Market Research Blog

In a recently released Future Market Insights outlook for decorative plastic and paper laminates, the global revenue is likely to observe moderate yearly growth in 2019 and approach US$ 70 Bn. “A majority of the sales of decorative plastic and paper laminates is attracted by a large number of smaller players operating in the competitive landscape. While more than half of the market value is accounted by the Tier 3 players that prominently include SMEs, a mere 10-15% share belongs to Tier 1 companies,” says a senior research analyst at the company.

Key Insights at a Glance

• A third of the total market revenue is accounted by China, followed by Eastern Europe. FMI points to remarkable progress in sales of decorative plastic and paper laminates within BRICS countries.
• Soaring demand for decorative foils and papers in the commercial sector is prominently responsible for superiority of low pressure laminates over high pressure counterparts.
• As smaller players dominate the market, the strategic focus remains on product differentiation and cost competitive pricing. Reduced VOC emissions is another important factor dictating strategic moves of manufacturing SMEs.
• Key players in decorative plastic and paper laminates landscape are currently concentrating on channelizing their efforts towards strengthening the distribution network, in addition to establish a direct sales channel.

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Rapid Recovery of Residential Housing Sector Firms up the Base for Decorative Plastic & Paper Laminates Demand

Although commercial sector currently dominates in terms of demand for decorative plastic and paper laminates, residential housing sector is likely to take over soon.

The residential construction realm has been witnessing strong signs of recovery over the past couple of years, which is playing a key driving force for the revenue growth of decorative plastic and paper laminates landscape.

Moreover, rapid growth of hospitality sector is providing a strong impetus to product innovation, thereby pushing the growth of leading bands dealing in decorative plastic and paper laminates landscape.

Commercial construction is also significantly favoring the sales decorative plastic and paper laminates, as indicated by the report.

Manufacturers of decorative plastic and paper laminates are also capitalizing on opportunities presented by a growing number of remodeling and repainting projects.

Wooden Flooring Trends among Consumers, Following Furniture & Cabinets

“Furniture and cabinets account for over half the share of total market value, whereas flooring applications are likely to gradually take over,” says the analyst.

Shifting consumer preferences for laminate flooring in both residential and commercial sectors is creating a heap of investment opportunities for manufacturers of decorative plastic and paper laminates.

“Consumers today seek endurance, scratch resistance, and aesthetics while purchasing furniture for homes or workplaces. Such factors are provide the trigger for application specific innovations in decorative plastic and paper laminates,” the analyst explains further.

Spectacular growth prospects are identified for Asia, North America and some parts of Eastern Europe.

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Mushrooming Popularity of RTA Furniture Favors Global Sales of Decorative Plastic & Paper Laminates

Constant design innovation, consistent focus on superior quality, and maximum convenience are collectively driving consumer appeal for ready-to-assemble (RTA) furniture, especially in developed markets of North America and Europe.

Manufacturers of both RTA furniture and decorative plastic and paper laminates are taking efforts to collaboratively unlock the opportunities – with an additional benefit of less susceptibility to damage during transit and shipping.

Penetration of RTA furniture into developing economies is also gradually increasing owing to relatively lower price point and maintenance cost, thereby contributing to sales of decorative plastic and paper laminates.

Digital Print Designs on Decorative Plastic and Paper Laminates Gather Considerable Momentum

Personalization has been trending across industries, and interior decoration is among the prominent ones. Customized digitally printed laminates are especially designed to cater to specific consumer demands regarding print design, pattern, and graphic.

Sheets of digital decorative plastic and paper laminates have high resolution images printed on them, and can be directly applied on furniture, doors, commercials, exhibition stands, and walls.

Digital print laminates are creating a slew of opportunities for manufacturers in the decorative plastic and paper laminates landscape.

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Decorative Plastic and Paper Laminates Market: Key Players

Some of the players reported in this study on the global decorative plastic and paper laminates market include Archidply Industries Ltd, OMNOVA Solutions Inc., Illinois Tool Works, Inc., Fletcher Building Limited, Greenlam Industries Ltd., Stylam Industries Ltd, Merino Group, Panolam Industries International, Inc., OMNOVA Solutions Inc., Illinois Tool Works, Inc. and Century Plyboards (India) Limited, among others.

Moreover, manufacturers of Decorative Plastic and Paper Laminates are channelizing efforts towards the expansion of their production capacities and strengthening their retailer and distributor network. This is expected to certainly impact the Decorative Plastic and Paper Laminates market in the near future.

For a broader look at the global decorative plastic and paper laminates landscape, write to the team of expert analysts at press@futuremarketinsights.com

Tier-1 companies in coal tar manufacturing represent 60-70% share of the total market revenue. With massive coal tar distillation capacities across the globe, these players in coal tar pitch landscape maintain their focus on both, standard grade and special grade coal tar pitch (CTP) production.

Tier 2 players have a strong presence over restricted regions, whereas that of Tier 3 competitors is limited to regional sales. Standard grade coal tar pitch is the key focus area for the latter two, according to Future Market Insight’s study on the global coal tar pitch landscape.

