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The fundamental factor boosting the Surface disinfectants sales is the increasing occurrences of infections around the world. Direction from International associations such as the Center for Disease Control and Prevention (CDCP), World Health Organization (WHO), and International Federation of Infection Control (IFIC) often encourage disinfection to contain the spread of viruses, which will bode well for the market.

High level disinfectants, preferably in liquid form have emerged as top-selling products in the market, which hospitals will continue as the leading end user. The demand from hospitals segment is forecast to surge at above 6.4% CAGR.

Hospitals are receiving an increasing footfall of patients, besides which focus on ensuring improved patient care and a safe environment for patients as well as healthcare providers is fuelling disinfectant demand. Besides this, the aim at preventing the risk of hospital acquired infections will continue creating sales opportunities.

Key Takeaways from Surface Disinfectants Market Study

• Surface disinfectants market will register growth at 8.8% CAGR. Sales are expected to surge amid COVID-19 outbreak
• The U.S. will spearhead growth in North America, accounting for maximum sales of surface disinfectants. Increasing healthcare spending will seal the dominance of the U.S.
• Presence of a sophisticated healthcare infrastructure catapults the U.K. as a lucrative market for surface disinfectants
• Germany and France will continue exhibiting high demand, thanks to increasing focus on health and wellness
• Post COVID-19, sales will rise at a remarkable pace in China, Japan, and South Korea

“Rise in prevalence of hospital acquired infections (HAIs), recent COVID-19 outbreak and growing healthcare spending, will continue driving sales,” said a lead analyst at Future Market Insights.

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Who is Winning?To sustain the market, manufacturers are working towards development of innovative products that are not only suitable and required for surgeries in hospital but also for increasing the hygiene level of patients. This is because, when the patient is safe and away from HAIs he will be more co-operative throughout the procedure.

• For an instance, in 2021, P&G launched Microban 24, the new disinfectant brand in the UK, the product range offers unrivalled protection against bacteria in homes, not only initially killing 99.9% of bacteria and select viruses, including COVID-19 virus and flu virus, but continuing to kill bacteria for up to 24 hours, even after multiple touches.
• In 2020, Solvay launched two new products Actizone™ and Amni® Virus-Bac OFF at the forefront of innovation, which will eliminate and keep bacteria and viruses away from many surfaces and avoid cross-contamination.

Valuable Insights into Surface Disinfectants MarketFuture Market Insights, in its new report, offers an unbiased analysis of the global surface disinfectants market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the aerosol packaging market on the basis of product type (high-level disinfectants, low level disinfectants, and intermediate level disinfectants), material (aluminum, tin plated steel, plastic, and glass), form (liquid, gel & lotions, wipes, and sprays & foams ) and end user (hospitals, dental clinics, ambulatory surgical centers, diagnostic laboratories, reference laboratories, rehabilitation centers, long term care centers, critical care centers, pharmaceutical & biotechnology companies, and academics and research institutes) across seven regions.

Surface Disinfectants Market by CategoryBy Product Type

• High-level Disinfectants
  • Glutaraldehyde
  • Formaldehyde
  • Ortho-phthalaldehyde (OPA)
  • Hydrogen Peroxide
  • Peracetic Acid
  • Chlorine Dioxide
  • Alcohol +QAC
  • Others
• Low Level Disinfectants
  • Phenols
  • Quaternary Ammonium Compounds (QACS)
  • Hydrogen peroxide + peracetic acid
  • Bleach
  • Others
• Intermediate Level Disinfectants
  • Iodophors
  • Sodium Hypochlorite
  • Others

By Form

• Liquid Surface Disinfectants
• Gel & Lotions Surface Disinfectants
• Wipes Surface Disinfectants
• Spray & Foams Surface Disinfectants

By End User

• Hospitals
• Dental Dental Clinics
• Ambulatory Surgical Centers
• Diagnostic Laboratories
• Reference Laboratories
• Rehabilitation Centers
• Long Term Care Centers
• Critical Care Centers
• Pharmaceutical & Biotechnology Companies
• Academics and Research Institutes

