Market Research Blog – Page 11518 – New Product Development

Silicon Tetrachloride Market sales by leading players – Evonik Industries AG, DowDupont Inc., Air Products and Chemicals Inc., The Linde Group

Future Market Insights (FMI) has published a new research titled “Silicon Tetrachloride Market: Global Industry Analysis 2012 – 2021 and Opportunity Assessment 2022 – 2027.” The report states that the demand for silicon tetrachloride is likely to be driven by the growing demand for chemical intermediate manufacturing. As silicon tetrachloride is employed as an intermediate in the production of polysilicon, its demand in certain vertical industries is also increasing and is expected to remain on the same track in the coming years.

The global silicon tetrachloride sales is expected to create a valuation of about US$ 2,277.4 Mn in 2022. The global business is further estimated to witness a considerable CAGR of 4.5% during the period of 2022 and 2027.

Growing Demand for Optic Cable to Bode Well for Market Growth

High purity silicon tetrachloride is a major raw material used for the manufacturing of optic cable preform, which is used in the manufacturing of optic cables. In the recent past, supported by the growth of 4G, 5G, LTE, FFTx and the IoT, there has been a significant increase in the demand for optic cables across the globe. China, U.S. and Japan constitute around 80% of total optic cable preform manufacturing and in terms of consumption, China accounted for nearly 58% of total optic fibre preform in 2022. A constantly increasing demand for optic cables will boost the demand for optic cable preform, which will subsequently drive the silicon tetrachloride market over the forecast period.

However, the government of China has imposed rules and regulations on the manufacturing of silicon tetrachloride, which is produced as a by-product during the production process of polysilicon. The government of China has imposed a minimum recycle rate of 98.5% on silicon tetrachloride and the initial capital cost of silicon tetrachloride recycling facility is high and the operating cost is high as well, which in turn, is increasing the price as well as limiting the supply of silicon tetrachloride. This might adversely affect the growth of the silicon tetrachloride market over the forecast period.

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Adoption of Silicon Tetrachloride to be High in China Among all Regions

The growing use of silicon tetrachloride in China can be attributed to the lucrative growth of the solar industry in the region. One of the core raw materials used in the manufacturing of solar panels is silicon tetrachloride. The focus on solar energy in the region is expected to spur the demand for silicon tetrachloride in the coming years. Moreover, the snowballing effect of the semiconductor industry and the rising progress of the paints and coatings industry is anticipated to increase the adoption of silicon tetrachloride in the region in the years ahead.

The increasing demand for chemical intermediate in the manufacturing industry is also expected to propel the demand for silicon tetrachloride in the region. However, the dependence of the region on cyclical end-use industries and the several restrictions imposed on silicon tetrachloride owing to harmful health impacts might slow down the growth of the market in the region.

Evonik Industries to Emerge Undefeated

In 2021, Evonik Industries accounted for over 40% of the global market share and is expected to retain its dominance in the market over the course of the forecast period. The other companies operating in the market are Cabot Corp., Wacker Chemie AG, The Linde Group, DowDuPont Inc., Tokuyama Corporation, Air Liquide S.A., and OCI Company Ltd., among others.

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Silicon Tetrachloride Market by Category

By Grade:

Electronics Grade
Technical Grade

By Application:

Chemical Intermediate
- Trichlorosilane (Polysilicon)
- Fumed Silica
Silicone Rubber
Optic Fiber Preform
Others

By Region:

North America
LAMEA
Europe
China
India
Japan
South East Asia & Pacific

Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

3. Market Viewpoint

4. Global Silicon Tetrachloride Market Analysis and Forecast

To be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/silicon-tetrachloride-market
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Electronics Cleaning Solvents Market sales to reach a value of US$ 1,696.6 Mn by 2029 end

Future Market Insights (FMI) has estimated the market of electronics cleaning solvents to witness a year over year growth of 5.9% in 2022 reaching a value of about US$ 1,134.0 Mn by the end of 2022. The global market is projected to witness a growth rate of 5.9% over the forecast period of 2022 and 2029.

Electronics cleaning solvents add to the functional quality and longevity of electronic components and products; hence, these have been gaining higher importance in the electronics industry. Certain solvents also impart high insulation resistance characteristics to components and devices, which boots their demand for electronics cleaning. The electronics cleaning solvents market is constantly advancing, and superior methods and products are being developed to concur with advancements in the electronics field.

The introduction of low-cost electronics cleaning solvents, such as hydrofluoroethers (HFEs), which are designed to effectively remove solder flux residue from printed circuit boards, along with their environmental and safety advantages over chlorinated solvents and ozone-depleting hydro-chlorofluorocarbons (HCFCs), is expected to drive the demand for electronics cleaning solvents further. The global electronics cleaning solvent market is projected to exhibit a value CAGR of 5.9% during the forecast period of 2022-2029.

