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As per FMI analysis, the global veneer sheets market is projected to reach a market value of US$ 41,163 Mn by 2031, growing at a CAGR of 2.3% during the forecast period of 2021-2031.

Steady growth registered by the veneer sheets market is attributable to consistently rising demand from commercial and residential construction. In a new study, FMI has forecast the market to reach US$ 33.37 Bn by 2021.

Growth forecasts continue to stay positive, albeit moderate because some of the established markets have been reaching maturity. For instance, despite recovery post COVID-19 in 2020, Europe will continue exhibiting moderate growth through the forecast period.

Veneer is a very thin coating used on the surface of the solid material. Veneer sheets are often glued to a solid material so that an otherwise dull piece of furniture can be made to appear elegant in a cost-effective manner. Moreover, applying a layer of veneer increases the durability of furniture, which makes veneer sheets highly sought-after in the construction sector.

Although the market for veneer sheets is projected to rise consistently, the COVID-19 pandemic is expected to have a major impact on short-term demand pattern. COVID-19 pandemic also has compelled manufacturers to revisit strategies adopted for expansion to ensure steady growth in the near future.

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Also, delays caused in building projects and manufacturing process have contributed to a decline in demand for sheets of veneer. Nonetheless, with economies returning to normalcy post extended lockdown period, sales of veneer sheets are expected to pick up, especially in the residential sector, which has also been identified as leading end-use in the report. FMI has predicted it to account for nearly 65.5% of the market in 2021.

Key Takeaways from Veneer Sheets Market Study

• Veneer sheet market will pick up pace post decline registered in 2020. FMI has projected the market to record 1.5% Y-o-Y growth in 2021
• The U.S. will continue leading the market in North America, accounting for 80.9% share in 2021
• The U.K. is projected to record growth at 1.0% in 2021
• Germany and France will remain key markets for veneer sheets in Europe
• Germany and France will continue exhibiting high demand, with Germany forecast to remain dominant in Europe through 2031
• Japan and South Korea to remain lucrative markets in East Asia. Among these countries, South Korea will exhibit high growth over the forecast period

“Product differentiation is one of the key strategies adopted by the market players. They are focusing on introducing a wide range of veneer sheets, designed keeping in mind specific applications as per consumer requirement,” said a lead FMI analyst.

Veneer Sheets Market: Participant Insights                                                    

Some of the leading companies operating in veneer sheets market are GREENLAM INDUSTRIES LTD., Sauers & Company Veneers, Oakwood Veneer Company, Veneer Technologies, Inc, FormWood Industries, Inc., Turakhia Overseas Pvt. Ltd., CEDAN INDUSTRIES, CENTURYPLY, Ltd,   Herzog Veneers, Inc., Ltd, SR Wood, Ltd, Pearlman Veneers and Flexible Materials Incorporated. These companies are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Key Segments

Product Type

• Paper-Backed
• Wood-Backed
• Phenolic-Backed
• Laid-Up
• Others

End Use

• Commercial
• Residential

To Know More about Veneer Sheets Market

A new market research report published by Future Market Insights (FMI) on the global Veneer Sheets market report offers in-depth insights into the market demand trends and assessment of opportunities during the forecast period.

The report analyses the Veneer Sheets market through three different segments- product type, end-use, and region. The Veneer Sheets report also offers detailed analysis of pricing analysis by different product types demand across various end-use industries, and patent analysis in the market.

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.

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The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030.

According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2022 and 2030.

Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics. Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below

• The surge in demand for polyphenylsulfone polymer is anticipated to boost the market during the forecast period
• The rise in requirement from healthcare end user is projected to fuel the sales of sulfone polymer
• North America will lead the global sulfone polymer market owing to the high demand in the countries such as the U.S., Canada, and others
• East Asia will emerge lucrative in the global sulfone polymer market in the coming years

“Sulfone polymers have unique properties and can remain transparent even when exposed to high temperature. This attribute makes it highly sought-after for use in connector’s blocks and circuit boards. There is immense scope for application across various industries, which is why leading players are focusing on expansion of their capacities. This trend will continue creating growth opportunities for the market,” says an FMI analyst.

