Market Research Blog

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

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

Future Market Insights (FMI) delivers key insights on the global metallic stearates market, in its upcoming outlook titled, ‘Metallic Stearates Market: Global Industry Analysis 2017-2021 and Opportunity Assessment 2022-2028‘. In terms of value, the global metallic stearates market is projected to register a healthy CAGR of 4.2% during the forecast period, due to various factors, regarding which, FMI offers vital insights in detail.

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

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

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

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This metallic stearates market study covers the trends driving each segment, and offers analysis and insights of the potential of metallic stearates in specific regions. Based on region, the metallic stearates markets in China and North America are expected to dominate over the forecast period, followed by Western Europe. APAC is expected to register a high growth rate between 2022 and 2028 in the global metallic stearates market. China is expected to remain the largest market through 2028. China’s metallic stearates market accounted for 30.2% market share in 2017, and is expected to account for 30.3% market share by 2028.

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

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

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Key Segments Covered in Metallic Stearates Industry Survey

Metallic Stearates by Product Type

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

Metallic Stearates by Application

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

Metallic Stearates Market by Region

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

Demand for fertilizer additives is forecast to increase at a moderate 4.4% annually to US$ 1,445.8 Mn in 2028. Future Market Insights, a leading market research company, released a market intelligence report, presenting a comprehensive analysis of the fertilizer additives market on the basis of product type (anti-caking agents, dust suppressors, drying agents, and granulation agents) and application (Nitrogen, P205, K20, and others).

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

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

Anti-Caking Agents to Lead the Market

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

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

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

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

Additional Takeaways from the Study

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

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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

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

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

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

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

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Key Takeaways from Sodium Bicarbonate Market Study

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

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

Sodium Bicarbonate Market: Participant Insights                                  

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

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

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Sodium Bicarbonate Market by Category

By Grade Type

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

By Form

• Powder
• Pellets
• Slurry
• Liquid

By End Use

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

Region

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

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About Future Market Insights (FMI)

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

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

According to latest research conducted on Aliphatic Solvent market, Aliphatic Solvent market size is estimated to grow with a CAGR of 3% to 5% during the forecast period 2021-2031.

The increasing requirement for varnishes and films from the decor industry and automotive is kindling the increase of the business across the globe.

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Strengthening requirements for suburban and industrial constructions from developing marketplaces serve as a key macro-economic factor for growth of the aliphatic solvents market around the world during the forecast period.

What is Driving Demand for Aliphatic Solvents

Aliphatic solvents and thinners are diluted in paints for simple combination and lessening thickness.

These helps in ease in paint application after blending it in with the products will support the business and industry growth.

Subsequent growth in the automobile industry, subsequent growth in population, rise in disposable income and rising urbanization in non-industrial nations is speeding up the demand.

Demand in different segment including building & construction, and automotive will propel the market growth of these solvents which plays major roles in this sector. Expanding interest for rubber in different enterprises will essentially drive aliphatic hydrocarbon solvents and thinners market.

Usage Across Various End Use Industries Driving Demand of Aliphatic Solvents

Aliphatic Solvents are also known as non-aromatic solvents. They are one of the most commonly used solvents worldwide and found in many of the everyday products.

They are used as solvents or diluents in paints and thinners, they are widely used in oil extraction, degreasing, rubber manufacturing and as carriers for aerosols and disinfectants.

Gasoline and kerosene are examples of aliphatic hydrocarbon solvents. Common aliphatic hydrocarbon solvents used in paints and coatings are mineral spirits, hexanes and heptane. These compounds are also used as corrosion inhibitors.

The growth of this segment can be attributed to the increasing demand for decorative, automotive, industrial, and protective paints & coatings in both, developed and emerging countries.

This growing demand for paints & coatings for the increasing number of residential and commercial buildings due to rising population and urbanization majorly in China and India is expected to drive the global market during the forecast period.

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Asia Pacific Demand Market Outlook for Aliphatic Solvents:

Asia-Pacific region is expected to dominate the market for aliphatic hydrocarbon solvents and thinners during the forecast period.

Due to the high demand application from countries like China, India and Japan, the market for aliphatic hydrocarbon solvents and thinners has been increasing.

The largest producers of aliphatic hydrocarbon solvents and thinners are located in Asia-Pacific region.

Some of the leading companies in the production of aliphatic hydrocarbon solvents and thinner are Royal Dutch Shell, Recochem Inc., Phillips 66, MG Organics Pvt. Ltd. Apart from paints & coatings, these aliphatic hydrocarbon solvents and thinners are also used in adhesives & sealants, in rubber manufacturing and others which have multiple application in various end-user industries like automotive and others.

