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The global flue gas desulphurization market is expected to register a CAGR of 3% during the forecast years of 2020 and 2030. The growing need to fight the air pollution battle has boosted the demand for flue gas desulphurization (FGD) systems. Stringent national and international laws to install air filtration units in places that emit Sulphur dioxide (SO2) are expected to key drivers for this market in the next decade. All the prominent industrialized nations around the globe have formulated regulations concerning mitigation of carbon and sulphur dioxide emissions as maintaining global temperature gained spotlight.

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Emission Norms to Necessitate Installation of FGD Systems

Rapid industrialization and concentration of manufacturing activities in Asia Pacific has created a serious need for implementation of FGD technology to reduce emissions. In addition, exponential usage of electricity, rise of coal-fired operations, especially in China and India are expected to give this market a shot in the arm. In the wake of recent pandemic, the focus on seeking solutions for climate change is going to draw attention to every solution for reducing emissions. Thus, as economies begin to recovers, nations will make a hurried investment in FGD technology to make air cleaner, avert chances of acid rain due to particles of nitrogen and sulphur, and better temperature conditions.

Power Generation Sector to Remain Key End User due to Coal

On the basis of type, the FGD market can be segmented into dry and semi-dry FGD system and wet FGD system. Analysts expect that the wet FGD segment will pace ahead as it highly efficient and is thus found in majority of the industrial units. As coal-fired plants are biggest contributors of flue gases, it is mandatory to ensure efficient systems to ensure clean coal energy generation. This is expected to keep wet FGDs segment in the lead in the coming decade.

The key end users of FGD technology are manufacturing plants, chemical industries, iron and steel industries, power generation, and others. The power generation segment is expected to assume lead as demand for electricity and power continues to be relentless in developing economies. Economies focussing on manufacturing will continue to demand high energy generation, which in turn will feed the demand for FGD technology during the forecast period.

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Asia Pacific to Lead as Manufacturing Activities Remain Integral of Developing Nations

In terms of region, Asia Pacific is expected to exhibit a steady growth during the forecast period. In an earlier forecast though India and China presented incredible opportunity, the focus is now shifting from China. Manufacturing units are looking at shifting base from China to Japan and India as the world tries to cope with COVID-19 pandemic. As coal continues to be a cheap source of energy in developing economies, the rise of manufacturing will be Asia Pacific’s way ahead in the global economy. This in turn will keep the regional ahead as the economy recovers.

Key Players

The key market players in FGD market are Ducon Technology Inc., Alstom S.A., Mitsubishi Heavy Industries, Siemens Energy, Wilcox, Marsulex Environmental Technologies, and Babcock

How Will Growth Unfold?

In the coming years, containing emissions, cleaner air, and a lesser negative impact on environment are likely to be the key goals of any big company. Every nation will have to rework its strategies to recover of the ongoing 2020 recession while taking care of the environment. Thus, the future of the FGD systems is a bright one. Analysts at FMI anticipate that the market will steadily recover and flourish as energy mixes alter. However, the players need to rethink of building their markets as alternative energy solutions will gain prominence.

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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

As per newly released data by Future Market Insights (FMI), the men’s skincare products market is estimated at US$ 13,572.6 Mn in 2022 and is projected to reach US$ 28,344.8 Mn by 2029, at a CAGR of 8.0% from 2014 to 2021. The share of the men’s skincare products market in its parent market (skincare product market) is close to ~8%-11%.

Sales of men’s skincare products are mostly concentrated at shaving products, moisturizers, creams, sunscreen, and cleansers and face wash. Side effects associated with the use of personal care products will however remain the key factors limiting sales of men’s grooming products in the near future.

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Manufacturers are focusing on developing novel products to ride on the new trend wave of natural and organic skincare. Manufacturers have also intensified focus on sophisticated product ingredients and packaging for sharper profit margins. The growing demand for anti-aging products and moisturizers will be an important factor driving the market growth.

