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Growing Applications in Electronics and Semiconductor Production Drives Developments in Hydrofluoric Acid Market: New Study

Increasing demand for high-octane gasoline, fluorine compounds, and electronics is expected to aid the growing demand for hydrofluoric acid. According to a new study by Future Market Insights (FMI), the market for hydrofluoric acid is set to rise sluggishly with a CAGR of less than 3% through the end of the projection period in 2031.

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

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

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

Key Takeaways of Hydrofluoric Acid Market Study

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

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

Fluorspar Constraints Influence Market Developments

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

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

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

Who is Winning?

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

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

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Want to Know More?

Future Market Insights has published a market research report on the hydrofluoric acid market that contains global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the hydrofluoric acid market through three different segments- grade, application, and region. The hydrofluoric acid market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

Rugged Thermal Cameras Market 2021 Growth, COVID Impact, Trends Analysis Report 2030

Global sales of rugged thermal cameras market are anticipated to exhibit a CAGR of 9.5% during the forecast period, 2020-2030. Thermal imaging finds immense utilization in the aviation industry, primarily for military purposes. Its application radar consists of diverse domains including, navy, automotive, geological survey, agriculture, and fault detection.

Given a drop in prices of infrared (IR) imaging, civilian surveillance applications are widely embracing the technology. These rugged thermal cameras can be used remotely and controlled through internet in real time by leveraging ascendant remote management software (ARMS) from any device.

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COVID-19 Pandemic Impact Analysis

The sudden coronavirus (COVID-19) pandemic situation has widened the gap between supply and demand of security and surveillance systems, which, in turn, is severing the supply chain as well as manufacturing operations of various video surveillance system manufacturers. In the course of past five years, the market for rugged thermal cameras has grown by almost 8%, globally.

Furthermore, due to the pandemic, nationwide lockdowns and restrictions on transportation & logistics are resulting in production downtime and worker scarcity. In China, where the pandemic initially began, supply chains have also been negatively impacted by the COVID-19 spread, hindering the overall Chinese production by 2%.

Key Takeaways of Rugged Thermal Camera Market Study

North America is expected to hold significant share in the global rugged thermal camera market over the forecast period.
Cooled thermal cameras are likely to capture leading revenue share among all technology, as these cameras are widely used in extreme conditions worldwide.
Security and surveillance is anticipated to remain key application area of rugged thermal cameras.
Players in rugged thermal cameras continue to invest in government sector over the decade.

The rugged thermal camera market in South Asia & Pacific is likely to witness rapid growth, owing to upsurge in military expenditure in countries such as India, Singapore, and Malaysia. In addition, rise in adoption of new-age security systems for detecting and preventing security breaches is creating fertile ground for rugged thermal camera market players.

Rugged Thermal Camera Market By Technology

Increasing Adoption of Rugged Thermal Cameras in Maritime Industry to Propel Sales

Rugged thermal cameras are highly effective in maritime environments, wherein they are used to detect objects that can damage a vessel, and shipping lane traffic buoys. They monitor activities in port and detect approaching vessels without alerting them. Furthermore, rugged thermal cameras provide mariners with professional multi-sensor marine thermal vision to see other vessels, people in the water and navigational hazards.

Interested in More Valuable Insights on Rugged Thermal Camera Market?

Future Market Insights offers an unbiased analysis of the global rugged thermal camera market, providing historical data for 2015-2019 and forecast statistics from 2020-2030. To understand opportunities in the rugged thermal camera market, the market is segmented on the basis of technology, application, and end user across seven major regions.

RUGGED THERMAL CAMERAS MARKET TAXONOMY

The global rugged thermal camera market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.

Technology

Cooled Thermal Cameras
Uncooled Thermal Cameras

Application

Security & Surveillance
Monitoring & Inspection
Detection & Measurement
Others

End User

Government
Industrial
Commercial
Residential

Region

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

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KEY RESEARCH FINDINGS

The global rugged thermal cameras will exceed its US$ 2 Bn in 2024.
Cooled thermal cameras remain highly preferable; uncooled thermal cameras to falter markedly.
Market players eye security and surveillance for meaningful business returns.
Government sector continue to be primary end user of rugged thermal cameras.
North America remains in the vanguard; Asia Pacific (APAC) to offer potential growth avenues.

