Duckweed Market Current Scenario Key Trends, Profitability by Market Segments Analysis and Regional Forecast to 2027

Duckweed is a species of plant with small round leaves floating on the surface of the water.  It has a high growth in nutrient-rich water and is commonly present in garden ponds.

Since duckweed is a plant based platform and it does not support the growth of bacteria, viruses or prions, so it provides a high degree of safety from product contamination relative to the animal based platform. Duckweed is also edible by humans and other animal species such as chickens and pigs.

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Duckweed Market Drivers and Trends:

One of the biggest driver for Duckweed market is its use in animal feed industry, aquaculture, as well as emerging food product for humans. It is a high protein food with protein percentage ranges from 25%-45%, which is considered better than that from Soybean meal with 36% protein content. Under suitable conditions it grows more than double in 36 hours making it ideal for quick reproduction to cater to potential demand.

Duckweed grows on the surface of water covering the entire area which prevents sunlight and oxygen supply on one hand, and simultaneously saves excess water from evaporation. Duckweed also acts as a cost effective renewable energy since it’s a bio fuel and so is very useful for industries. Some of the key properties include food product, animal and aquatic feed, waste water treatment, fertilizers, medicinal properties, mosquito repellent, removal of heavy metals from water among others. Duckweed tends to become an alternative to industrial corns and other similar food items, as it is used as a food for ruminants.

Duckweed Market Segmentation:

The duckweed market is segmented on the basis of form, end use, application, and product type.

On the basis of form, the duckweed market is segmented into powder, oil, and paste. On the basis of end use, the duckweed market is segmented into the household, HoReCa, Food and beverages, Aquaculture industry, the pharmaceutical industry, and other industries.

On the basis of application, the duckweed market is segmented into food, animal and aquatic feed, dietary/health supplement, biofertilizer, biofuel, water treatment, etc. On the basis of product type, the duckweed market is segmented into little duckweed (Lemna minor), Thick duckweed (Lemna Gibbs), Cross duckweed (Lemna Priscila) and Great duckweed (Lemna polyuria). Each of these types possesses different biological features which further decide the usage of the type.

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Duckweed Market Regional Outlook:

The regional segment for the market of duckweed is divided into seven different regions: Western Europe, North America, Eastern Europe, Latin America, APEJ, Middle East & Africa and Japan. Duckweed is native to most of the regions of Africa, Asia, North America and Europe, and so its usage in these regions is on the peak. There is heavy usage of duckweed in Asia Pacific, it has been mainly used for animal feeding and human consumption.

In developed regions, duckweed is utilized for wastewater treatment, as it is a cheaper technique than traditional. Countries such as the US are pursuing their scientific researches to determine if duckweed can be used as a source of economic, clean renewable energy and thus trying to lift duckweed market.

Duckweed Market Key Players:

Some of the key player in the Duckweed market includes Parabel, Green Orchid Nursery & Garden Center, Australlian Aquatic Solutions, etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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.

Report Highlights:

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

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Automotive Window Regulator Market Key Insights, Profiling Companies and Growth Strategies by 2031

As per Future Market Insights (FMI) analysis, the automotive window regulator market is projected to be valued at ~US$ 13.7 Bn in 2021, expanding at a CAGR of ~4.5% over the forecast period of 2021-2031.

Windows are a safety feature in vehicles and the rising demand for advanced automotive electronic components to ascertain enhanced safety of passengers is expected to be the key factor driving the automotive window regulator market throughout the forecast period.

The ongoing crisis caused by COVID-19 pandemic had a severe impact on the global economy. It resulted in complete shutdown of supply chain networks and manufacturing facilities around the world.

Subsequently lockdown restrictions imposed during the pandemic affected the automotive window regulator market, causing a significant slump in the growth. However, automotive window regulator market is expected to recover as economic activities resume post the containment of pandemic.

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Key Takeaways of Automotive Window Regulator Market Study

  1. Passenger cars are expected to account for nearly 80% sales in automotive window regulator market.
  2. On the basis of product type, demand in the automated segment is estimated pick up pace and account for 87% of sales in 2021.
  3. East Asia will emerge as a highly lucrative market. China is expected to be at the forefront, driving sales of automotive window regulators in East Asia.
  4. The presence of some of the leading automakers positions Germany as a highly attractive market within Europe.
  5. Consistently surging passenger vehicle production will enable growth in the U.S.

 “Due to frequent use of window regulators in cars, trucks, and industrial vehicles, it has become very important for manufacturers to make high quality window regulators that offer both longevity and reliability. Geographical expansion, partnerships & collaborations and development of innovative technologies are some of the popular growth strategies adopted by market players,” says a Future Market Insights analyst.

