flavours. This is expected to influence the top trends in western markets for dog food toppers.

Dog Food Toppers Market: Competitive Landscape

Stella & Chewy’s, LLC
The Honest Kitchen
Buy Blue Buffalo
Petchup
Basics
Instinct.

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Region-wise Analysis

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

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.

Dog Food Toppers-Segmentation

By Product Type

Dry Food Toppers
Wet Food Toppers
Others

By Lifestage

Puppy
Adult
Senior

By Breed Size

Small Breeds
Medium Breeds
Large Breeds

By Price Range

Mass
Premium

By Sales Channel

Wholesalers/Distributors
Convenience Stores
Pet Specialty Stores
Modern Trade
Pharmacy/ Drug Stores
Online Retailers
Others

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Consistent Demand from Clothing & Apparel Sectors will Drive Hang Tags Sales: FMI

Hang tags are highly sought-after label/tag solutions, predominantly used with or attached with items for displaying the item information. Using hang tags also is considered a way of branding items with an attractive look. Nowadays hang tags are not only limited to clothing & apparels but their application has expanded to several industries such as food, hospitality & travel, and beauty & personal care. According to a study by Future Market Insights (FMI), this will enable sales in the hang tags market. The market is forecast to reach a valuation of US$ 1.7 Bn by 2021.

In terms of availability, there are different kinds of hang tags made up of paper, fabric and plastic. Of these, paper hang tags are in considerably high demand. Shifting buying patterns of millennials from store shopping to online shopping has boosted sales of clothing & apparels to a significant extent and this is going to be one of the key factors behind driving the hang tags market. Rising demand from clothing and apparel sector will continue driving growth. It is expected to account for over 60% of sales in the market in 2021.

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Key Takeaways from Hang Tags Market

After a period of lackluster sales, hang tags market will register 5.2% CAGR between 2021 and 2031
The U.S. will remain the chief hang tags market in North America, accounting for over 80% of sales
Expansion of beauty and personal care industry will aid growth in the U.K.
Presence of a growing textile industry will drive the India market for hang tags
Increasing demand from food and beverages sector will support growth in China

“Incorporation of eye catchy printings on hang tags coupled with smooth finishing make them exceptional brand communicators with target audience. Emergence of hang tags as an effective medium of interaction between item and customers has catapulted its popularity among the brand owners. This popularity for hang tags among the brand owners has transformed into lucrative opportunities for hang tags manufacturers” says FMI analyst.

Printing on Hang Tags to Elevate Brand Image of Product

Leading as well as small food & beverages, beauty and personal care, clothing and apparel industry players across the globe are preferring labelling solutions such as hang tags, loop tags, and swing tags for brand promotion and attract end-use customers. Printing on hang tags with precise product information helps brand owners to differentiate their products from competitor’s products already available in the market.

Hang tags can be printed with several printing options such as flexo printing, direct thermal and thermal transfer, and others as per the requirement. These custom printing options able to print all sorts of prints on hang tags starting from barcodes to track your product to any other form of information as per the customer needs. Quality of print on hang tags plays a pivotal role in hang tags aesthetic look and its finishing. Such printing on hang tags improves the overall look of hang tags and make it attractive and it also gains the attention of consumer towards the product. Availability of such advanced printing options is offering several opportunities to hang tags manufacturers to design and manufacture more attractive and catchy hang tags to attract a major portion of customers in the market.

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Impact of COVID-19 on Hang Tags Market

Global wave of COVID-19 pandemic has induced moderate impact on the sales of hang tags in the market. Substantial portion of demand for hang tags is derived from clothing & apparels, hospitality and travel and food & beverages sectors. Stringent lockdown in several regions including North America, Europe and Asia has created negative impact on these industries in terms of demand and supply.

Lesser demand generation for hang tags from these industries resulted in stagnant market growth for hang tags amid the COVID-19 period. Furthermore, the second wave of pandemic in some countries, halt the production of manufacturers including hang tags producers which will further limit the sales of hang tags for certain period. Nevertheless, factors such as recovery from outbreak, revised demand & supply of raw materials in production plants is estimated to fuels the sales of hang tags in the later part of 2021.

