Astragalus Root Extract Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

Astragalus is the plant with the leguminosae family and is popular amongst the Chinese consumers for its immune system booster and disease fighter. Astragalus is used as dietary supplement for many problems such as diarrhea, fatigue, anorexia, heart diseases, hepatitis, fibromyalgia, and also as an adjunctive therapy for cancer. Astragalus is a herbaceous perennial which grows to a height between 25 and 40 centimeters. The harvest plants are traditionally harvested after four or five years, and the roots are collected desiring the springs or falls. The roots are high in medicinal functions are dried first and then sliced and distributed. The dried roots are yellow in color and have a sweet, moistening taste along with the fibrous texture. The root of the astragalus plant is used in soups, teas, extracts, or capsules. The astragalus roots consist of a series of cyclobutane triterpene glycoside denoted astragalosides. 

Global Astragalus Root Extract Market: Drivers and Restraints

The major driving force for growth in the astragalus root extract is the very important vital energy. The root extract is also used to treat the immune deficiency and fatigue for healing the wounds, and improve the digestion and reduce endema caused by cardiac weakness.

Further, manufacturers are coming up with astragalus root extract products with claim free products such as vegan, gluten free, chemical free, and non-gmo. A recent study and research indicate that Astralagus may offer antioxidant support with a variety of ailments. The growing stress and the busy life schedule of the consumers are also one of the major factors for growth in astragalus root extract products. The adaptogenic herb helps in reducing stress and also the aging factors in individuals.

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Another major driver, in the astragalus root extract market, is its popularity amongst the athletes. Astralagus has three potent constituents making it one of the leading super herbs. It contains saponins, flavonoids, and polysaccharides.

Astragalus are usually taken in combination with other herbal supplements. Astralagus, when used appropriately, are safe and do not have much side effects. However, the high doses of astragalus roots can suppress the immune system. Therefore, astragalus should be avoided while taking immune-suppressing drugs.

Global Astragalus Root Extract Market: Segmentation Overview

The astragalus root extract market is segmented into product form, nature, and applications. The astragalus root extract market is sub segmented into an application, and these includes food and beverages, pharmaceuticals, and personal care products. Amongst all these applications, the pharmaceutical sector dominated and is expected to maintain its dominance during the forecast period. The astragalus root extract tonic is premium product and is trending amongst the athletes who are looking out for more energy and vitality.

Global Astragalus Root Extract Market: Regional Outlook

Depending on geographic regions global Astragalus Root Extract market is segmented into seven broad regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan and Middle East Africa. APEJ region dominated the market and is expected to maintain its dominance during the forecast period.

Global Astragalus Root Extract Market: Prominent vendors 

Some of the prominent players identified across the value chain of the global astragalus root extract market are Nutragreen Biotechnology Co., Ltd, Xi’An Sanwei Biotechnology Co., Ltd, Mountain Rose Herbs, and Z Natural Foods, LLC, amongst others.  Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market. To ensure product differentiation and to acquire a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.

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Regional analysis for Astragalus Root Extract Market includes

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Western Europe
      • Germany
      • France
      • U.K
      • Spain
  • Eastern Europe
    • Poland
    • Russia
    • Rest of the Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
    • China
    • India
    • ASEAN
    • Australia and New Zealand (ANZ)
    • Rest of APEJ
  • Japan
  • The Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
Global Astragalus Root Extract Market: Segmentation 

 The global astragalus root extract market is segmented by nature type into:

  • Conventional
  • Organic

The global astragalus root extract market is segmented by product form into:

  • Powder
  • Whole root
  • Liquid

The global astragalus root extract market is segmented by application into:

  • Food and beverages
  • Pharmaceutical
  • Personal care

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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.

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Excessive daytime sleepiness Market Overview & Worldwide Industry Analysis and New Market Opportunities Explored By 2022-2030

Surging Cases of Excessive daytime sleepiness, Advancing Healthcare and Research to rocket the Excessive daytime sleepiness Market.

Excessive daytime sleepiness or Hypersomnia is a sleep disorder of persistent sleep during daytime. Excessive daytime sleepiness is caused by sleep deprivations due to obstructive sleep apnea (OSA), Narcolepsy and other sleep altering/depriving habits, medical or psychiatric conditions.

Narcolepsy is a neurological condition of long term reduced regulation of the sleep-wake cycle and OSA is caused by airway blockages. According to the National Sleep Foundation, 40% of the global population is coping with Excessive Daytime Sleepiness.

Excessive daytime sleepiness is diagnosed with daytime excessive sleepiness, low energy, and frustration. Therapeutic Drugs includes stimulants, anti-depressants, Amphetamine salts and Sodium oxybate.