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Automotive Window Regulator Market by Category

Product Type:

  • Manual
  • Automated

Construction Type:

  • Cable Type
    • Single Rail
    • Double Rail
  • Arm Type
    • Single Arm
    • X Arm

Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Sales Channel:

  • OEM
  • Aftermarket

Region:

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

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Competitive Landscape

The automotive window regulator market is moderately fragmented, in which the leading players account for nearly half of the market share. The penetration of smaller regional players makes this market more competitive.

Some of the key players in the market are Brose Fahrzeugteile GmbH & CO. Kg, Group Antolin- Irausa SA, Hi- Lex Corporation, Imasen Electric Industrial Co. Ltd., Valeo SA, Magna International, Shiroki Corporation, Robert Bosch GmbH, Continental AG, Kongsberg Automotive, Castellon Automotive, Inteva Products, Johnan Manufacturing, IFB Automotive Pvt Ltd., Tokai Rika and others.

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Briquetting Press Market Strategies Being Used By Major Players And The Product Portfolio Offered

briquetting press is generally of three types- mechanical, screw, and hydraulic. A mechanical briquetting press is used more often in industries due to its higher performance, stability, and lower maintenance. It is used to create briquettes of different shapes and sizes using a stamping operation.

Screw briquetting press creates molds of briquettes with the help of a screw rod and a sleeve. This type of briquetting press is less expansive and easy to operate. A hydraulic briquetting press uses hydraulic force to form briquettes. It is used when a limited number of briquettes are required with high quality.

Furthermore, different types of materials are used as feeding materials in briquetting presses such as metals, wood, paper, plastics, biomass, etc. Briquettes of different materials have different applications and are used for residential, commercial, and industrial purposes.

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Briquetting Press Market: Dynamics

A briquetting press is used to form briquettes from different types of materials. These are directly used in the boilers of sugar mills, paper mills, dyeing houses, leather and oil extraction plants, etc. They can also be used in furnace & foundries for heating & melting metal, brick kilns, as well as for residential & commercial heating purposes. Biomass briquettes are an eco-friendly and renewable power source and used as a fuel for many industrial purposes. The rising demand for briquettes from different end-use industries and sectors is projected to push the growth of the briquetting press market over the forecast period.b

Additionally, government regulations and support for the use of renewable energy sources and advantages of biomass briquettes over other fuels is increasing the demand for biomass briquettes in various end-use industries. This factor is expected to significantly drive the biomass briquetting press market.

However, low maintenance and long life span of briquetting press lead to a low substitution rate. Additionally, hydraulic and screw briquetting presses require high maintenance and initial investment to setup a briquetting plant. This factor is anticipated to hamper the growth of the briquetting press market over the forecast period.

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Briquetting Press Market: Regional Outlook

The Asia Pacific region is projected to be a prominent region in the briquetting press market owing to the increasing demand from manufacturing industries for metal briquetting presses and biomass briquettes. Countries such as China, India, and Japan are expected to have significant growth in the briquetting press market due to the government initiatives for the use of renewable energy sources in the region. The increasing government regulations related to waste management and renewable energy sources such as biomass briquettes, in Europe, are projected to create demand for new briquetting presses in the region over the forecast period.

North America is expected to have significant growth in the briquetting press market owing to the growing production and consumption of biomass briquettes and the increasing demand for metal briquetting presses in different manufacturing and metal processing industries. Middle East & Africa and Latin America regions are anticipated to have promising growth in the briquetting press market over the forecast period.

Briquetting Press Market: Market Participants

Some of the market participants in the global briquetting press market are:

  • WEIMA Maschinenbau GmbH
  • Metso Corporation
  • Ruf GmbH & Co. KG
  • Advance Hydrau-Tech Pvt. Ltd.
  • MA.FER MACCHINE Srl
  • F. Nielsen
  • PRODECO S.r.l.
  • IMABE Iberica, S.A.
  • Jay Khodiyar Group
  • Ronak Agrotech Engineering Pvt. Ltd.
  • Radhe Industrial Corporation
  • SMS group GmbH
  • LEHRA FUEL TECH PVT LTD
  • Fote Heavy Machinery Co., Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaustive analysis on:

  • Briquetting Press Market Segments
  • Briquetting Press Market Dynamics
  • Briquetting Press Market Size
  • Briquetting Press Supply & Demand
  • Briquetting Press Current Trends/Issues/Challenges
  • Briquetting Press Competition & Companies involved
  • Briquetting Press Technology
  • Briquetting Press Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia, & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an 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.

Briquetting Press Market: Segmentation

The briquetting press market can be segmented into product type, mode of operation, power supply, feeding material, end use, and region.

