Boron Carbide Market Expanding at a healthy 4.2% CAGR, the market size is projected to total US$ 188.8 Mn by 2029

The global market for boron carbide is estimated to be valued at US$ 141.2 Mn in 2022, which is expected to expand at a CAGR of ~4.2% throughout the forecast period of 2022 – 2029, opines a recent market research report by Future Market Insights.

As per the insights of the report, the global boron carbide market is estimated to witness substantial growth over the forecast period owing to numerous factors, which include research and development activities in the defense sector. As boron carbide is commonly used for developing bulletproof vests as well as in military tanks, ongoing advancements in the defense sector will bolster the consumption of boron carbide across geographies, opines the FMI study.

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Increasing Growth Opportunities in Asia Pacific excl. Japan Dictate Market Players’ Strategies

Asia Pacific excl. Japan is expected to account for a prominent proportion of the global boron carbide market in terms of value and volume, according to the FMI study. The region is also estimated to witness relatively stronger growth over the forecast period.

This can be attributed to the widespread application of boron carbide in developing products for the defense sector. Furthermore, increased defense budgets in countries in this region are expected to further spur growth in the boron carbide market, as boron carbide is largely used in the production of vehicle body and armour.

The increasing prominence of nuclear technology for energy generation has also been considered to contribute towards the long-term growth of the boron carbide market. Considering the population growth as well as the urbanization rate of countries in the region, demand for power and energy is expected to increase with time, causing an inclination towards nuclear technology, further giving a significant push to the boron carbide demand in the coming years.

Applications in Abrasives Account for a Significant Market Share

The global boron carbide market has been classified on the basis of grade, product type, and application.

  • On the basis of grade, the market is segmented into abrasive grade and nuclear grade. On the value as well as volume front, the abrasive grade boron carbide represents a sizeable proportion in the market. However, continuous research and development towards developing safe nuclear technologies is anticipated to contribute considerably in the evolution of the nuclear grade boron carbide.
  • On the basis of product, boron carbide is largely available in three prominent forms: powder, grain, and paste. Of these, boron carbide powder and grain are estimated to remain prominent over the forecast period. This can be attributed to their large-scale applications in processing metals as well as sintering applications, among others.
  • Among applications, the boron carbide market is segmented into abrasive, nozzles, armour, and others. The use of boron carbide as an abrasive in the automotive industry is noted to be the prime force behind the evolution of the market throughout the forecast period. The significant demand from the energy sector to develop safe and reliable nuclear technology is expected to mold the boron carbide marketplace for nuclear applications. Additionally, the increased defense budgets and large scale procurement of body and vehicular armour is expected to further add up to the growth of the boron carbide market.

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Boron Carbide Market: Vendor Insights

The global boron carbide market report offers key insights about few of the prominent market players that have established their foothold in the global boron carbide market. Some of the key players in the global boron carbide market are The 3M Company, Saint-Gobain S.A., UK Abrasives, Inc., H.C. Starck GmbH, Songshan Specialty Materials, Inc., Washington Mills North Grafton, Inc. and American Elements, among others.

Several manufacturers are noted to enhance their boron carbide product lines by focusing on investments in research & development activities as well as broadening the scope of applications of boron carbide.

End-use sectors such as automotive, aerospace, and defense, among others are compelling the manufacturers to develop products based on boron carbide as these have a longer service life and are noted to operate with a relatively better efficiency. Hence, research & development is expected to generate lucrative growth for manufacturers in the marketplace.

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Boron Carbide Market By Category

Grade :

  • Abrasive
  • Nuclear

Product Type :

  • Powder
  • Grain
  • Paste

Application :

  • Abrasive
  • Nozzles
  • Armor
  • Others

Region :

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

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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Ocular Drug Delivery System Market Incline with the Key Player: Graybug Vision Inc., Allergan Plc., Ocular Therapeutix, Inc., Alimera Sciences & pSivida, Forecast-2022-2031

According to Future Market Insights (FMI), the demand for ocular drug delivery system is expected to rise considerably, enabling the market to surpass US$ 14,471.2 Mn in valuation by the end of 2021. The market is forecast to exhibit 6.8% CAGR between 2021 and 2031.

Ocular drug delivery systems are designed for dispensing drug, biologic, biopharmaceutical, and botanical therapeutics for treating macular degeneration, glaucoma, presbyopia, allergy, anti-viral, dry eye, anti-infective and anti-inflammatory indications.