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Who is Winning?

CCL Industries Inc, Sato Holdings Corporation , Nilorn Group are the top players operating in the hang tags market. Furthermore, St. Louis Tag Company, Bornemann-Etiketten GmbH, WunderLabel Company, Dortex Werbung und Vertrieb mbH, Finotex USA Corporation and Pacific Coast Bach Label Inc are also the noticeable players in the hang tags market. The Tier 3 players in the market hold 80-85% in the global hang tags market. In conclusion, key players contribute almost 15-20% of the global market.

CoQ10 Gummies Market 2021 | Current and Future Demand, Analysis, Growth and Forecast By 2030

CoQ10 (Coenzyme Q10) is a chemical compound or a molecule that occurs naturally in most of the aerobic organisms such as bacteria, humans, and other mammals. CoQ10 is also known as Ubiquinone or Vitamin-Q10 and acts as a nutrient compound for energy generation in the human cell. CoQ10 plays a significant role as an antioxidant, energy provider, digestive, and immunity booster. Although most consumers obtain adequate amounts of CoQ10 through a balanced diet, supplementation would be required for consumers especially with particular heart conditions, brain disorders, diabetes, and muscular dystrophy. Hence, increasing age and medical conditions are associated with dropping levels of CoQ10 in the body. Therefore, CoQ10 has been made available as a supplement in different forms such as soft gel capsules, hard shell capsules, oral sprays, tablets, and gummies. CoQ10 gummies are nothing but single vitamin gummies that are designed to taste and feel similar to a chewable gummy candy.

The CoQ10 gummies are available in various fruit flavours, shapes, and colours, making them a very popular option among the other forms of CoQ10 supplements. In addition to this, manufacturers are coming up gummies made out of plant-based ingredients (most of CoQ10 supplements are prepared from animal sources) to cater to the vegan consumers. Other factors such as marketing strategies, organic trends, label claims, and fitness trends are expected to play an important role in the growth of global CoQ10 gummies market.

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Trend of Vitamin Gummies to Bolster the Growth of CoQ10 Gummies Market

Vitamin Gummies are vitamin-enriched dietary supplements that are soft, small, and chewable specifically designed to taste and feel like gummy candies. Owing to its visual appearance, soft texture, and fruity taste, the vitamin gummies were produced to attract the children and the elderly that refrain from consuming the traditional pills.

Rise in Demand for CoQ10 Gummies Owing to its Numerous Health Benefits and Label Claims

Studies conducted on people with heart failure show that CoQ10 consumption lessened serious complications, lessened frequent hospitalization and reduced the risk of dying from heart problems. This is because CoQ10 helps in achieving optimum energy levels, improves heart function, and reduces oxidative damage. Several studies have also shown that CoQ10 protects the eggs and sperm from oxidative damage, thereby also helping in boosting fertility. The antioxidant also provides protection to the skin from UV rays, thereby reducing the risk of skin cancer.

Global CoQ10 Gummies: Key Players

Some of the key players manufacturing CoQ10 Gummies are as follows –

Nordic Naturals
Vitafusion
Nature’s Bounty Co.
Nature Made
Jamieson
Weber Naturals.

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The Report Covers Exhaustive Analysis on:

CoQ10 gummies market segment
CoQ10 gummies market dynamics
CoQ10 gummies market size
CoQ10 gummies supply and demand
Current trends/issues/challenges pertaining to CoQ10 gummies market
Competition landscape and emerging market participants in CoQ10 gummies market
Technology related to production/processing of CoQ10 gummies
Value chain analysis of the CoQ10 gummies market

Regional Analysis Includes:

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

Report Highlights:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the CoQ10 gummies market
Recommendations to companies for strengthening their foothold in the CoQ10 gummies market

Global CoQ10 Gummies: Market Segmentation

Based on Source, CoQ10 Gummies can be segmented as:-

Plant-Based
Animal-Based

Based on Customer Orientation, CoQ10 Gummies can be segmented as:-

Men
Women

Based on Sales-Channel, CoQ10 Gummies can be segmented as:-

Direct Sales
Hypermarket/Supermarket
Convenience Stores
Departmental Stores
Specialty Stores
Drug Stores / Pharmacies
Online Retailers

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Glacial Acetic Acid Market is projected to witness solid growth at approximately 6.5% CAGR over the forecast period 2019-2029

Global glacial acetic acid market is poised for strong growth at approximately 6.5% CAGR during the projection period (2019-2029). Multifaceted applications such as vinegar, paints, pharmaceuticals, inks, and in food & beverages industry are propelling the growth of glacial acetic acid market. Food preservation segment in particular is the growth engine of the market, says a recent Future Market Insights (FMI) report.