On the basis of product type, the global briquetting press market is segmented into:

  • Mechanical Briquetting Press
  • Screw Briquetting Press
  • Hydraulic Briquetting Press

On the basis of mode of operation, the global briquetting press market is segmented into:

  • Automatic
  • Semi-automatic
  • Manual

On the basis of power source, the global briquetting press market is segmented into:

  • Electric
  • Fuel

On the basis of feeding materials, the global briquetting press market is segmented into:

  • Metals
  • Wood
  • Biomass
  • Plastics
  • Paper

On the basis of end use, the global briquetting press market is segmented into:

  • Residential
  • Commercial
  • Industrial

About Future Market Insights (FMI)

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

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Residential Solar PV Inverter Market Analysis, Share & Top Players: ABB Ltd, Schneider Electric SE, Siemens AG

According to the residential solar PV inverter market survey by Future Market Insights (FMI), the residential solar PV inverter market is anticipated to register a CAGR of 3.8% during the forecast period 2022-2032.

The residential solar PV inverter market outlook will be bolstered by ongoing technological advancements, changing regulatory and consumer proximity, and the deployment of efficient inverter units. As per the residential solar PV inverter market study, the growth of the residential solar PV inverter market is likely to be fueled by the increased deployment of solar PV modules to enhance the microgrid network.

The study also finds that the replacement of traditional storage technology and changes to existing techniques and cost-competitiveness will positively impact industry dynamics of residential solar PV inverter market trends. In addition, sales of residential solar PV inverters spike due to the widespread adoption of renewable energy sources in the housing sector and the rise of net-metering schemes.

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The residential solar PV inverter market future trends will be swayed by a paradigm shift toward adequate manufacturing precision, new product innovations, optimization, and standardized production processes for environmental compatibility, power output, and low installation costs.

Furthermore, smart communication will encourage the adoption of residential solar PV inverters by ensuring network reliability and balancing electricity demand and supply. The ability of these inverters to generate grid-matching power (AC) directly through the back of each solar panel will influence the demand for residential solar PV inverters.

The parallel connection of these systems across the PV module reduces panel and inverter failure, further preventing the string from going offline, thereby positively impacting the residential solar PV inverters adoption trends.

A wide array of residential solar PV inverters market opportunities opens up as string-based residential solar PV inverter deployments will be aided by rising regulatory concerns about effective interconnection to grid-tied solar installations. The residential solar PV inverters market size is likely to be worth US$ 4.8 Bn in 2026.

Key Takeaways:

  • Microinverter technology will grow in popularity in the residential solar PV inverter market due to its ability to operate as a plug-and-play device across solar arrays.
  • By 2028, the single-phase residential solar PV inverters market is expected to exceed USD 5 Bn due to high operational feasibility and lower solar component costs.
  • Central inverters are highly efficient and compatible with various grid features such as fluctuation management balancing and hence are expected to witness the fastest growth rate.
  • By 2028, the Asia Pacific residential solar PV inverter industry is expected to have installed over 20 GW per year.

“The Asia-Pacific region dominates the residential solar PV inverter market, and this trend is expected to continue in the coming years. The majority of the demand is expected to come from China, also the world’s largest solar energy producer. Product penetration in the region will be driven by favourable reforms such as FITs, soft loans, incentives, subsidies, and tax rebates, etc.” opines an FMI researcher.

Competitive Landscape:

The key player’s residential solar PV inverter market share will be bolstered by inorganic growth ventures, contracts, and new product innovations to expand the product portfolios of leading players.

SMA Solar Technology AG, Darfon Electronics Corp., General Electric, Schneider Electric, Enphase Energy, Sungrow, Siemens, Eaton, SolarEdge Technologies, Fimer Group, Huawei Technologies, Delta Electronics, Altenergy Power System, Hitachi Hi-Rel Power Electronics Private Limited and Fronius International GmbH are some of the major players in the residential solar PV inverter market.

Recent Developments in the Residential Solar PV Inverter Market are:

  • The centralised inverters (model SG3125HV) and string inverters were introduced by Sungrow Power Supply Co. Ltd. (domestic model SG225HX; international model SG250HX). The 210 ultra-high-power modules are fully compatible with the newly launched investors.
  • Tesla has announced the release of its own solar inverter. The Tesla solar inverter comes in two sizes: 3.8 kW and 7.6 kW, with two and four maximum power point trackers, respectively (MPPTs).

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Key Segments

By Type:

  • String Inverter
  • Micro-Inverter

By Application:

  • Single Phase
  • Three Phase

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

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

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Car Battery Chargers Market Competitor Analysis, Winning Strategies and Growth Drivers 2027

FMI delivers key insights on the global car battery chargers market in its latest report titled “Car Battery Chargers Market: Global Industry Analysis and Opportunity Assessment 2017-2027”. The long-term outlook of the global car battery chargers market remains positive with the market value expected to increase at a CAGR of 7.1% during the forecast period (2017-2027). Among the charging type segments, the automatic charging segment in the car battery chargers market is expected to expand at a CAGR of more than 7% in terms of value over the forecast period. The global car battery chargers market for smart chargers is estimated to reach more than US$ 900 Mn by the end of 2027. North America accounted for a value share of 25% in the global car battery chargers market by the end of 2017, and is expected to dominate the market during the forecast period as well. In this report, FMI throws light on the drivers and restraints likely to impact the car battery chargers market during this period.