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Devices such as continuous positive airway pressure (CPAP) machine are used for Excessive daytime sleepiness therapies and Nocturnal polysomnography, polysomnography and other devices are used for Excessive daytime sleepiness diagnostics.

Coronavirus and lockdown has propelled the global excessive daytime sleepiness market by the economic crisis, work-from-home stress and disrupted circadian cycle has surged the excessive daytime sleepiness market. The devices for OSA, including CPAP, BiPAP devices and special ventilators were deliberated with massive production to meet the unprecedented demands of increasing Coronavirus patients.

The overall global market of Excessive daytime sleepiness market is growing at lucrative rate.

Excessive daytime sleepiness Market: Drivers and Restraints

The drivers of global excessive daytime sleepiness market include increase of population, awareness, healthcare expenditure diverse drug array and Government reimbursement policies. The advancing R&D and technology of manufacturers and academics rocket the excessive daytime sleepiness market by developing novel therapeutics and unraveling the pathogenesis.

Several targeted drugs and devices for Excessive daytime sleepiness diagnosis and therapies are in pipelines and clinical trials to hit the market. However, the global excessive daytime sleepiness market is constrained by stringent drug regulations of the government, lack of acceptance of OSA masks and wearable because of their discomfort and higher cost.

Although the advancing technologies are propelling the global excessive daytime sleepiness market and open the vast horizon of opportunities of future growth, coupled with the emerging telemedicine technology and mobile health with improved convenience of treatment with the facility of video visiting sleep doctors.

Excessive daytime sleepiness Market: Overview

The global Excessive daytime sleepiness market is expected a growth revamp driven by the increasing Excessive daytime sleepiness disorders, therapy demands and the advancing R&D. By Diseases, OSA dominates the market of excessive daytime sleepiness market with its giant market of devices and drugs.

The segment of Narcolepsy is expanding at a faster pace. By treatment, devices for excessive daytime sleepiness market rules the segment with its diverse and massive market of masks, wearable sleep trackers, cushions, Positive Airway Pressure Devices, CPAPs and others.

The segment of Therapeutic drugs is growing at a faster pace of sodium oxybate market. By Distribution channels, Hospitals and sleep centers occupy the largest segment of excessive daytime sleepiness market, propelled by the advanced diagnostics, precision therapies and government reimbursements.

The Home Care Settings segment is growing at a faster rate with affordability and comfort.

Excessive daytime sleepiness Market: Regional Outlook

North America dominates the global excessive daytime sleepiness market with rising patients, key players, advanced healthcare and research. Europe holds the second-largest excessive daytime sleepiness market due to its high prevalence of excessive daytime sleepiness and advanced healthcare.

The Asia-Pacific excessive daytime sleepiness market is revamping with the highest growth rate, driven by its rising Excessive daytime sleepiness cases, advancing therapies and technology. South Asian regions including India, where Government and healthcare institution provide aid for awareness and therapies for excessive daytime sleepiness.

Latin America excessive daytime sleepiness market is also growing with the surging cases of OSA and improving healthcare. Middle East & Africa excessive daytime sleepiness market is also elevating due to the surging cases of OSA, narcolepsy and increase in awareness.

Excessive daytime sleepiness Market: Key Players

The key players of global excessive daytime sleepiness market include

  • Teva Pharmaceutical Industries Ltd.
  • GE Healthcare
  • Jazz Pharmaceuticals
  • Compumedics
  • Fisher & Paykel Healthcare
  • BIOPROJET
  • BMC Medical Co. Ltd.
  • Avadel Pharmaceuticals plc
  • Cadwell Laboratories Inc. Ltd
  • GlaxoSmithKline plc
  • Braebon Medical Corporation
  • Pfizer
  • Becton Dickinson
  • Theranexus
  • LivaNova PLC and Merck & Co.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

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

Regional analysis includes:

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

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.

Excessive daytime sleepiness Market: Segmentation

The global excessive daytime sleepiness market is segmented into diseases, treatment, distribution channels and regions.

Diseases

  • Obstructive Sleep Apnea (OSA)
  • Narcolepsy

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Treatment

  • Devices (Diagnostics, Therapy)
  • Therapeutic Drugs (Stimulants, Anti-Depressants, Amphetamine salts, Sodium oxybate)

Distribution channels

  • Hospitals & Sleep Laboratories
  • Home Care Settings

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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Nasal Sampling Lines Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2022-2030

Nasal sampling lines are the specifically designed medical sampling lines for sampling, monitoring and delivery of oxygen, carbon-di-oxide and other gases through nasal route.

