Market Research Blog – Page 1386 – New Product Development

Food Starch Market Expected to Flourish, Valuation to Soar to USD 28.83 Billion by 2033 with a 3% CAGR

The Food Starch Market is experiencing robust growth, driven by increasing demand for convenience foods and processed products. As consumers seek healthier options, manufacturers are utilizing food starch to create clean-label and gluten-free products. Additionally, technological advancements and expanding food industries in emerging markets are propelling the market’s expansion.

The food starch market is forecasted to garner revenue of US$ 28.83 billion in 2033, up from US$ 20.92 billion in 2023, advancing at a rate of 3% from 2023 to 2033.

The global market for food starch has been witnessing remarkable growth in recent years, driven by factors such as increasing consumer demand for convenience foods, rising health consciousness, and a growing preference for natural and clean-label products.

Food starch, derived from various sources including corn, wheat, potato, and tapioca, is widely used in a range of food applications such as bakery, confectionery, dairy, sauces and dressings, and snacks.

One of the key trends in the food starch industry is the rising demand for clean-label products in recent years.

Consumers today are more concerned about the ingredients used in their food and are actively seeking products with natural and recognizable ingredients. This has led to a surge in demand for food starch free from artificial additives, preservatives, and genetically modified organisms (GMOs).

Food manufacturers are responding to this trend by incorporating clean-label starches into their formulations, offering consumers healthier and more transparent food options.

Another significant trend in the market for food starch is the growing popularity of gluten-free and non-GMO starches.

With the increasing prevalence of gluten intolerance and the rising consumer preference for non-GMO foods, the demand for starches that cater to these dietary needs has witnessed a substantial upswing.

Manufacturers are developing innovative gluten-free starches sourced from alternative grains and utilizing non-GMO crops to meet the diverse dietary requirements of consumers.

The market is not without its challenges. The limited availability of raw materials and price fluctuations pose significant constraints to market growth.

The complex regulatory landscape and stringent food safety standards necessitate careful compliance by industry players. However, these challenges also present opportunities for innovation and strategic partnerships within the industry.

The food starch industry is poised for substantial growth, driven by increasing consumer demand for healthier and functional food products.

Key market players are investing in research and development activities to introduce novel starch-based ingredients that enhance food products’ texture, stability, and nutritional profiles.

The strategic collaborations and mergers between companies are expected to fuel market expansion further and foster the development of innovative solutions.

Key Takeaways:

The food starch market value reached US$ 20.12 billion in 2022, with a CAGR of 2.2% from 2018 to 2022.
The market in the United States accounted for a 24.3% share in 2022 on a global level.
The United Kingdom food starch industry is projected to advance at 2.8% CAGR from 2023 to 2033.
The market for food starch in Japan accounted for 1.2% of the market share in 2022.
India market for food starch is predicted to progress steadily with a CAGR of 4.5% during the projected period.

How is the Competition Structured in the Food Starch Industry?

The food starch industry is highly competitive, with players vying for market share and striving to differentiate themselves.

Key aspects of the competition in this industry include product differentiation, research and development, quality assurance, customer relationships, and market expansion strategies.

Competitors in the food starch industry focus on offering unique starch varieties derived from different sources. They invest in research and development to innovate and enhance functional properties. Rigorous quality control measures ensure high product quality.

Competitors’ key priority is building strong customer relationships through personalized solutions and exceptional service. They expand their market presence through strategic initiatives like mergers, acquisitions, and partnerships. These actions drive growth and enable access to new markets in the competitive food starch industry.

In this dynamic landscape, companies are driven to continuously innovate, maintain high standards, and foster strong customer loyalty to gain a competitive edge and thrive in the food starch market.

Thorough Market Evaluation: Full Report

Segmentation Analysis

By Type:

Modified Starch
Native Starch

By Source:

Maize
Wheat
Potatoes
Other

By Application:

Animal Feed
Bakery and Confectionery
Beverage
Cosmetics

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Alternative Protein Market Set to Surge: Projected to Hit USD 423 Billion by 2033 with 19% CAGR | Future Market Insights, Inc.

The alternative protein market is estimated to secure a valuation of US$ 76.3 billion in 2023 and is predicted to reach US$ 423 billion by 2033. The market is estimated to capture a CAGR of 19% during the forecast period.

Which Top Sectors Are Progressing in the Global Market?