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Government Incentives and Rising Demand for Electric Vehicles are expected to drive the Market for Car Battery Chargers

The high purchasing power of customers has boosted the growth of conventional vehicles on road. Governments of several countries have taken initiatives to bring down pollution levels by implementing rules on the usage of conventional vehicles and increasing the taxes associated with it. Government agencies are also leveraging on the rise of hybrid and electric vehicles by offering attractive incentives and subsidies to the owners of such vehicles. In China, the government offers a subsidy of US$ 6,750 to US$ 14,000 to customers, depending on the size of the battery pack, to every purchase of an electric or hybrid vehicle. Major cities such as Beijing and Shanghai offer free registration plates to the customers of electric vehicles. In the United States, the government has allocated grants of about US$ 2.4 Billion for the development of electric vehicles and high density batteries. The government has also granted incentives to the customers of electric vehicles in the form of tax credits, amounting to a maximum of US$ 7,500 based on the type of battery the electric vehicle uses.

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Segmentation Analysis of the Car Battery Chargers Market

The car battery chargers market has been segmented on the basis of charging type, charger type, portability, battery capacity, product type, and application.

  • Portable car battery chargers are expected to be the most prominent segment in terms of volume and value over the forecast period. The portable car battery chargers segment of the car battery chargers market is estimated to grow at a CAGR of 6.9% in terms of value over the forecast period. It is expected to represent a total incremental opportunity of US$ 1 Bn between 2017 and 2027 in the car battery chargers market. Plug-in car battery chargers are projected to grow at a relatively high CAGR as compared to portable car battery chargers over the forecast period
  • Personal use is projected to be the most prominent application in the car battery chargers market. The personal use segment in the car battery chargers market is estimated to grow at a significant CAGR in terms of value over the forecast period
  • The 12V-48V segment is the most prominent battery capacity segment in the car battery chargers market. It is estimated to hold more than 75% of the car battery chargers market throughout the forecast period
  • The automatic charging type segment is estimated to lead the market for car battery chargers during the forecast period

Regional Market Projections for the Car Battery Chargers Market

The car battery chargers market in North America is expected to represent a significantly high incremental opportunity between 2017 and 2027. The North America car battery chargers market is expected to represent a total incremental opportunity of US$ 264.7 Bn between 2017 and 2027.

Key Segments Covered in Car Battery Chargers Market Report:

On the basis of charging type, the car battery chargers market can be segmented into:

  • Manual Charging
  • Automatic Charging

On the basis of charger type, the car battery chargers market can be segmented into:

  • Smart/Intelligent Charger
  • Float Charger
  • Trickle Charger

On the basis of portability, the car battery chargers market can be segmented into:

  • Plug-In Charger
  • Portable Charger

On the basis of battery capacity, the car battery chargers market can be segmented into:

  • Up to 12V
  • 12V-48V
  • Above 48V

On the basis of product type, the car battery chargers market can be segmented into:

  • Car Battery Charger
  • Electric Car Battery Charger

On the basis of application, the car battery chargers market can be segmented into:

  • Garage
  • Personal Use

On the basis of region, the car battery chargers market can be segmented into:

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

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Car Battery Chargers Market: Market Participants

This report highlights some of the top companies operating in the car battery chargers market, which include CTEK Holding AB, Delphi Automotive, Schumacher Electric Corporation, Clore Automotive LLC, Baccus Global LLC, Robert Bosch GmbH, Current Ways Inc., Aero Vironment, Inc., IES Synergy, and Charge master Plc.

Additional Questions Answered

The report also provides answers to other important questions related to the car battery chargers market, such as,

  • Why is the sales of automatic car battery chargers outpacing that of manual car battery chargers?
  • How many units of smart car battery chargers will be sold by 2027-end?
  • Which battery capacity will hold the largest volume share in the car battery chargers market?
  • At what rate is the sales of electric car battery chargers expected to grow during the forecast period?
  • What will be the growth rate of the car battery chargers market in North America?

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About Future Market Insights (FMI) 

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

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Lemongrass Oil Market Size, Profitability by Market Segments, Latest Trends, Regional Insights and Global Industry Dynamics by 2026

The Lemongrass oil is obtained by extraction of the stalks of the Lemongrass (Cymbopogon) herb. Lemongrass shrubs/plant mainly grows in Asia and cannot be available as fresh throughout the year, but now a days lemongrass oil and lemongrass extract or dehydrated forms are commonly used.