By Region

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

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Ferrovanadium is an alloy used to strengthen steel. It is a combination of iron and vanadium in which vanadium content varies from 35%-80%. It is used as an additive to enhance the quality of ferroalloys. When added to steel, the products are light in weight with extremely high tensile strength. The market for ferrovanadium is primarily driven by increasing demand for high strength steel and high strength low alloy steel from the construction and automotive and transportation industries. The growth of these industries will be the key contributor responsible for the growth of the market of ferrovanadium during the forecast period. As these industries are most prominent industries consuming majority of the steel consumption across the globe.

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In terms of market value, China is expected to dominate the global ferrovanadium market during the forecast period. The Chinese ferrovanadium market is anticipated to witness additional demand for ferrovanadium in the coming years, mainly due the revised standards by the Chinese government for increasing the tensile strength of rebar products. The new rebar have high earthquake resistance, which will create higher demand for ferrovanadium for the manufacturing of steel as increasing the quantity of ferrovanadium in the production mix results in improved tensile strength.

Western Europe is expected to be the second largest market for ferrovanadium and accounted for a revenue share of around 17.2% in the global ferrovanadium market value in 2021. This regional market is slated to expand at a CAGR of around 4.3% between 2022 and 2028.

On the basis of grade, the FeV80 grade segment is projected to dominate the global ferrovanadium market throughout the forecast period. Due to increasing adoption of FeV80 in the production of light weight and high strength steel products, this segment is expected to be the fastest growing segment in terms of product type in the global ferrovanadium market during the forecast period. In terms of market value, the FeV80 segment is expected to expand at a CAGR of 5.1% between 2022 and 2028.

Names of some of the market participants involved in the production of Ferrovanadium are EVRAZ, AMG Advanced Metallurgical Group, Bear Metallurgical Company, TREIBACHER INDUSTRIE AG, Reade International Corp., Masterloy Products Company, Hickman Williams & Company, JINZHOU GUANGDA FERROALLOY CO., LTD, TAIYO KOKO Co., Ltd., Woojin Ind. Co., Ltd., JAYESH GROUP, Pangang Group Vanadium Titanium & Resources Co., Ltd., and NTPF Etalon Co., Ltd. The players in the global ferrovanadium market are mostly performing self-integrated operations.

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Either they are vanadium manufacturers and are providing ferrovanadium or they are manufacturers of ferrovanadium as well as steel. This kind of self-integrated operations is creating raw material security and hence players are focussed on expansion of their market share using these capabilities.

Ferrovanadium Market By Category

By Grade

• FeV 40
• FeV 50
• Fev 60
• FeV 80
• Nitrided Ferro Vanadium

By Production Method

• Aluminothermic Reduction
• Silicon Reduction

By End Use

• Aerospace

• Automotive & Transport
• Construction
• Oil & gas
• Industrial Equipment
• Others

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• India
• Japan
• SEA & Other APAC
• Middle East & Africa

Key Questions Answered in the Report

What is the current size of global Ferrovanadiummarket?
What is the cosnumption outlook for Ferrovanadiummarket?
Which application segment is expected to contribute major growth share to the Ferrovanadium Market in 2022?
Who are the top players in the Ferrovanadiummarket and what is their total share?
What is the market outlook of Ferrovanadiumin China?

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Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Ferro Vanadium Market Background

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.3. Global Economic Outlook

3.4. Vanadium Market Outlook

3.5. Market Dynamics

3.5.1. Drivers

3.5.2. Restraints

3.5.3. Trends

3.6. Porter’s Five Forces Analysis

3.7. Value Chain Analysis

3.8. Opportunity Assessment Factors – Relevance & Impact

4. Global Ferro Vanadium Market Analysis 2013–2021 and Opportunity Assessment 2022–2028

4.1. Market Volume Projections

4.2. Pricing Analysis

4.3. Market Size Projections

4.3.1. Y-o-Y Projections

4.3.2. Absolute $ Opportunity Analysis

5. Global Ferro Vanadium Market Analysis 2013–2021 and Opportunity Assessment 2022–2028, By Grade

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

Future Market Insights
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Website: https://www.futuremarketinsights.com