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To overcome the ocular drug delivery barriers and improve ocular bioavailability, various conventional and novel drug delivery systems have been developed such as ointments, emulsion, suspensions, aqueous gels, Nano micelles, liposomes, , and in situ thermosensitive gels for the earlier mention ocular diseases.

Glaucoma is the second-leading cause of blindness worldwide, accounting for up to 8% of total blindness. In India, glaucoma is the leading cause of irreversible blindness with at least 12 million people affected and nearly 1.2 million people blind from the disease. More than 90 percent of glaucoma cases remain undiagnosed in the community.

Thus the high incidence of ophthalmic diseases, resulting in the rise significant patient population, is driving the global ocular drug delivery systems market.

Ocular drug has to pass the water-fat-water membranous structure of cornea and this changing environment presents a significant barrier. That is why, for almost four decades, researchers have been involved in developing intraocular sustained-release drug delivery platforms.

Owing to the rigorous research studies, approvals for new ocular drug delivery techniques are currently recorded globally. This has helped the market to gain momentum over the last few years.

Key Takeaways from Ocular Drug Delivery System Market Study

  • Increasing focus on pharmaceutical innovation and research on drug delivery technologies is driving a transition towards particulate drug delivery systems, which will account for over 68% of the market in 2021.
  • Ophthalmic solution for ocular drug delivery system is expected to account for 60% the global market share by 2031.
  • Among distribution channels, hospital pharmacies accounted for 40% of the market share in 2031. Soaring influx of patients for treatment and availability of intensive care support have propelled the demand in the sehment.
  • North America holds the maximum share, owing to the presence of Tier1 players, high per-capita healthcare expenditure, and favorable reimbursement policies in the region.
  • The U.S. holds a more than 44% share in the global ocular drug delivery systems market.
  • The U.K. and Germany are leading markets in Europe, accounting for more than 41% of the Europe market in 2021.
  • South Korea is the fastest growing market in East Asia, exhibiting 10.3% CAGR through 2031.

“Increasing prevalence of eye infections, innovation in drug delivery technologies, and rising clinical trials are creating lucrative growth opportunities for ocular drug delivery system sales,” says the Future Market Insight analyst.

Increase in Funding for Research Activities Offers Growth Opportunities

Leading manufacturers in the ocular drug delivery system market are strengthening their market position through collaboration with various other organizations. Governments in developed and developing countries are actively taking initiatives to encourage research pharmaceutical products.

For instance, In April, 2017, Santen Pharmaceuticals announced a strategic investment in Regenerative Patch Technologies LLC, a U.S. based company engaged in development of ophthalmic therapies.

Pharmaceutical giants are expected to benefit from the globalization of labor forces, that is, employment of skilled local labor at cheaper rates to derive larger cost savings. Furthermore, this will create room for research and development (R&D) investments.

As per data from EFPIA and PhRMA, annual pharmaceutical (R&D) expenditures increased at 2.5% p.a. in Europe as compared to 3.3% p.a. in the U.S. over the latest measurable period 2016-2020. This will also create opportunities for the expansion of the market.

Who is Winning?

The global market is set to expand due to the rising prevalence of eye infections. Leading players within this space are expected to focus on research and development to offer an early and precise diagnosis of ailment, besides offering effective patient care.

Some of the leading players in the ocular drug delivery system market include but are not limited to Allergan Plc., Graybug Vision Inc., Ocular Therapeutix, Inc., Alimera Sciences, pSivida, Santen Pharmaceutical Co., Ltd, Taiwan Liposome Company Ltd., Envisia Therapeutics, Eyegate Pharma, Valeant Pharmaceuticals International, Inc, Vision Ophthalmology Group GmbH, Clearside Biomedical, URSAPHARM Arzneimittel GmbH.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global ocular drug delivery systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the ocular drug delivery systems treatment on basis of the key indication in detail, cover every aspect of the market such as technology, dosage form, distribution channel across seven major regions.

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About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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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Biostimulants Market is projected to exhibit a CAGR of 11% over the forecast period (2022-2029)

The consumption of biostimulants is rapidly gaining pace across all agrarian countries around the world as a preferred crop growth enhancer that is free from any synthetic ingredients and objectionable side effects.

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The product has been provided on a high commercial scale by tier-1 global scale market players as well as regional and domestic enterprises. The growth of organic-based farm products has also envisaged the use of biostimulants to a healthy extent. The global biostimulants market was valued at US$ 2.7 Bn in 2021, and is projected to exhibit a CAGR of 11% over the forecast period (2022-2029).