Several sectors significantly progressing in the global market are, as follows:

Plant-based Meat: The plant-based meat sector plays a vital role in the global market by launching and innovating plant-based substitutes. Companies such as Impossible Foods and Beyond Meat are developing plant-based chicken nuggets, burgers, and other alternatives. These companies offer the experience of traditional animal-based meat by adding texture, taste, and cooking methods.
Plant-based Dairy: Plant-based dairy produce products include cheese, milk, yogurt, and ice cream. The plant-based dairy sector innovates and produces milk, including soy, almond, oats, hemp, and others. These companies that are adding flavor to attract consumers are Califia Farms, Oatly, and Miyoko’s Creamery.
Cultured Meat: Cultured meat produce meat products without traditional animal agriculture. This sector is rapidly advancing, with companies such as JUST, Memphis Meats, and Mosa Meat developing a significant role in the global market. Cultured meat reduces the environmental impact by producing meat and addressing concerns about animal welfare.
Alternative Seafood: The alternative seafood sector is rapidly growing, and concerns about overfishing, declining ecosystems, and destructive fishing practices. Companies such as New Wave Foods, Good Catch, and BlueNalu are a few seafood alternatives providing crab, fish, and shrimp. They add traditional food methods and offer sustainability by adding taste and texture.

These sectors are aggressively expanding the global market significantly through their innovations, advanced technologies, and various flavor food ingredients development.

Key Takeaways:

The alternative protein market is estimated to secure a CAGR of 19% with a valuation of US$ 423 billion during the forecast period.
The United States is anticipated to capture a share of 13.4% during the forecast period.
Japan is capturing a share of 2.9% in the global market by 2033.
By capturing a share of 2.7%, Germany significantly drives the global market during the forecast period.
Australia is securing a share of 2.6% in the global market by 2033.
During the forecast period, China is registering a CAGR of 5.3% in the global market.

How Key Players are Adopting Strategic Innovations to Drive the Global Market?

The market is highly fragmented by the number of essential players present globally. These players are investing their million-dollar amount in research and development activities. The key players are innovating advanced and unique products to satisfy consumers’ requirements.

Key players are significantly focusing on developing unique products by taking their efforts by analyzing the market. They are adopting various marketing methodologies to drive the market to another height: mergers, collaborations, product launches, and agreements.

Detailed Market Study: Full Report and Analysis

Recent Developments in the Global Market are:

In 2021, Royal DSM NV announced its completion of the acquisition with Vestkorn Miling. This acquisition expanded the company’s portfolio in alternative protein in Europe.

Key Companies Profiled:

Cargill Incorporation
Royal DSM NV
AMCO Proteins
Puris
Axiom Foods
Darling Ingredients
Innovafeed
Lallemand Inc
Hamlet Protein
Archer Daniel Midland Company
AB Mauri
Soja Protein
Angel Yeast
Calysta Inc.

Market by Categorization:

By Source:

Insect-based
Microbial-based
- Bacteria
- Yeast
- Algae
- Fungi
- Others
Plant-based Alternative Protein
- Soy Protein Isolates
- Soy Protein Concentrates
- Fermented Soy Protein
- Duckweed Protein
- Others
Other Alternative Protein Sources

By Application:

Food & Beverage
Cattle
Aquaculture
Animal Feed
Pet Food
Equine
Other Applications

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

L-Lysine Hydrochloride (HCL) Market Insights: Growth Projections and Forecast through 2032

Demand for L-Lysine Hydrochloride (HCL) is expected to reach US$ 240.6 million in 2022 and is projected to increase at a CAGR of 4.2% to US$ 341.7 million from 2022 to 2032. The increase in mouth-related issues and injuries is blamed for growth.

L-Lysine HCL is a revolutionary white color powder that heals human body and provides essential nutrition to it. It is an essential amino acid for humans and must be supplied in the diet at 12mg per Kg of human body weight. Almost all the foods available on our planet have sufficient amount of L-Lysine HCL which makes it abundant on the planet and easy to be extracted. L-Lysine HCL is tending to become a major market player in the food industry because of its positive effects and vast requirement. Athletes, fighters, and other sports player have to check and maintain their L-Lysine HCL levels continuously, deviation from standard levels may lead to injuries or sickness and diseases. L-Lysine HCL was first introduced in 1955 after approval from FDA.

L-Lysine HCL is commonly used to treat mouth and genital lesions caused by herpes simplex virus. Taking L-Lysine HCL can speed up the recovery from herpes infection. Also, it is used in curing shingles caused by herpes zoster viruses. The human body does not produce L-Lysine HCL because of which it needs to be taken by diet or supplement. L-Lysine HCL is massively added in animal food, which is a major factor for the growth of its market.

L-Lysine HCL is extremely helpful in intestinal absorption of calcium and also eliminates its exertion by kidney which makes it useful for the treatment of osteoporosis. Currently, scientists are studying its effects on increasing muscle mass, lowering glucose, improving anxiety and treat angina. It is commonly used to treat pain and to detoxify the body after heroin use. In next ten years, L-Lysine Hydrochloride (HCL) Market is expected to witness an escalating demand among the consumers and clinics because of its vast usage.