As per FMI’s analysis, oncology and aesthetics treatment are expected to emerge as key growth engines, followed by ophthalmology applications. Furthermore, preference for low level laser therapy (LLLT) is expected to increase, prompting key manufacturers to introduce a slew of innovative laser therapy devices solutions in the long-run. In 2019, the US Food & Drug Administration approved the Erchonia FX 635, a LLLT device to address whole-body pain, reducing the incidence by nearly 50%.

According to the Cancer Atlas, there were an estimated 18.1 million active cases, with over 9 million cancer deaths in 2018. Additionally, nearly 44 million individuals persons living with cancer that same year who were diagnosed within the previous’ five years. It is projected that this burden is expected to rise by over 60% by 2040. Hence, credible progress is expected to be made in this regard.

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Key Takeaways from FMI’s Laser Therapy Devices Market Study

• By device type, gas laser therapy devices to account for more than a quarter of the revenue share through 2021
• A fifth of the total laser therapy devices revenue is accounted for by hospitals, specialty clinics to generate over half of the total share
• Ophthalmology treatment is likely to account for the bulk of the revenue share in the laser therapy devices market
• US and UK to experience high sales amid surging popularity of low-level laser therapy (LLLT)
• High prevalence rates of dermatological disorders to fuel laser therapy device sales across Germany
• Robust healthcare research funding and a flourishing aesthetics industry to pivot French laser therapy devices market growth
• High plastic surgery rates to heighten China’s share in the laser therapy devices market

“Prominent laser therapy devices manufacturers are introducing portable handheld devices in order to enhance the comfort factor for surgeons while administering the appropriate treatment, improving patient outcomes and success rates,” says the FMI analyst.

Competitive Landscape

Boston Scientific Corporation, IPG Photonics Corporation, Lumenis Ltd., Coherent Inc., Biolitec AG, Hologic Inc., Alma Lasers Ltd., Fotona D.D, Danaher Corporation and Thermo Fisher Scientific Inc. are some prominent laser therapy devices manufacturers as profiled by FMI’s report. New product launches, capacity expansion initiatives and securing regulatory approvals for specific techniques are some key growth strategies.

In 2018, Hologic Inc. received a medical device license issued by Health Canada to market Cynosure’s advanced non-invasive body contouring product called SculpSure^®, a laser treatment device for treating back, inner and outer thighs, and submental area under the chin. This approach destroys fat cells by raising body fat temperature.

Recently, in April 2021, Alma Lasers Ltd. launched the Alma PrimeX^TM platform, a non-invasive approach for body contouring and skin tightening in the abdomen, waist, thighs and buttock areas. It deploys a combination of ultrasound and radiofrequency technologies.

More Insights on the Global Laser Therapy Devices MarketIn its latest report, FMI offers an unbiased analysis of the global laser therapy devices market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of device type (solid-state laser, gas laser, liquid laser and semiconductor laser), end-user (hospitals, ambulatory surgical centers, specialized clinics and other end-users), application (ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular and others) and region (North America, Latin America, Europe, Japan, APEJ and Middle East & Africa).

Key Segments CoveredDevice Type 

• Solid-State Laser
• Gas Laser
• Liquid Laser
• Semiconductor Laser

End-User

• Hospitals
• Specialized Clinics
• Ambulatory Surgical Centers
• Other End-Users

Application

• Ophthalmology
• Dermatology
• Gynecology
• Urology
• Cardiovascular
• Others

Region

• North America (US and Canada)
• Latin America (Brazil, Mexico, Argentina and Rest of LATAM)
• Europe (Germany, UK, France, Spain, Italy, Nordics and Rest of Europe)
• Japan
• APEJ (China, India, Malaysia, Thailand, Singapore, Australia and Rest of APEJ)
• Middle East & Africa (GCC, South Africa, Nigeria, Israel and Rest of MEA)

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As per FMI’s analysis, the market is expected to register double-digit growth, experiencing an impressive CAGR throughout the forecast period. Historically, the market posted credible gains, surpassing US$ 6 billion in 2020, expanding at a CAGR of over 14%. Growth prospects were further heightened during the COVID-19 pandemic, as the scramble for new treatment approaches is prompting pharmaceutical companies to initiate clinical trials for the same.

