Controlled and Slow Release Fertilizers Market Forecast: Major Growth in Agricultural Segment with 9.1% CAGR Through 2028

FMI’s latest report, titled ‘Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028,’ provides detailed analysis and key insights. The market, valued at USD 4,791 Million in 2018, exhibits a positive long-term outlook.

It is expected to reach USD 10,222.4 Million by 2028 end, growing at a value CAGR of 9.1%. Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion’s share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR.

Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.

Global Controlled and Slow Release Fertilizers Market Dynamics

Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers.

The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour.

New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.

Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period. The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.

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Global Controlled and Slow Release Fertilizers Market Segmentation Analysis

The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.

  • On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
  • The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market

Global Controlled and Slow Release Fertilizers Market Regional Forecast

Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period.

Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.

Global Controlled and Slow Release Fertilizers Market Competition Landscape

The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including

  • Kingenta Ecological Engineering Group Co. Ltd.
  • Israel Chemicals Ltd (ICL)
  • Yara International ASA
  • Agrium Inc.
  • Haifa Chemicals Ltd.
  • Koch Fertilizer LLC
  • Aglukon Spezialduenger GmbH & Co. KG.
  • among others

Key Segmentation

Type

  • Urea Reaction Products
  • Encapsulated/ Coated

Application

  • Agricultural
  • Commercial Lawn and Turf
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan
  • Middle East and Africa
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Rising Demand for Sodium Metabisulphite in Food Delivery and Industrial Applications Fuels Market Expansion to USD 266.5 Million by 2028

Sodium Metabisulphite Market

Market projections reveal revenue from the sales of sodium metabisulphite to reach a value of USD 266.5 Million by 2028, up from an estimated USD 159.1 Million by 2022 end. This is reflective of a CAGR of 5.3% during the aforesaid timeline. A new decadal study presented by top research firm Future Market Insights studies the demand patterns, trends, and growth scenario of the global sodium metabisulphite market demand during the period 2022 to 2028.

The report focuses on the key applications of sodium metabisulphite across different end-use industries and throws light on the various factors impacting growth in sales of sodium metabisulphite during the period of study. Food & Beverages Industry to Project Sustained Demand for Sodium Metabisulphite; Mining to Emerge Lucrative End-use Sector in the Coming Years

Sodium metabisulphite is predominantly used in the food and beverages industry as a preservative in dried food products and to enhance the shelf life of fruit juices. However, Future Market Insights predicts demand for industrial grade sodium metabisulphite from the mining and water treatment sectors to surge in the near future. In the mining industry, sodium metabisulphite finds application as a reducing agent to remove cyanide. Sodium metabisulphite is also used in water treatment as an anti-chlor agent to remove chlorine and heavy metals from water prior to releasing it into natural sources.

The textile industry utilises sodium metabisulphite as a bleach to brighten fabric and remove stains and it is also used in the paper and pulp industry as a bleaching agent. These wide applications of sodium metabisulphite have boosted demand across industries, upping revenue in the global market for sodium metabisulphite as a result.

Revenue from the Sales of Sodium Metabisulphite to Receive a Fillip Owing to Burgeoning Demand Across Industries

An increasing demand from the food and beverages industry is a key revenue growth driver for the global sodium metabisulphite market. Besides application as a preservative and to improve product shelf life, sodium metabisulphite is used as a dough softener in bakery products. Sodium metabisulphite finds application in the mining industry for cyanide detoxification in gold mining and also as a source of sulphur dioxide for the destruction of cyanide in the process of commercial gold cyanidation.

Over the years, several stringent laws have been imposed on gold extraction plants to completely eliminate cyanide and metal cyanide complexes before final discharge into the environment. This has increased the adoption of sodium metabisulphite in the mining industry.

As an anti-chlor agent, sodium metabisulphite removes chlorine from water and is extensively used in municipal and industrial water treatment facilities. With declining availability of fresh sources of water, rising levels of water pollution, and climatic changes, governments and global environment protection associations have implemented stringent regulations to conserve existing water resources and reduce water pollution. This has led to an increase in demand for sodium metabisulphite used in the chemical processing of water.

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Manufacturers of Sodium Metabisulphite to Expand Production Capacity to Meet Rising Demand from End-use Industries

Rapidly growing demand from the mining and water treatment industries has pushed manufacturers of sodium metabisulphite to increase their production capacity to meet product requirements from multiple industries. A key trend being observed in the global sodium metabisulphite market is the increase in dependence on imports from China.

China is the leading producer and consumer of sodium metabisulphite given the easy availability of raw material in the country and presence of a large number of local manufacturers of sodium metabisulphite. Companies functional in the global sodium metabisulphite market find it convenient to import sodium metabisulphite at reduced prices from Chinese manufacturers. This is further expected to boost revenue growth in the global sodium metabisulphite market in the near future.

Key Companies Profiled

  • Ak Kim Kimya Sanayi Ve Ticaret Anonim Sirketi
  • Aditya Birla Chemicals
  • BASF SE
  • Qingdao Tianya Chemical Co., Ltd
  • Yuanye Chemical Co., Ltd
  • Ineos Calabrian Corporation
  • Esseco Group S.r.l.
  • Grillo-Werke Aktiengesellschaft
  • Shandong Kailong Chemical Technology Development Co., Ltd.
  • Shanghai Jiading Malu Chemical Co., Ltd.
  • Meizhou Union Chemical Co., Ltd.
  • Tangshan Sanjiang Chemical Co., Ltd.
  • ?i?ecam Group
  • Ultramarines India ( P ) Ltd.