“Stringent regulatory environmental norms have compelled manufacturers to focus on products that result in minimal ozone depletion and contribution to global warming. One such product type, fluorinated solvents, is witnessing significant demand, and is expected to establish higher prominence in the electronics cleaning solvents market until a better alternative surfaces.”

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Key Takeaways of Electronic Cleaning Solvents Study

Fluorinated solvents product type is anticipated to grow at a healthier rate. Its market share is projected to increase due to its zero ozone depletion potential, low global warming potential, and high solvency.
The separated co-solvent process uses formulated hydrocarbon solvents as cleaning solvents, and is extensively used in the PCB industry, owing to the extraordinary cleaning results it provides.
Formulated hydrocarbon solvents have developed new opportunities in the electronics cleaning solvents market over the years, and the segment is projected to witness strong market growth, supported by rising preference for this type in PCB and electronic industries.
APEJ and Japan, together, have established a lion’s share in the electronics cleaning solvents market, owing to the expanding electronics and electrical industry in the region. Together, the region holds over 70% of the electronics cleaning solvents market share. Moreover, the electronics industry in the region is still at a growing stage, and is anticipated to flourish over the coming years.
The electronics industry is focusing on electronics miniaturization; hence, nanotechnology and micro electromechanical systems (MEMS) are growing in functionality as well as acceptance in a majority of applications among various industries such as consumer electronics, automotive, aerospace, medical devices, and others.

Market Landscape Moving towards Fragmentation

The electronics cleaning solvents market is partially consolidated, with the presence of a large number of market players in both, tier I and II brackets. However, as the electronics industry is becoming highly competitive and fragmented year-by-year, the electronics cleaning solvents market is also anticipated to move towards fragmentation.

As the number of tier II and III players in the end-use sectors increases, the market is bound to witness an increase in tier II & III manufacturers to cope up with the increase in demand at variable prices.

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3M, Albemarle Corporation, Asahi Glass Co. Ltd., LyondellBasell Industries Holdings B.V, Honeywell International Inc., Dow Chemical Company, Chemours Company, and Solvay SA, BASF SE are some of the established manufacturers in the electronics cleaning solvents market. Tier I participants are anticipated to face strong competition from tier II & III players over the foreseeable future.

Electronics Cleaning Solvents by Category

By Product:

Formulated Hydrocarbon Solvents
Glycols & Glycol Ethers
Fluorinated Solvents
Brominated Solvents
Light Petroleum Distillates

By Cleaning Process:

Vapor Phase Degreaser
Vacuum Cleaning
Mixed Co-solvent
Separated Co-solvent
Semi-aqueous

By Region:

North America
Latin America and Middle East & Africa (LAMEA)
Europe
Asia Pacific Excluding Japan (APEJ)
Japan

Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

2.3. Parent Market Overview

3. Market View Point

3.1. Key Success Factors: Electronics Cleaning Solvents Market

3.2. Electronics Cleaning Solvents Selection Criteria: End Users

3.3. Macro-Economic Factors

3.4. Market Dynamics

4. Global Electronics Cleaning Solvents Market Analysis 2014-2021 and Forecast 2022–2029

To be continued…!

About FMI

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/electronic-cleaning-solvents-market
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Adhesive Transfer Tape Market Demand by Region | North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America

The growing demand of gift wrapping products and strengthening of the packaging industry are the key drivers of the global adhesive transfer tapes market. However, a large number of pressure-sensitive adhesive transfer tape manufacturers are facing the brunt of the regulatory restrictions imposed on the use of harmful chemicals and the emissions created during manufacture. Acrylics have so far been the leading type of adhesive transfer tape used, followed by rubber and silicone.

A massive chunk of the market’s revenue in 2015 was generated from the use of polypropylene as a backing material. Demand for adhesive transfer tape market is expected to be driven by swelling FMCG sector, clothing products and pharmaceuticals industry across the globe.

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Adhesive Transfer Tape Market – Market Dynamics:

Growth in demand for adhesive transfer tape market is expected to grow strongly for several reasons. Important factors contributing towards the growth of adhesive transfer tape market are allowing joint substrates with different geometries, sizes and composition. On the other hand, variations in raw material availability and energy prices could make a negative effect on the adhesive transfer tapes market growth. However, alternative methods for adhesive transfer tapes packaging such as heat tape might hamper the growth of global adhesive transfer tape market globally.

Adhesive Transfer Tape Market – Regional Outlook:

Adhesive transfer tape market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these region, North America and Europe are expected to collectively dominate the market throughout the forecast period due to huge retail industry. However, many multinational packaging companies are ramping up their investments in Asia Pacific to tap the growing needs of supermarkets and hypermarkets in the region and government support towards boosting manufacturing ecosystem.

Furthermore, Asia Pacific rise in prominence has resulted in organizational changes, many new packaging entrants has emerged over the last few years and many leading companies has set up their retail outlet in the region. Asia Pacific is expected to be primarily driven by China, Japan and India. Latin America and Middle East & Africa are expected to witness slow and steady growth over the forecast period. In Latin America, Brazil and Mexico are expected to create market opportunities for companies involved in adhesive transfer tape.