COVID-19 Impact Analysis

Key end users of sulfone polymer market such as automotive & transportation, electrical & electronics, and others have been left battered due to the deadly COVID-19 pandemic. This has hampered the demand for sulfone polymer substantially.

Furthermore, the economic impact of the virus-outbreak has taken a toll on the manufacturing process due to the financial crisis worldwide. For instance, according to the Ministry of Statistics of India, India’s growth in the fourth quarter of the fiscal year 2022 went down to 3.1%. This declining growth is a result of decelerated production across industries, which is expected to hamper growth prospects for the market as well.

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Who is Winning?

The global sulfone polymer market is highly competitive. In order to sustain in the positions, the key players in the market are started with launching of better quality products which target diverse end users.

For instance, SABIC has launched their new extensive range of sulfone polymers such as SUPER™ Metallocene Linear Low Density Polyethylene (mLLDPE), COHERE™ Metallocene Polyolefin Plastomer (POP), and others in the current year.

Sino Polymer has launched their new range of eco-friendly sulfone polymer such as BISPHENOL-A EPOXY VE, BROMINATED FR VE, NOVOLAC VE, and others in the recent year.

Sulfone Polymers Markey by Category

By Product Type :

• Polysulfone
• Polyethersulfone
• Polyphenylsulfone

By End Use :

• Automotive & Transportation
• Healthcare
• Electrical & Electronics
• Consumer Products
• Industrial Processing
• Others

More Valuable Insights on Sulfone Polymer Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global sulfone polymer market, providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of end use (automotive & transportation, consumer products, electrical & electronics, healthcare, industrial processing, others), product type (polyethersulfone, polyphenylsulfone, polysulfone), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

About FMI

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The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders. It studies the growth trajectory and gauges investment feasibility across key segments.

According to the report, the carbon steel market is operating in an environment where lot of waste is generated and a huge amount of energy is consumed. The steel industry is efficiently reducing the waste through waste recovery technologies and through recycling, which has been aiding environmental causes.

The industry has adopted efficient fabrication and manufacturing process, which is reducing the energy consumption. Carbon Steel manufacturers are no longer overheating or overcooling the rolling mills allowing them to manufacture products more efficiently by consuming less energy. Steps taken towards cautious manufacturing had bode well for the market.

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However, despite their efforts, the ongoing COVID-19 crisis has caused deceleration in the industrial production and disruptions in supply chain for 3 quarters of 2022.  Growth recovery in the upcoming years will be backed by the increasing demand from downstream industries such as automotive, construction, and heavy engineering & equipment will drive the carbon steel market.

Key Takeaways of Global Carbon Steel Market Study

• Globally, the demand for energy efficient and low carbon neutral buildings is increasing. Carbon steel is an affordable and safer solution, which provides high strength, versatility, durability and full recyclability throughout the entire life cycle of buildings
• Carbon Steel manufacturers are improving its blast furnace technologies by taking full advantage of the converter slag of steelmaking by-products and improving the permeability of the blast furnace. All these factors have led to decrease in the steel manufacturing cost
• Construction industry is forecast to remain dominant end user through the forecast period. The global construction growth is expected to be 3.9% pa by 2030, as per a study by Oxford Economics, which will aid the overall expansion of the market
• 25% increase on steel tariffs derivative steel has increased the USA’s domestic steel production. Manufacturers are therefore on the process of implementing and enhancing production capability so as to meet the end-user’s increasing demand
• The global carbon steel market is expected to witness a plunge in FY2022, and is expected to recover sharply in the subsequent year as the industries across regional hubs have started resumption and augmentation of production and supply operations

 “Carbon steel is used by a wide gamut of industries, which has been aiding expansion of the market despite oversupply recorded in the steel industry. Despite nose-dive growth during ongoing pandemic, the market is forecast to recover especially as leading companies move towards consolidation keeping expansion in their mind,” says FMI analyst.