Key Takeaways from Global Biostimulants Market Study

  • The acid-based active ingredient type of biostimulants is commonly used by a majority of agricultural professionals for row crops as well as for other types. However, in wake of continued product innovations, newer types for microbial growth amendment, minerals tracing, etc., are more likely to be sought by end users.
  • Horticulture-base crop produce to foresee a boost in consumption of biostimulants, as these crops are more prone towards microbial reactions. The development of diverse varieties/ grades of fruits and vegetables has involved a significant use of biostimulants
  • Product differentiation has been followed by leading manufacturers. This involves product branding and marketing, which was otherwise clubbed into the conventional category of crop fertilizers in earlier times, and resulted in low traction of biostimulant sales.
  • Europe has been an early adopter of biostimulants, owing to product development and compliance of eco-friendly initiatives as proposed by HSE (Health, Safety and Environment) management bodies. Over the due course of time, the region has emerged as the leading consumer of biostimulants, and will account for half of global sales in 2022.
  • However, with emerging markets such as India and China, the paradigm shift of growth is expected to be concentrated over East Asia over the forecast period.

Biostimulants Market: Competitive Landscape

The biostimulants market is highly competitive with a rich palette of global and regional players. Global players such as Valagro SPA, Koppert B.V., Syngenta, BASF SE, UPL Corporation Limited, Novozymes, Isagro SPA, and FMC Corporation have invested strategically in the biostimulants market, and have launched basic and premium grades at different pricing levels to increase their earnings and profit margins.

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This suggests that, major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming future. Research & development, coupled with expansion of supply and distribution footprint via all possible trade channels, remains the key strategy for manufacturers to enhance business growth and capture new market opportunities.

South East Asia to Offer Lucrative Growth Opportunities

South East Asia is anticipated to hold a prominent share of the global biostimulants market, owing to the high per acre agricultural production rate as compared to other regions. Another key factor driving the growth of the biostimulants market in East Asia is the decrease of natural soil fertility due to environmental amendments, which has compelled agricultural professionals to infuse biostimulants in crop produce by themselves.

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

The study offers insightful information on the global biostimulants market based on various categories– crop (row crops, fruits and vegetables, turfs and ornamentals, and other crop types), active ingredient (acid-based, extract- based, and others)and application (soil, foliar, and seeds), across seven regions.

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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 consumersz

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Coated Fabrics Market is set to be valued at US$ 19,976.7 Mn in 2021

The global coated fabrics market is set to be valued at US$ 19,976.7 Mn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm. The report forecasts the global coated fabrics market to grow at nearly 5.1% CAGR during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on Coated Fabrics growth will evolve in the next decade.

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Demand for coated fabrics waned in 2020, and due to the economic impact of the unprecedented COVID-19 crisis. However, the manufacturing industry is currently in recovery mode. Considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive. Rising application in the transportation segment will continue supporting growth. According to FMI, above 34% of sales in terms of application will concentrate in this sector.

Key Takeaways

  • China, Japan, South Korea and ASEAN countries are witnessing high demand for coated fabric
  • China being the largest market in the world, is also expected to hold highest share in the coated fabrics due to presence of strong local base and extensive production facilities and availability of raw materials
  • The U.S. emerges as a leading market, accounting for over 84% sales in North America.
  • Increasing automotive sales will support growth in the U.K., enabling it to exhibit 5.6% y-o-y growth in 2021
  • Germany and France too will record high growth, driven by increasing focus on workplace safety

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Competitive Landscape

The market is moderately consolidated, with key players accounting for significant market share. Some of the key players in the market are Saint Gobain S.A, Bayer AG, PPG Industries, 3M Company, among others. These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

Coated fabrics market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop specific purpose that meet personalized requirements of end users. Collaboration with regional manufacturers is framed as a prime strategy expected magnify in the forecast.

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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 consumersz

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Polymer Coated Fabrics Market is likely to grow at a y-o-y of 5% through 2022, reaching US$ 20 Billion.

A new market study on polymer coated fabrics, published by Future Market Insights, reveals the changing demands for technical textiles across multiple industrial verticals. After analysing a slew of factors influencing the dynamics of global polymer coated fabric market, the report anticipates it to reach US$ 20 Bn valuation by the end of forecast period, 2017-2022. During the assessment period, the global market for polymer coated fabric is poised to grow steadily at a CAGR of 5%, with expansion concentred in the Asia-Pacific excluding Japan (APEJ) region.