Europe Demand Outlook for Aliphatic Solvents:

The demand for conventional hydrocarbon solvents is changing particularly in Europe and North America, where various environmental regulations and acts are stringent thereby allowing bio-green based hydrocarbon solvents to be implemented.

Aliphatic Solvents has a major dominance in the market and is expected to steadily rise while Aromatic is expected to decline gradually.

Paintings and Coatings form the largest application market of Hydrocarbon Solvents followed by pharmaceuticals, adhesives and printing inks respectively.

Who are the Key Manufacturers and Suppliers of Aliphatic Solvents

Major players in the aliphatic solvents market are

• ExxonMobil Chemical, Inc.
• SK Global Chemical Co., Ltd.
• Royal Dutch Shell Plc.
• Calumet Specialty Products Partners, L.P.
• Gotham Industries
• Gulf Chemicals and Industrial Oils Co.
• Recochem Inc.
• HCS Group
• W.M. Barr
• Ganga Rasayanie Ltd
• NOCO Energy Corporation
• Gadiv Petrochemical Industries Ltd.
• Hunt Refining Company
• Honeywell International Inc.
• BASF SE, and LyondellBasell Industries Holdings B.V. among 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 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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Aliphatic Solvents 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Type:

• Varnishes
• Hexane
• Heptane
• Mineral Spirit
• Others

By Application:

• Paints & Coatings
• Adhesives
• Rubbers & Polymers
• Aerosol
• Cleaning & Degreasing

By Region:

• North America
  • U.S.
  • Canada
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Europe
  • Germany
  • Italy
  • France
  • U.K
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe
• South Asia
  • India
  • ASEAN
  • Australia & New Zealand
• East Asia
  • China
  • Japan
  • South Korea
• Middle East and Africa
  • GCC Countries
  • Turkey
  • S. Africa
  • Northern Africa
  • Rest of MEA

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Future Market Insights,
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According to a latest study on Agricultural Fabrics market, sales of Agricultural Fabrics are projected to increase at around 4.7% CAGR over the next ten years (2021-2031). Rising product demand in the agriculture sector for better crop quality & increased productivity and technological advancements are expected to drive the market over the forecast period.

An increase in product usage in various sectors, including aquaculture and horticulture, is expected to have a positive impact on the market growth.

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What is Driving Demand for Agricultural Fabrics

The benefits of agricultural fabrics market are Increase crop production, Avoid the soil from drying out and decrease the requirement of fertilizers, pesticides and water.

Agricultural fabrics can be classified into woven, nonwoven and knitted fabrics applied for agricultural and horticultural uses covering livestock protection, shading, weed and insect control, and extension of the growing season. The essential properties required are Strength, elongation, stiffness, porosity, bio-degradation, resistance to sunlight and resistance to toxic environment.

Food Crops to Remain a key Segment for the Consumption of Agricultural Fabrics

The demand for organic and naturally-derived snacks is increasing around the globe, reflecting a marked change in consumption trends around the world.

Agricultural fabrics such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls.

Moreover, the market growth is being further accelerated by supportive government policies, especially in developing countries, promoting sustainable agriculture practices and use of modern technologies to improve productivity in agriculture.

US and Canada Agricultural Fabrics Market Outlook

The market in North America expected to grow at a significant rate over the forecast period, which can be attributed to a rise in product demand for high-quality agricultural products.

A positive outlook for agriculture and aquaculture is projected to uplift the regional market over the forecast period.

Growing awareness about nutritional diet is expected to promote the demand for dietary supplements, which is likely to increase fish consumption. This will boost the product demand, thereby supporting regional market growth.

The market faces numerous challenges coping with the complexity of manufacturing processes, higher production costs, and fluctuating prices of raw materials, such as nylon, polyester, and wool.

Technological developments and R&D investments for developing novel technologies are expected to offer ample scope for market growth over the forecasted period.

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Asia Pacific Demand Outlook for Agricultural Fabrics

Asia-Pacific is a prominent market for these fabrics given the extensive agricultural production activities of many developing economies of the region.

The main reason for the region’s preeminent position in the market is the excessive reliance of the developing economies of India and China on agriculture.

Added to this is the high population of these and other countries in the region, which has exacerbated the need for greater agriculture productivity.

As a result, the demand new-age materials and tools such as Agro textiles in the farming sector are expected to soar in the forthcoming years.