According to the discovery health, lemongrass oil is one of the bestselling oil in the world which is used by the culinary artist because of its fresh and enjoyable scent. Traditionally, lemongrass parts as well as its oil have been used as a remedy for various health issues such as, digestive disturbances, behavioral problems, circulatory issues, etc. It is also known as fever grass due to its ability to bring down a fever.

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Lemongrass oil is useful in prevention of growth of some yeast and bacteria, and has antioxidant/ antibacterial properties and an important vitamins such as vitamin A, B2, B3, B6, B5, B1, folate and vitamin C and also provides essential minerals such as copper, calcium, phosphorous, zinc, manganese, iron and magnesium. Due to all these numerous benefits of lemongrass oil market is in high demand. Lemongrass thrives in tropical and subtropical regions, such as India, Malaysia, Sri Lanka, China, Cambodia, and Guatemala.

Lemongrass Oil Market: Key Trends

The study provides a critical assessment of various key industry trends, market dynamics shaping consumption patterns, factors influencing demand across application areas, and overall competitive dynamics. The study strives to provide a compelling insight into the key investment paths across various end-use applications, as well as the share and magnitude of the various key trends.
The growing demand for lemongrass is fuelled by its therapeutic benefits, such as its antifungal, antiseptic, and anti-inflammatory properties. Growing awareness of the therapeutic benefits of essential oils has fuelled the use of lemongrass for commercial use in the personal care and food industries.

Asian nations have seen a surge in commercial lemongrass production. The increasing use of lemongrass oil in aromatherapy is a major trend driving lemongrass oil production.
The growing popularity of aromatherapy for therapeutic purposes is also improving prospects in the lemongrass market.

Lemongrass Oil: Segmentation

Lemongrass oil market is segmented on the basis of the application, grade and regions. On the basis of lemongrass oil application market is segmented as pharmaceutical, cosmetics & personal care, and food and beverages. As Lemongrass oil possess high medicinal value and used in various treatments since history market demand in pharmaceutical segment is significantly high. On the basis of lemongrass oil application in cosmetic & personal care products, the product is used in soaps, deodorants, shampoos, conditioner, body lotion, air freshener and tonics.

Its essential vitamin contents as well as skin healing properties are driving lemongrass oil market demand in personal care market segment. Lemongrass oil popularity as fragrance and taste, its demand in food and beverage market segment has grown over the time. It is used in various culinary delights, added to ready-made curries, paired with beef, fish, poultry and seafood’s, it is also used for flavoring tea and soups.

Lemongrass oil market is further segmented on the basis of grades as food grade and therapeutic grade. Food grade is basically for food and beverage purpose and therapeutic grade is for pharmaceutical as well as personal care uses. Lemongrass oil market is later segmented on the basis of regions, as North America North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa.

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Lemongrass Oil: Region wise outlook

Latin America and Europe are leading regional markets importing lemongrass oil. However, being origin region of lemongrass oil, Asia Pacific market leading exporter market for lemongrass oil, India and China are major producer markets.

Asia pacific and Europe markets are expected to witness higher growth in forecast period. In Asian countries such as, Thailand, Malaysia, Cambodia, Vietnam and Indonesia, lemongrass oil is a popular ingredient in many culinary delights.

The market demand of lemongrass oil is increasing its popularity in flavoring Asian cooking too. Lemongrass oil is gaining popularity from health conscious consumers from Latin America, which is driving market growth in the region.

Lemongrass Oil: Key players

Some of the key participating players in Lemongrass oil market globally are:

  • The Leburmuth Company
  • Essential Oils of New Zealand
  • Young Living Essential Oils
  • doTerra
  • Sydella Laboratoire
  • West India Spices Inc
  • Falcon
  • Rajkeerth Aromatics
  • Reho natural ingredients etc. among the others.

Lemongrass Oil Market Segments

  • Lemongrass Oil Market Dynamics
  • Lemongrass Oil Actual Market Size, 2014 – 2015
  • Lemongrass Oil Size & Forecast 2016 to 2026
  • Lemongrass Oil Supply & Demand Value Chain
  • Lemongrass Oil Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Lemongrass Oil Technology
  • Value Chain
  • Lemongrass Oil Market Drivers and Restraints

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Regional analysis for Lemongrass Oil Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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.

Lemongrass Oil Market

Report Highlights:

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

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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 4-years.

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Agar Market Research Methodology, Profitability by Market Segments By Region and BPS Analysis By Countries-2026

Agar being used as an essential natural ingredient in food and beverages; in technical application; in bacteriological and many other sectors is propelling the demand for agar. Future Market Insights (FMI) estimates global agar volume to surpass 10,968.8 tonnes by 2016 end and represent market value of over US$ 220,838.5.