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Carbon Steel Market By Category

By Grade :

• Low-Carbon steel
• Medium-Carbon Steel
• High-Carbon Steel
• Ultra High-Carbon Steel

By Form :

• Hot Rolled Steel
• Cold Rolled Steel

By Application :

• Basic and Perforated Sheets
• Angle
• Channels
• Beams
• Normal Plates and Floor Plate
• Pipes
• Tubes
• Bars
• Struts
• Grating

By End Use :

• Automotive
• Construction
• Railways
• Shipbuilding & Marine
• Aerospace
• Energy
• Heavy Engineering and Equipment
• Consumer Appliances
• Cutting Tools

Who is Winning?

The carbon steel market is fairly consolidated, with manufacturing capacities majorly concentrated among tier-I manufacturers. While local tier-2 and tier-3 manufacturers present a stiff competition, tier-1 players leverage their distribution network and brand image in dominating the market space.

Some of the key players in the market are Nucor Corporation, ArcelorMittal, United States Steel Corporation, Baosteel Group, AK Steel Holding Corporation, EVRAZ, Hesteel Group, POSCO, Thyssenkrupp AG, JFE Holdings Corporation, etc amongst many others amongst many others.

Market players have been focusing on strategic expansion and acquisition of manufacturing facilities. This strategy would help companies to expand into new markets to withstand in competitive environment.

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.

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Over the years, the demand for wood-plastic composites (WPC) has significantly increased on the back of the high need for environment-friendly and low-cost raw materials in the residential sector. Likewise, increased spending on infrastructural developments in both the residential and commercial sectors is expected to give a major boost to the market during the forecast period.

There are several benefits associated with WPC floorings, such as low melting temperature and high stiffness as compared to conventional wood alternatives, which give it an edge in the flooring applications over other materials. Furthermore, WPC floorings are visually appealing and are relatively easier to install and maintain as compared to conventional flooring types.

Moreover, their resistance to humidity has also been crucial in cementing it as a fitting substitute for wood floorings or laminates. As WPC floorings are derived from waste materials from the wood industry and recycled plastics, they are considered sustainable and eco-friendly, gaining traction among consumers with high awareness.

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On these lines, backed by its low cost, WPC floorings are gradually replacing other floorings such as traditional wood floorings and luxury vinyl tiles (LVT) flooring. Besides, WPC floorings are easily shaped using conventional tools, minimizing the need for novel equipment, and reducing production cost.

On the other hand, increasing focus on research & development of products to improve their temperature resistance and strength is also expected to positively influence the growth of the market in the years to come.

Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global WPC floorings market will grow in value at a healthy CAGR of 7.0% between 2020 and 2030.

Some of the key takeaways from the report include:

• The global WPC floorings market is projected to surge past valuation of US$ 3,643 Mn by the end of 2030
• By thickness, 5.5 mm, 6.5 mm, and 8 mm WPC floorings are poised to cumulatively account for more than a 3/4th of the overall market, with the former being the most sought flooring type
• On the basis of the end-use sector, adoption in the commercial sector is anticipated to drive the majority of revenue, while the retail outlet segment is expected to account for 1/3rd of market value
• Europe is forecasted to remain the largest regional market through the assessment period, accounting for a share little below one-quarter, owing to the development of the construction industry
• East Asia and North America are poised to collectively account for over 2/5th of market value, ascribed to the growing trend of smart cities, and increasing emphasis on developing commercial infrastructure

“Market players are focusing on offering customizable products that suit consumer requirements such as color, stiffness, and thickness, among other parameters, to form a loyal consumer base, and are also directing their efforts to offer features such as biodegradability, weather compatibility, etc.” remarks FMI report.

