Market Research Blog – Page 14517 – New Product Development

Wound Debridement Products Market will grow robustly during the forecast period of 2021 to 2031

Demand for wound debridement products is surging steadily owing to its steady demand, especially from hospitals and specialty clinics. The new edition of the report from Future Market Insights (2021-2031) offers a post COVID-19 analysis on wound debridement sales across the globe. The report also expands on the previous competitive section, with divestures, mergers & acquisitions, and new forays analyzed.

According to latest analysis, wound debridement product sales have witnessed a minor decline in US, the largest market globally. However, demand still continues to be strong and manufacturers can expect a steady stream of opportunities during the forecast period. US currently accounts for nearly one-fourth of all wound debridement sales globally.

The study also finds that manufacturers are focusing on launching innovative products to consolidate their market share.

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Key Takeaways from Study

Hospitals will remain the largest demand generators for wound debridement products
Strong demand in US to continue in 2021 and beyond, making North America the largest market globally
New product innovation to be a key focus area for manufacturers
Demand for wound debridement products rising in Asia Pacific as various economies make an early recovery from COVID-19 pandemic

Applications in Treating Chronic Ulcers and Surgical Wounds Driving Demand

Demand for wound debridement products continues to remain high for treating chronic ulcers and surgical wounds. According to the study, these two application areas continue to create opportunities for market players. Of particular significant is application in chronic leg ulcers. Chronic ulceration of lower legs continues to be a challenge area, with 3.6% of people older than 65 years suffering from this (Grant Medical College).

FMI’s study reveals that use of wound debridement products in treating these types of ulcers will continue to account for steady demand over the course of the forecast period.

Demand Likely to Increase in Asia Pacific

FMI’s analysis reveals US to be the most lucrative market for wound debridement products, but owing to relatively less impact on many Asian economies, demand is likely to surge.

China, India, and South East Asian countries have been lesser impacted by the covid-19 crisis, as compared to US and Western Europe. Further, healthcare sector in these countries is going through an infrastructure revamp, which is also likely to create opportunities for manufacturers.

Who is Winning in this Space?

The global wound debridement products market is extremely competitive in nature. According to FMI, majority of the players in the wound debridement products market are focusing on acquisitions and launching new and effective product variants

For instance, Axio Biosolutions, a leading Indian company working in the industry, is consistently working on the creation of an emergency wound hemostat. The company also launched an effective dressing namely “Axiostat” which gained a whole lot of importance and wide acceptance across the defense forces and civil hospitals. The dressing has helped majorly in preventing bleeding in the wounds.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

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

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Oxycodone Market sales will rise consistently at 4.8% CAGR between 2021 and 2031

ESOMAR-certified consulting firm Future Market Insight (FMI) has published a report on the global oxycodone market for the forecast period of 2021 – 2031. According to the report, the market is expected to expand at a CAGR of 4.8% during the forecast period.

Oxycodone belongs to a group of opioid analgesics that is generally used in pain management. It is used for both long and short term. Rising prevalence of orthopaedic diseases such as osteoporosis, fibromyalgia, rheumatoid arthritis and other types of chronic pain is boosting the demand for oxycodone in the global market.

According to the International Osteoporosis Foundation, osteoporosis is one of the most serious health concerns among women and around 30% of people in U.S and Europe are affected by it each year. Increasing medical ailment and post-operative pain is another factor influencing the demand for oxycodone market globally.

The market growth is expected to accelerate due to increasing research and development activities undertaken to innovate abuse-deterrent formulations. Advance drug formulation such as extended-release medication for pain relief is an example of improve formulation.

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The market however could face certain restrains in growth as oxycodone has side effects such as bladder pain, abdominal cramps, vomiting, diarrhoea, and breathing problem. Moreover, overdose of oxycodone can lead to de-addiction. The market can also be impacted due to certain severe adverse psychological problems such as depression.

COVID-19 pandemic has affected healthcare industry as there has been a sharp reduction in demand due to lesser visits to healthcare facilities such as clinics and hospitals. The widespread of virus has affected workforce in hospitals and other staffing issues as well.

Key Takeaways from FMI’s Oxycodone Market Study

Increasing penetration of pain management drugs, coupled with favourable reimbursement policies will drive sales in the U.S.
Within the Middle East and Africa, the demand in GCC countries will rise backed by investment towards expansion of the healthcare sector
The U.K., Italy, and France are likely to account for sizeable share in the Europe market for oxycodone
Long-acting oxycodone sales will rise steadily owing to surging application in pain management
Hospital pharmacies will continue exhibiting high demand for oxycodone, driven by higher footfall of patients

Who is Winning?