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Key findings from the report reveal that polymer coated fabrics with moisture barrier characteristics are garnering more demand. Polyethylene (PE) coatings that can hold moisture from premating the fabric are becoming sought-after in the market. In 2017, PE coated fabrics are anticipated to account for nearly one-fifth share on global revenues. While their contribution to the overall revenues in global polymer coated fabric market will not be as significant as other product-types, the demand for PE coated fabrics is certainly expected to gain traction in the foreseeable future.

A range of physical and mechanical advantages offered by PE coated fabrics due to their low water permeation characteristics is expected to extend the application scope of polymer coated fabrics. Over the forecast period, PE coated fabrics will reflect fastest sales growth by registering a value CAGR of 5.8%. Meanwhile, vinyl coated fabrics will be observed as the top-grossing product in the polymer coated fabric market, and will procure around two-fifth share on global revenues towards the end of 2017.

Polymer Coated Fabrics made of Woven Textiles to Witness Moderate Sales

The report also reveals that woven textile materials will lose their trend in the polymer coated fabric market. Global demand for non-woven polymer coated fabrics are expected to outpace that of polymer coated fabrics made from woven textile materials. By the end of 2017, woven textile materials will procure just about one-third share, whereas knitted textile materials will be register 40% share on global polymer coated fabric market value. Drop stitches and bad selvedge are some of the key defects in woven textile materials, which have factored their lower uptake in production of polymer coated fabrics.

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More Insights on Future of Polymer Coated Fabric Market

  • With APEJ region at the forefront, North America and Europe are also expected to remain lucrative in the global polymer coated fabric market
  • Through 2022, the polymer coated fabric market in Middle East and Africa (MEA) is expected to record fastest expansion at 6% CAGR
  • Transportation applications of polymer coated fabric will lose traction, while industrial applications will create an incremental opportunity of close to US$ 1 Bn between 2017 and 2022
  • Production of awnings, canopies and roofing will also be observed lucrative in terms of application, revenues from which are expected to reach US$ 2.5 Bn by 2022-end

The report profiles leading manufacturers of polymer coated fabric to offer an outline on the market’s competitive landscape. 3M Company, BASF SE, Saint-Gobain, Akzo Nobel NV, PPG Industries, Inc., E I du Pont de Nemours and Company, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., The Valspar Corp, and Bayer AG are key companies anticipated to remain active in the expansion of global polymer coated fabric market through 2022.

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Market Taxonomy

A concise summary of the global polymer coated fabric market taxonomy is exhibited in the table below.

Region

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

Product Type

  • Vinyl Coated Fabrics
  • PU Coated Fabrics
  • PE Coated Fabrics
  • Others (acrylic, nylon 6, nylon 6-6, PA, PC, PEEK, PBT, and PET)

Textile Material Type

  • Knitted
  • Woven
  • Non-Woven

Application

  • Transportation
  • Protective Clothing
  • Industrial
  • Roofing, Awnings & Canopies
  • Furniture & Seating
  • Others (Agriculture, Geotextiles, Medical, Sports & Leisure, And Packaging)

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.

Contact Us:

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Dibutyl Ether Market Size by 2031: Global Demand and Regional Analysis

According to latest research, The Dibutyl Ether market is projected to expand between 4.0% and 6.0% CAGR during the assessment period 2021-2031. The growth of the market can be attributed to increase in the demand of specialty chemicals all over the globe.

Dibutyl ether is an excellent choice of solvent both available for both technically and commercially for a wide range of synthetic reactions and processes where its low water and peroxide content and high boiling point allows for higher process temperatures.

The flash point of the product is higher than any other conventional solvents adding to its safety aspects, and it is a much easier solvent to recover after use than THF, thus making process economic feasible. The growing demand for improved properties and quality is expected to provide growth opportunities for the products market.

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What is Driving Demand for Dibutyl Ether market?

Major factors driving the market are the growing demand from the chemical industries which are present all over the world. Companies are striving to adopt environment-friendly and efficient chemical preparation techniques.

This compound is used as a solvent for Grignard synthesis which is used in the synthesis of alcohols, acetals, ketones, aldehydes, ethers carboxylic acides, esters, ethers, amino compounds, vinyl compounds, organo sulfer compounds, acetylenic compounds, and organometallic compounds. It has aprotic qualities. High economic growth and increase in population are expected to drive the industrial sector, thereby propelling the demand for dibutyl ether in industrial chemical applications.

Chemical Manufacturing Industries remains a Key Segment for the Consumption of Dibutyl Ether market.

Increasing demand from the chemical industries is one of the major factors driving the world’s dibutyl ether market. This compound acts as a major ingredient in the formation of many specialty and fine chemicals in the chemicals industry as it is used in the synthesis of Grignard reagent which is the major ingredient in the industries.