In global market, the demand for agar is dominated by food and beverage segment which especially includes bakery and dairy products. Companies dealing in agar products are promoting agar as an ingredient which has natural and health benefits. Apart from its wide application in food and beverages industry, its application is also increasing in cosmetics, pharmaceuticals, media culture and medical analytics.

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Food and beverage industry is the largest segment which are preferring agar as a thickener and stabilising agent and is expected to account for over 84.0% value share in 2016. Moreover, food and beverage segment is expected to reach 9,216.8 tonnes in 2016 – an increase of 1.5% over 2015.

The form segment includes strips and powder. With powder segment registering significant revenue generation and estimated to account for 63.5% value share in 2016. FMI estimates global consumption of agar powder to surpass 6,969.7 tonnes by 2016 end, an increase of 1.7% in 2016 over 2015.

In terms of consumption, Western Europe is the largest consumer with the total consumption estimated at 3,012.7 tonnes in 2015. Among all the regions, APEJ is predicted to observe robust growth over forecast period 2016–2026.

Agarmex, New Zealand Manuka Group, Hispanagar, Acroyali Holdings Qingdao Co. Ltd., Industrias Roko, S.A, Neogen, Merck Group, Agarindo Bogatama, Setexam and Norevo Gmbh are the major companies identified across the value chain in the global agar market. Companies are also emphasising on research and development for application of agar in technical applications.

Long-Term outlook: FMI seeks a positive long-term outlook on global agar market and anticipated global value of agar to surpass US$ 357,091.6 by 2026. Volume-wise, the global agar market is estimated to expand at a CAGR of 2.6% through 2026.

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By Application

By Form

  • Food & Beverages
    • Bakery
    • Confectionery
    • Dairy
    • Canned meat/poultry products
    • Beverages
    • Sauces, creams & dressings
    • Dietetic products
    • Others
  • Bacteriological
    • Culture media
    • Microbiology
  • Technical Applications
    • Cosmetology
    • Medical applications
  • Others

By Form

  • Splits
  • Powders

Key Regions/Countries Covered

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

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Animal Feed Additives Market Research by Application Type: Ruminants, Poultry, Swine and Aquatic-2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the animal feed additives market reached US$ 16,364.1 Mn in 2021. With increasing adoption of protein-based animal feed additives, the market is poised to expand at a steady 2.70% CAGR between 2021-2031.

The increasing demand for high-quality and nutritious animal products such as eggs, meat, and milk have underscored the need for a balanced diet in livestock. Driven by this, farmers are heavily investing in animal feed additives to suffice the dietary requirements in livestock, thereby promoting sales in the market.

Moreover, the ever-increasing meat consumption in various countries is generating demand for animal feed additives in animal husbandry and pisciculture.

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To promote better health and productivity in animals, governments in various countries have banned the use of antibiotics in animal feed, which is increasing the adoption of plant-based animal feed additives in the market.

Stringent regulations regarding product labeling are encouraging producers to improve ingredient selection and enhance research and development for launching better products in the market. Increasing awareness regarding a balanced diet in the livestock industry will remain a major factor driving sales in the market.

As per FMI’s regional analysis, the U.S. will dominate the animal feed additives market, owing to the presence of well-established agriculture and livestock industry. Apart from this, the growing population and meat consumption in the country is anticipated to shoulder market growth in the near future.

“Rising meat consumption across the world, coupled with demand for high-quality and nutrient-rich anima-based products, will provide tailwinds to animal feed additives sales growth through 2031,” says the FMI analyst.

Competitive Landscape

Ajinomoto Co., Inc., Akzo Nobel N.V., Alltech Inc., Archer Daniels Midland Company, BASF SE, Biomin GmbH, Cargill Inc., Chr. Hansen Holding A/S, CP Group, E. I. du Pont de Nemours and Company, Evonik Industries AG, Invivo Group, Koninklijke DSM N.V., Kemin Industries, Lallemand Inc., Norel S.A., Novozymes A/S, Nutreco, Phibro Animal Health Corporation, Novus International Inc., Tyson Foods, Inc., and Solvay Group are among the leading players operating in the animal feed additives market.

Top 5 players in the market include BASF SE, EVONIK INDUSTRIES AG, Cargill, Inc., Koninklijke DSM N.V., and Nutreco N.V., accounting for 30-40% of the total market share.