The key payers operating in the global oxycodone market are focusing on adopting numerous strategies such as mergers and acquisitions, research and development activities, and joint ventures. The key players operating in the global market are Janssen Pharmaceuticals (A Johnson and Johnson Subsidary), Inc., Purdue Pharma L., Hikma Pharmaceuticals USA, Inc., Pfizer, Inc., Sun Pharmaceutical Industries Ltd., Sanofi-Aventis S.A., and others.

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Small Molecule API Market is expected to exhibit a CAGR of 5% through 2021-2031

Increasing demand of high potency drugs and increasing cases of chronic diseases are expected to boost small molecule active pharmaceutical ingredient (API) Market. In a study, Future Market Insights (FMI) has forecast the small molecule API market to exhibit 5% CAGR between 2021 and 2031. According to the report, although in-house manufacturing is currently leading the market, the trend towards outsourcing in the pharmaceutical industry makes outsourced production more lucrative. The outsource segment is therefore likely to account for 50% of production in the market during the forecast period.

A small molecule drug can enter cells easily because it has a low molecular weight. Once inside the cells, it can affect other molecules, such as proteins, and may cause cancer cells to die. Increasing research on small molecule APIs and novel Biologics APIs will boost the market growth. High potency drug market is a growing pharmaceutical segment. Increasing prevalence of cancer and other chronic diseases owe to the need of oncology drugs and antibody drug conjugates.

The oncology market is growing enormously. High potency drugs constitute significantly to the new drugs that are under development. Small molecule demand still dominates the API market, however new biological entity demand is also growing rapidly growing healthcare expenditure is resulting in new molecule discovery, the evaluation of various molecules for possible disease treatment, and the adoption of an innovative approach to these studies.

As increasing prevalence of chronic disorders like cardiovascular diseases, diabetes, cancer and infectious diseases, and increasing research on small molecule APIs will boost the market growth. Besides this, government funding to API manufacturing units is also increase in developing countries like India, Israel, and China. In May 2020, AstraZeneca recovered the global rights to brazikumab from Allergan. Small molecule monoclonal antibody is developed for Crohn’s Disease and Ulcerative Colitis and adds to their growing presence in Immunology

Coronavirus pandemic has changed the public medical care needs and spending however this is viewed as transient effect on the Small Molecule API market. The immense COVID-19 patient pool attracted spotlight on the treatment of these patients, in turn increasing the demand for small molecule API.

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Key Takeaways from Small Molecule API Market Study

As a result of increasing healthcare spending and favorable reimbursement policies, the U.S. accounts for over 87% of North America small molecule API market
Rising focus on health and wellness will enable the U.K. exhibit a little below 4% y-o-y growth in 2021
Germany will account for maximum sales in Europe. Besides this, the demand from France too is expected to rise
Increasing investment in research and development within pharmaceutical will drive sales in China

The use of external resources (people, equipment and/or expertise) to facilitate the preparation of Active Pharmaceutical Ingredient (API) or advanced intermediates has become a common practice for most pharmaceutical development organizations. In early development the reasons to seek external support for the manufacture of API was attributed to a number of factors, including a lack of sufficient internal capacity, a need to source unique technical expertise or a desire to achieve overall cost reductions.

For organizations which have no internal GMP manufacturing capabilities whatsoever (e.g. biotech companies), outsourcing is, of course, a necessity. However, companies which have some level of internal manufacturing capacity may have options to use outsourcing to their strategic advantage. This outsourcing capability has increase the source of generating more revenue for new emerging companies. For fast growth of industry they follow outsourcing strategies.

In addition, key players in the Small Molecule API market are keenly focusing on carrying out strategic activities such as advance technology for manufacturing, acquisitions, in order to create a strong position into the market is leading into vigorous developments which is helping the market to grow at a considerable rate.

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Analgesics Market to register 5.6% CAGR between 2021 and 2031

As per Future Market Insights’ revised industry analysis, the global analgesics market was valued at over US$ 73.6 Bn in 2020, and is expected to exhibit a CAGR of 5.6% over the forecast period (2021-2031).

