Future Market Insights Projects Rapid Growth in USA Medical Coding Market USD 2.3 Billion by 2033, Driven by AI Integration

Future Market Insights has released a groundbreaking forecast for the USA medical coding market, predicting significant growth over the next decade. According to the latest report, the market, valued at USD 1.0 billion in 2023, is expected to surge to USD 2.3 billion by 2033, representing a robust Compound Annual Growth Rate (CAGR) of 8.4%. This remarkable growth is primarily attributed to technological advancements, particularly the integration of artificial intelligence (AI) into medical coding processes.

AI is revolutionizing the medical coding landscape by automating the search for accurate codes corresponding to specific medical conditions, significantly improving efficiency and reducing manual workloads. With AI, routine tasks can now be automated, allowing medical coders to focus on analyzing complex patterns in medical data. This shift not only enhances operational efficiency but also improves healthcare quality and safety by enabling professionals to dedicate more time to intricate analytical tasks.

A key driver of this transformation is the use of natural language processing tools embedded in computer-assisted coding (CAC) systems. These advanced systems are capable of analyzing extensive patient data, identifying patterns, and correlating them to appropriate medical codes, thereby streamlining the coding process. This AI-driven innovation helps reduce errors, improve workflow efficiency, and optimize real-time auditing functions.

As healthcare organizations continue to adopt AI-driven tools, the medical coding industry in the USA is poised for a significant shift. The integration of AI is expected to boost operational efficiencies and ensure more accurate coding, which is essential for billing and insurance processes. This technological advancement promises to enhance the management of medical records and billing systems, raising the overall standards of healthcare administration.

For instance:

  • In 2021, athenahealth, Inc. announced the launch of the athenaOne® Medical Coding solution which serves different healthcare settings in smooth coding workflows.

Key Takeaways from Market Study:

  • The emergency medicine segment dominated the market in 2022 with a 6% market share due to significant demand for immediate care required for ill and injured patients.
  • In 2022, the outsourced service accounted for 6% of the market share, owing to the benefits that this service provides to medical coding service users.
  • In 2022, the enterprise therapy practices dominated the end user category with a market share of 4% due to growing demand for medical coding solutions and software.
  • Midwest USA topped the list by region, with a market share of 8% in 2022, and is anticipated to remain at the top till the forecast period.

“Increase in the outsourcing of medical coding services and increased advancements in the medical coding field is set to propel the sales of medical coding software and services across the USA  ” according to a researcher of Future Market Insights.

USA Medical Coding Trends Unveiled: Get a Complete Overview with Insights from Our Full Report!

Market Competition:

The developers of medical coding software are expanding the market by introducing new solutions that provide an enhanced level of ease to the users. The companies are focused on increasing recognition and position in the USA market. Their coders usually are American Academy of Professional Coders (AAPC) certified.

  • In 2021, Maverick continued to provide its mCoder deep learning artificial intelligence platform in the USA healthcare business.
  • In order to broaden its product line and provide a neutral, reliable, and pervasive platform for the interchange of data across the healthcare industry, Datavant and Ciox concluded their merger in 2021.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the USA medical coding market in its latest study, presenting a historical demand assessment of 2015 to 2022 and projections for 2023 to 2033. The USA medical coding market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Key Companies Profiled:

  • Tebra (Kareo, Inc.)
  • Global Payments, Inc. (AdvancedMD, Inc.)
  • EverCommerce Inc. (DrChrono Inc.)
  • The 3M Company (3M Health Information Systems, Inc.)
  • Greenway Health, LLC
  • Dolbey
  • GeBBS Healthcare Solutions (Aviacode Inc.)
  • AQuity
  • Baruch Business Solutions
  • Infinx
  • athenahealth, Inc.
  • BUDDI.AI
  • Context4 Healthcare, Inc.
  • Eclat Health Solutions Inc.
  • Maverick Medical AI Ltd.
  • UnitedHealth Group Inc. (Optum, Inc.)

Key Segments Covered in USA Medical Coding Industry Research:

Clinical Specialties:

  • Emergency Medicine
  • Diagnostic Pathology Services
  • Diagnostic Imaging
    • Radiology Imaging
    • Interventional Radiology
    • Nuclear Medicine
  • Inpatient Treatment
    • Radiology Imaging
    • Interventional Radiology
    • Nuclear Medicine
    • Anaesthesia and Critical Care
    • Cardiology & Cardiac Surgery
    • Gastroenterology & Hepatology
    • Obstetrics and Gynecology
    • Nephrology
    • Urology
    • Neurology & Neurosurgery
    • General Surgery
    • Orthopedics
    • Spinal and Pulmonology
    • Reproductive Medicine
    • Rheumatology
    • Dental Sciences & Cranio-Maxillo Facial Surgery
    • Oncology
    • Diabetology & Endocrinology
    • Pediatrics & Neonatology
    • Psychiatry & Clinical Psychology
    • Organ Transplant
  • Outpatient Treatment & Diagnostics
  • Ophthalmology
  • Dermatology
  • ENT
  • Clinical Nutrition
  • Ambulatory Surgery
  • Physician Office Visits
  • Ancillary Services
  • Observation Services
  • Others

Service:

  • In-house
  • Outsourced

End User:

  • Enterprise Therapy Practices
    • Hospitals
    • Ambulatory Surgical Centers
    • Cancer Research Institutes
    • Long Term Care Centers
  • Small Therapy Practices
    • Specialty Clinics
    • Independent Physician Practices
  • Diagnostic & Reference Laboratories
  • Diagnostic Imaging Centers
  • Educational & Research Institutes
  • Healthcare Payers
  • EMS Services
  • Health Services

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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Fortified Foods: Bridging Health Awareness and Economic Growth in Asia Pacific and the Middle East

Demand for fortified foods is projected to reach approximately USD 140,608 Million in 2023, with an expected increase to USD 257,715 Million by 2033. This growth represents a compound annual growth rate (CAGR) of 6.2% over the next decade.

In industrialized countries, rising health consciousness among consumers is significantly driving the fortified foods market. Simultaneously, the growing popularity of these products in emerging markets is supported by consumers’ increasing purchasing power.

The demand for fortified foods is largely fueled by favorable policies aimed at eliminating malnutrition, along with heightened awareness among policymakers in the Asia Pacific region and the Middle East.

Key Takeaways

  • Rising health consciousness in industrialized nations is driving increased demand for fortified foods.
  • Consumers increasingly prefer fortified foods that address specific nutritional deficiencies, such as vitamin D and iron.
  • Fortified dairy products are anticipated to lead the market due to their popularity among health-conscious consumers.
  • Innovations in food technology, like drying methods, are expected to improve the convenience and shelf life of fortified foods.

Competitive Landscape

Several major market players are focusing on research and development to launch new fortified foods and processes. Establishing strategic partnerships and introducing innovative products are essential for success in the fortified foods market.

Recent Developments

  • In July 2023, Kebbi harvested the first fortified rice in West Africa. Experts stated at a training session for media personnel in Birnin Kebbi on promoting rice fortification in Nigeria (PRiFN).
  • In August 2023, Albertsons Companies Inc. plans to present its Sincerely Health platform’s latest digital enhancement, which measures grocery purchases according to USDA’s MyPlate recommendations. Sincerely Health offers dietary preferences, household size, and age-specific nutritional options for customers within the “Nutrition” experience.

Key Companies Profiles

  • Nestlé S.A.
  • BASF SE
  • General Mills
  • Tata Chemicals Limited
  • Mondelez International
  • Cargill Incorporated
  • Danone
  • Bühler AG
  • Bunge Limited
  • Unilever PLC
  • Koninklijke DSM NV
  • Stern-Wywiol GmbH & Co.KG
  • Aria Foods
  • Nutritional Holdings (Pty) Limited
  • Dr. Paul Lohmann GmbH KG Chemische Fabrik
  • Wright Enrichment Inc.
  • Gastaldi Hermanos
  • Sinokrot Global
  • Ufuk Kimya llac Sanayi Ve Ticaret Limited Sirketi
  • Corbion NV

Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com

Fortified Foods Market by Category

By Raw Material:

  • Flours
    • Rice Flour
    • Wheat Flour
    • Corn Flour
  • Rice
  • Salt
  • Milk
  • Oil
  • Sugar

By Micronutrients:

  • Vitamins
    • Vitamin A
    • Vitamin B
    • Vitamin C
    • Vitamin D
    • Other Vitamins
  • Minerals
    • Calcium
    • Iron
    • Zinc
    • Iodine
    • Other Minerals
  • Ther Fortifying Nutrients

By Application:

  • Basic Food
    • Cheese
    • Butter
    • Yoghurt
    • Others
  • Processed Food
    • Extruded Products
    • Powdered Products
  • Value added Food
  • Condiments
  • Juice

By Technology:

  • Drying
    • Oven Drying
    • Drum Drying
    • Spray Drying
  • Extrusion
  • Coating & Encapsulation
  • Others

By Sales Channel:

  • Modern Trade
  • Online Sales
  • Neighborhood Stores
  • Other Retail Format

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The 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.

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
LinkedIn| Twitter| Blogs | YouTube

Beverage Processing Equipment Market Forecast: Expected to Surpass USD 12.8 Billion by 2033, with a CAGR of 4.9%| FMI Reports

Beverage Processing Equipment Market
Beverage Processing Equipment Market

The global beverage processing equipment market is expected to grow at a notable Compound Annual Growth Rate (CAGR) of 4.9% over the next decade. By 2033, the market is projected to reach USD 12.8 billion, up from USD 7.7 billion in 2023.

Recent shifts in the global beverage industry, driven by diverse consumer preferences, are fueling this growth. The rising demand for a variety of beverages—including alcoholic, non-alcoholic, and dairy products—has led to significant innovations in beverage processing equipment.

The Asia Pacific region is emerging as a major market for both alcoholic and non-alcoholic beverages, with China and India leading in beer and soft drink consumption. Factors such as rising populations, globalization, and increasing adoption of Western lifestyles are driving this demand.

Beverage companies are targeting the expanding middle class in developing regions like Asia, the Pacific, the Middle East, and Africa. To stay competitive and meet the surging demand, producers are investing in adaptable and sustainable processing technologies.

Full Market Assessment: Comprehensive Report

Key Takeaways from the Beverage Processing Equipment Market Study:

  • The beverage processing equipment industry in France is expected to witness a CAGR of 4.7% during the forecast period (2023 to 2033).
  • The Germany beverage processing equipment industry is expected to continue to dominate Europe till 2033 and generate a share of USD 1.9 Billion.
  • The demand for beverage processing equipment is projected to grow at a CAGR of around 5.7% over the next ten years in the U.K.
  • The global market for beverage processing equipment is expected to rise from USD 7.7 Billion in 2023 to USD 12.8 Billion in 2033.
  • Sales of beverage processing equipment are expected to rise at a CAGR of 4.9% during the forecast period.

Emerging Trends Shaping the Beverage Processing Equipment Market:

The beverage industry is experiencing rapid growth and holds significant promise for the future. The operation of beverage processing facilities necessitates a considerable amount of electricity to power various equipment, including plant machinery, refrigeration systems, lighting, and other mechanical processes.

Within the beverage industry, certain critical processes such as pasteurization and evaporation rely heavily on thermal energy. Pasteurization, in particular, plays a pivotal role in eliminating harmful pathogens and deactivating enzymes, ensuring the safety and quality of beverages. However, it’s important to note that these processes consume substantial energy resources, primarily in the form of electricity and other fuels.

This heightened energy consumption in pasteurization and related procedures has led to a notable surge in demand for specialized equipment such as milk pasteurizers and milk homogenizers. These devices are engineered to optimize energy usage while maintaining the requisite high standards of quality and safety in beverage processing.

Key Players Profiled:

  • Tetra Laval (Switzerland)
  • Brawn Mixer (Netherlands)
  • Paul Mueller Company (USA)
  • GEA Group (Germany)
  • KHS GmbH (Germany)
  • Dover Corporation (USA)
  • Neologic Engineers (India)
  • Alfa Laval (Sweden)
  • Krones Group (Germany)
  • Bucher Industries (Switzerland)
  • SPX Flow (USA)
  • JBT Corporation (USA)
  • Steplead International Co., Ltd.(China)
  • Luwico Group Co., Limited (China)
  • Pentair (USA)
  • Bettcher Industries, Inc. (USA)
  • Heat and Control, Inc. (USA)

Beverage Processing Equipment Market Outlook by Category:

By Product Type:

  • Beverage Mixers & Blenders
    • Tumbler Blender
    • Ribbon Blender
    • Paddle Mixer
    • Agitator
    • Emulsifiers
    • Milk Homogenizers
    • Heavy Duty Mixers
  • Sugar Dissolvers
  • Heat Exchanger
    • Shell and Tube Heat Exchanger
    • Plate Heat Exchangers
    • Plate and Shell Heat Exchanger
    • Adiabatic Wheel Heat Exchanger
    • Plate Fin Heat Exchanger
  • Brewery
    • Fermentation Equipment
    • Brew House Equipment
    • Carbonation
    • Control & Monitoring
    • Filling & Packaging
    • Mashing Equipment
    • Milling Equipment
  • Filtration
    • Sedimentation Equipment
    • Gravity Filtration Equipment
    • Centrifugal Separators
    • Clarifiers
    • Thickeners
  • Others (Cooling Tunnel, Storage Tanks, Milk Pasteurizer, and Crushers)

By Beverage Type:

  • Alcoholic
  • Non-alcoholic
    • Carbonated
    • Non-Carbonated
  • Dairy-Based Beverages

By Automation Grade:

  • Automatic
  • Semi-automatic

By Region:

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

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
LinkedIn| Twitter| Blogs | YouTube

Robotic Lawn Mower Market Forecast: Expected to Exceed USD 3,462.23 Million by 2034, with a CAGR of 12.5%| FMI Reports

Robotic Lawn Mower Market

The global robotic lawn mower market is poised for significant growth, with projections indicating it will surpass USD 3,462.23 million by 2034. This growth reflects a robust Compound Annual Growth Rate (CAGR) of 12.5%, a notable increase from USD 1,066.19 million in 2024.

This market expansion is largely driven by the integration of advanced robotics and artificial intelligence (AI) technologies. The proliferation of smartphones has also positively influenced the market, as these devices enable convenient control of robotic lawn mowers through smartphone apps, catering to both personal and commercial landscaping needs. Insights from Future Market Insights reveal these key factors propelling the rapid growth of the robotic lawn mower sector.

Technological advancements and enhanced efficiency are contributing to the surge in robotic lawn mower sales:

The ongoing evolution of technology, especially the incorporation of AI, has sparked a new wave of demand for robotic lawn mowers. These advancements have significantly improved the efficiency and capabilities of these devices, driving increased market interest.

Future growth in the robotic lawn mower market is expected to be fueled by two main factors: the rising use of automation in the commercial sector to lower operational costs, and the growing adoption of robotic lawn mowers for residential purposes. These trends are creating a favorable environment for the continued expansion of the robotic lawn mower market throughout the forecast period.

Full Market Assessment: Comprehensive Report

Key Insights from Research on the Robotic Lawn Mower Market:

  • Europe’s Strong Standing: Europe secures the second spot in robotic lawn mower sales, with an anticipated growth rate of 11.7% CAGR in the upcoming years. Collectively, North America and Europe command a substantial 75% share of the total market.
  • Emerging South Asian and Pacific Markets: The South Asian and Pacific regions are poised to showcase remarkable growth prospects, notably driven by expanding construction endeavors in China, Japan, and India.
  • Exporting Powerhouses: Key exporters of robotic lawn mowers include the United States, Japan, and Germany, underlining their significant contribution to the global market. Additionally, Japan and South Korea collectively account for over 8% of the overall market share.
  • Online Channels Elevating Sales: Sales channels are witnessing a strategic shift towards online platforms, with collaborations between online channels and e-retail giants like Amazon and Alibaba, aimed at bolstering margin growth.

Competitive Landscape:

In order to cater rising demand, companies are entering to strategic collaborations. These partnerships also are intended at expanding portfolio and sharing expertise.

In 2019, Mean Green Products, LLC (Mean Green Mowers), a leading manufacturer of commercial electric mower collaborated with the Kobi Company which is a leading company of robotic solutions to establish safe, convenient, and cost –effective robotic lawn mowers.

Key Players Profiled in the Global Robotic Lawn Mower Market Includes:

  • Husqvarna AB,
  • MTD Products,
  • STIGA S.p.A.,
  • KYODO CO., LTD.,
  • Robert Bosch GmbH,
  • Deere & Company,
  • NINGBO NGP INDUSTRY CO., LTD.,

Market Segmentation:

By Working Area:

  • Small Area (up to 0.4 acres)
  • Medium Area (0.4-0.8 acre)
  • Large Area (above 0.8 acres)

By End Use:

  • Residential
  • Commercial

By Sales Channel:

  • Offline
  • Online

By Region:

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

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
LinkedIn| Twitter| Blogs | YouTube

Condition Monitoring Systems Market Set for Significant Growth, Projected to Hit USD 7,928.7 Million by 2033, at a CAGR of 7.7% | FMI Reports

Condition Monitoring System Market
Condition Monitoring System Market

The condition monitoring system market is poised to reach a significant valuation of USD 3,776.1 million by 2023. According to Future Market Insights, the market is projected to expand at a robust compound annual growth rate (CAGR) of 7.7% from 2023 to 2033, ultimately reaching an impressive USD 7,928.7 million by the end of the forecast period.

Condition Monitoring Systems (CMS) are advanced, technology-driven solutions designed to continuously or periodically assess the health and performance of machinery and equipment. By utilizing various sensors, data acquisition devices, and sophisticated software algorithms, these systems gather, analyze, and interpret data to evaluate the operational condition of assets.

The growing demand for advanced diagnostic tools to monitor machinery health is a key driver of market growth. Industries across various sectors are increasingly adopting condition monitoring systems to enhance the management and oversight of machinery performance. This trend is primarily driven by the need to minimize downtime, optimize maintenance schedules, and improve overall operational efficiency.

Full Market Assessment: Comprehensive Report

Key Takeaways for the Condition Monitoring System Market by 2034:

  • The market is projected to grow from USD 3,776.1 million in 2023 to USD 7,928.7 million by 2033, with a CAGR of 7.7%.
  • Condition Monitoring Systems (CMS) use sensors and software to continuously monitor machinery health and performance.
  • The demand for CMS is driven by the need to minimize downtime, optimize maintenance schedules, and enhance operational efficiency.
  • Increasing adoption across various industries aims to improve equipment performance and reduce operational costs.
  • Technological advancements in diagnostics and data analysis tools are expected to further propel market growth.
  • The market is expanding due to the rising emphasis on predictive maintenance and asset management.
  • Adoption of CMS is becoming critical in industries like manufacturing, oil and gas, and energy to prevent equipment failure and improve productivity.

Condition monitoring system manufacturers focus on software innovations to boost profitability

Manufacturers in the condition monitoring system industry are strategically focusing on software developments to enhance their profit margins and stay competitive in the market. These companies are dedicated to introducing new products, securing lucrative supply contracts, and forging strategic partnerships with other providers of industrial automation solutions to bolster their product offerings and cater to the expanding customer base.

  • For example, in February 2021, ABB Ltd collaborated with its partners as part of the FLEMING research project to develop a cutting-edge solution capable of detecting faults in medium-voltage switchgears using infrared cameras and artificial intelligence. This innovative approach enables the implementation of condition-based monitoring systems, enhancing the efficiency of fault detection and maintenance processes.
  • Similarly, in May 2017, Honeywell and SKF embarked on a joint pilot project aimed at harnessing the potential of Internet of Things (IoT) solutions. Leveraging SKF’s expertise in bearings, lubrication, and condition monitoring alongside Honeywell’s proficiency in data consolidation and software development, the pilot project sought to develop innovative IoT solutions to address industry challenges and meet evolving customer needs.

Key Players

  • Schaeffler Technologies AG & Co.
  • Kirloskar Brothers Ltd.
  • Siemens AG
  • Honeywell International Inc.
  • ABB Ltd.
  • Emerson Electric Co.
  • Rockwell Automation, Inc.
  • Fluke Corporation
  • Parker Hannifin Corp.
  • General Electric
  • Festo Group
  • AB SKF
  • Fuji Electric
  • Eaton Plc
  • Meggitt PLC
  • PCE Instruments
  • AIMIL ltd.
  • Bachmann Electronic GmbH
  • Ingeteam
  • Bruel & Kjaer Vibro GmbH

 

Key segmentations

By Technique:

  • Corrosion Monitoring
  • Infrared Thermography
  • Motor Condition Monitoring
  • Oil Analysis
  • Ultrasound Testing
  • Vibration Analysis

By Application:

  • Aerospace and Defense
  • Automotive and Transportation
  • Chemical and Petrochemical
  • Food & Beverage
  • Marine
  • Mining and Metal
  • Oil and Gas
  • Power Generation

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & 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 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
LinkedIn| Twitter| Blogs | YouTube

Future Outlook for the Crane Market: Projected to Hit USD 67.6 Billion by 2033, Growing at a 4.0% CAGR | FMI Reports

Crane Market
Crane Market

The global crane market is projected to reach USD 45.7 billion in 2023, driven by increasing demand for infrastructural development and construction activities. By 2033, the market is expected to grow to USD 67.6 billion, reflecting a compound annual growth rate (CAGR) of 4.0% from 2023 to 2033.

Key factors fueling the crane market include growing urbanization and the construction of high-rise buildings, bridges, roads, and other infrastructure projects. The rising use of cranes across various industries such as material handling, shipbuilding, manufacturing, and construction is also anticipated to boost market growth.

The market is further expanding due to the increasing application of cranes in the oil and gas industry for exploration, production, and offshore and onshore operations, including rig installation, pipeline construction, and maintenance.

Technological advancements are enhancing crane performance and safety, driving further demand. Innovations such as telematics, anti-collision systems, remote control operations, and load monitoring sensors are contributing to this growth.

North America, with its well-established crane market, benefits from ongoing infrastructure projects, industrial activities, and urban development. The expansion of the oil and gas sector and investments in renewable energy projects in the United States and Canada are also supporting market growth in the region.

The Asia Pacific region is expected to capture a significant share of the crane market due to the extensive construction of high-rise buildings, transportation infrastructure, and energy projects. Rising investments in manufacturing in countries like China and India are further driving demand in the market.

Full Market Assessment: Comprehensive Report

Key Takeaways from the Market Study

  • From 2018 to 2022, the crane market demand expanded at a CAGR of 3.5%
  • Based on crane type, the tower crane segment accounts for a CAGR of 3.8%
  • By application, the construction segment is expected to expand at a CAGR of 3.9% during the forecast period
  • North America to emerge as a promising crane market, capturing a CAGR of 3.9%
  • The crane industry in the United Kingdom is predicted to reach US$ 4 billion by 2033
  • South Asia and the Pacific to be an opportunistic crane market, expected to capture a CAGR of 3.5 % during the forecast period.

Competitive Landscape

The global crane market is fragmented with the presence of several large and medium-scale players. The leading players in the crane market are investing in strategic agreements in order to capture market share.

Some of the development by prominent players in the crane market are:

  • Liebherr is a prominent player in the crane market, known for its wide range of mobile and crawler cranes. In recent years, Liebherr has focused on innovation and product development. For example, they introduced the Liebherr LTM 1650-8.1 mobile crane, which has one of the longest telescopic booms in its class. This crane offers high lifting capacities and advanced safety features, catering to the needs of heavy lifting applications.
  • Terex Corporation is a leading manufacturer of cranes, including rough terrain cranes, tower cranes, and truck-mounted cranes. In recent years, Terex has made advancements in technology and safety features. They launched the Terex CTT 472-20 flat-top tower crane, featuring an increased lifting capacity and advanced control systems for improved efficiency and productivity. This crane incorporates automation features for ease of use and enhanced safety.

Top Key Players

  • Liebherr Group
  • Terex Corporation
  • XCMG Construction Machinery Co. Ltd.
  • The Manitowoc Company
  • Cargotec Oyj, Tadano Ltd.
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • Kobelco
  • Sany Group
  • Kato
  • Tadano Ltd.

Know More about What the Crane Market Report Covers

Future Market Insights offers an unbiased analysis of the global crane market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the crane market, the market is segmented based on type, application, capacity, and design across six major regions.

Key Segmentations 

By Type:

  • Rough Terrain Cranes (RTCs)
  • All Terrain Cranes (ATCs)
  • Truck Cranes
  • Mobile Harbors
  • Off-shore Ship Cranes
  • Loader Cranes
  • Railroad Cranes
  • Crawler Cranes
  • Tower Cranes
  • Others

By Application:

  • Aerospace and Defense
  • Automotive & Railways
  • Heavy Engineering
  • General Engineering
  • Mining
  • Construction
  • Marine
  • Shipping & Material Handling
  • Energy (Power & Gas)

By Capacity:

  • Up to 5 MT
  • 5 to 50 MT
  • 50 to 250 MT
  • 250 to 500 MT
  • 500 to 1,500 MT
  • 1,500 to 3,000 MT

By Design:

  • Stiff Boom
  • Knuckle Boom/Telescopic Boom

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global EUV Lithography Market Expected to Reach USD 22,978.6 Million by 2029, Growing at a 21.5% CAGR | FMI Reports

EUV Lithography Market
EUV Lithography Market

In 2021, the global EUV lithography market was valued at approximately USD 4,648.6 million. Looking ahead to 2029, the market is anticipated to experience substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 21.5%, reaching an estimated USD 22,978.6 million. EUV, or Extreme Ultraviolet, refers to the specific wavelength of light used in this advanced lithography process. The development of more sophisticated lithographic systems is a key driver behind the increasing adoption of EUV technology.

The EUV Lithography Market report by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—provides a comprehensive analysis of the sector. This report covers essential aspects of the EUV lithography market, including key drivers, market size, and forecasts. It features detailed revenue and shipment segmentations, along with a ten-year outlook extending to 2029. The report also examines major industry players, their market presence, competitive dynamics, and regional trends.

The EUV lithography market is poised for significant expansion, driven by the push for miniaturization of integrated circuits and microchips, increasing demand for higher wafer production, and the ongoing growth of the semiconductor industry. As technology evolves to enhance performance and efficiency, the adoption of EUV lithography is becoming essential for achieving the high resolution required for advanced semiconductor manufacturing.

This technology plays a crucial role in semiconductor manufacturing, enabling the precise creation of complex patterns on silicon wafers. This process facilitates the production of smaller, faster, and more powerful semiconductors.

The future growth of the EUV lithography market is closely linked to continued advancements in chip manufacturing technology, miniaturization of integrated circuits, and increased wafer production scales. Despite high upfront costs and the nascent stage of the technology, ongoing innovation and research and development are expected to make EUV lithography more efficient and cost-effective. As a result, the market is projected to achieve a notable CAGR of 21.5% from 2022 to 2029, highlighting its pivotal role in the future of semiconductor manufacturing.

Full Market Assessment: Comprehensive Report

Key Takeaways:

  • Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology.
  • Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing.
  • Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market.
  • Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries.
  • Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

Competitive Landscape

Key players in the EUV Lithography market are focusing on a data-centric approach with an aim of expanding their portfolio of technology solutions that address customer needs. Many key players are also using innovation to expand their product offerings to meet customer requirements. Players are aiming at research & development to develop new products.

For Instance:

  • In Jan 2022, ASML and Intel Corporation announced the latest phase of their longstanding collaboration to advance cutting-edge semiconductor lithography technology.
  • In April 2019, Taiwan Semiconductor Manufacturing Co. Ltd announced the expansion of the Open Innovation Platform ® (OIP) Cloud Alliance, with Mentor Graphics joining inaugural members Amazon Web Services, Cadence, Microsoft Azure, and Synopsys.
  • In March 2019, Samsung Electronics developed a 3rd-generation 10-nanometer-class (1z-nm) eight-gigabit (GB) Double Data Rate 4 (DDR4) DRAM for the first time in the industry.
  • In October 2019, SK Hynix developed 1Znm 16GB (Gigabits) DDR4 (Double Data Rate 4) DRAM. As 16 GB is the industry’s largest density for a single chip, the total memory capacity per wafer is also the largest of the existing DRAMs.

Key Players

  • ASML
  • Nikon
  • Canon
  • Carl Zeiss
  • Toppan Printing
  • NTT Advanced Technology
  • Intel
  • Samsung
  • SK Hynix
  • Toshiba
  • TSMC
  • Global Foundries

Global EUV Lithography Market by Category By End Use :

  • Integrated Device Manufacturer (IDM)
  • Foundry
  • Memory

By Region:

  • Americas
  • EMEA
  • Asia Pacific

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:      

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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Decorative Paints Market Set to Reach USD 108 billion by 2033, Driven by Urbanization and Innovative Finishes, Reports FMI

According to Future Market Insights, the decorative paints industry size is expected to grow from USD 63.34 billion in 2023 to USD 108 billion in 2033. It is expected that the market will grow at a CAGR of 5.4% during the forecast period.

The decorative painting process provides a wide variety of designs, styles, and textures for individuals to select from.

Decor technique, mainly used in interior design, has developed into a major player in the renovation of houses, apartments, commercial premises, kitchens, and bathrooms. In the past, it was purely a professional paint, but now it is popular with homeowners who wish to repurpose their homes.

Decorative paint industry innovation and growth have increased significantly in recent years. As an eco-friendly and sustainable paint option has become more popular, manufacturers have spent a great deal of time in research and development to create low-VOC water-based paints and other environmentally friendly finishes.

Technology such as virtual reality is being used by many companies to improve customer engagement and experience.

Paint the Future, an initiative of AkzoNobel, and Asian Paints’ research and technology organization are also driving industry innovation. As a whole, the decorative paints industry is poised for growth, with more sustainable products and innovation in its future.

Decorative paints are expected to see high growth in demand over the next few years in India. The government’s initiative to invest in infrastructure, schemes such as Housing for All in India is likely to gain traction in the market.

GST on paints is set to be reduced from 28% to 18%, which will boost demand for paints.

Browse the Complete Report!

Key Takeaways:

  • Due to their superior performance characteristics, water-based decorative paints are expected to replace solvent-based paints in the near future. It is estimated that the segment will grow at a CAGR of 5% over the next decade.
  • The market share of decorative paints applied to the interior in Europe is expected to reach 77% by 2023.
  • The United States. decorative paint market is expected to grow by 4.8% CAGR between 2023 and 2033.
  • Sales of decorative paints are expected to grow at 5.7% CAGR in India over the next decade.
  • The decorative paints industry share is expected to reach about 9% in Japan and South Korea by 2023.
  • In 2023, China is expected to hold a 73% share of the East Asia decorative paints market.

“Many foreign and domestic investors are flocking to Asia’s emerging economies to meet the growing demand for construction. As a result, decorative paints are in demand.

In the future, decorative paint consumption will continue to grow because of the growing importance of improving interior décor around the globe,”– says an analyst at FMI.

Competitive Landscape:

The decorative paint industry expands and penetrates new markets, it relies on both inorganic and organic strategies. A number of these strategies are employed, including mergers and acquisitions, partnerships, and the launch of new products.

The key industry players are:

  • Akzo Nobel N.V.
  • Sherwin-Williams Company
  • PPG Industries, Inc.
  • Asian Paints Limited
  • NIPSEA GROUP (Nippon Pain)
  • Valspar Corporation
  • Jotun
  • BASF-SE
  • Berger Paints India Limited
  • RPM International Inc.
  • KANSAI Paints Co., Ltd.

Recent Market Developments are:

  • In April 2023, AkzoNobel will increase its presence in China through the acquisition of Sherwin-Williams’ Chinese decorative paints business on its own. Regulatory approvals must be obtained before the project can be completed. The company generates about €100 million in revenue each year and employs about 300 people. There is a long history and reputation for Huarun’s brand in China, which is included in the transaction.
  • In June 2023, a subsidiary of Asian Paints Limited known as Asian Paints Berger has announced the launch of its new decorative finishes for walls based on Arabic patterns, a product that is curated specifically for the region to restore its design heritage and give it a new look and feel. During the INDEX 2023 event at the Dubai World Trade Centre, Asian Paints Berger launched its all-new ‘Royale Play Artistica’ decorative coating product line in its own pavilion.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global decorative paints market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the decorative paints market, the market is segmented on the basis of product type (water-based paints and solvent-based paints), formulation (emulsion-based paints and distemper), application (interior paints and exterior paints), sales channel (online and offline), and price (premium, medium, and economical) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Key Segments Covered in Decorative Paints Market Report

By Product Type:

  • Water-based Paints
  • Solvent-based Paints

By Formulation:

  • Emulsion-based Paints
  • Distemper

By Application:

  • Interior Paints
  • Exterior Paints

By Sales Channel:

  • Online
  • Offline

By Price:

  • Premium
  • Medium
  • Economical

Region:

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

Old Source: Decorative Paints Market Growing at a Phenomenal Pace Surpassing US$ 87.8 Bn by 2031 witnessing a growth of 4.3% 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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Acetone Demand Driven by Growing Use in Chemicals and Pharmaceuticals

With personal care products becoming increasingly popular, acetone sales are on the rise. The industry expects the size of the acetone industry to reach USD 6,955.1 million by 2023 and USD 13,521.8 million by 2034, and grow at a CAGR of 6.3%.

Acetone is widely used to clean damaged paint. In addition to being able to combine well with mineral oil, acetone is one of the most effective solvents for removing paint. In addition to being miscible with a wide range of compounds, including water, acetone is also a very effective solvent for a wide array of uses.

Due to its chemical miscibility, strength, and organic makeup, acetone poses relatively low risks. Chemicals such as acetone are used in a wide variety of everyday products. Acetone plays an important role in the chemical industry. In addition to removing coffee stains and permanent marker stains, acetone can also be used to remove virtually anything else that cannot be removed with water.

Due to its superior ability to remove tough stains from a wide variety of surfaces, acetone can be used to remove tough stains from a wide variety of surfaces. Despite its effectiveness at cleaning, acetone is frequently used in laboratories to clean beakers and glass containers to remove oil and other residue. As well as sterilizing razors and surgical blades, it’s used to sterilize a lot of stuff. The cleanup of paint stains on glass windows can be accomplished with acetone after a home renovation.

Browse the Complete Report!

Key Takeaways

  • Acetone with low purity grade is projected to hold 95% of the market throughout the forecast period.
  • Brazil’s increasing construction activity will increase the demand for acetone.
  • Increasing paint and coating production in the United States will boost acetone demand.
  • The increasing electronic production base in China has fueled market growth, and it is expected to grow at a CAGR of 3%.
  • As automobile industries grow, the market for acetone is expected to expand.

“The growth of the automotive industry and the demand for technological advances are expected to spur demand for acetone. Growing demand for paint and coatings is expected to drive growth in the coming years,” says an FMI analyst.

Competitive Landscape

Acetone players around the world are facing stiff competition. A cost-effective and broader product line will enable them to maintain their leading position in the highly competitive market.

The key industry players are

  • Ineas Phenol
  • Altivia Chemicals
  • Royal Dutch Shell PLC
  • Sasol Ltd
  • The Dow Chemical Company
  • Domo Chemicals GmbH
  • Formosa Chemical and Fiber Corporation
  • Gepsa Quimica
  • SABIC
  • Honeywell Research Chemicals
  • Spectrum Chemical Mfg.Corp.

Market Developments Include:

  • In April 2023, INEOS purchased the phenol manufacturing facilities of Mitsui Chemicals in Singapore for 330 million dollars. There is a cumene plant on Singapore’s Jurong Island that produces 410,000 t/y, a phenol plant that produces 310,000 t/y, an acetone plant that produces 185,000 t/y, an alpha-methylstyrene plant that produces 20,000 t/y, and a bisphenol A plant that produces 150,000 t/y. Ineos Phenol, a global company with manufacturing facilities in Belgium, Germany, and the US, says the purchase will give it a foothold in Asia. There are currently 120 people working for the company, which has been merged with Ineos Phenol.
  • In May 2023, Transport Sylvain Lasalle Inc. was acquired by Joliette, Quebec-based Trimac Transportation. A bulk pressure transportation service is offered by Transport Sylvain Lasalle in eastern Canada. A branch of the company is also located in Joliette. The company provides propane, butane, and other gas to distribution sites and end users. An announcement by the company stated that the acquisition closed on May 17. There was no information provided about the transaction. Twenty-eight tractors and thirty trailers have been brought to Trimac Transportation by Transport Sylvain Lasalle.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global acetone market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the acetone market, the market is segmented on the basis of grade, applications, end-use, and region.