COVID-19 Impact on WPC Floorings Market

The outbreak of COVID-19, which swiftly metamorphosed into a pandemic of unprecedented proportions has led to the curt termination of construction activities across the world. Akin to numerous applications reliant on infrastructural development, the demand for WPC floorings has beheld a steep decline beginning in the first quarter of 2020.

On these lines, lack of workforce, supply chain disruptions, and unavailability of raw materials, among other perils of the pandemic are adversely impacting the growth of the market. On a positive note, a gradual return to normalcy in East Asia beginning from the third quarter of 2020, is likely to mitigate long term consequences to an extent.

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WPC Floorings Market By Category

By Thickness, the WPC Floorings market is segmented as:

• 4 mm
• 5 mm
• 5.5 mm
• 6.5 mm
• 8 mm

By End Use Sector, the WPC Floorings market is segmented as:

• Commercial Buildings
• Residential Buildings
• Retail Outlets

Who is Winning?

Market players are focusing on upscaling production and expanding sales facilities to cater to the growing demand and offer enhanced consumer experience. Moreover, widening the product portfolio has also been identified as a crucial growth strategy adopted by market players to strengthen their foothold.

On these lines:

• Pro-Tek, a UK-based manufacturer, offers five different types of WPC floorings with a wide range of properties, and all the designs are phthalate-free derived from 100% recyclable materials.
• Oakia, a China-based player, specializes in manufacturing and installing outdoor flooring and decking.

FMI’s report includes profiles of some of the most prominent names in the market including Armstrong Flooring (AFI Licensing LLC), Mannington Mills, Pro Tek, Parterre Flooring, Shanghai SevenTrust Company Co., Ltd., Oakio, SPECTRA CONTRACT FLOORING, Coretec, Tecnodeck, WPC – WOODPLASTIC a. s., Leben India Private Limited, Novowood, Taizhou Huali New Materials Co., Ltd., and Nanjing Xuhua Sundi New Building Materials Co., Ltd, among others.

To Know More About WPC Floorings Market

A new market research report published by Future Market Insights (FMI) on the global WPC floorings market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030.

The report examines the market through four different segments – thickness, end-use, and region. The report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

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.

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Driven by the surging industrial uses, the gold plating chemicals market is forecast to grow at 4.4% CAGR through 2030. Future Market Insights (FMI), in its recent study, has identified the expanding applications in electronics as a chief market driver.

As key players in the sector aim at innovation and commercializing their product portfolio, the scope for application of gold plating chemicals is expected to get better. Besides this, steady demand from jewelry sector will enable the market stay afloat despite threats posed by pocket-friendly alternatives.

In its report, FMI has projected the gold plating chemicals market to surge at 4.4% CAGR between 2022 and 2030. Notwithstanding this, contraction of growth rate is imminent, even if it is for a temporary phase, during the global pandemic crisis.

Supply chain disruptions caused due to the unprecedented COVID-19 outbreak will restrict growth of the market for the most part of 2022. However, recovery is on the cards once economies resume in full swing. 2021 will most likely be the year when the market will commence regaining momentum after a period of slump during pandemic.

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FMI’s report on the gold plating chemicals market offers a holistic overview and is intended to help stakeholders gauge investment feasibility across key segments. Some of the key takeaways from the report are:

• The gold plating chemicals market is set to surpass US$ 445.5 Mn by the end of 2022. Between 2022 and 2030, the market is expected to remain steady backed by increasing applications across diverse sectors
• Demand from electronics sector will be key to growth
• High potential markets across East Asia and South Asia & Pacific will be of immense potential
• Automotive gold plating will emerge as a lucrative application segment

“Automobile OEMs are expected to demonstrate high demand for gold plating because of its long-lasting protective properties. Gold plating will also discover huge scope for application in chips used in vehicles,” said a lead analyst at FMI.”