“Production facility expansion, strategic acquisitions, and CTP product innovation will remain the key developmental strategies trending among leading players,” says a senior research analyst at FMI. The analyst adds further, “Massive Aluminum demand from automotive and transportation sectors has been pushing the Aluminum production levels 4-5% (yearly) since the recent past. Growing demand for lightweight vehicles is among the most impactful factors driving the consumption of Aluminum, subsequently contributing to sales of coal tar pitch”.

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Long-term Contractual Partnerships & Backward Integrated Supply Rule Strategic Minds of Coal Tar Pitch Manufacturers

While manufacturers of coal tar pitch are preferring long-term supply contracts with leading coal tar manufacturers, FMI has also identified these players entering strategic partnerships with steel manufacturers, where coal tar is often the byproduct of coke processing ovens. A few other activities that make this landscape dynamic include long-term contracts between manufacturers of coal tar pitch and those of primary aluminum and graphite electrode, with a sole objective to sustain the coal tar pitch supply to end markets.

Aluminum Grade CTP Holds a Winning Revenue Share in Coal Tar Pitch Market

Application-wise, around 80% revenue share belongs to the aluminum electrode, according to the study. As coal tar pitch is increasingly being consumed by aluminum smelters lowing to higher sustainability and economic feasibility, the mushrooming Aluminum production is constantly driving the growth of coal tar pitch landscape. In 2019, the revenue of Aluminum grade coal tar pitch is pegged for over 5% Y-o-Y growth. Besides, Graphite electrode is also slated for promising performance and the application base of coal tar pitch as a chemical intermediate in carbon black manufacturing is visibly growing.

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Development of Specialized ‘Zero QI Impregnating’ Coal Tar Pitch Expands Applicability

A specialized ‘impregnating’ pitch obtained by processing coal tar at a high temperature is widely used in the Graphite industry during the electrode manufacturing process. The resultant technological advancements in the life of electrodes pushes CTP applications in roofing, coating, electrode, refractory, and others.

China Commands over Global Coal Tar Pitch Landscape, India Leads Asia Pacific’s CTP Scenario

China, India, Russia, and Western Europe have a significant aluminum production base, whereas MEA is demonstrating promising growth in coal tar pitch landscape in recent years. North America, however, is observing passive growth over the recent past, post decline in the aluminum production levels.

According to the FMI’s report, China is the global leader in coal tar pitch ecosystem owing to significant Aluminum production and thriving production levels of Graphite electrode. China is projected for a 6% year on year revenue growth by this year’s end, reflecting ample growth opportunities for coal tar pitch manufacturers.

On the other side, APAC’s market for coal tar pitch is witnessing growth concentration in India that has been attributed to an impressive rate of Aluminum production in the country.

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Coal Tar Pitch Market Structure

The global coal tar pitch market is a highly consolidated one with major players such asKoppers Inc., Rain Industries Limited, Shanghai Baosteel Chemical Co. Ltd and JFE Holdings, Inc. accounting for a 50–60% share in the global market.

Some of the other prominent players covered in the global coal tar pitch market study areCoopers Creek Chemical Corporation, Himadri Specialty Chemicals Ltd., Nippon Steel & Sumikin Chemical Co., Ltd., Shanxi Coking Company, Neptune Hydrocarbons, Bathco Ltd., China Steel Chemical Corporation, Hengshui Zehao Chemicals Co., Ltd, Shandong Gude Chemical Co., Ltd and Crowley Chemical Company Inc., among others.

Fermented Protein is produced by fermenting the protein in the in-vitro condition. This fermentation process enhances the quality of the protein by removing carbohydrates and some amino acids that are in excess. Due to the fermentation digestion of protein becomes easier and eventually benefits the gut of intestine.

Fermented Protein is widely consumed for animal feed North America and Europe are the largest Fermented Protein consumer for animal feed with over 37.6% and 30.8% market share respectively for both the region. These fermented proteins in the animal feed help animals to absorb more absorb as the feed is pre-digested and increases the digestibility of phosphate and nitrogen compound. Fermented Protein for human consumption is also gaining great attention owing to a great source of vegan protein.

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Trends and Market Dynamics: Fermented Protein

Fermented protein has a longer shelf life making it an eye-catching product for consumers. Fermented protein is an impeccable product to be on-the-go health food. As it has a longer shelf life it reduces the wastage in packaging and wastage of the product.

With increasing awareness of fermented food among the consumer, rapid growth in demand for fermented protein is observed in recent times. This will certainly make the market grow twofold in the forecasted period. Regionally, the growth in demand has started to appear in North America and will increase with time.

Fermented Protein is also gaining traction because it is vegan in nature, and the vegan population is increasing rapidly. With booming vegetarianism and a flexitarian population, demand for fermented protein is expected to grow.

Counties like Nigeria and Pakistan have recently witnessed the biggest jump in the population of vegetarians, hence these regions are expected to be the prime regions for the development of Fermented Protein Market.

Besides, this fermented protein is also gaining demand because of increasing meat and dairy need globally. Asia-Pacific is the highest meat producer in the world, with over 141.7 million metric tons, followed by America with over 104 million metric tons. These regions will gain an increased rate of demand for fermented protein for animal feed in the forecasted period.

