Market Research Blog – Page 11774 – New Product Development

Ferric Sulphate and Polyferric Sulphate Market is Witness the Largest Value Size of over US$ 160 Mn by the end of 2027

The demand for Polyferric Sulphate and Ferric Sulphate is expected to grow in the coming years owing to the industrial growth taking place worldwide and increase in water management regulations. This revelation is made by a new research report released by Future Market Insights.

The report titled ‘Ferric Sulphate and Polyferric Sulphate Market: Global Industry Analysis 2012–2021 and Opportunity Assessment 2022–2027’presents the complete market scenario of these iron based coagulants. This comprehensive research study further highlights major factors impacting the growth of the ferric and polyferric sulphate market worldwide and also the most lucrative regional market.

According to the key outcomes of this research on the ferric and polyferric sulphate market, the high rate of global industrialisation is resulting in an increase in water contamination. With the increasing awareness in developing countries about water conservation and reuse, governments in these economies are enforcing stringent regulations for proper treatment of sludge.

As a result, it has been made mandatory for industries to treat sludge before disposal. Ferric and polyferric sulphate works as a major water treatment chemical and growth in demand is expected to spur in the near future.

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Municipal and Domestic to be Dominating End Use Sector

The Municipal & Domestic sector is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive market segment during the forecast period. This segment is expected to account for over 25% market share both in terms of value and volume during the forecast period.

This is a result of increasing efforts towards water conservation activities by industry bodies, municipal corporations and environmental associations. Various regulations have been formed by environmental agencies and government authorities, which aim to achieve water conservation and reduce water pollution.

Sludge treatment is an integral part of such activities. During the forecast period, new water and sludge treatment facilities are expected to come up across the globe, which is anticipated to drive the consumption of sludge treatment chemicals across respective regions. With such trends prevailing in the world, the municipal and domestic sector is expected to reach a market value of over US$ 140 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.

APEJ and Latin America to Closely Compete in Terms of Growth Rate

Due to the expansion of key players and the presence of a large number of companies in the Chinese market, APEJ is expected to be the most attractive regional market for ferric and polyferric sulphate during the forecast period. APEJ is expected to witness the largest market size of over US$ 160 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.

Other than APEJ, Latin America and Eastern Europe are also expected to be lucrative regions with Latin America CAGR by Value 4.5%. This growth can be attributed to the rising demand for clean water in Brazil, Mexico and other parts of Latin America.

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Ferric sulphate and polyferric sulphateMarket by Category

By Product Type:

Ferric Sulphate
Poly Ferric Sulphate

By End Use:

Municipal & Domestic
Power Generation
Oil & Gas
Chemicals
Mineral & Metallurgy
Food & Beverages
Pulp & Paper
Others

By Region:

North America
Latin America
Estern Europe
Western Europe
APEJ
Japan
Middle East & Africa

Competitive Landscape

Some of the key players mentioned in the report are Pencco, Inc., Altivia Chemicals, LLC, Kemira Oyj, Chemifloc Limited, Hunan Yide Chemical Co.,Ltd., Lubon Industry Co.,Ltd., Chemtrade Logistics Inc.,, Clinty Chemicals, Henan Aierfuke Co. Ltd., BAUMINAS Group, Airedale Chemical etc.

What was the Impact of COVID-19 Crisis on Global Market of Ferric sulphate and polyferric sulphate?

The unprecedented outbreak of the SARS-COV-2 virus in the year 2020 has significantly impacted the global economy as well as affecting the industrial sector. Decrease in demand from the consumers and low production rate of the manufacturing sector has resulted in lower demand for a product. All these have significantly impacted the supply chain network overall impacting the economic growth.

Low growth in the industrial sector of chemicals, oil & gas, paper and pulp, minerals & metallurgy and others have significantly impacted the business of iron sulphate compounds during the pandemic crisis. However, with the recovery of the economy and improving industrial sector have enhances the demand of sulphates of iron.

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Sulphur Bentonite Market | Overview With Geographical Segmentation By Revenue With Forecast to 2029

Up from the global market value of US$ 188 Mn attained in 2021, sales of sulphur bentonite will observe promising growth during the forecast period, 2022 – 2029. A new market research report by Future Market Insights (FMI) on the sulphur bentonite market forecasts a promising growth outlook for the market during the decade-old period of projection. Demand from China would account for nearly 50% of total market value towards the end of 2029.