Nasal sampling lines are used for the treatment for chronic respiratory complications, preterm births and strokes, and can be used with bi-level ventilators and CPAP device. World Health Organization (WHO) has stated that 65 million people are affected with Chronic obstructive pulmonary disease (COPD) which is considered the third leading cause of death worldwide.

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According to the Centers for Disease Control and Prevention (CDC), in the U.S. over 7.95 million people suffer through the stroke, with 1.4 million deaths reported. Coronavirus or COVID-19 has surged the burden of respiratory complications and fatalities, for which nasal sampling lines emerge as a vitally preventive and therapy option.

The global nasal sampling lines market growth is boosted by the soaring cases of respiratory infection associated with increasing air pollutions, along with the advancement of medical technology of nasal sampling lines.

Nasal sampling lines market growth is fuelled by the emergence of a recent pandemic of Coronavirus. Nasal sampling lines are recommended for Coronavirus treatment by the CDC.

The respiratory complications and lethality of Coronavirus has pushed the market to elevate exponentially to meet the massive demands of nasal sampling lines.

Nasal Sampling Lines Market: Drivers and Restraints

The drivers of nasal sampling lines market include the surging tolls of respiratory diseases demanding for accurate and effective measurement of gases and delivery of supplement gases for treatment. The respiratory complications are amplified due to the diseases and air pollution including COPD, Coronavirus, asthma, carbon monoxide poisoning, preterm births, stroke, cystic fibrosis and pneumonia.

The compliance of nasal sampling lines is due to the minimal invasiveness, minimal skin contact, easy insertion, compact size, affordability, efficacy and safety in the delivery and monitoring of gases via the nasal tract.

The synergistic collaborations between government & healthcare groups, advanced R&D, hospitals’ reimbursement policies, elevated investments and the emerging regional and local competitors with their novel technologies backed by the advanced R&D are fuelling the market. Some popular nasal sampling lines are available in market such as Optiflow, PureFlex, Uniflo-2 and many more.

However, there are certain restraints of nasal sampling lines market that decelerates its growth spurt. They possess some side effects including constant nasal dryness and bleeding, high oxygen level and pulmonary oxygen toxicity, risk, skin irritation and headache.

The overall market of nasal sampling lines market is poised to grow further, with the exponential growth spurt by Coronavirus pandemic, along with the advancing medical research and increasing acceptance of nasal sampling lines. The developing nations will have elevated use of nasal sampling lines due to their affordability for oxygen therapy.

Nasal Sampling Lines Market: Overview

The global market of nasal sampling line market is growing lucratively with the surging respiratory complications and medical advancements.

By types, high-flow nasal sampling lines leads the segment of nasal sampling lines type and registered fastest growth rate with their advantageous features of decreased resistance, improved gas conduction, positive airway pressure provisions, optimum humidification and adequate gas volume delivery.

By applications, chronic obstructive pulmonary disease (COPD) dominates the segment of nasal sampling lines applications due to its massive global prevalence and causalities, demanding immediate hospitalization. By distribution channels, hospitals rules the segment of nasal sampling lines applications due to their high compliance by patients for the skilled medical staff, advanced diagnostics, diverse healthcare services and high expenditure.

Nasal Sampling Lines Market: Regional Outlook

North America nasal sampling lines market dominates with the key players, surging respiratory complications, awareness of oxygen therapy, affordability, reimbursements schemes, advanced healthcare and research.Europe holds the second largest nasal sampling lines market with its advanced technology and investments, healthcare and rising demands of nasal sampling lines.

Asia-Pacific nasal sampling lines market is growing at the fastest rate with the contributing states, China and India by their giant patient pool, advancing R&D and technology, government’s support, public healthcare reforms, increased healthcare expenditures, disposable incomes and affordability of nasal sampling lines.

Latin America nasal sampling lines market is growing gradually with healthcare investments by hospitals, technology advancements and low cost of nasal sampling lines. MEA & Africa nasal sampling lines market is growing gradually with the major contributions from Israel and South-Africa having active R&D, technological advanced nasal sampling lines and progressing healthcare facilities.

Nasal Sampling Lines Market: Key Players

The key players of nasal sampling lines market include

  • Medtronic
  • Besmed
  • Mindray Medical International Ltd.
  • Flexicare
  • LivaNova
  • Salter Labs
  • Masimo
  • Smiths Medical
  • Neotech Medical Pvt Ltd.
  • Sunset Healthcare Solutions
  • Hamilton Medical and Teleflex.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on: 

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

Regional analysis includes:

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

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

Nasal Sampling Lines Market: Segmentations

The global nasal sampling lines market is segmented into types, applications, distribution channels and regions.

types:

  • Low-Flow Nasal sampling lines
  • High-Flow Nasal sampling lines

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 applications:

  • Chronic Obstructive Pulmonary Disease (COPD)
  • Acute Respiratory Failure
  • Carbon Monoxide Toxicity
  • Bronchiectasis
  • Others

distribution channels:

  • Hospitals
  • Ambulatory Surgical Centres

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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Renewable Naphtha Market is poised to grow at an impressive 10.5% CAGR through 2031

The global renewable naphtha market is slated to reach US$ 422.0 Mn in 2021, finds Future Market Insights (FMI) in a recent market analysis. Rising demand for eco-friendly alternatives for plastics in various end-use industries is projected to enable sales at an impressive 10.5% CAGR.