Key Takeaways – Men’s Skincare Products Market

• In 2021, ~37% of the world’s skincare products were launched in the U.K., followed by the U.S. with ~25%, and France, close to ~15%.
• Europe will hold significant shares in men’s skincare products market owing to the exceedingly high concentration of beauty & skincare manufacturers in the region.
• East Asia will be a lucrative investment pocket for companies in the men’s skincare products landscape, as the J-beauty and K-beauty cosmetic trends are proliferating in this region at a pace.
• High demand for organic products will be one of the key attributes complementing global men’s skincare products market growth.
• Oily skin issues in men remain the top revenue generator, whereas issues with sensitive skin are hinting at a rapidly emerging category to invest in.
• Online retail would be the significantly profitable sales channel. 

The clean beauty movement and microbiome skincare have gained momentum in Europe owing to high product awareness among consumers. These are observed as the latest trends in the skincare industry, which propel the European beauty & personal care market growth. These trends result in the region accounting for the highest revenue share in the market.

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Premiumization – The New Trendsetter in Market

Product premiumization has been observed as the latest trend in the men’s skincare products market. Now companies offer natural and organic skincare products with natural extracts in an attractive packaging that comes under the premium category. Globalization and economic growth, especially in developing countries, offer lucrative opportunities for various companies to capitalize on. These companies are resorting to premiumization of their personal care product portfolios to strengthen their market position.

Know Who is Winning

The report highlights some prominent players in the global men’s skincare products market are Procter & Gamble plc, Beiersdorf AG, Johnson & Johnson Services, Inc., Estee Lauder Companies, L’Oréal S.A, Unilever PLC, Clarins Group, Chattem Inc., Clinique Laboratories, Kiehl’s LLC, Susanne Kaufmann Company, Lancôme Company, Galderma Laboratories, L.P., and Aveda Corporation. Key players are targeting millennials with high spending capability, and are developing premium product ranges endorsed by celebrities.

The global men’s skincare products market is significantly consolidated. These players offer men’s skincare under various brands targeting different demographic groups.

More About the Report

Future Market Insights, in its new offering, provides an analysis of the global men’s skincare products market, presenting historical demand data (2014-2021) and forecast statistics for the period of 2022-2029. The men’s skincare products study reveals compelling insights on the men’s skincare products market on the basis of product (cleansers & face wash, moisturizers & creams, serums, oils, & treatment, shave care, sunscreen, facial scrubs & polishes, and others), skin (oily, dry, sensitive, combination, and normal skin), price range (economy, mid-range, and premium), source (organic, conventional), and sales channel (supermarkets/hypermarkets, specialty stores, multi-brand stores, discount stores, salon/grooming clubs, drug stores & pharmacies, online retailers, other sales channel), across seven major regions.

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As demand for energy is increasing worldwide along environmental conservation measures and volatility in energy prices, there is urgent need for development of alternative energy sources and energy conservation. Some of the developments include automatic timers and programmable thermostats which turn off lights when not needed and control their heating and cooling systems to reduce consumption. However, use of alternative sources of technology has been limited due to various reasons such as uncertainty of alternative energy supplies (e.g. water, sunand wind), difficulty in recovering costs and difficulty in integration all the sources and devices into a single conventional electrical control system. 

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A modular energy control system allows an energy consumer to better balance generation, consumption and storage of electrical energy. It also allows the energy consumer to store the electrical energy generated from different sources such as PV (photovoltaic) panels, batteries, etc. With conventional use of modular energy control systems, consumers can more efficiently use the energy resources by monitoring energy supplies and projecting energy demands. However, the equipment required to integrate and coordinate energy balancing may be bulky and expensive.

A modular energy control system is a wireless base unit which communicates with one or more wireless load manager units to receive power supply and demand projections from one or more loads connected to the wireless load manager. In case of dynamic variables such as change in electricity prices, the base unit transmits the message to the load manager to reduce power consumption by one or more loads or to shut it off if required. New load managers can be added to the system with a scalable cost and minimal configuration.

The modular energy control system is a major part of energy management, more specifically methods for controlling energy generation and consumption devices, better known as smart power grids. The energy management system focuses primarily on energy consumption, however, by integrating demand and supply side options with energy consumption choices, various modular energy control systems can be used to increase energy and cost savings. A modular energy control system is equally efficient where the demand forecasting from electrical power and supply from the energy sources are weather dependent, such as PV panels.