Key Players of Fermented Protein Market

Leading players in the global fermented protein market includes

• Genuine Health
• Body Ecology, Inc
• Jarrow Formulas
• Sotru
• Amazonia Pty Ltd
• Sun Brothers
• LLC
• PlantFusion
•  Whole Earth Sea
• FIT-BioCeuticals Ltd

are some of the key players of Global Fermented Protein Market.

Innovations and Opportunities in Fermented Protein Market

Manufacturers have identified growing awareness and an increasing number of vegan, vegetarian, and flexitarian population as an opportunity to make the market grow. Responding to this increasing demand and growing trend, manufacturers are now innovating in different types of fermented protein product for the population.

For animal feed, producers are focusing on the quality of the feed. They are investing more into Research and Development for developing feed product that has even distribution of essential nutrients needed by the animals. For animal feed, Asia-Pacific and America are the potential markets where high opportunities are spotted by the manufacturers.

Manufacturers are innovating for producing various flavors and packaging with the objective to attract a population of all the ages. Flavors like brownie, banana, coconut, almond, mango, and other exotic flavors are being introduced in the market. Packaging attracts around 70% of the consumers based on the impression it leaves and becomes the key for consumers to differentiate among the products.

The Report Covers Exhaustive Analysis on:

• Fermented Protein market segment
• Fermented Protein market dynamics
• Fermented Protein market size
• Fermented Protein supply and demand
• Current trends/issues/challenges pertaining to Fermented Protein market
• Competition landscape and emerging market participants in Fermented Protein market
• Technology related to production/processing of Fermented Protein
• Value chain analysis of the Fermented Protein market

Regional Analysis Includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

The Fermented Protein market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Fermented Protein market report projects the attractiveness of each major segment over the forecast period.

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Highlights of the Fermented Protein Market Report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the Fermented Protein market
• Recommendations to companies for strengthening their foothold in the Fermented Protein market

Fermented Protein: Market Segmentation

Type :

• GMO-free
• Gluten-free
• Soy-free
• Vegan
• Flavors

Application :

• Food & beverage
• Feed
• Pharmaceuticals
• Others

Distribution Channel :

• B2B
• B2C
  • Online Stores
  • Retail Stores
    • Convenience Stores
    • Hypermarket/Supermarkets
    • Specialty Stores
  • Others

 

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.

Contact Us:                                                      

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United Arab Emirates
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Website: https://www.futuremarketinsights.com

 

Global infrastructural development has reached newer heights in the last few years, with massive constructions – both residential and commercial – mushrooming across both Tier 1 and Tier 2 cities across the world. This has led to impressive growth of the global building and construction industry and as a consequence positively impacted revenues of ancillary industries. Plywood is an inherent component of the construction industry – being widely used in manufacturing readymade and customised furniture.

“Growth in global consumption of plywood is pegged to increase at a decadal rate of 4.6% to reach 164,402 cubic meters by the end of 2022. This growth is attributable to the continuous demand from end-use industries especially the furniture production industry.” — Future Market Insights

Future Market Insights (FMI) throws light on some of the key factors boosting revenues in the global market for plywood. Plywood finds increasing use across diverse applications ranging from furniture, flooring, and packaging of high-value goods. This is anticipated to boost sales of plywood in the global market, according to Future Market Insights forecasts. A growth in residential and commercial spaces across the world has further boosted the demand for readymade and aesthetically designed furniture, incorporating extensive use of plywood. With people opting for designer furniture, the demand for plywood from the furniture industry is already peaking and this is anticipated to augment revenues in the global plywood market.

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Besides, there is an increasing global phenomena promoting the use of wood and wood based products in the construction of both residential as well as commercial buildings. This trend is being supported by laws enforced at the administrative level. For instance, Japan’s “Act for Promotion of Use of Wood Products in Public Buildings, 2010” seeks to encourage the use of plywood in the construction sector. Global construction projects focusing on wooden skyscrapers such as the Oakwood Timber Tower are also expected to positively impact demand for plywood in the coming years.

Wood and wood based products such as plywood are eco-friendly in nature, encouraging the plantation of trees to meet the rising demand. Plywood and other ancillary wood products contribute to environmental protection. This is another factor acting in favour of the plywood market.

This study by FMI on the plywood market further identifies the growing importance of plywood in the global packaging industry as a key demand driver. “Plywood has enhanced mechanical strength besides being lightweight in nature. Plywood is also reusable and helps save on costs. This makes plywood the best packaging option for various types of products. With the current ban on plastic for product packaging, plywood is being increasingly adopted as a highly effective raw material to package different types of goods. This is expected to boost revenues in the global plywood market.”

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Key Companies Profiled

• Weyerhaeuser Company
• Boise Cascade Company
• Greenply Industries Limited
• Georgia-Pacific, LLC
• Uniply Industries Ltd
• JAYA TIASA HOLDINGS BERHAD
• UPM-Kymmene Oyj
• SUBUR TIASA HOLDINGS BERHAD
• Sveza-Les LLC

Lucrative Opportunities Lie in the African Timberlands for both Existing Players and New Market Entrants

The presence of vast expanses of land in Africa coupled with the overall low costs of maintenance and production in the region make Africa a very attractive choice for the growth of forestry and the manufacturing of wood products, particularly plywood. Manufacturers in the global plywood market are looking at lucrative growth prospects in the African continent, given the region’s huge natural timberlands and mature plantations. Harvesting of plywood in the African forests is both cost-effective and environment friendly. This is boosting the setting up of backward integrated units manufacturing plywood, hence creating highly lucrative opportunities for players in the global plywood market.