L-Lysine HCL: Market Dynamics

L-Lysine HCL market is mainly driven by the increasing applications for curing various diseases in human body. L-Lysine HCL is an essential part of our diet and thus will foresee a high demand in future because of its applications in almost all the types of processed foods. Protein powder, vitamins and mineral drinks, processed meat, breakfast cereals and other processed foods will be responsible for L-Lysine HCL demand in future. Apart from processed food, its medicinal use will drive the market growth because of its increasing applications in curing diseases. Rising mouth related problems and injuries, rising accidents level, increasing osteoporosis cases are the primary drivers for L-Lysine HCL market. L-Lysine HCL is commonly consumed in powder form and tablets. Animal food, especially for pigs, chicken, goat, and sheep, cow and buffalo, contains L-Lysine HCL which will drive the market in upcoming years.

However, L-Lysine HCL comes along with some restraints. L-Lysine HCL might increase the level of Aminoglycoside toxicity, effects patients with liver and kidney impairment, can cause an adverse reaction in gastrointestinal diseases such as diarrhea, nausea, and abdominal pain. In some cases, Fanconi syndrome and tubulointerstitial nephritis are developed when L-Lysine HCL is taken for consecutive five years.

L-Lysine HCL market has an opportunity towards the advancements in the area of processed food and animal food which will give pace to the market growth of L-Lysine HCL for next ten years. L-Lysine HCL will be heavily used in healthcare as an alternative medicine for curing many diseases that will boost the market in future.

L-Lysine HCL: Segment Outlook

L-Lysine HCL market can be segmented by source which the include Fruits, Vegetables, Dairy products, Meat, and Others. Most commonly used L-Lysine HCL sources are milk, meat, and eggs as they are rich in protein. L-Lysine HCL market can also be segmented on the basis of applications which includes Human food [Processed Meat (Processed Bovine Meat, Processed Poultry Meat, Processed Goat and Sheep Meat), Processed Food (Breakfast Cereals, Oats and other grains, Processed dairy products and Others), Beverages (Fruit Juices, Sparkling drinks and Others), Protein, Vitamins and Mineral powder and drinks (Protein Powder, Whey protein and Others)], Pet food (Cow and buffalo food, Dog food, Cat food, Pig Food and Others), Pharmaceutical and Others.

L-Lysine HCL: Regional Outlook

Regional coverage for L-Lysine HCL market includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East and Africa (MEA) and Japan. L-Lysine HCL market will witnesses a high demand in APEJ because of the large consumer base and investment in pet food market. The market in India and China are still at growth stage which will fuel the market for next ten years in the region.

L-Lysine HCL: Market Players

The market players in L-Lysine HCL market are Ajinomoto, CJ Bio, ADM, Global Bio-chem Technology, EPPEN Biotech, Meihua Group, COFCO Biochemical, Evonik and many more.

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 geography, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

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.

Detailed Market Study: Full Report and Analysis

L-Lysine HCL: Market Segmentation

L-Lysine HCL market can be segmented on the basis of source, which include:

Fruits
Vegetables
Dairy products
Meat
Others

L-Lysine HCL market can be segmented on the basis of applications, which include:

Human food
Processed Meat
Processed Bovine Meat
Processed Poultry Meat
Processed Goat and Sheep Meat
Processed Food
Breakfast cereals
Oats and other cereals
Processed dairy products
Beverages
Fruit juices
Sparkling drinks
Protein, Vitamins and Mineral powder and drinks
Protein powder
Whey protein
Pet food
Cow and buffalo food
Dog food
Cat food
Pig food
Pharmaceutical
Others

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Wine Extract Market Outlook: Unveiling Key Drivers, Trends, and Challenges for the Next Decade

The global wine extract market was worth US$ 43.6 Million in the year 2022 and is expected to reach US$ 66.3 Million by the year 2032 at a CAGR of 5.2% between 2022 and 2032.

Wine extracts are known for rendering several health benefits. Red wine is also a good antioxidant. These days, wine extracts are termed as ‘resveratrol’. It comes across as a phytoalexin found in various kinds of plants. It’s actually a flavonol constituting group of flavonoids. Coming to grapes, resveratrol could be located in their skin, stem, and leaves. The body’s efficient defensive system obtained through intake of wine is unparalleled.

The end-consumers of wine extract comprise pharmaceuticals, cosmetics, dietary supplements, and food & beverages. These multiple applications are likely to take the wine extract market to a new ‘high’ going forward.

The cosmetics vertical is actually experiencing robust demand as well as growth and expected to substantiate going forward. This could be credited to growing awareness regarding skincare. The key participants are introducing their novel skin care products containing wine extract as one of the active ingredients.

