Fine Chemicals Market Size, Growth Analysis Report, Forecast to 2025

Fine chemicals, also referred to as specification chemicals, is a class of chemicals which is characterized by their low volume use and higher price as compared to that of commodity chemicals. These complex, pure chemicals are manufactured in limited quantities and according to exacting specifications for their intended application. Fine chemicals are produced in batches as against continuous production which is practiced for bulk chemicals. Moreover, manufacture of fine chemicals involves conversion of basic chemicals into complexes which serve as building blocks in a variety of applications across diverse industries such as agrochemicals, paints and coatings, electronics, pharmaceuticals among the others. Agrochemicals and active pharmaceutical ingredients are the most common chemicals covered under Fine chemicals. Fine chemicals differ from specialty chemicals in that, these fine chemicals are sold primarily on the basis of ‘what these chemicals are’ as opposed to specialty chemicals which are sold on the basis of ‘what those chemicals can do’.

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Fine chemicals Market: Drivers & Restraints

Global fine chemicals market is expected to witness a steady growth during the forecast period, this growth of global fine chemicals market is expected to be driven by growth of the major end use industries. Pharmaceuticals and agrochemicals, being major consumers of fine chemicals, the growth in these industries is in turn expected to fuel the growth of global fine chemicals market during the forecast period. Moreover, growing demand from developing countries, especially those in Asia Pacific, is expected to result in growth of global fine chemicals market. A major trend witnessed in global fine chemicals market is that the companies producing fine chemicals are channelizing efforts towards development of efficient processes and newer products in order to gain a competitive advantage which eventually translates into a higher share in global fine chemicals market.

Among the above mentioned end use industry based segments of global fine chemicals market, the pharmaceuticals segment accounts for the largest share in global fine chemicals market value. The pharmaceuticals segment is followed by agrochemicals segment in terms of share in the global fine chemicals market value.

Fine chemicals Market: Key Players

Some of the identified major participants of the global fine chemicals market are as follows:

  • Lonza
  • Sumitomo Chemicals
  • BASF SE
  • Boehringer-Ingelheim
  • Sigma-Aldrich Corporation
  • Chemada fine chemicals
  • Albemarle Corporation
  • China Sanjiang Fine Chemicals Company Limited
  • Valiant Co. Ltd

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies and end use industries.

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Fine chemicals Market: Segmentation

Depending on the end use application industries, global fine chemicals market can be segmented into following key segments:

  • Pharmaceuticals
  • Agrochemical
  • Polymer additives
  • Food and Feed
  • Electronics
  • Perfumes and Fragrances
  • Others

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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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.

 

Polishing/Lapping Film Market Development Status, Competition Analysis, Type and Application 2028

A polyester based sheet powder that is covered with precisely graded minerals including silicon oxide, aluminium oxide, silicon carbide, cerium oxide, or diamond is known as a Polishing / Lapping Film. Lapping films are abrasive consumables that are coated with precision and are used for polishing and processing optical fiber connectors. The Polishing / Lapping Film is mainly used in polishing and finishing materials that are hard to grind which include exotic alloys, ceramics, carbide, composites, hardened metals, and others. The Polishing / Lapping Film is utilized where close tolerances are required, for polishing and micro finishing. The substrates that are used in Polishing / Lapping Film are plastic, glass, and metal.

Polishing / Lapping Film is used commonly in fiber optic connectors, medical devices, electronics components, precision instruments, hard disk drive, micromotors, waveguides, mobile handheld case, displays, glass cleaning and repair, finishing and repair, glass edge polishing, and others. The Polishing / Lapping Film possesses versatile attributes such as ability to help change grades in less than a minute, eradication of chatter and traverse marks which help in the reduction of rework and rejects, saving the downtime on multiple grade sequences, higher cut rate, superior durability, micro replicated abrasives, ability to help achieve fine finishes, and others. Owing to these features along with its wide range of application, Polishing / Lapping Film market is expected to witness a demand escalation amongst the industries.

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Dissecting the Polishing / Lapping Film Market for Evaluating Promising Segments

The Polishing / Lapping Film market is fragmented based on types that include metallized film, stretch film, shrink film, and adhesive film. On the basis of the raw materials, the Polishing / Lapping Film market is segregated into segments which include LLDPE, poly vinyl chloride, polyamide, PE and laminated materials. The market of Polishing / Lapping Film can be segmented based on its usage including segments such as food and cling film, medicine film, packaging film, and others.

Geographical Analysis to Examine the Global Spread of the Polishing / Lapping Film Market: APEJ Region to Project Increasing Demand

The Polishing / Lapping Film market is spread across the globe with its presence in the key regions. Regions including Latin America, North America, Western Europe, Middle East and Africa (MEA), Japan, Eastern Europe, and Asia Pacific Excluding Japan (APEJ) are assessed for understanding the regional coverage of the market of Polishing / Lapping Film. Owing to the increasing investments in the APEJ region and its manufacturing units, the Polishing / Lapping Film market is anticipated to witness a surging demand from the APEJ region. With the market in China and India being on a growing stage, the market for Polishing / Lapping Film is expected to be fueled in these countries during the forthcoming decade.