The report opines that market growth will be primarily driven by rapid growth in demand for increased crop yield. Application will be promising in oilseeds, fruits and vegetables, cereals, pulses, crops, lawns, turf, and trees.

Key Takeaways – Sulphur Bentonite Market

Sulphur bentonite remains among the most intense sulphur carriers that helps in boosting crop yield and field productivity.
Sulphur bentonite is widely used as a fertilizer for numerous crops, cereals, vegetables such as oil seeds, rice, corn, onion, and citrus fruits.
Growing concerns regarding balanced plant nutrition and a significant increase in production and crop yield with the use of sulphur bentonite are projected to create traction in the market.
Asia Pacific (APAC) will hold a significant value share in global sulphur bentonite market, owing to the large agricultural base in the region.
China’s supremacy would further continue to solidify the position of APAC as an attractive market.

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With cultivating land soils facing continued sulphur deficiency, it is likely that sulphur bentonite consumption will be on an upward trend through the foreseeable future. The progressing local and foreign investment scenario in agriculture will also fuel the growth of sulphur bentonite market.

Oilseeds to Remain Key Application Area

Based on the market analysis by application, oilseeds are projected to hold significant value share in global sulphur bentonite market. The use of sulphur bentonite as a fertilizer for oilseeds such as rapeseed, soybean, groundnuts, and sunflower will see significant growth over the forecast period. This can be attributed to the increase in crop yield and oil content with the use of such fertilizers.

However, the cereals, pulses, and crops segment is estimated to experience lucrative growth opportunities in the market. The fruits and vegetables segment is estimated to grow at a high CAGR. The growing production of fruits and vegetables such as onion, garlic, ginger, and citrus fruits in the region is also projected to drive the market demand. Applications such as lawns, turfs, trees, and others are projected to remain niche application segments.

Sulphur Bentonite Markey by Category

By Application:

Oilseeds
Cereals, Pulses, and Crops
Fruits and Vegetables
Lawn, Turfs, Trees and Others

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific
Middle East & Africa

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Sulphur Bentonite Market – Key Vendor Insights

The report presents some of the key market players, who are known as leaders in the global sulphur bentonite market. Some of the prominent players operating in the global sulphur bentonite market are Tiger-Sul Inc., National Fertilizer Limited, NEAIS, Coromandel International Limited, Sohar Sulphur L.L.C, Deepak Fertilizers and Petrochemicals, Coogee Chemicals Pty Ltd., H Sulphur Corp, Galaxy Sulfur, LLC, Montana Sulphur & Chemical Co., Zafaran Industrial Group Company, ABU DHABI FERTILIZER INDUSTRIES CO. W.L.L., and Devco Australia.

What was the Impact of COVID-19 Crisis on Sulphur Bentonite Market?

The impact of the COVID-19 pandemic on the chemical and materials industries was moderate. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on sales of sulphur bentonite. However, the pandemic led to a severe increase in demand for crops, vegetables, and other food-source plants.

This increase ensures that in order to maintain the high quality of food produced, the plant and crop sources are adequately supplied with the necessary nutrients. Hence, this saved the sulphur bentonite market from a greater drop.

As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects in the sulphur bentonite market. Increasing prospects of sulphur bentonite in oilseed applications are also expected to boost demand for the chemical in the forthcoming years.

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Lactic Acid Esters Market | Trends, Opportunities, Emerging Technologies and Growth Analysis by Forecast to 2027

The report covers the impact of factors that change from region to region thus changing the scenario of the lactic acid esters market in that particular region. This gives a brief idea about the market potential for lactic acid esters in various regions that the reader can use to plan future expansion.

The comprehensive research study portrays a realistic picture of the global lactic acid esters market by including a weighted market segmentation along with forecast projections from 2017 till 2027, a period of 10 years.

Analytical research report published by Future Market Insights covers various aspects of the global market for lactic acid esters. The report reveals analysis on end use industries using lactic acid esters for various applications.

It lays emphasis on opportunities for growth in the lactic acid esters market along with key factors pushing the growth of the global market. The various facets of the global market across important geographies are monitored.