Additionally, anti-aging creams are being adopted with population being extra-conscious regarding skin care. Research states that wine extract is abreast with certain exclusive properties; such as it does stimulate eNOS activity; thereby preventing blood clotting, LDL cholesterol’s oxidation, and reducing risk of Alzheimer’s disease.

The versatility of wine extracts also lays in the fact that they help in exercising control over obesity.

At the same time, the fact that excessive consumption of wine extracts could result in breast cancer can’t be ignored. Plus, wine extract is known for its anti-coagulation properties; which implies that the one who is on blood thinner medication could contract excessive bleeding in case of getting injured on intake of wine extract. These factors could restrain the wine extract market in the forecast period.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Wine Extract market’. The team of analysts and consultants is there to deploy a 360-degree approach in its primary, secondary, and tertiary modes of research.

“With realization of the fact that wine extracts are used to render protection against several kinds of cancer, liver-related ailments, and likewise, the global wine extract market is likely to flourish in the upcoming period”, says an analyst from Future Market Insights.

Comprehensive Market Insights: Full Report Overview

Key Takeaways from Wine Extract Market

Wine is amongst an indispensable part of the European cultures and this trend is ongoing. The working class are there to include wine in diet, occasional drinks, and house parties. As per the European Association of Wine Economists and the Chaire Vins et Spiritueux de INSEECU dated May 2020, frequency of wine consumption has increased on significant counts in Spain in particular. Coming to retail, consolidation is seen in supermarkets as well as restaurants. Smaller brands tend to have a tough time in gaining placement on shelves and also on wine lists. As a result, supermarkets do account for a notable market share.
North America and the Asia-Pacific are expected to witness steadiness in the wine extract market in the near future.

Competitive Extract

Symrise, in April 2022, did announce launching Diana food portfolio brand related to natural health actives. This portfolio comprises a wide range of sustainable and trusted natural health ingredients.
Constellation Brands, in July 2020, did acquire Empathy Wines (a direct-to-consumer wine brand) with the objective of winning the space on the digital shelves. Sovos ShipCompliant, an alcohol beverage compliance firm, has mentioned that 6.6 Billion cases were sold on direct basis to the consumers in the year 2019.

What does the Report extract?

The research study is based on form (powder, capsule, and liquid), by application (food & beverages, pharmaceuticals, cosmetic & personal care products, dietary supplements, and others).
With growing applications of wine extract in dietary supplements and cosmetics, the global wine extract market is likely to grow on an exceptional note going forward.

About Future Market Insights (FMI)

Kid Snacks Market Anticipated to Expand to USD 131.7 Billion by 2033, Fuelled by a 7.8% CAGR

The kid snacks market is predicted to develop at an impressive 7.8% CAGR from 2023 to 2033, preceding the lower 2.7% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the Kid Snacks market, increasing the market value from US$ 61870.9 million in 2023 to US$ 131706.7 million by 2033.

Small servings of processed convenience foods with salt, sugar, and preservatives are commonly taken as snacks in between meals. While beverages like cold drinks and juices are not normally categorized as snacks, kid snacks specifically target youngsters.

The market for kid’s snacks is expanding globally due to rising parental worries about children’s health and greater rivalry among businesses to introduce healthier snacks. Snack promotions, advertising, and online sales with alluring deals further increase the demand for kid snacks around the world.

The market for kid snacks is hampered by poor nutritional value and reliance on snacks. Concerns about plastic waste also affect growth.

Key takeaways

Due to rising disposable incomes and demand for quick and wholesome snack options for kids, India’s burgeoning kid snack industry in India is expected to experience a strong growth rate of 9% by 2033.
The kid snack market in the United Kingdom is forecast to expand steadily, with a projected compound annual growth rate (CAGR) of 7.2% by 2033, driven by increased awareness of healthy snacking options and the desire for creative, on-the-go kid snack options.
The market for kid-friendly snacks in China is anticipated to develop significantly by 2033, with a predicted CAGR of 8.4%. This growth will be supported by urbanization, a growing middle-class population, and the rising need for quick, tasty, and wholesome snacks for kids.
The Australian kid snacks market is estimated to grow at a rapid pace, with a CAGR of 12.7% by 2033, owing to a greater emphasis on health-conscious snacking options, improved parental awareness, and rising demand for organic and allergen-free snacks for children.
The kid snacks market in Japan is constantly changing despite a relatively small predicted CAGR of 4.3% by 2033, driven by shifting consumer preferences, the introduction of novel snack kinds, and a rising focus on healthier, portion-controlled options for kids.