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Competitive Analysis to Evaluate the Contribution of Polishing / Lapping Film Market Participants

Market players known to contribute to the healthy growth of the Polishing / Lapping Film market include Haining Fusen Tape Co., Ltd., Fiber Instruments Sales Inc., Henan Union Abrasives Corp., Futamura Chemical Co., Ltd., Lee Valley Tools, Nantong Huaao Plastic Co., Ltd., 3M Electronics, Kemet International Ltd. Precision Fiber Products, Inc., and others.

The research report on Polishing / Lapping Film market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on Polishing / Lapping Film market provides analysis and information according to market segments such as geography, technology and applications.

Segmenting the Polishing / Lapping Film Market Based on Key Elements

Polishing / Lapping Film market can be segmented on the basis of types, including:

  • Stretch film
  • Metallized film
  • Adhesive film
  • Shrink Film

Polishing / Lapping Film market can be segmented on the basis of type of raw material, which include:

  • li>Poly Vinyl Chloride
  • Polyamide
  • PE
  • LLDPE
  • Laminated Materials

Polishing / Lapping Film market can be segmented on the basis of type of usage, which include:

  • Packaging film
  • Food and medicine film
  • Cling film
  • Others (Photovoltaic film, shipping labels, etc.)

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The Polishing / Lapping Film market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report on Polishing / Lapping Film market also maps the qualitative impact of various market factors on market segments and geographies.

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.

 

Industrial Oxygen Market reaching a valuation of US$ 60.03 Bn by the end of 2031, Analysis By Future Market Insights

Growing demand for oxygen from various industries, including metal fabrication and welding, aerospace and automotive, chemical, metallurgy, construction and steel industries, and the healthcare sector are anticipated to boost the demand of industrial oxygen in the coming decade, finds Future Market Insights (FMI) in a recent research study. As per the study, the industrial oxygen market is anticipated to witness a growth rate of 7.9% during the coming assessment period.

Growth in the steel industry is expected to boost the demand for industrial oxygen, as commercial oxygen is used in the production of materials such as stainless steel. Expansion of construction and automotive sectors is expected to indirectly boost the demand of industrial oxygen in the coming years. The growing aerospace industry is also expected to bolster the demand for commercial oxygen in the near future, as liquid oxygen is used as fuel.

Moreover, the growing healthcare sector also has boosted the consumption of industrial oxygen. During the pandemic, the demand for oxygen witnessed a sudden surge owing to the increasing number of COVID-19 patients all over the globe in the year 2020 and 2021. These factors will prove crucial for continued growth of the global industrial oxygen market.

The market is further anticipated to reach a value of US$ 129.77 Bn by the end of the forecast period. With the growing demand for metals, from the construction and automotive sector, the demand for industrial oxygen is also expected to witness substantial growth, since oxygen is used in the production of steel and alloys.

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Key Takeaways from Industrial Oxygen Market Study

  • Liquefied oxygen will witness significant growth in demand from aerospace, healthcare, construction, and steel industries. It will hold around 55% of the global value share.
  • Growing demand for oxygen for application in chemical processing is also anticipated to bolster sales, accounting for over US$ 8.3 Bn in 2021.
  • The North America market is dominated by the U.S., accounting for over 84% of the regional market, driven by relatively higher levels of industrial investment.
  • Germany and France hold the lead in Europe, with a valuation of over US$ 2.5 Bn and 2.3 Bn in 2021.
  • Driven by developments in the industrial and infrastructure sector, China is expected to remain a key market, accounting for more than 65% of the East Asia value share.

“The healthcare sector has been exhibiting demand for oxygen amid COVID-19 outbreak owing to the critical requirement of oxygen supply for the surging number of covid-19 patients, resulting is supply shortages in many markets,” said a lead analyst at FMI.

Who is Winning?

Leading players in the industrial oxygen market are focusing on strategic expansions by bolstering production capacity, opening new plants in emerging economies, in addition to collaborations and partnerships to provide high quality products and to increase market presence. These companies are also focusing on strengthening of their product portfolio and developing stronger distribution partnerships.

Key manufacturers in the industrial oxygen market include but are not limited to Matheson Tri-Gas Inc, Air Products and Chemicals, Inc. Noble Gas Solutions, Air Liquide, LINDE plc, Gulf Cryo, SOL Spa, Messer Group GmbH, Showa Denko K.K., Air Water Inc., Ellenbarrie Industrial Gases Ltd., Taiyo Nippon Sanso Corporation, KOATSU GAS KOGYO CO., LTD., Yingde Gases Group Co., Ltd., Daesung Group, INOX Air Products Private Limited, International Industrial Gases Limited, Axcel Gases, ECHO Gases Pvt. Ltd., Premier Cryogenics Ltd., Bhuruka Gases Limited, Seva Gases Private Limited and Piramala Gases.

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Industrial Oxygen Market by Category

By Product Type:

  • Compressed Oxygen Gas
  • Liquefied Oxygen
  • Oxygen Gas Mixture

By End Use:

  • Automotive & Aerospace
  • Chemical Processing
  • Energy
  • Construction & Metallurgy
  • Medical & Healthcare
  • Food & Beverages
  • Welding & Metal Fabrication
  • Others

By Region:

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

Want to Know More?

