Market Research Blog – Page 1235 – New Product Development

Rising Demand: Hair Serum Ingredient Market Expected to Grow Significantly by 2032

The global hair serum ingredient market is projected to reach a value of USD 1,171.36 million in 2022, with an anticipated CAGR of 9% during the forecast period from 2022 to 2032. By 2032, sales of hair serum ingredients are expected to climb to USD 2,772.96 million.

Hair serums are nourishing liquids that have gained popularity primarily among women. However, with the increasing penetration of the internet and the growing influence of social media, their use is also rising among men. Typically formulated with silicones, these serums provide protection for hair fibers.

The smooth layer of protection offered by hair serums enhances shine and texture. Growing advertisements in media and beauty salons have significantly boosted their popularity in the global market. Additionally, endorsements by celebrities and social media influencers are expected to further drive demand for hair serums and their ingredients.

Market players are increasingly focusing on the production of organic hair serum ingredients, which are likely to create numerous opportunities during the forecast period. As the cosmetic industry expands globally, new product launches are anticipated, further stimulating growth. Moreover, advancements in technology are making these products more affordable and accessible, allowing them to penetrate previously untapped markets and benefiting the overall market in the future.

Increasing disposable income, changing hairstyle trends, population growth, and the rising roughness of hair due to air pollution have all significantly contributed to market expansion during the forecast period. Additionally, the growing use of professional haircare products in developed regions and the increasing demand for organic hair serums are expected to further drive industry growth.

Concerns about hair fall and the desire for healthy hair are likely to enhance the demand for hair serum ingredients during this period. Moreover, the production of paraben-free hair serums and heightened R&D focused on product innovation are expected to provide a substantial boost to the market. The rising number of male consumers is also projected to support industry growth.

Key Companies Profiled

Mystic Moments
Naturallythinking Pure Spa Aromatherapy
Essential Wholesale & Labs
Parchem fine & Specialty Chemicals
Ingredients To Die For
Aroma Alternatives Co. Ltd.
Pharmacos
Composition Materials Co., Inc.
N-ESSENTIALS
Fa. Rosarome
Glamour Cosmetics
Alexmo Cosmetics
Gracefruit Limited
VOYAGEUR SOAP & CO.
Les Âmes Fleurs Inc.

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Key Segments Profiled in the Global Hair Serum Ingredient Market

Ingredient Type:

Hair Serum Parabens
Hair Serum Sealants
Hair Serum Silicones
Hair Serum Proteins
Hair Serum Essential Fats and Oils
Hair Serum Fragrances
Hair Serum Alcohol

Nature:

Conventional Hair Serum
Natural Hair Serum

Sales Channel:

Direct Hair Serums Ingredient Sales
Indirect Hair Serums Ingredient Sales
Specialty Stores
E-Commerce
Others

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
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. 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.

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Beauty Innovation: The Rising Silicone Makeup Sponge Market Forecast Through 2032

The silicone makeup sponge market is expected to achieve a CAGR of 7% during the forecast period, growing from USD 638.58 million in 2022 to a projected USD 1,256.19 million by 2032.

Rising awareness of the benefits of silicone makeup sponges—such as reusability, ease of use, and superior results compared to other beauty tools—is anticipated to drive sales and contribute to the market’s growth.

The beauty and personal care market is one of the fastest-growing sectors, driven by product innovations and increasing consumer awareness about appearance. Makeup is no longer solely female-centric; the male personal care and makeup market is on the rise, prompting brands like Asos, Calvin Klein, Yves Saint Laurent, and Clinique to offer makeup specifically for men. Established brands such as MAC, Tom Ford, and Marc Jacobs have also introduced gender-neutral makeup lines.

This shift has led companies to innovate not just in color cosmetics but also in application tools, such as silicone makeup sponges. These sponges are comparable in size to traditional beauty blenders and distribute products similarly to blender sponges or brushes.

Consumers are becoming more aware of the advantages of using hygienic products through social media and other channels. Silicone makeup sponges are considered more hygienic than traditional blenders, as they can be easily washed and cleaned after use.

Silicone Makeup Sponge Market: Market Dynamics

Silicone makeup sponges are trending and gaining popularity among consumers due to their unique ability to apply products completely on the skin. Unlike traditional makeup blenders, which are porous and absorb some foundation and cream, silicone sponges minimize product waste.