Considering this, FMI has forecast the market valuation to top US$ 1.15 Bn in 2031. Renewable naphtha finds applications in plastic articles, décor products in residential and commercial spaces, packaging, and production of bioplastics and hydrogen gas. Shifting consumer preference towards bioplastics is spurring demand for renewable naphtha, and the trend is expected to continue over the forecast period.

In response to growing concerns regarding carbon emissions, governments various countries have imposed stringent regulations regarding production of plastic and blending fuel. This is compelling manufacturers to invest in research and development to launch innovative renewable naphtha products to improve sales.

Besides this, government-backed investments, and subsidiaries to promote bio diesel production and reduce dependence on fossil fuels are anticipated to bode well for the renewable naphtha market.

Further, increasing applications of renewable naphtha in the packaging sector is expected to propel sales of the same. Renewable naphtha is considered an effective alternative to plastic packaging, and its applications in consumer products and food packaging are projected to continue gaining momentum.

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As per FMI, the U.S. is anticipated to lead the North America renewable naphtha market. Strong presence of various end-use industries including plastics, consumer goods, automotive and construction will continue propelling sales of renewable naphtha over the forecast period.

Owing to the growing plastic products utilization due to rapid population growth all over the globe, the need for Renewable Naphtha is anticipated to increase in the coming years. Furthermore, owing to critical usage across plastic, automotive industry, packaging, and so on, Light Naphtha thus provide a growth impetus to the market. Moreover, the increasing urbanization all over the globe due to expanding economies and industrialization reinforces growing demand for Renewable Naphtha.

The renewable Naphtha market and its global supply chain have been impacted considerably owing the Covid-19 pandemic crisis, which disrupted the overall supply of raw materials. However, key players are evaluating agile automation solutions across the supply chain to provide the products without disruption. Thus along with demand recovery from end use sectors, the global market of Renewable Naphtha is anticipated to grow with a growth rate of 10.5% during the forecast period of 2021 and 2031.

Key Takeaways:

  • Sales of light renewable naphtha are anticipated to account for around 92.7% of the total renewable naphtha market share in 2021.
  • In terms of end-use, application of renewable naphtha in plastic productions is projected to continue rising, accounting for 72.8% of the total market share.
  • The renewable naphtha market in the U.S. is projected to expand at a 7.9% CAGR in 2021.
  • India will emerge as an attractive market with sales growing at a robust 8.0% CAGR in 2021.
  • China will continue exhibiting high demand for renewable naphtha, holding lion’s share in the East Asia market share.
  • Germany is projected to account for over one-third of the Europe renewable naphtha market share in 2021.
  • Japan and South Korea are expected to hold 17.2 and 4.3% of the total renewable naphtha market share respectively.

“Introduction of novel technologies such as hydrotreated vegetable oil (HVO) and Neste Renewable Diesel (formerly known as NExBTL) to bolster for renewable naphtha production will continue driving sales in the market. Besides this, development of advanced techniques to utilize waste and feedstock residue in renewable naphtha production is projected to augment growth of the market through 2031,” says an FMI analyst.

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Competitive Landscape

Top players operating in the global renewable naphtha market include Neste, ENI, Darling Ingredients Inc., CNPC, Diamond Green Diesel & Renewable Energy Group, Inc. Players are focusing on strategic collaborations to expand their production capacity in emerging economies by setting up new production units. Besides this, investments in research and development to improve product portfolios will remain a part of growth strategies adopted by key market players. For instance:

  • In October 2021, Neste collaborated with Finnish restaurant chain Hesburger as a part of circular economy collaboration. Through this collaboration, Neste and Hesburger aim to collect used cooking oil from over 300 restaurants in Finland to produce renewable disel and naphtha.

More Insights into the Renewable Naphtha Market Report

In its latest report, FMI offers an unbiased analysis of the global renewable naphtha market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (light naphtha and heavy naphtha), and end-use (fuel blending, feed for H2 production, and feed for plastic production (ethylene, propylene, butadiene, and others) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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About Future Market Insights (FMI)

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

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Potassium Carbonate Market is forecast to expand at a 4.4% CAGR through 2031

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global potassium carbonate market is projected to reach US$ 1.9 Bn in 2021. Expanding at a 4.4% CAGR, the market valuation is expected to top US$ 2.9 Bn by 2031.