For instance, a business pays electricity bills on perkilowatt-hour basis. The company bears an additional charge for peak hours during the billing period. Using modular energy control systems, the instantaneous energy usage can be monitored. The system can then be adjusted so as to discourage peaky consumption because of high cost, for a short period. If the demand exceeds a threshold, demand from the grids can be reduced using batteries or critical energy users like freezers, which can be easily unplugged or disconnected using direct controls, controllable relays or sensors.

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The need for efficient energy generation, consumption and storage is the major market driver for modular energy control systems. The use of renewable energy resources for generation of electrical power on a large scale is one of the major challenges for the modular energy control systems, as the stability of the grid is affected. The market for modular energy control system can be segmented into software and hardware solution providers. Top ten EMS (Energy Management Software) providers are JouleX Energy Manager, Utilities Direct, SAPSE, EnergyCAP, Schneider Electric,PowerLogic ION EEM, CRedit360, eSight Energy, C3 Energy, Hara EEM and CA Technologies.

Modular energy control systemsequip consumers of electrical energy with better measures to balance the generation, consumption and storage of power. If power generation and its demand and supplyare monitored properly then it will be much easier for energy consumers to utilisethe electrical energy more efficiently.

The research report presents a comprehensive assessment of the modular energy control system market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, geographies, types, technology and applications.

The report covers an exhaustive analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competitionsand Companies Involved
• Technology
• Value Chain

Regional analysis includes

• North America
• Latin America
• Asia-Pacific
• Japan
• Western Europe
• Eastern Europe
• Middle East & 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. It provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Modular Energy Control System Market 

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

Manufacturing execution system (MES), as the name suggests, it’s a computerized system, which can be implemented in the manufacturing process, to increase manufacturing efficiency and accuracy. It manages and monitors work in process on a factory floor. The goals of MES are to make the manufacturing process more efficient and improve productivity by reducing the cycle time. MES has replaced manual operations into paperless operations for faster transfer of information and improve the process of decision making.

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The two basic factors that necessitate the use of MES is total quality in production and help in the decision making process. Key benefits of MES include reduced work in process inventory, support for stock keeping unit, labour tracking and ability to review efficiency by work centers, operators and equipment. Manufacturers can benefit from the integration of MES with product lifecycle management (PLM), supply chain management (SCM) and enterprise resource planning (ERP) to transform the manufacturing processes in terms of control and synchronization.

Based on the applications, MES can be segmented into two segments as discrete manufacturing industries and process manufacturing industries. The various process manufacturing industries include chemical, oil and gas, pulp and paper, food and beverages, waste water management etc.On the other hand various discrete manufacturing industries include automotive, healthcare, aerospace and defense. MES has been nowadays accepted across various segments.

The process industries have made use of MES to a very large extent and seems to be matured unless more advancement in technology takes place. There is a lot of scope and potential for MES in discrete manufacturing industries. On the basis of functions, MES market is segmented as scheduling, resource allocation & dispatch, product tracking &status, performance analysis, labour management, overall equipment effectiveness and inventory management.

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The global MES market is expected to grow two fold from 2014 to 2020, at a CAGR of 10-12%.The global market is expected to grow significantly, as manufacturers are looking to manage complex processes and products more efficiently.Europe and North America are the largest contributors in the global MES market, capturing almost equal amount of share. APAC on the other hand is expected to register higher growth as it is attracting investors to manufacture.

APAC is transforming into a manufacturing hub. All the major players of the market are focusing on the APAC region, due to rapid growth expected in the industrial and infrastructural sector. In order to cater the growing demand from Association of Southeast Asian Nations (ASEAN), the MES manufacturers are shifting their manufacturing plants to this region, to attract more consumers and gain a competitive advantage. With foreign direct investment increasing in this region manufacturing execution system is expected to witness potential growth in the region.

Key players in MES industry are Invensys operations management, Honeywell Processes Solutions, and ABB, which account for major portion of the market. Companies are getting into alliances & acquisitions to expand their business operations and increase their investment through foreign direct investment, which are expected to boost the growth of MES market.

Product life cycle tractability, improve warranty repair efficiency and reduction in labour cost are major drivers for MES market. Growth in the manufacturing industries along with government policies to increase the foreign direct investment for emerging nations such as India are expected to accelerate the growth of manufacturing execution system market and provide a promising future in this industry.