The growing specialty chemicals industry is anticipated to account for the biggest share of the overall compounds market during the forecast period.

This compound also acts a good solvent for oils and fats and some natural and synthetic resins. Its properties make it robust for use with either alkalis or organic acids. It is used in the manufacturing process of a number of pharmaceutical API’s such as cefaclor and Procarbazine. It is also used in the manufacture of agrochemicals such as Cyhexatin.

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Asia Pacific Dibutyl Ether Market Outlook

APAC is estimated to be the largest market for dibutyl ether in forecasted period. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy.

The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for the product in specialty chemicals applications where it acts as one of the major solvent.

North America Demand Outlook for Dibutyl Ether Market Outlook.

North America is also expected to witness significant market growth of this compound on account of rising production in pesticides and fertilizers industries over the forecast period. However, Demand in this region is supposed to grow at a moderate pace due to the slowdown in production in end use industries.

The capacity additions in the region of US and Canada are predicted to increase the market call over the outlook period.

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Who are the Key Manufacturers and Suppliers of Dibutyl Ether?

Some of the leading manufacturers and suppliers include

  • Hridaan pharma chem (India)
  • TCI chemicals (India)
  • Shanghai terppon chemical co ltd(China)
  • Shenzhen VTOLO industrial co ltd(china)
  • Merck Schuchardt OHG(Germany)
  • Santa Cruz Biotechnology Inc.(USA)
  • BuGuCh & Partners(Germany)
  • AK Scientific Inc.(USA)
  • Simagchem Corporation(China)
  • SR Chemical specialties(India).

Dibutyl Ether Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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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 consumersz

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Electronic Grade Hydrofluoric Acid Market Key Players, End User, Demand and Consumption by 2031

According to a recent study, The Electronic Grade Hydrofluoric Acid market is forecast to grow with a VAGR of 5% to 7% during the forecast period 2021-2031.

The increasing demand for hydro fluoro olefins (HFOs) and the increasing demand for fluorine compounds from several industries like steel aluminum, petroleum and pharmaceutical are the main factors driving the global market for hydrofluoric acids over the forecast period.

Hydrofluoric acid is a solution of hydrogen fluoride in water. It acts as an isotropic etching agent and is used for glass etching and ceramic etching in the manufacture of electronic components.

Electronic-grade hydrofluoric acid is a strong, reactive, and corrosive agent that readily reacts with acids, bases, and oxidants. It is widely used for the cleaning of silicon wafers in semiconductors, microelectronics, and photovoltaic cells.

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What is driving demand for Electronic Grade Hydrofluoric Acids?

A major trend identified in the global electronic-grade hydrofluoric acid market is the extensive use of the acid in the microelectronics sector on account of the rising demand and adoption of internet of things (IoT)- and artificial intelligence (AI)-enabled devices.

Companies across the globe are adopting IoT and AI solutions to increase productivity, make devices more efficient, and save operational costs. In addition, the rising demand for semiconductors from automotive companies for the manufacturing of self-driving cars is generating new revenue streams for the companies operating in the electronic-grade hydrofluoric acid industry.

Since hydrofluoric acid finds wide application in the semiconductor industry, the rising demand for products such as computers, smartphones, televisions, and telecommunication equipment is expected to boost the electronic-grade hydrofluoric acid market growth in the coming years.

Electronics to boost the Electronic Grade Hydrofluoric Acid Sales

Growth in the electronic-grade hydrofluoric acid market can be mainly associated with the expanding electronics industry and the rising demand for high-purity hydrofluoric acid. This is mainly facilitated by the growth in the usage of semiconductors and microelectronics in IoT and AI devices and photovoltaic cells.

Substantial use of semiconductors in smartphones, flat-screen monitors, LED TVs, autonomous cars, and civil aerospace and military systems would further drive the demand for electronic-grade hydrofluoric acid in the coming years. Thus, growth in the electronic industry is positively affecting the demand for electronic-grade hydrofluoric acid globally.

APAC Electronic Grade Hydrofluoric Acid Market Outlook:

Asia-Pacific dominates the electronic grade hydrofluoric acid market with a share of more than 45% during the forecast period.

China is projected to be the fastest-growing market for hydrofluoric acid in Asia Pacific, followed by India and Japan due to numerous numbers of manufacturers. Due to massive demand from chemical and metallurgical industries and actively growing manufacturing base in APAC, it will propel the hydrofluoric acid market during the forecast period.