In 2020, the COVID-19 pandemic negatively impacted demand for potassium carbonate. Nationwide lockdown restrictions and disrupted supply chains further dampened sales prospects of potassium carbonate. However, FMI has projected the market to recover at a steady pace, as sales are anticipated to grow by 4.1% year-over-year between 2020 and 2021.

Increasing demand from various end-use industries such as agrochemicals, food and beverages, glasses, and cleaning products are anticipated to boost sales of potassium carbonate over the forecast period.

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In addition to this, rising adoption of potassium carbonate in fire suppression products, personal care products, inks and dyes and water treatment are also bolstering growth of the market. Strong development in the chemical sector in East Asia, North America and Europe are expected to continue pushing sales of potassium carbonate.

As per FMI’s in-depth regional analysis, the U.S. is expected to lead the North America potassium carbonate market. Growth can be attributed to increasing sales of packaged food products in the country, along with robust presence of key automotive companies in the country.

“Increasing applications of potassium carbonate in the automotive industry, coupled with rapid expansion of the construction centre driven by urbanization is expected to bode well for the global potassium carbonate market through 2031,” says an FMI analyst.

Key Takeaways:

  • Based on product form, the powder segment is expected to expand at a 4.2% CAGR in 2021.
  • In terms of application, sales of potassium carbonate in the glass segment are projected to rise at a 3.7% CAGR through 2031.
  • The U.S. will continue exhibiting high demand for potassium carbonate, with demand rising at a 3.8% CAGR in 2021.
  • Sales of potassium carbonate in India are expected to grow by 5.0% year-over-year between 2020 and 2021.
  • China will emerge as a lucrative potassium carbonate market, expanding at a 5.1% CAGR over the forecast period.
  • Japan and South Korea will account for 17.6% and 13.2% of the total potassium carbonate market share respectively.

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Competitive Landscape

Evonik Industries AG, UNID GLOBAL Corporation, Oxy (Occidental Petroleum Corporation), Gujarat Alkalies and Chemicals Limited, Vynova Group, AGC Chemicals, JSC Pikalevskaya Soda, Esseco Group, Shanghai Wentong Chemicals Co., Ltd. (Wentong Group), Foodchem International Corporation, Shanxi Guangyuan Fertilizer Co., Ltd., Armand products, Zhejiang Dayang, Zhejiang Juhua Co., Ltd., and Hebei Xinjichemical are among the key players operating in the global potassium carbonate market.

Top 5 players comprising Oxy (Occidental Petroleum Corporation), Evonik, Zheijang Juhua Co. Ltd., AGC Chemicals and Armand Products are anticipated to account for approximately 58% of the total potassium carbonate market share over the forecast period.

As a part of their growth strategies, leading players are investing in strategic collaborations, mergers, and acquisitions to expand their production capacity. Players are also focusing on digitalization to improve production and sales by introducing AI, machine learning, automation, and block chain. For instance:

  •  In 2016, Evonik and AkzoNobel commenced a joint venture in Germany and set up a manufacturing unit for the processing of chlorine and potassium hydroxide solution into several products including potassium carbonate.

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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.

Contact:
Corporate Headquarter
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Silica Sand for Glass Making Market to reach a valuation of US$ 7,411.7 Mn in 2029

The global silica sand market for glass making is highly influenced by demand for glass from the food & beverage industry, as a majority of manufacturers pack alcoholic drinks in glass bottles or containers. The key factor behind this is the fact that, glass packaging preserves the original taste and quality of the drink inside as compared to metal or plastic.

On the back of this important factor, the global silica sand market for glass making is projected to register a CAGR of 4.6% over the forecast period of 2022-2029.

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Key Takeaways of Silica Sand Market for Glass Making Study

  • The demand for silica sand for glass applications is anticipated to increase at a significant rate, on account of increasing per-capita consumption and purchasing power, and growing awareness of the importance of hygiene in the packaging of food products.
  • An increase in glass making activities in developing countries is anticipated to have a positive impact on the growth of the silica sand market for glass making.
  • East Asia holds a prominent share in the global silica sand market for glass making, attributable to the increasing application of glass in various end-use industries in this region.
  • Increasing consumption of glass for packaging food products and photovoltaic cells in solar energy is anticipated to propel growth of the silica sand market for glass making. Moreover, glass has extensive applications in construction, automotive, pharmaceuticals, and scientific instruments & analytical research, along with cookware & utensils.
  • Glass manufacturing companies strive to introduce new and innovative production technologies to cater to the rising global demand for glass. This is anticipated to offer substantial opportunities to players in the silica sand market for glass making.