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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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

• Greater China
• India
• ASEAN
• Australia & New Zealand
• Others

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

Asia Pacific Manufacturing Execution Systems Market

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

 

According to the latest research by Future Market Insights, the private security is set to witness steady growth at a CAGR of 3.0% growth during 2021-2031. With an increasing rate of crime and threats, it is not easy for people to depend on police alone, these factors are driving the growth of personal security which is leading to continuous growth in the international security.

Over the last few years, it is seen that the personal security administrations industry has developed private players at the home just as the passage of global organizations. The most development potential and rise in sorted out play makes this business an alluring business sector.

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What is Driving Demand for Personal Security?

The demand for security is continuously increasing in the office, schools, universities, industries etc. Because they keep people away who don’t have a prior relationship or an appointment with the required person. Companies and organizations frequently issue them with an identity card or a badge in order to track and identify them. As a result, players have a wonderful opportunity to improve their security and increase their position in a competitive market.

It is seen that modern class families, celebrity, VIP, major witness and a person who have some confidential information can hire a personal security guard. Middle-class families, on the other hand, are concerned about the safety of their homes, children, possessions, and money. However, the Internet of Things (IoT) helped to mitigate these concerns.

Many private security companies provide CCTV, private alarm, emergency flashlight, portable door lock etc. This innovation encourages the customers to take advantage of personal safety devices at an affordable price and also helps the company to launch such products and generate more revenue.

Security and surveillance robots and drones are also provided by players. Individual activities in huge events or programs with enormous crowds, such as sports and music concerts, are extremely difficult to track. As a result, the drone is employed in all of these programs to monitor people’s activities and effectively decrease dangers of violence and public disorder.

Factors Likely to Augment Personal Security Market

The growing concern of organizations and educational institutes regarding the safety of the employees and students respectively has led to growth in the development and manufacturing of IP-based cameras.

Also many offices and commercial complexes set up systems to avoid unauthorized access in the organization, this further helps the players fulfil the demand of the customers and generate more revenue.

Further, the increasing demand for skilled security and strict enforcement of regulations will play an important role for the company to maintain its position in the market.

Also, the concerns about crime and terrorism, rapid urbanization, low ratio of police to population are some factors that increase the market of private security.

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Covid Impact on Personal Security Market

From small communities to worldwide supply networks, the coronavirus pandemic had generated massive business and economic disruption. The demand for security guards at events and hotels is dropping in pace with the service industry’s near-complete closure. On the other hand, security guards are in higher demand in food stores, medical facilities, critical enterprises, and temporarily abandoned locations.

Furthermore, due to Covid-19 pandemic unemployment increases, many people ended up resorting on means like theft and robbery. That why many people and societies started hiring personal security guard. Apart from this, to take care of vacation transportation and manufacturing, medical department hire security guards. These guards also help to maintain the social distancing and environment of the hospital.

US and Canada Personal Security Market Outlook

The personal security sector is rapidly expanding. Because security is such a crucial aspect of people’s safety in the United States and Canada. Security job includes not only standing and protecting institutions, hospitals, individuals, and businesses, but also intellectual property and information that could be stolen.

The reason behind the growth of the security in the US and Canada are threats from domestic and foreign sources and also a rise in criminal activities. Both violent crime (includes rape, aggravated assault, robbery, gang violence, murder and non-negligent manslaughter), as well as property crime (includes burglary, motor vehicle theft, larceny, arson etc.), are growing in the country.

Who are the Key Players of Personal Security?

With the presence of a large key players, the market of private is moderately fragmented. Some of the major key playrs include

• Ava Security
•  Securitas AB
• DynCrop
• GALLAGHER GROUP LIMITED
• G4S Plc.
• ADT Inc.
• CACI International Inc.
• CoEss
• Prosegur Compañía de Seguridad SA
• EXECUTIVE PROTECTION Inc.