Analgesics encompasses a class of drugs that are designed to relieve pain. Different classes of analgesic drugs include opioids, NSAIDs, local anesthetics, and acetaminophen. Analgesics can be administered by various routes such as oral, IV, rectal, topical, and others.

Increasing number of patients suffering from chronic conditions such as cancer, chronic pulmonary obstructive disease (COPD), as well as increase in post-operative pain management prescription medications and various trauma conditions leading to pain are expected to boost the analgesics market.

Various companies are prioritizing strategic collaborations for the development of non-opioid-based analgesics and an integrated approach towards pain management, prevention of diversion of prescription opioid medications, and the signs of potential abuse or addiction associated with opioid medications.

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According to WHO, worldwide, about 0.5 million deaths are attributable to drug use. More than 70% of these deaths are related to opioids, with more than 30% of those deaths caused by overdose. This is a key challenge to the market.

Pfizer is developing non-opioid drugs in partnership with Eli Lilly, and in 2017 Pfizer announced its plans to donate 1 million doses of Naloxone hydrochloride injections to direct relief over four years (up to 250,000 doses per year). This initiative helped to promote the use of non-opioid analgesics for pain management.

Key Takeaways from Market Study

By drug class opioids are expected to hold 49.3% market value share by the end of 2031, primarily because of their efficacy in intense pain relief.
Based on indication, surgical pain is leading with over 45.9% market share in 2020, owing to rising number of surgical procedures conducted globally.
Based on route of administration, oral route holds a dominant share of 37.9% in the global analgesics market.
Hospital pharmacies dominated analgesics market with a share of 32.8% in 2020.
By region, Europe is slated to be the second-largest leading market with a value share of 25.0% by the end of the forecast period.

Competitive Landscape

Acquisitions, mergers, expansion strategies, and product launches are often adopted by manufacturers to gain competitive edge. Some of them are focusing on the development of novel formulations of non-opioid drugs. Besides this, expansion in high potential market will remain key strategy among market players to strengthen their footprint.

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Orthokeratology Market rising at a CAGR of 7.3% from 2022 to 2028

Orthokeratology has been considered to facilitate the elimination of contact lens related vision problems, providing patients with the freedom to experience an active lifestyle.

While this factor will continue to play a pivotal role in growing adoption of Ortho-K lenses, Future Market Insights has discovered a few other factors that are likely to impact the growth of orthokeratology market in near future. In a recently released report, titled “Orthokeratology Market: Global Industry Analysis 2013-2021 and Opportunity Assessment, 2022–2028,” the performance of global market for orthokeratology is assessed for a 10-year period 2022-2028.

Increasing online efforts in patient education and awareness about Ortho-K, coupled with an intensifying rate of success of orthokeratology lenses in recent years, is expected to strengthen the prospects for global orthokeratology market, over the next decade. The market is likely to witness a promising CAGR of 7.4%; whereas, the global revenue is anticipated to reach beyond US$ 88 million by the end of 2028.

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While increasing prevalence of myopia stands as a key factor impacting the market growth, several advantages of Ortho-K lenses over the conventional contact lenses have been recognized to be pushing adoption of orthokeratology among sports persons. A few restrictions arising in case of LASIK surgery will also be reportedly responsible for growing inclination for Ortho-K. On the flipside, the adoption of orthokeratology lenses among the myopic patient is less than 0.5%, which is a major factor deterring the growth of the market. In few under developing economies, patient are not able afford the high cost of ortho-k lenses and also the high fees of ophthalmologists and optometrists which will also deter the growth of market to some extent.

Myopia Continues to Remain the Most Influencing Indication, Accounting for a Major Revenue Share

Myopia is expected to remain a key indication driving the demand for orthokeratology, worldwide. With over 70% share of the total market value estimated for 2028, myopia will also provide an extensive scope for innovation opportunities. Hyperopia, followed by astigmatism, will represent the next key indicative factor, which is anticipated to drive market growth over the forecast period.

Demand from Optometry Clinics Accounts for a Share that Equates More than Half of the Market Value

Among all distribution channels, optometry clinics will reportedly continue to generate the maximum demand for Ortho-K, accounting for a share of more than 50% to the total market value through 2028. Ophthalmic clinics are expected to hold a decent revenue share throughout the assessment period, whereas hospitals are likely to emerge as the most opportunistic distribution channel.