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Key Takeaways of Glacial Acetic Acid Market Study

Acetic anhydride production necessitates the demand for glacial acetic acid through the forecast period.
Raw materials of glacial acetic acid have relatively low price point thereby supplementing the market growth.
Variegated household applications are bolstering the market growth.
Gains in glacial acetic acid market remain concentrated in Asia Pacific.

Key players must enhance the sustainability aspect of their business and diversify their product offerings to gain stronghold in the global glacial acetic acid market.

glacial acetic acid market value in key countries

Asia Pacific Acquires 69.8% Share in Glacial Acetic Acid Market

Rising economic wealth in emerging Asian economies is bolstering the market growth in the region. Shifting consumer preferences and lifestyle factors are shaping up the regional glacial acetic acid market as well. Rising infrastructural activities accentuate the demand for glacial acetic acid. On that premise, Asia Pacific glacial acetic acid market constitutes 69.8% revenue share in the market.

Further, established end-use industries in developed economies such as United States are driving the market growth in North America. The regional market is projected to experience prolific growth during the forecast period. The predominant industry driving the consumption of glacial acetic acid in the region is oil and gas exploration industry.

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Industry leaders Rely on Multipronged Strategies for Competitive Edge

Some of the prominent market players featured in this FMI report include, but are not limited to, Hawkins, Inc., MP Biomedicals, BASF SE, OM Group, Inc., Eastman Chemical Company, Celanese Corporation, Innova Corporate (India), Spectrum Chemical Mfg. Corp., British Petroleum, China Great Wall Energy Co, Sinopec Great Wall Energy and Chemical, and Reliance.

Major players are scrutinizing their sales execution strategies and working on efficient pricing to foster their market position. Top performers in the global glacial acetic acid market are focused on gaining attractive revenues through innovation and sustainable transition.

Will the COVID-19 Pandemic Hold an Abrupt Impact on Market?

Although manufacturing and supply sides of the glacial acetic acid market will be facing the heat of global coronavirus outbreak, the market will not be facing abrupt impacts as it falls under the basic chemicals category, i.e. acetic acid. Owing to its applicability, glacial acetic acid is often placed at the beginning of value chains. Looking at the dependence on China for production of basic and allied chemicals, the industry players now ought to reduce their reliance on Chinese markets. FMI’s analysis reveals that a visible shift from China to India in terms of glacial acetic acid manufacturing will be observed in the immediate future, marking an important trend in the global market.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global glacial acetic acid market. The major categories encompassed by the report include grade (food grade, industrial grade, and pharmaceutical grade), end-use application (Food additive, Solvent, Photographic Chemical, Paints & Coating, Textile, Cosmetics, and Pharmaceutical Intermediate) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

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Home Baking Ingredients Market 2021 Expectations & Growth Trends Highlighted Until 2030

The global home-baking ingredients industry is experiencing an impressive rate of growth during the lock-down era. With the rising demand for bakery products across the globe during the last few years, the home-baking ingredients industry has been undergoing an upsurge, with shifts in product patterns in line with emerging trends. Generally, the bakery food segment aims to provide indulgence for customers looking for a sweet treat. Consumers shift to the category of baked goods for premium products which can be used for holidays and special occasions.

According to Barry Callebaut, the leading manufacturer in the market for bakery ingredients, around 76% of North American customers said they prefer pastries or cakes that allow them to indulge. The consumption of bakery products on any occasion fueling the growth of the global home baking ingredients market. The demand for clean label home baking ingredients witnessing lucrative growth from last few years. The bakery space targets health and wellness-related customers. Better-for-you therapies also come with simple labels, clean claims and natural positioning.