About FMI

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

Barite Market Experiencing a Slowdown amid COVID-19 Outbreak; Untapped Opportunities in Medical Industry Indicate High-potential Investment Pockets: FMI

Drilling mud applications are expected to account for substantial revenues amongst all applications, in the global barite market. Untapped opportunities in the medical industry are also generating incremental opportunities for manufacturers. Barite would experience steady demand growth in paints and plastics industries, as it is widely utilized to control the viscosity and add brightness to end products. Global barite market will cross the US$ 2 Bn mark by the end of 2030. Expansion of the automotive industry is creating revenue streams for manufacturers due to growing demand for brake pads and clutches for cars, as indicated by a new Future Market Insights (FMI) report.

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Key companies in the barite market are set to experience disruptions in supply chains owing to recent developments related to coronavirus crisis. Manufacturers are accelerating efforts to join the fight against COVID-19 pandemic by taking a step forward to donate barite cement for the construction of hospital radiotherapy bunker where coronavirus treatments are carried out.

Key Takeaways of Barite Market Study

Innovative approaches in determination of normal and abnormal anatomy of the gastrointestinal tract with the help of high-purity barite holds promising business potentials.
Barite is being extensively used as a weighted filler in paper, textile and rubber production.
Manufacturers are focusing on construction sector where barite is mixed with cement to make special containers used to store radioactive materials.
North America being the frontrunner in terms of revenue amongst all regions has created opportunities for manufacturers to comply with the regulations of the American Petroleum Institute to innovate in weighting agents for oil & gas industry.

Demand for weighting agents in the ever-increasing oil & gas industry are creating a stable business ground for manufacturers. Untapped opportunities in construction industry owing to demand for high density cement is fueling market growth.

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Lucrative Opportunities in Paints & Coatings

Companies in the barite market are increasing their production capabilities to manufacture paint-grade barite powder. This has deployed ease in handling and beneficial in transportation activities. High whiteness, low impurity and excellent dispersibility are key imperatives that are highly preferred in paint-grade barite powder. Latex paints, coatings and pigments amongst others are fueling demand for barite powder. Increasing number of powder coatings applications in households and other interior applications are generating value-grab opportunities for manufacturers.

Demand for Weighting Materials in Petroleum Industry to Bolster Market Growth

Fine grinding applications are catalyzing the demand for barium sulfate, owing to its high density and chemical inertness. An overwhelming majority of barite is being pervasively used in the petroleum industry as a weighting agent in the formulation of drilling mud. As such, the revenue if drilling mud applications is predicted to climb high growth from US$ 1 Bn in 2019 to US$ 1.4 Bn by the end of 2030. Commercial deposits of barite are primarily found in the U.S., China, India and Morocco.

Manufacturers Prepare for Volatile Demand Amidst COVID-19 Pandemic

Employee and worker safety amidst the coronavirus crisis has become the first priority of companies in the barite market. Hence, manufacturers have adopted telecommunication to support remotely via phones, Skype and VPN amongst other communication platforms. Global economic turbulences are anticipated to affect the barite market. Manufacturers are increasing efforts to devise contingency plans to address the uncertainty associated with lockdown relaxations in the upcoming months.

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Nutricosmetics Market steady growth over the forecast period 2020-2030 with a CAGR of above 8%

Nutricosmetics are expected to see a boost in the growth owing to innovative product launches according to a recent report published by Future Market Insights (FMI). These new launches are focusing on including the product in the diet of the consumers easier and more attractive than before.

The market is expected to grow at CAGR of above 8% by the end of forecast period 2020-2030 according to FMI.

Companies are coming together and getting into partnerships in order to provide innovative products which appeal to the consumer. Additionally, innovations in the functionality of the products is another key focus for manufacturers and consumers alike.

The role of nutrition is much clearer than before and people are becoming more aware of the products and its contents making an impact on their bodies. Thus more consumers are looking for products with nontoxic, natural and organic ingredients and scientific evidence to take care of their bodies.

For instance, a popular skin care brand by the name Ceramiracle has come up with an innovative approach for its products. The company owns a café which offers a variety of custom blended organic teas, rich in antioxidants and collagen boosting compounds.