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Adhesive Transfer Tape Market – Major Players:

Some of the major players identified across the globe in the heat sealing tape market are 3M, Kruse Adhesive Tape, Nitto Denko Corporation, Saint-Gobain, CCT Tapes, Surface Shields, Scapa Group PLC, tesa SE, Vibac Group S.p.a., Advance Tapes International, CMS Group of Companies, H.B.Fuller, K.L. & Ling, Lohmann GmbH & Co.KG., NICHIBAN CO., LTD., T-GLOBAL TECHNOLOGY CO., LTD., Shangrao City Dayu Tape Co., Ltd., Foshan Manzawa Adhesive Products Limited, Xiamen Naikos Industrial Co., Ltd., Shenzhen Minrui Adhesive Products 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 geography type, adhesive type, tape type, usage type, and application.
Regional Analysis includes:

North America
Latin America
Europe
Asia Pacific
Middle East & 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.

Adhesive Transfer Tape Market- Market Segmentation:

Global adhesive transfer tape market is segmented by adhesive type, material type, form of tape, application tape, and by region.

On the basis of product type, the global adhesive transfer tape market can be segmented into

single-lined adhesive transfer tapes
double-lined adhesive transfer tapes
extended-liner adhesive transfer tapes
fiber or scrim reinforced adhesive transfer tapes

On the basis of material type, the global adhesive transfer tape market can be segmented into

acrylics
rubber
silicone
Others

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On the basis of form of tape, the global adhesive transfer tape market can be segmented into

waterproof
heat-resistant
antistatic
holographic
anti-counterfeit
others

On the basis of application, the global adhesive transfer tape market can be segmented into

home textile
bag sealing
box & carton sealing
masking
pharmaceutical packaging
others

On the basis of region, we have segmented adhesive transfer tape market into

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

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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 10-years.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/adhesive-transfer-tape-market
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Countertop Market growth by leading players – Caesarstone Ltd., Illinois Tool Works Inc., Pokarna Ltd, E. I. duPont de Nemours and Company

The global countertop market is slated to reach a valuation of US$ 709.7 Bn in the year 2026 and exhibit a moderate CAGR during the period of forecast.

Attribute	Details
Countertop Market Estimated Size 2022	US$ 582.9 Bn
Countertop Market Value-based CAGR (2022-2026)	~ 5.0%
Countertop Market Size in Projected 2026	US$ 709.7 Bn

Also, with a renewed impetus that is being witnessed in the construction industry, the global countertop market is also benefitting due to this trend as most of the new countertops are installed in the kitchens of new homes and in the renovation of the old homes as well.

Also, with the interest rates historically low in the key market of United States, and with the banks being generous in extending the line of credit to the consumers, there is a rising amount of money being spend on the construction and renovation of homes, thereby directly benefitting the global countertop market.

The global countertop market is exhibiting a steady growth throughout the world due to a rise in the disposable incomes and a rise in the employment levels, especially in the key markets of North America and APEJ.

In addition, the consumers are increasingly preferring granite stone as their choice of countertop, due to the fact that the prices of granite are dropping.

This is especially true for the markets in the United States, where there is a huge availability of granite stone in the mass markets due to a plethora of supply because of the rising low cost imports of granite during the last decade. This factor, coupled with the fact that consumers are preferring granite due to its high aesthetic appeal, is making the granite stone most popular choice for the countertops.

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Are Home Refurbishment Activities Propelling the Countertop Market Growth?

The surging money lending activities from banks and increasing mortgage refinances across the globe are leading to the easy availability of more credits for the refurbishment of existing homes. The rising installation of prefabricated countertops during kitchen renovations and new home construction is estimated to accelerate the market.

According to the Australian Bureau of Statistics, in September 2021, the construction of 35,521 new private sector houses and 56,617 new dwelling units were initiated in the country. The total value of construction work done in the same month was US$ 30,556.7 million. This trend is set to continue in the other parts of the world throughout the forthcoming years, thereby driving the demand for modern kitchen countertops.

4 Forecast Highlights on Global Countertop Market

As per the forecast of Future Market Insights, the solid surfaces material type segment is slated to touch a value of nearly US$ 34,750 Mn in the year 2026. This represents a moderate CAGR growth during the assessment period of 2022-2026. The solid surfaces material type segment was estimated to account for nearly one-fourth of the revenue share of the material type category by the year 2022 and is expected to lose in market share by the year 2026 end.
As per the assessment of Future Market Insights, the non-residential segment will reach a valuation of nearly US$ 101,060 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The non-residential segment was estimated to account for more than two-thirds of the revenue share of the end use industries category in the year 2022 and is expected to gain market share by the end of the year 2026.
As per the estimates of Future Market Insights, the new construction segment is slated to reach a valuation of nearly US$ 94,850 Mn in 2026. The new construction segment is expected to gain market share by the end of the year 2026. The largest share is contributed by the APEJ region in the new construction segment.
Future Market Insights forecasts the US countertop market to grow from US$ 16,928.6 Mn in 2022 to US$ 25,707.9 Mn in 2026. This represents a compound annual growth rate (CAGR) of 4.8% from 2022 to 2026.