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Home Baking Ingredients: Key Players

Some of the key players operating in the global home baking ingredients market includes,

General Mills Inc.
Associated British Foods Plc.
Koninklijke DSM N.V.
BASF SE
E.U. Du Pont De Nemours
Cargill Inc.
Flowers Foods Inc.
Hostess Brands LLC.
Uniferm GmbH & Co.
George Weston Ltd and many others.

Home Baking Ingredients: Regional Analysis

Europe accounted for the largest market share of the global home baking ingredients market. The most lucrative demand for baking ingredients is expected to remain in North America and is estimated to see the fastest growth during the forecast period. Factors driving North American market growth are growing demand for packaged goods and convenience foods, along with growing health-conscious populations.

The Asia Pacific is also expected to witness lucrative growth during the forecast period. The demand for bakery products in emerging countries of Asia Pacific such as India and China is being fueled by the millennials who are demanding healthy & tasty palatable food without willing to spend much effort and time.

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The study is a source of reliable data on:

Home baking ingredients 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)

Highlights of the Home Baking Ingredients market report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the home baking ingredients market
Recommendations to companies for strengthening their foothold in the home baking ingredients market

Home Baking Ingredients: Market Segmentation

end-use :

Cookies
Biscuits
Bread
Rolls & Pies
Pastries
Cakes
Others

product type:

Baking Powder & Mixes
Emulsifier
Leavening Agent
Colors
Flavors
Oils, Fats & Shortenings

distribution channel:

Hypermarkets/Supermarkets
Convenience Store
Specialty Stores
Online Retailers
Other Retailers

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Automotive In-Wheel Motors Market will record a staggering CAGR of over 35% through 2027

Automotive in-wheel motors have recorded a remarkable surge in sales in recent years, influenced by multiple factors ranging from greater driving range per charge to elimination of components such as driving and differential shafts. According to a study of Future Market Insights (FMI), the automotive in-wheel motors sales will exceed 720 thousand units in 2019. Affordability of in-wheel motor in terms of power consumption relative to the traditionally employed central drive unit system will continue to uphold its preference by automakers in the near future.

Elimination of unnecessary components is one of the primary adoption determinants of automotive in-wheel motors, as they significantly reduce the weight of battery-electric vehicles (BEVs), while crawling up on vehicle electrification and lightweighting trends. BEV accounted for over 7 in 10 automotive in-wheel motors sold worldwide in 2017, according to the study. A key trend influencing BEV-specific in-wheel motor sales is miniaturization and integration of inverter, which features a compact design.

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Automotive in-wheel motors are likely to remain touted as a sustainable future alternative to propulsion systems used in powertrains. With promising future prospects of BEVs, and palpability of optimized hydrogen fuel cell technologies, certainty spotlights automotive in-wheel motors’ promising prospects in the upcoming years.

Passenger Cars Hold Supremacy in Adoption of Automotive In-Wheel Motors

The study opines that passenger cars will continue to retain their reign in the automotive in-wheel motors market, with approximately 637 thousand units expected to be sold in 2019. Key offerings with affordability, such as improved vehicle dynamics and lower design complexity in power transmission to wheel, continue to drive adoption of automotive in-wheel motors in passenger cars. Passenger cars integrated with in-wheel motors enable enhanced traction control, along with torque vectoring functions devoid of added bill-of-materials.

The automotive in-wheel motors market grows in tandem with penetration of electric vehicles is significantly backed by the regulations on vehicle emission, as nearly 20% of these emissions result directly from fuel evaporation. Contribution of these zero emission vehicles to environment pollution is insignificant, despite their indirect impacts during electricity generation and storage.

Automotive In-Wheel Motors Market: Key Players Introducing Novel Solutions to Clasp Greater Share

Key players in the automotive in-wheel motors market have come up with novel solutions to offset latent challenges faced in terms of deployment, operation, and functionality. Companies such as Protean Electric have claimed to have overcome obstructions related to use of automotive in-wheel motors, such as road shocks and additional mass, along with complexity associated with motor control software.