Massive growth of the global construction industry has resulted in the pumping in of huge infrastructure investments by both private sector and public sector enterprises. This is likely to broaden the horizon for regional manufacturers of plywood with endless possibilities for revenue growth.

Adoption of Plywood in Digital Printing Trending the Global Market

Plywood is increasingly finding application as a substrate in high-scale inkjet printing projects. Plywood is used as an alternative to aluminium and plastic sheets owing to its non-reflective nature. Digitally printed plywood serves as an excellent substitute for several outdoor applications such as fence and road signs, as it is highly durable. This is the latest trend dotting the global plywood landscape, pushing revenues in the global market.

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Key Segments Covered in Plywood Industry Research

By Grade :

• MR Grade Plywood
• BWR Grade Plywood
• Fire Resistant Grade Plywood
• BWP Grade Plywood
• Structural Grade Plywood

By Wood Type :

• Softwood
• Hardwood

By Application :

• Plywood for Furniture
• Plywood for Flooring & Construction
• Plywood for Automotive Interiors
• Plywood for Packaging
• Plywood for Marine Use
• Others

Future Market Insights (FMI) delivers key insights on the global metallic stearates market, in its upcoming outlook titled, ‘Metallic Stearates Market: Global Industry Analysis 2017-2021 and Opportunity Assessment 2022-2028‘. In terms of value, the global metallic stearates market is projected to register a healthy CAGR of 4.1% during the forecast period, due to various factors, regarding which, FMI offers vital insights in detail.

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The expanding rubber industry, globally, rise in the demand for PVC (polyvinyl chloride) and other types of polymers in end-use industries, increasing usage of metallic stearates in a variety of applications such as calendaring, crystalline film, ceramic, adhesives and sealants, medical devices, coated fabrics, roofing materials, and others are some of the factors accelerating the demand for metallic stearates in the market. There is extensive use of metallic stearates such as calcium and zinc in the rubber industry. The unique properties of metallic stearates such as low melting point, water repellency, lubricity, and hydrogen solubility make them useful for various purposes. These unique properties allow metallic stearates to be used in several applications. Additionally, metallic stearates are also used as dry lubricants in the plastic industry. In the polymer and plastic industry, metallic stearates are added to resin particles to facilitate lubrication.

Inorganic growth at a regional level enables companies to enhance their market presence and customer base, coupled with expanding technological capabilities and the need to achieve higher economies of scale. Through mergers and acquisitions, key players have increased their production capacity and market share, thus, increasing the new entry-level barriers in the market. Moreover, in various applications such as plastics and rubber, calcium stearates are used as lubricants in the development of resin-coated and for metal casting by the shell molding technique. Metallic stearates have significant usage as plastic stabilizers, lubricants, and mold release agents.

The global metallic stearates market is expected to witness a hike in volume, to approximately US$ 1,772,349 metric tons in 2018, driven by the increasing use of metallic stearates as acid scavengers and lubricants in various industries, along with advanced technology and increasing plastic production in developing countries, which is expected to surge revenue growth of the metallic stearates market.

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This metallic stearates market study covers the trends driving each segment, and offers analysis and insights of the potential of metallic stearates in specific regions. Based on region, the metallic stearates markets in China and North America are expected to dominate over the forecast period, followed by Western Europe. APAC is expected to register a high growth rate between 2018 and 2028 in the global metallic stearates market. China is expected to remain the largest market through 2028. China’s metallic stearates market accounted for 30.2% market share in 2017, and is expected to account for 30.3% market share by 2028.

In terms of volume, APAC is expected to register a significant CAGR during the forecast period. On the basis of product type, the metallic stearates market is segmented as zinc stearate, calcium stearate, magnesium stearate, aluminium stearate, and others (sodium stearate, berium stearate, etc.). The calcium stearate segment is expected to register the highest growth over the forecast period. On the basis of application, the metallic stearates market is segmented into polymers & plastics, rubber, pharmaceuticals, personal care & cosmetics, construction, paints & coatings, and others (paper, metallurgy, etc.). The polymers & plastics segment is likely to be the most attractive segment in the metallic stearates market during the forecast period. Amongst these above mentioned segments, the polymers & plastics segment is anticipated to occupy the largest market share of 32.6% by 2028 end.

The detailed profiles of key players are also included in the scope of the metallic stearates market study to evaluate their long-term and short-term strategies, key offerings, and recent developments in the metallic stearates space. Key players include Baerlocher GmbH, Akrochem Corporation, Dover Chemical Corporation, Faci S.p.A., Peter Greven GmbH & Co. KG, PMC Biogenix, Inc., Univar Inc., Sinwon Chemical Co., Ltd., PROMAX Industries ApS, Valtris Specialty Chemicals, and others.

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Key Segments Covered in Metallic Stearates Industry Survey

Metallic Stearates by Product Type

• Zinc Stearate
• Calcium Stearate
• Magnesium Stearate
• Aluminium Stearate
• Others (Sodium Stearate, Barium Stearate, etc.)