Competition Landscape

The report has also profiled leading players in the global market for countertops, which will remain active through 2026. These include companies such as Cambria, E. I. du Pont de Nemours and Company, Caesarstone Ltd., Asian Granito India Ltd., Pokarna Ltd, AKG Group, Illinois Tool Works Inc., Aro Granite Industries Ltd., Cosentino Group, Vicostone and Silestone.

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Countertop Market by Category

By Material Type:

Granite
Solid Surfaces
Laminates
Engineered Quartz
Marble
Others

By End Use Industries:

Residential
Non-Residential

By Construction Activity:

New Construction
Renovation

By Region:

North America
Latin America
Europe
Japan
APEJ
MEA

Table of Content

1. Global Economic Outlook

2. Global Countertop Market – Executive Summary

3. Global Countertop Market Overview

3.1. Introduction

3.1.1. Global Countertop Market Taxonomy

3.1.2. Global Countertop Market Definition

3.2. Global Countertop Market Size (US$ Mn) and Forecast, 2012-2026

3.2.1. Global Countertop Market Y-o-Y Growth

3.3. Global Countertop Market Dynamics

3.4. Supply Chain

3.5. Cost Structure

3.6. Pricing Analysis

3.7. PESTLE Analysis

3.8. Porter’s Five Force Analysis

3.9. Investment Feasibility Matrix

3.10. Market Positioning & Behavior Assessment

3.11. Key Players Competition Matrix

3.12. List of Suppliers

3.13. Key Participants Market Presence (Intensity Map) By Region

4. Global Countertop Market Analysis and Forecast 2012-2026

To be continued…!

About FMI

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/countertop-market
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Functional Coil Coatings Market is projected to rise at a CAGR of 5% by 2031 – FMI

The global functional coil coatings market is experiencing healthy growth surpassing a valuation of US$ 465 Mn during the forecast period according to a recent report published by Future Market Insights. Rising demand from end use industries, mainly construction and automotive sectors is elevating market value during the assessment period.

Rapid urbanization, rising infrastructure development, and growth in disposable incomes is elevating the construction industry. This growth is expected to bolster the demand for functional coil coatings over the forecast period.

The growing trend of sustainability is increasing the demand for clean and green buildings worldwide. This creates notable demand for solar reflective, heat management, antimicrobial and other functional coil coatings which is benefiting the market.

With the onset of the COVID-19 pandemic, awareness towards the need of preventing communicable diseases has increased tremendously. Consequently, demand for antimicrobial coatings is expected to witness remarkable growth during the forecast period.

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Stringent regulations imposed in terms of composition and production of functional coil coatings by regulatory bodies is expected to be a major restraining factor. Navigating the challenges posed by these factors will prove crucial for continued growth of the global functional coil coatings market.

Key Takeaways from Global Functional Coil Coatings Market Study

Steel coatings will account for over 75% of the global value share in 2021, owing to wider scope of applications through the construction sector.
Solar reflective coatings are gaining ground with a CAGR of 5.2% through 2031, supported by applications in the transportation and infrastructure sectors.
China holds the lead in East Asia with an estimated 66.5% value share by 2031, driven by a large-scale, matured chemical industry.
Russia is emerging as a major market for functional coil coatings in Europe at a valuation of over US$ 13 Mn in 2021, owing to investments in the construction sector.
The U.S. accounts for approximately 89.8% of the value share in North America through 2031, owing to the presence of major construction and automotive players

“Rising investments in construction activities coupled with consistent growth in sales of automobiles are key factors that are expected to elevate the demand for functional coil coatings during the forecast period though 2031,” said an analyst at FMI.

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Global Functional Coil Coatings Market: Participant Insights

Key coil coating manufacturers are indulging in research and development activities for product innovation and development to accommodate the changing requirements of the large-scale consumer base.

According to the market research analysis, Akzo Novel NV, JK Coil Coating Pvt. Ltd., Jotun Group, Dura Coat Products Inc., Noroo Coil Coatings, Titan Coatings Inc., Eastman Chemical Company, Modine Manufacturing Inc., Chemetall Group., ALCEA, Recubrimientos Plasticos SA, Italcoat Srl, Lord Corporation, Sherwin-Williams, PPG Industries, Axalta Coating systems, The Chemours Company, Nano-X GmbH, Ozkem Pty Ltd., Blygold International BV, HB Fuller, and many others are identified as key players in the global functional coil coatings market.