Demand from Electronics Industry Spurring Growth

The electronics industry has significantly surged in the last few years. Encouraged by strong growth it exhibited across the world, gold plating chemicals suppliers are expecting strong demand from the electronics industry.

Application of gold plating chemicals in a variety of products from microelectronic components to aerospace machine parts such as solar photovoltaic cells has been enabling growth in the market.

While demand from the electronics industry may hit a snag in 2022, FMI projects it to recover from the first quarter of 2021. Innovations witnessed drive growth in the sector will augur well for the gold plating chemicals market.

Who is winning?

The market for gold plating chemicals is a highly fragmented, however, tier 1 companies enjoy a higher representation in terms of share. Most companies operating in the market are likely to focus on research and development activities to gain competitive edge.

While expansion strategies are a mainstay among market players, some of them have postponed their plans following the unprecedented COVID-19 outbreak. There is also immense focus on leveraging alternative distribution channels to strengthen their presence amid the tumultuous times.

Some of the leading companies operating in the market are Johnson Matthey Plc, Technic Inc., Umicore, Legor Group Spa, Matsuda Sangyo Co., Ltd., METALOR, American Elements, Hiemerle + Meule GmbH.

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Gold Plating Chemicals Market by Category

By Product Type, the market of Gold Plating Chemicals is segmented as:

• Cleaning Chemicals
• Pre-treaters
• Electrolyte Solutions
• Acids
• Additives
• Others

By Chemical Type, the Gold Plating Chemicals Business is segmented as:

• Potassium Gold Cyanide
• Palladium acetate
• Sodium succinate
• Succinic acid
• EDTA
• Others

By Application, the Gold Plating Chemicals Business is segmented as:

• Jewellery
• Infrared Reflectors
• Grating

More About Gold Plating Chemicals Market :

A new market research report published by Future Market Insights (FMI) on the global gold plating chemicals market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2022-2030. The report examines the market through four different segments – chemical, application, product, and region.

The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of gold plating chemicals and product adoption across several end-use industries.

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.

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The precipitated barium sulphate market has been gaining significantly from the expansion of construction and renovation works. In addition, the rising demand for effective coatings in automotive sector is compounding growth prospects for the market.

Future Market Insights (FMI), in its latest study, has forecast the market to rise at 3.8% CAGR between 2020 and 2030. Companies operating in the market are aiming at developing novel materials via eco-friendly methods to keep pace with changing industry needs.

The market has been significantly expanding over the last few years, especially on account of recent technological advancements. Besides this, the rising application in various types of synthetic resins is expected to boost growth.

Precipitated barium sulphate is often added as light diffusing material to synthetic resins such as acrylic resins. It is a white crystalline solid and odorless inorganic compound. It is insoluble in water and transpires into inorganic barite, which is considered as a rewarding source of barium and other materials derived using barium.

It finds wide application in paints & coatings and plastic products. With consumers’ preference for plastic products consistently rising, precipitated barium sulphate sales are poised to surge in the near future. Coatings and rubber industries too will exhibit lucrative scope for applications in the coming years.

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FMI’s report on the market offers a comprehensive overview, covering key market dynamics. Some of the takeaways from the report are as follows:

• Market valued at US$ 664 Mn, which
• Sluggish growth is expected in the current year as a result of ongoing pandemic crisis
• Market is forecast to recover, picking growth pace from 2021 onwards
• East Asia is expected to remain dominant, with China emerging as an extremely lucrative market

“The demand from paints & coatings sector will be a chief growth driver of the market. Despite temporary slump caused due to the COVID-19 outbreak, market will recover as economies return to normalcy,” said a lead analyst at FMI.

COVID-19 Impact on Precipitated Barium Sulphate Market

As the novel coronavirus tightened its noose, lockdown orders swept across various nations, causing serious dent in revenue generated across various industries.

Temporary suspension of operations on account of hindered transport, labor shortage, and material supply exposed unpreparedness of various industries. The effect was percolated to various associated markets.