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Global Lactic Acid Esters Market: Competitive Assessment

The research report on global lactic acid esters market covers analysis on various key players operating in the market. The list includes major companies such as Stepan Company, Merck KGaA, Galactic, Corbion N.V, GODAVARI BIOREFINERIES LTD., Cellulac, Henan Jindan Lactic Acid Technology Co., Ltd., Musashino Chemical Laboratory, Ltd., Zhengzhou Tianrun Lactic Acid Co., Ltd., Shenzhen Esun Industrial Co., Ltd., QINGDAO ABEL TECHNOLOGY CO.,LTD., Yancheng Huade Biological Engineering Co.,Ltd., and Vetrtec Biosolvents Inc.

Global Lactic Acid Esters Market: Forecast Analysis

According to this research report, the global lactic acid esters market is expected to reach an estimate of around US$ 410 Mn by the end of the year of forecast, 2027, from a valuation of about US$ 209 Mn in 2017. The global market for lactic acid esters is projected to grow at a value CAGR of 6.9% during the period of assessment.

Global Lactic Acid Esters Market: Segmental Snapshot

The global lactic acid esters market is segmented on the basis of product type, application and region.

With respect to product type, ethyl acetate is expected to show high adoption across industries in the coming years. The ethyl acetate segment is projected to be the largest with a market share in excess of 65% during the forecast period, consequently leading the global market.
By application, the electronics and food and beverage segments are expected to largely contribute to the revenue growth of the global market for lactic acid esters in the coming years. Of these, the electronics segment is poised to show a much higher market value.
By region, North America is the largest reflecting a high market attractiveness. However, the lactic acid esters market in Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher rate during the forecast period.

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Market Segmentation

By Product Type:

Ethyl Lactate
Methyl Lactate
Butyl Lactate
Others

By Application:

Electronics
Paints & Inks
Agrochemicals
Pharmaceuticals
Food & Beverages
Others

Global Lactic Acid Esters Market: Dynamics Influencing Growth

Higher inclination towards use of green solvents in various industries, growing electronics sector across the globe, market consolidation and expansion, favourable government policies, rising food and beverage sector, availability of technologically advanced infrastructure, increasing focus on value added products coupled with favourable FDI policies, availability of natural feedstock and growth in personal care sector are expected to contribute to the growth of the global lactic acid esters market.

Lactic acid esters adoption scenario in the agrochemicals and pharmaceutical sectors during 2017-2027

Lactic acid esters are finding increased use in agrochemicals and pharmaceuticals. In agrochemicals they are used to produce environment friendly insecticides and pesticides. In the pharmaceutical sector, lactic acid esters are used in manufacturing ointments and medicines.

The agrochemical segment is expected to show increased adoption of lactic acid esters as compared to pharmaceutical segment, and is poised to grow at a comparatively higher rate during the forecast period.

However, the use of lactic acid esters has been prominent since past years in the pharmaceutical sector, which makes this segment a significantly larger with respect to valuation than the agrochemical segment.

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Cloud Billing Market is Poised to Increase at a Steady CAGR of 15.2%, Reaching US$ 16.8 Billion by 2032

The global market for cloud billing is anticipated to grow steadily at a CAGR of 15.2 percent, from US$ 3.5 Bn in 2021 to US$ 16.8 Bn in 2032.

One of the most powerful drivers driving cloud billing tools and service adoption across regions is the expanding number of cloud billing enrollees. Cloud billing suppliers are projected to benefit from factors such as increased international student mobility and more government efforts and financing.

The pandemic has been beneficial to the cloud billing market. Due to the COVID-19 pandemic, cloud billing systems, particularly usage-based pricing, have gained appeal as businesses adjust their budgets and preferences to survive the pandemic.

Furthermore, enterprises all over the world are increasing their investments in cloud billing systems to maintain operations. Governments are introducing programs to assist companies during the pandemic, with a specific focus on small and medium-sized enterprises (SMEs).

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The COVID-19 pandemic has also spurred cloud adoption across industrial sectors, as customers seek to take advantage of cloud benefits, including scalability and cost savings.

With its cost-cutting and improved business agility benefits for cloud billing markets of all sizes, emerging cloud technology is gaining a lot of momentum throughout the world.

Cloud billing solutions save money for businesses since they lower the amount of IT resources and infrastructure required by requiring less integration and expensive hardware, as well as decreasing the risk of vendor lock-in for billing activities. As they replace human procedures, these billing solutions result in cheap capital and operational costs.