Prominent pharmaceutical companies are forging long-term partnerships and service agreements with contract research organizations and business processing outsourcing units to enhance existing pharmacovigilance operations by virtue of cost reduction from drug delivery to post-marketing approvals. In April 2021, Thermo Fisher Scientific Inc. announced its plans to acquire Pharmaceutical Product Development (PPD) Inc. for a purchase price of US$ 17.4 billion, which will help enhance the latter’s pharmacovigilance portfolio expansion.

Key Takeaways from FMI’s Pharmacovigilance Market Study

• By phase of drug development, stage IV clinical trials pharmacovigilance solutions account for over 3 out of 4 applications
• Based on method type, targeted spontaneous reporting to make maximum use of pharmacovigilance solutions
• By service provider type, contract outsourcing to generate almost two out of five pharmacovigilance solutions uptake
• US experiencing robust pharmacovigilance solutions providers presence amid prevalence of good PV practices
• Forthcoming clinical trials for numerous drug candidates through 2021 to widen UK’s growth prospects
• India to emerge as an emerging pharmacovigilance hub amid growing trends of medical operations outsourcing
• China to experience growth on the back of recent amendments to render pharmacovigilance implementation stronger

“Rising prevalence of chronic and infectious ailments is prompting multiple pharmaceutical giants to initiate widespread clinical trials for potential drug molecules, generating a highly competitive environment and generating major revenue pools,” says the FMI analyst.

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Competitive LandscapeProminent pharmacovigilance solutions providers are relying on collaborating with prominent biopharmaceutical and pharmaceutical companies to offer their digital solutions to facilitate effective patient care solutions. Also, offering advanced solutions is another prominent strategy. Some prominent faces include F. Hoffmann- La Roche, GlaxoSmithKline Plc., Covance Inc., ICON Plc. and iGATE Corporation among others.

Covance Inc. is a prominent pharmacovigilance solutions providing, offering end-to-end PV services spanning clinical and post-marketing phases from medical contract centers to ICSRs to medical reviews to electronic regulatory submissions. The system helps track weekly, daily and monthly metrics for quality, productivity and efficiency.

In April 2020, ICON Plc. initiated efforts to enhance pharmacovigilance practices, considering the onset of COVID-19. A webinar conducted on this issue by the company called for key pharmaceutical companies to automate their workflows by installing proactive and dedicated intelligence processes, forging detailed business and continuity plans and a virtually globally distributed footprint.

More Insights on the Global Pharmacovigilance MarketIn its latest report, FMI offers an unbiased analysis of the global pharmacovigilance market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of phase of drug development (preclinical studies, phase I, phase II, phase III and phase IV), type of methods (spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort event monitoring and EHR mining), service type provider (in-house pharmacovigilance and contract outsourcing) and region (North America, Latin America, Europe, Asia-Pacific and Middle East & Africa).

Pharmacovigilance Market – Key Segments CoveredPhase of Drug Development

• Preclinical Studies
• Phase I
• Phase II
• Phase III
• Phase IV

Type of Methods

• Spontaneous Reporting
• Intensified ADR Reporting
• Targeted Spontaneous Reporting
• Cohort Event Monitoring
• EHR Mining

Service Type Provider

• In-house Pharmacovigilance
• Contract Outsourcing

Geography

• North America (US and Canada)
• Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe)
• Asia-Pacific (China, India, ASEAN, Japan and Rest of APAC)
• Latin America (Brazil, Mexico and Rest of LATAM)
• Middle East & Africa (GCC, South Africa and Rest of MEA)

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The estimated value of the global natural cinnamic aldehyde market in 2018 is expected to be US$ 927.6 Mn and the market is projected to reach US$ 1,327.4 Mn by the end of 2028.

