Market Research Blog – Page 14146 – New Product Development

Hyperbaric Oxygen Therapy Devices Market is anticipated to grow at above 9% CAGR throughout the forecast period from 2022 to 2031

The demand for hyperbaric oxygen therapy devices has been increasing significantly with rising prevalence of wound infection and gas embolism across the globe, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global hyperbaric oxygen therapy devices market is anticipated to grow at above 9% CAGR throughout the forecast period from 2021 to 2031.

According to the report by Future Market Insights, growing incidences of ischemic stroke and diabetes has fueled the demand for hyperbaric oxygen therapy devices across the globe. According to data published by World Health Organization, around 422 Million people suffering from diabetes. Also, 1.6 million people die due to diabetes related diseases states to the study.

Diabetes becomes the breeding ground for various ailments like diabetic foot ulcer, ischemic stroke and chronic infections. Rising cases of diabetes and obesity will fuel the market growth. Hyperbaric oxygen therapy (HBOT) devices deliver 100% pure oxygen to the body tissues at 1.5 to 3 times the normal atmospheric pressure.

Excess oxygen in the blood promotes white blood cells and leucocytes to fight bacteria and promotes the secretion of stem cells for faster healing and restoring normal body function. Introduction of portable hyperbaric oxygen therapy devices and increasing awareness in medical space regarding importance and utility of multiplace HBOT, especially in wound healing will drive the market growth.

In the future, the market is anticipated to grow significantly, as healthcare workers are switching towards hyperbaric oxygen therapy devices for treating soft tissue necrosis. Asia Pacific region is likely to yield highly opportunistic prospects, contributing towards the overall expansion of the market.

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Key Takeaways from FMI’s Hyperbaric Oxygen Therapy Devices Market Study

The U.S is expected to dominate hyperbaric oxygen therapy devices market on the back of rising cases of soft tissue necrosis and increasing government funding towards modernization of healthcare infrastructure.
Rapidly increasing number of people suffering from anemia, especially women under reproductive age will increase hyperbaric oxygen therapy devices adoption across Russia.
China will offer lucrative opportunities owing to increasing prevalence of osteomyelitis in older population and advancement in healthcare system.
India is expected to exhibit impressive market growth owing to increase in cancer patients suffering from radiation injury and growing incidence of diabetic foot ulcers in the country.
Monoplace hyperbaric oxygen therapy devices will continue to encompass maximum market share owing to its low set up time and high availability.

“Rising prevalence of acute and chronic wounds coupled with diabetic foot infection will amplify sales of hyperbaric oxygen therapy devices during the forecast period,” says the FMI analyst.

Competitive LandscapeHyperbaric oxygen therapy devices market is dominated by few global market leaders. Market leaders operating in hyperbaric oxygen therapy devices market are focusing towards employing organic market strategies to consolidate their market position.

Organic strategies include new product development and extensive research and development for product portfolio expansion. They are also working towards launching modern and cheaper medical devices to penetrate the new markets and capture maximum market share especially in emerging economies.

Some market players are employing strategic merger and acquisition and forming an alliance with regional distributors to strengthen their supply chain channels. They are also emphasizing towards faster product approvals, product development and patenting.

Prominent players operating in the hyperbaric oxygen therapy devices market are:-

ETC BioMedical Systems
Fink Engineering Pvt. Ltd.
Gulf Coast Hyperbarics Inc.
HAUX-LIFE-SUPPORT GmbH
Hearmec Co. Ltd.
Hyperbaric SAC
IHC Hytech B.V.
OxyHeal Health Group
Sechrist Industries, Inc.
SOS Medical Group, Ltd.

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More Insights on the Global Hyperbaric Oxygen Therapy Devices MarketIn its latest report, FMI offers an unbiased analysis of the global hyperbaric oxygen therapy devices market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (mono-place HBOT devices, multi-place HBOT devices, and topical HBOT devices) and application (wound healing, decompression sickness, infection, and gas embolism) and North America, Europe, Asia Pacific, and Rest of the World.

Key Segments CoveredBy Product

Mono-place HBOT Devices
Multi-place HBOT Devices
Topical HBOT Devices

By Application

Wound Healing
Decompression Sickness
Infections
Gas Embolism
Others

Key Regions Covered

North America
Europe
Asia Pacific
Rest of the World (ROW)

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Neurointerventional Devices Market to grow at 7.8% CAGR and USD 5 billion in revenues by the end of 2030.

A new report by Future Market Insights (FMI) expects global neurointerventional devices market to grow at 7.8% CAGR through 2030. According to the study, the market will reach USD 5 billion in revenues by the end of 2030.

Since the past several years, the burden of neurological disorders has increased multifold. According to the National Center for Biotechnology Information (NCBI), the frequency of cerebral aneurysm is nearly 3.2%, with the prevalence being higher amongst women than men above 50 years of age.