Increasing urbanization is changing consumer lifestyles, driving demand for innovative cosmetic products such as makeup removers, bronzers, highlighters, and glow products. Additionally, the growing population of working women is boosting sales of premium-quality silicone makeup sponges and grooming products. Higher disposable incomes and increased spending power among women are further fueling cosmetic sales.

As consumers prioritize hygiene and seek to maximize their investment in expensive makeup products, silicone makeup sponges offer advantages such as minimal absorption of foundation, powder, or creams, resulting in negligible waste. Furthermore, these sponges are antibacterial and come in various shapes and sizes, with long-lasting durability.

Product packaging is a significant growth factor for silicone makeup sponges, as their compact designs make them easy to carry in handbags. Offered at comparatively lower prices, these sponges are boosting sales in the cosmetic market.

The APAC region is witnessing growth in the personal grooming and cosmetics market, with male consumers showing increasing interest in makeup products. This trend is further driving demand for such items in the market.

Key companies profiled

Colorbar Cosmetics Pvt Ltd

ELF Cosmetics, Super Sponge

Evie Blender

Recent Developments

Super Sponge’s Founders have revamped the sponge with the release of Super Sponge Version 2 in 2020, generating a remastered formula now known as Super Sponge Version 2.
In 2016, the Evie Blender, which is constructed of hypoallergenic silicone, generated a great deal of excitement even before it was released, with its Kickstarter campaign raising nearly 300 percent of its initial funding goal.

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Key Segments

By Price Range:

Premium
Economy
Low

By End User:

Individual
Commercial

By Sales Channel:

Direct
Indirect

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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Market Growth Ahead: Caprylic Capric Triglyceride Set to Exceed USD 1,230 Million by 2032

The Caprylic Capric Triglyceride Market is projected to generate an incremental opportunity of over USD 700 million by the end of 2022. Demand for caprylic capric triglyceride is expected to exceed USD 1,230 million by 2032, compared to USD 650 million in 2021.

Caprylic capric triglyceride is a widely used ingredient in skincare, cosmetics, and hair care products. Derived from coconut oil and glycerin, it appears as an oily liquid and is often mistakenly referred to as fractionated coconut oil due to its similar INCI name.

The cosmetic industry is experiencing rapid growth, driven by increased consumer awareness of personal grooming and care products, which is boosting the global market for personal care and cosmetics.

Caprylic capric triglyceride serves as an emollient, dispersing agent, and solvent, primarily used for conditioning and moisturizing skin and hair. Its oily texture enhances cosmetic formulations, providing a smooth, slippery feel that allows for easy application and a pleasing after-feel.

Cosmetic manufacturers highly value caprylic capric triglyceride for its multifunctional properties, which enhance the shelf life of beauty and personal care products. It adds a light, non-greasy sheen to the skin and boosts antioxidant levels. While there are many synthetic alternatives derived from chemicals, the natural attributes of caprylic capric triglyceride are driving its growing popularity in the global market.

Caprylic Capric Triglyceride Market: Market Dynamics

Consumers are increasingly demanding natural and organic ingredients in beauty and personal care products, and caprylic capric triglyceride is a key ingredient that delivers a light, silky feel without being greasy. This characteristic is driving its popularity in formulations across skincare, hair care, makeup, bath and body care, and fragrances.

There are promising opportunities for caprylic capric triglyceride in developing countries, fueled by rising disposable incomes, rapid urbanization, and a growing population. The market for this ingredient is expected to generate significant revenue in these regions, especially due to demand in baby care products, where its natural and organic properties are highly valued. Manufacturers are increasingly seeking natural ingredients over synthetic ones, responding to the growing interest in herbal skincare products.

However, caprylic capric triglyceride also faces some challenges that could impact demand. Gastric distress is one concern, as long-term use may lead to discomfort. Additionally, consumers allergic to coconut oil should avoid products containing caprylic capric triglyceride, as it retains some of coconut oil’s properties. Furthermore, MCT oil, a related product, can cause irritation in some individuals, similar to the effects of excessive caffeine consumption.

Competitive Landscape

The caprylic capric triglyceride market is highly competitive, driven by key companies employing strategies such as expanding production capacity, forming collaborations, and pursuing mergers and acquisitions.