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Europe and North America Electronic Grade Hydrofluoric Acid Market Outlook:

In us is it observed that the market for electronic grade hydrofluoric acid will reach more in next 10 years, Moreover, large manufacturers from North America and Europe are shifting their manufacturing base to the APAC region, owing to the easy availability of raw material, which, in turn, is driving the market for electronic-grade hydrofluoric acid in the region,

Who are the Key Manufacturers and Suppliers of the Electronic Grade Hydrofluoric Acid?

Some of the leading manufacturers and suppliers of Electronic Grade Hydrofluoric Acid include

  • Stella Chemifa Corp
  • FDAC
  • Honeywell
  • Solvay (Zhejiang Lansol)
  • Morita
  • Sunlit Chemical
  • Zhejiang Kaiheng Electronic Materials
  • Do-Fluoride Chemicals
  • Suzhou Crystal Clear Chemical
  • Jiangyin Jianghua Microelectronics Materials
  • Shaowu Fluoride
  • Shaowu Huaxin
  • Yingpeng Group
  • Sanmei etc.

Electronic Grade Hydrofluoric Acid Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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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 consumersz

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Halal Nutraceutical & Vaccines Market to reach a valuation of US$ 116381.3 Million over the forecast period of 2021 and 2031

ESOMAR-certified consulting firm Future Market Insights’ report, projects a steady growth of global halal nutraceutical & vaccines market. The report has forecast the market to reach a valuation of US$ 116381.3 Mn over the forecast period of 2021 and 2031.

Growing demand for halal dietary supplements from Muslim dominant countries is accelerating the demand of halal nutraceutical & vaccines across the globe.

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Key players are investing heavily in order to adhere to the regulations of halal products to cater the demand. Initiatives undertaken and increased funding for the promotion of halal dietary supplements across Malaysia, UAE, Singapore and China will bolster the growth.

Development of halal products for vegetarian customers with the increasing prevalence of lifestyle disorders such as diabetes, obesity and others are propelling the demand for halal dietary supplements.

As per the FMI’s analysis, due to the high demand from the GCC countries, Indonesia and Malaysia for dietary supplements & other products, the market witnessed steady growth at 6.50% CAGR during 2016-2020.

However, high cost of production in compliance to the regulation of halal certification will impede the market growth. Less production and demand from the U.S, the U.K and other western countries might hamper the demand.

Key Takeaways from FMI’s Halal nutraceutical & vaccines Market Study

  • By distribution channel, hospital pharmacies segment will remain highly sought-after for halal nutraceutical & vaccine sales.
  • In terms of application type, general wellbeing will retain its dominance, while immune & digestive health will account for second largest application
  • Halal dietary supplements will dominate the halal nutraceutical & vaccines market in terms of product over the forecast period
  • Indonesia and Switzerland will emerge as the leading market across Asia Pacific excluding Japan backed by the high demand of halal dietary supplements
  • UAE will emerge as the most lucrative market registering fastest growth in terms of value over the forecast period
  • Malaysia is anticipated to lead the Asia’s Halal nutraceutical & vaccines market, exhibiting the growth at 18.3% CAGR

 “With some of the leading names in supplements industry entering into the market, competition is likely to soar. Focus on capacity expansion will continue, steered by which the market it likely to witness a slew of product launches,” says the FMI analyst. 

Competitive Landscape

Prominent halal nutraceutical & vaccines market players profiled by Future Market Insights include Chemical Company of Malaysia Berhad, Abbott Laboratories, Nestle, Amway, Herbalife International of America Inc., AJ Biologics SDN BHD, Agropur Inc., PT Kalbe Farma TBK, Kotra Pharma SDN BHD, and Noor Vitamins among others.

Abbott Laboratories and Herbalife International of America, Inc. are two leading companies dominating the global halal nutraceuticals & vaccines market.

While Abbott Laboratories is expected to focus on producing halal nutraceutical & vaccines for infants, women and specific therapeutic nutrition, Herbalife is emphasizing its business measures more towards consumer awareness through promotional campaigns.

Multinational food & beverage companies like Nestlé S.A. and Amway are also increasing their presence in the global halal nutraceutical & vaccines market to gain competitive edge.

Chemical Company of Malaysia Berhad, AJ Biologics Sdn Bhd., Agropur, Inc., and Kotra Pharma (M) Sdn Bhd, are also recognized as the leading companies in the global halal nutraceutical & vaccines market.