Global Functional Coil Coatings Market by Category

By Application:

Steel Coatings
Aluminum coatings

By Product Type:

Topcoat
Primer
Backing Coat
Others

By Function Type:

Anti-Graffiti Coating
Antimicrobial coating
Solar Reflective Coating
Self-Cleaning Coating
Self-Healing Coating
Anti Dust Coating
Nox Reducing Coating
Photovoltaic Coating
Polychromic Coating
Laminating Film
Fire Resistant Coating
Heat Saving Coating
Scratch Resistant Coating

By Material Type:

Polyester
Epoxy
PVC/Vinyl
Plastisols
Acrylic
Polyurethane
PVDF
Silicone

By End-Use:

Construction
Transportation
Consumer Durable Goods
- Refrigerator
- Washing Machine & Dishwasher
- Over & Toasters
- Others
HVAC
Metal Furniture
Others

About FMI

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/functional-coil-coatings-market
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PVC-Free Packaging Market Growth by Manufacturers | Crown Holdings, Inc. Amcor Limited Sacmi Group Tekni-Plex, Inc.

PVC as a material has had turbulent times in terms of market acceptance. The government in many countries have agreed to restrict or ban the use of PVC in packaging and other applications, owing to its negative impact on human health. A number of countries such as Canada, Spain, South Korea, and Czech Republic, among others have decided to ban or restrict PVC packaging.

Several cities in the U.S., such as, Rahway, NJ and Glen Cove, New York have mandated that food packaging and utensils be PVC-free. The state of California has introduced the legislation to ban PVC, in 2009. A number of U.S. states have prohibited the use of certain metals packaging, which are specifically found in PVC packaging. As a result, many manufacturers have introduced PVC-free packaging formats to cater to the rising demand for such items. Give below are a list of PVC bans/restrictions implemented by key countries

Global PVC-free packaging market: Research methodology

A robust methodology was adopted to arrive at the market size for PVC-free packaging. Both supply-side and demand-side analysis were performed for the same.

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Supply-side analysis

Revenues of key manufacturers of PVC-free packaging were tracked, along with the segmental revenue generated from the sales of PVC-free packaging. The sources cited for the same include the companies’ annual reports and form-10Ks, along with paid databases.

Demand-side analysis

To arrive at the market size for PVC-free packaging, a number of primary interviews were conducted with industry experts, including C-level executives, sales & marketing heads, and independent consultants, to estimate the demand for PVC-free packaging, as well as the market scenario. The market size for PVC-free packaging was then validated through bottom-up analysis.

Global PVC-free packaging market: Key players

Some of the key players operating in the global PVC-free packaging market are –

Crown Holdings, Inc.
Amcor Limited
Sacmi Group
Tekni-Plex, Inc.
Constantia Flexibles Group GmbH
Selig Group
Technovinyl Polymers India Ltd.
World Bottling Cap, LLC
Danbury Plastics
Manufacture Générale de Joints SAS
Mexichem Specialty Compounds Inc.

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PVC-free packaging: Significance

PVC has a high chlorine content which releases toxins, and makes its way up the food chain from animals’ fat. PVC exposure causes exposure to phthalates, which is harmful for human health. As a result, many packaging manufacturers are stressing the production of PVC-free packaging formats.

PVC-free packaging: Key developments and trends

Demand for environment friendly packaging has generated more demand for packaging solutions which are PVC-free

In May 2017, Crown Holdings, Inc. launched a metal closure technology featuring a PVC-compound. The new metal closures are suitable for a wide range of pasteurized and sterilized products such as cooked vegetables. The closures are available with optional features such as spot gloss, gloss, metallic, matte, and embossed. These PVC-free closures are expected to be adopted by many food giants in the future, due to their sustainability.
In April 2017, Evonik Industries AG, which is a Germany-based specialty chemicals developer developed a new generation of heat seal binders for PVC-free packaging, with dairy as the main application area.

The road ahead

PVC-free packaging products are expected to gain prominence in the packaging industry, as government organizations in various countries implement stringent rules and regulations against the use of PVC in packaging materials, as well as in other industries. The global push for a PVC-free future is expected to further strengthen sales and generate demand for PVC-free packaging solutions.

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, macroeconomic 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.

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Global PVC-free packaging market: Segmentation

On the basis of product type, the global PVC-free packaging market is segmented as –

PVC-free Blisters
PVC-free closures
PVC-free Liners
Others

*The pricing has been calculated on the basis of product type, wherein, the weighted average prices for product variants was calculated

On the basis of end use industry, the global PVC-free packaging market is segmented as –

Food & Beverages
Cooked vegetables
Pasteurized products
Others
Pharmaceutical
Cosmetics & Personal Care
Homecare
Chemical & Fertilizers
Others

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Magnesium Carbonate Market projected to top US$ 443.5Mn by 2032 – FMI

The global magnesium carbonate market is anticipated to expand at a steady 4.7% CAGR over the forecast period, finds Future Market Insights (FMI) in a recent market analysis. Magnesium carbonate is largely utilized as a raw material for the manufacturing of magnesium oxide, a refractory material employed in the cement and steel industries.