Key Companies Profiled

Kao Corporation
ABITEC
American International Chemical, LLC.
Alzo International
Charkit Chemical
Vigon International
Jarchem Industries
Lonza Group
Lipo Chemicals
Penta International
Others

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Key Segments Profiled in the Caprylic Capric Triglyceride Market Survey

By Form:

Liquid
Semi-solid

By Source:

Coconut oil
Palm oil
Others

By Application:

Skin Care
Hair Care
Makeup
Fragrances
Bath and Body Care
Food
Medicines

By End Use:

Cosmetic and Personal Care Industry
Pharmaceutical Industry
Food and Beverage Industry
Health and Wellness Industry
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Trends and Opportunities in the Electronic Soap Dispenser Market Through 2032

The electronic soap dispenser market was valued at USD 1,063.2 million in 2022 and is projected to reach USD 1,958.61 million by 2032, with a CAGR of 6.3% during this period. This growth is driven by the increasing demand for automatic faucets and smart bathroom products, leading to a surge in key trends and opportunities within the electronic soap dispenser market.

Increasing hygiene concerns in developing countries like Brazil, China, India, Indonesia, Thailand, and South Africa are expected to enhance the utility of electronic soap dispensers, positively impacting future market trends.

Heightened awareness of the importance of hand hygiene is anticipated to drive demand for electronic soap dispensers, accelerating adoption rates. These dispensers utilize sensor technology to detect the presence of an external object, automatically dispensing liquid or foam soap.

With its touchless, germ-free, and skin-safe features, electronic soap dispensers are gaining popularity in commercial and institutional sectors, driving their adoption. This technology is designed to ensure maximum hygiene while delivering a precise amount of liquid soap, enhancing dispenser efficiency and minimizing waste. As a result, this trend is boosting opportunities within the electronic soap dispenser market.

Additionally, increasing sanitation initiatives by various governments have indirectly supported the growth of the electronic soap dispenser market in recent years. Poor hygiene practices can lead to serious stomach diseases, prompting governments and healthcare organizations to collaborate on initiatives aimed at combating these health issues, thereby creating key trends and opportunities in the electronic soap dispenser market.

KEY TAKEAWAYS:

For the product type category, the steel segment leads the electronic soap dispenser market, expanding at a CAGR of 6.6% during the forecast period.
In 2022, the steel segment will command 34.4% of the electronic soap dispenser market share in the electronic soap dispenser market for the product type category.
By application, the commercial segment is expected to dominate the electronic soap dispenser market, expanding at a CAGR of 6.1% during the forecast period.
By 2028, the commercial segment is expected to have an electronic soap dispenser market share of 67.0% of the electronic soap dispenser market by application.
For the sales channel category, the direct sales segment leads the electronic soap dispenser market, expanding at a CAGR of 6.9% during the forecast period.
In 2028, the Indirect Sales segment for the sales channel category, will be accounting for 82.7% of electronic soap dispenser market share.
South Asia dominated the electronic soap dispenser market, which grew at a CAGR of 10.3% during the forecast period.
South Asia had the largest electronic soap dispenser market in 2028, accounting for 20.8% of the electronic soap dispenser market share.

COMPETITIVE LANDSCAPE:

Toto Ltd., American Specialties, Inc., Umbra, Simplehuman, Orchids International, Toshi Automatic Systems Pvt. Ltd., Lovair, Bobrick Washroom Equipment, Inc., Shenzhen City Svavo Bathroom Products Co., Ltd., And Zaf Enterprises are among the major electronic soap dispenser market players. Product development has been one of many companies’ primary competitive strategies.

Recent Development:

Launch:

Shenzhen SVAVO Intelligent Technology Co. Ltd. launched the tabletop touchless foaming soap dispenser V-370 in March 2019. It is intended for use in bathrooms, kitchens, and laundry rooms and is available in three colours: black, white, and nickel.
Cannon Hygiene Limited launched the Imagine Range of washroom dispensers in April 2016. These are automatic antibacterial soap dispensers that do not contain any volatile organic compounds (VOCs).

Introduction:

Due to the rising consumer demand for luxury and convenience home accessories, PerPik Company introduced a new premium quality touch-free electric soap dispenser for kitchen and bathroom sinks in November 2018.

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Key Segments

By Product type:

Plastic
Steel
Others

By Application:

Commercial
Residential

By Sales Channel:

Direct Sales
Indirect Sales

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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Market Momentum: Analyzing the Growth of the Ironing Table Sector

The ironing table market is projected to reach USD 2,168.4 million in 2022 and is expected to grow at a CAGR of 7.1% from 2022 to 2032, reaching USD 4,305.6 million.

The ironing board streamlines the ironing process, making it more comfortable for users. These boards are available to consumers through retail stores, outlets, and online platforms.