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Key Takeaways

Companies are focusing on premium products as penetration and accessibility is higher compared to mass products.
Physical channels of sales such as specialty stores, departmental stores, and other convenience stores for the highest value share in the nutricosmetics market.
Online sales are expected to expand at the highest CAGR during over the forecast period.
North America is expected to hold the largest value share in the global nutricosmetics market.
Demand for mid-range nutritcosmetics is forecast to be higher
While hair and nail care segment dominates in terms primary function, multi-functional nutricosmetics will surpass in the near future

“Players in the global nutricosmetics market are focusing on creating awareness about the benefits of their products to the masses, along with bringing affordable and accessible products in order to explore the market potential,” says an FMI analyst.

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COIVD-19 Impact

Recent outbreak of Covid 19 pandemic has disrupted life in more than one way. The lockdowns implemented by governments across the world to curb the spread of the disease further has impacted supply chains, production and every other aspect of business. It has brought challenges to the entire global business community.

Nutricosmetics industry is also impacted by the imposing of lockdown worldwide. Production is hampered as transport is disrupted resulting in lack of raw materials. Also, consumers are vary of spending on things that are not absolutely essential for survival.

As the things are getting back on track, the industry is expected to get back to normal within a short time.

Who is winning?

Companies in the global nutricosmetics market are focusing on new product launches with innovative functionalities to appeal to the consumers. Also, in order to expand their footprint, companies are targeting regions in East and South Asia where the consumer is getting health conscious and also the disposable income is increasing.

For instance, single product with multiple benefits was launched by Amway when it came up with their protein powder. They marketed the product in such a way that it hit the multiple sections of consumers who were looking for weight loss, skin care, radiance and glow, weight management and many other benefits.

Some of the key players operating in the Nutricosmetics market are Pfizer Inc., Herbalife Nutrition Ltd., Amway Corporation, Phyto Botanical Power, Viviscal Limited, Everest NeoCell LLC, Amazing Nutrition, 21st Century HealthCare, Inc., Nature’s Bounty, Nutrawise health & beauty corporation, PureLogical International, Ivy Bears, Vitabiotics Ltd., MartiDerm, Shiseido Co. Ltd., H&H Group, Origo Cosmecuticals Pvt. Ltd., and among others.

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To Know More about Nutricosmetics Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global Nutricosmetics market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the nutricosmetics market based on the product type (supplements, and beauty beverages/drinks), primary function (skin care, sun care, anti-aging, radiance & glow, anti-acne/pimple, hair & nail care, weight management, and multi-functional), price range (economy, mid-range, and premium), distribution channel (hypermarkets/supermarkets, convenience stores, specialty stores, direct selling, departmental stores, e-Commerce, and other retail formats) across seven major regions.

Protective Clothing Market | One the Most Booming Industry in Upcoming Years Due to Global Demand by 2030

Work related injuries and deaths, tight government policy and new product development are the primary factors for protective clothing market. Protective clothing are expected to provide protection against flames, chemicals, biological agents, punctures, insects, rain, cold, ultraviolet (UV) radiation and extreme heat etc. Few notable developments are super repellent coatings, electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic (inspired by nature) materials. Research investment in areas like nanotechnology and intelligent materials lead to new technologies which brings advance & new protective clothing in the market.

On the back of these factors, the global protective clothing market is estimated to cross US$ 9 Bn in 2020 and is anticipated to expand more than 6% CAGR during the forecast period of 2020-2030.

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Outbreak of Covid-19 Disease Surge in Demand for Protective Clothing across the Globe

The outbreak of Covid-19 pandemic which had started in China, now spread all over the world. As of 7^th April, 2020, the total positive cases recorded were 1.4 Mn and 81,049 total number of deaths. It has effected more than 209 countries and territories so far. Apart from some essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The pandemic has raised a sudden need of protective clothing among doctors, nurses, and other health care professionals.

The use of coverall and lab coats are in high demand for medical professional, lab testers etc. Companies are facing enormous demand for protective clothing, and as a result, companies are currently expanding their production capacity to meet growing market demand. Lakeland Industries Inc., DuPont, have expanded their production capacity of protective clothing. Many other companies also started production of protective clothing to meet the domestic and global demand to fight against Covid-19.