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It is estimated that around 6.5 million people in the United States possess an unruptured brain aneurysm, while 30,000 suffer a brain aneurysm rupture every year. Based on these trends, it is unsurprising to observe the market being interspersed with the presence of several reputed manufacturers who constantly launch new products.

In addition, rising prevalence of ischemic stroke is also boosting the neurointerventional devices market. Being non-invasive in nature, these devices increase chances of survival during surgery, further fueling market growth. By 2030, a valuation of US$ 4.8 Bn is predicted for the market.

Global Neurointerventional Devices Market- Key Takeaways

North America shall be the market hegemon, holding a 40.7% market share from 2020-2030
Embolic coils to capture the majority share, carotid stents to surge in popularity
High incidence of cerebral aneurysm to accelerate adoption of coiling procedures
Presence of experienced surgeons shall accelerate hospital-grade neurointerventional device adoption

COVID-19’s Impact on the Market

With respect to neurological disorders, several hospitals and clinics have reported complications in severely or critically ill patients with co-morbidities. COVID-19 has the potential to affect the central and peripheral nervous systems. The virus invades the brain either through the olfactory system or a hematogenous route. Once inside, the virus may cause hypoxic and metabolic abnormalities.

In this light, the neurointerventional devices market is poised to remain afloat in the near-term forecast period. Significant increases in mechanical thrombectomies were reported since April 2020, with majority of the patients seeking treatment for acute strokes from large vessel occlusions (LVOs).

A series of case studies on over 200 COVID-19 positive patients in Wuhan, China, 36.4% of patients exhibited neurologic symptoms such as acute cerebrovascular events, muscle injury and impaired consciousness. In this context, the market is poised to experience an adrenaline rush in the short-run.

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Competitive Intelligence

Some influential vendors within the landscape include: Stryker Corporation, Covidien Public Ltd., Penumbra Inc., Terumo Corporation, Johnson & Johnson Private Limited, Medtronic PLC, Boston Scientific Corporation and Abbott.

Players are emphasizing on expanding their businesses through partnerships, collaborations and mergers & acquisitions and participation in trade fairs. Many of them are also aligning with research institutes to augment their research capacities.

In August 2020, Stryker Corporation successfully launched its Surpass Evolve flow diverter after receiving FDA clearance in the U.S market. The device has already been in use in Europe since 2019.

In September 2020, Penumbra Inc. shall participate in the virtual Global Embolization Symposium & Technologies 2020 Conference. The company hopes to broaden its outreach and collaborate with other leading players to develop and launch new neurointerventional devices, thus expanding its existing product portfolio.

Key Segments Covered

Product

Embolic Coils
Intracranial Stents
Carotid Stents
Thrombectomy Devices
Intrassacular Devices
Balloons
Embolic Protection Devices
Liquid Embolics
Stent Retrievers

Technique

Neurothrombectomy Procedures
Cerebral Angioplasty
Stenting
Coiling Procedures
Flow Disruption

End User

Hospitals
Ambulatory Surgical Centers

Region

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

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Companion Animal Drugs Market is anticipated to be worth US$ 52.12 Billion by 2029

Worldwide sales of companion animal drugs is set to reach ~ US$ 32 Bn by 2019-end, unveils the new research study by Future Market Insights (FMI). According to the report, the companion animal drugs market is estimated to grow by ~ 4% YOY in 2020, primarily influenced by growing adoption of pets across the globe.

According to the report, increasing focus on pet healthcare is likely to contribute to the build-up of the companion animal drugs market by the end of 2029. Inclination towards compounded drugs to maintain animal health and welfare is expected to increase the sales of companion animal drugs market in 2019 and beyond.

Increasing Urbanization and Growing Affluence in Developing Countries to Benefit the Market

Increasing urbanization level and growing affluence, especially in developing countries, have been driving the adoption of pets, thus leading to increased demand for healthcare products for pets such as companion animal drugs. Continued urbanization has also resulted in increasing prevalence of various diseases such as allergies, lower appetite, reduced energy and behavioral anxieties among small companion animals. This has been driving the demand for innovative classes of medicines such as companion animal drugs.

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Upcoming Therapeutic Innovations in Pet Care to Aid Market Growth

Besides traditional drugs, animal health companies have also been investing in smart diagnostic care to help prevent diseases before the actual onset. Companies are also trying to develop generic capabilities to demonstrate bioequivalence to reference prescription drugs in the companion animal drugs market, as many key drugs no longer benefit from intellectual property protection. The development of new vaccines and medications for animals are expected to support the growth of the companion animal drugs market over the forecast period.

Increasing R&D activities and shorter drug-lifecycle are playing an important role in the growth of the companion animal drugs market. Innovations in companion animal drugs are easier and sustainable for a longer period of time, while R&D cycle time are shorter (~ three years) in the Companion Animal Healthcare (CAH) industry as compared to human health, ranging between seven and 15 years for other drugs. This increases return on investment in companion animal drugs and leads to faster profits for the market players.

Collaborative Ventures to Promote the Companion Animal Drugs Market Growth

Collaborative ventures such as One Health promotes unification of veterinary and medical sciences, leading to better disease surveillance, control and education, especially for companion animals such as dogs and cats. One Health venture enables identification of alteration in infection travelling patterns. The patterns are changing mostly in case of parasites due to change in climate and increasing host-vector interactions. Some organizations helping in monitoring of One Health in companion animals are Companion Animal Parasite Council and European Scientific Counsel Companion Animal Parasites.

Such ventures are expected to complement the growth of the companion animal drugs market.

Low Awareness of Animal Diseases to Hamper the Companion Animal Drugs Market Growth

In many developing countries, people lack awareness regarding certain serious companion animal diseases as opposed to livestock diseases, which are more regularly monitored. This is primarily true with regards to pet vaccinations, which is a mandatory requirement for up to three years. Additionally, parasitic medications for companion animals and livestock are different. Lack of awareness with regards to differentiation of these medication varieties leads to adverse drug side effects and thus low administration of companion animal medications. Such factors are likely to create a hindrance in the growth of the companion animal drugs market.

Also, majority of animal healthcare drugs have limited scope for patent extension, primarily due to drug portfolios dominated by drugs that have crossed maturity, which in turn is expected to deter the growth of the companion animal drugs market over the forecast period.

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This study underlines key opportunities in the companion animal drugs market and finds that the market would exhibit growth at a value CAGR of ~5% during forecast period.

Companion Animal Drugs Market: SegmentationProduct Type

Antibiotics
Anti-inflammatory
Parasiticides
Heart Worm Products
Behavioral Products
Nutritional Products
Skin Care Products
Vaccines

Distribution channel

Veterinary Hospitals
Veterinary Clinics
Pharmacies and Drug Stores

Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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Cyclomethicone Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2025

Cyclomethicone also known as decamethylcyclopentasiloxane is a clear, odorless, alcohol free and colorless silicone liquid. It is soluble with numerous oil based products. It has a cyclical structure rather than linear structure of dimethyl silicone. Cyclomethicones are commonly used as base solvents to blend fragrance oils, perfumes and other cosmetic formulations. They evaporate quickly and they are miscible with a variety of cosmetics oils, waxes, hydrocarbons and silicone oils. This property of cyclomethicones makes them a key ingredient in cosmetics as base solvents. Cyclomethicones are insoluble in water. Additionally, they are low surface tension fluids, which allow them to easily spread on the surface they are applied to.

The key driver for the market of cyclomethicone is the growing cosmetics market. The emergence and widespread usage of new age cosmetics such as hair conditioners, shampoos, leave- in conditioners, eye make-up products and body lotions have cyclomethicone as the base solvent. When used in skin care products, cyclomethicone, leaves the skin feeling smooth and lubricated instead of sticky or oily. Another driver for this market is the growing pharmaceuticals market. The increased awareness towards health and increase in the aging population is a driver for this market.

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Cyclomethicone is used in ointment and gels formulations. Medicated toothpastes, ointments and pain alleviating gels have cyclomethicone as a key base solvent; it helps in the easy spreading of the cream. Excessive exposure to cyclomethicone results in irritation of the skin in humans. In case of highly sensitive skin, there might be skin irritation due to its use. In such cases a milder emulsifier should be used. Cyclomethicone does not contribute to ozone-depletion and is therefore being used as an alternative for non-VOC (volatile organic compound) compliant petroleum-based solvents, as both carrying agent and cleaning solvent. The growing demand for non-VOC solvents is expected to open new opportunities for the growth of the market in the near future.

Based on region wise segmentation, China is the largest producer of cyclomethicone. It is also the largest consumer of cyclomethicone, followed by United States, Western Europe and Japan. These countries are the major manufacturers of cosmetics. China and the Indian sub continent produce a variety of generic drugs, which is another major area of application for cyclomethicone.

The segmentation of cyclomethicone based on end use is cosmetics industry, pharmaceuticals industry and other industries such as lubricants, paints and varnishes and printing inks. The molecules of cyclomethicone are too large to enter the skin but function as carriers and evaporate after spreading on the skin, thus acting as vehicle for the formulation without getting absorbed in the skin. They however allow the active ingredients of the formulation to enter the skin, thus facilitate healing of the skin.

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Cyclomethicones help in easy application of make-up and are used in hair care products because they increase the hair’s manageability while imparting a clean and healthy appearance. Additionally, they improve the appearance of scars and reduce discomfort. They are hypoallergenic and well tolerated by the skin. Cyclomethicone improves scratch resistance, acts as a flow leveling agent and prevents floating of pigments and matting agents, due to these properties, they are making gradual in roads into paints and varnishes market, however, this market is nascent as of now.

The major players in this market are Dow Corning, Wacker Chemie, Wuhan Jiehong International Trading Co., Ltd., Cray Valley India Private Limited, Baoying Chemical Adjuvant Factory Of Jiangsu Province, Hong Ye Jie Technology Co. Limited and Guangzhou Yinghui Trading Co. Limited among others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size & Forecast 2015 -2025
Supply & Demand Value Chain
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Market Drivers and Restraints

Barium Sulphate Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2030

Increasing sales of barium sulphate in the pharmaceutical industry is mainly attributed to the rise in the applications of polypropylene and polystyrene in pharmaceutical packaging materials. In addition, it is also used in a wide range of diagnostic equipment, which further contributes to the growth of the pharmaceutical-grade barium sulphate market.

In the coming years, increasing use of barium sulphate in diagnostics procedures such as X-ray imaging, as a radio-contrast agent is likely to create new opportunities for stakeholders in the barium sulphate market. With the ongoing developments in the diagnostics technologies in the healthcare industry, the sales of pharmaceuticals-grade barium sulphate are expected to go up in the coming years.

Consequently, leading players in the barium sulphate market are expected to bolster research & development activities in order to maximize the utilization of pharmaceutical-grade barium sulphate for X-ray diagnosis. In fact, a majority of healthcare institutions are running clinical trials to evaluate the effectiveness of these X-ray diagnosis procedures, and this is further triggering market players to attain patents and design production plants to effectively implement various processing applications.

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Wide Ranging Applications will Open New Windows of Opportunities

Barium sulfate is most commonly utilized in the oil industry as an oil well drilling fluid, as it helps in increasing the density of oil-like fluid, and this is expected to drive growth of the barium sulphate market. In the coming years, the demand for highly purified fluids is expected to reach a new high, and which will further contribute to the growth of the global market for barium sulphate.

Furthermore, the applications of barium sulphate in the paints & coatings industry are adding another dimension to the growth prospects of the market, as the chemical is transparent and it is commonly used for modifying the consistency of paints & coatings. In addition, paints & coatings are widely used in the automotive industry, and its positive growth prospects may account for a significant share in the growth of the barium sulphate market. Manufacturers are also aiming to capture lucrative opportunities triggered by the growing applications of barium sulphate in the construction industry, and this will encourage market players to enter in developing economies to capitalize on the rising urbanisation in these regions.

Barium Sulphate Market: Region-wise Analysis

According to geography, the global market for barium sulphate is broadly divided into seven regions – North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. Being the largest consumer of barium sulphate, North America is expected to create new opportunities for stakeholders in the barium sulphate market. The use of industrial-grade barium sulphate is expected to rise in the North American region, and the demand is likely to remain concentrated in the steel and automotive industries in the region.

On the other hand, the growth avenues of Asia Pacific region in the global barium sulphate market are improving, as the developing Asian countries are emerging as large consumers of the chemical. Positive growth in industrialization, especially in the construction industry will contribute to a heavy demand for barium sulphate. Furthermore, increasing growth of the pharmaceutical industry will also boost the sales of pharmaceutical-grade barium sulphate in the region, creating lucrative opportunities for stakeholders in Asia Pacific, in the coming years.

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Barium Sulphate Market: Competitive Landscape

Dongfeng Chemical
ValourImpex
Shaanxi Fuhua Chemical
SachtlebenChemie
XinJiXibo, Xuri Group
ShenzhouJiaxin Chemical
Nippon

One of the most popular strategies among the leading manufacturers in the global barium sulphate market is the rise in the investments in research & development. In order to capture new opportunities across a wide range of industries, manufacturers are aiming to introduce innovative products and gain an edge in the global market.

Furthermore, a mounting number of market players are also aiming to capitalize on increasing demand for barium sulphate nanoparticles and nanopowders, as their adoption in the manufacturing of medical equipment is on the rise across the world. Burgeoning growth of the medical devices industry is expected to further amplify the demand, and this will trigger an emerging trend in the global barium sulphate market in the coming years.

In addition, leading market players are also focusing on introducing barium sulphate as an efficiency-boosting component for paints & coatings used in the automotive industry. This will further instigate the wave of innovation and R&D among the leading manufacturers in the global barium sulphate market, in the foreseeable future.

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Barium Sulphate Market: Segment Analysis

The barium sulphate market can be segmented on the basis of the following:

By Type

Ordinary Precipitated Barium Sulfate
Modified Barium Sulfate
Nanometer Precipitated Barium Sulfate
Others

By End-use Industry

Coating Industry
Pharmaceuticals Industry
Rubber Industry
Plastic Industry
Others

Specialty Fuel Additives Market Comprehensive Shares, Historical Trends And Forecast By 2030

Specialty fuel additives are chemical compounds that are formulated to improve both quality and efficiency of fuels. Various specialty fuel additives such as antifreeze treatment chemicals, cold flow additives, and fuel antioxidants are most commonly used across a wide range of end-use industries.

Leading manufacturers in the specialty fuel additives market are focusing on offering products that are formulated to protect and improve fuel quality in storage systems, during distribution, as well as in transports, in order to stay ahead of the game.

In the coming years, the adoption of innovative techniques to introduce multi-functional and bio-sourced specialty fuel additives for reducing maintenance and improving fuel economy, will emerge as a megatrend in the global market.

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Growing Consumption of Fuel Additives in the Automotive Industry Remains Primary Driver

Though the automotive industry has witnessed its ups and downs, various characteristics regarding manufacturers’ techniques as well as buyers’ demands have drastically changed over the past few years. The awareness about the negative impacts of harmful fuel deposits on engines on the overall automotive performance is growing today, more than ever, and this is pushing manufacturers to dive deeper into improving the quality of fuels, especially the ones used in the automotive industry

Specialty fuel additives that facilitate unclogging of the blocked injectors, minimize duel deposits in the injector nozzle of engines, eliminate knocking, and offer other parameters of fuel safety and quality, are likely to remain high demand across the automotive industry. Furthermore, leading players in the global specialty fuel additives market are also aiming to offer specialty fuel additives that not only enhance and protect the quality and efficiency of fuels, but also maintain a temperature balance when fuels are exposed to extreme temperatures. Evidently, improving versatile characteristics of specialty fuel additives is likely to emerge as a formula to win in the global market, in the foreseeable future.

Products that Contribute to Environmental Safety, Comfort, and Design Remain High in Demand

Taking into consideration the changing outlook of the automotive industry, manufacturers in the specialty fuel additives market are increasing focus on diversifying their product portfolios. Customers are becoming more aware about the ecological impact of their commercial and industrial activities, which is triggering market players to introduce specialty fuel additives that offer significant environmental benefits.

Furthermore, changing automotive designs indicate the changing preferences of buyers regarding various aspects of vehicles such as power trains, electronics, as well as interiors and exteriors. This is further encouraging manufacturers and suppliers of specialty fuel additives to modify the features of their offerings to suit the end-user demand for automotive designs and comfort.

In the coming future, it will become an inevitable factor for market players to introduce ecologically safer specialty fuel additives that also sync with the end-users’ needs vis-a-vis automotive designs and comfort.

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Specialty Fuel Additives Market: Region-wise Analysis

The global market for specialty fuel additives is segmented into geographic regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa. Growth opportunities in North America as well as Asia Pacific will trigger a majority of stakeholders to bolster their investments in these regions. Improving growth prospects for automotive manufacturers owing to increasing automotive sales in the Asia Pacific region are likely to create opportunities to win for specialty fuel additives manufacturers in Asian countries.

Furthermore, stakeholders are finding immense potential for growth in North America, followed by Europe. Stringent environmental regulations that impose limitations of automotive emissions are triggering end users to resort to specialty fuel additives in most of the western countries. Nevertheless, manufacturers in the North American specialty fuel additives market must comply with the rules and policies established by the Environment Protection Agency (EPA) for the purpose of regulating and monitoring the commercialization of products.

Specialty Fuel Additives Market: Competitive Landscape

Evonik Industries AG
Baker Hughes
Chevron Oronite Company LLC
Lubrizol Corporation
Infineum, Innospec
Chemtura Corporation

The leading companies in the specialty fuel additives market are focusing on expanding their global presence through acquisitions and mergers, and diversify their product portfolio to sync with the dynamic trends of the global industries.

In June 2020, Altivia Oxide Chemicals LLC, an affiliate of Houston-based Altivia, announced that it has signed an agreement to acquire KMCO, LLC – a leading supplier of superior specialty chemical manufacturing and toll processing services located in Crosby, Texas. The company will purchase KMCO’s chemical ethoxylation manufacturing assets in Crosby, where its 31 reaction and distillation facilities are spread across 160 acres. Altivia announced that it will be investing nearly US$ 25 million to start production in two new oxide reactors at the site and upgrade process safety and control systems.

In December 2019, PolyOne Corporation – a global provider of specialized polymer materials and services – announced that it has entered an agreement with Clariant AG – a Swiss speciality chemicals company – as well as Clariant Chemicals India Ltd. to acquire its global business of color and additive masterbatch. The agreement was finalised at US$ 1.45 billion, and PolyOne aims to expand its portfolios of materials and supporting services through this acquisition.

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Specialty Fuel Additives Market: Segment Analysis

The specialty fuel additives market can be segmented on the basis of the following:

By Product

Fuel Antioxidants
Lubricity Improvers
Corrosion Inhibitors
Deposit Control Additives
Cold Flow Improvers
Cetane Number Improvers
Fuel System Icing Inhibitors
Metal Deactivators

By Fuel

Gasoline (Petrol) Additives
Diesel Additives
Aviation Turbine Fuel Additives
Others (Heating Fuels, Marine Fuel Additives)

Textile Auxiliaries Market Size by 2026: Global Demand and Regional Analysis

Global textile auxiliaries sales are projected to reach 2.58 million tonnes in 2017, up from 2.49 million tons in 2016. In terms of value, the global textile auxiliaries market will reach US$ 7.76 Bn in 2017.

Demand will remain strong in Asia Pacific excluding Japan (APEJ) – the largest and the fastest growing market for textile auxiliaries. Textile auxiliaries sales in APEJ were valued at over 829 thousand tonnes in 2016.

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Key factors fuelling demand of textile auxiliaries include,

Sustained demand from sports and medical equipment industry. Increasing applications of textile auxiliaries across a wide range of end-use industries is expected to fuel demand in the foreseeable future.
Growth of construction sector in emerging economies of Brazil, Russia, India, and China is positively influencing demand for textile auxiliaries. Demand is especially strong for Buildtex – a technical textile suitable for construction purposes.
Environmental sustainability is gaining center stage globally, influencing companies to opt for eco-friendly materials. This is promoting the use of textile auxiliaries, especially Oekotech.
Textile auxiliaries sales are also influenced by growth of the global textile chemicals market. As per 2014 data, textile chemicals accounted for nearly 2% of the US$ 785 billion global specialty chemicals market.
In addition to aesthetics, textile and apparel companies in the U.S. and Europe are focusing on boosting functionality of their products. As a result, demand for functional finishes is witnessing an increase. Growth in the parent market is expected to fuel demand for textile auxiliaries market.
Surging demand for mobiltech textile auxiliaries in automotive sector is also contributing to the growth of the market.

Although Future Market Insights maintains a positive outlook on the global textile auxiliaries market, high price of finished products and toxic waste production have remained longstanding challenges. Production innovation and R&D can mitigate the impact of these challenges, and top players are working toward addressing these.

By product type, the global textile auxiliaries market is segmented into,

Pre-treatment agents
Softening agents
Anti-foaming agents
Odour absorbers
Corrosion inhibitors
Dyestuff
Finishing agents

Among these, pre-treatment agents is the highest-selling product type, selling over 660 thousand tonnes in 2016. Corrosion inhibitors accounted for the lowest demand among all product type segments.

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By end-use, the global textile auxiliaries market has been segmented into,

Apparel
Home and institutional
Technical textiles
Digital printing

Apparels account for the bulk of demand for textile auxiliaries – in 2016, demand for textile auxiliaries from the apparel segment was worth 1.25 million tonnes. Technical textiles is the smallest segment in terms of volume sales.

APEJ is projected to remain the largest market for textile auxiliaries globally. The market in the region is anticipated to grow at 5.1% CAGR and surpass 1.37 million tonnes in volume by 2026. In terms of value, the APEJ textile auxiliaries market is expected to surpass US$ 4.5 billion by 2026.

Leading companies in the global textile auxiliaries market include Huntsman International, Tata Chemicals, Dow Chemicals, Evonik Industries, Archroma Limited, DyStar, Oleon, Rudolph GmbH, Zschimmer and Schwarz Gmbh & Co KG, and ChemDyes Sdn Bhd.

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About Future Market Insights (FMI)

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

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Polymer Concrete Market is set to grow at 7.9% CAGR through 2027- FMI

As compared to conventional concrete products, polymer concrete products have been observed to display a superior compressive strength as well as impact strength. Moreover, polymer concrete is capable of enduring high-frequency vibrations and can be used for constructing complex shapes. Therefore, use of the polymer concrete in industrial infrastructures such as waste containers, pump bases, industrial flooring blocks, chemical containments and trench drains has grown significantly over the past couple of years. Recently, Future Market Insights (FMI) conducted a study on the global market for polymer concrete and found that production of polymer concrete is likely to grow from 143,620 Tons in 2015 to 328, 0159.9 Tons by the end of 2027.

FMI’s report titled “Polymer Concrete Market Global Industry Analysis and Opportunity Assessment, 2017–2027” reveals that currently, the market is valued at around US$ 300.5 Mn and is estimated to exceed US$ 691 Mn by 2027, reflecting a 7.9% CAGR during the forecast period (2017-2027). The market is expected to witness an incremental $ opportunity of US$ 369.9 Mn during the same period on account of the increasing requirement of materials with high durability, chemical resistance and corrosion resistance. On the flip side, lack of product awareness continues to be a major factor, inhibiting the growth of the market.

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Additional Insights from the Report Include:

Regions such as Europe and North America are already witnessing a widespread adoption of polymer concrete material in the construction application.

Owing to the low-cost benefit over other resins, polyester continues to be the preferred choice for manufacturing polymer concrete products. By 2017-end, polyester polymer concrete is expected to account for more than 25% market share.

On the basis of binding agents, synthetic resins hold a major share of the market. Synthetic resins are estimated to account for around 62.4% share of the market by 2017-end. At the same time, demand for natural resin is expected to remain sluggish throughout the forecast period.

Polymer concrete finds widespread application in building chemical containments and pump bases. Collectively, these two segments account for more than 30% value share of the market.

In 2017 and beyond, the global polymer concrete market is expected to be massively influenced by further product innovation and new product development.

Manufacturers of polymer concrete have channelized efforts on developing multiple desired properties in their products to gain competitive advantage, such as toughness, durability & long life, extreme chemical resistance and ease of installation of polymer concrete products. FMI in its report has profiled some of the leading companies operating in the global market for polymer concrete, which include ACO Group, Sika AG, BASF SE, and Kwik Bond Polymers LLC.

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Market Taxonomy

Material Type

Polyester
Vinyl Ester
Epoxy Based
Others

Binding Agent

Natural Resin
Synthetic Resin

Application

Solid Surface Countertops
Outdoor Seats and Benches
Waste Containers
Pump Bases
Flooring Blocks
Chemical Containments
Trench Drains
Others

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Rare Earth Metals Market is expected to reach a valuation of US$ 3,818.8 Mn between the forecast period 2021 and 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global rare earth metals market is poised to witness steady growth at around 6% CAGR, exceeding the market valuation of US$ 3,818.8 Mn between the forecast period 2021 and 2031.

Growing consumer preference towards electronic vehicles and rapid expansion of the automotive and electronic industry are emerging as chief factors augmenting the growth of the rare earth metals market.

Presence of high-growth potential industries including consumer goods and renewable energy in developed countries such as the U.S., the U.K., and Germany will propel sales in the market.

Permanent magnets used in wind turbines are produced from rare earth metals such as dysprosium and neodymium. Considering this, a steady expansion of wind turbine installations worldwide will create conducive environment for rare earth metals sales.

Besides this, the market will continue gaining from application in manufacturing batteries installed in electric vehicles. With electric and hybrid vehicles sales forecast to gain momentum in the coming years, the demand for rare earth metals with consistently rise.

Rising digitization and urbanization in developing countries such as China, India, and South Korea is boosting the demand for consumer electronics, which in turn is fostering sales of rare earth metals.

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As per FMI, Asia Pacific excluding Japan will continue exhibiting high growth within the global market. Within the region, the Neodymium segment is likely to gain remarkable 270 basis points by 2026 in comparison to that of 2016.

China, trailed by India, will emerge as the dominant market for rare earth metals in Asia Pacific. The continued surge in mining activities, besides expansion of electronics and automotive sectors will support growth in the country.

Key Takeaways from FMI’s Rare Earth Metals Market Study

Neodymium will emerge as the most preferred metal type throughout the forecast period.
Permanent magnets will dominate the application-type segment.
The U.S. will exhibit high demand due to rapid expansion of automotive and renewable energy industries.
China will lead the rare earth metals market owing to the presence of major players and increasing production of consumer electronics.
The U.K. will experience steady growth, which is attributable to increasing demand by various end-use industries.
South Korea and Japan will account for nearly 14% of the market share.

“Companies operating in the market are adopting sustainable mining policies to gain competitive edge. Besides this, they are seeking approval from international organizations to aid capacity expansion,” says the FMI analyst.

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Competitive Landscape

China Northern Rare Earth (Group) High-Tech Co., Ltd., Rising Nonferrous Metals Share Co., Ltd., Lynas Corporation, China Minmetals Corporation Limited, and Aluminium Corporation of China Limited are some leading players operating in the rare earth metals market.

Key strategies being incorporated by manufacturers include emphasis on sustainable mining practices, research, and development regarding efficient use of metals, industry-grade machinery installations, and expansion of procurement facilities. For instance:

In December 2019, Lynas Corporation joined hands with Kalgoorlie Boulder, based out of Australia, to open a new processing plant for processing materials mined from the nearby Mt Weld lanthanide deposits.
In June 2021, Arafura Resources Ltd., received approval and a Letter of Support from the Northern Australian Infrastructure Facility (NAIF) for the inclusion of its Nolan NdPr sites as a statutory defined area of North Australia, enhancing the sustainable mining practices in the region.