“Increasing demand for glass from several end-use industries is expected to create significant growth and expansion opportunities for silica sand suppliers/ manufacturers, as well as contribute to the overall growth of the global silica sand market for glass making.”

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Increasing Preference for Glass Containers to Propel Market Growth

The enhanced visual appeal of products packaged in glass containers along with the transparent nature of glass enables manufacturers to showcase the premium quality of their products. Glass is a versatile material in container manufacturing, and containers can be made from this material in a wide range of colours, shapes, and sizes. Moreover, manufacturers in the food & beverage industry prefer the use of glass containers, and, as such, the food and beverage segment accounts for a substantial share in terms of volume as compared to other applications in the global silica sand market for glass making. This segment accounted for more than one-third share of the global silica sand market for glass making in 2018.

These factors are anticipated to have a positive impact on the growth of the global silica sand market for glass making over the coming years.

Silica Sand Market for Glass Making Moving towards Consolidation

The silica sand market for glass making is significantly driven and dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the global silica sand market for glass making are U.S. Silica, Imerys Refactory Materials, Sibelco, Fairmount Santrols, Badger Mining, and JLD Minerals. These players are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.

Silica Sand Market for Glass Making Taxonomy

By Application

  • Flat Glass
  • Fiber Glass
  • Glass Containers
  • Special & Technical
  • Tableware Glass
  • Others

By Purity

  • High Purity
  • Ultra High Purity

By Region

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

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Want to Know More?

Future Market Insights has published a market research report on the silica sand market for glass making, which contains global industry analysis of 2014–2021 and opportunity assessment for 2022–2029. This report provides an unbiased analysis of the silica sand market for glass making through four different segments – purity, application, end use, and region. The silica sand market for glass making report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

Automotive Appearance Chemicals Market is expected to increase at 4.9% CAGR between 2021 and 2031

As per a recent market analysis by Future Market Insights (FMI), the global automotive appearance chemicals market is poised to expand at a 4.9% CAGR, totaling US$ 41.7 Bn in 2031.

Rapid urbanization, easy credit availability and increasing per capita expenditure is elevating demand for automobiles across the globe. Key automotive manufacturers are increasing their production capacities to cater the growing demand for automobiles across the globe.

With consistent growth in sales of automobiles, demand for automotive appearance chemicals is also expected to rise in a ripple effect during the forecast period, as they are regularly used over the entire lifetime of a vehicle.

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Moreover, key manufacturers are focusing on developing eco-friendly products in response to growing awareness regarding harmful effects of chemicals on the environment. Increasing consumer preference for biochemicals is anticipated to continue driving sales of automotive appearance chemicals over the forecast period.

As per FMI, the U.S. is projected to emerge as the most lucrative pocket in North America automotive appearance chemicals market. Presence of key market players, along with increasing sales of autonomous and luxury vehicles in the country are anticipated to continue providing tailwinds to automotive appearance chemicals sales over the assessment period.

“Stringent regulations imposed to control toxic emissions during chemical manufacturing processes, couples with government initiatives promoting sales of electronic and hybrid vehicles in various countries are anticipated to bode well for the global automotive appearance chemicals market through 2031,” says the FMI analyst.

Key Takeaways:

  • In terms of product type, sales of windshield washer fluids are expected to grow at 4.2% CAGR, accounting for 50% of the total market share through 2031.
  • Demand for automotive appearance chemicals in the passenger car segment is slated to rise at a 5.1% CAGR, holding 70% of the total market share.
  • Aftermarket will remain the most preferred sales channel, commanding 95% of the total automotive appearance chemicals market share.
  • The U.S. is projected to dominate the North America market, accounting for 89.2% of the market share in 2031.
  • Sales of automotive appearance chemicals in Germany are poised to rise at a 4.2% CAGR over the forecast period.
  • China is projected to hold over 60% of the East Asia automotive appearance chemicals market share.
  • Japan and South Korea will collectively account for 4.1% of the global automotive appearance chemicals market.

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Competitive Landscape                                                                                          

According to the Market Research analysis, PPG Industries, 3M Company, BASF SE, Energizer Holdings Inc., Kao Corporation, Jax Wax Inc., Sonax GmbH, Malco Products Inc., Koch Chemie GmbH, Mothers Polishes Wax Cleaners Inc., Koster Keunen Inc., The Darent Wax company Ltd., Future Development (manufacturing) Ltd., Northern Labs Inc., CRC Industries., Sasol Ltd., Altro Limited., Turtle Wax Inc., DuPont de numerous, Inc., among others are the key players identified by Future Market Insights in the market.