Competitive Landscape

The leading companies in the market are constantly coming out with new kid-friendly snack options to meet shifting consumer preferences and needs. These snacks frequently place an emphasis on nutrition and health, trying to blend flavor and well-being. Companies invest significantly in R&D to produce goods that satisfy children’s taste sensibilities while meeting their nutritional needs.

Global goliaths control the market thanks to their vast distribution networks, well-known brands, and economies of scale. They have a competitive edge because of their substantial presence across several geographies, which enables them to connect with a large consumer base.

Key Companies Profiled in the market are-

Procter&Gamble, PepsiCo, Inc.
The Kraft Heinz Company
Conagra Brands Inc.
Calbee, Inc.
General Mills, Inc.
Intersnack
Lorenz Snack-World
Mondelez International, Inc.

Recent Developments

Conagra Brands Inc. displayed a selection of sweets and snacks at the Sweets & Snacks Expo in May 2022. The company is concentrating on providing salty, sweet, and meaty snacks.
In January 2021, an elementary school student’s new veggie “cube” snack was reviewed by Calbee as part of the Japanese snack company’s yearly competition to weed out noteworthy ideas.
The goal of XYZ Snacks Co. has been to produce snacks without added artificial ingredients, preservatives, or a lot of sugar or salt. They feature healthful components like whole grains, fruits, and vegetables in their snack selections to make sure that kids get the nutrients they need while munching on their snacks.

In-Depth Market Analysis: A Complete Report

Key Segments Profiled in the Kid Snacks Industry Survey

By Source:

Organic Kids Snacks
Conventional Kids Snacks

By Type:

Salty
Refrigerated or frozen
Confectionary
Bakery
Vegetable
Fruit
Nut based

By Distribution Channel:

Sales via Supermarkets/Hypermarkets
Sales via Online Stores
Sales via Specialty Stores
Sales via Grocery Stores
Sales via Convenience Stores

By Region:

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

About Future Market Insights (FMI)

Carbon Fiber Reinforced Plastics: Driving Innovation in Aerospace, Automotive, and Wind Energy

The global carbon fiber reinforced plastic (CFRP) market (Markt für kohlenstofffaserverstärkten Kunststoff CFK) is projected to expand significantly, with its size anticipated to reach USD 9,416.4 million by 2024 and further escalating to USD 21,886.5 million by 2034. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 8.8% over the forecast period from 2024 to 2034. The surge in demand for CFRP can be attributed to its superior properties, such as high strength-to-weight ratio, corrosion resistance, and durability, making it increasingly valuable in various industries including aerospace, automotive, and construction. As technological advancements continue and applications broaden, the CFRP market is poised for substantial growth, underscoring its critical role in the evolution of lightweight and high-performance materials.

The global carbon fiber reinforced plastic market has experienced substantial growth in recent years, driven by increasing demand for lightweight and high-performance materials. The automotive and aerospace industries, in particular, have embraced CFRP to enhance fuel efficiency, reduce emissions, and improve overall performance.

Key Drivers:

Weight Reduction and Fuel Efficiency: CFRP’s exceptional strength-to-weight ratio makes it an ideal choice for industries aiming to reduce the overall weight of their products. In the automotive sector, CFRP components contribute to fuel efficiency and lower carbon emissions.
Aerospace Advancements: The aerospace industry has been a significant driver of CFRP adoption. Aircraft manufacturers are increasingly incorporating carbon fiber composites to enhance structural integrity, reduce aircraft weight, and improve fuel efficiency.
Renewable Energy Infrastructure: The renewable energy sector has witnessed an uptick in the use of CFRP, especially in wind turbine blades. The material’s strength and fatigue resistance make it well-suited for the challenging conditions of wind energy applications.
Sports and Leisure Equipment: CFRP has gained popularity in the sports and leisure sector due to its lightweight nature and high tensile strength. It is commonly used in the production of bicycles, golf clubs, tennis rackets, and other sports equipment.

Europe Remains the Key Contributor to the Growth of the Carbon Fiber Reinforced Plastic Market

The demand for carbon fiber reinforced plastic is high in the wind energy, aerospace, defense, and other end-use industries. Europe is expected to have the most market share for carbon fiber reinforced plastic in this industry. The increase in Airbus aircraft deliveries is the main factor driving the demand for carbon fiber reinforced plastic in Europe. Europe leads the world’s market for carbon fiber reinforced plastic offshore wind energy installations.

The expansion of the European carbon fiber reinforced plastic market is attributed to the large number of electric car manufacturers, as carbon fiber reinforced plastic improves the electrical and mechanical qualities of electric drive trains while also drastically reducing their weight.