The lack of operations in paints & coatings industry and other application segments resulted in loss of revenue for the precipitated barium sulphate market. This factor single-handedly has pushed the markets CAGR to lower than -1%.

Nonetheless, experts are positive about the market’s future and forecasts recovery in 2021. With governments gradually lifting restrictions and lockdown orders, industries are resuming operations, which is expected to augur well for the market.

Who is winning?

FMI in its report studies various strategies adopted by some of the leading companies operating in the market. Most companies are focusing on environment-friendly manufacturing to cater to the changing industry culture. Collaborations also remain a mainstay especially among companies looking to expand their regional footprint and product portfolio.

Some of the companies operating in the precipitated barium sulphate market are Merck KGaA, Alfa Aesar, Solvay SA, Huntsman Corporation, Guizhou Redstar Development Co., Ltd., Sakai Chemical Industry Co. Ltd. and others.

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Precipitated Barium Sulphate Market by Category

By Particle Size:

• Up to 1 μm
• Up to 3 μm
• Up to 5 μm and Above

By Application:

• Paints & Coatings
• Pulp & Paper
• Plastics & Polymers
• Rubber
• Others

To Know More About Precipitated Barium Sulphate Market:

A new market research report published by Future Market Insights (FMI) on the global compound semiconductor materials market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030.

The report examines the precipitated barium sulphate market through three different segments – particle size, application and region. The market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of precipitated barium sulphate and product adoption across several end-use industries.

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.

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As per a new market research report on hydroxyapatite published by Future Market Insights (FMI), the market is anticipated to reach a value over US$ 700 Mn by 2030 expanding at a CAGR of 8.7%.

Calcium phosphate, most commonly known as hydroxyapatite, is used as a bio active material, which interacts with tissues and also aids bone growth. It accounts for a relatively smaller share in the current scenario; however, it is expected to expand significantly over the forecast period.

It is mostly applied as coatings over the conventionally-used titanium or stainless steel implants and are projected to play an important role in 3-D printing over the coming years. From medical research it has been found that the natural human bone comprises of 70% hydroxyapatite.

“In recent years, with the advent of 3D printing and use of biomaterials for prosthetics and implants, hydroxyapatite has continued to gain prominence in its use as a biomaterial. Moreover, with increased spending on healthcare devices and treatment, the  market participants will benefit from adding a good value proposition” says the FMI analyst.

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Key Takeaways of Hydroxyapatite Study

• In terms of application, orthopedic implants are projected to hold a significant share in the global hydroxyapatite market owing to an increase in the number of knee, hip and joint replacement cases due to several factors such as the increasing aging population, accident and physical trauma, etc.
• China and North America are expected to be the most promising regions in terms of product sales. Collectively, both regions are estimated to hold over half of the market share, in terms of value, during the forecast period
• The global market for hydroxyapatite is fairly competitive, with consolidation primarily between the  top 3 manufacturers
• Key players in the market are focusing on product development as well as mergers and acquisitions to strengthen their business footprint in domestic and overseas market. Pre-emptive strategy has proven to be a key differentiator

In spite of the COVID-19 pandemic and the resultant lockdown on manufacturing, the perceived growth trend will continue to be unhindered. Though, in the initial months of 2020, the immediate lockdown will affect the production, supply and sales process, yet from the consistent demand from critical medical cases and required prosthetics, the demand of hydroxyapatite as the principal material would be sustained in the successive years. The global hydroxyapatite market is expected to witness a rebound during the first and second quarters of 2021.

Competitive Landscape:

Fluidinova, Bonesupport AB, Berkeley Advanced Biomaterials, Sigma Graft, Nano Interface Technology, SofSera, Plasma Biotal Ltd., and Premier Biomaterials are considered as some of the leading market players in the Hydroxyapatite market.