Despite millennials’ tendency to move away from traditional household items, ironing boards remain essential in most homes. When purchasing ironing boards, consumers typically prioritize features such as foldability, frame design, dimensions, iron rest, and durability.

Market players are exploring innovative approaches to enhance their ironing board offerings. The warranty period and durability of an ironing board are critical factors, as consumers increasingly value these attributes. The global ironing board market is expected to experience a strong CAGR during the forecast period from 2020 to 2030.

Ironing Boards Market — Key Trends

Market players are introducing innovative and new ironing boards to re-energize their sales. They are posting online How to-videos to educate their millennial users about the fabric basics. For instance, Rowenta a manufacturer powerful irons and ironing board launched a unit on wheels that fold compactly to easily fit into a closet. The majority of manufacturers are opting for their platforms or other online platforms for sales of the ironing board to extend their customer reach.

These platforms provide substantial discounts, attracting consumers. The sales of ironing boards are closely linked to the demand for ironing products, such as regular irons, steam irons, and steamers.

As steamers gain popularity, technological advancements from market players have led to the development of boards that can be adjusted to three different positions, from horizontal to upright. Innovating new devices to transform the ironing experience is expected to have a positive impact on the millennial-dominated market.

Ironing Boards Market — Growth Restraints

Millennials’ inclination toward alternatives like steamers or wrinkle-remover settings on dryers may hinder ironing board sales. The height and sturdiness of these boards are crucial, as many users report issues with non-adjustable heights and poor quality.

Moreover, ironing boards require proper maintenance, as excessive force can lead to breakage. Additionally, their relatively high cost may negatively affect sales during the forecast period.

Key Companies Profiled

Flipzone
Magna Homewares
Orril
Oppsme
Bathla
Whitmor
Leifheit
Brabantia
Ybm Home
Widemex

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Key Segments Profiled in the Ironing Table Industry Survey

Ironing Table Market by Classifications:

Steel Ironing Table
Aluminum Ironing Table
Plastic Ironing Table

Ironing Table Market by Applications:

Households Ironing Table
Laundry Ironing Table
Apparel Industry Ironing Table
Hotel Ironing Table

Ironing Table Market by Types:

Portable table top ironing board
Wall-mounted iron table
Table-top or full-size ironing board

Ironing Table Market Region:

North America Ironing Table Market
Latin America Ironing Table Market
Europe Ironing Table Market
Asia Pacific Ironing Table Market
Middle East and Africa Ironing Table Market

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The Exciting World of Slots of Vegas Split Second Play

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What Makes Slots of Vegas Split Second Play Unique?

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Diverse option of port video games
Regular promos and bonus offers
VIP program for dedicated gamers

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Driving Trends: The Rise of Aesthetic and Protective Automotive Wheel Coatings in a Growing Market

It is projected that the size of the worldwide automotive wheel coatings industry demand will grow at a steady 3.1% CAGR from 2022 to 2032. By the end of 2022, the global market is anticipated to be valued at USD 737.6 million, and by the end of 2032, it will be valued at USD 1,001.4 million. Environmentally friendly materials are also anticipated to drive the market in the next ten years, contributing to the market’s growth. Decorative and performance coatings manufactured using sustainable technology are responsible for this expansion. During the projected period, the market is expected to be driven by the rising demand for automobile wheel protection, ornamental, performance, and anti-corrosive coatings.

The demand for automotive wheel coatings is anticipated to surge at a steady pace with the rapid growth of the automotive industry. Increasing demand for automotive-like passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) has led to a surging production of vehicles, as well as subsequent accessories such as automotive wheels. These wheels are most of the time made of metal and metal alloys, which are most likely prone to corrosion in changing weather conditions. Automotive wheel coatings, therefore, are necessary to protect the surface of these wheels from environmental changes and to keep them safe, durable, and ready to perform in a long run.

Yet another brilliant aspect of automotive coatings is to offer attractive looks to vehicles. In order to enhance the look of an automotive vehicle, innovative designs of wheels coated with catchy and bright colors are expected to drive market growth over the projection period. This combination would help to boost the demand for cars, especially those falling under the luxury and sports segment among the millennials and gen Z. Thus, demand for wheel coatings for luxury and decorative purposes is also propelling the market. In addition to that, young buyers and owners of two-wheelers and passenger cars are specifically attracted to using allow rims and metallic coated wheels for their vehicles because they believe that the use of such accessories enhances their vehicle’s look. They also associate the same as the user’s outer personality and status symbol.