Personal Security Market 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

Key Segments

By Service:

• Manned Guarding
• Security Systems
• Cash Solutions
• Guard Services
• Others (Private Investigation)

By End User:

• Residential
• Industrial
• Commercial
• Government Institutions

By Region:

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

The ultra-high purity hydrofluoric acid business has seen tremendous potential owing to the proliferated growth projected by the ultra-high purity hydrofluoric acid market. The participants of the ultra-high purity hydrofluoric acid market are focusing on providing leading-edge solutions for fulfilling the chemical requirements of the customers. The ultra-high purity hydrofluoric acid market is further gaining traction owing to the reduced demand and supply gap. Major market players such as Shaowu Huaxin Chemical Industry, Fujian Long Fluorine Chemical Company, and others being situated in China, the most promising region for the ultra-high purity hydrofluoric acid market, meeting the demands on time is all the more possible. With this scenario, the business expansion in the ultra-high purity hydrofluoric acid market has simplified for the market players.

The semiconductor industry has boosted the demand for ultra-high purity hydrofluoric acid since there has been a growth in the semiconductor demand. Key players such as Stella Chemifa Corporation of the ultra-high purity hydrofluoric acid market are providing solutions such as ultra-high purity hydrofluoric acid and ultra-high purity buffered hydrogen fluoride to the market players of the semiconductor industry for their set of applications as chemical agents, thereby boosting the sales of ultra-high purity hydrofluoric acid.

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Ultra-high purity hydrofluoric acid: Market Dynamics

Across the globe, the governments of developed and developing countries are emphasizing on development of solar energy infrastructure on mass commercial scale. For the same, governments are continuously investing in expansion of existing and new project to increase the solar energy production owing to which demand for PV panel is increased across the globe. This increasing demand for PV panel is major driving factor for the growth of ultra-high purity hydrofluoric acid market. Moreover, significant growth of electronic and semiconductor industry will in turn help to drive the ultra-high purity hydrofluoric acid market. Apart from this, high capital investment and high cost relative to other cleaning solvents that may hamper the growth of ultra-high purity hydrofluoric acid market

Regional Outlook:

Over the recent past, the gradual shift of the world’s electronics and semiconductor manufacturing industry toward China, the demand for ultra-high purity hydrofluoric acid has been increased. It is expected that China ultra-high purity hydrofluoric acid market will register healthy growth over the forecast period. Meanwhile, the industrial production of anhydrous hydrofluoric acid in China has ensured availability of raw material with low cost that in turn provide impetus for the growth of ultra-high purity hydrofluoric acid market. Moreover, Japan followed by South Korea are the major market for ultra-high purity hydrofluoric acid and are expected to register steady growth over the forecast period

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Key player:

Examples of some of the market participants in the global Ultra-high purity hydrofluoric acid market identified across the value chain include:

• Stella Chemifa Corporation
• Solvay SA
• Fujian Long Fluorine Chemical Co., Ltd.
• ANALYTIKA, spol. s r.o.
• Xuancheng Hengtai Electronic Chemical Materials Co., Ltd.
• Shaowu Huaxin Chemical Industry Co., Ltd
• Merck KGaA, among other

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.

Segmentation:

Based on grade, global Ultra-high purity hydrofluoric acid market is segmented into;

• UP grade (metal impurity content < 10 ppb)
• EL grade (Metal impurity content < 100 ppb)
• GT grade (metal impurity content < 10 ppm)

Based on Application, global Ultra-high purity hydrofluoric acid market is segmented into;

• Electronics
• Semiconductor
• PV panel
• Others

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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
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

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

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

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

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

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

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

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Key Companies Profiled

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

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

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

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

Adoption of Plywood in Digital Printing Trending the Global Market

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

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Key Segments Covered in Plywood Industry Research

By Grade :

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

By Wood Type :

• Softwood
• Hardwood

By Application :

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

Future Market Insights’ new market research report titled, ‘Biomass Pellets Market: Global Industry Analysis 2017–2021 and Opportunity Assessment 2022–2032′, investigates the biomass pellets market, and provides critical insights for the forecast period 2022 to 2032. As per the findings of the report, the global biomass pellets market is projected to experience significant growth over the forecast period, because of multiple driving factors such as increasing utilization of biomass pellets in coal-fired boilers in industries, and also in commercial and domestic heating applications.

The global biomass pellets market to reach a size of US$ 19.4 Bn by 2032, and is expected to expand at a CAGR above 6.6% over the forecast period of 2022-2032. Several government policies are being implemented across geographies that are favoring the utilization of efficient bio-fuels such as biomass pellets as a replacement for fossil-based fuels. This has significantly created demand for biomass pellets, and this demand is expected to grow at a very high rate over the forecast period.