MEA Still Struggles through Low Awareness Level

North America and Europe, which represent the key regional markets, will reportedly account for a collective value share of around 60% through 2028. Asia Pacific excluding China and Japan is slated for modest growth, whereas MEA will continue to witness sluggish growth rate owing to relatively lower consumer awareness about availability and use of Ortho-K lenses.

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Medical Grade Coatings Market Comprehensive Shares, Historical Trends And Forecast By 2031

The growing demand for medical equipment and expansion of the medical devices sector in various regions have been creating opportunities for the growth of the medical grade coatings market. As per a study by Future Market Insights, the medical grade coatings market will expand at a CAGR of 6.7% during the forecast period of 2021-2031. As per the report, among materials used, the demand for polytetrafluoroethylene or PTFE is considerably high. PTFE materials have wider applications in coating and are used in hydrophobic, anti-microbial, and other coatings. It is expected to account for nearly 33% of medical grade coatings manufactured in 2021 in terms of value.

Regionally, North America and Europe will remain key markets. Of these, North America is expected to remain dominant. The presence of a well-developed healthcare infrastructure will continue supporting growth in these regions.

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Key Takeaways of Global Medical Grade Coatings Market Study

Medical grade coatings market is expected to surpass US$ 6.68 Bn in 2021
The U.S. will emerge dominant, accounting for nearly 85% of sales in North America. Thanks to increasing focus on healthcare research, the U.S. will continue spearheading growth in the region
The U.K. will exhibit 5.4% y-o-y growth in 2021, driven by increasing healthcare spending
Germany and France will remain attractive pockets for sales within Europe
China will remain the leading market for medical grade coatings in East Asia, followed by Japan and South Korea.

“Growing demand from medical sector is expected to drive the medical grade coatings sales. While developed countries will continue exhibiting demand, stagnancy in certain pockets will compel market players to explore options in emerging economies. Considering the presence of unmet medical needs and increasing focus on expansion of healthcare sector, medical grade coatings manufacturers will find conducive environment for growth in emerging nations,” says an FMI analyst.

The global medical grade coatings market is anticipated to grow substantially owing to the development in the medical as well as health-care sector and increasing investment in innovation and development of medical devices and equipment. Outbreak of COVID-19 has significantly impacted the global medical grade coatings market. The rising demand for various medical equipment and devices to offer efficient care to a mounting number of patients created prospects for medical grade coatings sales.

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Who is Winning?

The global medical grade coatings market has been identified as a significantly fragmented market. The Tier 1 manufacturers account for maximum share in the global market. Some of the leading players included in the report are DuPont, Koninklijke DSM NV, SurModics, Inc., Speciality Coating Systems Inc. Precision Coating Co. Inc., Biocoat Inc., Covalon Technologies Ltd., Harland Medical Systems Inc., Hydromer Inc., Medicoat, Inc. Aculon Inc., and AST Products Inc the manufacturers across the globe are anticipated to create tough competitive environment on the global level.

Medical Grade Coatings Market by category

Material

PTFE
PVDF
Silicone
Parylene
Metals
Others

Application

General Surgery
Cardiovascular
Orthopedics
Neurology
Gynecology
Dentistry
Others

Type

Hydrophilic
Hydrophobic
Anti-Microbial
Drug Eluting
Others

Region

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

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Want to Know More?

Future Market Insights has published a market research report on the Global Calcite Market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in depth analysis of the Global Calcite Market through different segments, namely by type, by size, application and region. The Global Calcite Market report also provides supply and demand trends, along with an overview of the parent 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.

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Industrial Cleaners Market is estimated to grow at a CAGR of 5.2% between 2018 and 2028

The industrial cleaners market is highly fragmented owing to the presence of a large number of global and domestic players who are leveraging product differentiation to stay ahead in the game. Improved aesthetics and fragrance coupled with innovative production processes to increase product shelf life is pushing revenues in the market for industrial cleaners, as elucidated in a new research study by Future Market Insights (FMI). The market is creating increasing growth opportunities for both existing players as well as new entrants. Industrial cleaners manufacturing is relatively cost effective, given the low production costs owing to low investment of capital and limited process training. A low entry barrier for new players is characteristic of the industrial cleaners market.

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According to a senior analyst in the Chemicals domain at FMI, “Established global players in the industrial cleaners market are primarily focussing on increasing their manufacturing capacities as well as introducing sustainable and multipurpose industrial cleaners to stay competitive in the ever-growing market. Global players are thriving in the industrial cleaners market due to their widespread distribution channels, sales networks, and wide product portfolios, and are able to maintain a steady year-on-year growth in revenue. Domestic manufacturers, although large in number, offer stiff competition to the global players in their respective regions in the industrial cleaners market.”