Key Companies Profiled

Solvay S.A.
DowAksa Advanced Composites Holdings B.V.
Formosa Plastics Corporation
Hexcel Corporation
Jiangsu Hengshen Fibre Material Co., Ltd.
Mitsubishi Rayon Co. Ltd.
Hyosung Advanced Materials
Cytec Industries Inc.
SGL Carbon SE

Market Segmentation of the Carbon Fiber Reinforced Plastic Market

By Raw Material Type:

PAN Based
Pitch Based
Others

By Type:

Thermoplastic
Thermosetting

By End Use:

Automotive
Wind Turbines
Sports Goods
Building & Construction
Military & Defence
Aerospace
Others

Carbon Fiber Reinforced Plastics: Driving Innovation in Aerospace, Automotive, and Wind Energy – Discover Detailed Findings in the Complete Report!

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Polyurethane Coatings: A Sustainable Solution for the Growing Construction and Automotive Sectors

The polyurethane coating market (mercado de recubrimientos de poliuretano) is poised for significant expansion, with its value anticipated to reach USD 20.9 billion by 2024. This growth trajectory is expected to continue robustly over the next decade, driven by a compound annual growth rate (CAGR) of 5.6% from 2024 to 2034. By the end of this period, the market is forecasted to achieve a valuation of USD 36.0 billion. This promising outlook underscores the increasing demand for polyurethane coatings across various industries, driven by their durability, versatility, and performance attributes.

Polyurethane coatings are becoming increasingly popular in the market due to their eco-friendly nature and low VOC content. The construction industry, a major end-user, is witnessing significant growth in emerging economies, leading to a rise in demand for these coatings.

The superior mechanical properties and high resistance to harsh environments make polyurethane coatings a preferred choice for the automotive and aerospace sectors. Additionally, with the growing need for sustainable coatings, the polyurethane coating market is expected to experience substantial growth in the coming years, offering lucrative opportunities for market players.

Apart from offering superior performance, polyurethane coatings also provide exceptional durability, abrasion resistance, and chemical resistance, making them suitable for a wide range of applications. The continuous development of advanced polyurethane coating technologies, such as waterborne and solvent-borne coatings, is further driving market growth.

The medical and healthcare industries are also increasingly using these coatings for devices, equipment, and facilities, creating new avenues for market players. With their numerous benefits and versatility, polyurethane coatings are expected to continue gaining popularity in various industries.

“The demand for high-performance coatings is on the rise, especially in the automotive industry where protecting vehicles against harsh weather conditions, scratches, and other types of damage is a top priority. This presents an excellent market opportunity for manufacturers who can develop coatings that offer superior protection and durability, as they are likely to attract a vast number of customers seeking high-quality products,” says an analyst at FMI.

Key Takeaways from the Polyurethane Coating Market

The polyurethane coating market is estimated to register a CAGR of 5.6%, with the market valuation reaching US$ 36.0 billion by 2034.
The solvent-borne segment is anticipated to dominate the market by registering a 5.4% CAGR from 2024 to 2034.
With an estimated 5.2% CAGR, the automotive end user segment is set to drive the market from 2024 to 2034.

Competitive Landscape

In the polyurethane coating market, there is intense competition among various players, with a few leading companies dominating the industry. To stay ahead of the competition, companies are continuously working on new and innovative products. Apart from the major players, there are also smaller players who cater to specific niches by offering specialized products. As the market is expected to grow in the upcoming years, competition in the industry is likely to intensify further.

Recent Development in the Polyurethane Coating Market

In 2021, VersaFlex, a leading provider of coatings including polyurethane for various applications such as transportation, industrial, water, and wastewater infrastructure, was acquired by PPG Industries, Inc. The acquisition was finalized recently, and VersaFlex was previously owned by DalFort Capital Partners.

Key Market Players

PPG Industries
AkzoNobel
Sherwin-Williams
BASF SE
Axalta Coating Systems
Jotun A/S
Hempel A/S
Sika AG
RPM International
The Valspar Corporation

Market Segmentation of the Polyurethane Coating Market

By Technology Type:

Solvent-borne
Water-borne

By End User:

Automotive
Aerospace
Household
Construction
Electronics

By Region:

North America
Latin America
East Asia
South Asia
Europe
Oceania
MEA

Polyurethane Coatings: A Market on the Rise—Gain Detailed Insights by Reviewing the Complete Report!

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Navigating the Lithium Hydroxide Market: Key Drivers and Challenges in the Era of Sustainable Energy

The global lithium hydroxide market (Lithiumhydroxid-Markt), valued at USD 1582 million in 2024, is projected to experience robust growth with a compound annual growth rate (CAGR) of 6.7% over the next decade. By 2034, the market is anticipated to reach USD 3026 million. This growth is driven by increasing demand for lithium-ion batteries, particularly in the electric vehicle (EV) sector, alongside advancements in energy storage technologies. The expanding applications of lithium hydroxide in various industries, coupled with supportive government policies promoting sustainable energy solutions, further bolster the market’s upward trajectory.

Lithium hydroxide, a compound derived from lithium, plays a pivotal role in the production of high-performance lithium-ion batteries. These batteries are extensively used in electric vehicles, portable electronics, and renewable energy storage systems. The increasing adoption of electric vehicles, coupled with the growing demand for clean energy solutions, has propelled the lithium hydroxide market to new heights.

Key Drivers:

Electric Vehicle Surge: The automotive industry’s transition towards electric mobility is one of the primary drivers of the lithium hydroxide market. As countries worldwide implement stringent emission regulations and consumers shift towards sustainable transportation, the demand for lithium-ion batteries, and consequently lithium hydroxide, has skyrocketed.
Renewable Energy Boom: The expansion of renewable energy sources, such as solar and wind power, has further fueled the demand for lithium hydroxide. Large-scale energy storage projects utilize lithium-ion batteries to store excess energy generated during peak production periods, contributing to grid stability and facilitating the integration of renewable energy into mainstream power systems.
Technology Advancements: Ongoing advancements in battery technology and manufacturing processes have improved the efficiency and performance of lithium-ion batteries. As a result, manufacturers are increasingly favoring high-nickel cathode chemistries, which rely on lithium hydroxide as a key component.
Energy Storage Solutions: The need for reliable energy storage solutions is growing in tandem with the expansion of intermittent renewable energy sources. Lithium hydroxide’s superior performance in high-energy-density batteries positions it as a preferred choice for stationary energy storage applications.

Lithium Hydroxide Market Key Players

SQM
FMC Corporation
Albemarle Lithium
Jiangxi Ganfeng Lithium
Shandong Ruifu Lithium
Leverton Lithium
Sichuan Brivo lithium Materials Co. ltd.
Jiangxi Dongpeng New Materials Co. ltd
Ganfeng Lithium Co., Ltd.
HELM AG
Haoxin Liyan
Brivo
Vulcan
Standard Lithium Ltd.

Key Industry Highlights: Lithium Hydroxide Market

Growing Demand from Electric Vehicles (EVs)
Advancements in Battery Technology to Propel Demand
Shift Towards High-Nickel Cathode Chemistries to Bolster Sales
Impact of Renewable Energy Trends on the Lithium Hydroxide Market
Supply Chain Vulnerabilities and Geopolitical Risks
Strategic Response to Market Dynamics

Lithium Hydroxide: Driving the EV and Renewable Energy Boom – Uncover Extensive Insights with the Full Report!

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Rising Infrastructure Projects Propel Demand for Concrete Fibers in Emerging Markets

The global concrete fiber market (marché de la fibre de béton) is anticipated to reach USD 2,177 million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2034. By the end of this period, the market value is expected to climb to USD 5,518 million, driven by increasing demand in construction and infrastructure projects.

The top driving force of the industry is the growth of the construction sector. The construction industry is expanding rapidly, particularly in emerging economies like China, India, and Brazil. The increasing demand for residential and commercial buildings, roads, bridges, and other infrastructure projects is fueling the demand for concrete fiber. The use of concrete fiber in construction is becoming increasingly popular due to its numerous benefits.

With the growing awareness of environmental issues, there is a rising demand for eco-friendly construction materials. Concrete fiber is considered sustainable and eco-friendly as it reduces the amount of cement and other materials needed in construction. The use of concrete fiber also reduces the carbon footprint of construction projects, making it an attractive option for builders and architects.

The implementation of infrastructure projects, such as bridges, highways, airports, and ports, is increasing worldwide. These projects require durable and strong construction materials, and concrete fiber is an ideal option due to its high tensile strength and durability. The use of concrete fiber in infrastructure projects also helps reduce maintenance costs and extends the life of the structures.

“The benefits of concrete fiber, such as increased strength, durability, and reduced cracking, are becoming more widely recognized in the construction industry. As a result, more builders and architects are incorporating concrete fiber into their projects. The growing awareness of the benefits of concrete fiber is driving the demand for this material in the construction industry.” Says an analyst at FMI.

Key Takeaways from the Concrete Fiber Market

The concrete fiber market is estimated to register a CAGR of 9.70%, with its valuation reaching US$ 5,518 million by 2034.
The synthetic fiber segment is anticipated to dominate the market, holding a market share of 36.2% in 2024.
The market in the United States is estimated to rise at a CAGR of 5.5% during the forecast period.
The market in Germany is estimated to progress at a CAGR of 4.6% through 2034.
The United Kingdom’s market is predicted to advance at a 3.8% CAGR between 2024 and 2034.

Competitive Landscape

The concrete fiber market is fiercely competitive, with numerous players striving to increase their market share. To keep up with the latest developments, key players are introducing product lines that can compete with the newest materials. Additionally, stakeholders are making significant investments in branding and forming partnerships with construction companies, resulting in increased sales and profit margins.

Recent Development

In 2021, through a partnership with CiDRA Concrete Systems Inc., KA AG expanded its operations in Canada and the USA. This collaboration will enable constructors to access the latest information on a myriad of building materials. With this new venture, IKA AG and CiDRA Concrete Systems Inc. will collaborate to deliver top-notch products and services to customers across North America.

Top Key Players in the Concrete Fiber Market

BASF SE
Sika AG
Owens Corning
GCP Applied Technologies Inc.
The Euclid Chemical Company
CEMEX S.A.B. de C.V.
Fibercon International Inc.
Bekaert SA
ABC Polymer Industries LLC
Nycon Corporation

Key Segments

By Product Type:

Depending on the product type, the industry is categorized into steel fiber, synthetic fiber, glass fiber, natural fibers, and basalt fibers. The synthetic fiber category is further divided into polypropylene, nylon, polyester, and other synthetic fibers.

By End Use:

Key end-use industries of concrete fiber include residential, industrial & commercial infrastructure, roads & bridges, and others.

By Region:

A regional examination is conducted of the industry in North America, Latin America, Europe, South Asia, East Asia, Oceania, as well as Middle East and Africa.

Concrete Fibers in Modern Infrastructure: Get the Complete Market Analysis—Access the Full Report Now!

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Curling Irons Market Expected to Advance at a CAGR of 7.1% by 2033: Exploring Demand-side Trends

During the forecast period, the global curling irons market is expected to advance at a CAGR of 7.1%. In 2023, the market size is estimated to be at USD 2,471.5 million, with the valuation expected to surge beyond USD 4,918.2 million by 2033.

Key factors

Technological advancements drive innovation and improvement in various industries, leading to the development of new products with advanced capabilities.
New product launches with enhanced features and functionalities contribute to market growth and consumer interest, as they offer improved performance and user experience.
The growing influence of social media platforms plays a significant role in shaping consumer preferences and purchasing decisions, as users rely on social media for product recommendations, reviews, and trends.

With rapid urbanization, there has been a surge in the disposable income. This has led to people investing huge amounts in order to improve their personalities. This has led to the massive growth of personal development market which is expected to be valued at US$ 49 billion in 2023. This as well is expected to increase the demand for curling irons in the future.

The manufacturers are investing in the latest technology, and research and development in order to develop smaller, lighter and robust curling irons. This may even lead to the reduction of the overall cost.

Key Takeaways:

In 2023, the valuation is expected to be US$ 2,471.5 million.
The market is projected to record a CAGR of 7.1%.
By 2033, the numbers may breach US$ 4,918.2 million.
On the basis of regional analysis, North America is expected to be the dominant market.
The United States held a market share of 80.4% in North America region.
Germany held a market share of 18% in Europe region.
China held a market share of 39.7% in Asia Pacific region.
Japan held a market share of 39% in Asia Pacific region.
India held a market share of 25.9% in Asia Pacific region.
Australia held a market share of 64%.
On the basis of sales channel, the hypermarket/supermarket was highly sought-after segment, and held a market share of 45.1%.
On the basis of application, the commercial segment held the leading position, and had market share of 72.5%.

Competitive Landscape

The key players operating in the market are investing heavily on mergers and acquisitions. This may give them an edge in terms of market share. Moreover, the manufacturers are also making use of green materials in order to work towards sustainable development. The manufacturers are also entering into strategic collaboration in order to access new forms of technology. The key players are also bringing onboard the C-level executives who have been a part of the market for decades. This is done to implement newer strategies and garner higher market share.

Other key players profiled: Conair Corporation, Helen of Troy, Curlingiron.org, Lunata Beauty, Dyson, Revlon, Inc., Andis Company

In November 2022, Philips debuted its new AI-enhanced informatics solutions to increase diagnostic confidence with intelligence at every step of the radiology workflow at RSNA.

Complete Market Review: A Full Report Analysis

Curling Irons Market by Category

Product Type:

Curling Tongs
Curling Wands

Price Range:

Economic
Mid-Range
Premium

Material Type:

Ceramic
Plastic
Steel
Titanium
Iron

Type:

Corded
Cordless

Application:

Household
Commercial

Sales Channels:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Discount Stores
Independent Small Stores
Multi-brand Stores
Online Retailers
Other Sales Channels

Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Website: https://www.futuremarketinsights.com
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