Metallic Stearates by Application

• Metallic Stearates for Polymers & Plastics Industry
• Metallic Stearates for Rubber Industry
• Metallic Stearates for Pharmaceuticals Industry
• Metallic Stearates for Personal Care & Cosmetics Industry
• Metallic Stearates for Construction Industry
• Metallic Stearates for Paints & Coatings Industry
• Others

Metallic Stearates Market by Region

• North America Metallic Stearates Market
• Latin America Metallic Stearates Market
• Europe Metallic Stearates Market
• East Asia Metallic Stearates Market
• South Asia & Pacific Metallic Stearates Market
• Middle East & Africa (MEA) Metallic Stearates Market

Peanut milk is a non-dairy plant-based beverage prepared by using peanut and water. Peanut milk production is similar to almond milk, soy milk, and rice milk. Peanuts require less water to grow than almonds; therefore peanut milk production is considered to be kinder to the environment.

Peanuts are loaded with protein, vitamins, and minerals such as Copper, Manganese, Vitamin B3, Vitamin E, and Biotin among others. Besides, it also contains monounsaturated fats which are crucial to maintaining good heart health. The awareness of health and wellness is rising across the globe due to which consumers prefer nutritious food products. Nutritional properties of peanut is driving the peanut milk market.

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Increasing Demand for Special Dietary Needs to Create Opportunities for Manufacturers of Peanut Milk

The rising number of consumers are opting for plant-based alternatives for medical causes or as a choice of a healthy lifestyle. Medical reasons for consumption of plant-based products include the indigestibility of lactose with a global incidence of 75% or milk allergy. The nutritional value of plant-based milk depends upon the source and the processing technology, along with fortification methods. Certain products have a very low amount of calcium and protein, due to which there is an increase in health awareness among consumers. This is the key factor encouraging consumers to opt for plant-based substitutes of milk such as peanut milk in their diet in case of intolerances for dairy milk, which is providing an opportunity for key manufacturers peanut milk market to offer innovative and health beneficial products.

The plant-based trend is increasing very rapidly across the globe. This plant-based milk perceive as more sustainable and better for the environment as compared to dairy milk. Such assertiveness is behind the increasing number of individuals opting for vegetarian or vegan diets, besides those taking a more flexitarian approach to food.

The key reason due to which consumers are avoiding dairy-based milk include lactose intolerance, dairy sensitivity/allergy, avoiding growth hormones, reducing saturated fat consumption, cutting back on dairy with age, animal rights/cruelty issues, avoiding antibiotics in dairy, and other environmental reasons. Manufacturers of peanut milk are conducting various researches for the innovation of flavors, taste, and texture. For instance, Researchers developed mineral and vitamin-fortified infant formula that used peanut milk as a fat, protein, and calories source.

Increasing Demand for Plant-based Products Lead to Shift in Overall Peanut Milk Market Growth

The demand for plant-based ingredients such as peanut milk is increasing in the food and beverage industry owing to various health benefits. The increasing incidences of dietary issues and prevailing lactose intolerances is pushing consumers to opt for plant based diets. Consumers are turning towards flexitarians and veganism and avoiding dairy consumption. According to Plant-Based Foods

Association, in the U.S. the plant-based milk grew 5% over the past year and market value reached US$ 2 Bn which is highest in the entire plant-based food category. According to a Forbes report, animal milk and dairy products sales are declining rapidly with almost 11% drop as predicted in sales between 2015 and 2020.

Freshness and Authenticity Define Future Growth Parameters

Fresh, authentic, and natural taste experiences are driving consumers’ demand around the world. Even in the diverse markets of China, Brazil, Poland, and India, consumers prioritize authentic and natural-tasting food products. A recent survey carried out by Koninklijke DSM N.V., a science-based company that is active in health, nutrition, and sustainable living revealed that more than half (55%) urban consumers believe ‘natural or fresh’ flavors make food taste delicious.

This consumer demand for fresh and natural tastes poses a challenge for food producers as they have to meet these taste expectations without forfeiting convenience and comprehensible labeling. Hence, big food and beverage giants are updating their inventories with more non-dairy products such as peanut milk. In 2017, Elmhurst Milked Direct, LLC launched peanut milk in chocolate flavor high in protein and contains less sugar.

Global peanut Market: Regional Analysis

The developed economies, including North America and Europe, are expected to be remain significant market for peanut milk over the forecast period owing to the increasing vegan population.

In developed countries, lactose intolerant population is increasing the use of plant-based milk. Peanut milk is also anticipated to have a growing demand in the Asia Pacific region attributing to the increasing health and wellness trend among the consumers in the region, growing per capita disposable income, increasing awareness regarding preventive healthcare, and rising acceptance for dietary supplements and weight management supplements among the consumers. There is increasing alternatives such as almond milk, soy milk etc. which is a major restraint for peanut milk market.

Global Peanut Milk Market: Key Participants

Some of the key players in global peanut market are:

• Hangzhou Wahaha Group Co.,Ltd.
• Yinlu foods Group
• Elmhurst Milked Direct, LLC
• Miruku
• Yili Group
• Hebei Chengde Lolo Co.,Ltd
• Nutrinity Foundation
• Others

The research report presents a comprehensive assessment of the peanut milk 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 nature, sales channel, and price range.