Future Market Insights has published a market research report on the Industrial Oxygen market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Industrial Oxygen market through three different segments- by Product Type, by End Use and by Region.

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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.

Magnesium Oxide Market is growing with a healthy CAGR of 5% during the forecast period of 2021 – 2031

The magnesium oxide industry is gaining momentum again as the key application sectors are getting back to the track after getting over the shockwaves due to the COVID-19 pandemic earlier in 2020. While the rise in demand for dead burned magnesia and caustic calcined magnesia fuelled the sales over the past decade, requirement in industrial, refractories, and other sectors is further spearheading the growth of magnesium oxide industry.

The latest revised edition of the report on ‘magnesium oxide’ market study by Future Market Insights (FMI) offers an in-depth analysis of the global industry trends, growth & restraining factors, and demand-supply trajectories during the forecast period of 2021 to 2031. As per the report, the industrial sector will majorly account for the industry growth while North America, Europe, Latin America, and Asia Pacific will remain the leading region.

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Key Takeaways from Market Study

  • The global magnesium oxide industry is expected to ascend at over 5% CAGR through 2031
  • High demand for dead burned magnesia (DBM) to augment the industry growth
  • Rise in application in industrial sector to propel the demand growth
  • The United States to remain in the leading position in North America magnesium oxide industry
  • Germany to maintain its lead in Europe magnesium oxide industry
  • Asia Pacific to register the fastest growth throughout the forecast period
  • China, Japan, the United Kingdom, India, Canada, and a few other countries to have positive industry outlook

“The growing demand in refractory application, especially in iron and steel industry is set to bolster the growth of magnesium oxide suppliers. Additionally, DBM grade magnesium oxide is expected to contribute over 50% of the revenue generated in the refractory industries,” says an FMI analyst.

How is the Demand from Industrial Sectors Boosting the Sales of Magnesium Oxide?

Magnesium oxide has extensive application across diverse industrial sectors such as-

  • Soil remediation
  • Wastewater treatment
  • Emissions treatment
  • Drinking water treatment
  • To molten iron and steel to remove sulfur

And others. As a result the demand from these sectors are aiding in the growth of magnesium oxide providers.

According to a report titled “Performance of the Agriculture Sector- Statistics Explained” published by the European Commission (EC), the European Union (EU)- 27’s agricultural industry created gross value added of EUR 176.4 Billion in 2019, while agriculture contributed 1.3% to the EU-27’s Gross Domestic Product (GDP) in 2019. This gives a glimpse of the high demand for magnesium oxide across various industrial sectors.

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Who is Winning in This Space?

The players in the global magnesium oxide industry are experiencing strict competition. In order to maintain their leading positions through the cut-throat competition, they are launching cost-effective and broader range of products.

For instance,

  • Premier Magnesia LLC launched its new range of products such as EnviroBlend®, MAGOX®, Thioguard®, AQUAMAG®, and others during the last few years
  • Ube Industries Ltd. launched its new range of Magnesia Clinker, Magnesium Hydroxide Dry, and others a couple of years back

More Valuable Insights

In its latest report, FMI offers an unbiased analysis of the magnesium oxide 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 (dead burned magnesia, caustic calcined magnesia, and fused magnesia), and application (industrial, refractories, agricultural, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and 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 consumers.

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Phosphate Conversion Coatings Market is projected to grow at a value of 4.0% CAGR between 2022 and 2028

Phosphate conversion coatings (Phosphating) has served as the most important surface treatment option till date. The market is now expected to grow at a moderate rate with major application in the automotive segment. PCCs are increasingly gaining popularity in the manufacture of casing connections to enhance their consequent sealing performance. Further, when used in combination with the lubricants, these coatings provide excellent galling protection, a property highly desirable in across various end-use industries, including chemical, oil & gas, etc.

According to the revelations by Future Market Insights in its new research report, the global Phosphate Conversion Coatings market is expected to reach a market value of over US$ 2,300 Mn by the end of 2028, growing at a CAGR of 4.0% during the forecast period.

There are various special properties of PPC that have helped mark its growth globally, such as better corrosion resistance, improved adhesion, superior wear resistance, and enhanced aesthetic appearance. The growth is highly evident in the automotive as well as the food and beverage industry. The food and beverage segment is expected to grow at a steady growth rate, with key application in beverage cans.

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China’s Industrial Activities to upkeep its compelling growth in the Global PCC Market

China is projected to be a major contributor to the growth of global phosphate conversion coatings market as it holds the highest market share. Zinc phosphate segment is gaining traction in the China phosphate conversion coating market. It is a result of rising manufacturing and industrial activities in the emerging economies. The region is expected to witness the fastest growth in the global market at an impressive rate of 5.2% during the forecast period. Other emerging economies are also witnessing similar trends in the PPC market.

These trends are a part of the shift in automotive and construction industry. Automotive industry remains a key sector for supplying phosphate conversion coatings. The construction industry growth is expected to lead to a rise in demand for coated steel and aluminum coils, which in turn will upsurge the demand for the phosphate conversion coatings over the forecast period.