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East Asia Projected for Significant Growth Opportunities

Over the past years, Europe has been one of the key prominent regions in terms of the production and consumption of biomass pellets. However, other regions such as East Asia have emerged as lucratively growing regions in the global biomass pellets market. This has resulted from the significant growth of the markets in East Asia countries such as China, South Korea, and Japan.

China is one of the prominent hubs of industries and that use coal-based boilers. This creates ample opportunities of demand for biomass pellets that can be used as a replacement or co-fired with coal in these industries.

Furthermore, the demand in South Korea and Japan for biomass pellets has witnessed a significant hike over the past years. As a consequence, East Asia, as a whole, projects significant growth opportunities for the global biomass pellets market over the forecast period.

Sales of Wood Sawdust-Derived Biomass Pellets to Remain Prominent

The market has been segmented on the basis of different sources of biomass pellet production and on the basis of their multiple end uses, besides the seven prominent regions of the world.

• On a global level, wood sawdust is the prominent source of biomass pellet production. The growth in the sales of biomass pellets from this segment is projected to be significant over the forecast period. However, other sources are expected to gain market share over the forecast period.
• Industries with installed coal-based boilers consume a fair share of the global biomass pellets market volume. This consumption is expected to increase further over the forecast period.
• Government policies regarding carbon emissions from industries are changing across geographies in order to achieve their goals and targets of sustainable development. They have become stricter towards the quantity of carbon emitted from industries. As a consequence, industrialists are bound to use biomass pellets in co-firing applications in order to reduce their carbon content and also the cost expenditure over fuels. As a consequence, prominent demand for biomass pellets is being witnessed from industries on a global level.

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BIOMASS PELLETS MARKET TAXONOMY

The global biomass pellets market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Source

• Agricultural Residue
• Wood Sawdust
• Others

By End Use

• Power Generation
• Industrial Heating
• Commercial and Domestic Heating
• Others

Region

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

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Biomass Pellets Market: Vendor Insights

The report highlights some of the market players that are prominent and have established themselves as leaders in the global biomass pellets market. Some of the examples of the key players in this market are Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Inves, Pinnacle Renewable Energy Inc., and Abellon CleanEnergy Limited, among others. These players have a diverse set of biomass pellet offerings for industrial, commercial, as well as domestic applications. These players also participate actively in the trade of biomass pellets to reach international markets, and develop by acquiring a diverse clientele across geographies.

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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The global car rental service market reached a valuation of US$ 127 Bn in 2020. Sales are forecast to grow at a 7.2% CAGR, pushing the market size to US$ 134 Bn in 2021.

Growing demand for luxury cars for short-term transportation services is expected to augment growth of the market in the forthcoming years. Besdies this, increasing participation in recreational activities among millennials is expected to continue boosting the market over the assessment period. As per Future Market Insights (FMI), sales of car rental services represent 1-3% of the global transport market.

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Subscription models are increasingly gaining  traction among consumers as they are cost-effective and offer more convenience. Driven by this, various OEMs are entering the market with improved service offerings, which is expected to augment the growth of the market.

Further, players are aiming to improve their present working models, while utilizing their abilities in fleet management and existing public fleet presence to gain a competitive advantage.

Vehicle subscriptions are expected to entice customers who may not represent conventional customer profiles for OEMs. For example, few extravagant OEMs are trying membership models widen their customer base.

Moreover, the car subscription model permits customers to maintain a strategic distance from upfront capital necessities and long-term contracts related with buying or renting. It also allows consumers to access comfort and adaptability with the “all-in” month-to-month expense and responsibility.

Key Takeaways:

• Based on car type, demand for economy cars is expected to surge at a considerable pace over the forecast period.
• In terms of end use, the on-airport segment is projected to remain dominant through 2031.
• Sales in the mobile application segment are forecast to continue gaining traction over the forecast period.
• The U.S. is expected to dominate the North America market owing to the presence of key market players and increasing preference for ride-sharing services.
• Demand in the U.K. is expected to remain high due to growing prevalence of medical tourism in the country.