FMI attributes growth in sales of industrial cleaners to rapidly increasing demand from end-use industries. Adoption of industrial cleaners has increased significantly across industries such as food and beverages, manufacturing, oil and gas, petrochemicals, and other industries. Growing health and safety concerns especially in the manufacturing sector is pushing demand for industrial cleaners. Industrial cleaners clean and protect manufacturing equipment and make it safe, free from corrosion, and more efficient. Industrial cleaners also help reduce the harmful effects of chemicals used in manufacturing processes on human health as well as the environment. This is one of the significant factors boosting adoption of industrial cleaners across end-use industries.

Sustainable Industrial Cleaning Solutions Trending the Global Market

Global warming has led to a growing demand from industries for sustainable cleaning solutions that are environment friendly, efficient, and safe for human health. Manufacturers of industrial cleaners are launching sustainable products that are safe and effective in a bid to stay competitive.

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Multipurpose Industrial Cleaners are a New Trend in the Global Market

Manufacturers in the industrial cleaners market are launching multipurpose cleaners capable of serving different purposes such as degreasing, acidic cleaning, and other cleaning functions. Launch of a single product with multipurpose functions is a key manufacturer strategy being witnessed in the industrial cleaners market.

Segmental Insights from FMI’s Report on the Industrial Cleaners Market

The degreasers product type segment is expected to hold high market share in the industrial cleaners market, as degreasers are the most common type of industrial cleaners used in manufacturing industries for cleaning equipment with moving parts, which tend to accumulate rust and grease.
The oil and gas and petrochemicals end-use industries are expected to register high demand for industrial cleaners. The use of multiple chemicals and equipment in these industries is expected to fuel adoption of industrial cleaners.

Industrial Cleaners Market: Regional Insights

Growth of the industrial cleaners market is expected to be driven mainly by the markets in China, South East Asia & Pacific, and India. North America and Europe are projected to hold high market shares in the global industrial cleaners market, and these regions are expected to create huge demand for industrial cleaners due to the growing number of manufacturing industries. The rapidly expanding population and increasing need for consumer goods in China and India has led to rapid development of the manufacturing sector, which in turn is expected to create huge demand for industrial cleaners.

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Key Players in the Industrial Cleaners Market

Some of the leading players in the global industrial cleaners market include Kao Chemicals GmbH, Neos Company Limited, BASF SE, Croda International plc, Huntsman Corporation, 3M Company, Stepan Company, Quaker Chemical Corporation, WVT Industries, The Dow Chemical Company, Evonik Industries AG, Akzo Nobel N.V., Clariant, Ecolab, Solvay S.A., and Mitsubishi Chemical Holdings Corporation.

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Car Wash Detergents and Soaps Market is estimated to reach US$ 12,210.8 Mn by the end of 2028

Noteworthy increase in the fleet size and a consistently swelling vehicle parc point to the surging need for high quality car wash detergents and soaps. Looking at the considerably soaring per capita expenditure on car care and servicing, it is more likely that car care products such as car wash detergents and soaps would witness impressive demand over the course of next few years. Recent innovations such as bio-based car wash detergents and soaps has been creating an impactful trend shaping product innovation strategies of manufacturers of car wash detergents and soaps.

A recent intelligence released by Future Market Insights evaluates the current and prospective outlook of the performance of global car wash detergents and soaps landscape. In the report, FMI forecasts over 5% yearly growth in sales of car wash detergents and soaps. Accounting for more than 35% of the total consumption of car wash detergents and soaps, presoaks remain the most favored choice of car owners. Moreover, as indicated by the key insights drawn from research, domestic players remain the major shareholders in global landscape of car wash detergents and soaps, according to the study.

Convenient application and relatively affordable price point continue to influence sales potential of liquid car wash detergents and soaps, whereas the report projects strong demand growth for foam based car wash detergents and soaps that deliver a superior quality finish to cars post wash, in the near future. On the flipside, despite associated with a high price point, car wash detergents and soaps in gel form are poised to experience steadily growing sales attributed to their enduring post wash effect on cars.