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Key Takeaways

The frequency of changing environmental conditions all over the world has significantly surged over recent years which has resulted in leaving a negative impact on the wheels and rims. It has resulted in the corrosion and wear-and-tear of the substrate material. Demand for all-weather coatings from industries such as construction and automotive witnessed decent growth from all over the world, but especially in North American and Atlantic countries.
The atmosphere in various countries situated in such regions has a high salt content and therefore they become very cold & snowy during the winter season. Such a hostile environment affects the wheel substrate and its coating.
The tire and wheel are known to be those vehicle components that are subjected to the most complex conditions, it is necessary to shield the wheel with the best possible technology to sustain its longevity. A thorough composition prevents salt from corroding the wheels which help in eliminating the probability of high-magnitude wear and tear. Therefore, demand for all-weather automotive wheel coatings from automobile manufacturers and individual consumers is expected to be a rising trend in the industry.
Auto accessories shops in present times are loaded with such metallic wheel coatings owing to the high customer demand. In order to meet the rising customer demand, automotive wheel coating manufacturers have launched various wheel coating sprays that can be used without any prior guidance.

Competitive Landscape

Prominent players in the market for automotive wheel coatings are concentrating on the acquisition of other market players in order to increase their consumer base. In addition to that, their rapid expansion and strategic steps include capacity expansions and geographical expansions in emerging economies to bolster the stronghold in the market. Key market players are heavily investing in research and innovations for product development. At the same time, they are introducing sustainable coatings with attractive finishing properties to boost sales.

Key Companies Profiled

Akzo Nobel N.V.
Kansai Paint Co. Ltd.
PPG Industries Inc.
Axalta Coating Systems
BASF SE
Emil Frei Gmbh and Co. KG
Lankwitzer Premium Coatings
TIGER Coatings GmbH and Co. KG
Arsonsisi
Helios Coatings

More Insights into the Automotive Wheel Coatings Market

Over the last few years, China is anticipated to dominate the global chemical manufacturing industry attributing to its low labor costs, rapid investments, flexible government regulations, enormous supply chains, and easy availability of raw materials. Growth in the manufacturing industry has also flourished in end-use industries that cater to the cumulative growth of China as the biggest raw material manufacturer and consumer.

Automotive Wheel Coatings Market Outlook by Category

By Material Type:

Acrylic Enamel
Acrylic Urethane
Acrylic Lacquer
Zinc Phosphate
Epoxy
Epoxy Polyester
Polyester
Polyurethane

By Substrate:

Aluminum
Steel
Others

By Product Type:

Primers
Base Coat
Clear Coat/Topcoat

By Vehicle Type:

Passenger Cars
LCVs
HCVs

By Sales Channel:

OEMs
Aftermarket

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

Study by: https://www.globenewswire.com/en/news-release/2023/11/06/2773881/0/en/Automotive-Wheel-Coatings-Market-to-Generate-US-1-163-83-Million-Revenue-by-the-end-of-2033-Owing-to-Increased-Wear-and-Tear-of-Wheels-Tires-FMI.html

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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Metal and Metal Oxide Nanoparticle Market Set to Reach USD 109865.7 million by 2034, Driven by Innovation in EVs and Biomedical Applications

In light of the growing desire for personal care products, it is projected that the personal care & cosmetics sector would directly affect the use of Metal & Metal Oxide Nanoparticles. The global metal and metal oxide nanoparticle market size is anticipated to be valued at USD 36335.4 million in 2024 and further increase at a CAGR of 11.7% during the forecast period. Worldwide sales of metal and metal oxide nanoparticles are set to total USD 109865.7 million by 2034.

Nanoparticles are increasingly being utilized in various industries, including electric vehicles (EVs), chemical processes, aerospace, biomedical systems, and environmental remediation. These are being used in targeted drug delivery systems, biocompatible implants, and theranostics, offering the potential for personalized healthcare solutions. The industry is also influenced by environmental responsibility, with manufacturers prioritizing eco-friendly production.

Advancements in materials science are crucial for the industry’s expansion amid research focusing on novel metal and metal oxide nanoparticles with enhanced biocompatibility, customized catalyst functionalities, and improved conductivity. Challenges include assessing potential health and environmental risks, implementing stringent regulations, and ensuring product quality, safety, and consumer trust. Businesses must be flexible and standardize testing and characterization methods to ensure sustainable growth.