How has COVID-19 Affected the Rare Earth Metals Market?

Due to the unprecedented COVID-19 outbreak, the rare earth metals market production has suffered unintended consequences. With China being the production and distribution hub for rare earth metals, operations in major refining, surface mining, manufacturing, and logistic activities were restricted.

As per the U.S. Geological Survey, China accounted for around 80% of the exports in 2019, although the exports declined in 2020 due to the pandemic.

Rare-earth metals are used in automobiles, home appliances, electronics, and various consumer goods. The interruption in the procurement of raw material and rare-earth-enabled components from China has affected these industries simultaneously.

However, with conscious efforts, the country has successfully contained the virus spread. With little to no restrictions, China is gradually resuming its mining and production activities, accelerating the production and export of rare-earth metals which will propel the growth of the market in upcoming years.

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More Insights on the Rare Earth Metals Market

In its latest report, FMI offers an unbiased analysis of the global rare earth metals market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application type (catalysts, permanent magnets, metallurgy & alloys, polishing, glass, phosphors, ceramics, and others (fertilizers, pigments, defense, etc.) metal type (Neodymium, Yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan, and Middle East & Africa)

South Asia Geosynthetics Market is expected to register a value CAGR of 12.7% over the forecast period 2017–2027

The geosynthetics market has been witnessing a phenomenal growth over the past few years. Above-average GDP growth in the developing South Asian economies such as Vietnam, India, and Indonesia has resulted in an exponential growth of construction activities, which in turn is fuelling the demand for geosynthetics across these regions. Moreover, the geosynthetics market is becoming competition-intensive, owing to the presence of a large number of manufacturers.

Key players in the South Asia geosynthetics market include Enviro Geosynthetics Pvt. Ltd., Global Synthetics Pty Ltd, NAUE GmbH & Co. KG, Polyfabrics Australasia Pty Ltd, Tensar International Corporation, Geofabrics Australasia Pty Ltd, HUESKER Synthetic GmbH, GSE Environmental, Inc., E.I. du Pont de Nemours & Co., and Koninklijke Ten Cate NV.

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India Continues to Remain the Most Lucrative Country for Geosynthetics in South Asia

Future Market Insights (FMI), in its report titled, “Geosynthetics Market: South Asia Industry Analysis and Opportunity Assessment 2017-2027” projects the global geosynthetics market to expand at an impressive double-digit CAGR of 12.6% during the forecast period in terms of volume. FMI estimates that sales of geosynthetics will surpass 1700 Mn m² in South Asia by 2027. India is expected to be the most lucrative country in South Asia geosynthetics market, followed by ASEAN (Association of Southeast Asian Nations). India is expected to account for more than 700 Mn m² sales of geosynthetics by 2027.

Polypropylene Remains the Most Sought-After Geosynthetic Material

By product type, geotextile is likely to continue its dominance over the South Asia geosynthetics market, expanding at a volume CAGR of 13.9%. Geomembrane, another prominent product type, is expected to reach 274.3 Mn m² by the end of the forecast period.

Polypropylene remained the most lucrative material in the South Asia geosynthetics market, and is expected to remain so during the forecast period. This segment is anticipated to account for 55.5% market volume share by 2027.

Separation continues to be the leading primary function for geosynthetics, whereas containment primary function is estimated to witness fastest volume growth at 14% CAGR during the forecast period.

Demand for geosynthetics from road construction sector is expected to remain robust during the forecast period. Future Market Insights estimates demand from this segment to surpass 900 Mn m² by 2027. In addition, ‘dams, riverbanks & waterworks’ will remain the second largest application segment in the South Asia geosynthetics market during the forecast period.

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Emphasis on Increasing Mining Capacity to Fuel the Demand for Geosynthetics in South Asia

Geosynthetic materials find widespread adoption in road development projects, mainly utilised for subgrade separation & stabilisation, filtration & drainage facility, base reinforcement, along with an overlay stress absorption & reinforcement. The application of geosynthetics in railway lines facilitates improved stress propagation and provides better stability. Applications in these sectors will continue to fuel the demand for geosynthetics in South Asia.

Geosynthetic materials are also witnessing robust demand from the mining industry. Emphasis on increasing mining capacity and related productivity has compelled miners in propagating deep mining. Moreover, water containment or waterproofing applications utilise geosynthetic materials, particularly geomembranes, for avoiding water absorption by forming a layer. These factors are influencing the growth of the South Asia geosynthetics market.

Several governments are focusing on investing significantly in the development of road and rail infrastructure in the South Asian region, which in turn is expected to fuel the demand for geosynthetics in this region during the forecast period. In contrast, requirement of high-cost specialised equipment, lack of skilled personnel, absence of awareness on the long-term benefits of geosynthetics among contractors and construction companies is expected to restrain market growth.

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