In recent years, companies are focusing on developing new materials with high purity at competitive prices. Magnesium carbonate, due to its small size, high porosity, and non-toxicity, is adopted in the pharmaceutical industry. Pharmaceutical grade magnesium carbonate is preferred for the treatment of hyperchlorhydria, stomach aches and duodenal ulcers. It is also used in the surging demand from the paint and inks industry as a flattening agent, rheological modifier, and translucent filler, which has increased the consumption.

Ongoing expansion of sectors such as glass and ceramics, steel, cement, paints and inks, pharmaceuticals, and paper in countries such as China and India is predicted to propel growth in Asia Pacific in the global magnesium carbonate market. Due to increasing demand from pharmaceuticals, steel, and cement sectors in nations across North America, the Middle East, and Africa are likely to augment the growth in the market.

As per FMI, geographically, the market is anticipated to be dominated by South Asia Pacific, which is expected to continue in the forthcoming years. Backed by the aforementioned factors, the global magnesium carbonate market is projected to top US$ 443.5Mn by 2032.

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“Over the forecast period, sales of magnesium carbonates are expected to be driven by the growing pharmaceutical industry across the globe followed by the production of magnesium oxide and other vital end-use industries.” says an FMI analyst.

Key Takeaways:

By type, demand for light industrial magnesium carbonate is expected to surge at a 2% CAGR over the forecast period.
Due to neutralization property of magnesium carbonate, it has been broadly used for making antacid. Demand in the antacid segment is anticipated to grow at 5.2% CAGR during the assessment period.
In terms of end use, sales in the personal care & cosmetics segment will grow at a 4.3% CAGR through 2032.
The magnesium carbonate market in the U.S. is anticipated to expand at a 4.5% CAGR through 2032.
China will emerge as an attractive magnesium carbonate market, with sales growing at a 5.6% CAGR.

Competitive Landscape

Key players in the global magnesium carbonate market included in the report are Hebei Meishen Technology Co., Ltd, Konoshima Chemical Co., Ltd., Kyowa Chemical Industry Co., Ltd., Lehmann & Voss & Co. KG, Naikai Salt Industries Co., Ltd., Dr. Paul Lohmann GmbH KG, and NUOVA SIMA Srl.

Leading players operating in the global magnesium carbonate market are focusing on increasing the utilization of magnesium carbonate in pharmaceuticals and personal care & cosmetics industries. Further, they are aiming to expand their production facilities and distribution channels. For instance:

In May 2021, J.M. Huber Corporation (Huber) signed a final agreement with RHI Magnesita (RHIM) to acquire their 50% ownership stake in the company’s 50/50 joint venture, MAGNIFIN Magnesiaprodukte GmbH & Co. KG.

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Magnesium Carbonate Market by Category

By Type:

Light Magnesium Carbonate
Heavy Magnesium Carbonate

By Application:

Antacid
Smoke Suppressant
Additives & Fillers
Drying Agent
Whitening Agent
Reinforcing Agent

By End Use:

Magnesium Oxide
Pharmaceuticals
Personal Care & Cosmetics
Paints & Inks
Plastic & Rubber
Pulp & Paper
Fire Extinguishing Composition
Others

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Magnesium Carbonate Market Demand Analysis 2017-2021 and Forecast, 2022-2032

To be continued…!

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Coatings and Application Technologies for Robotics Market poised to expand and reach US$ 1,765.1 Mn by 2027

A new research publication titled “Coatings and Application Technologies for Robotics Market: Global Industry Analysis (2012-2021) and Opportunity Assessment (2022-2027)” by Future Market Insights focuses on various market acumen on developments, trends, key players, growth drivers and forecasts across important regions.

Regional market intelligence is also provided that can assist the reader in gaining insights with respect to key regions across the globe and identify potential revenue pockets for gaining edge in the global coatings and application technologies for robotics market.

A detailed market segmentation is carried out which explores every angle of the coatings and application technologies for robotics market. This analytical research report covers historic market data for coatings and application technologies for robotics market along with future market projections for a period of ten years, starting from 2022 till 2027.

Global Coatings and Application Technologies for Robotics Market: Aspects Influencing Growth

Several factors are responsible for the current market position and scenario of coatings and application technologies for robotics. To name a few aspects, high growth in robot manufacturing, growing robotic service industry, increasing use of powder and water borne coating technologies in robot manufacturing, rising demand for base and clear coats, trending eco-friendly techniques in coatings and application technologies coupled with increase in vehicle production, growing use of water borne technologies and acrylics, growing demand for robots in healthcare industry, growing trend of industrial revolution 4.0 to boost the demand for robots, growing use of UV cure technology and adoption of automated technology in the automotive industry, increasing sales of robots in South East Asian countries, growing use of robotics in the construction sector, increasing innovations and development of existing coating products, and increasing employment of heavy duty robots in the oil and gas as well as metal industries, have pushed the growth of the global coatings and applications technologies for robotics market.

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Global Coatings and Application Technologies for Robotics Market: Segmentation Outlook

The global coatings and application technologies for robotics market is segmented on the basis of resin type, coating technology, coating layer, end use industry and region.