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A majority of North American consumers prefers professional car wash services. European regulations on the other side prohibit consumers from in-house car washing, in the backdrop of increasing concerns regarding inadequate water availability. While this underscores the strong impact of factors encouraging sales of car wash detergents and soaps in North America and Europe, the report also positions developing economies to emerge more lucrative for investors in coming years.

Analysis of emerging regions indicates the significantly growing inclination of consumers to purchase cars, and spend more in car care and maintenance. A visible shift to luxury cars, subsequently directing a paradigm shift from DIY car wash to professional car wash services, is cited as an important trend diving consumption of car wash detergents and soaps in developing economies across Asia Pacific, Latin America, and Middle East & Africa.

On the other side, expanding online availability of a wide range of car wash detergents, soaps, and other car cleaning products will reportedly continue to lure car owners who still prefer in-house car cleaning. The flourishing automotive aftermarket is also projected to remain one of the key boosters for expansion of car wash detergents and soaps market in developing regions.

3M Company, Kao Corporation, Turtle Wax Inc., and Spectrum Brands Holdings Inc. constitute some of the prominent companies operating in the global car wash detergents and soaps market. Besides the aforementioned brands, the report covers a few other established players active in the car care and car wash space, emphasizing exclusive insights on their financial and strategic developmental profiles.

While the market structure analysis reveals that up to 35% revenue share in the global market belongs to leading companies, a major portion of the market value is accounted by a large number of domestic players that are strategizing on product innovation and competitive pricing. Novel formulations based on natural raw materials such as vegetable oils and naturally sourced solvents will reportedly continue to capture R&D interests of manufacturers.

Established brands continue to invest in strategic acquisitions and collaborations involving regional leaders, says research. Long-term contractual partnerships with domestic/regional players are likely to assure sustained demand in the long run, for global leaders investing efforts in specific regional market penetration.

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Market Segmentation

Product Type

Presoaks
Foam Detergents
Drying Agents
Triple Foams
Surface Protectants
Wheel Cleaners
Shampoo

Form

Liquid
Gel
Foam Based

Region

North America
Latin America
Western Europe
Eastern Europe
SEA & Pacific
China
Japan
Middle East and Africa

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Di-electric Gases Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2031

Surge in demand for SF6 gases from the power industry is expected to remarkably contribute towards the expansion of the di-electric gases market, finds Future Market Insights (FMI) in a study. According to the report, the market is forecast to exhibit 7.6% CAGR by 2031. Growth will continue especially as the demand from power utilities continues rising. As per FMI, SF6 gases will account for over 85% of sales in 2021. Bullish growth is on cards despite a period of temporary lull following curbs imposed amid COVID-19.

Globally, the di-electric gases market is driven by the increasing demand for SF6 gas in power utilities, transportation, and chemicals & petrochemicals industries. The power utilities and transportation industries among them have emerged as key end users, with power utilities accounting for over 50% of di-electric gases sold. Promising growth is on cards as there is unavailability of any substitute products for SF6. The application of SF6 as an insulating medium in gas insulated products, such as switchgears, transformers, and gas insulated lines will therefore gain momentum in the coming years.

Dielectric gases are dielectric materials that exist in the gaseous state. These gases are generally used as insulating medium in high voltage transmission units, such as transformers, switchgears and gas insulated lines. The gas used as an insulating media must have chemical inertness, good dielectric strength, high thermal stability, non-flammability, and low boiling point. The most common gases used across the globe for insulation purpose in dielectric gases are dry air, Nitrogen, SF6, fluoroketones (FK), fluoronitrile (FN) and others. In the others segment perfluorcarbon (PFC), fluoroxirane (FO), and all the remaining combinations used as dielectric medium in gas insulated transmission units.

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Key Takeaways from Di-electric Gases Market Study

Driven by the rising demand from power utilities, the di-electric gases market will continue expanding, reaching a valuation of US$ 241.4 Mn by 2031
Expansion of power utilities and the oil and gas sectors is giving tailwinds to growth in the U.S., which will continue account for over 75% of sales by 2031
Increasing investment is identified as a chief driver of the U.K. market, enabling y-o-y growth at 7% in 2021
Germany and France too will report impressive recovery following a period COVID-19 induced slowdown in the di-electric gases market
China’s contribution towards East Asia market will continue rising, trailed by South Korea

Di-electric Gases Market: Participant Insights

Key manufacturers in the Di-electric Gases market, like The 3M Company ,Solvay S.A. ,General Electric, The Linde Group, KPL International Limited, Matheson Tri-Gas, Inc., Kanto Denka Kogyo Co., Ltd., Showa Denko K.K., ABB Inc., Messer Group GmbH and others. are focused on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Di-electric Gases Market by Category

Gas Type

SF6 Di-Electric Gases
Dry Air Di-Electric Gases
Nitrogen Di-Electric Gases
Fluoronitrile (FN) Di-Electric Gases
Fluroketones (FK) Di-Electric Gases
Others

By End Use Equipment

Switchgear
Transformers
Gas Insulated Lines

Application

Medium Voltage
High Voltage
Extra & Ultra High Voltage

Region

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

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Want to Know More?