Key Takeaways from the Protective Clothing Market Study

East Asia is expected to dominate the global protective clothing market owing to rise in demand for protective clothing in hospitals to eliminate spread of disease and treat coronavirus patients coupled with significant presence of prominent companies in China and Japan. Moreover, large number of low cost labour base and availability of raw material in East Asia are also the factors for the growth of protective clothing market in the region.
According to FMI, coverall segment are expected to see higher sales than its counterpart such as vest, jackets, aprons etc. Growing need for protection in chemical and manufacturing sector and healthcare industries have propelled the sales of coverall.
Non-Woven material are mostly used in protective clothing market. It is expected to hold the largest share during the forecast. Advancement in Nano technology and materials such as electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic materials are expected to see a robust growth during the forecast.
Manufacturing sector holds the largest share in the global protective clothing market. However, healthcare sector is expected to grow at significant CAGR owing to high demand for coverall, lab coats, and medical grown. Moreover, ongoing coronavirus pandemic has increased an enormous demand for protective clothing across the globe.

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Manufacturing Capacity Expansion To Increase Product Supply

Currently, the organizations in the market are focused on expanding their manufacturing base to fulfil the rising demand. The WHO (World Health Organization) has urged the governments of countries to work with companies in order to increase the production of necessary medical and healthcare protection clothing and equipment supplies in view of the global pandemic outbreak. A well-established company DuPont has increased its production of Tyvek hazmat suits which is important to protect the doctors and nurses fighting the pandemic in the frontline.

“Due to the ongoing pandemic, the demand for protective clothing has reached to a new level, especially for doctors and nurses. Companies are increasing its production capacity. Many companies from other sectors are switching their production lines to fight COVID-19 such as Arvind Mills are currently producing protective coveralls and masks to ensure adequate supply in the market” says an FMI analyst.

Some of the key players operating in the protective clothing market are 3M Company, Ansell Limited, Kimberly Clark Corp., Teijin Limited, Sioen Industries, Lakeland Industries, Inc., W. L. Gore & Associates, Workrite Uniform Company, Inc., Cetriko, Lakeland Industries, Inc.,Ballyclare Limited, Glen Raven, DuPont and others.

Who is winning?

Several leading companies are expanding their production capacity. Extensive R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of protective clothing.

In March 2020, Lakeland Industries Inc. has expanded its manufacturing capacity by 30% to support market for the requirement of protective clothing.
In 2018, Radians, a manufactures industrial protective clothing had acquired Neese Industries, Inc. to increase its production capability.

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Get Valuable Insights into Protective Clothing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global protective clothing market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The protective clothing study reveals compelling insights on the protective clothing market on the basis of product type (coverall, vest, jacket, apron, others), material type (non-woven, woven, knit), end use industry (manufacturing, oil & gas, healthcare, others), demographics (men, women), and sales channel (offline, online) across all regions.

Power Tools Market is projected to expand at a CAGR of 5.1% over the forecast period 2021-2031

The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis the global power tools market is expected to be reach US$ 33.36 Bn in 2021. The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

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Key Takeaways of Global Power tool Market Study

Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

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About Future Market Insights (FMI)

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

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Electrical Steel Market is expected to reach US$ 70.5 Bn by 2031, Says FMI Analyst

The global sales of electrical steel are set to be valued at over US$ 37.5 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 6.5% CAGR from 2021 to 2031.

According to the annual market analysis conducted by Future Market Insights, expansion of the energy and automobile industries has led to heightened demand for electrical steel products. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

In spite of the recessionary effect of the COVID-19 pandemic in 2020, the overall steel industry in terms of production and supply has largely remained unaffected. With the continual demand from the energy industry, growth of electrical steel in the coming decade is expected to reflect an upward trajectory for the foreseeable future.

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Demand for electrical steel is increasing with the rise in the volume of transformer and motor production and sales in recent years. This can be attributed to an increase in investments and expansion of new power generation and transmission projects in developing nations.

The growing requirement of mass production has resulted in increased importance of process automation in the electrical steel market. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies.

There is also an increasing demand from energy and automotive industries for deployment of electrical steel in various applications. Increasing number of players focusing on research and development related to electrical steel is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Electrical Steel Market Study

Grain-oriented electrical steel is projected to hold over 51% percent of the global market share in 2021, supported by superior structural characteristics.
The energy sector is projected to hold over 33% of the overall market share as an end-user by 2031-end, supported by major investments into renewable energy projects.
The U.S. will remain a chief market, backed by rising demand from the energy sector. It is expected to account for over 86% of demand registered in North America in 2021.
The markets in India and China are set to surge at around 8% and 7% CAGR over the next ten years.
Russia is emerging as a key market in Europe, accounting for over US$ 2.1 Bn in 2021, driven by a massive energy infrastructure requirement.