Key Takeaways from the Market Report

The global metal and metal oxide nanoparticle market is set to reach USD 36335.4 million by 2034, with a CAGR of 11.7% in the forecast period.
Based on type, the metal nanoparticles segment accounted for a market share of 97.2% in 2024.
By end-use, the personal care and cosmetics segment is leading with a market share of 38.2% in 2024.
India is anticipated to record a CAGR of 17.3% between 2024 and 2034.
Sales in China are predicted to rise at a CAGR of 13% through 2034.

“Nanoparticles are finding applications in the biomedical sector. Manufacturers are collaborating with research institutions to accelerate innovation and develop new materials and applications for nanoparticles,” – says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Growing Demand For Metal & Metal Oxide Nanoparticles From Personal Care & Cosmetics Industry

Various types and forms of nanomaterials can be employed in the cosmetics business. It is a fact that a rising number of nanostructures are being evaluated in cosmetics due to the advancement in Research and Development (R&D) in the cosmetics sector.

Finding the best suitable and affordable nanomaterials to employ in aesthetic applications is a clear goal for many companies. As opposed to cosmetics made on a smaller scale, nanoparticle-based products have certain distinct benefits.

The cosmetics industry uses nanoparticles (NMs) to achieve more stability and long-lasting effects. Since nanoparticles have a large surface area, the active components can be transported more effectively into the skin. New color components, transparency (like in sunscreens), and long-lasting effects (like in nail paint and lipstick) are other major applications of nanoparticles in cosmetics.

When utilizing NMs, the cosmetics industry’s ultimate objective is to administer the appropriate dosage of chemicals to the targeted body areas and to achieve long-term stability. NMs are now used frequently in skin care products, specifically, as UV filters in sunscreens.

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Increasing Government Attention Towards Nanotechnology Research Is Expected To Boost The Market Growth

Due to the rise in global spending on nanotechnology research, the number of novel nanoparticle characterization products is increasing quickly. Many nations throughout the world are now investing significant public funds in nanotechnology research and development initiatives. Huge public investments were made in the business during the past ten years. The United Kingdom makes considerable investments in the study of nanotechnology.

The science, technology, and innovation (ST&I) strategies of emerging nations like Colombia, Chile, Venezuela, Uruguay, and certain Central American and Caribbean nations have also taken nanotechnology into consideration. Other nations are also putting more emphasis on nanotechnology research.

What Are The Factors That May Limit The Growth Of The Metal & Metal Oxide Nanoparticles Market?

Certain factors may hinder the market growth in the forecast period. One of the key factors is the toxicity of certain nanoparticles. Toxicity in nanoparticles has led to worries regarding their use, notably in the medical sector. Metal nanoparticles’ toxicity and biological activity are drastically different from those of their bulk counterparts.

Metal nanoparticles are produced and used more often, exposing people and the environment to them more frequently and raising questions about their toxicity. After inhalation, ingestion, and skin contact, metal nanoparticles are prone to concentrating in sensitive organs, including the heart, liver, spleen, kidney, and brain.

Copper has been employed in numerous commercial and industrial purposes since the early days of human civilization. On the other hand, copper oxide nanoparticles have been documented to be extremely harmful all over the world.

It has also been noticed that the environment is contaminated by their widespread usage in industrial and consumer items. As a result, several restrictions governing the number of copper nanoparticles to be utilized in the production of these items have been approved by national associations and agencies.

Who is Winning?

Key players in the metal and metal oxide nanoparticle market, such as American Elements, The USA Research & Nanomaterials Inc., Nanoshel LLC, and Meliorum Technologies Ltd, are investing in research and development to create novel nanoparticles with enhanced properties. They are also focusing on pre-dispersed nanoparticles for easy incorporation into production processes or composites for specific applications.
Manufacturers are collaborating with research institutes to accelerate innovation and create novel materials. They are also engaging in acquisitions and mergers to expand their product portfolios.

They are exploring the potential of nanoparticles in industries like clean energy and food packaging. A few players are also discovering sustainable methods to address environmental concerns. To maintain competitiveness, these players must focus on innovation, strategic partnerships, industry expansion, and sustainable practices.

Key Players

American Elements
The USA Research & Nanomaterials Inc.
Nanoshel LLC
Meliorum Technologies Ltd
Nanostructured & Amorphous Materials, Inc.
Nanophase Technologies Corporation
NanoComposix Inc.
Tekna Plasma Systems Inc
Sigma-Aldrich Co LLC
Shanghai Huzheng Nanotechnology Co., Ltd

Industry Updates-

The Journal of Environmental Chemical Engineering released an article in April 2024 that detailed the usage of zinc oxide nanoparticles as a method of inactivating multidrug-resistant bacteria. These bacteria are becoming more prevalent due to the overuse of antibiotics.
Tokyo Metropolitan University researchers created a technique in March 2024 to enhance the catalytic activity of gold nanoparticles supported on silica by including single nanosheets of mixed metal oxide.