The report covers exhaustive analysis on:

• Peanut Milk Market Segment
• Peanut Milk Market Dynamics
• Peanut Milk Market Size
• Peanut Milk Supply and Demand
• Current Trends/Issues/Challenges pertaining to Peanut Milk Market
• Competition Landscape and Emerging Market Participants in Peanut Milk Market
• Technology related to Production/Processing of Peanut Milk
• Value Chain Analysis of the Peanut Milk Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an 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.

Peanut Milk market: Market Segmentation

On the basis of nature, the global peanut milk market has been segmented as:

• Conventional
• Organic

On the basis of sales channel, the global peanut milk market has been segmented as:

• Food Processing Industry
• Bakery
• Confectionery
• Ice-cream and Desserts
• Beverages
• Protein Bars
• Cereals
• Others
• Food Service Providers
• Retail/ Household

On the basis of price range, the global peanut milk market has been segmented as:

• Economic
• Mid-range
• Premium

On the basis of distribution channel, the global peanut milk market has been segmented as:

• Store-based Retailing
• Hypermarkets/
• Supermarkets
• Convenience Stores
• Specialty Stores
• HoReCa
• Independent Small Groceries
• Online Retailing

On the basis of packaging, the global peanut milk market has been segmented as:

• Plastic & Glass Bottles
• Pouches
• Carton Packaging
• Cans

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Report Highlights:

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

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.

Contact Us:                                                      

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

 

Demand for fertilizer additives is forecast to increase at a moderate 4.2% annually to US$ 1,445.8 Mn in 2028. Future Market Insights, a leading market research company, released a market intelligence report, presenting a comprehensive analysis of the fertilizer additives market on the basis of product type (anti-caking agents, dust suppressors, drying agents, and granulation agents) and application (Nitrogen, P205, K20, and others).

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Overall, sales growth of fertilizer additives will be driven by:

• Growing demand for food, translating into new technologies and improved fertilizers
• Increased emphasis on making fertilizers more efficient with high output
• Better performance and high crop yield
• Developing landscape for sustainable technologies in the agrochemical industry
• Stringency in regulations to keep soil and water pollution at bay

Anti-Caking Agents to Lead the Market

Anticaking agents segment is projected to create 1.3X incremental opportunity till 2028, currently being the largest product type category worth US$ 527 Mn. The trend is projected to continue through 2028, considering major demand from solid fertilizers. The increasing demand for anti-caking agent is mostly attributable to its key characteristic to prevent lump formations, making for easy packaging and transportation. Representing well over 55% share of the total market, in terms of value in 2022, anti-caking agent is also expected to witness major innovations in the form of eco-friendly anti-caking agents, by 2028.

“Popular N (Nitrogen) fertilizers will drive the revenue for fertilizer additives, contributing the largest demand share in the total fertilizer market. Moreover, being an important nutrient for crop production—directly influencing the amino acid composition of protein and nutritional quality of the subsequent yield, will positively translate in widespread adoption of N fertilizer. FMI predicts high adoption of fertilizer N in fruit production, oilseeds, fodder crops, horticulture to maintain high level of quantity and quality”- Principal Analyst, Chemicals, Future Market Insights

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Increasing demand for N fertilizer owing to its significant role in metabolic interactions in crops, globally is expected to open potential strategizing avenues for manufacturers, with a key critical focus on increasing crop nitrogen use efficiency to further enhance the crop quality, adds the analyst.

In the highly fragmented fertilizer additives market, Tier 1 players including Clariant AG, Arkema S.A., Kao Corporation and Koch Industries, Inc., among others hold nearly 80 percent of the total market share. With dominance well displayed by key players through an extensive product offering, FMI also underlines the critical role of organic and inorganic growth through strategic collaborations and mergers and acquisitions, across the value chain and its impact on formulating effective fertilizer additives. Whether it is Clariant AG’s agreement with SABIC and Huntsman Corporation or Arkema’s collaboration with Barrday, Inc and its expansion move in China, key players are projected to push their products in untapped markets through such joint ventures.

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Additional Takeaways from the Study

• FMI, in its report on global fertilizer additives market, spots high opportunity in granulating agents segment, considering its key function in production of fertilizers
• Stringent regulations focused at curbing air pollution would push dust suppressors’ sales
• The fertilizer additive market is likely to benefit from nanotechnology—in the form of nanoscale additives wherein nanomaterials could either be a micronutrient, fertilizer, supplement component or a binder/water retention material
• High pricing of fertilizer additives, lack of awareness, and government subsidies on conventional fertilizers could pose a challenge for market growth
• High growth agriculture-dependent economies including China and India to present lucrative growth opportunities for fertilizer additives manufacturers

For more insights on the global fertilizer additives market, reach out to the team of expert analysts at press@futuremarketinsights.com

A recent surge in demand for sodium bicarbonate is driven by the rising demand from several end-use industries, most importantly processed food, and pharmaceuticals. Also, requirements in flue gas desulfurization, leather, dyes, and detergents will contribute to growth, finds Future Market Insights (FMI) in a new study. According to the report, the market is forecasted to exhibit a 3.9% CAGR through 2031.