Who are the Key Manufacturers and Suppliers of Agricultural Fabrics

Some of the leading manufacturers and suppliers of Agricultural Fabrics include

• Zhongshan Hongjun Nonwovens Co. Ltd.
• Hy-Tex Limited
• Belton Industries
• Beaulieu Technical Textiles
• B&V Agro Irrigation Co.
• Diatex
• Neo Corp International Limited
• Meyabond Industry & Trading Co., Ltd.
• Tama SRF Limited and many others.

The recent coronavirus outbreak has had an adverse impact on majority of the businesses across the world. Accounting to the strict measures taken by governments of major countries, it has become increasingly difficult to carry out business operations.

The report will include the impact of the Covid-19 pandemic on the global. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic.

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

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Agricultural Fabrics 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.

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

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Key Segments

By Area of Application:

• Crop Production.
• Horticulture, Floriculture and Forestry.
• Animal Husbandry and Aqua Culture.
• Agro Engineering Related Applications

By Application:

• Hail protection
• Wind protection
• Soil covering or weed protection
• Sun protection
• Bird protection net
• Plant nets
• Crop cover
• Insect meshes

By Region:

• North America
  • U.S.
  • Canada
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Europe
  • Germany
  • Italy
  • France
  • U.K
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe
• South Asia
  • India
  • ASEAN
  • Australia & New Zealand
• East Asia
  • China
  • Japan
  • South Korea
• Middle East and Africa
  • GCC Countries
  • Turkey
  • S. Africa
  • Northern Africa
  • Rest of SEA

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Future Market Insights,
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United Arab Emirates
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According to latest research, The Activated carbon filter market is projected to expand between 6.0% and 8.0% CAGR during the 2021-2031 assessment period.

The growth of the market can be attributed due to stringent governmental regulations on water purification and regulations implemented by environmental agencies on industrial discharge.

The growing demand for improved properties and quality is expected to provide growth opportunities for the Activated carbon filter market.

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What is Driving Demand for Activated Carbon Filter Market

Major factors driving the market are the growing demand from the Water treatment technology which is gaining prominence all over the world.

Companies are striving to adopt environment-friendly and efficient water disposal techniques. This has boosted the demand for activated carbon. In 2019, consumption of activated carbon in water treatment application reached more than 40% of the total volume manufactured in the world.

High economic growth and increase in population are expected to drive the industrial sector, thereby propelling the demand for activated carbon filters in industrial water pollution treatment and water purification applications.

In the food and beverages sector, these filters are employed in processes such as removal of contaminants or impurities such as color and odor from sweeteners, food liquids, syrups, beverages, glycerin, and amino and organic acids.

Growth in demand for processed foods and beverages is a major factor estimated to drive the market in the near future.

Steel Industry Remains a key Segment for the Consumption of Activated Carbon Filter Market.

Increasing demand from the Steel industries is one of the major factors driving the world’s activated carbon filters market. Stainless steel shell was the largest segment of the products markets globally in 2019 in terms of value. The stainless steel shell is anticipated to account for the biggest share of the overall market during the forecast period.

The growth of stainless steel shell is attributed to its durability and less-corrosive properties. Carbon steel shell activated carbon filters are less durable because of its corrosive nature.

The industrial water pollution treatment application is also expected to be the largest, and the drinking water purification application is expected to be the fastest-growing segment in the overall market.

The global market is mainly driven by the implementation of stringent regulations by regional governments and environmental agencies to control water pollution.

Also, they are used to treat industrial discharge to re-use it in the manufacturing process again.

Re-use of industrial discharge water and water pollution control are the two major making industrial water pollution treatment the largest application in the market.

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Asia Pacific Activated Carbon Filter Market Outlook

APAC is estimated to be the largest market for activated carbon filters in forecasted period. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC.

According to the World Bank, APAC is the fastest-growing region in terms of both population and economy.

The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP.

High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for the product in water pollution treatment and water purification applications.

North America Demand Outlook for Activated Carbon Filter Market Outlook.

North America is also expected to witness significant market growth of this compound on account of rising production in food and steel industries over the forecast period.

However, Demand in this region is supposed to grow at a moderate pace due to the slowdown in production in end use industries. The capacity additions in the region of US and Canada are predicted to increase the market call over the outlook period.

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Who are the Key Manufacturers and Suppliers of Activated Carbon Filter

Some of the leading manufacturers and suppliers include

• TIGG LLC (US)
• Puragen Activated Carbons (US)
• Cabot Corporation (US)
• Westech Engineering (US)
• Kuraray Co. Ltd. (Japan)
• Lenntech B.V. (The Netherlands)
• Donau Carbon Corporation (Germany)
• General Carbon Corporation (US)
• Sereco S.R.L. (Italy)
• Carbtrol Corp (US)

Several key market participants are focusing on new & innovative product development to cater the growing demand from the end use sector.

Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decrease the carbon emission.

Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.

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

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Activated Carbon Filter 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Shell Type:

• Stainless Steel Shell
• Carbon Steel Shell
• Others

By Application:

• Industrial Water Treatment
• Drinking Water Treatment
• Food And  Beverages
• Pharmaceutical
• Others

By Region:

• North America
  • U.S.
  • Canada
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Europe
  • Germany
  • Italy
  • France
  • U.K
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe
• South Asia
  • India
  • Asian
  • Australia & New Zealand
• East Asia
  • China
  • Japan
  • South Korea
• Middle East and Africa
  • GCC Countries
  • Turkey
  • S. Africa
  • Northern Africa
  • Rest of MEA

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According to the latest research conducted, the demand for Acrylonitrile is anticipated to grow with a compelling growth rate of about 3.5% to 5.0% in between the coming assessment period of 2021-2031.Ammonia, propylene and propane are used as a raw material for the production of acrylonitrile. It is used in many industries for the production of variety of polymers and thermoplastics. Some major uses include acrylic fibres, nitrile rubber, ABS and others.Get a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13906

The increasing demand for acrylic fibres manufactured from acrylonitrile is expected to drive the market over the forecast period. It is also one of the primary raw materials in the production of plastics and composites, which is further anticipated to propel its global demand.

What is Driving Demand for Acrylonitrile

Major factors driving the market are the growing demand from construction industry and automotive industry.

The extensive usage of acrylonitrile in the building sector for headliners, interior grills, centre consoles, and other applications is one of the primary drivers driving the market’s growth.

The construction industry’s rapid rise has fueled the market demand.

It is also used in the automotive industry to make critical components such as seatbelts, instrument panels, dashboards, and other such items.

The increased usage of nitrile rubber and other plastics in automotive manufacturing aids in weight reduction and efficiency gains. These are the primary drivers of market growth over the forecast period.

Growth of Textile and Automotive Industry Increases the Demand of Acrylonitrile

The growing textile and apparel industry in emerging economies of the Asia-Pacific region, due to rising urbanization and increasing affordability is anticipated to drive the market for acrylic fibre over the forecast period.

Acrylic fibres are used extensively in the textile and packaging industries. They possess high resistance to laundry bleach, ultraviolet degradation, and microbiological attack, along with an aesthetic appeal.

These fibres are also light in weight and have a comfort feel the softness, making them a great choice for clothing.

People’s lifestyles have changed dramatically as a result of rapid urbanisation. As cities grow, so does the demand for transportation.

To meet this rising demand, many vehicle manufacturers have developed industrial operations in various regions of the world.

As the need for car parts, accessories, and raw materials has grown, so has the demand for spare parts, accessories, and raw materials.

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Acrylonitrile is a chemical substance that is used to make bumpers, dashboards, seats, lighting equipment, centre consoles, and headliners for automobiles.

In recent years, such broad applications have significantly expanded the scope of this substance in the market.

APAC Market Outlook

Due to the rapid expansion of the automotive and construction industries in the region’s growing countries, the Asia-Pacific region accounts for a large portion of the worldwide acrylonitrile market.

In China and India, high demand for electrical and electronics, household appliances, gadgets, and autos is boosting market growth.

The top importers in the region are China, India, and Korea. China is also a major manufacturer of the chemical.

Moreover, the demand for acrylic fibres in the garment and home furnishings industries is increasing.

Increased demand for acrylonitrile in China has come from an expansion in the manufacturing of electrical and electronic goods in the country over the years.

China is the world’s largest market for electric vehicles. The market is being driven by the country’s expanding demand for electric automobiles.

Europe and North America Demand Outlook

The market in North America is also expected to grow rapidly due to an increase in demand for lightweight materials in the transportation sector.

The acrylonitrile market in Europe is also expected to grow steadily due to its high demand in the region’s large automotive industry, particularly in the production of heavy-duty vehicles.

The expanding automotive industry in the European region, which is focusing to produce much more light-weight and energy-efficient vehicles in order to reduce carbon dioxide emissions, has increased market demand.

Who are the Key Manufacturers and Suppliers

Some of the leading manufacturers and suppliers include

• Formosa Plastics Corp.
• Mitsubishi Chemical Corporation
• Sumitomo Chemical Company Ltd
•  Sinopec Group
• Asahi Kasei
• INEOS
• Ascend Performance Material
• Taekwang Industrial Co. Ltd
• ShanghaiSECCOPetrochemical Company Limited and many others.