As per FMI’s analysis, key players operating in the market are focusing on mergers and acquisitions as a part of their inorganic growth strategies. Apart from this, production facility expansions and product portfolio advancements are helping players gain a competitive edge in the animal feed additives market. For instance:

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  • In May 2021, Kemin Industries acquired Bio-Cide International Inc., an Oklahoma-based leader in chlorine dioxide-based antimicrobial technology. The acquisition was aimed at strengthening Kemin Industries’ processes to provide food safety in animal feed products.
  • In January 2021, Philbro Animal Health Corporation announced the opening of a new production facility in Omaha, Nebraska. The new production facility will manufacture and supply animal feed additives and mineral premixes to U.S. livestock producers while guaranteeing food safety.

Key Takeaways from Animal Feed Additives Market Analysis

  • Amino acids will emerge as the most preferred product type, owing to their health benefits including improved digestion and gut health.
  • Animal feed additives will be widely adopted in the poultry sector, due to growing demand for eggs and chicken in several countries.
  • Sales of plant-based animal feed additives will gain traction for improving the texture, taste, and odor of animal feed.
  • The U.S. is anticipated to witness high demand for animal feed additives due to expansions in the agriculture and livestock industry.
  • China will exhibit lucrative growth patterns, owing to increasing meat production and consumption in the country.
  • Prevalence of regional and global market players will shape the sales outlook of animal feed additives in Germany.
  • Growing population and shifting consumer preference towards protein-rich diet will foster sales of animal feed additives in India.
  • Japan and South Korea will collectively account for 13% of the total market share.

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More Insights into the Animal Feed Additives Market Report

Animal Feed Additives Market by Category

By Additive Type: 

  • Antibiotics
  • Vitamins
  • Antioxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Additives
  • Minerals

By Application Type:

  • Ruminants
  • Poultry
  • Swine
  • Aquatic

By Source Type:

  • Plant
  • Animal
  • Micro-organisms

By Region: 

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Oceania
  • MEA

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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 9-years.

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Artificial Wood Beams Market Must-Have Information For Market Players To Sustain And Enhance Their Market Footprint

Artificial wood beams, commonly known as faux wood beams are especially used for decorative purpose. Artificial wood beams are luxury grade building material with better quality and overall value, and are widely adopted in residential and commercial sector. In Commercial sector it has a huge application in healthcare, hospitality, retail and offices, and other applications. Its other application include educational institutions, sports complexes, transport infrastructure etcetera.

Artificial wood beam is a trending building material due to the wide range of varieties. Artificial wood beam gives a dippers and an attractive look. Artificial wood beam is widely adopted in the residential sector for interior decoration as it is economical, hygienic, easy to maintain and available in a number of colors and patterns.

Recently, three dimensional printed vinyl artificial wood beam has witnessed major demand. These advancements in technology mean that artificial wood beam can no longer be distinguished from its counterparts.

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Artificial Wood Beams Market: Drivers and Challenges

Further, longer life and better durability of artificial wood beams made of thermosetting materials, such as vinyl and composite, will drive the demand of artificial wood beams in coming years. Also, rising end-users demand, especially in commercial sector such as IT Centers, hospitality and healthcare is expected to drive the market of artificial wood beams during the forecast period.

Furthermore, the rising attraction towards interior decoration- Interior decoration is a worldwide passion with lifestyle trends and needs in areas, such as design, architecture, and technology guiding consumers with contemporary decoration. Moreover, artificial wood beam is inherently waterproof, making it the preferred choice for residential application. Also, artificial wood beam is considered to be a decorative product due to the recent innovations, such as resemblance to petrified wood or other contemporary looks.

Over forecast period artificial wood beams will gain traction owing to increased construction activities and upcoming major projects in developed and developing countries. On account of anticipated housing and infrastructure projects across various parts of the world, the construction industry is anticipated to regain its strength over the coming years. Developed markets are expected to be impacted positively by new environmental standards, while population growth and high urbanization rate will be among the key driving factors for residential and infrastructural development in developing countries. In conclusion, this, in turn, is stipulated to drive the demand artificial wood beams.

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Although artificial wood beam is economical, its transportation cost is higher due to the fact that it is heavy. This is a restraint for the growth of artificial wood beam market.

Artificial Wood Beams Market: Regional Overview

China is expected to dominate the artificial wood beams market owing to increase in construction activities in the country due to urbanization. North America’s artificial wood beams market is estimated has a market and is expected to remain stagnant over the forecast period.Increased inclination towards interior decoration and upcoming printing technologies are among factors expected to drive the demand for artificial wood beams in Western Europe over the forecast period.

Emerging regions, such as South East Asia & Pacific and Middle East & Africa, are estimated to witness significant growth as a result of their improved economic conditions. Increasing investments in tourism is another factor driving the construction industry, which is consecutively driving the market of artificial wood beams. Due to ageing population in Japan, spending on construction or interior decoration is expected to be slow, thus the artificial wood beams market is anticipated witness growth below the industry standard. Latin America is in an introductory phase in the artificial wood beams market.