Base Year Market Size (2021A)	US$ 1,023.3 Mn
Estimated Year Market Size (2022E)	US$ 1,059.8 Mn
Projected Year Market Size (2028F)	US$ 1,327.4 Mn
Value CAGR (2022-2028)	3.8%
Collective Market Value Share: Top 3 Countries (2022E)	41.8%

Global Natural Cinnamic Aldehyde Market: Dynamics

The global natural cinnamic aldehyde market is estimated to be driven by growing demand from the rapidly growing food & beverages and perfume industries. Also, progress pertaining to increase in demand for food additives among customers is expected to result in demand rise in the natural cinnamic aldehyde market.

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Major players involved in the natural cinnamic aldehyde market are channelizing efforts to inculcate advanced process developments and strengthen their production infrastructure to make the available products more pure. This will encourage sales volume growth of natural cinnamic aldehyde across regions.

Moreover, emphasis on mergers and acquisitions in the perfume and food & beverages industries is also expected to gain momentum during the forecast period, thereby further pushing revenue growth of the global natural cinnamic aldehyde market.

People across the world are becoming more heath conscious and choosing healthy diets to maintain their healthy lifestyle. Cinnamic aldehyde has powerful medicinal properties — it has anti-inflammatory properties, it lowers the blood sugar levels and helps in treating neurodegenerative diseases. Various research publications and strategically sponsored advertisements by prominent market players and institutions have immensely influenced people to include cinnamic aldehyde in their diet.

The global fragrances market was worth US$ 48 Bn in 2016. Many luxury brands have expanded into fragrances as entry points for customers. Fragrances are often more affordable than luxury goods, such as bags or shoes, allowing these brands to tap into middle- and lower-income consumer segments. Almost, in all perfume production facilities, cinnamic aldehyde is utilised for its sweet and natural scent.

Global Natural Cinnamic Aldehyde Market: Forecast

On the basis of application, the flavouring agent segment is expected to witness highest growth in terms of volume during the forecast period. As per the forecast, the flavouring agent segment is estimated to account for more than 3.9% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of natural cinnamic aldehyde in various food products.

On the basis of region, North America is anticipated to dominate the global natural cinnamic aldehyde market throughout the forecast period. The region’s market is expected to expand at a CAGR of around 3.8% during the forecast period.

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SEA & Pacific region is anticipated to display relatively higher CAGR during forecast period in the global natural cinnamic aldehyde market. These two regions along with Western Europe are expected to register attractive growth rates in the global natural cinnamic aldehyde market during the forecast period.

Global Natural Cinnamic Aldehyde Market: Competitive Landscape

Some of the players reported in this study on the global Natural Cinnamic Aldehyde market are Robertet SA, WEN International Inc., Fleurchem, Inc., Sunaux International, Graham Chemical Corporation, Indukern F&F, Aurochemicals, Elan Chemical Company Inc., ERNESTO VENTOS SA and Finoric LLC, among others. Industry players, over the recent past, have been channelizing efforts to embrace advanced technology to optimise their performance.

Manufacturers have been focussing on strategic acquisitions to rapidly strengthen their business. These factors are expected to positively impact the global Natural Cinnamic Aldehyde market in the near future.

Natural Cinnamic Aldehyde Market by Category

By Application:

• Flavoring agent
• Perfume Additive
• Antimicrobial agent
• Others

By End Use:

• Food & beverages
  • Bakery & Confectionery
  • Dairy & frozen food
  • Others
• Home & personal care
• Perfumes
• Agrochemicals
• Metal & mining
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• India
• Japan
• Middle East & Africa

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Key Questions Answered in the Report

What is the current size of global Natural Cinnamic Aldehyde market?
What is the consumption outlook for Natural Cinnamic Aldehyde market?
Which end use industry is expected to contribute major growth share to the Natural Cinnamic Aldehyde Market in 2022?
Who are the top players in the Natural Cinnamic Aldehyde market and what is their total share?
What is the market outlook of Natural Cinnamic Aldehyde in China?