PPC Market’s greater portion to be covered by Tier 1 & 2 players

The global phosphate conversion coatings market is significantly consolidated. More than two-third of the global market has been estimated to be concentrated among tier 1 and tier 2 players. Tier 3 players, which largely cater to their regional markets, are expected to hold nearly one-fourth of the overall market. The leading players are witnessed indulging in partnerships with Automotive OEMs as a move to stay ahead in the intensified competition. The companies are also focusing on introducing new products in the market.

Their strategies include development of innovative coatings and solutions with superior characteristics, which can be utilized over advanced substrates as well as in novel applications, will be among the key success factors for the long term growth

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Competitive Landscape

Leading players operating in the phosphate conversion coatings market are investing in strategic collaborations, and are focusing on development and launch of new phosphate conversion coatings. Apart from this, players are focusing on expanding their production capacities to serve more end users, in order to gain a competitive edge. For instance:

  • In July 2017, Henkel Ag & Co KgaA developed Bonderite, a two-step metal pre-treatment process for bodies with high aluminium content which provides superior corrosion performance while reducing processing and investment costs. This process utilizes zinc phosphate to treat steel in first process, followed by aluminium treatment.
  • In November 2017, Chemetall GmbH announced that they will introduce a new iron phosphate coating: Gardobond A4002, which has been formulated using the latest detergent technology.

Key Companies Profiled

  • Henkel AG & Co. KGaA
  • PPG Industries, Inc
  • The Sherwin-Williams Company
  • Axalta Coating Systems, LLC
  • Kansai Paint Co., Ltd.
  • Chemetall GmbH
  • Nihon Parkerizing Co., Ltd.
  • Keystone Corporation
  • Freiborne Industries, Inc.
  • Hubbard-Hall Inc.
  • Crest Industrial Chemicals, Inc.
  • Westchem Technologies Inc.

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Phosphate Conversion Coatings Markey by Category

By Product Type:

  • Manganese Phosphate Conversion Coating
  • Iron Phosphate Conversion Coating
  • Zinc Phosphate Conversion Coating

By Substrate:

  • Cast Iron
  • Steel
  • Others (Aluminium, Magnesium, Titanium)

By End-use Industry:

  • Automotive
  • Food & Beverages
  • Consumer Appliances
  • Others (Healthcare, Chemical/ Petrochemical, Aerospace, etc.)

By Region:

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

The coming years will reveal more innovative competitive strategies prevailing in the global phosphate conversion coatings market. To get further insights on the global PPC market, reach out to the team of expert analysts at press@futuremarketinsights.com

 

Gum Rosin Market to Hit US$ 1.97 Bn by 2028: Says FMI

Global sales of gum rosin were valued at 757.9 KT in 2018 and are estimated to grow at an impressive rate in 2019, as per the latest research study by FMI. Incessant demand for bio-based materials from multiple end-use industries is among the key factors fuelling investments in gum rosins. Multifarious benefits and low price fluctuations are boosting the adoption of bio-based materials, including gum rosins. This, in turn, is likely to create favorable grounds for growth of gum rosin market during the forecast timeline.

As per the FMI analysis, broader factors, such as resurgence in economies and increasing disposable income, have levied pressure on multiple end-use industries for boosting their production capabilities with no compromise in terms of quality. Ever-evolving demand for high-performance intermediates, including adhesives, coatings, and rubber, from multiple industrial verticals is accelerating the growth of gum rosin market.

According to the FMI research study, manufacturers are eyeing emerging economies brimming with opportunities for gum rosins on account of hefty investments in the production of pine chemicals. Moreover, in Asian & African countries, the process of extraction and distillation of pine chemicals is relatively economical, creating profit-making opportunities for the manufacturers of gum rosins.

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According to the FMI analysis, end-users will prefer WW grade of gum rosins over other types, with global sales estimated to surpass 300 KT in 2019. High consumer propensity for WW grade of gum rosins can be attributed to its superlative quality and workability in case of core applications such as synthetic rubber and adhesives. WG grade is likely to trail the former on account of surging demand for binding materials of superior quality.

The report finds that demand for gum rosins will continue to remain buoyant in printing ink and adhesive applications, with global sales collectively exceeding 400 KT collectively in 2019. The demand for gum rosins as a base material in case of printing inks and adhesives remains unabated, driving revenue growth of the gum rosin market. The demand for gum rosins in paints & coatings is foreseen to significantly take off and not likely to slow down anytime soon, finds the report.

The manufacturers of gum rosins are focusing on novel production technologies facilitating higher production yields of optimal quality while curbing the environmental footprint. Subsequently, manufacturers operating in the gum rosin market are resorting to advanced analytical processes, such as gas chromatography and mass spectrometry, for production of high-quality gum rosins.

East Asia will retain its lucrativeness for the manufactures of gum rosins, with China spearheading demand. China has been a key producer as well as consumer of gum rosins, driven by incessant growth of application-based industries in the region, such as printing inks, synthetic rubber, adhesives, and paper sizing. Large gum rosin manufacturing bases across countries such as Indonesia, China, and Brazil are participating in high-volume exports to other countries, which is a key aspect assisting expansion of gum rosin market in these regions.