“The electrical steel market is growing at a strong pace driven largely by increasing demand from the energy industry for applications in motors, transformers, and components. The increasing investment in power generation and transmission projects will create extensive opportunities for electrical steel manufacturers. Key industry participants are investing in expansions, strategic alliances, partnerships, and material innovations to gain a competitive advantage in the evolving global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says a Future Market Insights analyst.

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Competitive Landscape

The electrical steel market is moderately consolidated, with key players accounting for more than 50% of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, and Steel Authority of India Limited.

Electrical Steel Market by Category

By Product Type:

Grain-Oriented Electrical Steel
Non-Grain Oriented Electrical Steel

By Application:

Inductors
Motors
Transformers

By End Use:

Automobile
Manufacturing
Energy
Household Appliance
Others (Construction, Fabrication)

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

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Fluoropolymer Market is anticipated to witness significant growth during the assessment period, starting from 2021 to 2031

Increasing consumption of fluoropolymer in industrial processing & application is anticipated to create opportunities for growth of the market. According to a new study by Future Market Insights (FMI), over the assessment period between 2021 and 2031, the market will rise at a CAGR of 5.4%.

A fluoropolymer is characterized by high resistance to acids, solvents, and bases. Polytetrafluoroethylene (PTFE) is the most well-known fluoropolymer. It is expected to constitute over half of fluoropolymer sold globally. Fluoropolymers are widely used in industrial processing industries for numerous applications such as heat exchanger coatings, pump impellers, tanks, autoclaves, reaction vessels, flue duct expansion joints, autoclaves, and among others.

Geographically, East Asia is anticipated to dominate the market, accounting for more than one third of market value share. The Fluoropolymer market is estimated to reach a total market value of US$ 12,991.5 Mn by the end of 2031, growing at a rate of 5.3% during the forecast period. Rising demand from end use industries such as industrial processing as well as electrical & electronics are the key factors driving the global Fluoropolymer market during the assessment period.

Due to the COVID -19 crises the automotive and other allied industries has experienced a substantial decline owing to the restriction on trade between the regions, shortage of skilled labor, disruption in supply chain channel and among others. However, the trend is expected to regaining its growing from first half of estimated year and is expected to continue its boost in the near future.

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Key Takeaways of Fluoropolymer Market Study

Driven by application across diverse industries, fluoropolymer market is poised to reach US$ 12.99 Bn by 2031
Industrial growth will support expansion in the U.S., which is expected to account for over 87% of sales in North America
Following a year of set-back in 2020, the U.K. market will recover, exhibiting 3.7% y-o-y growth in 2021
Steady growth in Germany and France is expected as fluoropolymer sales continue to rise across various industries
China will emerge as a lucrative market within East Asia, accounting for over half of sales registered

“Some of the key players have developed and introduced risk management and business continuity plans during the pandemic situation by broadening their supply chains network geographically. These companies have multi-sourced goods to minimize their dependence on a single supplier, and they have considered an inventory strategy to mitigate supply chain disruptions,” says an FMI analyst

Who is Winning?

The global fluoropolymer market is consolidated. A few of the leading players account for a maximum share of the overall fluoropolymer market. In order to survive in the market, manufacturers are focusing on long-term contracts with end users for maximizing profits and ensuring continuous revenue flow. Key market participants including Mitsubishi Chemical Advanced Materials, AGC Chemicals Americas, Inc., The Chemour Company, Honeywell International Inc., Huntsman Corporation, Daikin Industries Limited, Dongyue Group Ltd., Kureha Corporation, Poly Fluoro Ltd., Amco Polymers, Solvay SA, Saint-Gobain Performance Plastics and others are focusing on increasing their share in global market by entering into strategic acquisitions of medium players and collaboration with other market participants.

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What Does the Future Hold?

Prominent players in the fluoropolymer market across the globe are planning to expand their distribution and sales footprint in Asia Pacific region on the back of easy availability of cost effective raw materials, availability of workforce at economic rate, considerable relaxation in regulations for chemical industries and subsidies in other utilities, expected to positively affect the global Fluoropolymer market in the foreseeable future.