Key Segments in the Acetone Market

By Grade:

  • ≥ 99.5%
  • < 99.5%

By Application:

  • Solvent
  • MMA
  • BPA
  • MIBK
  • Others

By End Use:

  • Agricultural Chemicals
  • Paints & Coatings
  • Rubber Processing
  • Polymer & Resin Processing
  • Adhesive
  • Printing Ink
  • Pharmaceuticals
  • Cosmetics & Personal Care

By Region:

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

Old Source: Global Acetone Market is Estimated to Reach a Revenue of USD 10,248.6 Million by year 2031-end, Growing at a CAGR of 4.9% During Forecast period of 2021-31. Data Analysis by 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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Rising Demand for Flame Retardants and Water Treatment Chemicals to Drive Bromine Derivative Market to USD 12,037 Million by 2034

The bromine derivative market sales valuation is USD 7,292.20 million in 2024. In 2023, the market was valued at USD 4.57 billion. The market is predicted to grow at a CAGR of 5.10% from 2024 to 2034. The valuation of the bromine derivative market is expected to reach USD 12,037.00 million by 2034.

The significance of bromine derivates in the global manufacturing scenario has been experiencing a considerable surge in recent years due to its fire safety properties in factory units. With the rapid rise in the pharmaceutical industry since the pandemic, the market for bromine derivatives, too, is expanding across the globe. Pharmaceutical companies utilize bromine-based catalysts to synthesize antiviral drugs, sedatives, anesthetics, and cardiovascular medications.

The rising demand for bromine derivatives can also be attributed to stringent government regulations regarding the safety of workers in the units. Apart from the pharma industry, the electronics industry harnesses the potential of bromine derivatives, such as TBBPA (Tetrabromobisphenol), during the production of printed circuit boards and electronic devices to prevent the fire risk caused by electric malfunctions and short circuits.

Fire retardant manufacturers form one of the largest consumer pools in the bromine derivative market. With key players investing billions of dollars in research and development activities, bromine derivatives are also used in wastewater treatment plants to decontaminate the industrial water before it is used again. Bromine derivatives are also used to manufacture pesticides in agricultural countries like India and China.

“The bromine derivative market is still nascent with concerns about sustainable production methods. Key players in the market are developing eco-friendly ways to procure and manufacture bromine to fulfill the demands of eco-conscious consumers and business owners,” – says an analyst at FMI.

Browse the Complete Report!

Key Takeaways from the Bromine Derivative Market Report

  • The bromine derivative market is expected to grow at a 3.9% CAGR from 2023 to 2033.
  • TBBPA dominates the global bromine derivative market, with an overall revenue share of 26.3%.
  • When it comes to application, the flame retardants industry captures a significant 46.3% share of the global bromine derivative market revenue.
  • China is leading the market for bromine derivatives, with an expected CAGR of 5.3% from 2023 to 2033.
  • The anticipated CAGR of markets in India is 4.80%, Germany is 4.50%, and the United Kingdom is 4.20%, respectively, over the forecast period.

Competitive Landscape

The bromine derivative landscape is dominated by numerous international players who have been around for ages and have built a loyal customer base. They mainly serve large-scale industries that prioritize fire safety.

Manufacturers are tapping markets like China and India that bear the potential in the agriculture sector, and that’s why international companies are making a big marketing push in these regions. On the other hand, smaller local businesses struggle to compete with the prices of these industry giants. The future of the bromine derivative market depends on finding sustainable ways to produce these products.

Key Companies in the Bromine Derivative Market

  • Israel Chemicals Limited
  • Albemarle Corporation
  • Tosoh Corporation
  • Tata Chemicals Limited
  • LANXESS AG
  • Sumitomo Chemical Co.Ltd
  • Perekop Bromine
  • Archean Group
  • Jordan Bromine Company
  • Gulf Resources Inc.
  • Hindustan Salts Limited

Recent Developments

  • Palmer Holland, a specialty chemical distributor in North America, has expanded its distribution agreement with LANXESS’ Polymer Additives Business, offering flame retardants from bromine derivatives.
  • JM Financial has recently partnered with Archean Chemical Industries Ltd (ACIL), one of India’s largest producers of bromine-based products, providing an opportunity for companies seeking alternatives to Chinese suppliers.

Key Segments in the Bromine Derivative Market

By Derivative:

  • Sodium Bromide
  • Calcium Bromide
  • Zinc Bromide
  • TBBPA
  • DPDPE
  • Others

By Application:

  • Flame Retardants
  • Organic Intermediates
  • Oil & Gas Drilling
  • Biocides
  • PTA Synthesis
  • Others

By End Use:

  • Chemicals
  • Pharmaceuticals and Cosmetics
  • Electronics and Consumer Goods
  • Textile
  • Medical
  • Agricultural and Pesticides
  • Automotive
  • Building and Construction
  • Water Treatment
  • Other Industrial

By Region:

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

Read Complete Source: Bromine Derivative Market Poised for Significant Growth with a 5.10% CAGR, Projected to Reach USD 12,037 Million by 2034 | 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:      

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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