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Competition Landscape

Some of the key players operating in the car rental services market are Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, AI Futtaim Group, Localiza-Rent A Car, Eco Rent A Car, and GlobalCARS among others.

Leading players operating in the market are offering services aligned with consumers’ expectations to gain a competitive edge in the market. Besides this, players are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. For instance:

• In January 2020, Localiza Rent A Car SA had been ranked 7th place in customer service – EXAME / IBRC (Ibero-Brazilian Institute for Customer Relations)
• In 2019, Enterprise Holdings, Inc. had acquired Romsey-based car rental company, SHB Hire Ltd. The latter operates a fleet of over 18,500 commercial vehicles and this acquisition would help the company to form one of the largest U.K. commercial vehicle rental business.
• In 2019, Hertz Global Holdings and Air France jointly launched Hertz DriveU, which had designed to meet all customer transportation needs.

Car Rental Services Market by Category

By Car Type:

• Economy Cars
• Compact Cars
• Intermediate Cars
• Premium Cars
• Luxury Cars
• Others

 By End Use:

• Intercity
• Intracity
• On-Airport
• Others

By Consumer Type:

• Business
• Leisure

By Booking Mode:

• Offline Access
• Mobile Application
• Other Internet Access

By Sector:

• Organized
• Unorganized

By Region:       

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

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The global recycled scrap metal market is anticipated to expand at a steady 5.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing production of iron and steel is boosting demand for recycled scrap metals. Growing utilization of scrap metals in steel production and in non-ferrous metals processing is further expected to boost the consumption rate of recycled scrap metals.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

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As per FMI, the East Asia region is anticipated to be a key consumer of recycled scrap metals owing to strong production of iron and steel, especially in China. Backed by the aforementioned factors, the global recycled scrap metal market is projected to top US$ 98.5 Bn by 2031.

“Increasing production of electric vehicles in the automotive sector, along with rising sales of consumer electronics and wearables are anticipated to continue driving sales of recycled metal scraps over the assessment period,” says an FMI analyst.

Key Takeaways:

• By metal type, demand for ferrous metals is expected to surge at a 5.4% CAGR over the forecast period.
• The post-consumer recycled scrap metal segment is projected to hold approximately 85% of the total market share in 2021.
• Applications of recycled scrap metals in the equipment and tools segment are anticipated to grow at a 4.6% CAGR through 2031.
• Sales of recycled scrap metals in the U.S. are anticipated to increase by 4.9% year-over-year in 2021.
• Russia will emerge as an attractive recycled scrap metals market, with sales growing at a 4.4% CAGR in 2021.
• China is expected to account for over 80% of the East Asia recycled scrap metals market share in 2021.
• Japan and South Korea will collectively account for 9.9% of the total recycled scrap metals market share through 2031.

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Competitive Landscape         

Key market participants in the global recycled scrap metal market elaborated in the report includes ArcelorMittal, Aurubis AG, China Baowu Group, HBIS Group, Sims Metal Management Ltd., HKS Metals, Nucor Corporation, AMG Resources Corporation, Celsa Group, EMR Group, CRONIMET Holding GmbH, GLE Scrap Metal, Tucson Iron and Metal, ELG Haniel GmbH, Atlantic Recycling Group, LLC, Baroni Scrap Metal LLC, Kuusakoski Group Oy, IMR Innovative Metal Recycling GmbH, Romukeskus Oy, Commercial Metals Co (CMC), MetalCirc Oy, GMH Recycling GmbH, Eco-Bat Technologies Ltd., and Evraz plc.

Key players operating in the global recycled scrap metal market are focusing on increasing utilization of scrap metals to produce iron and steel to decrease waste generation and operating expenditure. Further, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

• In Oct 2021, Nucor launched Econiq, a series of net-zero carbon steel products. By Econiq, Nucor is providing the lowest greenhouse emission gas steel products to steel consumers.

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

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More Insights into the Recycled Scrap Metals Market Report

In its latest report, FMI offers an unbiased analysis of the global recycled scrap metal 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 metal type (ferrous and non-ferrous), source (production scrap and post-consumer scrap) and end-use (transportation, building & construction, consumer electronics, packaging, equipment & tools, art, décor and home furnishing and jewelry) 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.

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