Globally, the sodium bicarbonate market is driven by demand from processed food and pharmaceutical production sectors. Food grade and technical grade offerings are expected to hold major market share owing to extensive scope of use in several the end use sectors. Together, these grades of sodium bicarbonate are estimated to account for more than two thirds of the volume share.

Sodium bicarbonate is a crystalline powder that has a color range from white to light brown. It is manufactured in different forms including liquid, powder, and slurry. There are different grades of sodium bicarbonate available for pharmaceutical, food, feed, and technical applications.

Some of the leading applications include food and beverages, pharmaceuticals, personal care products, chemicals, agrochemicals, fire extinguishers, dyes, and water treatment. Also, the non-toxic nature of the material has been a crucial factor for growth in the global market.

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Key Takeaways from Sodium Bicarbonate Market Study

• Driven by rising demand in food and beverage applications, the sodium bicarbonate is projected to surpass a valuation of US$ 2.3 Bn by 2031.
• Pharmaceutical based sodium bicarbonate is expected to witness positive growth owing applications in API, excipients, and in hemodialysis solutions.
• China is one of the fastest growing regional markets owing to the strong presence of end use industries and low raw material costs.
• Powdered sodium bicarbonate is projected to hold a greater market owing to superior user convenience.
• Germany’s contribution towards the European market will continue rising, trailed by France and the U.K.

“End-use industries are focusing on the procurement of high-quality and cost-efficient sodium bicarbonate to improve product performance and profit margins, which will play key roles in market developments through the end of the assessment period in 2031” said a lead analyst at FMI.

Sodium Bicarbonate Market: Participant Insights                                  

Market leaders in the moderately fragmented sodium bicarbonate market are largely focused on strategic expansions, providing high quality products, strengthening their product portfolios and developing stronger distribution partnerships.

Key manufacturers in the Sodium Bicarbonate market, include but are not limited to Solvay SA, Merck KGaA, Nirma ltd., Tata Chemicals Ltd., GHCL ltd, Ciech SA, DCW ltd., Seqens group, Tosoh Corporation, Hawkins, Inc., Vitro and Church & Dwight Co., Inc.

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Sodium Bicarbonate Market by Category

By Grade Type

• Pharmaceutical Grade
• Technical Grade
• Food Grade
• Feed Grade

By Form

• Powder
• Pellets
• Slurry
• Liquid

By End Use

• Processed Food
• Pharmaceuticals
• Personal Care Products
• Chemicals
• Agrochemicals & Nutrients
• Detergent
• Fire Extinguisher
• Leather & Dyeing
• Others

Region

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

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About Future Market Insights (FMI)

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

Future Market Insights’ published market report titled “Car Wax Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2022-2028” examines the car wax market and offers crucial market insights for the next ten years. According to Future Market Insights analysis, the global sales of car wax is estimated to be valued at US$ 743.5 Mn by the end of 2018 and is expected to register a 4.2% CAGR over the period of 2022–2028. This report divulges the demand for car wax and its break-up on the basis of different types, forms and end uses.

Dynamics

The global car wax market is expected to witness steady growth, owing to the growing production of vehicles in different regions. This increasing vehicle production is expected to drive the demand for car wax products, which are particularly used in the finishing line in the manufacturing of a vehicle. Car wax products also register high demand from automotive aftermarket services. The increasing vehicle fleet is expected to upsurge the demand for car wax products, which are mostly used in car wash and car cleaning services.

North America held the lion’s share in terms of the global vehicle fleet in 2017. As per the reports of OICA, the region holds a 21.2% share in terms of global vehicle fleet. Western Europe, with a 19.8% share in the global vehicle fleet, is also expected to provide lucrative opportunities for the sales of car wax products in aftermarket car care services.

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Segmentation Analysis

The global car wax market is estimated to witness steady growth, owing to the increasing demand from aftermarket car care services. Increasing vehicle fleet is the key driving force surging the demand for car wax products in aftermarket car services. SUV, mid-range and upscale cars account for around a 47% share in the demand for car wax products in aftermarket car care services.

As per the reports of OICA, global vehicle production was reported to be 7.1% of the global vehicle fleet in 2017. Attributing to this, the demand for car wax products is expected to remain high in aftermarket car care services over the forecast period. Liquid car wax is expected to gain traction over the forecast period, owing to its easy to apply characteristics and low cost. The demand for the liquid form of car wax is expected to remain high in aftermarket car care services, owing to the less time required for applying liquid car wax as compared to paste car wax. The demand for paste car wax is expected to be driven by vehicle manufacturers who usually prefer long-lasting products for the finishing of vehicles.

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Regional Market Projections

On the basis of region/country, China is anticipated to dominate the global car wax market throughout the forecast period. In China, the car wax market is expected to expand at a CAGR of around 9.6% during the forecast period. Moreover, Latin America and India are anticipated to register relatively higher CAGRs during the forecast period. These two regions, coupled with Latin America, are expected to register attractive growth rates in the global car wax market during the forecast period. The Western Europe car wax market is at a mature stage and is expected to witness slow growth over the forecast period.