Protean’s new automotive in-wheel motors make drivetrains highly energy-efficient, while increasing the fuel economy over 30%. On the other hand Nissan has developed automotive in-wheel motors for the working prototype of the company’s futuristic concept car. Companies such as Ziehl-Abegg have introduced automotive in-wheel motors that enable application in fuel-cell, battery-operated, and hybrid commercial electric vehicles.

Permeation of electrification trend in the automotive space shows no signs of abating, with prospects revolving around motor and charging technologies that are becoming more multipurpose and sophisticated. Robust uptake in electric vehicles worldwide has led automotive OEMs to catch up with efforts on the development of second-generation motors, wherein performance, noise, and efficiency are deemed key imperatives. Higher levels of auto parts integration, and sturdy, compact packaging of powertrain components are some of the imminent developments in the automotive in-wheel motors market.

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As benefits of automotive in-wheel motors continue to outweigh challenges faced in their deployment and functionalities, along with efforts toward offsetting the latter, industry leaders have directed their focus on R&D activities. These researches are primary aimed at design developments to impart mechanical, electrical, and thermal stress resistance to the automotive in-wheel motors during their operation.

This FMI study also offers forecast on the automotive in-wheel motors market for the period between 2018 and 2027. The automotive in-wheel motors market will record a staggering CAGR of over 35% through 2027.

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Key Questions Answered in the Report

How has the automotive In-Wheel motors market evolved over the past four years?
What shape is the automotive In-Wheel motors market expected to take in terms of volume and value during the study period?
What are some of the prevailing market dynamics in the automotive In-Wheel motors market?
What are the competition developments and trends in the automotive In-Wheel motors market?
What are some of the underlying macro-economic and industry factors impacting the growth of the automotive In-Wheel motors market?
What are the important key challenges, opportunities and improvement factors for automotive In-Wheel motors market players?
What are the important market positioning and key strategies of key manufacturers as per the automotive In-Wheel motors market taxonomy?
How is the competition structured at present? How has it evolved in the automotive In-Wheel motors market over the past few years?

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Polypropylene Yarn Market is projected to exhibit a CAGR of 5% over the forecast period, Exclusive Report By Future Market Insights

Polypropylene yarn is witnessing high demand from textile industries, since it is used for the manufacturing of carpets, socks, etc. Polypropylene yarn is lightweight and cost-effective, and also provides high strength to the end product. It has a hygienic structure, which does not cause any allergic reactions; it does not hold moisture and water, and it is dirt- and stain-resistant. Polypropylene yarn also has many color variants and is reusable. All these factors favour the use of polypropylene yarn in textile industries. Moreover, shifting focus of manufacturers in some developing regions towards the production of relatively cheap textiles in higher volumes is expected to pave the way for robust sales during the forecast period (2019-2029).

However, polyester and textile industries in East Asia are under constant pressure due to the coronavirus pandemic. Akin to the SARS outbreak of 2003, demand for polypropylene yarn is likely to drop as industrial operations halt. Governments have restricted transportation amidst the lockdown, leading to logistical issues in the region. Further transmission of the coronavirus would stretch the transport paralysis, leading to a marked production decline of polypropylene yarn. In addition, the export of finished textile products and apparels is expected to drop too.

The global polypropylene yarn market was valued at nearly US$ 14 Bn in 2018, and is projected to exhibit a CAGR of 5% over the forecast period.

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“Polypropylene yarn is used in concrete mix designs for rigid pavement and self-compacting concrete. It is also used as a reinforcing agent, which is mixed with concrete to decrease shrinkage and control cracking in the construction industry. These factors are expected to drive the demand for polypropylene yarn from the construction industry and for other refractory applications.”

Key Takeaways from Global Polypropylene Yarn Market Study

Polypropylene multifilament yarn is likely to be sought-after in the future, owing to its growing application in textile industries.
In terms of consumption, Europe and the U.S. are the most prominent regions. Countries such as Belgium, the Netherlands, Spain, Germany, France, and Italy are the prime consumers of synthetic yarn (PP yarn), where Belgium and the Netherlands (BENELUX) are prime importers of synthetic yarns (PP yarn).
Growing apparel industries across the world is expected to increase the demand for polypropylene yarn. Increasing demand for sportswear, blazers, etc., is also surging the demand for fine polypropylene yarn, as it is largely consumed in their production.
Easy availability of raw wool in countries such as Australia and New Zealand, is driving polypropylene yarn production in this region. These countries produce various types of polypropylene yarn, such as Merion wool, Shetland wool, etc., in high volumes.
Governments are taking initiatives for promoting the production of polypropylene yarn. For instance, the Indian Government is working to persuade growers to focus on wool production rather than meat production. Production in such countries is further backed by economical labour availability. Hence, a considerable amount of polypropylene yarn is produced in India, and is exported to international markets.