As per the FMI study, notable R&D investments are being made by leading participants of the gum rosin market for achieving high production volumes and enhanced ROI benefits. Multiple research activities and initiatives are underway for introducing genetic modifications in the pine trees, which would enable increased flow of resins in the trees. Such innovative and advanced approaches are anticipated to fuel seamless production of high quality gum rosins, projecting an optimistic outlook for gum rosin market over the forecast timeline.

Gum Rosin Market – Competition Landscape

The global Gum Rosin market is a fragmented market and most major market participants held single digit market share in 2017. The top ten to twelve players in the global Gum Rosin market collectively hold between 30% and 35% market share.

Some of the leading manufacturers studied under this study on the global Gum Rosin market are Wuzhou Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV. INDONESIA PINUS, Vinhconship Group and EURO-YSER.

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Gum Rosin Market: Segmentation

Product Type

  • WW
  • WG
  • N
  • X
  • Others

Application

  • Paper
  • Paints & Coatings
  • Soap
  • Printing Ink
  • Adhesives
  • Rubber
  • Others

Region

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

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Key Questions Answered In the Global Gum Rosin Report

  • How has the Gum Rosin market evolved over the past four years?
  • What are some of the prevailing market dynamics in the Gum Rosin market?
  • What shape is the Gum Rosin market expected to take in terms of volume and value during the study period?
  • What are the competition developments and trends in the Gum Rosin market?
  • What are the important key challenges, opportunities and improvement factors for Gum Rosin market players?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the Gum Rosin market?
  • What are the important market positioning and key strategies of key Gum Rosin manufacturers as per the market taxonomy?
  • How is the competition structured at present and how has it evolved in the Gum Rosin market over the past few years?

For more actionable insights on outlook of gum rosin market, reach out to our analysts at press@futuremarketinsights.com

 

Artificial Turf Market Analysis and Forecast 2021-2031 | Dow dupont, Tarkett, Shaw Industries, Victoria PLC

Demand for attractive artificial lawns in gated societies and communities has bode well for market. Urban homeowners are more inclined towards spending on lawns and playgrounds in societies. Moreover, these facilities are often considered imperative to aesthetic value to any property. As artificial turfs eliminate the contact of harmful pesticides and fertilizers used for natural grass, these turfs are progressively gaining traction in residential applications.

The global artificial turf market will exhibit a year-on-year (YoY) growth of 5.7% between 2020 and 2021. Favored by the increasing number of sport events and stadium across the globe, the market volume for artificial turf is likely to surpass 146 Mn Sq.m through 2031.

Moreover, the emergence of customized and recyclable products are expected to create lucrative sales opportunities for manufacturers. According to FMI, the market for artificial turf is anticipated to expand at a CAGR of 5.9% during the forecast period 2021 to 2031.

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Artificial turfs are increasingly used in hotels, restaurants, residential houses, and airports for various landscaping applications such as decorating balconies, rooftops, swimming pools, children playgrounds, and lawns. Thus, with the expansion of urban infrastructure aligned with modern lifestyle, the demand for artificial turf is expected to propel in the coming years.

Due to its superior characteristics such as high durability, less maintenance, low replacement rate over natural grass, artificial turfs are progressively used in contact sports such as rugby, football, hockey, and cricket playing fields and stadiums.

Thus, increasing number of stadiums across the world and upcoming global sports events such as ICC World Cup 2023, FIFA World Cup 2022, and others are anticipated to accelerate the sales of artificial turfs over the next ten years.

“Manufacturers in the market are emphasizing on developing third-generation turfs using hybrid technology for developing innovative products with shock pads and anti-bacterial properties to address the increasing demand from landscaping and sports sector,” says the FMI analyst. 

Key Takeaways from the Artificial Turf Market Survey

  • In North America landscape, the U.S. is estimated to remain a dominant market driven by the increasing demand for artificial turfs from landscaping and leisure applications.
  • The U.K, home to large number of football and cricket stadiums, is expected to emerge as one of the most remunerative markets.
  • The market for artificial turfs in India is projected to exhibit the fastest growth in the Asia Pacific on the back of increasing government support for upgrading sports infrastructures, especially hockey and football.
  • Germany is estimated to account for a significant share in the European market on the back of the presence of a large number of leading artificial turfs manufacturers in the country.
  • Based on infill material, the rubber is likely to dominate the segment favored by the increasing adoption in outdoor sports.

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Competitive Analysis

Leading players operating in the artificial turfs market are heavily investing in research and development activities to develop novel product to expand their product portfolio. Besides this, some of the players are engaging into strategic mergers & acquisitions of small and medium-scale companies. For instance,

  • In 2017, Synthetic Grass Warehouse, Inc. an America based company announced launching its new artificial turf named, Everlast Turf’s Nature’s Best. The product is aimed to provide realistic looking artificial grass with enhanced durability.
  • In August 2019, SportGroup subsidiary company, AstroTurf acquired, an American company, Nagle Athletic Surfaces Inc. The acquisition assisted the company to capitalize on the extensive range of products of Nagle Athletic Surfaces, Inc. and increase their market share.