Increasing initiatives for the certification of halal products and demand from Middle East countries are widening the growth opportunities for the leading players. Increasing demand for halal dietary supplements across Malaysia and Indonesia will broaden the future expansion prospects for the market players.

More Insights on the Global Halal Nutraceutical & Vaccines Market

In its latest report, FMI provides detailed segmentation on the global halal nutraceutical & vaccines 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 product type (halal dietary supplements and halal vaccines), application type (sports nutrition, general wellbeing, immune & digestive health, bone & joint health, heart health, disease prevention, and weight loss), and distribution channel (hospital pharmacies, retail pharmacies, online sales, and super markets) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan and Middle East & Africa)

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About the Healthcare Division of FMI

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.

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.

Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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​United Arab Emirates
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Website: https://www.futuremarketinsights.com

Ester Gums Market Notable Developments & Geographical Outlook

According to the latest research, the demand for Ester Gums is anticipated to grow with a compelling growth rate of about 6.0% to 8.0% in between the coming assessment period of 2021-2031. Ester gums used in many applications like food, beverages, cosmetics, paints, inks and many others.

Ester Gums, also known as Glycerol Esters of Wood Rosin, is used in chewing gum and ice cream as a thickening agent and emulsification stabiliser. Fruit and citrus flavoured sodas, lemonades, chewing gum, fruit coatings, and confectionery inks all contain the glycerol ester of wood rosin.

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What is Driving Demand for Ester Gums?

Ester gum is an important additive in the food and beverage industry, and there is a growing need for it all over the world. The need for ester is ultimately driven by demand from fruit and energy drinks.

Another factor to drive the market growth is rising demand for ester gums from the food and beverage industries around the world. Furthermore, the increasing use of different types of ester gums as an emulsifier and stabilisers in different beverages such as energy drinks and also in end –use industries like paints and coatings, inks is a factor that is expected to fuel market growth in the near future.

Citrus fruit flavouring oils, such as those produced from lemons and oranges, do not mix well with carbonated water or natural fruit juices. Even after mixing, these extracted flavouring oils would just float on top of the beverage if put directly into carbonated water.

The ester gum is essential for perfectly blending the flavouring oils with carbonated water. The non-alcoholic beverage sector is being driven by a growing focus on health and wellness, which is projected to enhance the ester gum market in the coming years.

Growth of Paints & Inks industry and Food & Beverage Industry Boost the Market and Increasing demand of Ester Gums.

One of the important segments for using the ester gums is in the field of paints & inks. Ester gums are a resin modification that can be utilised in adhesives, modifiers, and protective coatings where little odour is required.

Glycerol Esters of Wood Ester Gum Rosin is an emulsifier that thickens foods like chewing gum and ice cream. Ester gum is an odourless, yellow resin with homogeneous flakes that is utilised as a clouding agent in the beverage industry for aromatized, non-alcoholic beverages, as well as a raw material for chewing gum production.

Especially in citrus-flavoured soft drinks, ester gum is utilised as a natural alternative to brominated vegetable oil. Hence, food & beverage industry also plays a vital role to drive the market of ester gums,

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APAC Market Outlook Demand

One of the largest markets for ester gum is Asia-Pacific, with China accounting for the majority of regional sales. During the projected period, the region is also expected to have a strong growth rate.

The demand is being boosted by an increase in demand from several end-user industries, particularly the Paints, Inks, and Coatings and Cosmetics Markets. Chewing gum, beverages, as well as cosmetics and personal care goods, are in high demand in China.

With expansion into second and third-tier markets, China’s domestic cosmetics and personal care business has also showed an upward trend.

India is also a major market for ester gum demand in paints and adhesives manufacturing sector. The construction industry’s strong growth in the country has been a primary driver of this expansion. Another driving factor for the ester gum market is the growing demand for environmentally friendly goods for cosmetic applications.

Europe Market Outlook

Europe is one of the major market for the cosmetic industry. Europe is a potential market for new innovations and launches in the beauty and personal care market due to consumer behaviour toward maintaining a high quality of life.

Furthermore, the rising demand for natural ingredients and a growing consumer base concerned with raw-material composition, particularly in European regions, are viewed as opportunities for higher brand penetration by key players in the beauty and personal care products market. All these factors help to driven the market of ester gums in the forecast period.

The European functional beverage market is being fueled by the growing number of health-conscious consumers and their need for products containing health-based ingredients.

Who are the Key Manufacturers and Suppliers?