Significant growth of the acrylonitrile production in automotive, building construction areas and textile industry in countries such as China and India is driving the market in the Asian-pacific region.

Several countries are investing in China and India as they are the fastest-growing market in the future and the center hub of the automobile and textile industries; thus, several companies start investing in these industries.

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

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key SegmentsBy End- Use:

• Automotive
• Construction
• Electrical and Electronics
• Textile
• Packaging
• Others

By Application:

• Styrene (ABS)
• Acrylic Fibre
• Acrylamide
• Nitrile Butadiene Rubber
• Others

By Region:

• North America
  • US
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• East Asia
  • China
  • Japan
  • South Korea
• South Asia Pacific
  • India
  • ASEAN Countries
  • Oceania
  • Rest of South Asia Pacific
• Middle East and Africa
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa
  • Rest of MEA

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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According to the latest research by Future Market Insights, HBsAg Testing market is set to witness a 5.9% growth during the year 2021-2031.

The market has been increasing at a gradual rate and is projected to witness lucrative growth due to increase in cirrhosis and liver cancer deaths due to prevalence of hepatitis B, technological advancements in diagnostic kits and due to increase in cirrhosis and growing awareness regarding early detection of hepatitis B.

What is Driving Demand for HBsAg Testing?

Hepatitis B is a potentially fatal infection and has turned into a vital healthcare problem across the world. Rise in prevalence of hepatitis B and need for early detection of hepatitis B are primary factors supporting the market growth.

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In addition, rise in awareness among the population; and increase in initiatives by non-profit organizations and governments add to the development of the market. Increase in awareness among the patients’ leads to early detection of the disease. This is driving the demand for HBsAg testing.

Growing research and innovation, rise in healthcare expenditure and urbanization is resulting into rapid adoption of testing procedures, which in turn leads to market growth.

Rising cases of Hepatitis B, likely to increase the HBsAg Testing Sales

Hepatitis B is an infection of worldwide importance, with a projected of 296 million people living the virus globally, according to the data provided by WHO. In the year 2019, hepatitis led to 820 000 deaths, majorly from complications such as cirrhosis and hepatocellular carcinoma.

The occurrence of hepatitis B is highest in the African and Western Pacific regions where 6.1% and 6.2% respectively of the adults are infected. Hepatitis B can lead to chronic infection and show a high risk of mortality. It is projected that 80-90% of the newborns infected with hepatitis B in first year of life suffer from chronic infections.

There is rise in prevalence of hepatitis B also because of the growing urbanization and environmental changes because of the changing lifestyle. These factors create a lucrative opportunities for hepatitis B diagnostic test manufacturers.

US and Canada HBsAg Testing Market Outlook

United States and Canada lead the HBsAg Testing market. The market is likely to witness significant growth owing to the high prevalence of acute cases of hepatitis B, availability of advanced diagnostic tools and rising awareness regarding hepatitis testing.

The rapid growth in the Canadian market is owing to the initiatives of the non-government and organizations. For example, the Public Health Agency of Canada conducted the World Hepatitis Day with the aim of growing awareness regarding hepatitis diagnosis. Thus, resulting into a demand surge for hepatitis diagnosis in the country.

Europe Demand Outlook for HBsAg Testing

Europe is second lucrative market and is likely to register a remarkable growth owing to the rising cases of hepatitis B infections, increasing diagnostic product launches, and growing healthcare expenditure in the region.

As per the World Health Organization, Hepatitis B is a contagious disease that affected approximately 15 million people in 2019 in the WHO European region. The growing geriatric population is also increasing the demand for hepatitis testing as complications associated with hepatitis worsen with aging.

Who are the Key Manufacturers and Suppliers of HBsAg Testing?

Some of the leading manufacturers and suppliers of HBsAg Testing include

• CTK Biotech Inc.
• Biopanda Reagents Ltd.
• Avecon Healthcare Pvt Ltd.
• Abbott
• Bio-Rad Laboratories Inc.
• Siemens Healthineers
• QIAGEN
• F. Hoffmann-La Roche AG and others.

The HBsAg Testing market is competitive, with the presence of a few major players. These global market players compete mainly on the basis of technological developments. Moreover, key players are investing greatly in the research and development to develop rapid and advanced diagnostic products.

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

HBsAg Testing 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

Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Key Segments:

By Kit Type :

• Cassettes/Cards
• Strips

By Sample Type:

• Serum
• Plasma
• Whole Blood

By End User:

• Hospitals
• Clinics
• Diagnostic Centres
• Home Care
• Others

By Region:

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

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

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