Sodium Metabisulphite Industry by Category

By Grade:

  • Food Grade
  • Industrial/Technical Grade

By Application:

  • Preservative
  • Floating Agent
  • Bleaching Agent
  • Anticlor Agent
  • Chemical synthesis
  • OthersChemical Intermediates
  • Sealents

By End Use Industry:

  • Food and Beverage Industry
  • Photography and Film
  • Water Treatment
  • Mining
  • Textile
  • Paper and Pulp
  • Chemical
  • Others

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • SEA and Pacific
  • China
  • Japan
  • Middle East & Africa

Source: Sodium Metabisulphite Market to reach US$ 266.5 Mn by 2028 – Comprehensive Research Report by FMI

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Polyisocyanurate Insulation Market Size Set to Surpass USD 25,551.57 million by 2033 Amid Rising Demand for Energy-Efficient Building Solutions

The market sales of polyisocyanurate insulation for polyisocyanurate insulation is expected to reach a valuation of USD 25,551.57 million by 2033 and are expected to surpass USD 14,133.90 million in 2023. From 2023 to 2033, the market share is anticipated to grow at a compound annual growth rate of 6.10%.

The insulation industry is observing a rise in customization and prefabrication, which enables manufacturers to customize insulation products to match project specifications precisely. Prefabricated polyisocyanurate insulation components are becoming more widely available because they have the benefits of easier building procedures, lower labor costs, and more effective installation. Manufacturers who provide these customization choices are better positioned to stand out in this crowded market and cater to the particular requirements of specific projects.

Increased extreme weather events are driving the demand for building-resilient insulating materials. In response, producers of polyisocyanurate insulation are creating goods that provide better defense against environmental problems, including temperature swings and moisture intrusion. These solutions position producers as suppliers of dependable, weather-resistant insulating materials while improving structures’ safety and longevity.

Efficient thermal energy storage in insulating materials is becoming increasingly crucial with the development of renewable energy sources. Innovative materials that can store heat or cold for later use in HVAC systems are being developed by several producers of polyisocyanurate insulation materials. This puts businesses in a position to contribute to the ecosystem of renewable energy sources and meets consumer demand for sustainable and energy-efficient construction solutions.

Key Takeaways from the Polyisocyanurate Insulation Market Report

  • In 2022, the global market size was US$ 13,295.20 million.
  • The rigid foam segment accounts for 80% of the market share in 2023.
  • The thermal application segment holds 73.1% of the market share in 2023.
  • The market size in India is expected to rise at a 7.40% CAGR over the projected period.
  • The market in Germany is projected to surge at a 4.30% CAGR through 2033.
  • The market size in the United Kingdom is expected to rise at a 5.50% CAGR from 2023 to 2033.
  • The market in Canada is projected to develop at a 5.20% CAGR through 2033.
  • The market in China is anticipated to expand at a 7.70% CAGR over the forecast period.

“In the rapidly changing world of polyisocyanurate insulation, innovation and sustainability have emerged as dynamic forces reshaping the industry’s trajectory.” “The market is going through a fundamental shift, moving beyond its traditional role of providing insulation and into uncharted territory where cutting-edge technologies are poised to redefine its boundaries,” says Analyst at Future Market Insights, Inc.

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Competition Analysis

The polyisocyanurate insulation market is highly competitive with well-established market leaders, local firms, and innovative startups. Key players focus on sustainability, innovation, regulation variations, and consumer preferences to gain higher profits. To be competitive in this changing landscape, the industry players are creating cutting-edge, environmentally friendly insulation products to reach a wider audience and provide exceptional customer service and customized solutions.

Recent Developments Observed by FMI

  • Bitec introduced DuraPlanTM EcoSet Green adhesive in June 2023. This adhesive is designed specifically for cold-process APP-modified bitumen roof systems with up to a 3:12 slope, making it the first ultra-low-solvent adhesive in the roofing market.
  • One of North America’s top producers of waterproofing and roofing materials, GAF, stated that it would begin constructing its fifth polyisocyanurate (polyiso) insulation manufacturing facility in Peru, Illinois, in July 2022. Allegedly, GAF has consented to purchase over 100 acres of land in Bureau County, Illinois, to establish a 450,000-square-foot facility to manufacture the company’s EnergyGuard line of goods.

Key Players in the Polyisocyanurate Insulation Market

  • BASF SE
  • DowDuPont Inc.
  • Owens Corning Insulating Systems LLC
  • SAINT-GOBAIN
  • Kingspan Group plc
  • Honeywell International Inc.
  • Johns Manville Corporation
  • Stepan Company
  • IKO Industries Ltd.
  • Soprema Group
  • Knauf Insulation
  • Atlas Roofing Corporation
  • Rmax Operating LLC
  • GAF Materials Corporation
  • Carlisle SynTec
  • Systems Hunter Panels

Polyisocyanurate Insulation Market Segmentation

By Product Type:

  • Liquid
  • Spray
  • Rigid Foam/Board

By Application:

  • Acoustic
  • Thermal
  • Hybrid

By End-user:

  • Building & Construction
  • Automotive
  • Consumer Goods
  • Others

By Region:

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

Source: Polyisocyanurate Insulation Market Soars to Projected Valuation of US$ 25,551.57 million by 2033, Fueled by a Robust 6.10% CAGR | Future Market Insights, Inc.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Investing in Polysilicon: Key Trends and Insights Driving Market Growth for Solar Energy Manufacturers

After a thorough survey, the polysilicon market sales reflect an upward trajectory from 2024 to 2034, inferring a healthy growth rate of 9.90%. With an initial forecast of USD 15,819.00 million in 2024, the sales revenue of polysilicon is vouching a considerable rise to USD 41,502.20 million by 2034.

The augmentation in polysilicon adoption from the solar power segment escalates the poly-Si market growth. The surging demand for polysilicon for myriad commercial uses, comprising manufacturing of multi-crystalline solar panels and others, and the innovation and expansion of diverse end-use industries in emerging economies directly influence the polycrystalline silicon market’s growth rate.

Due to price inconsistency, the dearth of raw material demand and supply is a roadblock to polycrystalline silicon market expansion. The expensive research and development, the government’s strong rules on commercial operations, proliferating export and import taxes, and strict international trade sanctions inhibit the market growth of polycrystalline silicon. High capital investments hamper the potential of poly-Si market expansion.

Regional Outlook

North America possesses a significant share and is not resting on its laurels. The United States foresighted efforts thrust North America to expand, with activities like the boom in consumer electronics output and curtailment of carbon emissions, which dramatically encouraged polysilicon market growth.

Asia Pacific clutches the precedent position in the poly-Si market because of the surge of power outages, swift requirement for a reliable power supply, investment schemes by the government to promote industrial expansion, amplifying research and development, and rapid urbanization rate in emerging economies like India and China.

“The polysilicon market witnesses sustained growth ushered by strengthening demand. Technological breakthroughs and carbon-neutral strategies augment the market dynamics during the forecast period.” – says an FMI analyst.

Key Takeaways 

  • The solar grade segment clutches a significant share of 79.20% in 2024.
  • India’s polysilicon market to evince a CAGR of 14.70% between 2024 and 2034.
  • China’s polysilicon industry to exhibit an upsurge at a CAGR of 11.00% between 2024 and 2034.
  • Sales of polysilicon in Spain indicate a CAGR of 7.30% through 2034.
  • From 2024 to 2034, Canada’s polysilicon industry to show escalation at a CAGR of 6.00%.
  • France’s polysilicon industry to infer a CAGR of 6.90% from 2024 to 2034.
  • Italy’s polysilicon industry to imply augmentation at a CAGR of 6.40% between 2024 and 2034.
  • Through 2034, the United States polysilicon market to imply growth at a CAGR of 5.50%.
  • Germany’s polysilicon industry to exhibit a CAGR of 4.60% through 2034.
  • Japan’s polysilicon industry to imply expansion at a CAGR of 4.10% through 2034.
  • From 2024 to 2034, South Korea’s polysilicon industry to record at a CAGR of 4.40%.
  • The United Kingdom polysilicon industry to reflect expansion between 2024 and 2034 at a CAGR of 3.90%.
  • Australia’s polysilicon market to register a CAGR of 3.70% from 2024 to 2034.

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Competitive Landscape

The market is somewhat fragmented and presents favorable circumstances to major polysilicon manufacturers and startups, but high investment expenditures curb entry to small or novel poly-Si vendors. Polysilicon producers emphasize strengthening their production ability across diverse regions to satisfy spurring demand from developing countries with significant production.

Noteworthy Developments

  • Daqo New Energy Corp., a polysilicon producer based in China, commenced its pilot production at a novel factory in December 2021. The production plant was anticipated to produce 35,000 tonnes of polysilicon per year initially and then slowly rise to 105,000 tonnes yearly.
  • In May 2021, REC Silicon ASA, a polysilicon and silicon gas supplier headquartered in Norway, announced the restart of its Lake Moses Plant in Washington in 2023. Earlier the plant was shut down in May 2019 over the imposition of tariffs by China on polysilicon manufactured by the United States.

Essential Polycrystalline Silicon Manufacturers

  • Wacker Chemie AG
  • OCI Company Ltd.
  • GCL-Poly Energy Holdings Limited
  • TBEA Co. Ltd
  • REC Silicon ASA.
  • CSG Holdings Co. Ltd.
  • Tokuyama Corporation
  • Daqo New Energy Co. Ltd.
  • Mitsubishi Materials Corporation
  • Hanwha Chemical Co. Ltd
  • Asia Silicon
  • Osaka Titanium Technologies Co. Ltd.
  • Qatar Solar Technologies
  • Hemlock Semiconductor Corporation

Key Segments

By Grade Type:

  • Solar Grade
  • Electronics Grade

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Zinc Chloride Market Growth Driven by Demand in Chemicals, Pharmaceuticals, and Renewable Energy Technologie

Demand for zinc chloride is expected to rise due to expansion in several sectors, including chemicals, medicines, and agriculture. These sectors rely substantially on zinc chloride due to the variety of manufacturing techniques and product compositions it is used in.

According to a recent study by Future Market Insights, the global market size for zinc chloride is expected to be worth USD 309.6 million by 2023. By the end of 2023 to 2033, a market value of USD 505.6 million is predicted. The study further projects that the market will surge at a Compound Annual Growth Rate (CAGR) of 5.0% during the anticipated period.

Growing populations and rising disposable income levels fuel demand for consumer goods and infrastructure development in emerging nations. Batteries, textiles, rubber, and plastics- all vital components of numerous consumer goods and building materials, are produced with the help of zinc chloride.

Demand for renewable energy technology is rising as environmental laws, and a focus on sustainable energy sources become more prevalent. Zinc chloride is a crucial component in the renewable energy sector since it produces solar cells and other energy storage devices.

The agriculture sector is transitioning to more efficient and sustainable farming methods to fulfill the rising need for food. Widely used in fertilizers as a micronutrient, zinc chloride promotes healthy plant growth and increases agricultural yields.

Demand for zinc chloride is anticipated to increase as agricultural activities expand to meet the world’s food needs.

The growing demand for zinc chloride is probably due in part to ongoing research and development efforts to find new uses. Zinc chloride is used in various disciplines, including medicine, electronics, and water treatment.

Scientists and engineers are continuously looking for new and creative applications for it. These developments are projected to expand market prospects and increase demand for zinc chloride globally.

Demand will also be pushed by growing awareness of and adoption of zinc-based products in the healthcare and personal care sectors. Many medicines, ointments, lotions, and cosmetic goods are made with zinc chloride.

Due to its antibacterial qualities, it is a useful component in antiseptics, wound care treatments, and oral hygiene products. Sales of zinc chloride, a crucial ingredient in these formulations, are anticipated to increase along with high demand for healthcare and personal care products, which will likely continue to climb globally.

Key Takeaways from Zinc Chloride Market Research Report:

  • The global zinc chloride industry witnessed a CAGR of 2.1% during the historical period from 2018 to 2022.
  • India’s zinc chloride industry will create an absolute dollar opportunity of more than USD 25 million in the next ten years.
  • Chinese zinc chloride industry is anticipated to create an absolute dollar opportunity of more than USD 40 million by the end of the forecast period.
  • The high-purity segment is expected to expand at 4.9% CAGR from 2023 to 2033 based on grade.
  • The chemical end-use sector segment is estimated to generate over USD 50 million in revenues throughout the evaluation period.

“Color cosmetic products such as eyeliners, eyeshadow, and mascara use zinc chloride. Owing to its binding properties, pigments on the skin adhere better and last longer. To provide a smooth application and improved wear, zinc chloride can also help the general stability and texture of cosmetic compositions. It is set to create new opportunities in the global market.“ – Future Market Insights (FMI) Analyst.

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Top 15 Key Players in Zinc Chloride Industry and Their Marketing Strategy

A few manufacturers represent about half of the market share in the modestly consolidated global zinc chloride market. These players outperform their rivals in terms of production capacity.

As a result, they are a leading producer and exporter of zinc chloride worldwide.

Important market players are also using various techniques to increase their profits. A well-known method is focusing on lowering carbon emissions to support sustainability objectives.

With this strategy, important firms might improve their market standing while preserving the environment.

Smaller market participants, in contrast, place a higher priority on raising their production capacity to fulfill the expanding regional demand. They are currently focusing on export-driven markets to increase their sales outside of local markets.

Small firms can expand their market share and sales potential by entering new markets and forging supply chain agreements with end users.

The key market players involved are:

  1. Zaclon LLC
  2. Costal Zinc Group
  3. Jinzhou Jitian Zinc Industry Co., Ltd.
  4. Weifang Dongfangsheng Chemical Co., Ltd.
  5. Lipmes SA
  6. HaloPolymer OJSC
  7. Tianjin Nanping Chemical Co., Ltd.
  8. TIB Chemicals
  9. Flaurea Chemicals
  10. Vap Industries
  11. Haihang Industries
  12. Haryana Chemical Industries
  13. Pinkto Chemicals
  14. Sigma Chemical Industries
  15. Yanggu Zhongtian Zinc Industry Co., Ltd.

For instance,

  • Toothpaste infused with zinc salt was developed by Unilever, a prominent brand in the personal care goods sector, in March 2021. It guarantees to lower blood pressure and improves nitrate reductase activity.

Get More Valuable Insights into the Zinc Chloride Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global zinc chloride industry, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on grade (high purity grade, battery grade, technical grade, and commercial grade), form (powder and liquid), end-use sector (electronics, chemical, agriculture, pharmaceuticals, and others), and regions.

Zinc Chloride Market Outlook by Category

By Grade:

  • High Purity Grade
  • Battery Grade
  • Technical Grade
  • Commercial Grade

By Form:

  • Powder
  • Liquid

By End Use Sector:

  • Electronics
  • Chemical
  • Agriculture
  • Pharmaceuticals
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Russia and Belarus
  • Balkan and Baltic Countries
  • Central Asia
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa

Source: Global Zinc Chloride Market Poised for Substantial Growth, Projected to Reach a Value of US$ 505.6 Million by 2033 | Future Market Insights, Inc.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Gas Detection Equipment Market to Reach USD 6,801.6 Million by 2034, With a 6% CAGR Growth

According to a Future Market Insights (FMI), the global gas detection equipment market size reached USD 3,613.7 Million in 2023. Over the forecast period, demand is anticipated to rise at 6% CAGR. The total value is predicted to increase from USD 3,801.1 Million in 2024 to USD 6,801.6 Million in 2034.

Gas leaks pose serious threats to both companies and nearby communities, often resulting in oxygen starvation, explosions, and loss of life. To mitigate these risks, companies prioritize safety measures, including the adoption of commercial gas leak detectors.

Gas detectors like early warning devices, are indispensable for safety policies as these offer more time to remedy the situation or prevent disasters from occurring. These are also capable of forming an integral part of elaborate surveillance networks and security measures.

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In the oil and gas sector, safety awareness is significant as it operates with toxic and harmful gases. Governments worldwide have made it mandatory for industries to undertake safety awareness programs by enforcing new laws and regulations.

The risk of explosions can be decreased significantly by utilizing gas detection equipment. These quickly locate gas leaks and provide a chance for the operator to manage the issue. Gas monitor detectors are witnessing innovations as government bodies implement strict regulations for the safety of workers.

Key Takeaways from the Report:

  • Global sales of gas detection equipment grew at a CAGR of 2.5% between 2019 and 2023.
  • Tier 1 companies comprise leaders with a revenue of above USD 100 Million capturing a significant share of 13.8% to 19.6% globally.
  • China’s gas detection equipment market size is projected to reach USD 884 Million by 2034.
  • Sales of gas detection equipment in the United States are projected to soar at a CAGR of around 4.6% during the assessment period.
  • Based on product type, the fixed detector segment is forecast to rise at a CAGR of 5.8% through 2034.
  • Based on end-use, the oil and gas category are estimated to witness a CAGR of 4.9% in the forecast period.

What are the Key Trends Shaping the Gas Detecting Equipment Industry?

Industrial Gas Leakage Risks in Processes to Propel Demand for Gas Detection Equipment

Highly hazardous substances, particularly poisonous and flammable gasses, are being developed and utilized in a growing number of applications and end-use sectors. Gas leaks are rather inevitable and can be dangerous for adjacent residents, industrial businesses, and their staff. This danger has historically been demonstrated by instances when gas leaks have caused explosions, oxygen shortages, and fatalities as a result.

Most firms’ safety plans include early warning systems, such as gas detectors, as a key component of minimizing the threat to employees and equipment. These gas detection solutions could buy companies more time to make a change or take precautionary measures. They can also be used as a component of an extensive monitoring and safety system that has capabilities like emergency process shutdown and fire detection, among others. As a result, there is a considerable need for gas leak-detecting systems which will eventually lead to higher sales of gas-detection equipment.

Growing Awareness About Safety in Oil & Gas Sector Boosting Sales

Gas detection equipment is particularly necessary for toxic and hazardous gasses, as they can cause disastrous outcomes if they leak and combine with the surrounding air. As a result, governments have made several laws and guidelines available, and each industry is mandated to take part in a safety awareness program. In the oil and gas business, where mistakes or a lack of awareness are not tolerated, these programs increase crucial safety awareness.

These considerations are driving up the demand for gas detection technology because it significantly reduces the risk of explosions by spotting gas leaks quickly and providing enough time for the operators to take control of the situation. Government intervention and growing awareness in the oil and gas industry will therefore continue to boost sales of safety products like gas detection equipment during the forecast period.

“Predictive maintenance strategies are gaining traction, with modern systems utilizing deep learning and big data to provide comprehensive views of asset risk and approaching failures. Gas leak detection is integral to predictive maintenance strategies, ensuring timely corrections or preventions,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

The gas detection equipment market is characterized by fierce competition from a wide spectrum of competitors, ranging from multinational corporations to niche businesses. Prominent firms in the industry, renowned for extensive product lines and worldwide presence, are Industrial Scientific Corporation, Honeywell International Inc., MSA Safety Incorporated, and Drägerwerk AG & Co. KGaA.

Together with these well-established behemoths, the sector also benefits from the efforts of up-and-coming businesses and local firms that fill certain geographic niches. These frequently concentrate on providing affordable solutions like sewer gas detection equipment.

Recent Developments:

  • In January 2024, Teledyne Technologies Incorporated, based in the United States, the new iTrans 2 fixed gas detectors. The product delivers smart sensor capabilities.
  • In March 2024, the Environmental Defense Fund, headquartered in New York, initiated a novel satellite mission to help scientists detect global methane emissions, especially from the oil and gas industry.

Key Companies in Gas Detection Equipment Industry:

  • MSA Safety Incorporated
  • Opgal
  • Drägerwerk AG and Co. KGaA
  • Teledyne Technologies Inc.
  • Emerson Electric Co.
  • Halma plc
  • Honeywell International Inc.
  • Danfoss A/S
  • RIKEN KEIKI CO., LTD
  • Sensidyne, LP
  • Testo SE and Co KGaA
  • Fortive Corporation
  • Inficon Holding AG
  • Trolex Ltd.
  • ESP Safety Inc.
  • Hanwei Electronics Group
  • Halma plc

More Insights into the Gas Detection Equipment Market Report:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global gas detection equipment market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on product type, gas type, connectivity, end-use, and region.

Which Sensor Technology is More Popular in the Market?

Simple Measurement Procedure and Less Expensive Nature Making Electrochemical Sensor Technology Popular

Based on sensor technology, the global gas detection equipment industry is segmented into electrochemical, infrared, metal oxide, catalytic, zirconia, and others. Among these, the electrochemical technology segment is expected to lead the global market during the forecast period, accounting for more than 36.7% share.

This can be attributed to the rising end-user preference for electrochemical-based gas detection equipment due to their simple measurement procedure, short response time, and cost-effective nature.

On the other hand, IR and catalytic gas detection equipment are also expected to grow at a significant pace over the next ten years.

Gas Detection Equipment Market Segmentation Analysis:

By Product Type:

  • Portable Detectors
    • Single Gas Detectors
    • Multi-Gas Detectors
  • Fixed Detectors
    • Single-Channel
    • Multi-Channel
    • Sampling Systems
    • Transmitters

By Gas Type:

  • CO2
  • CO
  • NO2
  • SO2
  • NH3
  • Cl3
  • CH4
  • O2
  • H2S
  • H, and other gases

By Connectivity:

  • Wired
  • Wireless

By End-use:

  • Medical
  • Water and Wastewater
  • Mining and Metallurgy
  • Oil and Gas
  • Power Generation Plants
  • Chemical and Petrochemical
  • Food and Beverages
  • Security and Defense

About Future Market Insights – Industrial Automation Division:

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

The global water leak sensors market share is forecasted to exceed USD 3,462.4 Million by 2032.

The produced water treatment system market share to surpass USD 8.41 billion in 2034.

The global pipeline monitoring system market share to exceed USD 30,463.4 Million by 2034.

The plastic hot and cold pipe demand is expected to rise at a CAGR of 6.6% during 2024 to 2034.

The water treatment market revenue to surge past USD 137.17 billion by 2034.

The global pipe market revenue to surpass USD 238.67 Billion by 2034.

The global water treatment system market share is estimated to drive past USD 1, 28,230 Million by 2033.

The global stainless steel welded pipe market valuation to surpass USD 8.9 Billion by 2033.

The global stainless steel welded pipe market valuation to surpass USD 8.9 Billion by 2033.

The global water desalination equipment demand to grow at 8.6% through 2033.

About Future Market Insights (FMI):

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

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Suite 401, Newark, Delaware – 19713, USA
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Global Aseptic Processing Market Share Anticipated to Drive Past USD 158,571 Million by 2033, Growing at an Average 6.7% CAGR

The aseptic processing market is positioned for substantial growth, aiming to reach a noteworthy valuation of USD 158,571 million by 2033. Commencing its ascent in 2023, the market is anticipated to achieve a significant milestone, surpassing USD 83,124 million. This notable expansion is supported by a robust Compound Annual Growth Rate (CAGR) of approximately 6.7% from 2023 to 2033.

Central to this narrative of success are aseptic processing facilities, pivotal in ensuring the quality and durability of a diverse range of products. These specialized facilities serve as guardians of impeccable hygiene and product integrity, meticulously crafted to maintain environments with the highest cleanliness standards. Within these controlled environments, air quality and equipment conditions are rigorously monitored to eradicate any potential sources of microbial contamination. The term ‘aseptic’ underscores an environment completely free from harmful microorganisms, reflecting an unwavering dedication to preserving product purity and safety.

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Global Aseptic Processing Market: Driving Forces and Growth Prospects

The global aseptic processing market is experiencing robust growth, driven by the expanding food and beverage sector’s demand for dairy products and ready-to-drink beverages worldwide.

Urbanization, increasing disposable income, and the rise of new economies are key factors contributing to the anticipated growth of the global aseptic processing market during the forecast period.

The pharmaceutical industry’s rapid growth, particularly in innovative biotechnology-based injectable pharmaceuticals, is creating opportunities for the aseptic processing hardware market. Technological advancements in sterile pharmaceutical production further boost the demand for aseptic processing equipment.

Competitive Landscape:

The aseptic processing industry is marked by strong competition among key players. In 2023, a select group of companies is expected to dominate aseptic processing sales, focusing on expanding their global customer base.

Strategic collaborations and acquisitions of aseptic processing startups are being pursued to enhance research and development capabilities and increase profits.

Key Players Profiled:

  • Schott AG
  • Robert Bosch GmbH
  • Du Pont De Nemours and Company
  • Tetra Laval International S.A
  • SPX FLOW, Inc.
  • IMA S.p.A
  • Mondi Group
  • SIG Combibloc Group AG
  • Amcor Limited
  • GEA Group
  • Elopak ASA
  • Greatview Aseptic Packaging Co.
  • JBT Corporation
  • Sealed Air Corporation

Recent Developments:

Tetra Pak partnered with worker platform provider Poka in October 2021 to empower factory workers with knowledge to accelerate waste reduction in the food production industry.

Saputo, Inc. acquired Carolina Aseptic and Carolina Dairy in September 2021 to meet the rising demand for aseptic dairy-based nutritional products.

Nestle collaborated with SIG in May 2020 to explore environmentally friendly packaging alternatives, aligning with Nestle’s commitment to reducing plastic waste. This initiative received funding from industry partners for sustainable packaging materials research.

Key Segments in the Aseptic Processing Market:

By Type:

  • Processing
  • Packaging

By Application:

  • Food & Beverages
  • Industrial

By Material:

  • Paper & Paperboard
  • Plastics
  • Metal
  • Glass

Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Hydrogen Combustion Engines Market Analysis: Anticipated Growth at 9.78% CAGR from 2023 to 2033, Totaling US$ 46.31 Billion

The Hydrogen Combustion Engine Market is witnessing a remarkable surge in adoption, driven by a confluence of crucial factors. Foremost among these is the unwavering commitment of governments worldwide to promote the use of fuel cell cars and sustainable transportation solutions. Such concerted efforts not only incentivize the adoption of hydrogen combustion engines but also pave the way for a cleaner and greener automotive landscape.

The global hydrogen combustion engine market is projected to have a high-paced CAGR of 9.78% during the forecast period. The market for hydrogen combustion engines is currently valued at US$ 18.22 billion in 2023. The market for hydrogen combustion engines is expected to reach a high of US$ 46.31 billion by 2033.

The key factors driving hydrogen combustion engine adoption are government efforts to promote the use of fuel cell cars, an increase in demand for fuel cells in automotive and transportation, and an increase in demand for passenger transportation. Internal combustion engines have been around for a long time.

Despite this, OEMs are shifting their focus to natural gas and hydrogen-powered engines due to rising crude oil prices, strict emission regulations, fuel supply security, and noise pollution. This is clearly going to help the In addition, an increase in government and other organizational support for the development and commercialization of refueling infrastructure throughout the world is projected to result in the rapid advancement of the global market for hydrogen combustion engines over the next few years.

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Furthermore, the impending decrease in fuel cell costs, caused by the increased use of creative strategies by fuel producers to lower fuel prices, is expected to improve the market’s development prospects in the coming years. As a result of various technological breakthroughs and inventions, hydrogen combustion engines are gradually evolving, allowing them to provide high power outputs while also improving fuel efficiency.

Despite a rise in demand for electric engines and a corresponding decrease in demand for internal combustion engines powered by traditional sources, hydrogen combustion engines are estimated to continue to play an important role in the evolution of the automobile industry. Furthermore, they have the ability to improve in a variety of areas, including thermal efficiency, emissions, and electrification.

The need for research is always being filled by researchers. Because more hydrogen-powered vehicles could be produced and put on the market thanks to the development of low-cost hydrogen energy production technology, hydrogen vehicles became a reality.

Growing scientific study has pushed vehicle manufacturers to build eco-friendly automobiles on the market in order to minimize carbon emissions in the environment. These factors are anticipated to expand the global hydrogen combustion engine market size in the forecast period.

However, hydrogen (in gaseous form) is often produced from water using electrolysis, which involves sending a strong electric current through water to separate oxygen and hydrogen atoms. The electrolysis technique is highly expensive due to the high energy needs. Moreover, the stringent norms and regulations regarding greenhouse gas emissions are expected to impede market growth.

Key Takeaways:

  • During the forecast period, North America is expected to account for the largest share of the global hydrogen combustion engine market. The market in this region is expected to rise due to increasing R&D investment in order to provide cutting-edge solutions and meet end-user demands. Furthermore, the US government’s renewable energy programs are spurring market growth throughout the country.
  • The hydrogen combustion engine market in Europe is predicted to develop rapidly, particularly in Germany, during the projected period. This is owing to the key players in the nation are actively developing a hydrogen internal combustion engine, pushing the pan-European goal of becoming the world’s first climate-neutral continent by 2050, based on their significant knowledge and years of research experience in this field.
  • Owing to its ability to transfer protons over the membrane from the anode to the cathode and its importance to the electrochemical process’s effectiveness, the “proton membrane exchange” technology type is expected to hold the greatest revenue, through the forecast period.
  • As it fits the market niche by serving the country’s middle class with low prices, high-quality amenities, small sizes, and simple financing options, the “commercial vehicles” application type, accounts for a significant share, and is the most preferred type.

Key Segments Profiled in the Hydrogen Combustion Engine Market Survey

By Technology:

  • Proton Membrane Exchange
  • Phosphoric Acid Fuel Cell
  • Others

By Application:

  • Passenger Vehicle
  • Commercial Vehicle
  • Ships
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 favour 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
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Air Conditioning Compressor Market Value Anticipated to Reach USD 42,413.6 Million by 2032, With a 5.0% CAGR

The global air conditioning compressor industry is expected to be valued at USD 25,941.3 Million in 2022 and further grow at 5.0% CAGR between 2022 and 2032. Overall sales of air conditioning compressors are projected to total a valuation of USD 42,413.6 Million by 2032.

Air conditioning compressor sales are increasing as the world’s infrastructure sector develops. The GDP of the entire world depends heavily on infrastructure. Due to the significant contribution of emerging and developing economies to global economic growth, it is expected that the need for air conditioning compressors will increase dramatically during the forthcoming decade.

Air conditioning compressors find application in homes, workplaces, hospitals, entertainment venues, automobiles, and other commercial and industrial buildings. Many people in developing nations view air conditioning as a luxury product for the home.

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Because of reasons like rising population, falling AC prices, increasing disposable income, and changing consumer lifestyles, a positive growth trajectory for air conditioning compressor industry has been predicted by FMI for the projection period.

Similarly, there is an increasing need for air conditioners everywhere, particularly in urban areas, as a result of increased air pollution, high temperatures, and humidity levels. Fluctuation in temperature is prompting people to install cooling units in their buildings. This will continue to boost the  air conditioning compressor industry demand during the assessment period.

Key Takeaways from the Air Conditioning Compressor Industry Report:

  • Based on type, rotary type is projected to hold the highest share of 56.8% in terms of volume in 2022.
  • By refrigerant type, the R290 refrigerant segment is expected to grow at a CAGR of 4.5% during the forecast period.
  • By application, the residential sector is projected to lead the Air conditioning compressor industry, creating an absolute $ opportunity worth US$ 1,069.0 Million during the forecast period.
  • By 2032, East Asia is expected to have the largest share of around 33.1% in the global air conditioning compressor industry.
  • China’s air conditioning compressor industry is projected to grow at 4.9% CAGR during the forecast period,
  • The U.S. air conditioning compressor industry is likely to create an incremental opportunity of nearly US$ 2,042.5 Million by 2032.

Leading Key Players:

  • Emerson Electric Co.
  • Daikin Industries Ltd.
  • LG Electronics
  • The Danfoss Group
  • Tecumseh Products Company LLC
  • Panasonic Corporation
  • GEA Group AG
  • Johnson Controls–Hitachi Air Conditioning
  • BITZER SE
  • Midea Group(GMCC)
  • Officine Mario Dorin S.p.A.

Air Conditioning Compressor Industry Segmentation:

By Type:

  • Rotary
  • Screw
  • Scroll
  • Centrifugal
  • Reciprocating

By Refrigerant Type:

  • R410A
  • R22
  • R404A
  • R134A
  • R290
  • R32
  • Others

By Application:

  • Residential
  • Commercial
  • Medical & Healthcare
  • Industrial
  • Transportation

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Refrigeration Compressor Market Projected to Reach US$ 53,732.1 Million by 2032 with a Steady CAGR of 3.6%

The Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.

The performance of a refrigeration system depends upon the performance of the refrigeration compressor. Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.

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Refrigeration can be defined as the process of heat removal from a substance or an enclosed space for the purpose of reducing the temperature. A refrigeration compressor is a basic and crucial part of the refrigeration system. It makes use of compression to increase the temperature of low-pressure gas and remove vapor from the evaporator. The performance of a refrigeration system depends upon the performance of the refrigeration compressor.

Refrigeration Compressor Market: Trends, Drivers, Restraints

With evolving technology, the use of refrigerators for household purposes is becoming economical. Attributing to this trend, the market for global refrigeration compressors is expected to grow. Commercial refrigerators are mainly used for food storage, and merchandising purposes; these refrigerators contain a remote condensing unit. With rising processed and frozen food consumption globally, the refrigeration compressor market is expected to grow at a fast pace. Many companies are focusing on cost reduction in the manufacturing of refrigeration compressors.

In the last few years, retails stores across the globe are flourishing at a rapid rate. Many major players in the retail sector are expanding in various countries, especially in growing economies. Attributing to this rapid growth of the retail sector, there is a rise in the number of supermarkets and hypermarkets that require large refrigeration systems. This trend is responsible for the growth of the global refrigeration compressor market. Refrigeration systems are widely used in the transportation industry to move perishable food items from one place to another. As the demand for frozen foods, packed foods, etc. is increasing rapidly, the refrigeration compressor market is experiencing rapid growth in the transportation industry. The pharmaceutical industry also needs highly advanced refrigeration systems for the process of cooling certain raw materials, and finished and semi-finished products. As the pharmaceutical industry is experiencing steep growth, the demand for refrigeration compressors is expected to increase.

Refrigeration Compressor Market: Market Participants

Examples of some of the market participants in the global refrigeration compressor market identified across the value chain include:

  • Bitzer SE
  • Emerson Electric Co.
  • Dorin S.p.A.
  • Embraco
  • Mitsubishi Electric Corporation
  • Frascold SpA
  • GMCC Company
  • Fusheng Co. Ltd.
  • Hanbell Precise Machinery Co. Ltd.
  • Huayi Compressor Barcelona S.L.
  • Danfoss
  • Mayekawa Mfg. Co. Ltd.
  • Panasonic Corporation of North America
  • Torad Engineering
  • Rechi Precision Co., Ltd.
  • Tecumseh Products Company LLC
  • Ramco (India)

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

Regional analysis includes:

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

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

By Segmentation:

The global refrigeration compressor market can be segmented on the basis of the type of compressor, application, refrigerant used and industry.

On the basis of type of compressor, the global refrigeration compressor market is segmented as:

  • Reciprocating compressor
  • Screw compressor
  • Centrifugal compressor
  • Rotary compressor
  • Scroll Compressor
  • Others

On the basis of application, the global refrigeration compressor market is segmented as:

  • Domestic
  • Commercial

On the basis of refrigerant used, the global refrigeration compressor market is segmented as:

  • CO2
  • R290
  • R410A
  • Others

On the basis of type of industry, the global refrigeration compressor market is segmented as:

  • Food and beverages
  • Logistics and transportation
  • Chemical
  • Pharmaceutical
  • Automobile
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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