Global Car Wax Market Competitive Landscape

Some of the players reported in this study on the global car wax market include 3M, Turtle Wax Inc., Darent Wax Company Ltd, Mothers Polishes Wax Cleaners Inc., Sonax GmbH, Treatment Products Ltd, Northern Labs Inc., Swissvax AG,  Waxpol Industries Ltd, Carsco0 Inc., Shenzhen Marpa Imp & Exp Trading Co., Ltd and Kao Chemicals GmbH, among others

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Car Wax Market Key Segments

Car Wax Market by Type

• Natural Car Wax
• Synthetic Car Wax

Car Wax Market by Form

• Liquid Car Wax
• Car Wax Paste

Car Wax Market by Sales Channel

• Car Wax Manufacturers
• Car Wax Retailers and Distributors

Car Wax Market by End Use

• Original Equipment Manufacturers
• Aftermarket

For more information on the dynamics influencing revenue growth of the global car wax market, Future Market Insights analysts can be reached at press@futuremarketinsights.com

Fragrance Oil Market Outlook

Fragrance oil is a product manufactured to mimic the aromatic properties of and an item or natural products. It is majorly used as an additive in multiple products like soaps, shower gel, detergent, perfumes, cosmetics and others. The fragrance oil is developed using both natural and synthetic ingredients and all those synthetic ingredients are completely safe for use at home, laundry, cosmetics and personal care products.

The fragrance oil is available in the market at different grades which include burning grade which is the lowest quality and is generally used in formulations of candles and another diffusion. Manufacturer’s grade is usually used after heavy dilutions in manufacturing laundry detergent and cleaning supplies. Premium grade fragrance oil is tested and meets all the qualifications of IFRA’s standards and is eligible for use in cosmetics, body care products as well as for the direct tropical application.

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The fragrance oil is safe to use as they comply with both the International Fragrance Association (IFRA) and FDA safety and purity standards. The market of fragrance oil is expected to grow significantly over the forecast period as the demand for oil is growing.

Increasing Demand for Cosmetics with Amazing Fragrances is Bolstering the Fragrance Oil Market

The driving factor of the fragrance oil market is development of new products especially in skin care, cosmetics, sprayers, perfume and other multiple household products. The manufacturers are developing these products by using various fragrances such as rose, lavender, jasmine, vanilla, sandal, sweet orange and others. The key players of fragrance oil market are investing for new formulations to develop new and innovative fragrances.

The fragrance oil are widely used to enhance mood and for relaxation. There is an increase in trend customizing desired fragrances is increasing in the society for improving ambiance, decorative purposes, gifting and others. The demand for fragrance oil is anticipated to increase owing to an increase in demand of aromachology and utilization of fragrances for change in moods and reduction in stress.

Fragrance Oil Market: Opportunities

The use of fragrance oil is the highest in North America and is expected to grow over the forecast period owing to the demand from various segments. However, the demand for the fragrance oil is expected to increase in South Asia as the demand is high in these countries.

These countries traditionally use various types of oil for multiple purpose. The use of the fragrance oil in the personal care and cosmetics industry is expected to increase which will increase its demand in Europe and MEA in the upcoming years but the growth rate will not be as high as that in South Asia.

There is an increase in the use of fragrance oil in homemade products and various other commercially available products. There is rise in trend of DIY method and recipes for using fragrance oil for different blends for making different homemade products like candles, lip balm, and other personal care products, fresheners, household products and other decoration items. The manufacturers of are expected to develop more innovative fragrances to attract large number of consumers. The manufacturers of skin care, personal care products and cosmetics are anticipated to use fragrance oil to expand their product portfolio.

Fragrance Oil Market: Key Participants

The key players in the global Fragrance oil market are:

• Symrise AG
• Firmenich SA
• Givaudan SA
• Takasago International Corporation
• International flavors & fragrances
• Fragrance Oils (International) Limited
• BMV Fragrances Pvt. Ltd.
• Bergland Pharma GmbH & Co. KG
• Moebert GmbH
• PanAroma GmbH
• Others

The research report presents a comprehensive assessment of the Fragrance oil 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 source, grade, end use and sales channel.

The report covers exhaustive analysis on:

• Fragrance Oil Market Segments
• Fragrance Oil Market Dynamics
• Fragrance Oil Market Size
• Fragrance Oil Supply and Demand
• Current Trends/Issues/Challenges pertaining to Fragrance Oil Market
• Competition Landscape and Emerging Market Participants in Fragrance Oil Market
• Technology related to Production/Processing of Fragrance Oil
• Value Chain Analysis of the Fragrance Oil Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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

Fragrance Oil Market: Segmentation

The Fragrance oil market can be segmented based on grade type, application and sales channel.

Based on grade type, the fragrance oil market can be segmented as :

• Natural
• Synthetic

Based on grade type, the fragrance oil market can be segmented as :

• Burning Grade
• Manufacturers Grade
• Premium Grade

Based on end use, the fragrance oil market can be segmented as :

• Cosmetics
• Personal Care Products
• Household Products
• Others

Based on sales channel, the fragrance oil market can be segmented as :

• Direct (B2B)
• Indirect (B2C)
• Hypermarkets/Supermarkets
• Specialty Stores
• Modern Grocery Stores
• Online Stores

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Report Highlights:

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

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.

Contact Us:                                                      

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