Some of the leading manufacturers and suppliers include

  • Jubilant
  • Arakawa Chemical Industries ltd
  • Foreverest Resources
  • Mangalam Organics Limited
  • Eastman Chemical Company.
  • PT. INDOPICRI.
  • Foshan Baolin Chemical Industry Co.Ltd.
  • DRT
  •  Shree Resins and many others.

By Segments

By Type:

  • Glycerol Esters of Wood Rosin (GEWR)
  • Glycerol Esters of Gum Rosin (GEGR)
  • Polymerized Rosins of Glycerol Esters(PRGE)
  • Penta Ester Gum
  • Others

By Application:

  • Paints & Coatings
  • Food & Beverage
  • Chewing Gum
  • Cosmetics
  • Adhesives

By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Russia
    • Nordics
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia Pacific
    • India
    • ASEAN Countries
    • Oceania
    • Rest of South Asia Pacific
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA

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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 consumersz

Contact Us:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

Coating Additives Market exhibit a CAGR of 4.8% during the forecast period 2017-2022

The recent study conducted by Future Market Insights (FMI) reveals that the global coating additives market will surpass a valuation of US$ 8,851 Mn, registering a CAGR of 4.8% during 2017 to 2022. There has been a significant rise in the use of coating additives in painting of surfaces that face external issues such as biocides, decaying caused by chemicals, high temperature and abrasion.

In recent years, the building and construction sector has witnessed tremendous growth, simultaneously making a positive impact on the sales of coating additives. Increasing consumer awareness about importance of using high-quality painting materials for buildings and houses is also driving the demand for various types of coating additives.

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Further, arrival of more advanced and efficient coating additives has led to greater usage of the product in the automotive industry. The new variants of coating additives offer a superior functionality in keeping the exterior paint work of cars at optimum condition for prolonged durations. Also, coating additives continue to gain traction in the manufacturing of several aviation, industrial engineering as well as wood & furniture products. However, increasing concerns over harmful effects of VOC found in coating additives continue to be a major growth deterrent for the market.

This, in turn, is prompting manufacturers to make greater efforts in developing environmental-friendly coating additives such as water-borne or bio-based. Moreover, introduction of such coating additives can create new market opportunities in the foreseeable future. Such factors are anticipated to shape the dynamics of the global coating additives market during the assessment period.

Additional Highlights of the Report Include:

  • Based on formulation, the solvent based segment will retain is top position in 2017 and beyond. In terms of revenue, this segment currently accounts for more than 50% share of the global market. In addition, the solvent based segment is estimated to reach a valuation of over US$ 4,954 Mn towards the end of 2022.
  • On the basis of product type, the acrylics segment will remain dominant over 2022. This segment presently commands for more than one-fourth revenue share of the market and is expected to surpass a market valuation of US$ 2,401 Mn by the end of the assessment period, reflecting a steady CAGR.
  • By application, the rheology modification segment will remain highly attractive throughout the assessment period. This segment presently accounts for over 30% market share in terms of revenue and is expected to soar at a CAGR of 4.4% from 2017 to 2022

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Europe to be at the Forefront; North America & APEJ to follow

FMI’s report mentions that the market for coating additives in Europe will retain its leading position over 2022. In addition, the region’s coating additives market is set to soar at an impressive rate and procure more than US$ 1,799 Mn by the end of forecast period.  This is primarily owing to the influx of emigrants in the region, which is resulting in greater demand for construction supplies including paints and coating additives for housing and relief shelters. Among other regions, North America and Asia-Pacific excluding Japan (APEJ) are also projected to witness steady growth of their respective coating additives markets. During the forecast period, market in the APEJ region is expected to exhibit the fast CAGR.

The report has also mentioned key companies functioning in the global market for coating additives, namely Arch Chemicals, Ashland Global Holdings, Inc., Asahi Glass Co., Ltd., Evonik Industries AG, Lonza Group AG, Akzo Nobel NV, Arkema SA., BASF SE, BYK-Chemie GmbH, Dow Chemical, Momentive Performance Materials, Inc., and Solvay SA. Majority of these market players are concentrating of further improving the efficient and functionality of their product.

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Market segmentation

Product Type

  • Acrylics
  • Fluoropolymers
  • Urethanes
  • Metallic Additive
  • Others (epoxy, polyalkyds, and amines)

Formulation Type

  • Solvent Based
  • Water Based

Application

  • Rheology Modification
  • Biocides Impact Modification
  • Anti-Foaming
  • Wetting & Dispersion
  • Others (slip & rub, flexibility, curing, and so on)

End Use Industry

  • Automotive
  • Architectural
  • Industrial
  • Wood & Furniture
  • Others

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.

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