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Competitive Landscape

Global players such as SWM, Industrial Ponsa, Thrace group, Bonar Yarns, Lankhorst Yarns, William Barnet & Son, LLC, and Daman Polythread Ltd. have invested strategically in the polypropylene yarn market in the recent past, which suggests that, major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming future. Research & development, coupled with expansion of production capacity and footprint, remains the key strategy of polypropylene yarn manufacturers to enhance productivity and capture new market opportunities.

East Asia to Offer Lucrative Growth Opportunities

East Asia is anticipated to hold a prominent share in the global polypropylene yarn market, owing to the increasing textile industries in the region. Another key factor driving the growth of the polypropylene yarn market in East Asia is the focus of manufacturers on the customization of products as per specific applications. Polypropylene yarn is also prominently used in the production of apparel such sportswear, thermal wear, and active wear, which is further bolstering its sales in the region.

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Looking for More Information?

The market report on polypropylene yarn published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2014-2018 and forecast statistics for 2019-2029. The study offers insightful information on the global polypropylene yarn market based on various categories – product type (PP multifilament and PP monofilament), and application (construction materials, sports accessories & ancillaries, industrial textiles, home textiles, and others), across seven regions. This study highlights key market players that are well-known vendors and have proven themselves as major shareholders in the global polypropylene yarn market. Some of the main market players included in the report are SWM, Industrial Ponsa, Thrace group, Bonar Yarns, and Lankhorst Yarns, among others.

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Oxalic Acid Market is expected to reach the valuation of US$ 1.1 Bn by 2029, Analysis By Future Market Insights

Oxalic acid serves almost all major end-use industries, including water treatment chemicals, petrochemicals, pharmaceuticals, and others. According to a recent Future Market Insights (FMI) study, the global oxalic acid is expected to reach the valuation of US$ 1.1 Bn by 2029.

The industrial sector in Asia Pacific is growing at a substantial rate, thereby increasing the demand for oxalic acid in the region. Moreover, increasing concerns related to water treatment are expected to fuel the growth of the global oxalic acid in the foreseeable future.

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The Potential Impact of COVID-19

The novel coronavirus outbreak has been sweeping across regions and the global economic order. In line with this, the oxalic acid market is expected to witness dip in value creation due to price volatility, short-term market uncertainties, and decreasing adoption in majority of key application areas. Travel restrictions imposed by governments worldwide will hamper the market growth, especially business activities that require face-to-face meetings. Furthermore, logistical hurdles will remain a challenge, considering short-term growth projection of the market.

“The global healthcare landscape is changing rapidly, and people are spending more on their health-related needs. Factors such as changing lifestyles, food habits, sleeping habits, etc., are contributing to this change. With people getting more health conscious, the demand for pharmaceuticals is increasing across the globe, in turn, leading to the high consumption of oxalic acid.”

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Key Takeaways of Oxalic Acid Market Study

Increasing concerns regarding the need for sterilization of pharmaceutical equipment is expected to propel the demand for technical/pharma grade oxalic acid over the forecast period. Standard grade holds a prominent share of the oxalic acid market; however, this share is expected to decline over the forecast period.
The market in Asia Pacific is significantly diverse in terms of customer base, innovations, and geopolitical conditions, as well as regulatory scenario. The GDP of this region is expected to witness significant growth in the foreseeable future, and this is expected to propel the growth of the oxalic acid market.
The oxalic acid market in Asia Pacific, including China, India, and Indonesia, is expected to gain traction in the foreseeable future, attributable to growing industrial activities and urbanization in the region.