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

Future Market Insights
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Jumeirah Lakes Towers, Dubai,
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Website: https://www.futuremarketinsights.com

According to FMI’s report, the market posted significant gains in the past, with Bluetooth smart insulin pens generating over 30% of the revenue share in 2017. Also, according to the International Diabetes Federation, presently, just under half a billion people are living with diabetes worldwide, and their number is projected to increase by 25% in 2030, and 51% by 2045 respectively.

Manufacturers, therefore, are leveraging these trends to introduce novel and innovative product lines, enabling them to secure a firm footing in the market. In November 2020, for instance, Medtronic launched its InPen^TM smart insulin device equipped with real-time Guardian^TM Connect CGM Data- the first smart insulin pen for diabetics on multiple daily injections. Recently, in April 2021, BioCorp and Roche Diabetes Care launched the Mallya smart insulin pen device in France.

Key Takeaways from FMI’s Smart Insulin Pens Market Report

• By connectivity, Bluetooth connected smart insulin pens to account for over half of the revenue share by 2031
• By indication, type 2 diabetes treatment to account for the bulk of smart insulin pens deployment
• Retail pharmacies were the primary distribution channels for smart insulin pens, e-commerce sales spiking rapidly
• US to experience credible growth amid increasing approval rates for new diabetes management devices
• Growing preference for needle-free insulin injections to widen adoption across the UK
• Germany & France to experience increased collaborations between key manufacturers in the long-run
• Large concentration of regional level manufacturers to pivot growth across India and China

“Diabetic patients are tilting towards minimally-invasive or non-invasive treatment alternatives with a view to reduce trauma during subcutaneous insulin administration, a trend which is majorly influencing smart insulin pens adoption,” remarks the FMI analyst.  

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Competitive LandscapeMajor insulin pens manufacturers are effectively leveraging major expansion strategies, ranging from new product launches and R&D to collaborating with existing manufacturers or outright/partial acquisition of key market players. A major emphasis is being laid on incorporating virtual technological advancements to enhance diabetes management.

In February 2021, Novo Nordisk and the University of Toronto announced a CAD 40 million investment deal to establish the Novo Nordisk Network for Healthy Populations. This network will focus on new approaches to address diabetes and aid in chronic disease prevention. This will likely help broaden smart insulin pens development.

Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter and synchronization of data on the Cloud for use with mobile devices.

More Insights on the Global Smart Insulin Pens MarketIn its latest report, FMI offers an unbiased analysis of the global smart insulin pens market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of indication (diabetes type I and diabetes type II), connectivity (Bluetooth connected and USB connected) and distribution channel (clinics & ambulatory surgical centers, e-commerce and retail pharmacies) across four major regions (North America, Europe, Asia Pacific and Rest of the World)

Smart Insulin Pens Market – Key Segments CoveredIndication

• Diabetes Type I
• Diabetes Type II

Connectivity

• Bluetooth Connected
• USB Connected

Distribution Channel

• Clinics & Ambulatory Surgical Centers
• E-Commerce
• Retail Pharmacies

Region

• North America (US and Canada)
• Europe (Germany, UK, France, Spain, Italy and Rest of Europe)
• Asia-Pacific (India, China, Australia & New Zealand, Japan and Rest of APAC)
• Rest of the World (Brazil, Mexico, GCC and South Africa)

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

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Future Market Insights,
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The global requirement for hydrofluoric acids has grown steadily owing to wide scope of applications for refrigerant compounds in multiple sectors. Strict government regulations associated with the environmental impacts of fluorocarbons will influence long-term demand. In metal sector operations, hydrofluoric acid also finds roles in the processing and production of aluminum products for automotive and packaging sectors.