Billing and revenue data may give benefits such as quick insights into the health of a digital transformation project, and the ability to make timely adjustments by examining the impact of system changes on KPIs Analytics in cloud billing may help with things like consumer purchasing behavior analysis, managing complicated financial structures and parameters, and creating and implementing new pricing models, among other things.

As a result, businesses in the cloud billing market are attempting to develop more BI and insights.

During the projection period, North America is estimated to account for the greatest cloud billing market share. For main industries, including telecoms, IT, BFSI, and telephony, North America is predicted to be the most promising cloud billing market. COVID-19 has a significant influence on North America.

Various manufacturing enterprises have ceased operations as a result of the lockout, and as a result, they are employing fewer cloud services. North America is divided into two parts in this report: the United States and Canada. The United States is predicted to contribute significantly to the growth of the cloud billing market in North America. Cloud billing solutions and service providers are projected to see significant growth in Canada.

Key Takeaways:

The solutions from the cloud billing market are expected to grow at the fastest CAGR of 15.1% in the component sector.
The public cloud is expected to grow at a high rate in the deployment type sector of the cloud billing market, with a CAGR of 15.0%.
The market size for cloud billing in the United States is expected to reach US$ 6 Billion by 2032, growing at a CAGR of 15.0% during the research period.
United Kingdom is expected to reach a market size of US$ 693.9 Million in cloud billing by 2032, with a CAGR of 13.9% during the research period.
China’s cloud billing market is expected to be worth US$ 1.2 Billion by 2032, with a CAGR of 14.5% over the forecast period.
Japan is expected to have a market size for cloud billing of US$ 1 Billion by 2032, with a CAGR of 13.4% during the research period.
By 2032, South Korea is expected to reach a market size of US$ 606.7 Million in cloud billing, with a CAGR of 13.0% during the research period.

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COMPETITIVE LANDSCAPE:

Companies that provide cloud billing services have been seen extending their company by adding new items to their existing portfolio. Many organizations are effectively putting forward their brand value through proven business tactics such as acquisitions, collaborations, and so on and are investing heavily to maintain a competitive advantage in the cloud billing market.

Oracle
Salesforce
Sap
Zuora
Aria Systems

Are among the most important cloud billing market participants.

Aria Marketplace Suite was introduced in July 2020 by Aria Systems. B2B and B2C marketplace companies may use Aria Marketplace Suite to simplify their operations. Aria Marketplace Suite provides cloud billing market operations with revenue and product management capabilities, as well as a smooth billing and payment experience.
SAP made enhancements to SAP Subscription Billing in September 2020. Sending alerts before and after an allowance expires, finishing outstanding subscriptions, establishing allowance pricing, and setting cancellation notice dates are all possible with the new future.

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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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Aerial Imaging Market is Anticipated to Register Staggering CAGR of 13.3% During the Period of 2022-2032

According to a recent study done by Future Market Insights, the Aerial Imaging Market is expected to reach US$ 10.5 Billion by 2032, up from US$ 3.0 Billion in 2022, expanding at a high CAGR of 13.3%. This study explains that the Aerial Imaging companies are consistently focusing on developing advanced camera systems for a wide range of imaging applications. This factor is expected to fuel the market growth during the forecast period.

Major factors expected to accelerate the growth of the Aerial Imaging Market during the forecast period include rise in demand for aerial imaging in disaster risk reduction and prevention, surge in demand for varied commercial applications and use of aerial imaging technology in setting up 5G infrastructure.

Additionally, the adoption of aerial imagery services has increased owing to their various applications such as photogrammetric surveys, development of topographic maps, environmental studies, surveillance, and others. Increased application areas among various verticals, such as agriculture, forestry, energy & resource, and civil engineering. These are some other factors that will propel the market growth over the analysis period.

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List Of Key Players Covered in Aerial Imaging Market are:

Nearmap Ltd.
Eagle View Technologies Inc.
Digital Aerial Solutions LLC
Aerial Imaging Productions LLC
Cooper Aerial Surveys Co.
Landiscor Real Estate Mapping
Kucera International Inc.
GeoVantage
Inc. (Aeroptic LLC)
Global UAV Technologies Ltd. (High Eye Aerial Imaging Inc.)
Eagle Aerial Solutions
Aerobotics (Pty) Ltd.
Airobotics GmbH
SkyIMD Inc.