Key Segmentations

By Type:

Titanium
Silicon
Aluminum
Iron
Gold
Copper
Silver
Magnesium
Platinum
Zinc

By End-use:

Chemicals and coatings
Pharma and healthcare
Transportation
Personal care and cosmetics
Electrical and electronics
Defense
Transportation

By Region:

North America
Latin America
Western Europe
South Asia
East Asia
Eastern Europe
Middle East and Africa

Source: https://www.globenewswire.com/news-release/2024/07/22/2916522/0/en/Metal-and-Metal-Oxide-Nanoparticle-Sales-Set-to-Total-USD-109865-7-Million-by-2034-Amid-Rising-Demand-for-Personalized-Healthcare-Solutions-Future-Market-Insights-Inc.html

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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UV Coatings Market Forecast: Projected Growth to USD 6,780 million by 2033 Driven by Innovation and Industrial Demand

The global UV coatings market is anticipated to attain a valuation of USD 4,065.94 million in 2023 and is estimated to reach USD 6,780 million by 2033, expected to rise at a CAGR of 5.2% during the forecast period. The demand for UV coatings is expected to rise due to increasing environmental awareness and the growing electronics industry. The rise in coatings demand from industrial applications will most likely have a positive impact on the market.

The sales of UV coatings are expected to increase due to rising research activities focused on generating new and enhanced functionalities, particularly through the application of nanotechnology. Self-healing coatings, which incorporate filled nanocapsules, are being developed to repair physical damage by releasing polymerizable substances. Additionally, there is a growing demand for biocidal coatings, leading to ongoing research to enhance their resistance against a wide range of microbes. These factors have the potential to significantly boost market growth.

The market growth is expected to be supported by low operational costs, minimal to zero volatile organic compound emissions, and superior characteristics such as higher gloss finish and improved resistance. The growth of graphic arts and numerous industrial applications such as wood, plastic, conformal, display, and paper coatings is anticipated to contribute to market expansion.

UV coatings technology offers two key advantages that have earned it the “green” label in the clothing manufacturing industry. Firstly, UV coating formulations typically have low levels of hazardous air pollutants (HAPs) and volatile organic compounds (VOCs). Secondly, UV coatings require less energy for drying compared to solvent-based or water-based coatings, resulting in reduced greenhouse gas emissions. As companies strive to reduce their environmental footprint and comply with regulations, UV coatings serve as a valuable tool to cut air pollution and greenhouse gas emissions. These factors are expected to drive market growth throughout the forecast period.

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Key Takeaways

The market in China is projected to grow with a CAGR of 5.4% during the forecast period.
The demand for UV coatings in Japan is expected to grow with a significant CAGR of 5.5% during the forecast period.
United States is expected to account for 90.4% of the North American market share by 2033.
By composition, monomers segment is expected to grow with a CAGR of 4.8% during the forecast period.

“Increasing demand for UV coatings from industrial applications is expected to drive market growth during the forecast period,” comments an FMI analyst.

Competitive Landscape

The market for UV Coatings is highly competitive, with various prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players are Arkema Group, BASF SE, Akzo Nobel NV, PPG Industries, Axalta Coating Systems LLC, The Valspar Corporation, The Sherwin-Williams Company, Croda International PLC, Dymax Corporation, Allnex Belgium SA/NV Ltd., Watson Coatings Inc.

Some recent developments in the UV Coatings market are:

In April 2021, Dymax Oligomers and Coatings collaborated with Mechnano to create UV-curable dispersions and masterbatches of Mechnano’s functionalized carbon nanotube (CNT) for UV applications.
Sherwin-Williams Company acquired Sika AG’s European industrial coatings division in August 2021. The deal was set to be completed in Q1 2022, with the acquired business joining Sherwin-Williams’ performance coatings group operating segment.
PPG Industries Inc. acquired Tikkurila, a prominent Nordic paint and coatings company, in June 2021. Tikkurila specializes in environmentally friendly decorative products and high-quality industrial coatings.