Key Companies Profiled

  • Dow dupont
  • Tarkett
  • Shaw Industries
  • Victoria PLC
  • Controlled Products
  • ACT Global
  • Sport Group
  • Tigerturf
  • SIS Pitches
  • Matrix Turf

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More Insights into the Artificial Turf Market Report

In its latest report, FMI offers an unbiased analysis of the global artificial turfs 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 infill material (rubber, sand, and other) and application (contact sports, non-contact sports, leisure, and landscaping) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

 

Camping and Caravanning Market Key Manufacturers, Development Trends and Competitive Analysis 2030

Nowadays, most of the countries, such as the Philippines, India, Thailand, Brazil, and UAE, are significantly investing in their airports to improve arrival/departure facilities for a large number of tourists in the foreseeable future. Moreover, players in these countries focus on restoration of heritage and camping sites, as well as infrastructure. Additionally, improvement of lifestyle, showcasing culture & diversity, and cooperative partnerships between governments to enhance infrastructure for better living and commuting are other factors contributing to the growth of the camping and caravanning market. Projected to rise at a CAGR of ~7.6% between 2019 and 2029, Future Market Insights foresees stable growth for the market.

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Key Takeaways from the Camping and Caravanning Market Study

  • According to the report, companies are increasingly focuses on customer loyalty programs, as the camping and caravanning is a customer-driven market, and players target a particular set of customers and retain them by meeting their requirements. Accordingly, the development of technology-driven, customer-centric services and innovative discount offers through gift cards is expected to boost the revenue of the companies in the global camping and caravanning market.
  • Nowadays, e-Gifting is gaining popularity among consumers, owing to advantages such as convenience, easy availability, and customization benefits. Thus, prominent players in the camping and caravanning market offer e-Gift cards to customers with an objective to retain them in the future.
  • The Europe region is expected to retain its dominant position in the global camping and caravanning market, due to increase in frequency and length of holidays by young population in the caravan camping parks coupled with growing trend of mobile homes without relying on hotels or motels  in the region.
  • Among destination type, the privately owned campgrounds segment is anticipated to show a relatively higher CAGR in the global camping and caravanning market in the near future, as increasing number of millennial campers and rise in demand for luxury camping facilities across the globe.

“Prominent players in the global camping and caravanning market are focusing towards loyalty programs to attract customers towards camping activities. Moreover, prominent players are significantly advertising and promoting gift cards for campers through social media and other offline stores to increase customer awareness and retention rate” says an FMI analyst.

Staying connected on social media while camping remains a priority of millennials. The availability of Wi-Fi and improved cell phone service at campgrounds is increasing the active participation of millennials in camping parks, is anticipated to propel the camping and caravanning market in the foreseeable future. Additionally, the fast-paced advertising and technological landscape has become an essential part of the camping and caravanning industry, as tourists seek the best travel experience in a shorter duration is another factor drives the global camping and caravanning market over the forecast period.

Who is winning?

Some of the key players operating in the camping and caravanning market ACCOR SA, Internacional Palamos, Radisson Hotel Group, Haven Leisure Limited,  Hilton Worldwide Holdings Inc., TENTRR, HIPcamp, Vacansoliel, Selectcamp, ACSI Holding BV, and others.

Several prominent market players are significantly exploring new camping sites as more and more people are showing interest in adventure camping and glamping. Besides this, companies are also significantly improving their digital presence to meet customer expectations and introducing new customer loyalty programs by providing personalized experiences and reserving exclusive offers for members.

  • In January 2020, Hilton Worldwide Holdings Inc. introduced a new lifestyle hotel brand ‘Tempo’, to serve the growing segment of modern achievers. This new chain of hotels, with wellness and sustainability at the foundation, will provide a unique experience to younger and eco-friendly travellers. This expansion is anticipated to help the company expand its product portfolio and market footprint worldwide.
  • In 2019, ACSI Holding BV introduced new ACSI guides and apps for campers who likes to visit campsites with their own motorhome. This will enable travelers to camp at bargain prices off-season at more than 3,600 campsites in Europe. It will also provide extensive information about 8,000 ACSI-inspected campsites.

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CAMPING AND CARAVANNING MARKET TAXONOMY

The global camping and caravanning market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Destination Type

  • State or National Park Campgrounds
  • Privately Owned Campgrounds
  • Public or Privately Owned Land Other Than a Campground
  • Backcountry, National Forest or Wilderness Areas
  • Parking Lots
  • Others

Type of Camper

  • Car Camping
  • RV Camping
  • Backpacking
  • All

Consumer Orientation

  • Male
  • Female
  • Kids

Age

  • 6-12 yrs
  • 13-17 yrs
  • 18-24 yrs
  • 25-44 yrs
  • 45 + yrs

Region

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

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CAMPING AND CARAVANNINGMARKET – KEY RESEARCH FINDINGS

  • The global camping and caravanning market will expand at a CAGR of 7.6% over 2020-2030.
  • RV camping  and  backpacking segment likely to register growth during forecast period.
  • Europe remains the largest shareholder in the global camping and caravanning market and the East Asian and South Asian regions are  likely to register high growth rate
  • Infrastructural and facility developments at camping grounds impacting the market positively. Rising disposable incomes resulting in increase spending in domestic holidays likely to fuel market growth.
  • Increasing popularity of outdoor recreational activities likely to impact positively to the market growth.