Market Landscape: Fairly Fragmented

The global oxalic acid market is fairly fragmented, owing to a number of players holding small shares in the market space. The top ten established players account for more than half of the total supply. Manufacturers are focusing on strengthening their partnerships with end users and government entities. Key players such as Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Shijiazhuang Taihe Chemical Co., Ltd., Spectrum Chemical Manufacturing Corp., Shandong Fengyuan Chemical Co., Ltd., Penta s.r.o., and others, are also focusing on marking their direct presence in local markets.

What Does the Future Hold?

The global oxalic acid market is expected to grow at a moderate rate over the forecast period, on account of its increasing demand in the petrochemical industry in developing countries. Moreover, increasing awareness about the sterilization of medical equipment, in both, developed and developing countries, is further expected to fuel the growth in the market. Increasing awareness in these countries will help increase the adoption of the product in the foreseeable future.

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Want to Know More?

Future Market Insights has published a market research report on the oxalic acid market that contains global industry analysis of 2014-2018 and opportunity assessment for 2019–2029. The report provides insightful analysis of the oxalic acid market through four different segments – grade, application, end use, and region. The oxalic acid market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

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Sulfur Hexafluoride Market is projected to expand at the rate of approximately 5.8% CAGR over the forecast period 2019-2029

The global sulfur hexafluoride market is poised for promising growth at a projected CAGR of approximately 5.8% during the course of forecast period (2019-2029). Favourable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulfur hexafluoride market.

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Key Takeaways of Sulfur Hexafluoride Market Study

Role of sulfur hexafluoride in developing electronic circuits is the growth engine of the market.
Chemical inertness, non-toxicity, high density, and high dielectric strength are highly sought-after attributes of sulfur hexafluoride.
Electronic grade sulfur hexafluoride contributes substantially to the overall demand.
Asia Pacific carves out approximately 45.8% revenue share in the global sulfur hexafluoride market.
Europe will exhibit relatively sluggish market growth owing to stringent government regulations.

Key players must adopt multipronged strategies such as joint ventures and product development for competitive leadership. These strategies are fundamental to fortifying their foothold in the global sulfur hexafluoride market.

sulfur hexafluoride market value in key countries

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Asia Pacific Accounts for 45.8% Share in Sulfur Hexafluoride Market

On account of enormous regional population, power and energy demand is soaring in Asia Pacific. Being a leading end-use application of sulfur hexafluoride, power & energy generation industry is supporting the growth of regional market. Hence, Asia Pacific sulfur hexafluoride market garnered approximately 45.8% market share in 2018.

The sulfur hexafluoride market is Europe will relatively be slow during the forecast period owing to environmental implications associated with the product. Moreover, stricter norms set down by governing bodies are limiting the sulfur hexafluoride market growth in the region. However, improved sustainable practices in certain domestic markets such as the United States will contribute to steady market growth in the country.

Sustainable Practices Remain Key Agenda of Industry Leaders

Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.

The global sulfur hexafluoride market is fragmented in nature. Reusing sulfur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulfur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global sulfur hexafluoride market. The major categories encompassed by the report include grade (technical, electronic), application (electrical transmission and distribution, semiconductor manufacturing) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

For detailed insights on how the market will progress over the stipulated timeframe, write to the analyst at press@futuremarketinsights.com

Watertight Doors Market worth will reach US$ 311 Mn in 2021

Watertight doors market witnessed sales of nearly 77,570 units by 2021 and is poised to register year on year growth of 6.7% in 2021. As per a study by Future Market Insights (FMI), buoyancy of the global watertight doors market can be attributed to-

Optimistic outlook of coastal and marine tourism
Surging rate of ocean-based activities
Rising focus on ship repair and maintenance
Flourishing seaborne transportation and trade

The watertight doors market worth will reach US$ 311 Mn in 2021, as per Future Market Insights (FMI) analysis. FMI projects sales of watertight doors to rise at a compound annual growth rate (CAGR) of 6.3% between 2021 and 2031.

The market exhibited a CAGR of 2.9% between 2016 and 2020. Despite impeded growth amid COVID-19 outbreak, the watertight doors market exhibited 6.7% year-on-year growth between 2020 and 2021.