Key Segments Profiled in the UV Coatings Market

By Composition:

Monomer
Oligomer
- Polyester
- Polyether
- Polyurethane
- Epoxy
Photo Initiator
Additives

By Type:

Water-Based
Solvent-Based

By End Use:

Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Building & Construction

About Future Market Insights (FMI)

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Electrical Steel Coatings Market to Reach USD 487.3 Million by 2032 Amid Growing Demand in Motors and Transformers

The global electric steel coatings market share is anticipated to be slated for a steady growth rate with a healthy CAGR of 5.5% over the forecast period from 2022 to 2032. The global market size reached around USD 271 Million in 2021 and is likely to surpass a valuation of USD 285 Million in 2022. The market is expected to surpass a valuation of USD 488.3 Million by 2032.

In comparison to the historical period, the global electric steel coating market registered a CAGR of 4.9% during the historical period from 2015 and 2021. The growth in global electrical steel coatings market is projected to grow with surging usage of these coatings in transformers and motors. The rapid expansion of end-use industries incorporating automotive, and electricity is likely to push the sales of electrical steel coatings over the next decade.

Electrical steel coatings are known as pigmented coatings that help in insulating silicon steel sheets of generators and motors. These unique coatings are drastically being utilized throughout the construction of electrical equipment like transformers and motors in order to prevent corrosion, eddy current losses, hysteresis losses, and anomalous losses. Besides this, they also offer excellent surface insulation resistance and thermal stability. Furthermore, the surging population and usage of electric equipment like transformers, generators, and motors are expected to bolster the growth of the global electrical steel coatings market during the forecast period.

Electrical steel coatings are known to be essential solutions for ensuring the efficiency of motors, transformers, and generators. These coatings are generally utilized during the construction of the magnetizable core of these electrical products to insulate the electrical steel sheets for preventing the flow of electricity and reducing eddy currents. Among numerous end-use industries, the automotive and electrical industries are known as the primary users of transformers and motors. As a result, the expansion of these sectors serves as a significant market catalyst for the electrical steel coatings market.

Key Takeaways

The development of premium quality coatings at a lower cost can offer significant growth opportunities to exclusive coatings manufacturers. The prominent market players particularly those who are involved in the manufacture of electrical steel coatings, can capitalize on the opportunity to supply good quality products at lower costs.
Leading steel manufacturers are developing their own production facilities for coatings, and the cumulative cost of raw material procurement, R&D, product development, and large-scale production is considered the factors leading toward successful backward integration. Hence, it will create an opportunity for manufacturers all over the world which will eventually grow the electrical steel coatings market.
Owing to the rising demand for electrical equipment like transformers, generators, and motors across thriving automotive and power sectors will boost the electrical steel coatings market over the next ten years. Different grades of electrical coatings are anticipated to be utilized only with specific kinds of electrical steel. Attributing to the rise in electrical steel usage all over a diverse variety of end-use applications, the electrical steel coatings market will expand at a steady pace over the forecast period.

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Competitive Landscape

In order to expand their market size, key manufacturers in the global electrical steel coatings market are concentrating on expanding their reach along with focusing on new product launches activities as well as research and development of organic-based electrical steel coatings

Key Companies Profiled

Axalta Coating Systems Ltd.
thyssenkrupp AG
Rembrandtin Lack GmbH Nfg. KG
POSCO
Baosteel
Nippon Steel & Sumitomo Metal Corporation (NSSMC)
ArcelorMittal SA
JFE Steel Corporation
Filtra Catalysts and Chemicals Ltd.
Polaris Laser Laminations, LLC
Wuhan Iron & Steel (GROUP) CORP.
Proto Laminations Inc.
AK Steel Holding Corporation

More Insights into the Electrical Steel Coatings Market

According to the analysis done by FMI, the U.S. is anticipated to dominate the global electrical steel coatings market as it is expected to account for around 12.7% of the total market share in 2022. This rapid expansion in the U.S. is attributed to the power infrastructure in the U.S. and the rising need for improving the efficiency of transformers and motors along with the storage presence of leading manufacturers is anticipated to drive the U.S. electrical steel coatings market.

Electrical Steel Coatings Market Electrical Steel Coatings Market by Category

By Coatings Type:

By Material Type:

Chrome Free
Chrome-containing
Formaldehyde-free
MgO

By Application:

Grain-oriented
Non-grain Oriented

By End Use:

Transformers
Motors
Others

By Region:

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

Read Complete Source: Electrical Steel Coatings Market is Expected to Witness US$ 488.3 Mn Valuation by 2032 end. Development of Low-cost Coatings with Good Quality is driving factor, says 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: