2-EthylHexyl Acetate Market To Witness Decent Growth at a CAGR of 4.6% During the Forecast Period of 2022–2029

High boiling point and good solvent power of 2-ethylhexyl acetate maket it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate.

The global 2-ethylhexyl market is expected to witness decent growth at a CAGR of 4.6% during the forecast period of 2022–2029, and reach a valuation of US$ 312.2 Mn by 2029.

Key Takeaways of 2-Ethylhexyl Acetate Market Study

  • Purity ≥ 99% is observed to be most-preferred grade type in the market, owing to increasing demand for high-quality products and tightening regulatory scenario.
  • 2-ethylhexyl acetate is used as a brightener in leather processing, and as an additive in fragrance formulation. Increasing consumption of cosmetic & personal care products is estimated to drive the demand for 2-ethylhexyl acetate as a performance chemical. However, the slow growth of the leather industry can have a negative impact on the market.
  • 2-ethylhexyl acetate is also used as a solvent in printing and screen inks. The demand for 2-ethylhexyl acetate is expected to rise, owing to increased consumption of printing inks in the packaging industry.
  • Emerging economies such as India, China, and Mexico are estimated to witness lucrative growth. The positive outlook for the automotive industry and growth of the paints & coatings industry are major factors offering growth opportunities for the 2-ethylhexyl acetate market in these countries.

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“2-ethylhexyl acetate is effectively being used as an alternative to conventional solvents, which have relatively higher levels of volatile organic components (VOCs). Increasing regulations regarding VOC components will propel the demand for 2-ethylhexyl acetate in the foreseeable future.”

2-Ethylhexyl Acetate Market: Competition Analysis

The global 2-ethylhexyl acetate market is significantly consolidated, with only a few leading market participants accounting for a high market share. Adoption of integrated business models for controlling the procurement of raw material and supply chain network is one of the key strategies adopted by leading market players.

Continuous product & technological innovation and development of customized solutions are few of the key trends being observed in the market. Some of the key players identified in the 2-ethylhexyl acetate market are Chemoxy International Ltd., BASF SE, Polynt SpA, and Eastman Chemical Company, among others.

2-EthylHexyl Acetate Market Market By Category

By Purity :

  • Purity ≥ 99%
  • Purity < 99%

By Application :

  • Industrial Solvents
  • Performance Chemicals

By End Use Industry :

  • Automotive & aerospace
  • Paints & Coatings
  • Leather Industry
  • Cleaners & Paint Stripping System
  • Others

How will the market shape up?

Rapid industrialization across the globe and growing consumption of paints & coatings for both, decorative and protection purposes, will drive the demand for 2-ethylhxyl acetate as an industrial solvent. Apart from this, 2-ethylhexyl acetate is also estimated to witness rise in demand as an additive in cleaners and fragrance formulation. Shifting trend towards the adoption of water-borne coatings or high-solid coatings might hamper market growth in the foreseeable future.

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What does the report offers?

The recent market study published by Future Market Insights offers conclusive analysis on the global 2-ethylhexyl acetate market, and delivers noteworthy insights through organized market research. The report offers in-depth market analysis of historical performance from 2014 to 2021 and opportunity assessment for 2022–2029.

What Was The Impact Of COVID-19 Crisis On 2-EthylHexyl Acetate Market?

The covid-19 pandemic has had a negative impact on the global economy, causing numerous business lines to be disrupted due to decreased demand from various end-use industries, as well as restrictions. Lockdown regulations have harmed many industries, including printing inks, leather, and paints and coatings. Lower demand for the product has resulted from a decrease in consumer demand and a low manufacturing sector production rate.

All of this has had a significant impact on the supply chain network, which has had an impact on economic growth. However, the market is expected to grow at a faster rate in the forecast period due to rising consumption of 2-EthylHexyl acetate in various applications, and it is expected to continue growing in the future due to the compound’s significant use in some upcoming applications.

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Smart Elevator Automation System Market : Notable Developments & Geographical Outlook 2027

smart elevator automation system reflects the utilization of cutting edge technology to improve proper management and efficacy of traffic of the vertical movement of elevators in very tall buildings. Growing deployment of improved, high-speed destination dispatch services, as well as energy efficient resolutions for providing consumers with developed vertical transportation has led to the huge adoption of smart elevator system. This system is called as smart owing to their increasing usages for security purpose with the help of newest digital security measures such as destination dispatch and touch screens, biometrics and access control systems, apart from regular use of vertical transportation. Efficient management of automation and energy properties of the smart elevators provides them identity of highly advanced lifts than conventional lifts.

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Increasing population is resulting in the increasing heights of the buildings, every passing day. Therefore elevators are now become an essential factor in day today’s life as they enable people to rush quickly between floors of a skyscraper. It is used in daily routine, as these are installed in hospitals, offices, universities or any other skyscraper. Several developments in the elevators are leading them to become a smart elevator technology.

Factors Impacting Market Dynamics

The global market for smart elevators is estimated to increase at CAGR of double-digit throughout the assessment period (2017-2027). Increasing demand for efficient management of energy in commercial as well as public buildings is likely to propel demand for smart elevators. Several other factors that are responsible for the growth of the market are growing investment in infrastructure projects and structures, rising urbanization in developing economies and rising population across the world.

Moreover, manufacturers of this system are aiming on executing number of research and development activities to enlarge enhanced features in the elevator system to improve its customer base. Leading companies in the market are inclined towards developing more improved destination dispatch services and connectivity, which is cloud based as well as makes utilisation of IOT. Other than this, several other trends in the global smart elevation automation system market such as introduction of cutting technologies in the elevator system, launch of eco-friendly or green elevators as well as high-tech destination dispatch services, gush in the strategic business activities like joint ventures, mergers and acquisition and partnerships along with the growth of outsourcing operations.

Key Segmentations

The global smart elevator automation system has been segmented on the basis of maintenance, equipment installation, modernization and repair. Among these aforementioned, the equipment installation services segment retained its dominance in the global market for previous few years and is forecasted to maintain its position over the foreseeable period.

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Motors and Automation System, Sensors to Remain Dominant through 2027

The system comprises of various components such as biometric, card reader, security & control system, motors & automation system, sensors, touch screen & keypad. From these segments, motors & automation system, sensors were remained dominant in the year 2014 and projected to retain its dominance throughout the assessment period.

Key Players

Some of the top companies identified across the global smart elevator automation system market value chain are Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell. Key players are introducing technologically advanced sensors and automation systems that can be deployed in elevators to maximise energy efficiency and elevator travel speed.

Regional Analysis of Market

Geographically, the market has been segmented into several key region such as Western Europe, North America, Eastern Europe, APEJ, Middle East and Africa, Latin America, and Japan. Among these, the market in APEJ retained its dominance in the year 2014, procuring nearly one-third share of the global smart elevator automation system market. The APEJ is likely to be followed by Western Europe, according to the forecasts offered by the report. Moreover, the market in APEJ is estimated to exhibit highest growth rates compared to the other regions throughout the assessment period.

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Propyl Acetate Market | Present Scenario and Growth Prospects is Expected to Reach a CAGR of 6.9% During the Forecast Period of 2022-2029

Growing preference for propyl acetate over ethyl acetate in several end-use industries, especially in the printing ink industry, is expected to boost its demand in the coming years. A clear, colorless liquid that has distinguishable acetate odor of pears, and is highly flammable, propyl acetate finds application across diverse industries due to its superior solvent and fragrance properties.

According to a recent research report published by Future Market Insights, the propyl acetate market is expected to experience a CAGR of 6.9% during the forecast period of 2022-2029.

Several end-use industries prefer propyl acetate over ethyl acetate due to its cost effectiveness and excellent solvent properties. This is prompting manufacturers to lay more emphasis towards the production of propyl acetate as compared to ethyl acetate.

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Key Takeaways of Propyl Acetate Market Study

  • High purity (i.e. +99%) propyl acetate is the dominant segment, as manufacturers from several end-use industries of propyl acetate prefer high purity to ensure improved performance of end products.
  • Propyl acetate is gaining traction over conventional ethyl acetate in flexography printing, Propyl acetate, on an average, is 30% more economical in terms of solvent consumption, while reducing ink usage by an average of 20%. Retardants such as ethoxy propanol are not required for propyl formulation. This offers considerable advantages when printing food product packaging, significantly reduces scrap percentage, and improves process stability.
  • Substantial demand is anticipated for propyl acetate from the pharmaceutical industry, as it is a well-known fragrance agent for several personal care products. Propyl acetate is widely used in the fragrance, cosmetic, and personal care industry. In fragrances and personal care products, manufacturers often use n-propyl acetate as a flavoring agent. Flavor library of the Flavor Extract Manufacturers Association (FEMA) states that, it has notes of celery, floral, pear, and red fruit.

Propyl Acetate Market: Competitive Landscape

The global propyl acetate market is moderately fragmented, due to the availability of raw materials required for the manufacturing of propyl acetate, especially at the regional level, and presence of local manufacturers in domestic as well as international markets.

Key manufacturers such as Dow Chemical Company, BASF SE, OXEA GmbH, Eastman Chemical Company, and SHOWA DENKO K.K. account for around 28% of the overall market share. North America and East Asia are anticipated to account for a significant share of the global propyl acetate market, owing to significant growth in printing ink industry and increasing preference for propyl acetate over ethyl acetate.

Propyl Acetate Market Market by Category

By Purity :

  • Purity ≥ 99%
  • Purity < 99%

By Application:

  • Coating & Printing Ink
  • Chemical Intermediates
  • Food Flavorings
  • Personal Care Products
  • Others

By End Use Industry:

  • Chemical
  • Pharmaceutical
  • Food & Beverages
  • Others

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The research report analyzes the total sales of propyl acetates on the basis of volume (tons) and value (US$ Mn). The report contains a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the propyl acetate market.

Opportunities in the market are projected on the basis of factors such as printing ink industry growth, food industry outlook, pharmaceutical industry overview, and expansion in production capacity by manufacturers around the world.

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What was the Impact of COVID-19 Crisis on Propyl Acetate Market?

The covid-19 pandemic has had a negative influence on the world economy, with numerous business lines being disrupted as a result of decreased demand from various end-use industries, as well as restrictions. Many industries, including food & beverages, Paints & Coatings, and packaging, have suffered as a result of lockdown regulations. Decrease in demand from the consumers and low production rate of the manufacturing sector has resulted in lower demand for the product.

All these have significantly impacted the supply chain network impacting the economic growth. However, due to rising consumption of propyl acetate in various applications, the market is likely to rise at a quicker rate in the forecast period, and it is expected to continue growing in the future due to the compound’s substantial use in some upcoming applications.

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Propanol Market Report | Witness a Growth Rate of 3.3% Over the Forecast Period of 2022 – 2029

This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Mn in 2022, and is projected to experience steady growth during the forecast period of 2022-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline.

Key Takeaways from Global Propanol Market

  • In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
  • Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
  • Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

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 “Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

East Asia Set to Become Self-sufficient in Propanol

In the year 2014, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2014-2021, massive addition in capacity has made China a prominent producer in Asia Pacific.

In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

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A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

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2014-2021 Propanol Market Outlook Compared To 2022-2029 Forecast

Sales of propanol increased at 2.5% CAGR, between the period of 2014 and 2021, owing to moderate demand outlook from the end use sectors such as pharmaceuticals and chemical intermediate.

A decrease in the demand for n-propanol from certain end users during the pandemic crisis has impacted the overall growth of the market, although in upcoming years the growth is expected to bounce back to its original pace based on the recovery of the economic conditions. However, substantial demand for sanitizers has boosted the market for isopropyl alcohol.

The key driver of the market is the rising use of propanol in paints and resin, pharmaceuticals, personal care products, de-icers, cosmetics, inks, food, and adhesives. Most end users are shifting their focus from isopropanol to n-propanol.

Considering the new law regarding the utilisation of low volatile chemical compounds, n-propanol has capitalised on a modest increase in demand in food processing and pharmaceutical applications. An increase in the demand for sanitizer all over the globe has bolstered the growth outlook for iso-propanol.

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Soft Magnetic Composites Market Research Report Reaching a Value of US$ 80 Bn in 2029

Soft magnetic composites (SMCs) are used extensively in the automotive industry for their ferromagnetic properties. Majorly driven by this, global soft magnetic composites market is projected to exhibit a robust CAGR during the forecast period of 2022-2029, reaching a value of US$ 80 Bn in 2029. Correct SMC combination provides a technology that consumes less energy, is optimally efficient, and capable of use in extreme frequencies and temperatures.

High demand is witnessed from the automotive industry for electronic components such as motors, inductors, and other electronic machines that enhance reliability and efficiency. Moreover, the industry demands space reductions of components such as inductors that capture a lot of space. As a result, efforts to attain balance between working efficiency and smaller dimensions, have propelled the use of soft magnetic materials such as soft magnetic composites.

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Key Takeaways

  • Demand for electrical steel segment is expected to grow at a healthier rate. Its market share is anticipated to increase owing to application in different end-use industries, along with cost-effective nature of the material.
  • 5P type, though most expensive, is prominently used in the power generation industry. As the demand for this segment is increasing, SMC manufacturers are under high pressure to reduce its price.
  • The Asia Pacific region holds a prominent share of soft magnetic composites market owing to the constantly increasing presence of strong electronic and automotive sector in countries such as China, India, ASEAN Countries, and Japan.
  • East Asia is projected to be a hub for electronic industry, countries such as China, are anticipated to be at the epicenter of opportunities in the electronic industry.
  • Soft magnetic composites are increasingly gaining traction within the 3D-printing technology space.

SMC are advantageous as they offer the possibility of developing three dimensional shapes with complex geometry in extreme conditions, along with being cost effective and energy efficient. Moreover, acceptance of new technologies in automotive and consumer (electronics) goods industry such as 3D printing has paved a path of new opportunities for soft magnetic composites market.

Market Landscape Moving towards Consolidation

The soft magnetic composites market is highly consolidated owing to the prominence of handful of players with extensive R&D capabilities. Key manufacturers in the tier I such as GKN Powder Metallurgy (Melrose PLC) and Hitachi Metals Ltd. are pushing towards consolidation by opting for growth strategies such as acquisitions, joint ventures, and others.

What Does Future Hold?

In the coming years, as purchasing power of customers in developing regions grows, demand for soft magnetic composites is also anticipated to increase. Demand for cost-effective and energy-efficient materials from automotive and power generation industry is going to be the major driving force for the SMC markets. Introduction of new technologies such as 3D printing is will open an opportunity door for the SMC market.

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Soft Magnetic Composites Market By Category

By Material :

  • Iron
  • Soft ferrite
  • Electrical steel

By Type :

  • 1P
  • 2P
  • 3P

By Application :

  • Electrical Coils
  • Motors
  • Generators
  • Transformers
  • Inductors
  • Sensors
  • Others

By End Use :

  • Automotive
  • Industrial Machinery & Equipment
  • Consumer Goods
  • Power Generation
  • Others

Know More About Report Inclusions

Future Market Insights has published a market research report on the soft magnetic composites market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the Soft magnetic composites market through three different segments, namely material, type, application, end-use industry, and region.

The soft magnetic composites market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world along with a detailed overview of the parent market.

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Notebook Market Comprehensive Shares, Historical Trends And Forecast By 2027

Future Market Insights, in its upcoming report titled ‘Notebook Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’ has comprehensively assessed the global notebook market. The notebook market is expected to grow with a sluggish CAGR of 0.3% for the decadal study ending in 2027.

Region – APEJ Notebook Market to Ride the Regional Economic Boom

The APEJ region can easily be considered the global economic engine, primarily due to the massive economic growth seen in the two billion plus population behemoths, China and India. The APEJ notebook market was valued at over US$ 33 billion in 2017 and is projected to have an incremental dollar opportunity of over US$ 3.5 billion during the decade.

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Type – Mainstream Notebooks the Defacto Choice in the Notebook Market

The mainstream notebook segment is the most attractive in the global notebook market over the duration of the forecast period. Mainstream notebooks are predicted to sell in excess of 55 million units by the end of 2027, ensuring that all key stakeholders have immense opportunity in this segment. Nonetheless, key stakeholders in the notebook market are advised to not ignore the sub-notebook/ ultraportable segment as it is on track to register a high CAGR. In value terms, the ultraportable segment should expand at a CAGR of 1.4%.

Application – Target Corporate Offices over Gaming in the Global Notebook Market

Corporate offices are larger than both the Gaming and Others application combined in the global network market and are anticipated to remain so for the foreseeable future. Corporate Offices have a market attractiveness index of 5 and major players in the notebook market would do well to take this into consideration while devising their business strategies.

Price Range – Close Call Between Below US $500 and US $501 – $1000 in Notebook Market

Lower cost notebooks predominate in the global notebook market and the difference in size between the Below US $500 and $501-1000 segments is minimal. However, the latter is estimated to nudge past the former by the end of the ten-year study and have a value of approx. US$ 31 billion by end 2027.

Competition Dashboard of the Global Notebook Market

The companies profiled in the notebook market report include Hewlett-Packard, Samsung Electronics, Dell, Acer, Lenovo Group, Apple Inc., Micromax Informatics, Microsoft Corporation, Sony Corporation, Asus Tek Computer, Micro Star International, Toshiba Corporation, Gateway Inc., Fujitsu Computer System, LG Electronics, Megatron, Smartron, and Razor Blade.

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Key Insights of the Notebook Market

Notebook providers could prioritize emerging markets in the APEJ and MEA region that are poised to experience rapid growth in the medium term. Advanced economies are expected to record growth rates of less than 2% according to an analysis by the World Bank. In addition, the demand for sub-notebooks is increasing on account of numerous features such as advanced cooling, wide-angled displays, wireless charging, and digital writing touchpads. Incumbents as well as new entrants in the notebook market should innovate with laser-like focus to drive growth in the global notebook market. Augmented Reality and Virtual Reality have massive potential and could be the next-gen computing platforms. Notebooks with AR/VR capability built-in could become commonplace in business and commercial applications such as video games, product demos, and watching events. These technological leaps might change the computing experience immeasurably and offer limitless opportunities for notebook manufacturers, provided they are tapped.

Notebook Market Taxonomy

Type

  • Desktop Replacement Notebook
  • Mainstream Notebook
  • Standard Portable Notebook
  • Sub-Notebook

Application

  • Corporate offices
  • Gaming
  • Others

Price Range

  • Below US$ 500
  • US$ 501- US$ 1000
  • US$ 1001 – 1500
  • More than US$ 1500

Region

  • North America
  • Latin America
  • APEJ
  • Japan
  • MEA
  • Western Europe
  • Eastern Europe

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Synthetic Quartz Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2029

The global market value of synthetic quartz is nearly US$ 99 Mn, and the electronics industry accounts for more than 3/4th of total sales. As suggested by a new Future Market Insights (FMI) study, the global synthetic quartz market is set for notable growth during 2022 – 2029.

The electronics industry solely relies on components such as semiconductors, optical fibers, and solar cells. These electronic components utilize synthetic quartz crystal due to its important intrinsic properties. Technological developments are driving the need for high-performance electronic equipment, and have subsequently propelled the sales of synthetic quartz.

Key Takeaways – Synthetic Quartz Market Report

  • Synthetic quartz crystal is expected to grow at a higher rate, increasing its market share on account of growing use in end-use industries during the forecast period.
  • The semiconductor industry places the most stringent requirements on quartz purity, creating positive impact on demand for synthetic quartz.
  • East Asia holds a prominent share of the synthetic quartz market due to presence of strong electronics and automotive sectors in countries such as China, South Korea, and Japan. China is one of a major producers and exporters of electronics. Moreover, it has good production to sales ratio (appx. 98%) for electronics. South Korea has a significant share in the global automotive sector.
  • Synthetic quartz and competitive products are gaining more attention from EUV lithography market players.
  • Developing countries have witnessed growth in per capita income, especially in rural areas. Ease of buying electronic appliances has driven the growth of synthetic quartz components in developing countries.

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Rising adoption of new technologies in electronics & communication and rapid evolution of automotive industry is expected to fuel the growth of global synthetic quartz market.

Market Landscape Moving towards Consolidation

The synthetic quartz market is highly technology-driven and is dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the global synthetic quartz market, Kyocera, Murata Manufacturing, Hereaus (Shin-Etsu), Asahi Glass Company, and others are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.

Synthetic Quartz Market By Category

By Product Type :

  • Synthetic Quartz Crystal
  • Synthetic Quartz Glass

By End Use :

  • Electronics & Electrical
  • Automotive
  • Military
  • Medical
  • Construction
  • Others

What Does Future Hold?

Increasing purchasing power of customers from developing regions and ease of purchasing electronic appliances is expected to drive the growth of the synthetic quartz market. Moreover, on account of increasing use of synthetic quartz in optical communication, recent developments and growth in optical industry, the synthetic quartz market is projected to witness robust growth during the forecast period.

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Interested in Learning More About Report Inclusions?

Future Market Insights has published a market research report on the synthetic quartz market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the synthetic quartz market through three different segments- product type, end-use industry, and region.

The synthetic quartz market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

What Was The Impact Of COVID-19 Crisis On Synthetic Quartz Business?

Due to logistical constraints posed by Covid standards and regulations, the Covid-19 pandemic has impacted nearly every industry. The market of synthetic quartz has been negatively impacted by the rapid spread of the virus. COVID-19 pandemic has disrupted synthetic quartz supply chains in major users and producers such as, China, the United States, India, and Europe.

Major synthetic quartz end consumers are also among the worst-affected sectors, increasing the synthetic quartz industry’s impact. However, the market is expected to grow during the forecast period as a result of its applications in various segments, which are expected to boost the market.

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CRM Application Software Market Key Players, End User, Demand and Consumption by 2022

According to the assessment of Future Market Insights, the global CRM application software market is forecasted to reach a figure of about US$ 62,200 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.

Customer relationship management application software includes applications for sales automation, automation of marketing and customer service and support management like email automation. There are different types of customer relationship management applications available through cloud delivery like social media management, activity and participant management and customer experience management. CRM application software are being increasingly used by the enterprises to increase their sales by retaining their customers and netting new customers. Customer relationship management software helps companies to identify their most valuable customers and make a customer rewards systems and personalized communication with them in order to get increased customer engagement and conversions.

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Customer relationship management application software are also used to increase the efficiency of the sales processes and to minimize the costs of sales. It also helps in servicing the customer in a faster and a more efficient manner, giving personalized attention to the most valued customers. In addition, a customer relationship management application software helps enterprises to make swift tactical decisions pertaining to established and emerging market trends.

4 Forecast Highlights on Global CRM Application Software Market

  • As per the forecast of Future Market Insights, the on-premise segment is slated to touch a value of nearly US$ 27,450 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The on-premise segment is estimated to account for more than half of the revenue share of the deployment segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
  • As per the forecast of Future Market Insights, the retail segment will reach a value of nearly US$ 6,840 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The retail segment is forecasted to account for more than one-fifth of the total revenue share of the vertical segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
  • As per the forecast of Future Market Insights, the marketing automation segment is slated to reach a value of about US$ 14,100 Mn in 2022. The marketing automation segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the marketing automation segment.
  • Future Market Insights forecasts the mainframe segment to exhibit a compound annual growth rate (CAGR) of nearly 10.0% from 2017 to 2022.

Competitive Landscape

The report has also included the profiles of some of the leading companies in the CRM application software market like IBM Corporation, Oracle Corp, Sas Institute Inc., Salesforce.com, Inc., Adobe Systems, Inc., Amdocs Ltd., Microsoft Corp., Genesys Telecommunications Laboratories Inc., SAP SE and Nice Systems Inc.

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Market Taxonomy

Deployment

  • Cloud
  • On-Premise

Vertical

  • BFSI
  • Retail
  • IT & Telecommunication
  • Healthcare
  • Discrete Manufacturing
  • Government
  • Education
  • Others

Application

  • Marketing Automation
  • Sales Automation
  • Customer Service & Support
  • Contact Centre

Operating Environment

  • Mainframe
  • Unix
  • Linux
  • Windows 32 and 64
  • Other Operating Environment

Region

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

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Vapour Barrier Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2029

Sales of vapour barriers are projected to witness steady rise in the following years, prominently propelled by sustained consumption by the building & construction industry. As suggested by a new Future Market Insights (FMI) report, global vapour barrier market will exhibit a CAGR of around 4% during the forecast period of 2022-2029.

Water condensation can damage the sturdiest of constructions, which is why vapour barriers hold significant importance, as they offer complete insulation from vapour and moisture to building structures. Use of vapour barriers also allows for optimum efficiency of a space conditioning system, thereby fueling their demand across the construction industry.

Heavy usage of vapour barriers in commercial and residential buildings to prevent moisture damage to infrastructure is anticipated to be the primary growth driver. However, increasing utilization of vapour barriers in the packaging industry to prevent moisture damage and interstitial condensation in packed goods opens new growth avenues for industry players.

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Key Takeaways – Vapour Barrier Market Study

  • Over the period of projection, building infrastructure, whether private/public or commercial/residential, will be based on green building concepts to strike a fine balance of environmental sustainability and modern amenities. As a result, the demand for vapour barriers is projected to significantly spur over the forecast period.
  • Polymer materials segment to retain its spot as a prominently preferred material followed by asphalt & bitumen, whereas drywall board lumber and gypsum board projected to observe growth at a swift pace in the market.
  • Membrane type vapour barriers are expected to register a dominating share due to their easy installation. However, the popularity of the coating segment is increasing across the globe in recent years due to its enhanced moisture resistance.
  • To meet stringent manufacturing rules and regulations, manufacturers are trying to increase the use of materials with high recyclability and decent biodegradability index. Also, due to new norms for VOC emissions, many manufacturers are looking to revamp their manufacturing process in order to minimize these emissions.

How is Vapour Barrier Market Structure Defined?

The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.

More About What the Report Covers

Future Market Insights (FMI), published a thorough research analysis in its report for global vapour barrier market, offering information regarding historical developments from 2014-2021 and forecast projections and opportunity assessments on the basis of analysis for future scope and ongoing tends in the global market.

The research study offers opportunity roadmap and market projections across the globe based on various categories such as material (glass, sheet metal, polymer, asphalt & bitumen, gypsum board, drywall/board lumber, plywood, concrete/brick), type (membranes, coatings, cementitious water proofing, and stacking & filling), site (external, internal), application (corrosion resistance, insulation, air insulation, sound insulation, thermal insulation, water proofing, material packaging & stacking, microbial & fungal resistance), end use (construction, packaging, automotive), and region (North America, Latin America, Europe, MEA, South Asia, East Asia, and Oceania).

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Alternative Usage Of Vapour Barrier Compounds In Various Industrial Applications

In accordance with the  trend of sustainability, manufacturers are focusing on the utilization and up gradation of manufacturing techniques to enable the manufacture of environment-friendly insulating materials. As a result, the business for natural and eco-friendly insulation materials is expected to remain highly attractive over the coming years.

Cellulose based insulation materials are now being commonly manufactured utilizing recycled newsprint, certain forms of waste papers, and from cardboard. These materials have high recycled efficiency. Furthermore, key players have been developing environment friendly innovative solution of spray foam insulation that can also reduce carbon emission. These spray foam insulation are being manufactured from non-HCFC gas.

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Tissue Engineered Skin Substitute Market is projected for a robust 9.6% CAGR during 2022 – 2029

[248 Pages Report] Rapid expansion of wound management space has argued well for the growth in demand for tissue engineered skin substitutes. The global tissue engineered skin substitute market is projected for a robust 9.6% CAGR during 2022 – 2029, predominantly driven by high applicability in diabetic foot ulcers and other chronic wounds.

With advent of tissue engineering and improved ability to combine advanced manufacturing technologies with biomaterials and cell culture systems, more biomimetic tissue constructs have been emerged. Technological advancements are leading to production of advanced tissue engineered skin substitutes. 3D bioprinting and biotextile are emerging as popular biofabrication strategies for creating bioengineered skin substitutes. A team of researchers in the U.S. recently discovered a technology for complete 3D printing of the living skin along with blood vessels. Emergence of such revolutionary fabrication technologies will create a massive opportunity in the global market.

Despite breakthrough innovations assisting the growth of market, certain limitations are still there. The inability of tissue engineered skin substitutes to produce skin appendages such as hair follicles, sebaceous glands, and nails continues to remain among the most concerning challenges facing R&D teams

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Key Takeaways – Tissue Engineered Skin Substitute Market Study

  • With increasing researches in tissue engineering, the demand for   biologic skin substitute is expected to increase in the forecast period. For instance, a team of engineers at the California Institute of Technology (Caltech) and ETH Zurich have developed an artificial skin made from pectin, a naturally occurring long-chain molecule present in plant cell walls allowing the construction of natural and new dermis.
  • Increasing prevalence of diabetes and chronic wounds is boosting the demand for tissue engineered skin substitutes.
  • The demand for tissue engineered skin substitutes in emerging economies such as China and India is expected to increase owing to increasing incidence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers.

tissue engineered skin substitute market

Leading Manufacturers Setting the Pace for Product Innovations

The tissue engineered skin substitute market is a consolidated market. The tier 1 companies in the tissue engineered skin substitute market such as Allergan Plc., Mimedex Group Inc., Integra LifeSciences Corp. and Integra LifeSciences Corp. are expected to hold more than half of the total revenue generated by tissue engineered skin substitutes. The key players in the market are reshaping their current product portfolio by focusing on the introduction of new and advanced technologies and innovating new products.

Seeking More Insights?

Tissue engineered skin substitute market, a new study from Future Market Insights, opines on the evolution of tissue engineered substitute market from 2014 – 2021 and presents demand projections from 2022 – 2029 on the basis of; product (acellular skin substitute, biologic skin substitute, cellular skin substitute and synthetic substitute), material (synthetic and natural), application (chronic wound, acute wound and other applications such as breast reconstruction etc.) and end user (hospital, specialty clinics, ambulatory surgical centres and research laboratories) across seven prominent regions.

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Tissue Engineered Skin Substitute Market by Category By Product:

  • Acellular Skin Substitutes
    • Acellular skin substitutes based on Amniotic Membrane
    • Other Acellular skin substitutes
  • Biologic Skin Substitute
    • Allograft
    • Xenograft
  • Cellular Skin Substitutes
    • Cellular skin substitute based on amniotic membrane
    • Other cellular skin substitutes
  • Synthetic Skin Substitutes

By Material:

  • Synthetic
  • Natural

By Application:

  • Chronic Wounds
    • Venous leg Ulcers
    • Diabetic Foot Ulcer
    • Pressure Ulcers
  • Acute Wounds
    • Traumatic Wounds
    • Burn Cases
  • Other Applications

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By End User:

  • Hospital
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Research Laboratory

By Region:

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