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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Special Interest Tourism Market Size, Analysis, Top Players, Target Audience and Forecast to 2030

The special interest tourism market is poised to surge exponentially in the coming years, with Future Market Insights (FMI) predicting it to reach US$5.61 Bn by the end of 2030. In 2021, the market is likely to rise at a little above 22%, as tourism industry sets on path of recovery with countries gradually reviving from the COVID-19 aftermath.

Surging focus on sustainability will remain chief driver of special interest tourism. An increasing number of rural advocates, government officials, and farmers are enthused about prospects of direct farm marketing. Direct marketing aids in rural development by attracting agricultural tourists.

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Recreational activities such as pick your own food, cut-your-own Christmas trees, and others are organized under this concept, facilitating special interest tourism growth around the world. Agritourism is thriving across the world since it offers unique opportunities for combining aspects of agriculture and tourism industry, offer a plethora of educational, financial, and social benefits to tourists and communities, alike.

Expansion of agritourism is presenting lucrative opportunities for special interest tourism growth. Ranch stays across the U.S. and farm stays in India are popular example for this. Besides this, the rising focus on sustainably travelling will enable growth in the market. With an increasing number of travelers showing keen interest on traveling more responsibly, prospects for special interest tourism growth are expected to soar.

With COVID-19 pandemic exposing vulnerabilities of the tourism industry, focus on sustainable tours and travels is expected to grow. United Nations World Tourism Organization has integrated Sustainable Tourism Goals encouraging adherence to certain standard while promoting tourism. Such initiatives by international organizations will boost special interest tourism market in the coming years.

Some of the key takeaways from FMI’s study on special interest tourism market are:

  • The expansion of tourism industry in France and U.K. will catapult Europe to fore of special interest tourism market
  • Activities will remain key purpose motivating travelers to opt for special interest tourism
  • Environmental activities will remain highly sought-after, while demand for adventure tourism is forecast to rise steadily
  • Online booking will rise even as conventional methods such as in-person booking remain popular

“Governments around the world are adopting various strategies to revive tourism industry as economies return to normalcy following COVID-19 outbreak. Keen focus on special interest tourism is noted, as governments engage in promoting special activities across tourism destinations,” revealed a lead analyst at FMI.

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Surging Demand for Personalizing Tour Packages

According to Think with Google, nearly 57% of travelers are in favor of personalizing their buying experiences based on their personal preferences, behavior, and past choices. The rising demand for personalization has become a crucial driver of the special interest tourism growth. By offering flexible packages and tailoring them as per traveler’s preferences, travel and tour companies stand a better chance of satisfying them. The rising demand for personalizing travel packages and experiences will aid in the expansion of the market in the coming years.

Driven by changing consumer preferences, prominent trip advisors and planners such as Travel Triangle and others are offering facilities for personalizing travel experiences. This is expected to bode well for the global market.

Who is winning?

The report identifies some of the leading companies operating in the market. To gain edge amid surging competition, market players are focusing on designing unique packages. For instance, Martin Randall Travel Ltd. offers competitively-priced trips across U.K. and Europe. Meanwhile, Audley Travel Group Ltd., supports several social and environmental charities and projects across the world. In January 2020, it was also granted the Travelife Partner aware as a recognition of its efforts towards improving corporate social responsibility and sustainability.

Some of the other leading players in the market are Wild frontier, Carlson Holdings, Inc., Cox & Kings Ltd., Flight centre Travel Group, National Geographic Partners, LLC., EF Educational Tours, and Booking Holdings, Inc., among others.

Key Segments

Purpose

  • Activity
  • Educational
  • Discovery
  • Hobbies
  • Challenge
  • Relaxation
  • Health & Therapy
  • Day Tours

Activity

  • Environmental
    • Ecotourism
    • Nature-based tourism
    • Wildlife tourism
    • Others
  • Adventure
    • Backpacking
    • Mountaineering
    • Whitewater
    • Rafting
    • Bicycling
    • Others
  • Sport
    • Golf
    • Tennis
    • Sailing
    • Soccer
    • Cycling
    • Kayaking
    • Scuba Diving
    • Others

Booking Channel

  • Phone Booking
  • Online Booking
  • In Person Booking

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Report Scope

Attribute Details
Forecast Period 2020-2030
Historical Data Available for 2015-2019
Market Analysis USD Million for value
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Poland, BENELUX, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, South Africa
Key Segments Covered By Activity, By Purpose and Region
Key Companies Profiled Martin Randall Travel Limited, Audley Travel, Trafalgar, Wild frontier, Carlson Holdings, Inc., Cox & Kings Ltd., Flight centre Travel Group, National Geographic Partners, LLC., EF Educational Tours, and Booking Holdings, Inc., among others
Report Coverage Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing Available upon Request

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:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
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United Arab Emirates
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Educational Tourism Market Key Insights, Profiling Companies and Growth Strategies by 2031

According to a recent report by Future Market Insights (FMI), the educational tourism market is expected to surpass a valuation of US$ 1,947.0 Bn at a robust CAGR of over 17.2% through 2031.

Governments around the world have played an important role in modernizing the education system by developing smart learning programs and aligning the education curricula with global teaching standards.

The as artificial intelligence (AI), machine learning, virtual reality (VR), augmented reality (AR), etc. has led to the adoption of more efficient methods of teaching and in turn delivering an enhanced quality of education.