Hydrofluoric acid is also used in the chemical processing sector in multiple roles including as etching agents, cleaning agents, and for the production of fluorides such as sodium fluoride, cryolite, and aluminum trifluoride, in addition to fluorocarbons, fluoropolymers, freons, and more. Hydrofluoric acid is also gaining attention as a precursor to niche drugs, a key factor which indicates regular demand from the global pharmaceutical industry.

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The growing demand for hydrofluoric acids, particularly from emerging economies will influence the direction of the market. On the other hand, the high concentration of fluorspar in China unbalances production capabilities. In addition, health and environmental concerns are also issues holding back growth. With further restraints on end user industries, during the covid-19 pandemic, demand is likely to recover gradually through 2021.

Key Takeaways of Hydrofluoric Acid Market Study

• Hydrofluoric acid sales to increase at 2.9% CAGR through the assessment period.
• The dominant fluorochemical applications of hydrofluoric acid, are likely to decline in the near future owing to stringent regulations associated with climate change.
• Continuing demand for fluorochemicals the metal industry allows Germany to register a relatively higher growth rate.
• United States market is projected to face major challenges owing to strict environment protection regulations.
• China will remain a dominant market, owing to easy availability and restrictions on imports associated with key raw materials.

“The consumption of hydrofluoric acid in the production of fluorinated derivatives is growing rapidly. Other niche applications including pharmaceuticals production, glass etching and cleaning, metal pickling, uranium fuel production, and oil refining will continue to support sales, even as manufacturers eke out new strategies to sustain growth through ever-restricting environmental regulations,” says an FMI analyst.

Fluorspar Constraints Influence Market Developments

According to FMI, the unbalanced state of global fluorspar supplies, has pushed hydrofluoric acid manufacturers to focus on the development of alternative production avenues to reduced the gap in raw material supples.

The use of fluorosilicic acid has been gaining traction in the industry. The material is produced through reactions between sulfuric acid and phosphate rock with silicates. It is being viewed as a commercially feasible alternative to fluorspar supplies.

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Currently, the use of fluorosilicic acid for the production of hydrofluoric acid is still in a nascent stage. However, an increasing number of manufacturers are expected to adopt the technology over the coming decade.  The major advantage of this method is the significant reduction in production costs, resulting in a substantial rise in profit margins for the foreseeable future.

Who is Winning?

The global hydrofluoric acid market can be considered as moderately consolidated, with a few leading players accounting for a major share of the overall hydrofluoric acid production. Manufacturers are increasingly focused on investments into research and development aimed towards product development with a focus on environment protection.

Key market participants including Gulf Fluor, Laxness AG, Solvay SA, Honeywell International, Buss ChemTech AG, Sinochem International Corp., Tanfac Industries Ltd., Fubao Group, Navin Fluorine International Limited, Merck KGaA, SRF Limited, Gujarat Fluorochemicals Ltd., Stella Chemifa Corporation, Morita Chemical Industries Co. Ltd., and Soulbrain Co., Ltd. amongst others are also focusing on consolidating their presence in the global market by diversifying supplies and distribution channels, dealing with the fallout of the covid-19 pandemic.

Hydrofluoric Acid Market by category

Grade

• Anhydrous
• Aqueous

Application

• Fluorochemicals
• Steel Pickling and Metal Treatment
• Petroleum Catalyst
• Glass Etching
• Electronics & Semiconductor
• Others

Region

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

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Key Questions Answered in the Report

Which is the most lucrative regional market for hydrofluoric acid?
Which is the top-selling grade of hydrofluoric acid?
Which are some of the leading companies producing hydrofluoric acid?

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

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Global Cold Rolling Oils/Lubricants Market: Dynamics Impacting GrowthThe global cold rolling oils/lubricants market is estimated to be driven by increasing production of steel and aluminum across the globe. Healthy growth in the global automotive industry will also be a prime factor supplementing market revenue growth. Growing local and foreign direct investments in the industrial sector, especially in developed countries in North America, Europe and Asia will also upsurge the demand for cold rolling oils/lubricants over the forecast period.  Moreover, increasing demand for aluminum and steel sheets in the automotive industry is anticipated to be a prominent factor pushing revenue growth of the global cold rolling oils/lubricants market in the near future. Strategic expansion in key markets is expected to remain a major focus area for leading players in the global cold rolling oils/lubricants market.

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On the other hand, one of the major challenges faced by cold rolling oils/lubricants manufacturers is the fluctuating price of raw materials, which is anticipated to restrain revenue growth of the cold rolling oils/lubricants market over the forecast period. Moreover, stringent environment regulations associated with the use of cold rolling oils/lubricants is also expected to hinder the growth of the market during the forecast period. Leading players in the market are investing heavily in research and development as a major part of their growth strategy to launch new and innovative products in the global market.

Global Cold Rolling Oils/Lubricants Market Forecast

On the basis of product type, the synthetic segment is estimated to account for about 38.0% market value share by 2022 end. This segment is expected to register a CAGR of 5.0% over the forecast period. In terms of value, the synthetic segment is anticipated to hold major share owing to high demand from steel and iron manufacturers.

On the basis of material type, the steel segment is expected to dominate the overall revenue generated in 2022 followed by aluminum. This segment is expected to expand at a CAGR of 5.5% over the forecast period.

On the basis of region, China is anticipated to dominate the cold rolling oils/lubricants market both in terms and value and volume. Increasing steel production and metal processing activities in China are expected to support the growth of the cold rolling oils/lubricants market over the forecast period.

Global Cold Rolling Oils/Lubricants Market: Competitive Landscape

Some of the players reported in this study on the global cold rolling oils/lubricants market are Croda International PLC, Exxon Mobil Corporation, Total S.A., BP plc., Indian Oil Corporation Ltd, Eastern Petroleum Pvt. Ltd., Hindustan Petroleum Corporation Limited, Houghton International Inc., Jiangsu Gaoke Petrochemical Co., Ltd., ETNA Products, Inc., Petroyag Lubricants, Buhmwoo Group, and Ricci S.p.A.

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Key Segments of Cold Rolling Oils/Lubricants Industry Survey

Cold Rolling Oils Market by Product Type:

• Synthetic Cold Rolling Oils/Lubricants
• Semi-Synthetic Cold Rolling Oils/Lubricants
• Mineral Based Cold Rolling Oils/Lubricants

Cold Rolling Oils Market by Material:

• Steel
• Copper
• Aluminium
• Others (Titanium, etc.)

Cold Rolling Oils Market by Region:

• North America Cold Rolling Oils/Lubricants Market
• Latin America Cold Rolling Oils/Lubricants Market
• Europe Cold Rolling Oils/Lubricants Market
• East Asia Cold Rolling Oils/Lubricants Market
• South Asia & Pacific Cold Rolling Oils/Lubricants Market
• Middle East & Africa (MEA) Cold Rolling Oils/Lubricants Market

Key Questions Answered in the Report

What metrics are listed for the China cold rolling lubricants industry?
Which key players are profiled in this cold rolling lubricants industry analysis?
What valuation will the cold rolling oils market enjoy in 2022?
What is the estimated valuation for the demand for cold rolling lubricants market by 2028?
In terms of CAGR, how is the cold rolling oils/lubricants market predicted to rise?

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Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Parent Market Overview

3. Market Background

3.1. Porter’s Analysis

3.2. Macro-Economic Factors

3.2.1. Global GDP by Region, 2016–2028

3.2.2. Global Automotive Production by Region

3.2.3. Global Automotive Fleet on Road Outlook by Region

3.2.4. Oil and Natural Gas Consumption by Region

3.2.5. Global Crude Steel Production

3.2.6. Growth in Transport Infrastructure Spending by Region

3.2.7. Global Primary Aluminum Consumption

3.2.8. Global Packaging Industry Overview

3.3. Market Dynamics

3.3.1. Drivers

3.3.2. Restraints

3.3.3. Opportunities

3.3.4. Trends

3.4. Value Chain Analysis

3.5. Cold Rolling Process

3.6. Forecast Factors – Relevance & Impact

4. Global Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com