Key Takeaways from the Market Study

Global aerial imaging market was valued at US$ 3.0 Bn by 2022-end
The US to account for the highest value share of US$ 3.9 Bn of global market demand for Aerial Imaging Market in 2032
From 2015 to 2021, Aerial Imaging demand expanded at a CAGR of 13.9%
By Application, the Geospatial Technology constitutes the bulk of Aerial Imaging market with a CAGR of 14.2%.

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Competitive Landscape

Players in the global Aerial Imaging Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In January 2022, Iris Automation, Doosan Mobility Innovation (DMI), and Drone America agreed to use Doosan’s hydrogen fuel cell technology to explore feasibility and opportunities for long-range autonomous unmanned aerial vehicles (UAV).
In December 2021, the US Navy and Boeing initiated the testing phase of the MQ-25 T1 test asset, an unmanned aerial refueler. The first test successfully ensured the possible future integration of unmanned vehicles for refueling purposes in military operations.
In July 2021, senseFly, a leading provider of fixed-wing mapping drones, announced the launch of eBee TAC, an advanced fixed-wing Unmanned Aircraft System (UAS) designed for covert tactical mapping operations in security defense and governmental sectors. The eBee TAC provides active field personnel access for reliable and accurate location data and maps, offering field intelligence and situational awareness required to act with confidence and precision across rapidly-changing environments.

Know More About What the Aerial Imaging Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Aerial Imaging Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Aerial Imaging Market, the market is segmented on the basis of application, and end-use industry across five major regions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Detailed Table of Content:

Preface
- Market Definition and Scope
- Market Segmentation
- Key Research Objectives
- Research Highlights
Assumptions and Research Methodology
Executive Summary : Global Aerial Imaging Market
Market Overview
- Market Dynamics
- Key Market Trends
Global Aerial Imaging Market Analysis and Forecasts, By End-use Industry
- Introduction & Definition
- Market Size (US$ Mn) Forecast, By End-use Industry
Global Aerial Imaging Market Analysis and Forecasts, By Application
- Introduction & Definition
- Market Size (US$ Mn) Forecast, By Application

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Chatbot Market is Anticipated to have a Prodigious CAGR of 21.8% During 2022-2032

The global chatbot market is anticipated to reach a valuation of US$ 4.2 Bn by 2032 from US$ 580.3 Mn in 2022, rising at a CAGR of 21.8% throughout the forecast period. In 2020, the chatbot market was projected to have a modest slowdown due to the worldwide shutdown. The COVID-19 epidemic has shook almost every business, causing a surge in turnover.

Despite the fact that crucial items are exempt from the lockdown, the shortage of workers to operate on manufacturing lines, supply networks, and transportation has a negative impact on the availability of vital commodities. The issue is likely to be under control by early 2021, with demand for chatbot solutions and services expected to surge as businesses attempt to improve customer experience and build tailored relationships with prospects.

A wide variety of chatbot solutions and services will be used by a variety of industries to support digital transformation programs that address mission-critical procedures, improve operations, and differentiate customer viewing experiences. Reduced operating costs, improved customer experiences, resolution of customer problems, increased visibility into processes and operations, and improved real-time decision-making are all expected to drive the chatbot market adoption trends.

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Lack of awareness and problems associated with management change may have an impact on chatbot market growth to some extent. Though chatbot solutions are becoming more popular in a variety of industries, issues with successful implementation and a lack of understanding of the benefits given by AI-powered chatbot solutions may hinder their acceptance in developing regions such as Latin America and Africa.

Furthermore, large enterprises are at the forefront of using chatbot solutions; however, SMEs have limited acceptance of the same due to the costs involved with their upkeep and a lack of experienced people. However, as SMEs become more aware of chatbot solutions, the usage of chatbot solutions is projected to increase in future years.

As per the global chatbot market study, self-learning bots with data-driven behaviour are powered by NLP technology and self-learning capabilities (supervised machine learning) and can provide more human-like and natural communication; they also learn from their own mistakes.

Key Takeaways

The US chatbot market is expected to rise rapidly at a high CAGR of 26.8% throughout the forecast period.
During the projected period, APAC is expected to grow at the fastest rate. APAC countries are technologically advanced and provide significant investment and income prospects.
In terms of market size, the standalone segment dominated the chatbot market in 2020, accounting for 56.9% of total revenue.
The mobile segment is expected to grow at a CAGR of 24.1% throughout the forecast period.