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Governments have adopted several initiatives to support the integration of technology into the education system. For example, the UAE has initiated an Innovation Hub by Oracle in Dubai, allowing students to pitch ideas for developing technological changes.

Meanwhile, the UAE government has allocated funds towards ICT development and establishment of 122 innovation libraries in schools with Arabic representation in technology in order to encourage and promote education among Arabic-speaking students.

The main objective for integrating new technologies into the educational system is to enable students to adapt to the ever-evolving dynamics of various industries. Moreover, regional governments are focusing on creating an ecosystem led by innovation and a knowledge based economy.

Therefore, the adoption of these technologies into the education system remains a top priority for government authorities.

Key Takeaways from the Educational Tourism Market Study

  • India, the U.S., the U.K., France, and Japan among others are the most popular destinations for educational tourism.
  • The U.S., the U.K., China, and Australia among others are top-visited countries in the world for educational tourism and are becoming an education hub for international students.
  • In terms of course type, master degree will be the most preferred type among consumers, contributing over 71% of global market share
  • Students are the primary end-users, enabling the global educational tourism market growth and are expected to generate over 39% of revenue during the forecast period
  • Global travel companies are anticipating high growth in the educational tourism sector. Though nascent in certain areas of the world, many travel companies are conducting educational tours, thereby promoting the importance of education and contributing to the growth of the educational tourism sector.
  • The concept of informal learning is more appreciated than formal learning, i.e., “education with travel”. Further, the thirst for knowledge has also increased thereby encouraging people to travel across the globe to gain knowledge of different concepts and technologies that they had studied earlier.

“Given the ever-growing demand for higher education and to bring to the attention of the local authorities to the implementation of the national strategy for international cooperation, international student recruitment has become a priority. Implementation of various policies and measures to help recruitment of a higher number of international students will therefore present highly lucrative growth opportunities for the market,” says an FMI analyst.

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Impact of Covid-19 & 2020 Market Analysis

Educational tourism has been one of the most affected industries from the very beginning of the outbreak of the coronavirus, with airlines on the ground, the suspension of outgoing and incoming flights, nationwide lockdowns, hotels closing and travel controls enforced.

In the FQ-20, the pandemic limited the arrival of international visitors to a fraction of what they were one year before. Countries all over the world imposed travel restrictions to limit the spread of the coronavirus, which broadly affected the overall tourism industry.

Additionally, The Director-General and CEO of IATA reported that financially, 2020 was the worst year in aviation history. On average, US$ 230.0 Mn has been added to business losses on each day of this year, contributing to a net loss of US$ 84.3 Bn dollars.

In 2020, with the extreme effects of the Covid-19 pandemic, in contrast to 2019 estimates, foreign tourism decreased by 22% in Q1 and by 65% in the first half of 2020, which directly impacted the educational tourism industry.

Who is Winning?

Players in educational tourism market adopts a virtual and online approach to connect with potential people. For instance, key players such as GVI Company, EF Educational Tours, and M.K.H Consultancy Services, among others provides virtual internship program and online classes. This approach helps the players to attract more customers.

Few key players in the educational tourism market are Meridean Overseas, GVI Company, Global Volunteers, Capital Tours, Inc., EF Educational Tours, Road Scholar, AAI Edutourz, ACIS Educational Tours, GoIreland, Qadri International Education Consultancy, Intelligent Partners, Futures Abroad, ProEd DMCC, Education Resources Network (ERN), Education Zone, Fact, IQ Education Consultants, M.K.H Consultancy Services, and Stratix Consultants among others.

Market by Category

By Age Group (% of Demand):

  • Less Than 12 Years
  • 13-18 Years
  • 19-25 Years
  • 26-40 Years
  • 41-55 Years

By Education Type (% of Demand):

  • Primary
  • Secondary
  • College
  • Post Graduate

By Type of Occupation (% of Demand):

  • Students
  • Scholar
  • Teachers
  • Government Officials
  • Corporation Managers
  • Enterprise Owners
  • Workers
  • Others

By Course Type (% of Demand):

  • Master Degree
  • Secondary Education
  • Primary Education

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Scope of Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis USD Million for Value
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered (% of Demand) Tourism Type, Purpose of Visit, Age Group, Education Type, Type of Occupation, Course Type, and Region
Key Companies Profiled
  • Meridean Overseas
  • GVI Company
  • Global Volunteers
  • Capital Tours, Inc.
  • EF Educational Tours
  • Road Scholar
  • AAI Edutourz
  • ACIS Educational Tours
  • GoIreland
  • Qadri International Education Consultancy
  • Intelligent Partners
  • Futures Abroad
  • ProEd DMCC
  • Education Resources Network (ERN)
  • Education Zone
  • Fact
  • IQ Education Consultants
  • M.K.H Consultancy Services
  • Stratix Consultants
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Key Points Covered in the Educational Tourism Market Report

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, country-wise, and region-wise analysis
  • Competition mapping and benchmarking
  • Brand share and market share analysis
  • Key product innovations and regulatory climate
  • COVID-19 impact on educational tourism market and how to navigate
  • Recommendation on key winning strategies

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:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/