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Global Artificial Wood Beams Market: Key Players

Artificial Wood Beams market is expected to be highly fragmented market, owing to a vast number of local manufacturers. Examples of some of the market participants in the global Artificial Wood Beams market identified across the value chain include:

  • ELITE DÉCOR INDUSTRIES
  • Faux Wood Beams
  • Foam Tec
  • Foam Factory Inc.
  • Woodport Doors
  • Superior Building Supplies, L.L.C.
  • MTA Caledon Enterprises Inc.
  • Volterra Architectural Products, LLC
  • FYPON LLC

Brief Approach to Research

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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.

Global Artificial Wood Beams: Market Segmentation

On the basis of product type, the global artificial wood beams market has been segmented as:

  • U-shaped Beams
  • Box Beams
  • Arched Beams
  • Decorative Beams
  • Others

On the basis of material type, the global artificial wood beams market has been segmented as:

  • Thermoplastic
  • Thermosetting
  • Others

On the basis of end users, the global artificial wood beams market has been segmented as:

  • Residential
  • Commercial

Report Highlights:

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

About Future Market Insights (FMI)

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

Contact Us:

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PV Inverter Market is Expected to Increase at a CAGR of 5.1% during the Forecast Period of 2022-2032

The global PV Inverter market is poised to grow at a moderate CAGR of over 5.1% during the forecast period of 2022-2032, reaching a value of about US$ 2.15 Bn in 2032 from the US$ 1.28 Bn in 2021.

Solar (PV) inverters are the heart of photovoltaic panels installed for harnessing solar energy by converting direct current (DC) generated into alternating current (AC) for supply. This essential function performed by hybrid solar inverters or PV Inverters made it an indispensable item for the success of renewable energy development. It emerged as a growing market in recent years.

The growing concern for the utilization of solar energy for generating electricity has propelled the sale of photovoltaic panels across the world, directly favoring the growth of the solar PV Inverters market globally.

Government organizations have also come forward, providing financial assistance in the form of tax benefits and subsidies to popularize the installation of Inverter solar panels at the industrial, commercial and individual levels.

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The new policies formulated for installing on-grid solar inverters have provided the necessary impetus for the growth of the PV inverter market in Asia Pacific countries and others.

By government interventions, the production and operation cost of renewable energy has dropped dramatically across several countries. Due to cheap labor and higher manufacturing facilities, China is leading in production and export with lower hybrid solar Inverter prices than anywhere else.

Growing environmental concern in the aftermath of degrading environmental factors and depleting energy sources solar panels have emerged to be the popular alternative electricity source swaying the market for off-grid hybrid solar inverters across the commercial and industrial units of different regions.”—opines an FMI analyst.

Compared to string inverters installed in PV farms, micro-inverter solar panels are more expensive.

Also, the easier installation and higher efficiency provided by string inverters are constantly replacing the traditional central inverters in all significant solar firms worldwide.

Key Takeaways

  • Central PV Inverters will be the dominant segment of the global PV Inverter Market by Product that is poised to reach a market value of US$ 7.7 Bn by 2028 in terms of revenue generated.
  • String inverters also constitute a significant segment of the experiencing increased traction of 5.2% CAGR during the forecast years.
  • Asia Pacific region has emerged to be the most attractive region for manufacturers of solar Inverter panels and is estimated to reach a market value of more than US$ 11.3 Bn by 2028.
  • With an attractive CAGR of 5.1%, the global solar PV Inver2028 market is going to reach an overall value beyond US$ 27.5 Bn by 2028.

Competitive Landscape

The global PV Inverter market has become highly competitive by the presence of global and local players as well. Some of the key players covered by this market analysis report for photovoltaic inverters include Eaton, Sungrow, Growatt New Energy, Dragon Electronics Corp., Schneider Electric, Enphase Energy, Siemens, Fimer Group, Eaton.

Anticipating a positive growth in manufacturing and sale of solar PV Inverters, various local players have emerged in different geographies resulting in a highly competitive market. Adoption of advanced technologies with optimization of PV Inverter price for consumers is the primary strategy adopted by various major players in the global market.

  • Sungrow Power of the United States (US) collaborated with a South African energy cleaning company named Hudaco Energy in November 2021 to expand its business of hybrid solar inverters in the market of South Africa. The collaboration is expected to provide long-term investment in developing sustainable energy sources in the region.
  • In recent times more countries have imposed anti-dumping duties on the import of cheap solar panels and manufacturing devices that will provide a fair playground for solar PV Inverter manufacturers present at various locations.

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Key Segments

By Product:

  • String
  • Micro
  • Central

By Phase:

  • Single Phase
  • Three Phase

By Connectivity:

  • Standalone
  • On-grid

By Application:

  • Residential
  • Commercial & Industrial
  • Utility

By Region:

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

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:

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