The top 3-4 manufacturers hold around half of the global market share in which these players are adopting inorganic growth strategies for the business development. Key players such as Bonesupport AB and Berkeley Advanced Biomaterials are focused on collaboration and acquisition to expand their presence in the global market.

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Hydroxyapatite Market Key Segment

By Grade

• Medical Grade
• Cosmetic Grade
• Research Grade

By Application

• Dental
• Orthopedic
• Biochemical research
• Others

Conclusion:

The positive outlook of the prosthetics and medical implants especially in developing countries of South East Asia and Latin America is expected to fuel growth of the hydroxyapatite market. Market participants are need to stick to the stringent regulations related to product composition and formulation in several countries. Development of 3D print compliant grades is the key trend amongst the market participants.

The research report analyzes the consumption of hydroxyapatite on the basis of value (US$ Mn) and volume (Tons). The global market projection is based on the factors such as dental and orthopedic implants market growth, biomaterials market growth outlook, availability of substitute materials, stringent regulations employed for medical implants, demand rate from region and respective scope of application, pricing and availability of the product.

As per our research scope, we have drilled down the market by considering the medical grade, research grade and cosmetic grade. The scope of the research report includes the application of Hydroxyapatite used in dental, orthopedics, biochemical research and others.

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The global customer revenue optimization (CRO) software market is expected to rise at a CAGR of 7.1% to reach a market valuation of US$ 18.2 Bn by 2032 from US$ 9.2 Bn by 2022.

Rising technological advancements, coupled with effective business workflow potential, are key driving forces for customer revenue optimization software market size growth. Furthermore, the rising demand for revenue management solutions across a wide range of industries has had a positive impact on the market for customer revenue optimization software.

Customer revenue optimization (CRO) software is a CRM evolution that uses data from that system for intelligent power interactions. Relationship maps and organizational charts, sales analytics, customer account planning, automated deal renewal, and other applications may be included in a customer revenue optimization system to help win bigger deals by better knowing the client.

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List of Key Players Covered in Customer Revenue Optimization (CRO) Software Market are:

• Altify
• Revegy Inc
• Gainsight Inc.
• Sales Optimizer LLC
• Evergent Technologies Inc.

Demand for customer revenue optimization software has been high as a result of its ability to improve business productivity standards, which has acted as a primary driving element in the market’s significant expansion. Customer revenue optimization software enables businesses to maximize income per customer while keeping a solid customer relationship.

Furthermore, customer revenue optimization software functions as an updated version of CRM software, assisting sales teams in increasing revenues by leveraging data from marketing, customer service, and other sources.

The customer revenue optimization (CRO) software market adoption trends indicate that the software is becoming increasingly popular among businesses because it provides real-time business insights much faster than traditional methods, increasing team efficiency and raising performance expectations.

Key Takeaways

• The sales analytics deployment segment of the customer revenue optimization (CRO) software market is expected to rise at a CAGR of 7.1% throughout the forecast period.
• Rising technical improvements, as well as the software’s potential to improve business productivity standards, are some of the primary driving factors fueling the market for customer revenue optimization software. During the forecast period, North America is expected to have a significant increase in the worldwide customer revenue optimization software market. High investments in research and development have contributed to the region’s high growth in the customer revenue software industry. Large organizations across the area are increasingly adopting revenue management systems, which has fueled the expansion of customer revenue software and improved the customer revenue optimization (CRO) software market outlook.
• The US customer revenue optimization software market size is expected to reach US$ 6.3 Bn by 2032. Rising digitalization, as well as the expansion of industrial sectors aimed at boosting corporate productivity standards, is having a significant impact on the growth of the customer revenue optimization software market in this area.

The customer revenue optimization (CRO) software market adoption trends indicate that the software is becoming increasingly popular among businesses because it provides real-time business insights much faster than traditional methods, increasing team efficiency and raising performance expectations.