Future Market Insights has published a market research report on the Di-electric Gases market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Di-electric Gases market through five different segments- Gas type, by End Use Equipment, by application, By End Use and region.

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Low dosage Hydrate Inhibitors Market is projected to total US$ 120.3 Mn by 2029, Exclusive Report By Future Market Insights

Global consumption of low dosage inhibitors is likely to increase at a robust pace over the course of forthcoming years. Future Market Insights (FMI) recently published a new research study titled – ‘Low Dosage Hydrate Inhibitors Market: Global Industry Analysis 2014–2021 and Opportunity Assessment 2022–2029′. The report has projected the global low dosage hydrate inhibitors market for an impressive 8% CAGR between 2022 and 2029.

Application of low dosage inhibitors will be particularly high in the offshore terrain segment, according to FMI’s analysis. Estimated to achieve a massive incremental opportunity through 2029, more than 90% of overall consumption of low dosage hydrate inhibitors is expected to be registered by offshore terrain.

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Anti-agglomerate Inhibitors Hold Potential to Rise above Kinetic Hydrate Inhibitors

A majority of leading manufacturers have been accelerating the shift from the conventional thermodynamic inhibitors to low dosage hydrate inhibitors in an effort to achieve significant savings in terms of maintenance costs. Increasing acceptance of low dosage hydrate inhibitors will be further strengthened by cost benefit related to flow assurance and flow maintenance, storage, logistics, and pumping among others.

In addition, the BOD (biological oxygen demand) and COD (chemical oxygen demand) associated with low dosage hydrate inhibitors is significantly lesser than that with thermodynamic inhibitors. According to FMI’s study, superior sustainability quotient will continue to place low dosage hydrate inhibitors superior to thermodynamic inhibitors. In line with the increasing quest of sustainability, anti-agglomerate type of low dosage hydrate inhibitors, which are more degradable than kinetic hydrate inhibitors, will remain the most preferred compound in the global low dosage hydrate inhibitors market.

China to Remain Dominant Producer & Consumer of Low Dosage Hydrate Inhibitors

China is expected to lead the overall low dosage hydrate inhibitors’ consumption, retaining the title of the largest producer and consumer of low dosage hydrate inhibitors, globally. North America accounted for more than 16% of the total revenues attained by global low dosage hydrate inhibitors in 2018. The report envisages that North America will remain among the most important markets for low dosage hydrate inhibitors throughout the period of study. Furthermore, this growth is primarily attributed to the region’s primacy in offshore gas production activities.

Although the report reaffirms supremacy of China and North America in the low dosage hydrate inhibitors landscape, the flourishing manufacturing scene in fast-developing regional pockets such as East Asia, MEA, and Latin America prompt at the speeding revenue growth of low dosage hydrate inhibitors.

Consistently growing demand for low dosage hydrate inhibitors from emerging markets such as India and ASEAN countries is expected to create ample opportunities for the manufacturers of low dosage hydrate inhibitors in coming years. New offshore natural gas exploration projects are further expected to boost the consumption levels of low dosage hydrate inhibitors in MEA, through 2029.

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Vendor Insights: Global Low Dosage Hydrate Inhibitors Market

The report has covered detailed strategic profiles of some of the top companies operating in the global low dosage hydrate inhibitors market, such as BASF SE, Schlumberger Limited, Arkema Group, Baker Hughes Incorporated (BGHE), Clariant AG, Ecolab Inc., Evonik Industries AG, Force Chem Technologies LLC, Halliburton Co., and Gas Hydrate LLC, among others.

Key Segment : Global Low Dosage Hydrate Inhibitors Market

Product Type

Anti-Agglomerate (AA) Inhibitors
Kinetic Hydrate Inhibitors (KHIs)

Terrain Type

Onshore
Offshore

Region

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

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