Fluoropolymer Market by category

By Product Type

PolytetraFluoroethylene (PTFE)
Polyvinylidene fluoride (PVDF)
Polyvinyl Fluoride (PVF)
Fluorinated Ethylene Propylene (FEP)
Polychlorotrifluoroethylene (PCTFE)
Perfluoroalkoxy Polymer (PFA)
Others

By End Use

Automotive
Industrial Processing & Application
Healthcare
Electrical & Electronics
Construction
Others

By Region

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

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About Future Market Insights (FMI)

Edutainment Market 2021-2028: Industry Size & Share, Segmentation, Growth Opportunities, Regional Analysis

As per the research done by Future Market Research (FMI), the Edutainment market size is expected to grow from US$ 5,071.4 Mn in 2022 to US$ 11,348.9 Mn by 2028, at a CAGR of 14.4% during the forecast period. The edutainment market accounts for almost 10% market share of global amusement park industry.

The global edutainment market is expected to show significant growth in coming years owing to factors such as increasing adoption of interactive edutainment, leisure learning and exploratory entertainment games by people through edutainment centers such as indoor edutainment centers as well as outdoor edutainment centers.

Edutainment is simply combination of two discipline “education” and “entertainment” collectively called as educational entertainment. Edutainment centers are the places where children and their parents can visit for field trips and incorporate certain elements of pure entertainment and have a primary emphasis on discovery learning through spontaneous and free play. Edutainment helps in embedding lessons in some familiar form of entertainment like multimedia television programs, computer, video games, and others.

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Global Edutainment Market: Segmental Analysis

To understand and assess the demand and opportunities in the edutainment market, the edutainment market report is categorically split into five major sections: edutainment market analysis – by gaming type, by facility size, by revenue source, by visitor demographics and by region.

On the basis of gaming type, the edutainment market is segmented into interactive, non-interactive, explorative and hybrid combination games. The explorative games segment of the edutainment market is expected to dominate the market throughout the forecast period with a market share of 31.7% and 33.1% in 2018 and 2028 respectively.

On the basis of facility size, the edutainment market is segmented into 5,001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft. and > 40,000 sq. ft. segments. The 20,001 to 40,000 sq. ft. segment of the edutainment market is expected to dominate the market and enjoy the market share of 32.7% in 2018 to 34.7% in 2028.

On the basis of revenue source, the edutainment market is segmented into entry fees & tickets, food & beverages, merchandising, advertising and others. The entry fees & tickets segment of the edutainment market is expected to dominate the market for the maximum duration of the forecast period owing to the high CAGR associated with it and it is expected to grow from US$ 996.2 Mn in 2018 to US$ 4,981.4 Mn in 2028.

On the basis of visitor demographics, the edutainment market is segmented into children (0-12 years), teenager (13-18 years), young adult (19-25 years) and adult (25+ years). The children segment of the edutainment market is expected to dominate the market throughout the forecast period owing to the high CAGR associated with it. The market share of children segment of the edutainment market is also expected to grow from 35.0% in 2018 to 39.3% in 2028.

The section edutainment market analysis by region includes an in-depth country-level analysis of all global regions, namely North America, Latin America, Western Europe, Eastern Europe, SEA and Others in Asia Pacific, Japan, China and MEA, – by gaming type, by facility size, by revenue source, by visitor demographics & by country, and provides market data in terms of value for 2018-2028. In 2017, the market in North America dominated the overall global edutainment market, and it is also the fastest-growing region in the edutainment market.

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Global Edutainment Market: Key Players

The key players reported in this study on the global edutainment market are Kidzania, Legoland Discovery Center, Kindercity, Plabo, Pororo Parks, CurioCity, Totter’s Otterville, Mattel Play! Town, Little Explorers and Kidz Holding S.A.L.

Key Questions Answered in the Report

How much is the global Edutainment Market valued at?

The global edutainment Market is valued at over US$ 4,289.6 Mn in 2021.

What is driving demand for Edutainment?

The factors such as need for development of knowledge through the content of the games and rising AR/VR technology adoption in gaming industry is driving the edutainment market.

At what CAGR did demand for Edutainment increase over the past 5 years?

From 2013 to 2021, demand for edutainment increased at a CAGR of 14.5%.

What will be the demand outlook for Edutainment through 2028?

Edutainment market is projected to increase at 14.4% CAGR and to be valued at over US$ 11,348.9 Mn by 2028.

Which are the top 5 countries driving most of the demand for Edutainment?

The U.K., U.S., India, China, and UAE are major demand countries for edutainment centers.