Amid soaring competition, the top five players comprising, MML Marine Limited, REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o., AdvanTec Marine, Westmoor Engineering Ltd., SeaNetGroup are expected to account for 10% of watertight doors market in 2021.

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Federal initiatives to promote marine safety have worked in favour of high-scale production of marine components, such as watertight doors. For instance, the Government of Canada is introducing additional measures for enhancement of navigation safety and emergency response in the Canadian waters.

The measures were presented in the form of an official announcement and acknowledged as a part of Canada’s ‘Oceans Protection Plan’. On 14^th June 2018, the U.S. Coast Guard announced two workforce initiatives in line with the ‘Marine Safety Program’. Particulars as such provide enough credence to the promising outlook of watertight doors market in 2019 and beyond.

“Investments in various forms of sustainable tourism, including coastal and marine tourism, is underway. This, in turn, has resulted in augmented production of marine vessels and associated components for safety, such as watertight doors. Rising vigor of ocean-based industries, such as offshore exploration and production, is supporting growth of offshore marine vessels and related components, including watertight doors”, says an analyst at FMI.

The report opines cruise ship revitalization and overhauls to be a prominent trend with profound influences on sales of watertight doors. The increasing demand for upgrading older ships by including advanced amenities and components is complementing the growth of building and repair activities, favouring high-scale production and sales of watertight doors.

As per the report, installation of hinged watertight doors is proliferating at an impressive rate, with global sales likely to cross 71,000 units in 2019. Robust watertight seal withstanding adverse conditions remains a key USP enhancing the visibility of hinged watertight doors over the sliding variants.

According to the report, end-users remain biased toward hydraulic as a viable source over electric ones in the watertight doors landscape, with global sales estimated to exceed 71,348 units in 2019. Hydraulic watertight doors have been traditionally employed in commercial and military vessels alike, owing to their attribute of greater power delivery through smaller force. Additionally, relatively higher control accuracy in light of simple push buttons and levers employed, and economic benefits owing to fewer moving parts equipped, are key demand determinants of hydraulic watertight doors.

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Manufacturers Seek Approvals From Renowned Organizations To Boost Credibility

The manufacturing framework of watertight doors witnesses major reformations in the light of evolving environmental concerns. Manufacturing companies are switching to sustainability-driven approaches, wherein production processes and value creation for the environment remain closely associated. Manufacturers of watertight doors are seeking approvals from prominent organizations providing marine classification, such as International Association of Classification Societies (IACS), to boost consumer confidence and get repeat sales

Leading manufacturers of watertight doors are vying to offer distinguishable products to gain competitive advantages amid homogeneous competitors, which will help them strengthen their brand equity. Sensing the end-user shift toward high convenience and superior functionality, manufacturers of watertight doors remain focused on offering maintenance free and easy-to-install products for seamless operations on board.

According to the report, the leading manufacturing companies are reinvigorating their technical know-how with high investments in research and development. This, in turn, is fostering their capabilities in terms of offering an ideal amalgamation of intelligent designs, enhanced longevity, and improved usability. Moreover, manufacturers are incorporating industry best drive systems in their products to offer reliable and safe products bolstering end-user convenience. As per FMI analysis, the industry giants remain involved in strategic collaborations with shipyards for seamless supply, which helps them boost their profit margins.

Watertight Doors Market: Segmentation

Product Type:

Hinged Watertight Doors
Sliding Watertight Doors

By Source:

Hydraulic Watertight Doors
Electric Watertight Doors

By Type of Vessel:

Commercial
Oil & Chemical Tankers
Bulk Carriers
General Cargo
Container Ships
Gas Carriers
Offshore Vessels
Passenger Ships & Ferries
Mega Yachts and Other Vessels
Military

By Region:

America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)

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The FMI report traces brimming opportunities in the watertight doors market for the forecast period of 2021-2031. As per the report, the watertight doors market is envisaged to grow at a volume CAGR of over 5.5% through 2031.

Key Points Covered in Watertight Doors Market Research

Market Estimates And Forecast 2021 – 2031
Key drivers and restraints impacting the market growth
Segment wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand share and Market share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on watertight doors Market And How to Navigate
Recommendations on Key Winning Strategies

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