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Regional Insights

North America is expected to grow at a significant rate in the worldwide customer revenue optimization software market, with an anticipated CAGR of 6.9% expected during the forecast period. Significant investments in research & development activities have aided in the region’s high growth in the customer revenue software industry.

Large organizations across the area are increasingly adopting revenue management systems, which has fueled the expansion of customer revenue software.

By Region:

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

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Future Market Insights, an ESOMAR certified market research firm, opines that sales of silanes are anticipated to soar with their high usage as sealants, adhesives and protective coatings in the construction sector.

The market is also gaining traction with the use of silanes as process additives in the manufacture of PU foam for well insulated and energy efficient buildings. Sustained demand from the medical sector is also likely to drive growth through 2030, according to the latest study.

Scoring high on the performance index, silanes have proven ideal for a range of medical applications. Silanes are increasingly being used in dental care, drug and transfusion delivery systems, prosthetics, cooling caps, breathing tubes and hearing aids. As key biomaterials, silanes are used in many pharmaceutical products as actives and excipients.

“The current pandemic has led to high manifestation of silanes in the healthcare and pharmaceutical sector with pronounced usage in pacemakers and tubing applications. Demand growth in this sector is slated to be high in the near term”

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Key Takeaways of Silanes Market Study

• High growth of silanes is sustained in Asia Pacific which is slated to be a regional behemoth in the chemicals sector
• Organo-functional silanes are set to capture substantial chunk of market value and have shown benefits in water scavenging, cross linking and adhesion promoting
• The electronics sector is additionally set to offer lucrative market opportunities for silanes in electronics industry such as semi-conductor components, integrated circuits, computers, power electronics, LEDs and automotive electronics
• The high utilization of silanes in green tires is set to improve automobile fuel efficiency by at least 4%-5%

R&D a Key Focus Area for Silanes Manufacturers

The competition landscape of silanes is characterized by a network of market behemoths who are continuously scaling up through innovative product launches. Many of the players are focusing on the diverse applications of silanes for a more balanced portfolio. For instance:

• Silanes have found their way in a number of adhesive innovations. For instance 3M announced a new product for their commercial vehicles. CV90F belongs to the commercial vehicle tape family providing strength with a multi-purpose adhesive. This adhesive used in vehicle tapes keeps the surface smooth
• Sikagard SN-40, a product by SIKA USA is a water-repelling silane sealer. It is specially formulated to provide a tough barrier against water entry in concrete

Market Set for Strong Recovery Post Pandemic

The COVID-19 crisis has led to subdued demand for silanes in the near term. The institution of social distancing and regional lockdowns has crippled supply chains thus affecting demand and supply of silanes.

Raw material shortages are also impacting the manufacturing of silanes. On this premise, the market will contract substantially in 2020-2021. However, the market is slated for a quick recovery and will witness 1.5X growth in consumption over the forecast period.

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Silanes Market By Category

By Product Type, the Silanes market is segmented as :

• Organo Functional Silanes
• Mono/Chloro Silanes
• Others

By Application, the Silanes market is segmented as :

• Rubber
• Plastics
• Nylons
• Adhesives & Sealants
• Fiberglass and Composites
• Paint, Ink, and Coatings
• Electronics
• Mineral and Filler Treatment
• Surface Protection
• Others

By End Use, the Silanes market is segmented as :

• Building and Construction
• Oil & Gas
• Electrical and Electronics
• Automotive and Aerospace
• Medical and Pharmaceuticals
• Chemical and Other Industries

Find More Valuable Insights on Silanes Market:

FMI in its new market research study, offers an unbiased analysis of the hydrogen electrolyzer market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global silanes market through four different categories – product type, capacity, outer pressure, end user and region.

The global silanes market study provides information of pricing by different application analysis, product life cycle, capacity assessment, key market trends and technologies which are being implemented in the deployment of silanes and product adoption in varied end use industries.

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

Unit No: 1602-006
Jumeirah Bay 2
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