About FMI

Treasury and Risk Management Application Market register a global CAGR of 7.6% during the forecast period of 2021 – 2028

The global treasury and risk management application market is expected to register a global CAGR of 7.6% during the forecast period of 2018 – 2028. The SEA & others of APAC and Eastern Europe regions are expected to account for an approximate market share of 40% by the end of the forecast period.

Treasury and risk management applications, as considered under the scope of the report titled “Treasury and Risk Management Application Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” are adopted by various corporate and financial institutions for managing and storing their data effectively at a faster rate with a comparatively lower maintenance cost. The introduction of intelligent treasury and risk management applications is the primary factor driving the global treasury and risk management application market in terms of value.

FMI delivers key insights on the global treasury and risk management application market in its report titled “Treasury and Risk Management Application Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.” Among the components of the treasury and risk management applications market, software components are expected to register the highest growth in the global treasury and risk management application market. Under the treasury and risk management application service components, consulting services are expected to dominate the global treasury and risk management application market throughout the forecast period.

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Treasury and Risk Management Application Market: Analysis & Overview

The global annual revenue from the deployment of treasury and risk management applications is expected to be valued at US$ 3,896.6 Mn by the end of 2020. The dominant regions, i.e., North America, Eastern Europe, SEA & others of APAC and Western Europe, are expected to collectively account for a majority share of the global treasury and risk management application market. The treasury and risk management application markets in Southeast Asia & other Asia Pacific and Eastern Europe are likely to dominate the global treasury and risk management application market over the forecast period.

In the coming years, small and medium enterprises are expected to be the top adopters of treasury and risk management applications. Treasury and risk management applications help enterprises improve their business functionality by minimising operating costs and improving productivity, due to which investments in treasury and risk management applications are witnessing significant growth. These factors are expected to boost the treasury and risk management application market across the globe. Moreover, treasury and risk management applications have also been adopted by various governments for storing the data as a backup to deal with expected as well as unexpected financial emergencies.

On the basis of FMI analysis, a noteworthy traction of professional and consulting services is expected with the increasing deployment and integration of treasury and risk management application software globally. One of the major factors driving the global treasury and risk management application market is the growing digital transformation in the manufacturing, retail and wholesale sectors.

Treasury and Risk Management Application Market: Regional Overview

The market in Southeast Asia and others of Asia Pacific region is expected to present the most attractive opportunities for treasury and risk management application providers, followed by the Latin America market. The treasury and risk management application market in SEA and others of APAC is estimated to expand at a significant CAGR in terms of value over the forecast period. Furthermore, the treasury and risk management application market in Latin America is also expected to witness significantly high growth. The market value of treasury and risk management applications in Eastern Europe is projected to register a total incremental opportunity of US$ 744.0 Mn. However, by the end of 2020, the North American treasury and risk management application market is expected to continue to dominate the global treasury and risk management application market due to the large presence of treasury and risk management application providers as well as a strong platform for the growth of the IT finance industry in the region.

Key Segments

Key Regional Markets

By Component
- Software
- Service
  - Professional Services
  - Consulting Services
By Application
- Account Management
- Cash and Liquidity Management
- Compliance and Risk Management
- Financial Resource Management
By Deployment Type
- On-premise
- Cloud

Key Regional Markets

North America Treasury and Risk Management Application market
- U.S.
- Canada
Latin America Treasury and Risk Management Application market?
- Brazil
- Mexico
- Rest of Latin America
Western Europe Treasury and Risk Management Application market?
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe Treasury and Risk Management Application market?
- Russia
- Poland
- Rest of Eastern Europe
SEA and other of APAC Treasury and Risk Management Application market
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
Japan Treasury and Risk Management Application market?
China Treasury and Risk Management Application market?
MEA Treasury and Risk Management Application market?
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA

To gain more insights into the market with a detailed table of content and figures, click here: https://www.futuremarketinsights.com/toc/rep-gb-3156

According to FMI analysis, the launch of advanced intelligent treasury and risk management applications by treasury and risk management application providers as well as strategic collaborations, acquisitions and mergers will help increase the overall corporate revenue in the global treasury and risk management application market. Examples of some of the market participants in the global treasury and risk management application market report are SAP SE; Oracle Corporation; FIS; Sage Group Plc; Kyriba Corporation; PREFIS, JSC; Openlink; ION; MORS Software; Wolters Kluwer; Fiserv, Inc.; PwC; Reval; Broadridge Financial Solutions, Inc.; and Calypso, among others.

About FMI