Top 5 players comprising 3M Company, PPG Industries, Sasol Ltd., BASF SE and DuPont de Nemours, Inc. are expected to command 40-45% of the total automotive appearance chemicals market share over the forecast period.

Leading players are actively investing in strategic collaborations, partnerships, mergers, and acquisitions to strengthen their distribution networks, and to expand their global footprint in the market. Apart from this, research, and development to develop more eco-friendly products will remain a part of growth strategies adopted by players over the assessment period. For instance:

  • In April 2021, Armor All®, a prominent brand in quality car maintenance products for all automobile operators, announced that Red Bull Racing Honda has entered into a worldwide, multi-year collaboration with it.

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More Insights into the Automotive Appearance Chemicals Market Report

In its latest report, FMI offers an unbiased analysis of the global automotive appearance chemicals market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (into polishes, windshield washer fluids, soaps, coatings, and car wax), vehicle type (passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV)), sales channel (aftermarket and original equipment manufacturers (OEMs)), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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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Paraffin Wax Market | Demand for Flexible Packaging to Remain Major Growth in Global Industry

The paraffin wax market is pegged at a steady CAGR of approximately 4.8% through the forecast period (2019-2029). The market is projected to receive impetus from aromatherapy and packaging applications through 2029. Growing sentience among consumers for home ambience is expanding the paraffin wax market. Moreover, role of paraffin wax in cosmetic industry is contributing to steady demand.

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Key Takeaways of Paraffin Wax Market Study

  • Aromatherapy will generate profuse demand for candles manufactured from paraffin wax through the forecast period.
  • Hotels, commercial businesses and spas continue to account for substantial consumption of paraffin wax.
  • Packaging applications of paraffin wax in food & beverages, personal care, and pharmaceutical industry account for significant demand.
  • Use of paraffin wax for treating rheumatoid arthritis and osteoarthritis is gaining traction in physiotherapy.
  • Gains in global paraffin wax market to remain concentrated in Asia Pacific.
  • Demand for paraffin wax will be stagnated by the development of natural alternatives such as beeswax.
  • Stringent government regulations against particulate emissions is projected to be a major roadblock for the growth of paraffin wax market.

Premier companies must form joint ventures with other industry leaders to expand their wax production capacity in high-growth regions for solidifying their place in global paraffin wax market.

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Asia Pacific Constitutes 39.5% Share in Paraffin Wax Market

China and India are leading growth contributors in Asia Pacific paraffin wax market in terms of production and consumption. Escalating demand for cosmetic products in the region is bolstering the paraffin wax market. On that premise, Asia Pacific accounts for approximately 39.5% revenue share in paraffin wax market. The trend is projected to continue over the forecast period.

Thriving pharmaceutical, cosmetic, packaged food & beverages industries are creating stream of opportunities for paraffin wax manufacturers in developed countries. North America, particularly United States will contribute substantially to regional market growth. Moreover, the market is receiving tailwinds from heightened demand for fragrance products.

Joint Ventures to Remain Key Agenda of Market Players through 2029

Major players profiled in this study include, but are not limited to, Venezuela National Oil Company, Royal Dutch Shell Plc, Sasol Wax, CNPC (Sinopec), Petrobras, Marathon Oil Corporation, Naftowax, Big West Oil LLC, Petro Canada Lubricants, Nippon Siero Co, and Cepsa Company. Key stakeholders continue to opt for joint ventures to bolster their credibility in paraffin wax market.

For instance, SINOPEC created a joint venture with NOVATEK and Gazprombank (2019) to market natural gas and Liquid Natural Gas (LNG) in China. Besides, capacity expansion activities by key players is underpinning the growth of paraffin wax market. However, stringent environmental regulations will present significant hurdles for prominent manufacturers.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global paraffin wax market. The major categories encompassed by the report include type (fully-refined wax and semi-refined wax), application (rubber, board sizing, hot melts, cosmetics, packaging, and candles) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

About Future Market Insights (FMI)

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

Contact:
Corporate Headquarter
Future Market Insights,
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Website: https://www.futuremarketinsights.com

Chicory Roots Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2027

Chicory was originally found in Europe and Asia. The Egyptians grew it thousands of years ago as a medicine. Chicory plants, also known as Cichorium intrybus L. is an herb plant which belongs to the family Compositae which is also known as succor, blue-sailors and ragged-sailors. The leaves of chicory plant are used as pot-herb or as a salad. The dried roots of the chicory plants are used as a medicine since ancient times and the dried and roasted root is used as a substitute for a coffee as it contains no caffeine, consumption of low caffeine lower epinephrine and cortisol levels when sleeping in a stressful life circumstances, it helps in reducing caffeine consumption and checks cortisol levels which reduce stress which has a sweet pleasant taste. Chicory roots are baked and grounded then it is used as a coffee substitute and also known as coffee weed. It adds fiber to foods and has a smooth & creamy feeling in the mouth similar to fat, which is a great fat replacement products. 

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Chicory root contains up to 8% inulin which cannot be broken down by human digestive enzymes and used in high-fiber and gluten-free products which are done by pulling the inulin from the roots of the chicory plants. Chicory roots are fibrous in nature, due to the fibrous composition that is why it is not digested in the small intestine, but maintains its forms and travels to the large intestine. Chicory roots are most commonly used for medicine used for reducing weight loss, constipation, etc.

Chicory Roots Market: Segmentation

Chicory roots market is segmented on the basis of product type, application and end-use industry. On the basis of product type chicory roots are segmented in chicory root powder and inulin. Chicory root powder resembles with regular coffee and also has various health benefits. Inulin is derived from chicory roots, which can be seen in low-fat or dairy-free yogurt, ready to eat protein shakes. Among these segments inulin contributes higher market share in terms of value and expected to remain constant over the forecast period. Increasing health awareness among the consumers is driving the inulin segment growth. Inulin is also known as prebiotic ingredient which supports the natural, healthful bacteria in the lower Gastro Intestinal (GI) tract.

On the basis of end use applications chicory roots market is segmented as food and beverages, pharmaceutical industry and dietary supplements. Further food & beverage segment can be sub-segmented into dairy & frozen desserts, bakery & confectionery products, energy bars, breakfast cereals & granola products and beverages. Inulin provides a creamy texture and also makes food products healthier by adding fiber without the calories. Inulin is a type soluble dietary fibers and added to various food & beverage products to improve nutritional properties without altering the functional properties.

Chicory Roots Market: Region wise outlook

Chicory roots are native to Europe and live as a wild plant on roadsides, now it is also common in North America and Australia where it has become widely naturalized. Europe has dominated the regional demand for food and beverage application followed by Latin America. North America market in the pharmaceutical industry is likely to grow at steady rates. Asia Pacific is the fastest growing region, India and China market is expected to benefit from government policies are favoring FDI with various financial incentive schemes and also announced subsidiary to chicory farming in India.

Chicory Roots Market: Drivers

Chicory roots are smooth and creamy feeling, used in the dairy industry where chicory roots are used in the formulation of cheese, ice-cream and yogurts demand is increasing in Asia-Pacific and MEA which can force manufacturers to increase the production capacity. This factor can influence market growth. Increasing application in the pharmaceutical industry can also drive growth over the forecast period. Growth in per-capita middle-class spending capacity can also drive the market during the forecast period.

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Chicory Roots Market: Key players

The global chicory root market share is consolidated and also highly competitive with a limited number of companies. Some of the key participating players in Chicory roots globally are Cargill, Incorporated, , SHAANXI SCIPHAR NATURAL PRODUCTS CO., LTD, Jarrow formulas, Delecto Foods Private Limited among others.

The report covers exhaustive analysis on:

  • Chicory Roots Market Segments
  • Chicory Roots Market Dynamics
  • Chicory Roots Historical Actual Market Size, 2013 – 2015
  • Chicory Roots Market Size & Forecast 2016 to 2026
  • Chicory Roots Supply & Demand Value Chain
  • Chicory Roots Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Chicory Roots Technology
  • Value Chain
  • Chicory Roots Market Drivers and Restraints

Regional analysis for Chicory Roots Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth Polishing / Lapping Film 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.

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Tire Materials Market is estimated to create an incremental opportunity of US$ 99.99 Bn by the end of 2028

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research. According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

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Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires. Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires.

Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years. The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities. Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years.

A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion. Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

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East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

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Robust Industrial Growth Driving HCV and LCV Sales

Due to the flourishing industrial sector, including manufacturing, mining, construction, utilities and oil & gas, the sales of HCVs and LCVs has increased in the global market and is expected to further increase during the forecast period. Due to this, many tire companies are entering the market in the Asia-Pacific and MEA regions with the hope of capitalizing on increased sales and expanding their geographical footprint.

Companies in the tire materials market are focusing on developing products that comply with safety norms of the local market. Through effective research, development and innovation, global manufacturers will find opportunities to capture the unexploited market and increase their market share. Thus, increasing tire production activities to cater to this increasing demand will positively influence the tire materials market

About Future Market Insights (FMI)

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

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
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Website: https://www.futuremarketinsights.com