By resin type, acrylics are being used extensively. The acrylics segment is expected to grow at a significant growth rate throughout the period of forecast to reflect a substantial market valuation by the end of the year assessment. This segment is expected to lead the global market
By coating layer, base coat segment is the largest with a high market value. Also, this segment is projected to grow at a comparatively faster rate than other segments in the coating layer category
By coating technology, the water borne segment is expected to dominate the global market with a high market valuation and a significant CAGR. However, the powder segment is expected to witness higher demand and adoption and is projected to grow at the fastest rate in this category to register a value CAGR of 7.6% throughout the period of forecast
By end use industry, coatings and application technologies for robotics are extensively used in the manufacturing industry, followed by healthcare sector. Value wise, the healthcare end use industry segment is projected to grow at a relatively faster rate throughout the forecast period
By region, Japan region is highly attractive for the use of coatings and application technologies for robotics. The coatings and application technologies for robotics market in this region is expected to reach a value of more than US$ 650 Mn by the end of 2027. On the contrary, the APEJ region is expected to show high growth in this market

Global Coatings and Application Technologies for Robotics Market: Forecast Analysis

According to the fact based study on coatings and application technologies for robotics market, the global market is expected to reach a value of about US$ 1700 Mn by the end of the year of assessment (2027) from a value of around US$ 930 Mn in 2017. The global market is projected to grow at a value CAGR of 6.6% throughout the period of assessment (2017-2027).

The global coatings and application technologies for robotics market research report has included analysis on key players in the market. Analysis on companies such as Akzo Nobel N.V., Axalta Coating Systems, PPG Industries, The Sherwin Williams Company, HMG Paints Limited, The Lubrizol Corporation, Yashm Paint & Resin Industries, U.S. Paint Corporation, Kansai Paint Co. Ltd., Bernardo Ecenarro SA, Nippon Paint Holdings Co., Ltd., Sheboygan Paint Company, Beckers Group, Alps Coating Sdn. Bhd, NOROO Paint & Coatings Co., Ltd., WEG SA, Reichhold LLC and Tikkurila are included in this research report.

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Key Segments Covered

Coatings and Application Technologies for Robotics by Resin Type:

Polyurethane Coatings and Application Technologies for Robotics
Acrylic Coatings and Application Technologies for Robotics
Alkyd Coatings and Application Technologies for Robotics
Polyester Coatings and Application Technologies for Robotics
Epoxy Coatings and Application Technologies for Robotics

Coatings and Application Technologies for Robotics by Coating Technology:

Solvent Borne Coatings and Application Technologies for Robotics
Water Borne Coatings and Application Technologies for Robotics
UV Cure Coatings and Application Technologies for Robotics
Powder Coatings and Application Technologies for Robotics

Coatings and Application Technologies for Robotics by Coating Layer:

Primer Coatings and Application Technologies for Robotics
Base Coat Coatings and Application Technologies for Robotics
Top Coat Coatings and Application Technologies for Robotics
Clear Coat Coatings and Application Technologies for Robotics

Coatings and Application Technologies for Robotics by End Use Industry:

Coatings and Application Technologies for Robotics for Healthcare
Coatings and Application Technologies for Robotics for Agriculture
Coatings and Application Technologies for Robotics for Mining
Coatings and Application Technologies for Robotics for Manufacturing
Coatings and Application Technologies for Robotics for Construction

Coatings and Application Technologies for Robotics by Region:

North America Coatings and Application Technologies for Robotics Market
Western Europe Coatings and Application Technologies for Robotics Market
Eastern Europe Coatings and Application Technologies for Robotics Market
Latin America Coatings and Application Technologies for Robotics Market
Asia Pacific Excl. Japan (APEJ) Coatings and Application Technologies for Robotics Market
Middle East and Africa (MEA) Coatings and Application Technologies for Robotics Market
Japan Coatings and Application Technologies for Robotics Market

Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Market Overview

3. Market View Point

3.1. Macro-Economic Factors

4. Global Coatings and application technologies for Robots/Robotics Market Analysis 2012–2021 and Forecast 2022–2027

4.1. Market Volume Projections

4.2. Market Size and Y-o-Y Growth

4.3. Absolute $ Opportunity

4.4. Pricing Analysis

4.5. Supply Chain

4.6. Global Coatings and application technologies for Robots/Robotics Market Restraint

5. Forecast Factors: Relevance and Impact

6. Global Coatings and application technologies for Robots/Robotics Market Analysis 2012–2021 and Forecast 2022–2027 By Resin type

continue…

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Diaper Packaging Machines Market Demand by Variety Including Disposable Diapers, Swim Pants Diapers, Cloth Diapers, Training Diapers

A diaper packaging machine is a machine that produces baby diapers and adult diapers. The diapers are inherently disposable in nature and comprise wood pulp and a super-absorbent material that can soak urine. These are usually used with elasticated waistbands and resalable bands to make the baby convenient. Due to the extensive use of baby diapers worldwide, diaper packaging machines are increasing in demand. The diaper packaging machines has a tendency of faster production speed and a great sense of production. The diaper packaging machines market is technologically highly advanced and depends on new innovative technologies to enhance productivity and efficiency.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Diaper Packaging Machines market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Diaper Packaging Machines market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Diaper Packaging Machines Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Diaper Packaging Machines market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Diaper Packaging Machines market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Diaper Packaging Machines market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Diaper Packaging Machines Market: Segmentation

Valuable information covered in the FMI’s Diaper Packaging Machines market report has been segregated into key segments and sub-segments.

On the basis of product type, diaper packaging machines market has been segmented as follows-

Semi-Automatic
Fully Automatic

On the basis of output capacity, diaper packaging machines market has been segmented as follows-

Less than 500 units per minute
Between 500 to 1000 units per minute
Above 1000 units per minute

Diaper Packaging Machines Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Diaper Packaging Machines market. Competitive information detailed in the Diaper Packaging Machines market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Diaper Packaging Machines market report.

Key players covered in the report include:

OPTIMA packaging group GmbH, Edson Packaging Machinery Ltd, ZUIKO Corporation, MD Viola Machine, DELTA SRL UNIPERSONALE, Fameccanica Data S.p.A., GDM S.p.A., Curt G Joa, Peixin International Group, JWC Group, Anqing Heng Chang Machinery Co., Ltd. (HCH), Hangzhou Loong Machinery Manufacturing Co., Ltd. and many more. Many local and unorganized players are expected to contribute to the diaper packaging machines market.

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Important Questions Answered in the Diaper Packaging Machines Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Diaper Packaging Machines market been expanding during the forecast period?
How will the global Diaper Packaging Machines market look like by the end of the forecast period?
What innovative strategies are adopted by Diaper Packaging Machines market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Diaper Packaging Machines market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Diaper Packaging

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Flexible Packaging Paper Market Grow Considerably due to Increasing Adoption of Eco-Friendly Packaging Products

In the recent years, flexible food packaging have seen significant rise in innovation due to technological advancement. One such type of flexible packaging is flexible packaging paper which has witness upsurge in the demand. Flexible packaging paper is mainly used for packaging of several food items such as confectioneries, snacks, coffee, sugar, etc. In addition, growing concern related to disposal of plastic waste has created growth opportunities for flexible packaging paper market. Furthermore, flexible packaging paper for other than food items can be used for several end uses, for example, personal care & cosmetics, pharmaceutical, consumer goods, etc.

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Examples of some of the key players operating in the global flexible packaging paper market are Sappi Limited, Smurfit Kappa Group plc, Mondi Group Plc, International Paper Company, DS Smith Packaging Limited, WestRock Company, Nippon Paper Industries Co., Ltd., Oji Holdings Corporation, Stora Enso Oyj, Georgia-Pacific LLC, Billerud Korsnäs AB, Packaging Corporation of America, Pratt Industries, Inc., Kap Stone Paper and Packaging Corp, etc.

The flexible packaging paper market is expected to grow considerably due to increasing adoption of ecofriendly packaging products by consumers. Flexible packaging paper is widely preferred due to its properties such as lightweight, cost-effectiveness and durability. Flexible packaging paper products requires smaller space on shelves as compared to rigid packaging products. In addition, flexible packaging paper also provides a wide range of presentation possibilities that help product manufacturers increase aesthetic appeal of the product and also enhance product branding. On the other hand, the plastic flexible packaging have better tensile strength as compared to flexible packaging paper, which is a factor expected to hamper the growth of the market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Flexible Packaging Paper market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Flexible Packaging Paper market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

The global flexible packaging paper market is segmented by material type, packaging type, distribution channel, and end-use industry. The pricing for flexible packaging paper has being done based on material type segment in US$ million, and the volume is considered in tonnes.

On the basis of material type, the global flexible packaging paper market is segmented into –

Coated Unbleached Kraft Paperboard (CUK)

Solid Bleached Sulfate (SBS)

Coated Recycled Paper (CRP)

Waxed Paper

On the basis of packaging type, the global flexible packaging paper market is segmented into –

Wraps

Cartons

Bags & Sacks

Envelops

Lids

Pouch

Sachet

Others

On the basis of distribution channel, the global flexible packaging papermarket is segmented into –

Retail

E-commerce

On the basis of end-use industry, the global flexible packaging papermarket is segmented into –

Food & Beverages Personal Care & Cosmetics Pharmaceutical Agriculture Electrical & Electronics Consumer Goods

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Important Questions Answered in the Flexible Packaging Paper Market Report

Which end user remains the top revenue contributor in different regional markets?

At what rate has the global Flexible Packaging Paper market been expanding during the forecast period?

How will the global Flexible Packaging Paper market look like by the end of the forecast period?

What innovative strategies are adopted by Flexible Packaging Paper market players to stay ahead of the pack?

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