Competitive Landscape

Some of the key players operating in the chatbot market include MindMeld, IBM, Google, Oracle, Conversica, Nuance, Inbenta, Aivo, Personetics, AWS, Microsoft, LiveChat, Creative Virtual, and Artificial Solutions.

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Recent Developments

Kore.ai introduced a Virtual Assistant Platform in Japanese in February 2021. The Kore virtual assistant platform was published in Japanese to better address the demands of the Japanese market and to expedite the adoption of virtual assistants. This will aid enterprise customers in shortening time-to-market and improving customer experience in their local tongue.

Saykara, Inc., a like-minded business focusing on building a mobile AI assistant to automate clinical paperwork for physicians, was acquired by Nuance in February 2021. Nuance’s continued market expansion and technological leadership in conversational AI and ambient clinical intelligence (ACI) solutions that minimize clinician burnout, improve patient experiences, and improve overall health system financial integrity are highlighted by this purchase.

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Acoustic Insulation Market Growing at a CAGR of 4.6% During Forecast Period 2022-2032

The global acoustic insulation market is expected to secure US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022. The market is projected to garner US$ 22.9 Billion in 2032 while expanding at a CAGR of 4.6% during the forecast period. Increased affordable capabilities of the middle-class population are expected to have played a major role in driving the market in the assessment tenure.

The growing focus to develop building infrastructure to offer a convenient environment in public areas has resulted in a surged sound barrier installation across various sectors like railways, highways, airport runaways, stations, and others.

Also, increasing product launches is another salient cause driving the market. For instance, in January 2021, Armacell disclosed a strategic partnership with German TITK Group and Melamine. Armacell announced to manufacture competent insulation products with melamine resin-based nonwovens. It is flame and UV-resistant.

In another instance, in August 2020, Armacell rolled out ArmaGel DT acoustic insulator. It gives exceptional low thermal conductivity and high acoustic performance and has lessened insulation thickness against its other insulation counterparts. With the launch of such updated and advanced products, the market is anticipated to expand in the coming time.

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On the other hand, the sluggish growth of construction activities in Europe is likely to act as a significant hindrance to market growth. Also, volatility of raw materials and high demand for raw materials containing greenhouse gases are some of the other causes impeding industry growth. However, with the advent of aerogel, the market is anticipated to counter the hampering cases, aiding in market expansion.

Key Takeaways

The global acoustic insulation market to garner US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022.
The global acoustic insulation market to value US$ 22.9 Billion in 2032 and record 4.6% CAGR during the forecast period
The building and construction segment to record a 4.1% CAGR
The foamed plastic segment to exhibit a 4.3% growth rate
The U.S market to be valued at US$ 7.4 Billion, exhibiting 4.2% CAGR during the forecast period.

Competitive Landscape

Key players in the global acoustic insulation market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S, among others. Recent developments among players include:

In January 2020, Saint-Gobain acquired Sonex in Brazil, a company renowned for manufacturing and supplying acoustic ceiling systems, marketed in particular under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected to expand the group’s position in Brazil.

In August 2020, Armacell rolled out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to customers globally with fine quality.

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Key Segments Covered in the Acoustic Insulation Market Survey

Acoustic Insulation by Type:

Glass Wool Acoustic Insulation
Rock Wool Acoustic Insulation
Foamed Plastic Acoustic Insulation
Elastomeric Foam Acoustic Insulation

Acoustic Insulation by End Use Industry:

Acoustic Insulation for Building and Construction
Acoustic Insulation for Transportation
Acoustic Insulation for Oil & Gas and Petrochemicals
Acoustic Insulation for Energy & Utilities
Acoustic Insulation for Industrial & OEM

Acoustic Insulation by Region:

North America Acoustic Insulation Market
Europe Acoustic Insulation Market
Asia-Pacific Acoustic Insulation Market
Middle East & Africa Acoustic Insulation Market
Latin America Acoustic Insulation Market

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global acoustic insulation market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (glass wool, rock wool, foamed plastic, elastomeric foam) and end use industry (building and construction, transportation, oil & gas, and petrochemical, energy & utilities, industrial & OEM) across five major regions (North America, Latin America, Europe, Asia Pacific and the Middle East & Africa)

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Business Intelligence Market Growing at a CAGR of 7.0% Between 2022 and 2032

The business intelligence market is expected to rise at a CAGR of 7% throughout the forecast period. The valuation of the business intelligence market is projected to reach US$ 52.6 Bn by 2032 from US$ 26.7 Bn in 2022.

The demand for business intelligence is predicted to rise as a result of various factors such as an increased focus on digital transformation, increased investments in analytics, increased demand for data visualization dashboards, increased cloud use and increased data generation.

As per the latest business intelligence market adoption trends, cloud computing and big data analytics have gained traction in recent years. As a repository for structured and unstructured data, cloud computing is seen as a suitable platform for providing BI applications. Studies by FMI have indicated that big data technology has enabled these tools to analyze vast amounts of data in order to provide businesses with actionable insights that help them evaluate opportunities and improve marketing strategies.

The widespread use of social media and other internet services, such as over-the-top services and e-commerce, which generate massive volumes of heterogeneous data, is expected to boost the business intelligence market size.COVID-19 has heightened the requirement for all businesses to put their data to work in order to speed up decision-making. A thorough business intelligence approach can assist organizations in defining suitable metrics to better withstand a crisis, which can be a silver lining for many enterprises during these trying times.

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Business intelligence allows firms to examine their operations more closely by identifying what they are doing well and where they may improve, positively impacting the business intelligence adoption trends. The goal of business intelligence is to use data to create better and more profitable decisions.

For small and mid-sized businesses, the cost of adopting business intelligence infrastructure is a major problem. In addition, the business intelligence market growth is anticipated to be hindered by a lack of competent data science specialists, consulting analysts, and professional IT experts.

Key Takeaways

By deployment model, the cloud segment of the business intelligence market is expected to advance at a CAGR of 6.4% throughout the forecast period.
The FMI study indicates that the US business intelligence market is projected to reach a valuation of US$ 18.3 Bn by 2032.
Due to the increased requirement for workforce management, the HR business function segment is expected to develop at a faster rate during the projection period. Several firms are implementing business intelligence technologies to allow HR managers to make real-time personnel decisions.
The solutions segment is projected to grow at a CAGR of 6.9% throughout the forecast period.

Competitive Landscape

As per the business intelligence market analysis by FMI, Strategic alliances, partnerships and affiliations, and mergers and acquisitions are just a few of the basic business tactics used by the business intelligence market participants to improve their market position in a fiercely competitive and segmented industry.

To enhance their products in the market, business intelligence suppliers have used a variety of organic and inorganic growth techniques, such as new product launches, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions. Google, Salesforce, Oracle, Qlik, Board International, Infor, SAP, AWS, Sisense, MicroStrategy, DOMO, TIBCO, Yellofin, Teradata, Information Builders, IBM, and Microsoft are the major vendors in the global business intelligence market.

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Recent Developments

Sandbox, a new tool on the Domo platform, was announced in September 2021 by Domo, Inc. It’s utilized to help customers create and promote content for production in a variety of industries.

IBM Corporation and SAP SE have teamed up to develop creative solutions to deliver intelligent technology and apps for data-driven insights in June 2020. The organizations are likely to use SAP’s business technology platform & Intelligent Suite, as well as IBM’s artificial intelligence, machine learning, analytics, and automation technologies as part of this agreement.

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ASEAN Safety Sensors And Switches Market Accounting For The Largest Market Share Of 34.7% In 2022

The safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022. With rising adoption of ASEAN safety sensors and switches for minimizing the personal and institutional damage, the overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028.

Almost everywhere, safety sensors and switches are being installed, particularly in manufacturing and processing industries such as automotive, oil and gas, pharmaceuticals, and food and beverages, where the risk of institutional and personnel damage is high. The high demand from these industries as a result of personnel safety regulations is expected to drive the growth of the region’s safety sensors and switches market.

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Automotive & Aerospace Industry Generating Notable Demand

According to the report, the oil & gas industry’s resurgence, soaring utilization of heavy duty machinery across verticals, and thriving pace of industrial automation and Industry 4.0 adoption will collectively necessitate the demand for streamlining of safety and security measures, thereby driving the revenue of ASEAN’s safety sensors and switches market.

Currently, over 60% of overall demand for safety sensors and switches is underpinned by the industrial end use sector, a third of which is accounted by the automotive and aerospace industry, followed by food and beverages industry operators. FMI’s analysis reveals that oil & gas, metal & mining, and packaging industries will demonstrate high growth potential in the near future, in terms of adoption of safety sensors and switches.

The report attributes surging installations of safety sensors and switches across industrial space to the tightening regulatory framework related to workplace safety and security, particularly for industrial workers. ASEAN economies are looking forward to levy stringent safety regulations in the case of industries and commercial spaces to avoid any kind of damage or loss to property or life. This according to the report has created a potential opportunity for the safety sensors and switches market.

Moreover, while new installations of safety sensors and switches account for just-under 80% of the ASEAN’s total market value, FMI opines that the preference of end-use industries for new installation over retrofit will prevail in years to come.

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ASEAN’s Manufacturers Facing Pricing Pressure

ASEAN market competition has been witnessing incessant support from prominent safety sensors and switches market participants based overseas. All the manufacturers are competing against each other as well as with foreign players in the machine safety products market to firm up in the marketplace. Moreover, several start-ups have been considering sustainability as a key area of focus in the safety sensors and switches development. According to FMI’s analysis, this increasing competition scenario is imposing a negative impact on the price setting strategy, which is compelling manufacturers of safety sensors and switches in the ASEAN region to deliver offerings at lower prices.

Competitive Landscape

The safety sensors and switches market report profiles some of the key companies that are operating in the ASEAN safety sensors and switches market, including Schneider Electric, Honeywell International, Emerson Electric Co., Eaton, Carlo Gavazzi Automation S.p.A., OMRON Corporation, OMEGA Engineering, WIKA Alexander Wiegand SE & Co. KG, TE Connectivity, VEGA Instruments Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments, Infineon Technologies AG, Murata Manufacturing Co., Ltd., Panasonic Corporation, Phoenix Contact, KEYENCE Corporation, and ZEBRA.

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Demand For Seam Welding Machine Is Projected To Rise At Steady CAGR Of 3.8% During 2022-2032

The demand for seam welding machine is projected to rise at a steady CAGR of 3.8% during 2022-2032. The global seam welding machine market size is anticipated to be valued at US$ 1,415.6 Mn in 2022 and is projected to surpass US$ 2,055.5 Mn by 2032.

The growing demand from end users such as the construction and infrastructure, consumer durable goods, and transportation industries is propelling the growth of the seam welding machine market. Additionally, increased demand for new automobiles and aircraft, as well as increased use of seam welding machines in the construction and infrastructure industries, are expected to drive seam welding machine sales through 2032.

The seam welding machine produces a very strong weld. This machine’s precisely welded joint could be stronger than the material used to make it. As a result, this factor is propelling the market share of seam welding machines.

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The market for seam welding devices is expected to expand as the method and machine become more cost-effective. However, welding with this machine is only possible along a fixed curve or line. Welding becomes difficult when sheets that must be joined together have a thickness greater than 3 mm, limiting the growth of the seam welding machine market.

Furthermore, because the disc-shaped electrodes cannot exert the required uniform pressure, this machine cannot weld obstruction-causing metal sheets with uneven surfaces. Another issue in the market for seam welding machines is respiratory problems caused by the gases produced while welding coated metals and steels.

Regional Analysis

By 2022, North America is anticipated to have the second-largest market share, at 22.0% percent. Rapid industrialization, rising government investments in the building and infrastructure sectors, and end-users of seam welding machines are strengthening their presence in North America through expansions, alliances, and significant strategic moves. These are the factors anticipated to propel North America seam welding machine market growth during the projection period.

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Europe is expected to command a 24 % share of the seam welding machine market by 2022. This expansion is the result of factors such as ongoing improvements in welding and welding-related processes, automation trends, and advancements in infrastructure development and construction projects.

Furthermore, the rising sales of seam welding machine is brought on by the rapidly-industrialising nature of the area, the expansion of smart factories, and the adoption of industry 4.0 in manufacturing facilities.

Competitive Landscape:

These actions have made it possible for market participants to grow their consumer bases and operations. With the increasing demand for seam welding machines in the global market, market participants in the seam welding machine market can anticipate attractive growth prospects in the future.

The key market players profiled in the report include Cogentix Medical, Palex Medical SA, Medtronic PLC, and Rainbow Medical Group.

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Key Market Segments in the Seam Welding Machine Market

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